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The international cooling and heating solutions firm will shift its US headquarters from 353 Route 46 West Fairfield, NJ.

The sale of the two properties—Shorewind Towers at 7000 South Shore Drive, and Shorewind Court, nearby at 6951 S. Oglesby Ave.—was the largest by dollar amount and unit count in the submarket in the last 10 years, according to CoStar. Both properties were originally built nearly a century ago.

The IRS will vacate more than 32,000 square feet in the third quarter of this year, which will lower the building's occupancy to 61.1% and create what Cushman & Wakefield terms as a tremendous value-add opportunity for Capstone.

Google's $1 billion purchase of nine addresses in two separate transactions represents 1.2 million square feet of buildings and land that were once owned by Yahoo! in Moffett Park.

Even after pulling out its HQ2 from Long Island City, the company tells GlobeSt.com nonetheless it has invested more than $4 billion in New York from 2010 to 2018.

At 35, Michael Kazmierski is the youngest person in the New York real estate firm's more than 100-year history to hold this position.