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The 1.48-million-square-foot portfolio is located in 11 states and is approximately 94% leased to the federal government and 99% leased overall.

The site is currently planned for the development of approximately 560,000 square feet of office space and is located along the pedestrian bridge to MARTA's Buckhead station adjacent to a number of dining, retail, high-rise residential and hotels properties.

With this move Amazon is investing in one of the most stable types of retail.

The 146,979-square-foot property was 65.7% leased at closing.

Weaver, in his South Florida Multifamily 2019 Forecast report, stated that the near decade of strong performance is not setting up the multifamily sector in South Florida for another crash.

The property is currently 76% occupied. Bridge Investment Group, which acquired more than 6 million square feet of space in the US in 2018, says it plans to undertake a $5-million capital improvement program at the campus.

The strong debt capital market for New York and New Jersey industrials yielded attractive terms for the refinance/credit line play.

“The building of a female-led service line of this caliber is a first in the Philadelphia Region for any commercial real estate firm,” says Naveen Jaggi, president of Retail Advisory Services and Capital Markets at JLL.