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The expanded incentive program will include Bridgeton, Jersey City, Millville, Mt. Holly, Phillipsburg, Plainfield, Salem, and Vineland.

The fund's first round closed with $450 million from a third party investor and $100 million from Nuveen's parent company, TIAA.

A long-term lease commitment from the University of Kansas Health System spurred the sale.

“Both parties were able to recognize the potential for a win/win scenario in the transaction,” says CBRE's Michael Curran, “one that expands Linlo's growing office ownership portfolio, while at the same time providing flexibility to Members 1st in planning for their continued growth.”

The portfolio that changed hands included seven properties in Alabama; five properties in Pensacola, FL; three properties across Tennessee and one 200-unit property in Pascagoula, MS; one 203-unit property in Winston-Salem, NC and one 223-unit property in Houston.

The credit rating agency had left this space to move into 95,000 square feet subleasing from the Meredith Corporation last May.