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ArchCare and GRACE Communications Foundation have both signed on for an additional 10 years, leasing a total of 40,000 square feet at the Murray Hill building.
As industrial properties continue to be all the rage, Innovo Property Group and Square Mile Capital are buying and modernizing another distribution center—this time in Queens.
Toll, who is 77, will remain a member of the board of directors, will serve as a special advisor to the company, and will be honored with the lifetime title of chairman emeritus of the board.
The latest construction industry report optimistically indicates continued growth but also realistically lays out areas where activity is projected to slow down.