The 20-year-old tower is 65% leased, with rents 45% lower than the new Hines tower next door.

Brook Farm Group aims to meet sector demand by creating communities throughout the Sunbelt and Mountain states.

The firm procured the loan to finance a 23-building, fully-leased industrial portfolio located in the Mid-Atlantic region.

Not since before the pandemic has inventory risen YoY, Redfin reported.