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Cushman & Wakefield continues to market the remaining approximately 845,000 square feet at the 230-acre site, which represents one of the largest blocks of available modern warehouse space in the New Jersey and Northern Pennsylvania markets.
The Catalina community is part of the El Camino Real specific plan that the city of Santa Clara approved in 2019, which is transforming the area from a series of automobile-oriented strip malls to a transit-oriented corridor.
When it comes to companies moving to the Southwest Austin area, there is a healthy mix of technology, creative and professional firms, and this development fulfills the needs of a full building user or full-floor tenants looking for larger floorplates.
After an exhaustive search, subsequent digging led to an off-market opportunity in Sterling Plaza, a 102,292-square-foot class-B office building located at 10101 Southwest Fwy. that sold to Tristar Alliance Properties.
The New York Department of State has issued new guidance that will end tenant-paid rental commissions for landlords who retain a real estate agent. It has caused an uproar from the local real estate industry, who'll look to pursue legal action and say the legislation will hurt tenants more than help them.