Daiwa House USA will acquire 60% of the equity interest in Trumark and will commit to make additional capital contributions as funding to further develop Trumark's business.

The 184,643 square-foot complex is presently 94% leased to a 38-tenant roster and has recently benefitted from common area upgrades and building improvements totaling nearly $5 million, according to Newmark Knight Frank.

The 91,431-square-foot office building sold for $30.4 million, or $332 per square foot.

Nevins, who will be the first woman to serve in the position in the PIDC's 60-year history, will take on the new post on Jan. 27 and will replace current PIDC president John Grady.