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Class A vacancy in the suburban region remained flat at 22.3%, however the vacancy rate in high quality, trophy assets in the suburban office market ended the third quarter at 16.6%, down 170 basis points from the same time period in 2017.
Andrew Gross discusses how the Dallas mayor's plan to make downtown Dallas more livable coupled with the 500% population growth impacts retail, STNL, shopping centers and multifamily investments in this EXCLUSIVE.
The buyer was Stockbridge, on behalf of the firm's Value Fund III, a closed-end, value-add vehicle and the seller was a partnership between Republic Urban Properties LLC and The Core Companies.
The facility in Channahon will employ approximately 500 new full-time workers. The Seattle-based e-commerce giant currently has a workforce of approximately 11,000 in Illinois.
According to a report released by Cushman & Wakefield, third-quarter leasing activity totaled 25.9 million square feet, nearly half of which was concentrated in the Interstate 55 and Interstate 80 corridors, as well as southeast Wisconsin.