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At the NAR conference, Ken Rosen said the current trade war with China is having an impact, along with a number of tech companies showing revenue but no profits, manufacturing in decline and many countries in recession.
The firm, which employs approximately 850 total team members is leasing the entire 48,604-square-foot. MPC-25B, located at 10600 Marks Way, which will provide Space Coast Credit Union space for future staffing expansion in its southern markets.
If a deal is consummated, it would likely be the largest leveraged buyout in history as Walgreens Boots has a market value of approximately $56 billion and has nearly $17 billion of debt.
The six-story hotel will sit on 6.8 acres and feature a 25,000-square-foot conference center with a ballroom, full-service restaurant and bar, and a rooftop lounge area.