The Southern Park Mall, which is adjacent to DeBartolo Commons, is also undergoing some improvements that will include a new entertainment hub that will feature a 37,000-square-foot indoor golf entertainment center, additional entertainment uses and new food and beverage offerings.

The firm's "Bell Works" project, a 2 -million-square-foot redevelopment of the former Bell Labs' complex, reached a significant milestone with the latest lease deals—roughly 1 million square feet of office space at the complex is now leased.

"The National Apartment Association (NAA) can unequivocally say we are opposed to rent control."

The firm sold the two properties after expanding into new facilities, according to Newmark Knight Frank, which represented the seller in the transaction.