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Financial terms of the transaction were not disclosed for the complex that for decades served as the headquarters for McDonald's until the firm's relocation last year to approximately 470,000 square feet of space at Sterling Bay's 1045 W. Randolph St. in Downtown Chicago.
Fueled by increasing affordability challenges and an expanding demographic of renters, coliving's expansion has passed the early stages and it is a fully fledged niche asset class in cities such as Dallas.
The recently sold 81,660-square-foot creative office and adaptive-reuse project fully leased to H-E-B is located amid the trendy East Austin neighborhood.
With an estimated completion in fourth quarter 2020, One Esterra Park will offer 245,000 square feet of class-A office space in a six-story building designed with technology tenants in mind.
"The new amenities and green infrastructure features help to reverse decades of neglect and ensure a brighter future for the Bronx," says Lieutenant Governor Kathy Hochul.