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Liberty is adding "well-located properties" to its portfolio, says Michael Cohen, senior vice president of investments for Liberty, and expects more acquisitions in 2019 .
The new 58,000-square-foot lease includes two penthouse floors of 110 North Wacker Drive, set to be Chicago's tallest office building delivered in 30 years.
The three Trexlertown leases expand the center's offerings and provide customers with a well-rounded shopping experience, says Metro Commercial's Valerie Pettine.
Magma Equities recently completed a condominium conversion of the Slater, including five homes permanently designated as affordable housing for residents earning less than 80% of the area's median income.
It's important that opportunity zone investments are fully vetted to identify risk factors, structured in ways that advance community development and quality of life, while providing an overall benefit to investors.
The respective properties were acquired through a newly formed joint venture among a wholly-owned subsidiary of Summit, a real estate holding company, and a global institutional asset management firm. The properties will be leased back to the seller on a triple-net basis.