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Although downtown is somewhat of a late bloomer, Chatham sees the potential and acquired the 167-room Courtyard by Marriott for $49 million or approximately $293,000 per room earlier this month.
“What we found is that when you improve the comfort and well-being of the people in a building by designing a more dynamic building, they start to behave differently,” says Carmen Ferrigno, vice president of communications with Saint-Gobain.
The Highlands property was purchased with a 97% leased rate, but that percentage is expected to fall shortly to approximately 70% due to pending lease expirations, Equus Partners reports.
A Global Infrastructure Partners consortium acquired its stake in Gatwick Airport in 2009 for GBP 1.51 billion ($2.5 billion). GIP will manage the remaining 49.99% interest in the airport once the deal with VINCI Airports is finalized.
MRP Industrial plans to construct the single-story building on a site that formerly contained a Class B, 244,000-square-foot block and metal warehouse, which collapsed from structural failure after a heavy snow storm in 2016.