The JV is acquiring the top half of the 251,000-square foot building.

One reason is that senior housing is becoming a more mainstream investment segment, JLL says.

The Chicago-based industrial real estate firm states it has commenced phase one of the development, which includes construction of a 555,840-square-foot state-of-the-art logistics center.

Tech companies are constantly competing for talent and working to stay on top of trends, therefore creating a demand for flexible workspace such as Mindspace, which opened its second US location here.