Over a four-year holding period, the Mountain/PCCP joint venture nearly doubled the building's occupancy to 95 percent at the time of the sale.

The new development will set the tone for future projects in the Chosewood Park neighborhood.

Encore Capital Group has leased 100,000 square feet at Ampersand, the new 340,000-square-foot creative office build in the former Union-Tribune building.

This strong pace of hiring has underpinned tenant demand for quality space, such as M-M Properties' signing of another law firm, Touchstone Bernays, at the Comerica Bank Tower at 1717 Main St.