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Its acquisition of GE Capital's Energy Financial Services' Project Finance Debt Business is part of the REIT's push to be a “multi-cylinder finance company.”
Such is the demand among large tenants for space—especially close to Caltrain or BART—that Bay Meadows developers revised plans for the last two buildings to add 167,000 square feet to the initial 200,000 total.
The local job market and Seattle's appeal to Millennials are the two pillars that will continue to support the extraordinary demand for rental housing in one of the most active US multifamily markets.
Sitex will renovate the property's interior and exterior – as it has dozens of other properties in the area – improving functionality and aesthetics to appeal to corporate occupiers.