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CHICAGO—The automotive company moved to Oakbrook Terrace from a warehouse building in Aurora, which it recently sold in a $25M sale-leaseback transaction.
PARSIPPANY, NJ—In response to the tightening market, landlords are continuing to add significant amenities and conveniences, which are now considered, in many cases, necessities.
VIENNA, VA—REITs in the office sector are trading at a deeper discount to the median present net asset value for real estate trusts in general, suggesting low expectations going into Q2 earnings season.
BOSTON—German investment has been strong in Boston. In May, Deka Immobilien acquired 175 Federal St., a 17-story, 227-365-square-foot office building, also known as the Fiduciary Trust Co. building, for $139 million from Blackstone.
EAST HUNTINGTON TOWNSHIP, PA—The new build-to-suit consolidates the operations of five existing area locations into one efficient facility. The long-term net lease includes contractual annual increases and provides for future expansion.
WASHINGTON, DC—Al Sraiya and Qatari Diar are illustrative of the latest wave of foreign investors seeking out opportunities in the Washington, DC area.