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NEW YORK CITY—Following an extensive renovation and the securing of TAMI tenants, the private equity firm could more than triple its initial investment in the asset, made back in 2011.
ISELIN, NJ—BASF Corp. is leasing almost 60,000 square feet at 33 Wood Avenue South, a class A, 137,400-square-foot office building owned by Metro Park Associates LLC. Jones Lang LaSalle brokered the lease for the chemical company, which is consolidating from two other locations.
MALVERN, PA—Greydon (Greydie) Sargent III, a Prologis construction executive, has been named senior vice president of construction and development for Liberty Property Trust's Southeastern Pennsylvania region.
FORT WORTH--Majestic Realty Co. has made two key additions to its Fort Worth office. The firm has hired Kerby Smith as senior vice president of development and Josh Wheeler as vice president, director of development.
PHOENIX—No stranger in representing multifamily and land opportunities, Chip Kloppenburg and John Trujillo with Sperry Van Ness in Phoenix are ready to make their own landmark at 5252 S. 36th St. in Phoenix. They are representing the seller.