Globest Sectors

The purchase includes five flex/industrial and office buildings located in the Chantilly, Va., business park.

Hennessey served for more than a decade at Community Investment Strategies of Lawrenceville, NJ as project coordinator where she had direct involvement in the development, construction and management of more than 2,000 affordable homes throughout New Jersey.

“CIG has traditionally focused on residential assets and has recently expanded its' investment criteria to include office properties,” says Gershon Alexander, principal of PAG Investments. “This acquisition will mark a foray into the office sector.”

The San Diego-based firm plans to occupy a total of 30,783 square feet encompassing the entire second and third floors of the 38-story tower building in the latter part of the first quarter of 2020.

Equus Capital Partners also announced on Thursday that an affiliate acquired a four-building office portfolio totaling 299,614 square-feet in Aurora and Denver, CO.

In this <b>EXCLUSIVE</b>, David Diggs says the entire industry is changing because of technology, i.e., everything is increasingly digital, which is becoming an expectation among stakeholders and customers.

Select suburban markets with strong job growth are seeing strong increases in investment activity.

The company is building the first two data centers on its campus in the Phoenix suburb of Goodyear, Arizona.