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Pollack Shores said the move fits within the firm's broader growth strategy, with Home at the Battery and several other assets recently hitting key benchmarks.
A quality ownership structure led to a financing process that attracted a variety of domestic and foreign capital providers, including PGIM which ultimately won out with aggressive terms and rent control knowledge.
Recent manufacturing deals solidify the presence of two Euro-based corporations in America's heartland. Impending trade restrictions and tariffs helped seal the deals, but it was the inherent strength of the Chicago metro industrial market that sealed the deals.
The national retail chain is renting 35,000 square feet for another small-format store—this one at the base of a luxury residential tower under construction on the Upper West Side.
The training center has added approximately 42,000 square feet, more than double the size of the existing high bay facility, to include space for additional flight simulators, a demo room and classrooms.