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Following the county's move-out, URG will embark on a complete renovation of the fully vacant building including a lobby with cafe, upgraded elevators, HVAC system, plumbing, electrical and storefront glass.
The strong leasing momentum is a direct result of the comprehensive capital improvement program Accesso completed at 2626 Cole, an important catalyst that has brought total occupancy to 95%.
Citing red flag concerns, PG&E will begin shutting off the power to communities in several stages today, depending on wind conditions, starting with counties in the northern part of the state.
The 184,000-square-foot mixed-use property sits on the southeast corner of East 48th Street and Fifth Avenue in Manhattan and is the firm's largest transaction to date.
The 230,000-square-foot office property at 25 Vreeland Road was acquired by ACG, according to Colliers International Group, Inc., which represented both the buyer and the seller in the transaction.