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Office investment has picked up this year thanks in large part to the $200 billion in capital allocated for commercial real estate investment in 2019 alone.
West Seventh District/Fort Worth Cultural District submarket has performed well during this economic cycle with vacancy remaining well below the metro average, due in part to its location and accessibility.
Once thought of as co-working offices, now more often referred to as flexible space, for H1 2019 this sector has reached 8.5% of leasing activity nationwide, according to CBRE's latest research.
Harf joined Stan Johnson Co. of Tulsa, OK in October 2011 and has been focused on the sale of net lease assets, working with some of the nation's most respected and trusted institutions, private equity managers and merchant developers.
The Cleveland-based privately-held real estate investment management firm, is the new owner of the 417,513-square-foot complex that is currently 87% leased to nine tenants with a weighted average lease term of five to seven years.
Harbor, which is headquartered in Norfolk, VA and has offices in New York City, Baltimore and Israel, closed on the sale on the 100,700-square-foot three story office building on July 25, according to commercial brokerage firm CBRE.
True believers and detractors are watching the flexible office space provider, following its obtaining a loan facility that would bolster its initial public offering.