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Tech companies were the largest lessors of US office space in 2018, accounting for more than a quarter of the 311.9 million square feet of new leases, and dominating Silicon Valley at 78.1% of leased space.
A lower cost of living, higher quality of life, diverse economic make up and the state's pro-business stance have allowed Austin to remain the benefactor of significant job gains year over year, says JLL.
The fund, structured as a REIT under a 506(c) designation, is an evergreen fund focusing on 75% value-add, and 25% cash-flowing commercial real estate investments in primarily Western growth markets, including but not limited to Colorado, Utah, Texas, Arizona, New Mexico and California.
The Greenleaf Center Portfolio consists of 13 medical office buildings clustered around a high traffic intersection within the Chicago metropolitan area. The buildings total 197,385 rentable square feet and were 93% leased at the time of sale.
Bleznak has represented some of the premier names in the retail industry including Whole Foods, CVS, Wawa, BJ's Restaurant Group, California Pizza Kitchen, Redstone American Grill, Lululemon, Dave & Buster's, A.C. Moore and Citizens Bank.
Core Acquisitions sees Ten Parkway North as a classic value-add opportunity: the building hasn't been updated in nearly 20 years, and it can be renovated and repositioned as a competitive alternative in the class A North Suburban marketplace, says Core's Bradley Joseph.