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The two-story 65,000-square-foot building will be anchored by Spine Team Texas, one of the largest spine specialist practices in the metroplex, as well as a variety of clinics for Texas Health Resources.
The CAC includes a host of political, civic and business leaders in Queens and elsewhere in the city, many who have expressed support for the project that is expected to involve $4 billion in investment by Amazon and the creation of 25,000 to 40,000 new jobs.
Seattle and Bellevue are experiencing sub-6% vacancy rates, along with falling and record lease rates, while the average cost of space in the Southend market is 39% to 43% below Eastside and Seattle full-service rents.
Guardian Life Insurance Co. of America acquires the equity interest in Lowe Enterprise Investors, and senior management retains a 20% stake in the company.
CBS will also retain office space for CBS Studios International's US headquarters and other company departments currently housed on the Television City site.