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The property is located in the Saint Paul Opportunity Zone segment and when completed Waterford Bay will be one of the first Opportunity Zone projects in St. Paul.
The San Diego-based flexible workplace provider is entering the Philadelphia market and will occupy two floors at the recently renovated 850,000-square-foot office building.
1001 Durham Ave. offers an opportunity to upgrade the property to reposition and lease-up as a single-tenant or a multi-tenant office building or be a redeveloped into an industrial facility.
The new “TurnKey” program combines Realogy's real estate expertise across its brands, including Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, ERA and Sotheby's International Realty, with Amazon's Home Services and smart home products.
“The market choppiness that we have seen throughout the year continued in June, with home sales once again lagging previous-year numbers and sellers struggling to provide the number of homes consumers want,” said Ed Neaves, president-elect of Illinois Realtors.
The bank has signed a long-term lease for 63,000 square feet and will shift its corporate headquarters operations from 169 Miracle Mile to The Plaza at Coral Gables South Tower at 3011 Ponce de Leon Blvd. in 2022.