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Dermody's acquisition of Fremont Center is consistent with its strategy of acquiring value-add, functional, in-fill logistics and light manufacturing assets in tier 1 markets such as Fremont.
Driven by large renewals, sizeable new leases and substantial tenant move-ins, class-A office buildings continue to lure users looking to attract and retain employee talent, and as a result, drive up rents.
Mason Tenders renewed 40,000 square feet and Entertainment Benefits Group signed on for 12,769 square feet at GFP Real Estate's Midtown office building.
Private capital has been the most active buyer type for 2018, comprising 74% of Austin's total sales volume, followed by cross-border buyers at 14% and institutional investors of the remaining 12%.