Commercial real estate instant insights for powerful business research, trends, and extensive education and information on CRE markets, practices, industries and sectors
Become a GlobeSt influencer! Learn about our latest recognition opportunities highlighting the individuals, firms and teams changing the commercial real estate landscape.
Premier commercial real estate news, analysis, trends and information for commercial real estate professionals covering office, industrial, apartments (multifamily), hotel, healthcare, student housing and net lease CRE sectors.
The campus is located at 10200 Bellaire Blvd. in the Westchase District, just west of the intersection of Bellaire Boulevard and Sam Houston Tollway, and was built in 1979 with upgrades occurring in 2013.
Berkadia officials note the greater population of Gainesville is forecast to grow 4.6% by 2022, reaching almost 300,000 residents, and point out that approximately 35% of metro Gainesville's residents are in the prime renter age group of 18-35 years old.
When it acquired the 405,000-square foot building last year the company vowed to launch an aggressive leasing initiative once the improvements were complete.
Despite the additional costs that consumers will pay now for online merchandise, the concept and culture of e-commerce is so baked in that South Dakota v. Wayfair will not be a game changer.
"Strong demand for industrial space in the Suburban Essex submarket and high occupancy at the portfolio made this an ideal time to sell this asset,” says Stephen Cassidy, president of Denholtz Associates.
An example of neighborhood retail demand is the Mid Valley Shopping Center, a 62,480-square-foot Safeway-anchored multi-tenant center, which was recently acquired from the original developer family.