Multiple published reports state that Primark has signed a lease deal for just over 34,000 square feet at Fashion District Philadelphia, which is owned by a joint venture of PREIT an Macerich.
The company's Denver office is located at 1801 California St. The company's new North American headquarters will be housed at its existing Chicago office at 250 South Wacker Drive. Functional support roles currently housed in several offices around the country will now be based in Milwaukee.
UNIQLO, a Japanese clothing designer and manufacturer, has signed a lease at Bridge Point 78 and will be one of the largest tenants in its six-warehouse, 3.85 million-square-foot complex.
The developers recently launched vertical construction on the 26-acre redevelopment project and also marked the completion of 200,000 square feet of leasing at the project.
"New Jersey is extremely vulnerable to the impacts of sea-level rise and global warming, and today's Executive Order outlines a bold and comprehensive set of actions to ensure that our communities and infrastructure are more resilient against future storms," Gov. Murphy said.
JLL, which arranged the financing deals for the borrower, reports that Novel Property Ventures secured a $96.36-million senior loan through an international bank and a $21.5-million mezzanine loan through J.P. Morgan Asset Management.
According to a third quarter report on the office market in Broward County by commercial brokerage firm CBRE, the overall vacancy rate for the region fell 40 basis points from the second quarter and 210 basis points from a year earlier to 9.3% at the end of the third quarter of 2019.
Eugene Lee, Knotel's chief investment officer and global head of real estate, says the firm is seeing strong customer demand in Boston expects the firm to have "many more buildings (in Boston) in 2020."