The five-story office building is LEED Silver certified, a recipient of BOMA Building of the Year and offers tenants an outstanding amenity package, including a fitness center with locker rooms, full-service cafeteria, conference center, atrium lobby, walking trail, outdoor patio and covered parking.
The overhaul of the lobby and introduction of amenity floor with food service, conference and social space will anchor a repositioning for Conshohocken's top transit-oriented office property.
GlobeSt.com's sister publication, The Daily Business Review, is reporting that a nationwide putative class action lawsuit claims the National Association of Realtors and four leading broker franchisors of developing practices that stifle competition and allow for hiked commission prices. But the targets of the lawsuit call the allegations "baseless."
A stable and high-performing asset with significant value-add potential, the mall is the nexus of retailing activity in the eastern portion of the Kansas City metro area.
Together, Quinn and Niddes are responsible for elevating the group's promotional programs, strengthening partner relationships and increasing sales with the overarching goal of driving more visitors to Lehigh Valley.
The acquisition was partially financed with tax credits from CREA, an Indianapolis-based full-service tax syndicator that specializes in affordable housing, and loan assumptions from the city of Chicago and the Illinois Housing Development Authority.
The new agreement extends United's existing lease to 2033. Blackstone is investing more than $500 million to transform the building from the inside out.
Patrick Kearney has been responsible for the acquisition, disposition and development of more than 35 million square feet and $8.5 billion of commercial and residential property.