“This is a mission critical location for World Wide Technology, which already has a significant footprint in the St. Louis market,” says Avison Young's Erik Foster.
Jeff Schotz has been involved in the leasing of more than 30 million square feet to many of the world's premier corporations, including Microsoft, CBS, Pepsi-Cola, Mutual of New York, JP Morgan Chase, Citicorp, Linde, British Telecom, Newell Brands and Ernst & Young.
“This lease renewal and expansion illustrates Chicago's position and competitive strength as a top tech market, which has helped drive the growth of companies like Walker Sands,” says JLL's Andy Strand.
It's Pearl's second hotel in the heart of Center City Philadelphia and underscores the developer's continued commitment to the transformation of the City's Parkway corridor.
The 21st Century Redevelopment Program will launch as a pilot program with a total of $250,000 in funding available in the form of grants of up to $50,000 per recipient.
The class A office space, high-lease rate, and superior leasing activity over the last 18 months made this purchase very attractive for M&J Wilkow and DRA, says JLL managing director Peter Harwood.
"Following the success of Metroplex One, we saw significant value in creating a striking and innovative ground-up development that could attract large, forward-thinking brands to the region," says Jerry Sweeney, president & CEO of Brandywine Realty Trust.