16 Law Drive provided the ideal opportunity to meet JEEN International's current space needs while offering substantial opportunities to renovate the property to suit long-term requirements.
The survey, which gauges year-to-date store performance and checks in on the latest technology trends, generated the strongest numbers in its seven-year history.
“Tenants will find great value in the impressive, long-term energy economics, highly reliable infrastructure, Ascent's personalized, around-the-clock support, secure location and enterprise-grade data center,” says Phil Horstmann, CEO of Ascent.
“At just 4.1%, the Greater Philadelphia vacancy rate is considered 'typical' by local standards at the peak of a construction boom highly concentrated within Center City,” says Gebroe-Hammer's Eli Rosen.
A multifamily project under construction nearby will bring in additional young professionals and other consumers to the center, says Cushman & Wakefield's Andy Merin.
“1375 Peachtree is a truly unique property and we're very excited to transform it into an office asset with modern, state-of-the-art amenities," says Jerry Banks, managing director for the Atlanta region at Dilweg.
"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.