"Liberty has successfully executed on our strategy to reallocate capital from office to our growing industrial business," says Mike Hagan, Liberty's chief investment officer.
McCarthy recently completed a build-out of the ninth floor of the Jan and Dan Duncan Neurological Research Institute, which includes approximately 23,000 square feet of new lab space.
In a market with strong fundamentals and investor demand, a multifamily acquisition represents a unique opportunity for a private investor to exchange into a core property with long-term value potential.
Indeed will lease approximately 200,000 square feet on 10 contiguous floors in the 38-story 686,000-square-foot class-A office tower located in the central business district with a slated completion of July 2019.
The latest properties will comprise the site of the DFW Park 161 master-planned project, encompassing four global e-commerce hubs known as Logistic Centers 8, 9, 10 and 11 with more than 2.4 million square feet.
When examining vacancies and rents in the nearby markets of Kirkland, Bellevue and Redmond, it is only logical that Bothell will continue with healthy absorption, decreasing vacancies and rent growth.
Robinson said at this point of the business cycle, clients are focusing on how to get more yield, with roughly 18 to 20% in the traditional value-add category and 6% in open-end funds with an appetite for yield.