With the acquisition, Marquee Brands will diversify its women's fashion division and add scale to its directly managed e-commerce platform. Marquee Brands currently operates across women's fashion, men's fashion, active & outdoor and home & food divisions.
Overall, Chicago recorded 854,255 square feet of law firm transactions from the third quarter of 2019 through the second quarter of 2019, up from 702,971 square feet the year prior.
An auction for the assets of Destination Maternity is scheduled to take place on Dec. 9, 2019. The deadline to submit qualified bids is Dec. 5, 2019, and the company expects to seek court approval of the winning bid on Dec. 12.
The transaction was executed at an approximate 7.86% initial capitalization rate with rents of $34.2 million and a weighted average remaining lease term of 8.7 years.
Karlin Conklin, an outspoken advocate on the importance of C-suite diversity, notes that females in principal and director roles in this industry are not the norm, but comprise more than half of IMG staff.
As managing director of investor services, Wollan intends to capitalize on technologies and data analytics capabilities, the shift toward more agile workplaces and the macro trends driving urbanization.
Arch REHC's focus is to channel private investment capital into multiple Puerto Rican opportunity zones with a "consistent theme of affordable housing, sustainable and reliable residential energy, and reduced occupancy costs.