Leasing

The firm plans to reposition the 65,078-square-foot, office property and has selected Cushman & Wakefield as its leasing partner.

Many are predicting an urban exodus, but the most recent migration patterns show an increase in moves to dense urban markets.

The pandemic's immediate impact on office environments is relatively clear. But figuring out what happens next is tricky.

The national office vacancy rate jumped by 10 basis points to 17.1%. REIS forecasts that the national office vacancy rate will rise to 19.3% by year-end and peak at around 20% in 2021.

The DFW retail outlook for the remainder of 2020 calls for a decrease in occupancy, which should be mitigated in part due to extremely conservative new construction, but the market continues to generate the type of population and residential growth that boosts retail.

B and C buildings tend to be occupied by small businesses less likely to recover from the economic impact of the health crisis but those owners have an unprecedented opportunity, says Mark Hefner.

The financing, arranged by Cushman & Wakefield, will be used to develop Logan North Industrial Park's first two properties, comprising 1.3 million square feet.

The landlord company has secured a tenant for the multi-tenanted, Medley 104 industrial center, following a $6.5 million renovation.