The opportunity to acquire an airport-peripheral office campus within a diverse economy was compelling and Capital Commercial executed the acquisition well, given the unusual economic circumstances.
The economic impact of COVID-19 altered market conditions so drastically that it became a buyer's market seemingly overnight. Uncertainty and consumer fears are, for the time being, driving opportunities, and savvy investors are well positioned to take advantage.
David Greensfelder, managing principal of Greensfelder Commercial Real Estate, recently discussed how retailers can ride out the downturn and come out the other side.
The researchers with Jones Lang LaSalle predicted the pandemic "may change the appeal of working alongside strangers, and in unassigned seats in any office environment, at least in the short term."
SKB says the 378,300-square-foot investment aligns with where companies are headed in a post COVID-19 world in terms of re-evaluating risks and seeking ways to benefit.
The number one question from owners is 'how do I get my vacancies leased?' This becomes more important than ever during a downturn or in the financial crisis 12 years ago.