Construction of 120 Frontage Road is expected to be completed later this year. The new warehouse will offer a 36-foot clear ceiling height, 19 loading dock doors, one drive-in door and 46 parking spaces.
The $165.5 million purchase price is a high number because Park Tower is one of the larger towers in downtown, but on a price per square basis, it was actually lower than the last class-A building sold, 400 Capital Mall.
Sheppard Mullin opened the Dallas office in 2018–the firm's 11th US location and 15th global–with 18 attorneys, and since then, the office has nearly doubled the number of attorneys at Chase Tower.
MacKay joined Cushman & Wakefield's board of directors in 2018. She was most recently a senior advisor to iStar, a New York City-based investment REIT that finances, invests in and develops real estate and real estate related projects.
The restructuring program includes a reorganization and simplification of its field operations, significant reduction in management positions across the business and outsourcing of several functions.
Wagamama has opened up another location in Midtown at 100 W 55th St. as part of its plan to open more locations across the Northeast in markets such as Washington, D.C.
More than 70% of single-tenant net lease transactions were priced less than $10 million last year, says Josh Campbell, senior vice president at Stan Johnson Company, in this EXCLUSIVE.