The 15-year lease deal will allow CarGurus, which is currently headquartered across three offices in Cambridge, MA, to consolidate those operations into one Back Bay location.
The Fairfield, NJ-based commercial and real estate development firm completely renovated the 71,300-square-foot building with a new façade with enhanced energy performance including state-of-the-art lighting, glass curtain wall and computer-controlled extremely efficient heating and cooling systems.
Commercial brokerage firm NAI James E. Hanson reports that the 8,500-square-foot vacant Howell Elementary School building was sold by the Board of Education to buyer Michael Tzezairlidis.
Woodmont Parc consists of three-story elevator buildings, garages, and a clubhouse that features a large resident lounge, game room, theater room, heated swimming pool and expansive sun deck.
With healthy demand and new supply expected to hold steady, the expectation is that DFW rent growth in 2020 should hold in line with 2019's performance and is expected to be greater than Fort Worth's.
Dallas-based Crow Holdings Industrial reports that in addition to this property, the firm currently has a five-million-square-foot development pipeline less than 18 months after commencing regional operations.