Leasing

Draper and Kramer Inc. celebrated the topping off last week of its new 24-story, 275-unit apartment tower at 2111 S. Wabash Ave.

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.

Life science is among the fastest growth sectors in the nation, positioning the market for strong growth.

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.

The REIT has renewed its 400,000 square-foot-lease with Perishing, LLC, a subsidiary of The Bank of New York Mellon, at 95 Columbus in Jersey City.

The deal with Sterling Bay increases Convene's total Chicago footprint to nearly 425,000 square feet.