Avison Young notes that the top industrial markets expected to continue to perform well into 2020 will be: California's Inland Empire, Dallas, New Jersey/New York City, Seattle, Chicago, and Miami, among others.
Leasing is underway at Alexan Webster, a seven-story 234-unit mixed-use community developed by Trammell Crow Residential and managed by Legacy, located at the northwest corner of Lake Merritt.
Commercial brokerage firm CBRE reported the transaction involved the purchase of seven buildings totaling approximately 82,000 square feet by one buyer in a sale-leaseback deal, while two other buildings that had recently been vacated by YCS were acquired by two separate purchasers.
The New York City-headquartered manufacturing firm's lease at 10-12 Horizon Blvd. will provide the company with a strategically located warehouse and distribution facility to support its showrooms and manage shipments to customers around the world.
Reed Smith's new space at Harwood No. 10 can accommodate up to 100 lawyers as the firm continues to pursue its growth strategy to create a full-service legal offering in the Dallas market.
Marquee Brands recognized the energy and evolution of the neighborhood, surrounded by the tremendous investment in the Penn Plaza, Hudson Yards and Manhattan West developments.