Leasing

Constructed in 1987, Morristown North Commerce Center is a two-story property that spans 14 acres. It currently has 32,997 square feet of office/lab/cleanroom space and 14,322 square feet of office space available for lease.

Rents in Redondo Beach have increased nearly $200 on average since the beginning of the year.

To net lease investors, discount dollar stores offer passive cash flow, thanks to long-term leases (averaging 10-15 years) and credit-worthy tenants.

The 12-year lease will commence in April 2020 upon renovations to the 270,000SF space.

KBS is launching a spec suite program as part of the renovation of its Union Bank Plaza in Downtown Los Angeles.

The San Diego-based flexible workplace provider is entering the Philadelphia market and will occupy two floors at the recently renovated 850,000-square-foot office building.

The bank has signed a long-term lease for 63,000 square feet and will shift its corporate headquarters operations from 169 Miracle Mile to The Plaza at Coral Gables South Tower at 3011 Ponce de Leon Blvd. in 2022.

The company partnered with the Bahrain-based asset manager to acquire 6 private-pay senior living communities in California, Washington and Michigan.