Tower CRE states that the launch of the new division was prompted by closing $50 million in cannabis-related retail and industrial transactions in the last 18 months with an additional $15 million in the pipeline that are expected to close by the end of this year.
The mixed-use retail and office development in the Knox-Henderson neighborhood, broke ground at the beginning of this week and signed law firm Kirkland & Ellis to anchor with 65,986 square feet of office space.
The global risk management and construction services software company has been steadily expanding its Lower Manhattan office space since 2009 when it first came to the building.
The completed transactions, most of which were classified as “net lease,” were a mix of restaurants, convenience stores/gas stations, discount stores, veterinary clinics, fitness centers and drug stores, spanning across 12 states, including seven in Pennsylvania and five in New Jersey.
In relocating to Warren Corporate Center, Everest, which is headquartered in Bermuda, is expanding the footprint of the corporate headquarters of its U.S. operations by more than 80,000 square feet.