Leasing

Mid-States Distributing Company Inc. will relocate its corporate headquarters from Minneapolis to the Mercantile Center, in a building that is formerly the home of the American Paint Horse Association.

CAM Integrated Solutions LLC recently signed a new lease for 59,220 square feet at 17000 Katy Freeway within the Park Ten Office Park that will serve as the corporate headquarters location for the firm.

The Airpark submarket has 59,132 employees, more than 43 million square feet of buildings and 3,233 companies.

The property is a 70-story residential tower in Chicago's Streeterville neighborhood—and the city's first high-rise designed by Robert A.M. Stern Architects.

“Tenants with dual locations in the suburbs and downtown has been a major trend,” says Savills' Robert Sevim.

“There is a paradigm shift taking place in the real estate industry to address the traditional limitations of space, and companies of all sizes are looking for innovative solutions to support their employees, growth and business,” says WeWork's Wojciechowski.

The location, near FedEx and UPS hubs, coupled with a Hendricks County 10-year tax abatement, will provide exceptional advantages for logistics users, says Curran Darling, DRG's senior vice president.

As the second largest redevelopment underway in PREIT's portfolio, Woodland Mall is expected to deliver nearly 20% NOI growth in 2020.