“The relocation and extension of the PBS lease is also indicative of our plan to retain and attract diverse industries to National Landing, including associations and non-profits.”
Burlingame Point, an approximately 803,000-square-foot office campus currently under construction, has finalized an agreement with Facebook to lease the entire project.
“This is a stabilized office investment property with zero vacancy, occupied by strong credit tenants with long-term leases,” says John Abuja, IPA senior director.
“Although the financial markets were highly unpredictable, commercial real estate performed the way it has for most of the past several years – with steady growth supported by strong fundamentals,” says Jason Wolf, founder and managing principal of WCRE.
The acquisition continues "our strategy to acquire and hold high-demand industrial properties in the region,” says Peter Corcoran, vice president of leasing and development for Liberty's New Jersey office.
The British publication, The Week magazine, along with a communications consulting firm signed leases with Marx Realty in the Midtown Grand Central submarket at 155 E. 44th St.
One real estate legal expert says with this largest-ever real estate fund and the private equity group's wide range of expertise, everything is fair game.