“This was an opportunity to acquire a fully leased building in a very tight, Exit 8A submarket that has seen significant rental rate growth in the last 24-36 months,” says Evan Lippow, vice president of investments at CenterPoint.
That was the big question when we sat down with Daniel Purdy, VP of leasing at Dart Real Estate a few weeks ago here in the Cayman Islands. The answer might surprise you.
A 445,000-square-foot lease by Analog Devices brings the 1.7-million-square-foot Santa Clara Square to 91% leased, and comes two weeks after Hitachi Vantara announced a 222,500-square-foot lease.
Institutional Property Advisors, a division of Marcus & Millichap, just helped complete the sale of Marketplace at Four Corners, a 525,708-square-foot shopping center in Aurora, OH.