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"It could've been very easy for them to throw their hands up and decide that it wasn't a good time or it wasn't the right time and be able to back out of that deal," said Eric Wojak, development director for TTRG.
Illinois Gov. JB Pritzker, Michigan Gov. Gretchen Whitmer, Ohio Gov. Mike DeWine, Wisconsin Gov. Tony Evers, Minnesota Gov. Tim Walz, Indiana Gov. Eric Holcomb and Kentucky Gov. Andy Beshear jointly announced the COVID-19 partnership.
The deal involves the purchase of the nine-building Shadeland Commerce Center that totals 1.7 million square feet as well as a 353,000-square-foot building.
The contract award with joint venture partners Byrd Retail Group of New York City, includes more than 7,500 square feet of expanded retail space inside Newark International Airport.
The firm, the student housing investment and development division of Chicago-based CA Ventures, will open the student housing communities that total more than 3,000 beds in Florida, Indiana, Illinois, Iowa, Ohio and Pennsylvania.