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The New York-based bank will occupy 91,181 square feet at Empire State Realty Trust's Midtown building.

The company acquired the 300-unit Class A community through a wholly-owned subsidiary and financed the acquisition utilizing a non-recourse first-mortgage loan from The Prudential Insurance Co. of America. T

With the DRI award, New Rochelle will connect its evolving and prosperous city center with the mile-long Lincoln Avenue Corridor that contains mixed-income residential housing, a newly renovated hospital, green space, a Metro North Train Station and part of the city's Arts and Cultural District.

"Elevated demand from e-commerce retailers and distributors coupled with a limited supply of land and space, has led to record high sales prices for quality industrial assets like 39 Robinson," says NAI Hanson's Andrew Somple.

Landmark believes there's a healthy market for off-campus housing close to this growing university and says the site is a rare and large urban assemblage near a light rail station that's zoned for high-rise.

Located in the heart of Perimeter Center, the hotel is surrounded by more than six million square feet of shopping, dining and entertainment.

Tenants leased 1.4 million square feet in the second quarter and have leased 7.3 million square feet in the four most recent quarters, well above the annual average.

West Campus neighborhoods achieved 5.55% average rental growth since 2010 and University of Texas at Austin student enrollment is estimated to grow by 5.4% by 2020.