Andrew Chung, CEO of Innovo Property Group, in a GlobeSt.com interview explains why his company's $75 million, 700,000 square-foot Bronx logistics property is ahead of the curve.
The park will be a significant teaching tool with extensive labeling of the more than 600 trees and plants within 12 smaller gardens keyed to a variety of plant life and environmental conditions.
The value of a multi-tenant office asset, $58.75 million, created significant bidding depth and a lease for the remaining vacancy was negotiated with WeWork during the marketing process, bringing the tenancy to 100%.
Austin moved up two spots to number six on CBRE's Tech Talent Scorecard, part of its Tech Talent Report, which ranks 50 US and Canadian markets according to the ability to attract and grow tech talent.
The property features an attractive four spaces per 1,000 square feet parking ratio, a remodeled conference and training facility, a modernized deli, and a state-of-the-art fitness center.
The director of research, New York at JLL, says L&L and Normandy's acquisition reflects the insatiable demand for this type of product in Midtown South.