Such is the demand among large tenants for space—especially close to Caltrain or BART—that Bay Meadows developers revised plans for the last two buildings to add 167,000 square feet to the initial 200,000 total.
Sitex will renovate the property's interior and exterior – as it has dozens of other properties in the area – improving functionality and aesthetics to appeal to corporate occupiers.
The downtown Fort Worth market is strong and now that the Petroleum Building is part of Sundance Square's portfolio, the demand for this property will also be high, given that no new construction began in Q2.
New York City and Los Angeles can expect more residential apartment buildings, as another international team focuses in on the desirability of their locations.
Market Park San Jose, the $2.5 billion 120-acre mixed-use development, is rapidly taking shape to fill the retail void and will be the largest transit-oriented development in Silicon Valley when completed.
“Park Place provides a rare opportunity to own in one of metro Atlanta's most exclusive and high-barrier suburbs,” says Cushman & Wakefield's Nathan Swenson.