“The strength of the Hoboken rental market continues to attract aggressive capital,” HFF's Steve Simonelli says, because of the potential for upside in rent rates.
The 112,000-square-foot Pacific Pearl Shopping Center is already 90% leased and opened, located off of Interstate 580 at 2693 Stoneridge Dr., across the street from the San Francisco Premium Outlets.
Wilson says here is a high likelihood of a recession within the next few years, and e-commerce demand should help insulate multi-tenant industrial from economic cycle factors more than other asset types.
The hospital is nearing completion on a $650 million renovation and expansion to drive the latest technology and procedures, and provide for the growing healthcare needs in the Houston region.
Investors are drawn to industrial properties such as the Northgate Business Park, significant due to its location in the North Dallas/Garland submarket, an established, strong and stable area in high demand.
The 16 industrial and warehouse properties that comprise the industrial portfolio collectively total nearly 3 million square feet across Washington, Nevada, California and Arizona in seven markets.
The 10-year lease deal with FMCG Direct, a Deluxe Financial Services Co., involves a total of 21,229 square feet encompassing the entire 37th floor of the 1.1-million-square-foot tower.