Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
Barings and Bank OZK provided $100 million for the office building project. The equity was provided by MBR, LLC, an affiliate of The Allen Morris Company and ICM Asset Management, Inc. of Calgary. Holliday Fenoglio Fowler, L.P. arranged the transaction.
According to its best and final offer submitted to JEA, the Ryan Cos. project at 325 West Adams St. will cost approximately $72.2 million to construct. The building will total 207,810 square feet, including a 6,340-square-foot rooftop outdoor patio.
The new 24,000-square-foot retail center at Mission Park will add a variety of retail and food/beverage offerings and help round out the eventual mixed-use development at the 46-acre office campus.
The live-work-play environment, the Realm, will include 1.5 million square feet of multifamily, retail, office, restaurant and entertainment space, along with an extensive outdoor entertainment area.
Clarion Partners and LPC West have acquired 215 Fremont, an eight-story office building with multiple roof decks and 45,000-square-foot floorplates within its approximately 360,000 square feet.