Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
The company, founded in 2002, is currently headquartered in Lawrenceville, GA. Brightree, which is a subsidiary of ResMed, has leased 60,500 square feet of former office and warehouse space at Bureau 125 Tech Park.
The two properties were sold by Aventura, FL-based ESJ Capital Partners and MG3 Developer Group of Hollywood, FL. MG3 was the developer of both charter schools.
Troy Block, two newly constructed class-A office towers, has sold to a private high net-worth family office, representing the largest single asset trade by volume in Seattle history, according to HFF.
“New ownership has the opportunity to renovate and reposition the property in the near term for additional value creation," says Marcus & Millichap's Stephen Lieberman. "Considering the current and future outlook for office space demand in downtown Evanston, ownership should prove to be successful.”
The joint venture is acquiring a class-A trophy property in Philadelphia's central business district that is one of the city's most iconic office developments.