Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
The four-story 139,431-square-foot building, estimated to cost approximately $56.3 million to complete, will be built on the southwest corner of Clark Avenue and 1st Street on a one-acre parcel.
The acquisition will add 300 highly skilled technology experts—many recruited, trained and certified through ValuD's unique university partnerships—to JLL's specialized technology solutions team around the world.
Netflix also signed a coterminous lease extension for 325,757 square feet of office space at Hudson Pacific's ICON and 91,953 square feet of office space at the firm's CUE office buildings.
“Jay Kislak was a leader and innovator in business and philanthropy," says Tom Bartelmo, president and CEO, The Kislak Organization. "He saw attributes in people and opportunities in life that many people did not see. "
The portfolio includes 23 properties in Missouri, 10 in California, six in Arkansas and two in Nevada, all of which represents nearly the entirety of the company's operational real estate.