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The resurgence of the North San Mateo County market, particularly due to the explosion in life science demand, coupled with YouTube's expanding footprint in San Bruno and the resulting nosediving vacancy rate were key factors.
Home security firm ADT has five years remaining on its lease at the property that is situated on 10 acres of land adjoining the golf course the Old Course at Broken Sound.
The Downtown L.A. renaissance is maturing, and the Downtown Central Business Improvement District, which has been integral in the market's growth, is turning its attention to office.
Colliers International experts say Manhattan office leasing is going strong in the first half of the year, but seven million square feet of space will be entering the market.
“Tyler's extensive knowledge and expertise will help this team continue to be one of the top office tenant representation groups in Atlanta,” says John O'Neill, regional managing principal of Cushman & Wakefield's Atlanta office.
The joint venture purchased the 522,000-square-foot office building from PGIM Real Estate. No purchase price was disclosed. Square Mile Capital Management LLC originated the financing for the deal.
In the coming years, 939 Ellis Street, recently purchased for $49 million, is poised to enjoy the benefits of what is currently San Francisco's most transformative neighborhood, the Van Ness Corridor.
The latest tenant, Unisys Corporation, is part of the exclusive list of Harwood District tenants in Saint Ann Court, which opened in 2009 and is the sixth out of 18 phases planned by Harwood International.