WeWork signs lease for Piedmont’s Class A trophy tower in Orlando – CRE Herald

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WeWork signs lease for Piedmont’s Class A trophy tower in Orlando – CRE Herald .

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35 CambridgePark Drive is 100% leased to five life science tenants composed of both established large-cap and emerging biopharmaceutical companies, with a weighted average lease term of over 10 years and weighted average lease escalators of 3.0%. The year one cash and GAAP capitalization rates are 4.8% and 5.7%, respectively.

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WeWork signs lease for Piedmont’s Class A trophy tower in Orlando – CRE Herald : CommercialRealEstate /r/CommercialRealEstate – Leasing and Sales of Retail, Office, Multi-Unit Residential, Industrial Properties and Land.

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SEE ALSO : WeWork signs lease for Piedmont’s Class A trophy tower in Orlando Management Team and Partners ARK will initially deploy $2.9bn in total equity capital following its combination with WeWork Property Advisors.

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Tishman Speyer announced that AllianceBernstein, global investment management firm, will lease 189,000 square feet at The Spiral, the 65-story office tower under development at 66 Hudson Boulevard in Manhattan. Beginning in January 2025, the prominent financial services firm will occupy floors 25 through 28 under a 20-year lease agreement.