News: Front Section
Posted: January 12, 2012
Jones Lang LaSalle closes $35 million sale of FAA Building to Federal Partners
Jones Lang LaSalle's Capital Markets team has closed the $35.25 million sale of the Class A office property known as the FAA Building on behalf of Unico Properties and an institutional joint venture partner. Federal Partners, a firm focused on acquiring U.S. Federal Government-leased office buildings around the continental U.S., purchased the 199,168 s/f property which is 100% leased to the Federal Aviation Administration through July 2015. Federal Partners has retained Unico to manage the property.
Leading the Jones Lang LaSalle team on this transaction were managing director Michel Seifer and senior vice president Rob Hielscher. Senior vice president Marcy Owens Test, who is part of Jones Lang LaSalle's Government Investor Services (GIS) team, also assisted in the transaction.
Tags:
Front Section
MORE FROM Front Section
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
Columns and Thought Leadership
Four tips for a smooth 1031 Exchange - by Bill Lopriore
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
Make PR pop by highlighting unique angles - by Stanley Hurwitz
Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.