688,333 SF
Market Square is an iconic two-building trophy office property located on Pennsylvania Avenue. Situated halfway between the White House and U.S. Capitol, the properties are ideally positioned for quick access to the power centers of Washington D.C. Surrounding the United States Navy Memorial and facing the National Archives, Market Square offers unparalleled views of Pennsylvania Avenue and the National Mall. The properties were built in 1990 as a result of the Pennsylvania Avenue Development Corporation’s vision to redevelop Pennsylvania Avenue. Market Square was fully renovated between 2016 to 2023 and features best-in-class lobbies, fitness center, conference center, and rooftop. The properties are 1-mile from Union Station and are accessible by the Archives-Navy Memorial-Penn Quarter Metro Station that has its entrance at the foot of the property. Market Square, with its iconic freestanding design, it’s location midway between the White House and U.S. Capitol, and its world class amenities has become a hub for the government affairs divisions of many major corporations. Over 30 Fortune 500 companies have government affairs offices at Market Square.
This newly constructed state-of-the-art; 23 story Class A trophy building is located in Charlotte’s Central Business District. It provides unparalleled views of downtown Charlotte and the adjacent Bank of America Stadium, home to the Carolina Panthers. The property is part of the Legacy Union complex which is a premier urban campus featuring two other office towers. The building is a five-minute walk from the Lynx Blue Line, Charlottes Light Rail line that serves 8.8 million passengers annually. Honeywell International Inc. is a technology and manufacturing company. The company operates through four segments: Aerospace, Honeywell Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. Honeywell leases 86.75% with a 15-year term. Honeywell is a Fortune 100 industrial conglomerate with a current market capitalization of $152B and a credit rating of S&P: A.
This eleven-story, built-to-suit trophy office building is fully leased to global health care company AmerisourceBergen Corporation through 2036. AmerisourceBergen is a pharmaceutical sourcing and distribution services company focused on helping healthcare providers, pharmaceutical manufacturers, and biotech manufacturers improve patient access to products and enhance patient care. For the 2020 fiscal year, AmerisourceBergen’s revenue exceeded $189.9 billion. Conshohocken, which is home to financial, medical, healthcare, and technology companies, is a Class A neighborhood in the northwestern region of the greater Philadelphia MSA, located between the intersection of I-76 and I-476. The property resides in the SORA West Development of Conshohocken, where it is situated next to a Hilton Tapestry Hotel. This project is a NNN lease with limited landlord capex exposure.
These two trophy five-story buildings are fully leased to semiconductor and infrastructure software company Broadcom until 2037. One of the world’s largest designers, developers and manufacturers of such products, their 2019 revenues exceeded $22 billion. Orange County is one of the nation’s most sought-after live–work locations, and this corporate headquarters is ideally located in the Irvine Spectrum Corridor — at the point where I-405 and I-5 converge — in the Five Point Gateway Campus. Adjacent to City of Hope’s new cancer research facility and hospital project, it’s surrounded by more than 10,500 dwelling units, 120 retailers and 40 restaurants in the Great Park Neighborhoods. This project has an absolute NNN lease with very limited landlord capex exposure.
This tenant-tailored building serves as a business center and high-tech lab space, which houses divisions of 3M’s electrical markets and electronics materials solutions business units. 3M is an iconic, international Fortune 100 technology company that’s been in operation for more than 100 years. It holds a high investment-grade corporate credit rating from all three major U.S. ratings agencies (S&P: A+) The company has more than 14 years of its lease term on the campus remaining. Austin is ranked first out of 80 U.S. cities for its overall real estate prospects in 2020 by ULI and PwC, and boasts both a young and creative workforce and a business-friendly state government. The building itself is located within Parmer Innovation Center, a growing corporate park that houses several Fortune 500 tenants — including Apple, General Motors, Facebook and The Home Depot. Parmer Innovation Center has transformed into a vibrant 24/7 live–work–play district with several amenities under construction or planned including restaurants, hotels, an outdoor music venue and a training facility for Austin’s new Major League Soccer team.