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PayPal, TransMedics Deals Lead Fresh Wave of Targeted U.S. CRE Activity

Leasing favors life-sciences hubs, signaling selective strength across prime assets.

Overview

  • PayPal signed a 10-year, 261,000-square-foot lease at the connected 345 Hudson Street and 555 Greenwich Street campus in Manhattan’s Hudson Square, establishing a new flagship workplace.
  • TransMedics fully leased the 498,000-square-foot life-sciences building at 188 Assembly Park Drive in Somerville within BioMed Realty’s Assembly Innovation Park.
  • Wells Fargo provided a $250 million loan secured by AtlanticBK, a 456-unit apartment property at 1057 Atlantic Avenue in Brooklyn’s Bedford-Stuyvesant neighborhood.
  • Highland Resources put the 162,000-square-foot 211 Seventh office building in downtown Austin on the market and engaged JLL Capital Markets to lead the sale effort.
  • Construction is underway on Seabrook Town Centre, a mixed-use project spanning 195 acres along Galveston Bay in Seabrook, Texas.