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Onnec installs and maintains data center cables and equipment racks across Europe and Asia Pacific.
CBRE agreed to acquire London-based Onnec Group for $610 million in cash, The Real Deal reported, citing the Wall Street Journal.
Up to $400 million more could be paid if Onnec hits growth targets in the coming years, pushing the total past $1 billion.
Onnec installs and maintains data center cables and equipment racks, with operations across Europe and Asia Pacific.
Reported by the Deals desk from The Real Deal — National and Wall Street Journal (via The Real Deal). Published . Corrections
The five-story building is fully leased to Crawford & Company, which has based its global headquarters there since 2017.
Buildings 3 and 4 at LogistiCenter at Copperwing are designed to combine into a single 1,319,962-square-foot building, with delivery estimated for the third quarter of 2027.
The 46-story Midtown project is 56% pre-leased and has $1.2 billion in construction financing, Commercial Observer reported.
The Santa Fe Springs site is fully leased to XPO; the price and lease term were not disclosed.
The Boca Raton buyer plans $20 million in amenities for the 75 percent-occupied, 1991-vintage tower.
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