Office

CP Group Signs Eversheds Sutherland to 94,000 SF Office Lease in Midtown Atlanta

by John Nelson December 20, 2024

ATLANTA — CP Group has signed Eversheds Sutherland LLP, a global law firm, to a 94,000-square-foot office lease at Bank of America Plaza, a 55-story skyscraper in Midtown Plaza. CBRE’s John Schlesinger represented the tenant, and his colleagues Jeff Keppen and Nicole Goldsmith represented the landlord in the lease transaction. Over the past six months, leasing activity at Bank of America Plaza has reached 170,000 square feet, including four new tenants, one renewal and two expansions. Amenities at the office tower include a conference center space with breakout rooms, fitness club, food hall, salon and an onsite retail Bank of America branch.

December 20, 2024

Leasing Activity Office Texas

Sage Technologies Signs 17,455 SF Office Lease in Plano

by Taylor Williams December 20, 2024

PLANO, TEXAS — Sage Technologies, a provider of sound and vibration testing equipment, has signed an 17,455-square-foot office lease in Plano. The space is located within the five-story building at 6275 W. Plano Parkway that offers amenities such as a fitness center, conference facilities and onsite café. Trevor Franke and Gini Rounsaville of JLL represented the landlord, Billingsley Co., in the lease negotiations. Calvin Hull, also with JLL, represented the tenant.

December 20, 2024

Leasing Activity Midwest Minnesota Office

St. Croix Hospice Leases Full Building at Mendota Tech Office Park in Minnesota

by Kristin Harlow December 20, 2024

MENDOTA HEIGHTS, MINN. — St. Croix Hospice has signed a long-term lease at Mendota Tech – Workplace 3 in Mendota Heights, a southern suburb of the Twin Cities. The end-of-life care provider will occupy the 30,586-square-foot office building in its entirety. St. Croix Hospice, which is relocating from Oakdale, plans to take occupancy in the first quarter of 2025. With over 70 locations throughout the Midwest, the agency provides care to more than 5,200 patients. Tim Olsen of Carlson Partners represented the tenant. Mike Honsa and Eric Rapp of Transwestern Real Estate Services represented ownership, Capital Partners. Mendota Tech Office Park comprises eight buildings.

December 20, 2024

Leasing Activity Office Texas

Chicago School of Psychology Signs 18,566 SF Office Lease in Plano

by Taylor Williams December 19, 2024

PLANO, TEXAS — The Chicago School of Psychology has signed an 18,566-square-foot office lease in Plano. The space is located within the five-story building at 6275 W. Plano Parkway that offers amenities such as a fitness center, conference facilities and onsite café. Trevor Franke and Gini Rounsaville of JLL represented the landlord, Billingsley Co., in the lease negotiations. Dean Collins of Cushman & Wakefield represented the tenant.

December 19, 2024

Acquisitions Arizona Office Western

Cushman & Wakefield Negotiates Sale of 102,305 SF Office Asset in Phoenix

by Amy Works December 19, 2024

PHOENIX — Cushman & Wakefield has arranged the sale of 501 Gateway, a four-story office building located at 501 N. 44th St. in Phoenix. An undisclosed full service real estate solutions firm sold the asset to 501 Gateway Center LLC for $18 million. The property features 102,305 square feet of multi-tenant office space, a four-story parking garage, flexible floor plates, an onsite café and immediate freeway, airport and light rail access. At the time of sale, the building was 82 percent leased. The building, which was originally constructed in 1997, has been upgraded to a modern office asset. Eric Wichterman, Chris Toci and Mike Coover of Cushman & Wakefield in Phoenix represented the seller in the transaction.

December 19, 2024

Illinois Leasing Activity Midwest Office

KeHE Distributors Renews, Expands Lease at Naperville Corporate Center in Suburban Chicago

by Kristin Harlow December 19, 2024

NAPERVILLE, ILL. — KeHE Distributors LLC has renewed and expanded its lease at Naperville Corporate Center in the Chicago suburb of Naperville. The wholesale food distributor’s lease now totals 91,102 square feet after an expansion of 17,000 square feet. Joe Stevens and Steve Degodny of Transwestern Real Estate Services (TRS) represented building ownership, Real Capital Solutions. KeHE will occupy the entirety of the building at 1245 Diehl Road.

December 19, 2024

Development Multifamily New Jersey Northeast Office

BNE Real Estate Completes Office-to-Multifamily Conversion Project in West Orange, New Jersey

by Taylor Williams December 19, 2024

WEST ORANGE, N.J. — BNE Real Estate has completed a project in West Orange, about 20 miles west of New York City, that converted a 400,000-square-foot office campus into a 423-unit apartment community. Known as Stonehill at West Orange and designed by Minno & Wasko Architects & Planners, the development features one- and two-bedroom units and 44,000 square feet of amenity space. The project also preserved 130,000 square feet of recently renovated office space that is now home to the West Orange Public Library. Rents start at approximately $2,300 per month for a one-bedroom apartment.

December 19, 2024

Acquisitions Florida Hospitality Mixed-Use Office Southeast

Cushman & Wakefield Arranges Sale of 200 North College Mixed-Use Campus in Uptown Charlotte

by John Nelson December 18, 2024

CHARLOTTE, N.C. — Cushman & Wakefield has arranged the sale of 200 North College, a five-story mixed-use campus located on a 3.5-acre site in Uptown Charlotte. According to The Charlotte Ledger, the property sold for $32.7 million. Rob Cochran and Bill Harrison of Cushman & Wakefield’s Charlotte office, along with Steve Lindley in the firm’s Phoenix office, represented the seller, an entity doing business as Terra Funding – Wake Forest LLC, through the court-appointed receiver, locally based Childress Klein. An investor doing business as A H Real Estate Holdings was the buyer. The 455,000-square-foot property features a five-story office building anchored by Wake Forest University’s business school. The development also includes an 810-space parking deck and a DoubleTree by Hilton hotel with 294 rooms. The buyer plans to redevelop a portion of 200 North College to include multifamily units and ground-level retail space.

December 18, 2024

Office Texas

Pillar Commercial Recapitalizes 215,000 SF Office Building in Richardson, Texas

by Taylor Williams December 18, 2024

RICHARDSON, TEXAS — Locally based investment firm Pillar Commercial has recapitalized Collins Square, a 215,000-square-foot office building located in the northeastern Dallas suburb of Richardson. The recapitalization retires the building’s existing debt and provides for a new ownership structure that includes Pillar’s current real estate fund vehicle. Travelers Insurance has been the anchor tenant at Collins Square, which recently underwent a range of capital improvements, since 2002.

December 18, 2024

Acquisitions California Healthcare Office Western

Stockdale Capital Partners Acquires 83,789 SF MarinHealth Medical Plaza in Novato, California

by Amy Works December 18, 2024

NOVATO, CALIF. — Stockdale Capital Partners has acquired The MarinHealth Medical Plaza (MHMP), located at 75 Rowland Way in Novato, for $32.8 million. The name of the seller was not released. Built in 1997 and renovated in 2017, the 83,789-square-foot property is anchored by MarinHealth, which leases 72,888 square feet (90 percent) of the building. Adjacent to Sutter Health’s Novato Community Hospital, tenants of MHMP include clinical specialties, primary care, OBGYN, imaging, laboratory, family medicine, cardiovascular and dermatology. The purchase is Stockdale Capital Partners’ sixth acquisition of its recently formed, U.S.-focused, open-ended Healthcare Real Estate Investment Fund.

December 18, 2024

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