Office

JLL Brokers Sale of 274,583 SF Office Building in Houston

by Taylor Williams February 21, 2025

HOUSTON — JLL has brokered the sale of 515 Post Oak, a 274,583-square-foot office building in Houston’s Galleria neighborhood. The building was originally constructed in the 1980s on a 3.2-acre site and offers amenities such as a fitness center, tenant lounge/game room, café and technology equipped conference areas. Jeff Hollinden and Kevin McConn of JLL represented the seller, New York Life Real Estate Investors, in the transaction and procured the buyer, Dallas-based investment firm EY Ventures LLC. The building was 74 percent leased at the time of sale.

February 21, 2025

Development Office Retail Texas

Veritex Community Bank to Open New Office, Retail Branch in Frisco

by Taylor Williams February 21, 2025

FRISCO, TEXAS — Veritex Community Bank will open a new office and retail branch in Frisco. The building will span 40,000 square feet, and Veritex will occupy the ground floor, while the remainder of the space will be leased to other tenants. Amenities will include a golf simulator and putting areas, a nod to the building’s proximity to the PGA of America’s headquarters campus. The building will also house a boardroom and training areas. Locally based firm Cawley Partners is leading development of the project. The general contractor, Scott + Reid, plans to begin construction before the end of the month. Completion is slated for early 2026.

February 21, 2025

Leasing Activity New Jersey Northeast Office

Riker Danzig Signs 45,500 SF Office Headquarters Lease in Madison, New Jersey

by Taylor Williams February 21, 2025

MADISON, N.J. — Riker Danzig LLP has signed a 45,500-square-foot office headquarters lease in the Northern New Jersey community of Madison. The law firm is relocating from nearby Morristown to Giralda Farms, a 1.3 million-square-foot corporate campus. Marc Rosenberg of Cushman & Wakefield represented the tenant in the lease negotiations. Joshua Cohen and Bill Brown, also with Cushman & Wakefield, represented the landlord, a partnership between Bergman Real Estate Group and Eightfold Real Estate Capital.

February 21, 2025

Leasing Activity Office Texas

Three Tenants Sign Office Leases at Maple Terrace in Uptown Dallas

by Taylor Williams February 20, 2025

DALLAS — Three tenants — Legacy Knight, Commit Consulting and Mitsui Fudosan America — have signed office leases at Maple Terrace, a mixed-use development in Uptown Dallas. The square footages were not disclosed. Maple Terrace features a 157,000-square-foot office building, a 22-story apartment building and retail and restaurant space. Matt Schendle and Carrie Halbrooks of Cushman & Wakefield represented the landlord, Mitsui Fudosan, which owns Maple Terrace in partnership with McNair Interests and Hines, in the lease negotiations. Grant Henson and Ryan Collier of Rockcap Co. represented Legacy Knight. Jakey Younger of Citadel Partners represented Commit Consulting.

February 20, 2025

Leasing Activity Northeast Office Pennsylvania

FS Investments Signs 117,000 SF Office Headquarters Lease at Schuylkill Yards in Philadelphia

by Taylor Williams February 20, 2025

PHILADELPHIA — FS Investments has signed a 117,000-square-foot office headquarters lease in the Schuylkill Yards mixed-use development in Philadelphia. The locally based alternative asset manager will relocate and expand from an 80,000-square-foot space at the Philadelphia Navy Yard, where it has been a tenant since 2015, to the mixed-use building at 3025 JFK Blvd. Tactix Real Estate Advisors represented FS Investments in the negotiations for the 16-year lease. The landlord, locally based REIT Brandywine Realty Trust, was self-represented.

February 20, 2025

Acquisitions Industrial Massachusetts Northeast Office

Marcus & Millichap Brokers $4.8M Sale of Industrial Flex Building in North Andover, Massachusetts

by Taylor Williams February 20, 2025

NORTH ANDOVER, MASS. — Marcus & Millichap has brokered the $4.8 million sale of a 30,855-square-foot industrial flex building located outside of Boston in North Andover. Completed in 1997, the building at 45 Beechwood Drive features 11,500 square feet of office space and 19,355 square feet of warehouse space, as well as two loading docks, one drive-in bay and a clear height of 14 feet. Mattias Edenkrans, Harrison Klein and Luigi Lessa of Marcus & Millichap represented the seller and procured the buyer, both of which were private entities that requested anonymity, in the transaction..

February 20, 2025

Georgia Leasing Activity Life Sciences Office Southeast

Duracell Selects Science Square in Midtown Atlanta for New R&D Headquarters

by John Nelson February 19, 2025

ATLANTA — Battery manufacturer Duracell has selected Science Square in Midtown Atlanta for its new global headquarters for research-and-development (R&D). Trammell Crow Co. and Georgia Institute of Technology (Georgia Tech) jointly own the 18-acre Science Square development, which sits adjacent to Georgia Tech’s campus. Duracell plans to invest approximately $56 million into its new space at 101 Nerem St. NW and create 110 jobs. Civic and utility partners that helped Duracell in its site selection include the Georgia Department of Economic Development’s Global Commerce team, Invest Atlanta, Select Fulton, Metro Atlanta Chamber, Georgia Power and the University System of Georgia. Duracell has had a footprint in Georgia for years. The company currently has a manufacturing facility in LaGrange that has been in operation since 1980 and a logistics and distribution plant in Fairburn that began operations in 2020.

February 19, 2025

Acquisitions Development Office Self-Storage Southeast Virginia

Cresa Secures Sale of 30,000 SF Vacant Office Building in Arlington, Virginia

by John Nelson February 19, 2025

ARLINGTON, VA. — Cresa has secured the sale of the Portsmouth Building, a vacant 30,000-square-foot office building located at 3138 10th St. N in Arlington. BRB Development Group paid approximately $200 per square foot for the property, with plans to demolish the building to make way for a new self-storage development. Gene Sachs, Jonathan Harms and Natalie Gosnell of Cresa represented the seller, America’s Credit Unions (ACU), in the transaction. ACU is a merger of the Credit Union National Association (CUNA) with National Association of Federally-Insured Credit Unions (NAFCU). ACU consolidated the two companies into new office space at 99 M St. SE in the metro’s Navy Yard submarket.

February 19, 2025

Acquisitions Office Texas

Worth & Associates Buys 99,263 SF Office Building in North San Antonio

by Taylor Williams February 19, 2025

SAN ANTONIO — Locally based brokerage and investment firm Worth & Associates has purchased a 99,263-square-foot office building in San Antonio. The four-story building at 800 E. Sonterra Blvd. is located on the city’s north side and was originally constructed in 1999, according to LoopNet Inc. Steve Thomas, Alyse Sellers and Zander Thomas of Stream Realty Partners represented the seller, Energy Transfer, in the transaction. Shawn Gulley and Lukin King represented Worth & Associates on an internal basis.

February 19, 2025

Acquisitions Office Texas

JLL Brokers Sale of 93,578 SF Office Building in West Houston

by Taylor Williams February 19, 2025

HOUSTON — JLL has brokered the sale of Timberway One, a 93,578-square-foot office building located in the Energy Corridor area of West Houston. The three-story building was 92 percent leased at the time of sale to tenants elevator manufacturer thyssenkrupp, 2H Offshore and Medical Care Center. Marty Hogan led the JLL team that represented the seller, Miami-based Banyan Street Capital, in the transaction. The buyer was locally based investment firm LM & Associates.

February 19, 2025

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