REBusinessOnline

NRP Group Relocates Headquarters to Downtown Cleveland

CLEVELAND — The NRP Group has relocated its headquarters to the Halle Building at 1228 Euclid Ave. in downtown Cleveland. The developer, builder and manager of multifamily housing was previously based in Garfield Heights, Ohio, a southern suburb of Cleveland. The company now occupies the entire fourth floor, or 43,000 square feet, of the 380,000-square-foot Halle Building. Approximately 130 employees have moved to the new headquarters. NRP Group has 700 employees nationwide and has delivered …

Cushman & Wakefield Brokers $52M Sale of Office Portfolio in Tampa

TAMPA, FLA. — Cushman & Wakefield has brokered the $52 million sale of The Collection at Sabal Park, a 435,837-square-foot office portfolio in Tampa. The portfolio includes eight buildings located at 10117, 10002, 9950 and 9720 Princess Palm Ave. and 3923-3295, 3901, 3829 and 3922 Coconut Palm Drive. Mike Davis, Michael Lerner and Rick Brugge of Cushman & Wakefield arranged the transaction on behalf of the seller, IP Capital Partners. Priam Capital acquired the assets, which are …

JLL Secures 77,000 SF Office Lease in Fort Worth for Advertising Firm

FORT WORTH, TEXAS — JLL has secured a 77,000-square-foot office lease for local advertising firm Simpli.fi in Fort Worth. The space is situated within the historic Fort Worth Stockyards, which is currently being renovated by Stockyards Heritage Development Co., a partnership between California-based Majestic Realty Co. and Fort Worth-based The Hickman Cos. Simpli.fi is planning to bring more than 450 employees to its new offices. Ryan Matthews and Matt Montague of JLL represented the tenant …

Warshaw Burstein Signs 40,000 SF Lease in Manhattan Office Tower

NEW YORK CITY — Warshaw Burstein LLP has signed a 15-year, 40,383-square-foot office lease at 575 Lexington Ave. in Manhattan. The law firm will occupy the entire seventh floor of the building. Michael Burgio of Cushman & Wakefield represented Warshaw Burstein in the transaction. Newmark Knight Frank represented the landlord, a joint venture comprising George Comfort & Sons, Angelo Gordon & Co. and Normandy Real Estate Partners. The 35-story, 745,400-square-foot office tower has …

Bridge Acquires AT&T-Leased Office Campus in Atlanta’s Buckhead District for More than $200M

ATLANTA — Bridge Office Fund Manager LLC, a subsidiary of Salt Lake City-based Bridge Investment Group, has acquired Lenox Park, a 32-acre office campus located in Atlanta’s Buckhead district. The 1 million-square-foot development includes five buildings and serves as the corporate hub for AT&T. The seller and sales price were not disclosed, but the Atlanta Business Chronicle reports Bridge acquired the campus from an affiliate of Fortress Investment Group for at least $225 per square …

NKF Capital Markets Brokers $73.3M Sale of Office Campus in Metro Atlanta

KENNESAW, GA. — NKF Capital Markets has brokered the $73.3 million sale of TownPark Commons, a 350,000-square-foot office campus in Kennesaw, located roughly 27 miles northwest of Atlanta. Matt Tritschler of NKF Capital Markets arranged the transaction on behalf of the buyer, Adventus Opportunity Fund. Eastdil Secured represented the seller, TSP TownPark LLC. TownPark Commons includes four, four-story buildings located within the TownPark mixed-use development. The buildings were constructed …

Cress Capital Acquires Five-Building Office Portfolio in Southern California for $89.5M

CERRITOS, CALIF. — Newport Beach, Calif.-based Cress Capital has purchased a five-building office portfolio, located within Cerritos Town Centre in Cerritos. An undisclosed seller sold the asset for $89.5 million. Built between 1989 and 1998, the 461,920-square-foot portfolio includes two seven-story buildings and three two-story buildings. At the time of sale, the asset was 88 percent occupied by 45 tenants. Cerritos Town Centre is a 124-acre mixed-use development offering more than 1 …

HFF Negotiates Sale of 421,785 SF Office Park in Metro Seattle

REDMOND, WASH. — HFF has brokered the sale of Willow Creek Corporate Center, a seven-building office park located in Redmond, a suburb 16 miles east of Seattle. Preylock Real Estate Holdings acquired the asset for an undisclosed price. At the time of sale, the 421,785-square-foot property was fully leased. Michael Leggett, Dave Otis, Logan Greer and Kevin Freels of HFF represented the undisclosed seller and procured the buyer in the

Transwestern Development Co. Sells 313,420 SF Office Property in Houston

HOUSTON — Transwestern Development Co. (TDC) has sold Westway Plaza, a 313,420-square-foot office building located at 11330 Clay Road in northwest Houston. The five-story, Class A building was built in 2015 and features a full-service deli and a fitness center with locker rooms. General Electric Co. is the anchor tenant at the property, which was fully leased at the time of sale. Jeff Hollinden and Dane Petersen of HFF represented TDC in the transaction. The buyer was The Aztec Fund Inc., a …

JLL Negotiates Sale of 119,846 SF Office Building in Fort Worth

FORT WORTH, TEXAS — JLL has negotiated the sale of the WT Waggoner Building, a 119,846-square-foot office property in Fort Worth. Ryan Matthews of JLL represented the seller, XTO Energy Inc., in the transaction. David Walters and Marty Neilon of CBRE represented the buyer, Northland Properties Corp., the parent company of the NHL’s Dallas Stars. The sale marks the fifth disposition of XTO’s seven properties in downtown Fort

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