REBusinessOnline

NAI Shames Makovsky Negotiates $4.7M Acquisition of Office Building in Denver

DENVER — NAI Shames Makovsky has arranged the purchase of an office property located at 1009 Grant St. in Denver. Casa Grande 1009 LLC acquired the property from Credit Union Strategic Partners for $4.7 million. The property features 23,577 square feet of office space. Dorit Fischer and Hayden Hirschfield of NAI Shames Makovsky represented the buyer in the

Madison Capital, PGIM Real Estate Acquire 160,451 SF Mixed-Use Asset in San Francisco

SAN FRANCISCO — Madison Capital and PGIM Real Estate have purchased 360 Spear Street, a five-story mixed-use building located in San Francisco’s South Financial District. The transaction was valued at $95 million. The buyers plan to reposition the 160,451-square-foot property. In addition to 49,992 square feet of office space, the property features 110,459 square feet of life science, light industrial and production, and development and repair space. Approximately one-third of the …

North Avenue Capital Closes Two Loans Totaling $16.8M for Properties in Georgia, Arkansas

WAYCROSS, GA. AND PARAGOULD, ARK. — North Avenue Capital has closed two acquisition loans totaling $16.8 million for properties in Georgia and Arkansas. USDA Rural Development Business & Industry funded the loans on behalf of the undisclosed borrowers. In Waycross, North Avenue arranged $7.3 million in financing for the acquisition of a 51,548-square-foot mixed-use center. Enhanced Resource Corp., a business management operation, anchors the property. Other tenants include Surchero's Fresh …

SIOR Foundation Selects Aaron Barnard as New President

WASHINGTON, D.C. — SIOR Foundation has announced Aaron Barnard as its new president for the 2018-2019 term. The transition from current president Bill Ginder to Barnard occurred last week at the Society of Industrial & Office Realtors (SIOR) Fall World Conference in Denver. Barnard is a veteran broker in Minneapolis with Cushman & Wakefield and specializes in investment analysis, tenant and landlord representation. [caption id="attachment_214957" align="alignleft" width="100"] Aaron …

AQUILA Nears Completion of 225,000 SF Spec Office Building in Austin

AUSTIN, TEXAS — AQUILA Commercial is nearing completion of The Preserve at 620, a 225,000-square-foot speculative office building located at 8201 North FM 620 in northwest Austin. The single-story building is slated to be complete before year’s end and has roughly 185,000 square feet still available for lease. Amenities at The Preserve at 620 include a fitness center, sports court and open courtyard spaces. Tech firm Innovative Aftermarket Systems (IAS) has preleased 40,000 square feet at …

Merchant & Gould to Relocate Minneapolis Office

MINNEAPOLIS — Merchant & Gould, a full-service intellectual property law firm, has unveiled plans to relocate its Minneapolis office from the IDS Center to Fifth Street Towers. The firm will occupy 40,246 square feet on the 21st and 22nd floors beginning in August 2019. Paul Donovan, Jaclyn May and Jeremy Striffler of Cushman & Wakefield represented the tenant in the lease transaction. Jennifer Stumm of Cushman & Wakefield will oversee the buildout of the space on the client’s …

Startups, Millennials Drive Strong Fundamentals for Columbus Office Market

The Columbus office market continues to be diverse and thriving as the city becomes an economic hub in the Midwest. With a population that has grown to over 2.1 million people, and the eighth largest millennial population, Columbus has developed varied markets including concentrations in automotive, data centers, fashion/apparel, finance/insurance, food, healthcare, logistics, manufacturing, R&D, beauty, retail/e-commerce and technology. Columbus boasts 14 Fortune 1000 headquarters and …

Wilshire Skyline, Kings Arch Break Ground for Adaptive Reuse of Office Building in Santa Monica

SANTA MONICA, CALIF. — Wilshire Skyline, in partnership with Kings Arch Inc., has broken ground on the restoration and adaptive reuse of a landmarked building located at 1305 Second St. in Santa Monica. KFA designed the renovation of the three-story building that was built in 1914. The project will provide new spaces for commercial office tenants. Exterior renovations will include adding ground-floor window awnings, providing new landscaping around the property and rehabilitating the …

Cawley Partners to Develop 168,000 SF Spec Office Building in Metro Dallas

COPPELL, TEXAS — Dallas-based Cawley Partners will develop The Braun on Belt Line, a 168,000-square-foot office building that will be located in Coppell, a northern suburb of Dallas. The four-story property, which marks Phase I of a larger office development, is being built on a speculative basis. Amenities will include a conference center, patio lounge and a fitness center. Gensler designed the project, which is slated for a third-quarter 2020

Assurance to Relocate Headquarters to Schaumburg, Illinois

SCHAUMBURG, ILL. — Assurance Agency Ltd. has signed a 75,000-square-foot office lease to relocate its headquarters to Woodfield Preserve Office Center in Schaumburg. Bill Elwood and Rob Graham of CBRE represented the landlord, Zeller Realty Group (ZRG), in the lease transaction. Jesse Van Dyke of JLL represented Assurance, which will relocate to the property in 2019. The independent insurance brokerage firm will occupy a portion of the first floor and the entire sixth floor. ZRG has …

subscribe


Conferences