WASHINGTON, D.C. — BXP has acquired 2100 M Street, a 300,000-square-foot office building located in the West End of Washington, D.C., for $55 million. The publicly traded, Boston-based office REIT plans to demolish the existing building and develop a new 320,000-square-foot office tower. BXP expects to commence construction of the project in 2028. Eastdil Secured represented the undisclosed seller in the transaction. Additionally, Sidley Austin LLP has signed a 240,000-square-foot lease to anchor the future trophy property, occupying 75 percent of the building. The global law firm will be situated on the fourth through 10th floors and is scheduled to move into its new space in 2031. Lou Christopher and Jordan Brainard of CBRE represented Sidley Austin in the lease transaction.
PASADENA, CALIF. — Perform Properties has signed six new leases at One Colorado, a 240,000-square-foot urban lifestyle center in Pasadena. Contemporary Mexican restaurant Javier’s and New York-based fashion brand rag & bone are already open at the property. The recent openings coincided with the debut of the redesigned courtyard, which features a series of outdoor “rooms.” Meanwhile, various concepts such as Sundays, Monarch Athletic Club, Sockerbit and Thaim will launch in 2026. Additional tenants at One Colorado include The Cheesecake Factory, Anthropologie, Alo Yoga, The Container Store, Sephora and Vuori.
SPRING, TEXAS — Tetra Technologies has signed a 61,975-square-foot office headquarters lease in Spring, a northern suburb of Houston. The energy services company will occupy space at 10000 Energy Drive, a two-building, 563,716-square-foot complex that was completed in 2014. David Baker, Elliott Hirshfeld and Kristen Baker of Newmark represented the landlord, Spear Street Capital, in the lease negotiations. Caleb Lawson of Flatrock Commercial Real Estate Group represented the tenant.
FORT WORTH, TEXAS — Bag Supply Co. LLC has signed an 18,000-square-foot industrial lease in East Fort Worth. The tenant is relocating from nearby Everman to the newly renovated building at 5911 E. Rosedale St. Cade Navarro of Bradford Commercial Real Estate Services represented the tenant in the lease negotiations. Brett Carlton and Forrest Cook of Stream Realty Partners represented the undisclosed, Boston-based landlord.
NEW YORK CITY — Bloomberg LP has signed an 11-year, 495,753-square-foot office lease extension at 120 Park Avenue, a 26-story building in Midtown Manhattan. The business media giant, which has been a tenant at 120 Park Avenue since 2011, has committed to occupying 20 floors, as well as lower-level spaces, through 2040. Howard Fiddle, Chris Mansfield and Zachary Weil of CBRE represented Bloomberg in the lease negotiations. Paul Glickman and Diana Biasotti of JLL, along with internal agents Chris Roth, Craig Panzirer and Alex Radmin, represented the landlord, Global Holdings.
NEW YORK CITY — McGuireWoods has extended and expanded its office lease in Midtown Manhattan. The national law firm now occupies 75,000 square feet across the 20th and 21st floors at 1251 Avenue of the Americas, a 54-story tower that recently underwent a repositioning. David Falk, Pete Shimkin, Eric Cagner and Claire Koeppel of Newmark represented the landlord, Mitsui Fudosan America Inc., in lease negotiations. McGuireWoods was self-represented.
NEW YORK CITY — Trust Co. of the West has renewed and expanded its office lease in Midtown Manhattan. The Los Angeles-based asset management firm now occupies 80,200 square feet across the 47th and 48th floors at 1251 Avenue of the Americas, a 54-story tower that recently underwent a repositioning. David Falk, Pete Shimkin, Eric Cagner and Claire Koeppel of Newmark represented the landlord, Mitsui Fudosan America Inc., in lease negotiations. CBRE represented the tenant.
NEW YORK CITY — BioLabs, a Boston-based biotechnology incubator and operator of shared lab facilities, has opened a 46,000-square-foot life sciences space in the Long Island City area of Queens. The leased space is located within Innolabs, a 267,000-square-foot facility anchored by NYU Langone Health, and the facility will be known as Biolabs@NYU Langone. A partnership between Boston-based King Street Properties and New York City-based GFP Real Estate owns Innolabs.
SPRING, TEXAS — Locally based brokerage firm SVN | J. Beard Real Estate has arranged the sale of an 11,250-square-foot retail strip center in Spring, a northern suburb of Houston. The center is home to tenants such as Sherwin-Williams and Shogun Japanese Grill. Matt Knagg of SVN | J. Beard represented the buyer in the transaction. Austen Baldridge and Bob Conwell of NewQuest represented the seller. Both parties requested anonymity.
CHICAGO — Vestian, a Chicago-based commercial real estate services firm, has recently secured three commercial leases in North Carolina for three global manufacturers. The deals include an industrial lease for HEYCO-Werk USA, a tech manufacturer for plastic injection and two-shot molding; a lease for a new experience center in Charlotte for corrugated box manufacturer BHS Corrugated; and an industrial lease for BICASA North America, a provider of technical lab furniture. Information on the landlords and specific locations were not released.
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