HOUSTON — Origin Bank has signed a 22,000-square-foot office lease renewal in Houston’s Memorial City district. The bank will continue to occupy the entire second floor of The Murphy Building, which is located at 9805 Katy Freeway. Louis Rosenthal and John Burke of JLL represented the tenant in the lease negotiations. Brad McDougall and Warren Alexander represented the landlord, MetroNational, on an internal basis.
NEW YORK CITY — Northwell Health has signed a 12,000-square-foot lease at Plaza 57 Medical, a 16-story building in Midtown Manhattan. The tenant plans to take occupancy of the entire 10th floor in the third quarter of next year. Paul Wexler, Josef Yadgarov and Elliot Dennis of Wexler Healthcare Properties represented Northwell Health and the landlord, The Moinian Group, in the lease negotiations.
CHICAGO — BMO Financial Group has consolidated offices from three buildings into a new headquarters at 320 South Canal in downtown Chicago. IA Interior Architects is designing BMO’s 500,000-square-foot space. Phase I of the project, which wrapped up this year, encompasses 250,000 square feet across floors 11 through 17 as well as ground-floor retail banking space. Phase II of the project, which is slated for completion in 2024, encompasses 250,000 square feet on floors four through 10. The 16th floor is an executive area equipped with a conference room and meeting room. On the 17th floor, employees have access to a flexible conference center, café, lounge and open terrace. Recently developed by Riverside Investment & Development and Convexity Properties, 320 South Canal rises 51 stories.
JOLIET, ILL. — NAPA Auto Parts has signed a 6,310-square-foot retail lease at the Caton Farm Plaza shopping center in Joliet. The property is situated along Illinois Route 59. Michael Petrik and Rick Scardino of Lee & Associates represented the landlord, Dreamspace Properties. Sean McCourt of CBRE represented the tenant.
CARMEL, IND. — Old National Bank has expanded its office lease at Parkwood Crossing in the Indianapolis suburb of Carmel from 25,531 square feet to 45,077 square feet. The financial services firm is also consolidating its regional office space by moving an existing downtown Indianapolis office to the newly expanded space at Parkwood Crossing. Rubenstein Partners LP owns Parkwood Crossing, which spans eight buildings and 1.2 million square feet. Rubenstein acquired the property in 2016 and implemented a comprehensive renovation of the campus, including the addition of a 14,000-square-foot amenity center equipped with dining facilities, a fitness center, cybercafe, conference rooms and collaborative spaces. Traci Kapsalis, John Robinson and Brittany Shuler of JLL represented Rubenstein in the lease. Jeff Harris of Cressy Commercial Real Estate represented the tenant.
SAN ANTONIO — Stream Realty Partners has negotiated a 73,873-square-foot industrial lease at CenterPoint Logistics Park in San Antonio. The tenant, an undisclosed retail vending company, will occupy approximately half of the space at Building 4, which is under construction and scheduled for a third-quarter 2023 completion. Kevin Cosgrove and Walter Simpson of Stream Realty Partners represented the landlord, Jackson-Shaw, in the lease negotiations.
NEW YORK CITY — Insurance giant New York Life has signed a 20,000-square-foot office lease at 97-77 Queens Blvd. in the borough’s Rego Park neighborhood. JLL represented the tenant in the lease negotiations. Roy Chipkin of CBRE, along with internal agents Marylou Berk, Meredith Jackness and Michael Leary, represented the landlord, LeFrak.
HOUSTON — Cushman & Wakefield has signed a 30,000-square-foot office lease renewal at Four Oaks Place in Houston’s Galleria district. The global commercial real estate services firm has occupied space on the 26th and 27th floors of the building since 2004 and will undertake a renovation of its space next year. Cushman & Wakefield is also opening a 6,500-square-foot office at Texas Tower, a 47-story building in downtown Houston, in the first quarter of 2023. Global investment management firm Nuveen owns Four Oaks Place.
MILWAUKEE — Silvercrest Asset Management Group has signed an 11,194-square-foot lease to open a Milwaukee office at BMO Tower. The company will occupy space on the 22nd floor and expects to open in May. Silvercrest, founded in 2002, is an employee-owned investment adviser with more than $27 billion in assets under management. The Milwaukee office joins the company’s other locations in New York, Massachusetts, California, Virginia and New Jersey. Adam Leshowitz and Nick Becker of CBRE represented the tenant in the lease negotiations. Irgens is the owner. Current tenants at BMO Tower include BMO Harris Bank, Michael Best & Friedrich, B.C. Ziegler & Co., Heartland Advisors, Kahler Slater and Andrus Intellectual Property Law LLP.
WEST CONSHOHOCKEN, PA. — Financial advisory firm CBIZ Inc. has signed a 50,850-square-foot office lease in West Conshohocken, located on the northwestern outskirts of Philadelphia. Seamus Byrne, Eric Galanti and Bill Main of CBIZ Gibraltar Real Estate Services, along with Ryan Conner of Tactix, represented the tenant in the lease negotiations. Rich Jones and Tom Sklow internally represented the landlord, Keystone Development + Investment. CBIZ plans to take occupancy in the third quarter of 2023.
