NEW YORK CITY — Ambassador Theatre Group has signed an office lease expansion and extension in Midtown Manhattan. The theater operator is essentially doubling its footprint to 19,380 square feet on the fifth floor of the 13-story building at 630 Ninth Ave., which is known locally as The Film Center Building. Rocco Laginestra of CBRE represented the tenant in the lease negotiations. Matthew Mandell of GFP Real Estate represented the landlord on an internal basis.
Office
MCLEAN, VA. — Bethesda, Md.-based Finmarc Management Inc. has completed its $77.5 million purchase of Highline at Greensboro, an office campus in Northern Virginia’s Tysons Corner submarket comprising twin 10-story office buildings. The two properties are located at 8401 and 8405 Greensboro Drive in McLean and total approximately 460,000 square feet. The office campus was 70 percent leased at the time of sale to tenants including Mortgage One Solutions, TEGNA, ASC Ortho Management Co., The MIL Corp., Rappaport Management Co. and Body Contour Centers. Cliff Mendelson of Metropolis Capital Advisors arranged an undisclosed amount of acquisition financing for Finmarc. Paul Collins and Kevin Sidney of Cushman & Wakefield represented the seller, Los Angeles-based CIM Group, in the transaction. CIM Group recently completed a $16 million capital improvement program at Highline at Greensboro. Finmarc has tapped Josh Masi and Paige Barger of Cushman & Wakefield to handle the leasing assignment at the office campus.
Berkadia Arranges $62.3M Sale of Office Building in Miami’s Coconut Grove Neighborhood
by John Nelson
MIAMI — Berkadia has arranged the $62.3 million sale of The Grove at 3250 Mary, a five-story, 80,000-square-foot office building located on a 1.3-acre site in Miami’s Coconut Grove neighborhood. An entity doing business as Mary Street 3250 LLC purchased the asset from Azora Private Solutions and Vizcaya Capital. Omar Morales and Jaret Turkell of Berkadia’s South Florida office represented the sellers in the transaction.
CHICAGO — Adams Street Partners LLC, a private markets investment management firm, has signed a long-term lease for roughly 46,000 square feet at 120 South Riverside Plaza, relocating its headquarters from One North Wacker in Chicago. The firm is expected to move into its new space in summer 2027. The new headquarters will span the entire 20th floor and a portion of the 21st floor. John Goodman, Eric Feinberg, Brandon Nasatir and Isabell Schwartz of Savills represented the tenant. Kelsey Scheive of CBRE in partnership with the Hines asset management team represented the landlord, La Caisse.
HONOLULU — ESC Pacific, an international architecture, engineering and environmental consulting firm with operations in Japan, Guam and the United States, has purchased the historic Joseph W. Podmore Building at 202 Merchant St. in Honolulu in an off-market transaction. Constructed in 1902 from Hawaiian blue-gray basalt and listed on the National Register of Historic Places since 1983, the two-story Podmore Building features 4,638 square feet. ECS will occupy the building’s second floor as its U.S. base, while the ground floor will continue its longstanding restaurant use. Matthew McKeever of CBRE Hawaii Capital Markets represented the buyer in the transaction, terms of which were not released.
PITTSBURGH — Buchanan Ingersoll & Rooney has extended its 115,335-square-foot office lease in downtown Pittsburgh. The law firm will remain the anchor tenant at the Union Trust Building, a historic property located at 501 Grant St. Gerry McLaughlin of Newmark represented the tenant in the lease negotiations. Jason Stewart and Jackie Bezek of JLL represented the landlord, Boston-based owner-operator The Davis Cos., which acquired the building in 2017 and subsequently executed a $100 million redevelopment.
NEW YORK CITY — Centerbridge Partners has signed a 75,826-square-foot office lease in Midtown Manhattan. The investment management firm will relocate from a nearby location to the entire 22nd and 23rd floors of 345 Park Avenue, a 1.9 million-square-foot building that was constructed in 1969, via a 15-year lease. Robert Steinman represented the landlord, Rudin, in the lease negotiations on an internal basis. Neil Goldmacher, Brian Goldman and Matthew Lorberbaum of Newmark represented Centerbridge.
MISSION, KAN. — Balls Food Stores has purchased a 12,927-square-foot office building located at 5830 Woodson in Mission to serve as its new corporate headquarters, supporting its network of local grocery stores, including Hen House Market, Price Chopper, Sun Fresh and Payless Discount Foods. Locally owned and operated since 1923, Balls Food Stores was founded by Sidney and Mollie Ball in Kansas City, Kan. The company has grown from a single neighborhood grocery store into one of the Kansas City region’s leading independent grocery retailers. Today, Balls Food Stores operates 25 supermarkets throughout metro Kansas City. David Block and Will Sanders of Block & Co. Inc. Realtors represented Balls Food Stores in the transaction. The former Balls Food Stores headquarters at 5300 Speaker Road in Kansas City is now available for sale through Block & Co.
NEW YORK CITY — Versant Media Group (Nasdaq: VSNT) has signed a 84,509-square-foot office lease expansion and 18-year extension in Midtown Manhattan. The owner of networks like MS NOW, CNBC, USA Network, Golf Channel, E!, SYFY and Oxygen now occupies 249,054 square feet across six floors at 229 West 43rd Street, a 15-story building that was constructed in 1912 as the home of The New York Times. CBRE represented Versant in the lease negotiations. The landlord, Columbia Property Trust, was self-represented.
DALLAS — Ahmad, Zavitsanos & Mensing PLLC has signed a 17,043-square-foot office lease in downtown Dallas. The space is located within Trammell Crow Center, a 50-story, newly renovated development at 2001 Ross Ave. Doug Jones, Marissa Parkin and Chase Lopez of Stream Realty Partners represented the landlord, Regent Properties, in the lease negotiations.
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