SAN ANTONIO — A joint venture between two retail owner-operators, Houston-based Fifth Corner and San Antonio-based Headwall Investments, has acquired a 53,000-square-foot office and retail building in San Antonio’s Alamo Heights submarket. According to LoopNet Inc., the property at 5108 Broadway St., which is known as Stewart Center, was built on 2.1 acres in 1957. The seller and sales price were not disclosed.
DAVENPORT AND BETTENDORF, IOWA — NAI Ruhl Commercial Co. has brokered the sale of two office buildings in the Quad Cities. The properties were formerly owned by the Slavens family and served as the longtime home of Northwest Bank & Trust, now Time Bank. A nine-story building at 100 E. Kimberly Road in Davenport totals 67,839 square feet, while a six-story building at 2550 Middle Road in Bettendorf totals 45,588 square feet. Both properties are considered regional landmarks, according to NAI Ruhl. They house approximately 60 tenants, including business uses such as banking, legal services, accounting, medical practices and counseling services. Charlie Armstrong and Alex Kelly of NAI Ruhl represented the buyer, Avalair Group. Bobbie Slavens of Hawkeye Commercial Real Estate represented the seller, River Cities Development LLC, a subsidiary of Northwest Investment Corp. Tower Trust & Investment Co. and Centennial Tax & Accounting, both subsidiaries of Northwest Investment Corp., will continue as full-floor tenants. Armstrong and Kelly will handle leasing for both properties, and NAI Ruhl’s property management division will provide property management services.
By Anders Pesavento, Cushman & Wakefield If you have ever been to a pro sports game or a concert and felt that collective buzz, you know exactly what I mean — it is electric. The kind of energy that makes you look around and think, right, this is why we do this. I felt it first-hand when the Cross Country Skiing World Cup came to Minneapolis in 2024, and more than 30,000 people packed into one place to cheer on the athletes. That day was a reminder you cannot replicate with a livestream or a group chat: humans feed off other humans. The office market is tapping into that same instinct, just in a quieter way. That is why the conversation has moved from whether office matters to which offices matter. It is not a blanket comeback. It is a sorting. We are not rewinding to 2019. Companies are using spaces differently and choosing buildings that help them recruit and retain talent. Hybrid schedules are real, but so is the need for culture, onboarding and collaboration that works best face-to-face. That shift makes “vacancy” a blunt instrument. Real vacancy is the space that is truly available in buildings that can …
HOUSTON — Local owner-operator MetroNational has purchased M-K-T Heights, a 218,000-square-foot office and retail development located just west of downtown Houston. Designed by Michael Hsu Office of Architecture and completed in 2020, M-K-T Heights is an adaptive reuse of several 1970s-era industrial buildings. Today, the property comprises more than 100,000 square feet of creative office space and 100,000 square feet of retail and restaurant space, as well as a pedestrian boardwalk. The seller and sales price were not disclosed. MetroNational acquired the property in a joint venture with Radom Capital and Triten Real Estate Partners, the property’s original developers.
ATLANTA — Coreforce, a public safety tech firm based in Decatur, Ga., has signed a 32,945-square-foot office lease at Uptown Atlanta, a mixed-use development by Rubenstein Partners LP that straddles Atlanta’s Buckhead and Midtown submarkets. Kyle Kenyon and Chris Port of CBRE represented the landlord in the lease transaction. Coreforce, formerly known as Utility Associates, has 200 employees and provides software for first responders and other frontline professionals. The firm will relocate from Decatur and occupy the entire 10th floor at Uptown Atlanta, which features more than 1 million square feet of office space. Other office tenants include The Academy for Innovation in Medicine, Stadler Rail, Entertainment Partners, MARTA CPEI group and Skillshot Media. The development also includes more than 100,000 square feet of retail space leased to J’ouvert Caribbean Kitchen, Bene Korean, Sugarcoat, Roundhouse Kickboxing, The Commodore and 26 Thai Kitchen, among others.
POMONA, CALIF. — Progressive Real Estate Partners has arranged the sale of The Armstrong Building, a historic mixed-use property at 150-196 E. Third St. and 345 S. Locust St. in Pomona. Western University of Health Sciences, a private medical university, acquired the asset from a Los Angeles-based private investor for $2.9 million. The 27,980-square-foot building features seven ground-level commercial units and eight residential lofts. Western University of Health Sciences will utilize the building as an extension of its campus, expanding the university’s footprint in downtown Pomona. Roxy Klein and Greg Bedell of Progressive Real Estate Partners represented the seller in the deal.
MARLTON, N.J. — Colliers has brokered the sale of a portfolio of six office buildings totaling approximately 160,000 square feet in the Southern New Jersey community of Marlton. The portfolio comprises two single-story buildings totaling 33,317 square feet at 1 and 3 Eves Drive, as well as Evesham Corporate Center, a 14.2-acre development that houses 133,822 square feet of office space across four buildings. The Eves Drive buildings were fully leased at the time of sale, while Evesham Corporate Center was roughly 65 percent leased at the time of sale. Jacklene Chesler, Patrick Norris and Brittany Leventoff of Colliers brokered the deal. The buyer and seller were not disclosed.
NEW YORK CITY — Turner & Townsend has signed a 24,394-square-foot office lease in Midtown Manhattan. The professional services company has committed to the sixth floor of 100 Park Avenue, a 36-story, 905,000-square-foot building, on a 12-year term. Mary Ann Tighe, Stephen Eynon and Alessia Lawson of CBRE represented the tenant in the lease negotiations. Harry Blair, Barry Zeller, Justin Royce and Pierce Hance of Cushman & Wakefield represented the landlord, SL Green. The building is now fully leased.
CHICAGO — Chicago-based general contractor Skender has completed The Fulton, an 11-story, 535,000-square-foot office development at 217 N. Sangamon St. in Chicago’s Fulton Market neighborhood. Developed by Fulton Street Cos. and Shanna Collective, the project marks the only Class A office building to break ground in Chicago since 2023, according to Skender. Designed by FitzGerald Associates Architects and Morris Adjmi Architects, The Fulton features floor-to-ceiling windows, several outdoor terraces, a rooftop lounge and bar, multiple conference and coworking spaces and a fitness center. A basement provides parking for up to 80 vehicles. Additionally, a glass atrium connects the new development with a redevelopment of the historic Schwinn Bicycle factory, which is being converted from apartments into office space. Alex Panici, vice president at Skender, says the project brings the perfect blend of historical significance and modern design. “A tremendous amount of thought was put into everything from the material selection to the energy efficiency, and this property is sure to meet the needs of the modern workforce long into the future.” The Fulton is both WELL- and LEED Silver-certified. Committed office tenants include The Coca-Cola Co., Harrison Street Asset Management, BlackEdge Capital and Permanent Capital. Gibsons Steakhouse and Equinox Fitness …
DALLAS — A joint venture between Dallas-based Pillar Commercial and New York-based Ascent Real Estate Advisors has acquired Rambler Park, a 310,943-square-foot office building in North Dallas. The 14-story building is located within a medical district that is anchored by Texas Health Presbyterian Hospital and is home to multiple healthcare tenants. Brian Carlton and De’On Collins of JLL arranged an undisclosed amount of acquisition financing for the deal through First Bank. The seller was not disclosed.
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