DALLAS — King & Spalding has signed a 52,826-square-foot office lease in Uptown Dallas. The Atlanta-based law firm is taking the entire 12th and 13th floors of 23Springs, a newly constructed, 26-story building. John Izard, Carla Williams, Tom Sutherland and Ryan Hoopes of Cushman & Wakefield represented King & Spalding, which plans to take occupancy in the second quarter of next year, in the lease negotiations. Robert Jimenez, Burson Holman and Elizabeth Fortado internally represented the landlord, Granite Properties, which owns the building in partnership with Highwoods Properties.
BOCA RATON, FLA. — Newmark has arranged an undisclosed amount of acquisition financing for Boca Raton Innovation Campus (BRiC), a 1.7 million-square-foot office and research-and-development campus located at 5000 T-Rex Ave. in Boca Raton. West Palm Beach, Fla.-based Related Ross purchased the 124-acre property for an undisclosed price. According to South Florida Business Journal, the selling entity comprised locally based CP Group, DRA Advisors, Las Olas Capital Advisors and Rialto. Jordan Roeschlaub, Nick Scribani, John Caraviello and Josh King of Newmark arranged the acquisition financing through Ares Real Estate funds. The BRiC site used to serve as the regional headquarters campus for IBM. In addition to offices and laboratory space, BRiC features two cafés, an 800-seat presentation hall, multiple event spaces, a gym and direct shuttle service to the Boca Raton Tri-Rail station. Tenants at the campus include D-Wave Quantum Inc., Modernizing Medicine, Cinch Home Services, Allstar Recruiting Locums LLC and Everglades University.
NEW YORK CITY — Quality Services for the Autism Community (QSAC) has signed a 25,268-square-foot office lease in The Bronx. The deal comprises 12,891 square feet of second-floor space and 12,377 square feet of outdoor space at 1200 Zerega Avenue, a two-story, 95,646 square-foot building. Josh Kleinberg of Colliers represented QSAC in the lease negotiations. Mathew Diana of DY Realty Group, in conjunction with in-house leasing agents, represented the owner, Simone Development Cos.
MINNEAPOLIS — CBRE has signed three new office leases in the Minneapolis-St. Paul market. The brokerage firm signed a 15,586-square-foot lease at Arcadia in Edina for its advisory employees. CBRE’s John Ferlita and John Lorence represented the company. Opus is constructing the 118,000-square-foot, six-story building. CBRE is among the initial tenants scheduled to occupy the property upon delivery. CBRE also signed a 5,871-square-foot lease at U.S. Bancorp Center at 800 Nicollet Mall to provide a downtown option for its advisory employees. CBRE’s Brandon Megal represented the company in the transaction. The U.S. Bancorp Center is a 937,000-square-foot, 32-story building owned by Piedmont Realty Trust that has recently undergone extensive renovations. Additionally, CBRE inked a 27,331-square-foot lease at One Meridian in Richfield to house its BSO, property management accounting and investment accounting and reporting businesses. CBRE’s John Lorence represented the company in the lease. The 204,862-square-foot, eight-story building, also owned by Piedmont Realty Trust, is undergoing renovations. CBRE employees will relocate from Two MarketPointe in Bloomington into the three new office spaces in the first half of 2027. The new offices are part of CBRE’s Workplace360 program, which showcases the company’s “Future of Work” space standards, including technology and collaborative spaces …
CAMP HILL, PA. — CBRE has arranged the sale of West Shore Office Center, a 91,306-square-foot office building in Camp Hill, a southern suburb of Harrisburg. The seven-story building at 214 Senate Ave. was fully leased at the time of sale to tenants such as Morgan Stanley, Merrill Lynch, JEM Group, Hersha Hospitality and the U.S. Army Corp. of Engineers. Steve Marzullo, Adam Silverman, Jeremy Shyk and David Sickler of CBRE represented the undisclosed seller in the transaction and procured the buyer, locally based investment firm Linlo Properties.
NEW YORK CITY — ProMedia has signed a 27,780-square-foot office lease in Manhattan’s Hudson Square area. The production and media infrastructure company has committed to a full floor at 250 Hudson Street for the next 15 years. Gordon Ogden and Ava Beganovic of Bradford Allen represented ProMedia in the lease negotiations. Brett Greenberg and Adam Rappoport internally represented the landlord, Jack Resnick & Sons.
CHICAGO — JLL has arranged approximately $113 million in construction financing and joint venture equity for an office-to-residential conversion project located along downtown Chicago’s “Magnificent Mile” corridor. The sponsor, Commonwealth Development Partners, purchased the 25-story office building at 500 N. Michigan Ave. in August 2025 in partnership with Triangle Capital Group. That deal traded off-market and fetched a sales price of $5 million. Commonwealth is now in the process of converting the building into a 320-unit apartment community. Construction on the redevelopment began in May and is slated for a spring 2028 completion. The financing package consists of a $71.5 million nonrecourse construction loan from Santander Bank and $41.8 million in joint venture equity that was provided by Washington Capital Management on behalf of one of its institutional clients. Chris Knight, Ryan Planek and Annie Thomas of JLL secured both components of the package on behalf of Commonwealth. Upon completion, the adaptive reuse project will feature studio, one- and two-bedroom units, 64 of which will be designated as affordable housing. The development will offer amenities such as a rooftop pool, fitness center with a yoga room, coworking space, a multi-sport simulator, theater and concierge services. Residents at 500 N. Michigan …
SAN ANTONIO — Locally based owner-operator Worth & Associates has acquired The Commons at Concord Park, a 108,116-square-foot office complex in San Antonio’s Stone Oak neighborhood. The property comprises four buildings with suites that range in size from 1,254 to 9,790 square feet. Todd Mills of Cushman & Wakefield represented the undisclosed seller in the transaction. Shawn Gulley represented Worth & Associates, which plans to make capital improvements to the property, on an internal basis.
BREA, CALIF. — The Whittier Comstock, a subsidiary of MW Investment and owned by Matt Waken, purchased Fairway Center II, an office property in Brea, from an undisclosed seller for $27.8 million. Anthony DeLorenzo, Sammy Cemo, Bryan Johnson and Jackson Marlow of CBRE represented the seller in the transaction. Shaun Moothart and Andrew Post of CBRE secured financing for the buyer. Located at 675 Placentia Ave., Fairway Center II offers 135,308 square feet of office space that was 70.5 percent leased at the time of sale. The County of Orange, Calif., occupies more than 61,000 square feet of the three-story building under a long-term lease. Situated on 7.8 acres, the asset also features 617 parking spaces in an onsite parking structure.
NEW YORK CITY — Walker & Dunlop (NYSE: WD) has arranged a $293 million loan for the refinancing of 40 Tenth Avenue, a 158,957-square-foot mixed-use building located in Manhattan. The property sits in the city’s Meatpacking District near Little Island, Hudson River Park and the Whitney Museum of American Art. 40 Tenth Avenue features 112,241 square feet of office space across floors three through 10, with 46,716 square feet of retail space situated on the first and second floors. Dustin Stolly, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Jordan Casella and Stanley Cayre of Walker & Dunlop secured the fixed-rate, permanent loan through Corebridge Financial on behalf of the borrower, a joint venture between Aurora Capital and William Gottlieb Real Estate. “40 Tenth Avenue stands out in building quality, location and experience — all elements that differentiate a property for tenants,” says Stolly, senior managing director of the Capital Markets Institutional Advisory team at Walker & Dunlop. “The fully leased office component, institutional tenant roster and substantial outdoor space demonstrate the continued demand for high-touch, well-located workplaces in New York.” According to Walker & Dunlop, the Meatpacking District is one of Manhattan’s most supply-constrained office and retail submarkets, making physical expansion and new commercial ground-up …
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