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1020-Spring
GeorgiaLoansOfficeSoutheast

Eldridge Capital Provides $278M Loan for Refinancing of Midtown Atlanta Office Tower

by Abby Cox

ATLANTA — Eldridge Capital Management has provided a $278 million loan to refinance Ten Twenty Spring, a 540,000-square-foot office tower located in Midtown Atlanta. Locally based Portman and funds affiliated with Blackstone Real Estate own the 25-story tower, which anchors Portman’s Spring Quarter mixed-use development at the corner of Spring and 10th streets. Ten Twenty Spring features floor-to-ceiling windows and 360-degree panoramic views of the city. Amenities include an indoor-outdoor bar; a multi-course, rooftop Japanese dining experience; 16,000 square feet of private office terraces; a coworking lounge; historic gardens, ground-floor retail space; and connectivity to the MARTA Midtown station. The tower was fully delivered in 2024. Tenants at Ten Twenty Spring include EY, Reed Smith and Pinnacle Financial Partners, which recently announced it will establish its corporate headquarters across five floors of the building. In addition, Sozou, a modern Japanese restaurant by Chef Fuyuhiko Ito, will open this summer. 

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AcquisitionsMassachusettsNortheastOfficeRetail

ABG Commercial Negotiates $7M Sale of Retail, Office Building in Natick, Massachusetts

by Taylor Williams

NATICK, MASS. — Locally based brokerage firm ABG Commercial Realty has negotiated the $7 million sale of a 24,448-square-foot office and retail building in the western Boston suburb of Natick. According to LoopNet Inc., the building at 801 Worcester St. was completed in 1985. Bernard Gibbons of ABG Commercial represented the buyer, Empire Management, in the transaction. JLL represented the seller, Cognex, a locally based manufacturer of machine vision systems, software and industrial barcode readers.

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Leasing ActivityNew YorkNortheastOffice

Baker McKenzie Signs Office Lease Renewal, Expansion in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Baker McKenzie has signed an office lease renewal and expansion in Midtown Manhattan. The law firm now occupies 121,833 square feet across more than seven floors at 10 Bryant, a 30-story building located at 452 Fifth Ave. Paul Glickman, Ben Bass and Kate Roush of JLL represented the landlord, Property & Building Corp. Ltd., in the lease negotiations. David Goldstein and John Mambrino of Savills represented the tenant.

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900-19th-street-nw
AcquisitionsDistrict of ColumbiaOfficeSoutheast

PRP Acquires 116,385 SF Office Tower in Downtown D.C.

by Abby Cox

WASHINGTON, D.C. — PRP Real Assets has acquired 900 19th Street NW, a 116,385-square-foot office tower located in Washington D.C’s Central Business District, roughly three blocks west of the White House. According to the Washington Business Journal, the property sold for $30 million. The previous owner, Tishman Speyer, completed a base-building and aesthetic redevelopment of the property, which featured a full-height glass curtain wall replacement, lobby reconstruction, elevator modernization and the addition of a fitness center, tenant lounge, conference facility and rooftop terrace. Approximately 50,000 square feet is available for lease, according to PRP.

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PSRS-San-Bernardino-CA
CaliforniaLoansOfficeWestern

PSRS Arranges $11.2M Loan for Refinancing of Office Building in San Bernardino, California

by Amy Works

SAN BERNARDINO, CALIF. — Commercial mortgage banking firm PSRS has arranged a $11.2 million loan for the refinancing of a nine-story office building in San Bernardino. At the time of financing, the 126,000-square-foot property was 89 percent leased to tenants such as the Internal Revenue Service (IRS) and the City of San Bernardino. Jacob Lee and Nathan Toomey of PSRS arranged the loan, which was structured with a five-year term, a 25-year amortization schedule and a dedicated reserve for capital expenditures. The direct lender and borrower were not disclosed.

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111-Congress
AcquisitionsOfficeTexasTop Stories

Canyon Creek Acquires One Eleven Congress Office Tower in Downtown Austin for $208M

by Abby Cox

AUSTIN, TEXAS — Canyon Creek Real Estate has acquired One Eleven Congress, a 533,711-square-foot office tower located in downtown Austin, for $208 million. Eastdil Secured Savills represented the seller, Atlanta-based Cousins Properties (NYSE: CUZ), in the transaction. “One Eleven Congress is a well-established and highly regarded property that provides Canyon Creek with an exceptional entry into the Austin market,” says Ron Welborn, partner at Canyon Creek. “We are excited to build upon the property’s strong reputation by enhancing the tenant experience and creating an environment that continues to meet the evolving needs of both existing and future tenants.” Built in 1987, One Eleven Congress is a 30-story building that’s situated at the gateway between Austin’s Central Business District and the Lady Bird Lake waterfront. According to the Austin Business Journal, the office tower was 84 percent leased as of June 2025, with tenants including RigUp, Disco, Husch Blackwell LLP and Wells Fargo. The building also features Fareground, a ground-floor food hall with restaurants such as Austin Rotisserie, Ciccio Bomba, Desnudo, Four Brothers and Taco Pegas, among others. ELM Restaurant Group managed Fareground upon its initial opening in January; Richard Sandoval Hospitality took over management after the September 2021 opening.  Additional amenities …

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Woodbranch-Plaza-Houston
DevelopmentOfficeTexasUncategorized

Stena Real Estate to Renovate 580,558 SF Office Campus in Houston’s Energy Corridor

by Taylor Williams

HOUSTON — Stena Real Estate AB, the American ownership arm of Swedish investment company Stena Property, will renovate Woodbranch Plaza, a 580,558-square-foot office campus located in the Energy Corridor submarket of West Houston. Woodbranch Plaza is a four-building campus that offers amenities such as a fitness center, conference facilities and a deli. As part of the capital improvement program, ownership plans to activate additional shared amenity spaces and upgrade the lobby, common areas and restrooms, as well as enhance the landscaping and other outdoor green spaces. Stena, which has tapped Transwestern as the property’s new leasing agency, is also in the process of constructing speculative office suites.

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AcquisitionsOfficeTexas

Newmark Brokers Sale of 376,259 SF Office Campus in North Dallas

by Taylor Williams

DALLAS — Newmark has brokered the sale of Tollway Plaza, a 376,259-square-foot office campus located at 16000 Dallas Parkway in North Dallas. The campus comprises two eight-story buildings on a 7.4-acre site that were constructed in the late 1990s. The campus was 91 percent leased at the time of sale to a tenant roster with a weighted average remaining lease term of 5.5 years. Robert Hill, Gary Carr, Chris Murphy and Austin Sheahan of Newmark represented the seller, Buchanan Street Partners, in the deal. Chris McColpin, Nick Scribani, Clint Frease, Andrew Porteous and Josh Francis, also with Newmark, arranged acquisition financing for the deal on behalf of the buyer, a partnership led by Tourmaline Capital Partners.

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Leasing ActivityMassachusettsNortheastOffice

Ratio Therapeutics Signs 17,000 SF Office Lease Expansion in Boston’s Seaport District

by Taylor Williams

BOSTON — Ratio Therapeutics has signed a 17,000-square-foot office lease expansion in Boston’s Seaport District. The developer of radiopharmaceuticals for cancer patients will remain at the Innovation & Design Building, a 1.4 million-square-foot mixed-use property that was originally constructed in 1918 as a waterside storehouse for the South Boston Army Base. Ratio Therapeutics was self-represented in the lease negotiations. A partnership between Related Beal and Jamestown owns the building.

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601-Potrero-Grande-2100-Saturn-St-Monterey-Park-CA
AcquisitionsCaliforniaDevelopmentMultifamilyOfficeWestern

Olson Co. Buys Office Property in Monterey Park, California for $24.8M, Plans Residential Conversion

by Amy Works

MONTEREY PARK, CALIF. — The Olson Co. has acquired a 7.9-acre office campus in Monterey Park, located east of downtown Los Angeles, for $24.8 million. The buyer plans to redevelop the two-building, 120,191-square-foot property into a residential community. Originally built in 1980, the campus was previously owned and occupied by Blue Shield of California. The property includes a three-story, 91,363-square-foot office building at 601 Potrero Grande Drive and a companion office building at 2100 Saturn St. The campus provides 508 surface parking spaces and is zoned Saturn Park under Monterey Park’s McClaslin Business Park overlay. Ryan Campbell of NAI Capital Commercial represented the buyer in the deal, while Andrew Harper, Jeff Bramson and Will Poulsen of JLL represented the seller.

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