ENGLEWOOD CLIFFS, N.J. — New York City-based Andalex Group has recapitalized Sylvan Corporate Center, a four-building, 276,000-square-foot office and healthcare campus in the Northern New Jersey community of Englewood Cliffs. RXR, Waterfall Asset Management and New York Life Investment Management jointly funded the recapitalization, though details on specific changes within the debt and equity components of the property’s capital stack were not disclosed. In connection with the recapitalization, Englewood Health executed a 20-year lease expansion and extension that will double its footprint at the property to approximately 202,000 square feet.
HERNDON, VA. — Enverra Real Estate has acquired Caywood, a 260,000-square-foot office campus located at 13221 and 13241 Woodland Park Drive in Herndon, a Washington, D.C., suburb near Washington Dulles International Airport. The purchase price was $42 million, according to multiple media outlets. Drew Flood of Cushman & Wakefield represented the undisclosed seller, and Michael Zelin, also with Cushman & Wakefield, arranged acquisition financing on behalf of Enverra. Lincoln Property Co. will serve as property manager, and Tim Summers of Cushman & Wakefield will handle leasing. The campus, which was fully renovated by the previous ownership, was 95 percent leased at the time of sale to tenants such as Small Business Association, Vulcan Materials, Four Points Technology LLC, Occam Solutions and NIHA Technologies, among others. Recent improvements at the campus include renovated, hospitality-style lobbies, a 100-person conference center, fitness and wellness center, tenant lounge with coworking space and outdoor collaboration areas and landscaped terraces. Enverra plans to open a full-service café off the lower-level lobby and add coffee service across the campus; bring additional tenant services to the property; implement a tenant experience program; and provide a multimillion-dollar investment for back-of-house upgrades including replacements to the cooling tower, HVAC and building …
NEW YORK CITY — Investment bank and financial services company Oppenheimer & Co. has signed an approximately 220,000-square-foot office headquarters lease in Lower Manhattan. The space spans six floors within 32 Old Slip, a 36-story building that features a newly renovated lobby, coffee bar and a 13,000-square-foot conference center. Gensler is designing the space, and Oppenheimer expects to take occupancy during the first quarter of 2028. JLL represented the firm in its site selection and lease negotiations. Local development and investment firm RXR owns 32 Old Slip.
PHOENIX — Concord Place Investments has completed the disposition of Concord Place, a six-story office building at 2999 N. 44th St. in Phoenix. Mustang Stampede Two LLC acquired the asset for $32 million. Defined by its patinated copper dome, Concord Place features 135,841 square feet of office space in small-scale suites, ranging from 900 square feet to 4,500 square feet. The property also features an all-stone façade, patios, balconies, a grand staircase lobby, flagstone-clad plazas and a 12,800-square-foot koi pond. Additionally, the sixth floor features a hand-painted mural by Navajo artist David Johns that spans the domed ceiling of the conference room. Chris Toci and Eric Wichterman of Cushman & Wakefield represented the seller. Tyson Breinholt of Commercial Properties represented the buyer in the deal.
MAYFIELD HEIGHTS, OHIO — AmTrust Financial Services Inc. has leased the entirety of a 102,065-square-foot office building at 6055 Parkland Blvd. in Mayfield Heights, an eastern suburb of Cleveland. Property owners Time Equities Inc. and Cleveland-based Legacy RHM Capital acquired the asset in June 2025. The building features direct visibility from I-271 and structured underground parking. AmTrust, a global specialty insurer, signed a 15-year lease.
PLANO, TEXAS — AT&T (NYSE: T) has broken ground on its $1.3 billion headquarters campus in Plano, about 20 miles north of Dallas. The 54-acre campus is ultimately planned to feature 2.2 million square feet of space across seven buildings, as well as three parking garages and a welcome center. The telecommunications giant is consolidating roughly 100,000 employees at the new campus. According to the Dallas Business Journal, AT&T employees will relocate to the Plano office from AT&T’s current headquarters at the Whitacre Tower in downtown Dallas, as well as satellite offices in Irving and Plano. The site formerly housed the headquarters campus for Ross Perot’s Electronic Data Systems (EDS), according to Dallas Business Journal. The former EDS buildings were demolished in August to make way for AT&T. AT&T is developing the horizontally designed campus in partnership with groups such as Dallas-based developer KDC and global architecture firm Gensler. Employee parking was a critical design element for Gensler, which says that all parking will be covered and situated less than three minutes from a building’s front door. Additionally, the campus core will be positioned within a quarter mile from all parking options. The newly constructed buildings will be outfitted with …
DALLAS — Granite Properties has sold Factory Six03, a 215,111-square-foot office building in the West End area of Dallas. Granite opened FactorySix03 in 2017 as a redevelopment of a 114-year-old historic building that originally housed the headquarters of the Brown Cracker and Candy Co. and subsequently served as a warehouse, marketplace and movie theater. Today, the building is 78 percent leased, with Sam’s Club and Blue Cross Blue Shield serving as the anchors. Todd Savage, Russell Ingrum, Jared Chua, Kelsey Shebay, Matt Murphy, Cole Sutter and Kiana Nemati of Cushman & Wakefield represented Granite in the transaction. The buyer was Houston-based investment firm The Deal Company (DealCo.)
DALLAS — Cushman & Wakefield has negotiated two office leases totaling 20,155 square feet at 400 Record St. in downtown Dallas. The deals are for a 13,447-square-foot renewal with Republic Property Group and a 6,708-square-foot new lease with the Dallas Economic Development Corp. Rodney Helm and Matt Schendle of Cushman & Wakefield represented the landlord, Labora, in both sets of lease negotiations. Robert Blount and Hudson Woods of CBRE and Sharon Morrison and Chelby Sanders of Cresa represented the tenants, respectively.
COLUMBUS, OHIO — Law firm BakerHostetler has signed a five-year lease renewal for its 66,625-square-foot office space at 200 Civic Center Drive in downtown Columbus. The lease marks. The largest private sector office lease signed in the central business district since the start of the pandemic, according to JLL. Following the renewal, JLL is now marketing 15,559 square feet of top-floor space on the building’s 14th floor. Andy Dutcher and Joey Lamb of JLL represented the building owner, CC 13 LLC, an affiliate of Columbus-based Lawyers Development Corp. Phil Pelock of CBRE represented BakerHostetler. Located along the Scioto River, the office building features an attached 482-space parking garage, an updated lobby with an art gallery and café, a fitness center, shared conference space and onsite property management and security services. The building sits along the route of The Capital Line, a $100 million pedestrian and bicycle pathway currently under construction and expected to be completed in 2027.
CHICAGO — Cushman & Wakefield has brokered the sale of 121 W. Wacker, a 41-story office tower overlooking the Chicago River. The buyers, Chicago-based investors Ken Buckman and Robert Castillo, intend to invest substantial capital to re-energize the nearly century-old building. Planned enhancements include a significant upgrade to the outdoor amenity terrace and 24th-floor conference center, a remodeled restaurant and bar managed by a Chicago hospitality firm and a refreshed main lobby. Ware Malcomb will oversee all interior and exterior architecture, with Ameritus continuing as the building’s property manager. Completed in 1930 and designed by Chicago architects Holabird & Root, the 441,030-square-foot property stands as one of the city’s most recognizable Art Deco skyscrapers. Originally known as the LaSalle-Wacker Building, the tower is located at the gateway to Chicago’s historic LaSalle Street corridor. The building is now included within the West Loop-LaSalle Street Historic District on the National Register of Historic Places. United Airlines and McDonald’s both maintained offices at the property previously. Cody Hundertmark and Tom Sitz of Cushman & Wakefield represented the seller, Chicago-based Ameritus. Cushman & Wakefield has been retained as the leasing agent for the property, with Mason Taylor and Paige Krueger leading leasing efforts. According …
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