FORT WORTH, TEXAS — Local investment firm SkyWalker Property Partners has purchased Alliance Commerce Center, a 73,747-square-foot office building in North Fort Worth. The building is located within AllianceTexas and was 90 percent leased at the time of sale. Cameron Deptula and Blake Schur of Davidson Bogel represented the seller, Group O, in the deal. Jack Mock and Chris Aguilar internally represented SkyWalker.
DENVER — BMC Investments has sold 255 Fillmore, a Class A mixed-use building in Denver’s Cherry Creek neighborhood. A high-net-worth family office acquired the asset for an undisclosed price. Tim Richey of Newmark represented the seller in the deal, while Lincoln Property Co. served as investment advisor for the buyer. Alex Foshay and Kevin Shannon of Newmark also supported the transaction. Delivered in 2024, 255 Fillmore features 90,000 square feet of office space and 10,000 square feet of ground-floor retail space. The seven-story property is fully leased to multiple office tenants and three retail/restaurant tenants, including Le Colonial restaurant.
DALLAS — A partnership between Estein USA and Vanderbilt Office Properties has acquired Pinnacle Tower, a 549,170-square-foot office building in North Dallas. The seller was New York Life. The 24-story building, which was 88 percent leased at the time of sale, offers amenities such as a café, tenant lounge, conference center, coffee bar, outdoor amenity area and a fitness center. The new ownership has tapped JLL as the building’s leasing agent.
NEW YORK CITY — The Hudson Cos. Inc. and its affiliate, Broadway Builders LLC, have signed an 18,200-square-foot office lease in Manhattan’s Flatiron District. The joint tenancy will occupy the entire 12th floor at 902 Broadway under an 11-year lease. Benjamin Waller and Daria Ghasemi of ABS Partners Real Estate represented the tenants in the lease negotiations. Max Koeppel of Koeppel Rosen represented the landlord on an internal basis.
SCOTTSDALE, ARIZ. — Diversified Partners has closed on a waterfront property in Scottsdale that will become The Lakefront at Scottsdale, a mixed-use redevelopment. The project will revitalize a landmark waterfront site in Scottsdale, transforming a long-established location into a destination for dining, retail and gathering spaces. The 100,000-square-foot property will be redeveloped in phases offering restaurant, retail and office space centered around walkability, gathering spaces and waterfront activation. Originally developed in 1978, the redevelopment will preserve elements of the property’s longstanding architectural character while modernizing the site to serve the needs of the Scottsdale community. The Lakefront at Scottsdale will feature signature restaurants with outdoor dining overlooking the lake, boutique and experiential retail concepts, luxury wellness and lifestyle tenants and Class A office space with waterfront views, as well as a small marina with Duffy boat rentals. Construction is slated to start in third-quarter 2026 with the first phase focused on demolition and development of the restaurant and retail components. The second phase scheduled to begin in early 2027 and focus on the redevelopment of the remaining retail and office portions.
ROSEMONT, ILL. — NAI Hiffman has negotiated a 2,748-square-foot office lease for Horn-McGowan Insurance Agency at 5500 Pearl Street in Rosemont. The lease brings the four-story building to 100 percent occupancy. Owner Integris Ventures purchased 5500 Pearl Steet in 2018 and upgraded the amenities to include a fitness center, lounge, game room and boardroom. NAI Hiffman was engaged by ownership in 2019 to oversee the upgrades and leasing and marketing strategy. Jason Wurtz, Jack Reardon and Sarah Walker of NAI Hiffman represented Integris Ventures in the negotiations.
PHILADELPHIA AND FALLS TOWNSHIP, PA. — Urban Outfitters Inc. (NASDAQ: URBN), a global portfolio of apparel retail brands and physical shops that includes Urban Outfitters, Anthropologie and Free People, is making a major investment in its home market of metropolitan Philadelphia. The company has announced that it will open a new facility for its Nuuly brand in Falls Township, a city located 28 miles northeast of Philadelphia in Bucks County. According to Urban Outfitters, the new facility will create 600 jobs and work in tandem with the existing 600,000-square-foot Nuuly distribution center in Raymore, Mo., that opened in 2024. Further details about the Falls Township facility were not released. Nuuly is a monthly subscription service that lets patrons rent apparel from URBN’s various brands. According to the Philadelphia Business Journal, Nuuly represents almost 10 percent of URBN’s total net sales. In addition to the new facility, URBN plans to invest at least $150 million in capital and create 450 jobs at its global headquarters campus at the Philadelphia Navy Yard. The company has been headquartered at the former shipyard since 2006 and recently opened the 117,000-square-foot Building 16. Today, URBN employs roughly 2,500 staffers at the Navy Yard, which includes adaptive …
PLANO, TEXAS — JLL has negotiated a 75,000-square-foot office lease at APEX at Legacy, a 220,000-square-foot building located at the intersection of Dallas North Tollway and Sam Rayburn tollways in Plano. The deal with the tenant, cloud-based educational software company PowerSchool, brings APEX at Legacy to 97 percent occupancy. Blake Shipley, Gini Rounsaville and Michael Williams of JLL represented the undisclosed landlord in the lease negotiations. Stephen Salomon, Will Haynes and Jad Charif of CBRE represented the tenant.
SOMERSET, N.J. — Sprouts Farmers Market will open a 28,750-square-foot grocery store in the Central New Jersey community of Somerset. The Phoenix-based grocer is taking space at the 219,000-square-foot Somerset Shopping Center. Vanessa Kelty and Ed Vasconcellos of Levin Management Corp. represented the undisclosed landlord in the lease negotiations. Mike Horn and Steven Winters of RIPCO Real Estate represented Sprouts. A tentative opening date has not yet been announced.
AUSTIN, TEXAS — Creative Action, a youth arts education organization, will open a 25,000-square-foot headquarters at Mueller, a 700-acre mixed-use district in North Austin that is a redevelopment of a former municipal airport. The space will be housed across two levels within a two-story building and will include 15,000 square feet for performing arts and communal gathering functions. The other 10,000 square feet will house programming and administrative space.
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