IRVING, TEXAS — Continental Battery Systems will open a new, 25,793-square-foot headquarters in Irving. The provider of batteries for the automotive, marine and industrial sectors signed a 10-year lease at 750 N. John Carpenter Freeway with plans to bring or create about 95 new jobs within the local economy. The company plans to take occupancy of its new space in the coming weeks.
ROSLYN, N.Y. — Marcus & Millichap has brokered the $7.1 million sale of two office buildings totaling 28,714 square feet in the Long Island community of Roslyn. The buildings sit on a 1.5-acre site at 200-220 S. Service Road. Michael Tuccillo and Anthony Cerrone of Marcus & Millichap represented the undisclosed seller in the transaction and procured the buyer for the building at 200 S. Service Road. Global Realty Services USA procured the buyer for 220 S. Service Road. All parties requested anonymity.
BALTIMORE — Bayview PACE has closed $15.7 million in C-PACE financing for Plaza Baltimore, an adaptive reuse project located at 1 S. Calvert in downtown Baltimore. The borrower, Philadelphia-based MIRA Properties, is leading the $57 million repositioning of the former bank headquarters building into 157 Class A apartments, as well as 8,162 square feet of commercial space on the ground level. Morgan State University recently announced that it will fully lease the building and operate the property for student housing. Amenities will include a rooftop deck, resident lounge, billiards, movie room and bike storage. The design-build team includes MIRA Construction, an affiliate of MIRA Properties, and locally based SETO Architects.
CHICAGO — Huntington Bank has signed a 10-year, 23,223-square-foot lease expansion at 222 N. LaSalle Street, growing its footprint to approximately 60,900 square feet at the 26-story building in downtown Chicago. Tishman Speyer owns the riverfront tower. The bank has operated at the property since 2011. Ellen May and Steve Golz internally represented Tishman Speyer, which also serves as property manager and leasing agent. Constructed in 1926, the building has recently undergone an expansive renovation program. The 1 million-square-foot tower is now 87 percent leased. All tenants have access to ZO Clubhouse, Tishman Speyer’s amenity network.
CARMEL, IND. — Cushman & Wakefield has brokered the $12.3 million sale of Monon & Main, a four-story, 34,650-square-foot office and retail property located at 211 W. Main St. in the northern Indianapolis suburb of Carmel. Situated in the Carmel Arts & Design District, Monon & Main was fully leased at the time of sale. Built in 2018, the property is comprised of 79 percent office and 21 percent retail space. Rebecca Wells of Cushman & Wakefield represented the seller, a private partnership led by the Hannum family. The buyer was a private investor.
NEW YORK CITY — NYC Alliance, the apparel company behind brands like Juicy Couture, Frye and 525 America, has signed a 10-year, 50,000-square-foot office lease, inclusive of showroom space, at 1441 Broadway in Midtown Manhattan. NYC Alliance is relocating and expanding from its nearby office at 1411 Broadway to the entire 15th and 16th floors, as well as part of the 17th floor, at the 34-story building. Peter Braus, Dennis Someck, Todd Korren and Justin Myers of Lee & Associates represented the tenant in the lease negotiations. Rick Doolittle, J.P. Howard, Taylor Bell and Michael Joseph of Colliers represented the landlord, L.H. Charney Associates.
LINCOLNSHIRE, ILL. — Quill, a provider of office equipment, supplies and technology products, has signed a 60,000-square-foot office lease renewal at 300 Tri State International Drive in the northern Chicago suburb of Lincolnshire. The office is within Tri State Lincolnshire, a five-building, 560,000-square-foot office complex owned, operated and leased by Bradford Allen. Quill relocated to the property in 2023. Dan Fernitz of Bradford Allen negotiated the lease on behalf of ownership, which has invested more than $30 million in improvements since acquiring Tri State Lincolnshire in 2017.
Atlanta’s office market has begun a new phase of stabilization, recovery and momentum. Following years of workplace adjustments brought on by the pandemic, real-time market data now points to a steady and sustained comeback. Companies are expanding their office footprints and establishing return-to-office (RTO) policies that are bringing employees back together. Whether you are a local resident noticing busier morning commutes or a business owner curious about the local economy, current real estate trends offer a fascinating look at where Atlanta is heading. Statewide momentum Georgia continues to prove its status as a top destination for business recruitment and organic growth. Atlanta acts as the central engine, supported by a highly skilled workforce and a welcoming business climate, which supports the health of the local office market. Recent high-profile corporate announcements highlight this momentum. For example, healthcare technology company Glytec recently announced plans to relocate its global headquarters to the Northwest Atlanta submarket. This major move will bring 500 new jobs to the metro area. Other significant commitments include UCB’s massive investment to establish its first United States manufacturing facility and Yamaha Motor Co.’s decision to relocate its national headquarters to Atlanta, not to mention Rivian’s ongoing growth in the …
DALLAS — VMG Health, a healthcare consulting firm, has signed a 30,203-square-foot office lease in downtown Dallas. The space is located within One Victory Park, a 20-story, 435,606-square-foot building. Matt Schendle and Carrie Halbrooks of Cushman & Wakefield represented the landlord, Clarion Partners, in the lease negotiations. The tenant representative was not disclosed.
MELVILLE, N.Y. — Nationwide Mortgage Bankers (NMB), a locally based financial institution, has opened a 30,000-square-foot office headquarters at 1305 Walt Whitman Road in Melville, a community located on Long Island. The space features a podcast streaming center, digital media studios and a 65-seat technical training facility. NMB plans to immediately bring about 100 jobs to the facility and hire more in the coming months. The Feil Organization owns the building.
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