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.
ATLANTA — Allen Morris Co., a mixed-use developer based in Coral Gables, Fla., has received a $113.7 million loan from Mexico-based Banco Inbursa for the refinancing of Star Metals Offices, a 267,000-square-foot office tower in Atlanta’s West Midtown neighborhood. The transaction will retire the existing construction loan provided by Bank OZK and Barings. “This refinancing is a testament to the quality and curation of what we have built at Star Metals Offices,” says Spencer Morris, president of Allen Morris Co. “Securing this financing package from Banco Inbursa — an institution that has become one of the most active and discerning real estate lenders in the country — reflects the caliber of our tenants, our retail program and the broader Star Metals District vision.” The 15-story office tower, which is 97 percent leased, opened in July 2021 and is the centerpiece of the $1.5 billion Star Metals District development. Tenants include Outreach, a new-to-market tech company; Nike’s regional technology hub; Signature, a leading coworking group; PrizePicks; Nelson Architecture; Brand Apart; PagerDuty; Sovos; and BMI, among others. Designed by Oppenheim Architecture and Warner Summers Architecture, Star Metals Offices features exterior balconies on each level, as well as a coffee shop, outdoor lounges/workspaces, a 5,000-square-foot rooftop restaurant …
NEW YORK CITY — ACORE Capital has provided a $110 million loan for the refinancing of 370 Lexington Avenue, a 317,000-square-foot office building located in the Grand Central submarket of Midtown Manhattan. The building was originally constructed in 1929 and recently underwent renovations to the lobby, elevators, building access systems, hallways and bathrooms. The loan was executed as part of a larger, $138 million recapitalization, additional terms of which were not disclosed. The sponsor is a partnership between two locally based owner-operators, Broad Street Development and KSR Capital. Peter Greisinger arranged the financing.
ATLANTA — Rayonier Inc., a publicly traded land resources REIT, has signed a lease to occupy 36,000 square feet at Terminus 100, a mixed-use tower in Atlanta’s Buckhead district. Set to open in 2027, Rayonier’s office will serve as the company’s new headquarters following the closing of its merger with PotlatchDeltic Corp., a forest products manufacturer based in Spokane, Wash. Rayonier plans to keep an office presence in Spokane and Wildlight, Fla., following its corporate relocation to Atlanta. JLL represented the tenant in the lease negotiations and will serve as Rayonier’s property manager for its new office build-out at Terminus 100. Other project team members include ASD| SKY (interior designer) and rand* construction (general contractor). Cousins Properties is the landlord of Terminus 100, where Rayonier will occupy one-and-a-half floors.
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.
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