DALLAS — Balfour Beatty has signed a 35,139-square-foot office lease in the Victory Park area of Dallas. The construction and infrastructure development company is taking space at One Victory Park, a 20-story, 435,606-square-foot building. Matt Schendle and Carrie Halbrooks of Cushman & Wakefield represented the landlord, New York City-based investment firm Clarion Partners, in the lease negotiations. Andrew Cheney of Lee & Associates, along with Phil Puckett and Harlan Davis of CBRE, represented Balfour Beatty.
HOUSTON — PAGEWOOD has purchased a 14,000-square-foot office and retail building at 1440 Brittmoore Road in West Houston with plans to undertake a redevelopment. The local owner-operator plans to occupy 6,000 square feet within the building for its new headquarters and to tenant the remainder of the space with food-and-beverage and/or fitness concepts. The project, which will be known as The Outpost at Brittmoore, is expected to be complete in the fourth quarter.
PFLUGERVILLE, TEXAS — Tampa-based brokerage firm Franklin Street has arranged the sale of a 12,705-square-foot office building in the northern Austin suburb of Pflugerville. The building at 508 Old Austin Hutto Road was built in 2013 and will be the future home of the Cameron Road Church of Christ. Marshall Durrett and Laura Fretwell of Franklin Street represented the church in the transaction. The seller was an entity doing business as Government Leases LLC.
NEW YORK CITY — Betches Media has signed a 23,028-square-foot office lease in Midtown Manhattan. The female-led producer of digital content is relocating from 43 W. 24th St. to the entire sixth floor at 360 Park Avenue South, a newly renovated, 440,000-square-foot building. Shay Bolton, Kirill Azovtsev and Jim Wenk of Savills represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.
HERNDON, VA. — Newmark has brokered the approximately $28 million sale of Monument III, a nearly 200,000-square-foot office building located in Herndon, a city in Northern Virginia’s Dulles Technology Corridor. New York City-based Crown Properties purchased the building from Santander Bank. Jud Ryan, James Cassidy and Grant Marley of Newmark represented the seller in the transaction. Joe Donato and Andrew Asbill, also with Newmark, secured acquisition financing for Crown Properties. The buyer has tapped Andy Klaff, Stephen Hoffeditz, Dominic Orcino, Debbie Cross and Wes Evans of Newmark to oversee leasing efforts at Monument III. Upon closing of the sale, the Newmark team extended a 58,977-square-foot lease with anchor tenant Serco Inc. Crown Properties plans to invest in capital improvements at the property, including a new fitness center with locker rooms and showers, a new golf simulator and upgrades to the lounge and café.
WINNETKA, ILL. — JPMorgan Chase has opened its new three-story office building at the corner of Green Bay Road and Elm Street in Winnetka. Located at the site of the North Shore’s first-ever bank, the building houses J.P. Morgan Private Bank’s new North Shore office and Client Center. A new Chase retail branch anchors the ground floor. The development doubles the square footage of the former site to 34,000 square feet. Designed by Gensler, the project created 250 local jobs through construction, with 20 percent of the work awarded to local minority and women-owned businesses. With more than 14,500 employees, JPMorgan Chase is one of Chicagoland’s largest employers. The commercial history of the site dates to 1855 when a general store opened. In 1894, the North Shore’s first bank opened inside the store.
ALLEN, TEXAS — A partnership between two investment firms, New York-based Town Lane and Dallas-based Gillon Property Group, has acquired Watters Creek Village, a 460,000-square-foot retail and office property located in the northeastern Dallas suburb of Allen. Built on 46 acres in 2008, Watters Creek Village consists of 360,000 square feet of retail space that is anchored by a Market Street grocery store and 100,000 square feet of boutique office space. Other retail tenants include Anthropologie, Barnes & Noble, Lululemon, Mi Cocina, Pure Barre, Sephora and Warby Parker. A fund backed by Ares Real Estate financed the acquisition. The seller and sales price were not disclosed. The new ownership plans to make capital improvements to the property.
ATLANTA — Choate Construction has signed a lease to relocate its corporate headquarters to Terraces, a 1 million-square-foot office campus in Atlanta’s Central Perimeter submarket. The locally based general contractor will move its more than 200 employees to the two-building campus in first-quarter 2027. The 57,000-square-foot lease brings Terraces to 80 percent occupancy. Brooke Dewey and Glenn Aspinwall of JLL represented the landlord, MetLife Investment Management, which manages Terraces on behalf of an undisclosed client. Jeff Heller and John Winter of Stream Realty Partners represented Choate Construction. Smallwood is providing interior design services for the tenant’s new space, as well as branding and graphic design services.
NEW YORK CITY — EPIC Insurance has signed an office lease expansion in Midtown Manhattan. The company now occupies 25,500 square feet at 1140 Avenue of the Americas, a 22-story building that was constructed in 1925. Josh Kuriloff, Matthias Li, Pierce Hance, Heather Thomas and Nicole Estevez of Cushman & Wakefield represented the undisclosed landlord in the lease negotiations. Eric Deutsch and Jared Freede of CBRE represented EPIC.
CHARLOTTE, N.C. — Averitt, a transportation and supply chain management company based in Cookeville, Tenn., has announced plans to develop a regional logistics campus near Charlotte Douglas International Airport. Charlotte Business Journal reports that the freight company is investing $200 million for the 100-acre campus. The development will include two distribution centers totaling more than 500,000 square feet; a 75,000-square-foot cross-dock facility; a two-story regional office totaling 16,000 square feet; and parking for more than 400 trailers. The campus will also offer fleet maintenance, fueling and driver support facilities. The investment is expected to double Averitt’s Charlotte area workforce over the next four years and will replace its current 40,000-square-foot service center at 3708 Westinghouse Blvd. that houses 182 full-time associates. Construction on the new campus is expected to begin immediately and wrap up in 2028.
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