NEW YORK CITY — Sierra, an AI-driven customer service platform, has signed a 14,563-square-foot, full-floor office lease at 375 West Broadway in Manhattan’s SoHo neighborhood. The deal keeps the 76,605-square-foot building, which was originally constructed in 1863 and is currently being renovated, at full occupancy. Brett Harvey of Newmark represented the landlord, Manova Partners, in the lease negotiations. Jeff Fischer and Connor Krup of CBRE represented Sierra.
RESTON, VA. — Comstock Holding Cos. Inc. has inked two office leases with Booz Allen Hamilton at two adjacent office towers within Reston Station, a 90-acre, transit-oriented mixed-use development in the Washington, D.C., suburb of Reston. Reston Station will now be the corporate headquarters for the global technology and consulting firm, which will fully occupy the nearly finished office building at 1870 Reston Row Plaza and multiple floors within the adjacent office building at 1800 Reston Row Plaza, which was recently delivered. The two leases combine for more than 310,000 square feet and include the enclosed bridge that will connect the two office towers on the seventh floor. The design team for 1800 and 1870 Reston Row Plaza included HKS Architects and Michael Graves Architecture. The two LEED Silver office towers are situated in The Row at Reston Station, the second of five planned phases of Comstock’s Reston Station development, which also houses offices for Google, ICF International, CARFAX, Spotify, Qualtrics International and Rolls-Royce of America, among other companies.
DURHAM, N.C. — Durhamite, a real estate investment and management firm, has purchased Nottingham Hall, a 105,830-square-foot office building located at 4505 Emperor Blvd. in Durham. The new owner plans to make extensive upgrades to the four-story property, including installing speculative suites. Daniel Flynn, Ryan Clutter and C.J. Liuzzo of JLL represented the undisclosed seller in the transaction. The sales price was also not disclosed. Durhamite has retained Dennis Hurley and Taylor McCuiston of JLL to lease Nottingham Hall, which is situated within the Imperial Center mixed-use business park.
DALLAS — Brookfield Properties has signed a 5,968-square-foot office lease in Uptown Dallas. The global real estate firm will use the space on the 15th floor of Rosewood Court, a 19-story building, to expand its Central U.S. logistics team and operations. Zach Bean and Travis Boothe of Cushman & Wakefield represented the tenant in the lease negotiations. Scott Walker, Kim Brooks and Laney Delin of Transwestern represented the landlord, Rosewood Property Co.
PALM BEACH GARDENS, FLA. — Colliers has negotiated the $15.9 million sale of 4440 PGA Boulevard, a 47,000-square-foot, six-story office building located in the South Florida city of Palm Beach Gardens. Gary Gottlieb, Mark Rubin, Bastian Schauer and Ryan Buckner of Colliers represented the seller, Narragansett Realty II LLC, in the off-market transaction. An entity doing business as PGA Office LLC was the buyer. Originally built in 1979, 4440 PGA Boulevard underwent a significant renovation in 2022 to include a new lobby and secure parking garage.
ALLENTOWN, PA. — Cushman & Wakefield has negotiated a 20,025-square-foot office lease renewal in the Lehigh Valley city of Allentown. The tenant is Selective Insurance, and the building is located at 1275 Glenlivet Drive. David DeMatteis, Robert Rudin, Jan Randall and Jason Sourbeer of Cushman & Wakefield represented Selective Insurance in the lease negotiations. Bill Wolf of CBRE represented the undisclosed landlord.
INDIAN WELLS, CALIF. — Progressive Real Estate Partners has brokered the sale of Indian Wells Medical & Professional Center, located at 74785 Highway 111 in Indian Wells. Miami-based Kresher Capital sold the property to Orange County, Calif.-based Circle Vision for $10.5 million. Built in 1996, the two-story Indian Wells Medical & Professional Center offers 40,750 square feet of commercial space, as well as courtyards, outdoor seating and covered parking. Current tenants include Charles Schwab, RadNet, Mercer Financial and SBEMP Law. Greg Bedell and Heather Sharp of Progressive Real Estate Partners represented the seller, while the buyer was self-represented in the deal.
SOUTHFIELD, MICH. — Angstrom NA LLC has unveiled plans to relocate its global headquarters to the newly renamed Angstrom Office Center in the Detroit suburb of Southfield. Located on Telegraph Road, the office property totals 233,400 square feet across six stories. Angstrom will occupy the sixth floor. Rick Ax and Brad Margolis of NAI Farbman negotiated the lease. Over the past five years, the building has undergone more than $20 million in upgrades, including a newly built cafeteria, coffee bars, lounge spaces, game rooms and conference rooms. Angstrom is a tier 1 full-service supplier for automotive and industrial original equipment manufacturers. The company’s current headquarters are at 2000 Town Center in Southfield.
CHARLOTTE, N.C. — Scout Motors has selected Charlotte as its new U.S. corporate headquarters. The car manufacturer and subsidiary of German automaker Volkswagen plans to invest about $206 million within the local economy and to bring about 1,200 new jobs to the trade area. Scout Motors plans to fill these jobs over the next five years and will pay average annual wages of $172,000, which the company says is nearly double the average annual wage in Mecklenburg County. Scout Motors will locate its headquarters within Commonwealth, a mixed-use development in Charlotte’s Plaza Midwood neighborhood that is co-developed by Crosland Southeast and Nuveen Real Estate. The announcement builds on previous U.S. real estate activity by Scout Motors. The company is currently under construction on a 1,100-acre car manufacturing facility roughly 75 miles south of Charlotte in Blythewood, S.C., a project that is expected to be operational by 2027. The company also operates an “innovation center” in Novi, Mich. According to The Center Square, a watchdog publication that covers activities of state and local governments, Scout Motors received roughly $72 million in economic incentives for the deal. These included about $51.3 million from the State of North Carolina, $12.8 million from Mecklenburg …
MADISON, N.J. — JLL has brokered the sale of 2 Giralda Farms, a 146,366-square-foot office building located within the 181-acre Giralda Farms corporate campus in the Northern New Jersey community of Madison. The four-story building, which was constructed in 2001, formerly served as the U.S. headquarters for global shipping giant Maersk before being leased by pharmaceutical company Merck through mid-2025. Jeremy Neuer, Jose Cruz, Ryan Robertson, Tim Greiner and Mike Pietrowicz of JLL represented the undisclosed institutional seller in the transaction. The team also procured the buyer, a subsidiary of Gellert Global Group.
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