Monday, June 22, 2026
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AcquisitionsIllinoisMidwestOffice

LCG Capital Management Acquires 81,700 SF Office Campus Near St. Louis

by Kristin Harlow

O’FALLON, ILL. — LCG Capital Management LLC has acquired Colony Square and Williamsburg Center, a seven-building, 81,700-square-foot office campus in O’Fallon near Scott Air Force Base. The transaction marks LCG’s entry into a category it intends to grow — mission-critical office space serving the defense contractors and government services firms that support Scott, headquarters of U.S. Transportation Command and Air Mobility Command. LCG executed the transaction through JRN Investments LLC. The campus carries below-market rents and existing vacancy that the firm expects to lease up. LCG is a St. Louis-based commercial real estate firm founded in 2024 and backed by Alberici Corp.

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AcquisitionsIllinoisLee & AssociatesMidwestOffice

Lee & Associates Brokers Sale of 70,497 SF Office Property in Metro Chicago

by Kristin Harlow

OAK BROOK, ILL. — Lee & Associates of Illinois has brokered the sale of a 70,497-square-foot office property located at 915 Harger Road in Oak Brook. Tony Russo of Lee & Associates represented the seller, KMMRD Enterprises. The asset was 48 percent leased at the time of sale, with law firm Godoy occupying the largest space. The buyer, Urban Commercial Property Group, plans to invest significant capital into building renovations and deferred maintenance improvements.

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Leasing ActivityNew YorkNortheastOffice

Robin Hood Signs 53,000 SF Office Lease at 841 Broadway in Manhattan

by Taylor Williams

NEW YORK CITY — Robin Hood, a philanthropic organization dedicated to fighting poverty in New York City, has signed a 30-year, 53,000-square-foot office lease at 841 Broadway in Manhattan’s Union Square area. The space spans the entire fifth through eighth floors of the 91,300-square-foot building, which is now fully leased. David Carlos and Andrew Dzenis of JLL represented Robin Hood in the lease negotiations. Andrew Wiener and Robert Fisher internally represented the landlord, The Feil Organization.

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Celestica-Richardson
DevelopmentLeasing ActivityOfficeTexas

Celestica Unveils Plans for $300M Expansion of Metro Dallas Campus

by Taylor Williams

RICHARDSON, TEXAS — Celestica, a Canadian electronics manufacturer, has unveiled plans for the expansion of its Telecom Parkway campus in Richardson, a northeastern suburb of Dallas. The initiative represents a capital investment of approximately $300 million and is expected to account for the creation of roughly 2,300 new jobs over the next two years in addition to the retention of about 400 existing jobs. Celestica has renewed its office leases at both its existing buildings and has also begun construction on a new, 343,000-square-foot building. Celestica has also entered into a public-private partnership with the City of Richardson, which has approved a $3 million tenant improvement grant to support Celestica’s long-term commitment, capital investment and job creation.

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1740-Broadway-Manhattan
DevelopmentLoansMultifamilyNew YorkNortheastOffice

MRC Provides $480M in Financing for Office-to-Residential Conversion Project in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Madison Realty Capital (MRC) has provided $480 million in financing for an office-to-residential conversion project in Midtown Manhattan. The project will convert the 27-story, 523,051-square-foot building at 1740 Broadway, which spans nearly a full city block between 55th and 56th streets, into a 420-unit multifamily building with 238 apartments and 182 condos. The converted building will also feature 60,000 square feet of amenities, including a 22,000-square-foot sporting club, a spa with a lap pool, a concealed speakeasy bar in the building’s original bank vault and dedicated lounge and sun deck spaces for residents. Jason Krane, Russ Schildkraut and Simon Ziff of Ackman-Ziff arranged the financing on behalf of the owner, Yellowstone Real Estate Investments. Completion is slated for the third quarter of 2029.

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AcquisitionsNew JerseyNortheastOffice

Cushman & Wakefield Brokers $17M Sale of Office Building in West Orange, New Jersey

by Taylor Williams

WEST ORANGE, N.J. — Cushman & Wakefield has brokered the $17 million sale of a 129,298-square-foot office building in West Orange, about 20 miles west of New York City. The newly renovated building sits on an 8.7-acre site at 300 Executive Drive and was fully leased at the time of sale. Andrew Schwartz, Jordan Sobel, Andre Balthazard and Dan Bottiglieri of Cushman & Wakefield represented the seller, Triumvirate Realty, in the transaction and procured the buyer, an entity doing business as Executive Drive W Orange LLC. Brian Anderson and Eddie Miro, also with Cushman & Wakefield, arranged acquisition financing for the deal.

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Leasing ActivityNew YorkNortheastOffice

Sher Tremonte LLP Signs 26,405 SF Office Lease Renewal in Lower Manhattan

by Taylor Williams

NEW YORK CITY — Law firm Sher Tremonte LLP has signed a 10-year, 26,405-square-foot office lease renewal in Lower Manhattan’s Financial District. The space spans the entire 22nd and 23rd floors of the 410,000-square-foot building at 90 Broad St. Seth Hecht of JLL represented the tenant in the lease negotiations. Jon Fein of Cushman & Wakefield, along with internal agent Josh Turman, represented the landlord, Princeton International Properties.

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AcquisitionsCaliforniaOfficeWestern

Capital Group Buys 55-Story Corporate Office Headquarters in Downtown Los Angeles for $210M

by Amy Works

LOS ANGELES — Local fund manager Capital Group has purchased its corporate headquarters, an office tower located at 333 S. Hope St. in downtown Los Angeles, for $210 million. Capital Group has occupied a portion of the 55-story asset since 1978. The company plans to consolidate its three locations into a vertical campus across 19 floors in the building. The tower, which was built in 1974, will remain a multi-tenant building with Capital Group as the largest and anchor tenant. The purchase follows the company’s April announcement of a $70 million per year investment to expand Capital Group’s client-facing capabilities, including the addition of approximately 130 new sales and sales support roles over the next two years. Kevin Bender, Andrew Harper, Matt Astrachan and Joe Messina of JLL represented Capital Group in the deal, while Colliers represented the previous owner, Brookfield, and the special servicer, Mount Street.

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AcquisitionsMidwestMinnesotaOffice

Real Capital Solutions Acquires Minneapolis Office Property for $34M

by Kristin Harlow

MINNEAPOLIS — Real Capital Solutions (RCS) has acquired 3701 Wayzata Boulevard, a 308,681-square-foot office property in the Urban West End neighborhood of Minneapolis, for $34 million. Situated on 25.8 acres overlooking Brownie and Cedar lakes, the nine-story asset is 99 percent leased and serves as the headquarters location for several companies such as Tactile Medical, SRF Consulting Group, Regis Corp. and MOBE. Originally developed as a corporate headquarters campus for Prudential and later occupied by Target Corp., the property underwent a comprehensive renovation and repositioning in 2019. Amenities today include a fitness center, conference facilities, a golf simulator, onsite café, outdoor gathering spaces, a rooftop patio, bike storage and direct access to regional trail systems.

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LoansOfficeTexas

JLL Arranges Refinancing of Portion of Old Parkland Office Campus in Uptown Dallas

by Taylor Williams

DALLAS — JLL has arranged a loan of an undisclosed amount for the refinancing of six office buildings totaling 288,217 square feet within the historic Old Parkland campus in Uptown Dallas. The campus was originally built in 1894 as a teaching hospital and has been redeveloped and repositioned over the past 20 or so years. John Rose, Ryan Pollack and Jordan Buck of JLL arranged the five-year, fixed-rate loan through funds affiliated with Blackstone Real Estate Debt Strategies. The borrower was not disclosed.

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