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 United Family 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.
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.
CHEVY CHASE, MD. — Forbright Bank has brought in R3 Ventures in the acquisition of Chase Tower, a 12-story office building located at 4445 Willard Ave. in Chevy Chase, a Maryland suburb of Washington, D.C. Forbright Bank is the anchor tenant of Chase Tower, which has served as the bank’s headquarters since 2020. The property features 227,000 square feet of office space and 18,000 square feet of retail space, including a bank branch for Forbright Bank. The seller and sales price were not disclosed. Cushman & Wakefield represented the new ownership in the transaction, and Eastdil Secured represented the seller. In addition to co-investing in the acquisition, R3 Ventures will oversee asset management duties at the office building, including the leasing strategy and capital improvements. The new ownership has also retained JBG Smith as the property manager for the office building.
NEW YORK CITY — Cleary Gottlieb has signed a 475,000-square-foot office lease renewal in Lower Manhattan. The law firm has committed to the top 10 floors as the anchor tenant at One Liberty, a 53-story, 2.3 million-square-foot complex that was recently renovated, for 20 more years. Moshe Sukenik and Brian Cohen of Newmark, along with Mark Weiss and Josh Kuriloff of Cushman & Wakefield, represented the tenant in the lease negotiations. Mikael Nahmias and Dan Roberts internally represented the landlord, Brookfield Properties.
INDIANAPOLIS — General contractor Skender has completed common area upgrades and four office build-outs at Keystone Crossing, a five-building, 1.1 million-square-foot office park in Indianapolis. The four tenant build-outs, totaling 57,000 square feet, and common area enhancements were completed on behalf of landlords Interamar and Typerion Holdings, which acquired the campus in late 2024 and are implementing a significant repositioning. At the 8888 Building, Skender completed a 15,000-square-foot gut remodel of the existing 16th floor and turned the space into a modern workplace for WestPoint Financial Group, a MassMutual firm. At the 9000 Building, Skender completed a 7,000-square-foot build-out for the Indiana Apartment Association. The workspace includes a new training room, breakroom and several private offices. At this building, Skender also converted two former ground-floor suites into a new amenity center with a café, fitness center, golf simulators and upgraded restrooms. At the 9100 Building, Skender completed the 21,000-square-foot national headquarters for Delta Tau Delta. The project included full demolition of the existing space and a renovation, including private offices, a breakroom and dedicated display areas showcasing the fraternity’s history and memorabilia. Skender also completed a 14,000-square-foot office build-out for accounting firm CliftonLarsonAllen. The workspace includes a café, training room …
With flexible work schedules now the norm, today’s modern office buildings must justify the commute. According to the Flex Index Q1 2026 report, a quarterly workplace trends report, 67 percent of U.S. companies now use a hybrid model. Gensler’s Global Workplace Survey 2026 also underscores a shift in employee priorities, with nearly half of employees (46 percent) noting that wellness amenities matter more than high-tech features in the office. To explore how these trends play out locally in leading commercial real estate markets, REBusinessOnline talked to Bill Baumgardner, who leads VanTrust’s Texas office as executive vice president, and Guy Grivas, vice president of Hillwood’s retail division. Those priorities are on display at Frisco Station, where VanTrust, Hillwood and The Rudman Partnership are developing a 242-acre mixed-use destination in Frisco’s North Platinum Corridor, about 30 minutes north of Dallas. Centered around The Star, the Dallas Cowboys’ world headquarters, the development brings together Class A office space, a mix of residential options and modern hotels — all within walking distance of dining, shopping and entertainment options — creating a seamless, experience-driven workday. REBusinessOnline: What are the top priorities for today’s employers when selecting an office building? Bill Baumgardner : To succeed, today’s …
NEW YORK CITY — An affiliate of Olshan Properties has received a $40 million loan for the refinancing of 99 Hudson Street, a 183,958-square-foot office building in Manhattan’s Tribeca neighborhood. Completed in 1930, the 17-story building was 97 percent leased at the time of the loan closing. Tenants include Chobani, plant-based meal delivery service Daily Harvest, consulting firm HR&A Advisors and ODA Architecture. Steven Klein led the JLL team that arranged the loan through an undisclosed life insurance company on behalf of ownership.
ONTARIO, CALIF. — BH Properties has completed the disposition of Lakeview, a Class A office campus in Ontario, to MGR Real Estate for $24.7 million. Situated on a 7.8-acre site, the asset consists of two three-story buildings offering a total of 106,345 square feet, as well as 1.85 acres of excess land. The campus was built in late 2004 as part of the master-planned Centrelake Business Park. Paul Jones, Brandon White and Kevin Shannon of Newmark represented the seller, while Michael Rademaker and Tony Hermosillo of MGR Real Estate represented the buyer in the deal.
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