Friday, July 11, 2025
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Leasing ActivityNorth CarolinaOfficeSoutheast

Asana Partners Signs 23,000 SF Office Lease at The Line in Charlotte

by John Nelson

CHARLOTTE, N.C. — Locally based investment firm Asana Partners has signed a lease to occupy more than 23,000 square feet of office space at The Line, a 16-story office and retail tower located at 2151 Hawkins St. in Charlotte’s South End neighborhood. The lease brings The Line’s 290,000 square feet of office space to 70 percent leased, with other tenants including TTX, Northeastern University, Society Awards, Foundry Commercial, Leerink Partners, Experi and SignatureFD. Meredith Ball and Claiborne Dandridge of Foundry Commercial represented the landlord, a joint venture between CBRE Investment Management and Portman, in the lease negotiations. In addition to office tenants, The Line’s retail component houses Sycamore Brewing, Savi Provisions, Grit Box Fitness and Chapter 6 by Jon Dressler. The Line opened in 2022.

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Leasing ActivityMidwestOfficeWisconsin

Common Ground Healthcare Cooperative Leases 19,675 SF of Office Space in Suburban Milwaukee

by Kristin Harlow

BROOKFIELD, WIS. — Common Ground Healthcare Cooperative has leased 19,675 square feet of office space at Executive Center V in the Milwaukee suburb of Brookfield. The property is located at 300 N. Executive Drive. Ned Purtell and Andy Hess of Founders 3 Real Estate Services represented the tenant, which expects to take occupancy June 1.

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Leasing ActivityNew YorkNortheastOffice

ESKW/Architects Signs 8,447 SF Office Lease in Downtown Manhattan

by Taylor Williams

NEW YORK CITY — ESKW/Architects, which specializes in the design of civic projects, has signed an 8,447-square-foot office lease at 52 Duane St. in downtown Manhattan. The firm is relocating from 100 Lafayette St. to the fifth floor of the 10-story, 100,000-square-foot building, which was originally constructed in 1935. Brad Gerla, Jonathan Cope and Masha Dudelzak of CBRE represented the landlord, an entity doing business as 52 Duane Associates, in the lease negotiations. Elizabeth Martin of E.L. Martin Partners represented the tenant.

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DevelopmentGeorgiaMixed-UseOfficeRestaurantRetailSoutheast

CP Group Rebrands 1.2 MSF CNN Center in Downtown Atlanta to The Center

by John Nelson

ATLANTA — CP Group has rebranded CNN Center, an iconic 1.2 million-square-foot office and retail building in downtown Atlanta, to The Center. The property has served as the headquarters for CNN for over 40 years and also features a large food court on the ground level that connects to State Farm Arena, home arena of the NBA’s Atlanta Hawks. The site also includes the Omni Atlanta Hotel at Centennial Park. CP Group plans to overhaul the former CNN Center to become a hub of world-class retail, dining, content creation and entertainment uses. CP Group has tapped Coleman Weatherholtz of Healey Weatherholtz Properties as The Center’s retail leasing agent and Jeff Keppen and Nicole Goldsmith of CBRE to handle office leasing. In 2021, CP Group purchased CNN Center from AT&T, the former parent company of CNN, in a sale-leaseback transaction that expires this year.

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DevelopmentGeorgiaLeasing ActivityOfficeSoutheast

PrizePicks to Move Corporate Headquarters to Star Metals Offices in Atlanta

by John Nelson

ATLANTA – PrizePicks, a daily fantasy sports operator based in Atlanta, has selected the Star Metals Offices at 1055 Howell Mill Road for its new corporate headquarters. The owner and office landlord of the building in Atlanta’s West Midtown district is Coral Gables, Fla.-based Allen Morris Co. PrizePicks will occupy 33,000 square feet at Star Metals and will invest $25 million in its new headquarters space. The company estimates it will expand its workforce at the new space by 1,000 employees over the next seven years. Organizations involved in the site selection process for the PrizePicks headquarters include the Georgia Department of Economic Development, the Metro Atlanta Chamber, Invest Atlanta, Select Fulton and Georgia Power.

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ConnecticutLeasing ActivityNortheastOffice

Stark Office Suites Signs 23,538 SF Office Lease Extension, Expansion in Greenwich, Connecticut

by Taylor Williams

GREENWICH, CONN. — Stark Office Suites has signed a 23,538-square-foot office lease extension and expansion in the southern coastal Connecticut city of Greenwich. The provider of flexible workspace solutions is taking an additional 5,772 square feet at 777 West Putnam, a 134,000-square-foot building located along U.S. Route 1. James Ritman and Benjamin Goldstein of Newmark represented the landlord, New York-based investment firm Shelbourne, in the lease negotiations. The tenant was self-represented.

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AcquisitionsMassachusettsNortheastOffice

Newmark Arranges Sale of 221,474 SF Office Building Near Downtown Boston

by Taylor Williams

BOSTON — Newmark has arranged the sale of 179 Lincoln Street, a 221,474-square-foot office building near downtown Boston. The newly renovated building offers proximity to Boston’s South Station transit hub. Robert Griffin, Edward Maher, David Douvadjian Sr., Matthew Pullen, James Tribble, Timothy O’Donnell, Samantha Hallowell and William Sleeper of Newmark represented the undisclosed seller in the transaction. The team also procured the buyer, locally based investment firm Synergy, which assumed $76.5 million of the seller’s outstanding debt on the property.

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CivicCompany NewsNew YorkNortheastOffice

Forte Construction Opens New Corporate Headquarters Facility in Islandia, New York

by Taylor Williams

ISLANDIA, N.Y. — Forte Construction, a locally based general contractor that specializes in public works projects, has opened its new corporate headquarters facility in the Long Island community of Islandia. The company purchased the 30,000-square-foot, three-story building at 1770 Motor Parkway in 2021 as part of a planned relocation and expansion from an 8,000-square-foot facility in Holbrook. The new facility supports about 300 employees between Forte and its sister companies, TAP Electric and BR Construction.

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AcquisitionsNAINew JerseyNortheastOffice

NAI Hanson Arranges Sale of 8,000 SF Office Building in Succasunna, New Jersey

by Taylor Williams

SUCCASUNNA, N.J. — NAI James E. Hanson has arranged the sale of an 8,000-square-foot office building in Succasunna, about 50 miles west of Manhattan. The building sits on three-quarters of an acre at 22 U.S. Route 10 and is home to tenants such as Lakeside Endodontics and Suburban Natural Medicine. Joseph Vindigni of NAI Hanson represented the seller, Portwood LLC, in the transaction. The buyer was an entity doing business as Heritage Succasunna LLC.

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CaliforniaLoansOfficeRetailWestern

JLL Arranges $65M in Financing for Wateridge Office, Retail Campus in West Los Angeles

by Amy Works

LOS ANGELES — JLL Capital Markets has arranged $65 million in financing for Wateridge, a six-building office and retail campus in West Los Angeles. LPC Realty Advisors I LLC, an investment advisory affiliate of Lincoln Property Co., is the borrower. Todd Sugimoto, Mark Wintner and Chad Morgan of JLL Capital Markets secured the five-year, fixed-rate financing with Deutsche Bank. Built between 1989 and 2005 on 21 acres, Wateridge features three multi-tenant office buildings, a single-tenant medical office building, a standalone 24-hour fitness facility and a multi-tenant retail strip center. At the time of financing, the 583,580-square-foot campus was 80 percent occupied and leased by credit tenants, including Kaiser Health Foundation, County of Los Angeles and Providence Health.

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