HOUSTON — Locally based brokerage firm Davis Commercial has arranged the sale of a 4,500-square-foot office building in northwest Houston. According to LoopNet Inc., the single-tenant building at 11704 Cypress N. Houston Road was constructed in 1976. Cotton Munson of Davis Commercial represented the sellers, a pair of private investors, in the transaction. Dave Jensen represented the buyer, Gracelli Studios, which will occupy the building as a production studio for its social media content.
NEW YORK CITY — Cushman & Wakefield has negotiated a 50,000-square-foot office lease at 277 Park Avenue in Midtown Manhattan. The tenant, global investment firm Sumitomo Corp. of the Americas, will occupy the entire 15th floor of the 1.8 million-square-foot building. Mark Boisi, Bryan Boisi and Stephen Bellwood of Cushman & Wakefield represented the landlord, The Stahl Organization, in the lease negotiations. Marc Shapses and Eva Shih of Savills represented the tenant.
MILWAUKEE — LifeStance Health, formerly operating as Cornerstone Counseling Services SC, has renewed its 8,226-square-foot office lease at 5007 S. Howell Ave. in Milwaukee. Joe Mortiz of Colliers negotiated the lease. LifeStance Health employs approximately 6,600 psychiatrists, advanced practice nurses, psychologists and therapists, and operates across 33 states and approximately 550 centers.
PEWAUKEE, WIS. — Anchor Wealth Partners LLC has signed a 1,953-square-foot office lease in Pewaukee, a western suburb of Milwaukee. The property, Squires III, is located on Riverwood Drive. John Davis and Ned Purtell of Founders 3 Real Estate Services represented the owner, R2 Properties.
NEW YORK CITY — Chances for Children has signed a 10-year, 3,000-square-foot office lease in The Bronx. The nonprofit organization will relocate from 1178 Anderson Ave. to a custom-built space on the fourth floor of the building at 412-424 E. 147th St. Alexander Smith and Kate Whitman of OPEN Impact Real Estate represented the tenant in the lease negotiations. Jesse Rubens of JLR Realty Inc. represented the landlord.
FRISCO, TEXAS — Ruiz Foods, a provider of frozen Mexican foods, has opened a new 25,000-square-foot headquarters space at HALL Park in Frisco, according to reports from local media sources. According to Star Local Media, the company is in the process of relocating some employees from its existing headquarters facility in Dinuba, Calif., in addition to hiring some local workers. Ruiz Foods eventually plans to employ about 125 people at the new facility, the local paper reports.
HOUSTON — Affiliated Engineers Inc. has signed a 6,945-square-foot office lease at the Greenway Plaza office complex in West Houston. The space is located within 20 East Greenway Plaza, a 433,132-square-foot building. Ray Lopez of Colliers represented the tenant in the lease negotiations. Marilyn Guion and Steve Rocher of CBRE represented the landlord, an entity doing business as Twenty Greenway Plaza.
DENVER — Malman Commercial Real Estate has arranged the sale of 131 Madison Street, an office building located in Denver’s Cherry Creek district. University of Colorado Health, a Colorado nonprofit corporation, acquired the asset from 131 Madison Investors, a Texas limited liability company, for $3.1 million. The property offers 6,156 square feet of office space. Jake Malman and Taylor Roy of Malman Commercial Real Estate represented the seller, while Kyle Underwood and Julie Burch of Legend Partners represented the buyer in the deal.
DETROIT AND ANN ARBOR, MICH. — NAI Farbman, the brokerage arm of Farbman Group, has brokered two receivership sales in Detroit and Ann Arbor. The first sale was of 521 and 609 Old Saint Jean St., two industrial properties located a few blocks from the Detroit River. Dan McCleary and Nathan Casey of NAI Farbman brokered the deal. The second sale was of 30 Parkland Plaza and 4621 Park Road, two office properties in Ann Arbor. Brad Margolis and Wendy Acho of NAI Farbman arranged the sale. Further details were not provided.
NEW YORK CITY — UpSlide, a provider of automated document solutions, has signed a 10-year, 9,536-square-foot office lease at 10 Grand Central in Midtown Manhattan. UpSlide will lease space on the sixth floor of the building, which was originally constructed in the 1930s and recently underwent a $45 million capital improvement program. Lexie Perticone of Cushman & Wakefield represented UpSlide in the lease negotiations. Mitchell Konsker, Kyle Young, Carlee Palmer, Simon Landmann and Thomas Schwartz of JLL represented the landlord, Marx Realty.