Tuesday, June 10, 2025
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DevelopmentLeasing ActivityNorth CarolinaOfficeSoutheast

Four Office Tenants Sign Leases at Station at LoSo Mixed-Use Development in Charlotte

by John Nelson

CHARLOTTE, N.C. — Four office tenants have signed leases at The Station at LoSo, Beacon Partners’ mixed-use development in the Lower South End (LoSo) of Charlotte. Dwell Design Studio will occupy 4,876 square feet at the property’s Station 3, beginning this quarter, and an additional, undisclosed tenant has also signed a 10,075-square-foot at Station 3, bringing the building to full occupancy. Gambling.com Group has also leased 10,413 square feet at the development, with plans to begin occupancy in the second quarter of this year. Chris Schaaf, Ross Howard and Conor Brennan of JLL represented Gambling.com Group in the lease negotiations, and Griff Sims of Lee & Associates and Mary Allison Mitchell York of NewLeaf Brokerage represented Dwell Design Studio. Additionally, Beacon Partners will move its headquarters into a 12,254-square-foot space within Station 4. Situated with direct access to the Rail Trail, The Station at LoSo comprises 350 residential units, as well as 200,000 square feet of office and retail space. Retail tenants at the development include The People’s Market, Taco Boy and Salata Salad Kitchen.

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Collins-Crossing-Richardson
AcquisitionsOfficeTexas

Newmark Arranges Sale of 300,887 SF Office Building in Richardson, Texas

by Taylor Williams

RICHARDSON, TEXAS — Newmark has arranged the sale of Collins Crossing, a 300,887-square-foot office building located along North Central Expressway in the northeastern Dallas suburb of Richardson. The 11-story building was constructed in 1999, according to LoopNet Inc. Amenities include a deli, fitness center and a conference center. Gary Carr, Robert Hill and Chris Murphy of Newmark represented the seller, Massachusetts-based Franklin Street Properties Corp., in the transaction. The buyer, a partnership between Goldenrod Cos. and Reserve Capital Partners, purchased the asset for an undisclosed price.  The sale included the building’s parking structure and an adjacent 3.6-acre parcel that can support mixed-use development. Collins Crossing was 85 percent leased at the time of sale.

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AlabamaDevelopmentMixed-UseMultifamilyOfficeRetailSoutheastTop Stories

Essex Capital, Ascend Property Group Break Ground on Front Row Mixed-Use Development in Huntsville, Alabama

by Jeff Shaw

HUNTSVILLE, ALA. — A joint venture between Essex Capital and Ascend Property Group has broken ground on Front Row, an 11-acre mixed-use project in downtown Huntsville. The $220 million first phase of Front Row is now underway, following news last week that Banco Inbursa and a group led by Keel Point and Opportunity Alabama provided $115 million in construction financing. The first retail space is slated for delivery in late 2025, followed by apartments and office space in early 2026. Upon full build-out, the first phase of Front Row will comprise two six-story buildings featuring 545 apartments, 36,000 square feet of office space and 47,000 square feet of retail space. Further plans for the project — including a hotel, a class A office tower and luxury condos — will be disclosed at a later date, according to the developers. The development will be situated across from the Von Braun Center, a 170,000-square-foot entertainment center that opened its doors in 1975. The developers state that Front Row is intended to interlink the Von Braun Center with other key areas of the city, such as Big Spring Park, Fountain Circle, University of Alabama Huntsville and Downtown Greenway. The project’s team also includes …

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AcquisitionsOfficeTexas

DZMI Acquires 216,889 SF Office Building in North Houston

by Taylor Williams

HOUSTON — Locally based investment firm David Z. Mafrige Interests (DZMI) has acquired World Houston Place, an eight-story office building located at 15710 John F. Kennedy Blvd. on the city’s north side. According to LoopNet Inc., World Houston Place was built in 1985 and totals 216,889 square feet. The seller was not disclosed. The new ownership, which has appointed Stream Realty Partners as the leasing agent, plans to implement a value-add program that includes upgrades of common areas and the addition of a fitness center and tenant lounge.

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AcquisitionsCaliforniaIndustrialOfficeWestern

Sorrento Seven Sells Mixed-Use Sorrento View Business Park in San Diego for $45M

by Amy Works

SAN DIEGO — Sorrento Seven LLC has completed the disposition of Sorrento View Business Park, a multi-tenant, mixed-use flex business park in San Diego’s Sorrento Mesa neighborhood. A private buyer acquired the asset for $45 million. Totaling 139,340 square feet, the seven-building park is located at 5945-5965 Pacific Center Blvd., 10151-10211 Pacific Mesa Blvd. and 5940 Pacific Mesa Court. Evan McDonald of Colliers represented the seller, while the buyer was self-represented in the deal.

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2485-McCabe-Way-Irvine-CA
AcquisitionsCaliforniaOfficeWestern

Bassman-Blaine Holdings Divests of Office Building in Irvine, California for $11.2M

by Amy Works

IRVINE, CALIF. — Bassman-Blaine Holdings LLC has completed the disposition of an office building located at 2485 McCabe Way in Irvine. DTMM Properties acquired the asset for $11.2 million, or $539 per square foot. The two-story, 20,772-square-foot building features a state-of-the-art gym, spa-like restrooms with lockers and showers, kitchens and high-end finishes. The buyer intends to occupy the building for its business. Allen Basso, Eric Darnell and Kylee King of Lee & Associates Irvine represented the seller, while Kacey Taormina and Aspen Labrador of Compass represented the buyer in transaction.

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Leasing ActivityOfficeTexas

Harmony Public Schools Signs 7,211 SF Office Lease Extension in Northwest Austin

by Taylor Williams

AUSTIN, TEXAS — Harmony Public Schools has signed a 7,211-square-foot office lease extension in northwest Austin. The academic administrator will continue to occupy space at Building G at Amber Oaks, a 10-building park located along I-45. Patrick Ley and Jason Steinberg of Equitable Commercial Realty represented the undisclosed landlord in the lease negotiations. Nick Boyd of Nick Boyd Real Estate represented the tenant.

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Leasing ActivityNew YorkNortheastOffice

Evercore Signs 95,000 SF Office Lease Expansion in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Investment banking advisory firm Evercore has signed a 95,000-square-foot office lease expansion at Park Avenue Plaza, a 45-story, 1.2 million-square-foot building in Midtown Manhattan. Evercore’s additional space is located across floors 39 through 41, and the company now occupies about 500,000 square feet total at Park Avenue Plaza. Alan Desino of Colliers represented Evercore in the lease negotiations. Marc Packman, Charles Laginestra, Clark Briffel and Josh Fisher represented the landlord, Fisher Brothers, on an internal basis.

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Leasing ActivityMidwestMissouriOfficeRetail

Academy Bank Opens Flagship Retail Banking Center in Kansas City, Relocates Corporate Office

by Kristin Harlow

KANSAS CITY, MO. — Academy Bank, a full-service community bank and family-owned subsidiary of Dickinson Financial Corp., has opened a new retail branch within the lobby of 1201 Walnut, a 29-story office tower owned by Copaken Brooks in downtown Kansas City. The bank also moved its corporate headquarters to three contiguous floors of the building totaling roughly 50,000 square feet. Additionally, the property now features Academy Bank signage. Of Academy Bank’s 71 branches, 23 are located throughout metro Kansas City. Sister bank Armed Forces Bank will maintain its headquarters in Fort Leavenworth, Kan.

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AcquisitionsMichiganMidwestOffice

Syndicated Equities Acquires Carhartt Headquarters, Global Design Facility in Dearborn, Michigan

by Kristin Harlow

DEARBORN, MICH. — Syndicated Equities has acquired Carhartt’s corporate headquarters and global design facility in Dearborn for an undisclosed price. The property, which is located at 5750 Mercury Drive, rises two stories and totals 58,722 square feet. The building is situated across the street from Ford’s global headquarters. Carhartt uses the facility for selecting fabrics and designs for new apparel. Syndicated acquired the property in a Delaware Statutory Trust ownership structure to accommodate investors completing 1031 exchanges along with accredited individual investors.

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