Tuesday, February 25, 2025
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7887-E-Belleview-Ave-Denver-CO
AcquisitionsColoradoOfficeWestern

Real Capital Solutions Acquires 201,670 SF Office Building in Denver

by Amy Works

DENVER — Louisville, Colo.-based Real Capital Solutions (RCS) has acquired Belleview Tower, a 12-story Class B+ office building in Denver’s Tech Center, for $20 million from an undisclosed seller. Totaling 201,670 square feet, Belleview Tower was 75 percent leased at the time of sale. The property features recently renovated corridors, amenities and a lobby. RCS will continue upgrading the property’s amenity package, including enhancements to the fitness center and common areas. The asset is located at 7887 E. Belleview Ave. Charley Will of CBRE brokered the transaction.  

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AcquisitionsGeorgiaOfficeSoutheast

Bull Realty Brokers Sale of 103,105 SF Office Building in Metro Atlanta

by John Nelson

NORCROSS, GA. — Atlanta-based Bull Realty has brokered the sale of a 103,105-square-foot office building in metro Atlanta that was formerly owned by Ameris Bank. Located at 6625 The Corners Parkway in Norcross, the property sold for $6.4 million in an all-cash deal. The buyer was an investor partnership that included ALM Automotive Group, a current tenant in the building. Michael Bull and Austin Bull of Bull Realty marketed the property on behalf of the seller.

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AcquisitionsMidwestMinnesotaOfficeRetail

JLL Arranges $17.5M Sale of Office, Retail Building in Suburban Minneapolis

by Kristin Harlow

WAYZATA, MINN. — JLL Capital Markets has arranged the $17.5 million sale of 401 Lake Street, a Class A building with office and retail space in the western Minneapolis suburb of Wayzata. Completed in 2022, the three-story property totals 19,014 square feet and features a 4,600-square-foot roof deck, wraparound balconies on each floor and underground parking for 40 vehicles. Currently 45.8 percent occupied, the asset is home to Brick + Linen and Compass. Colin Ryan and Dave Berglund of JLL represented the seller, Lothenbach Properties LLC, and procured the undisclosed buyer. The sale represents the highest price per square foot for office sales in Minnesota history, according to JLL.

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IllinoisLeasing ActivityMidwestOffice

RTM Engineering Consultants Signs 15,452 SF Office Lease in Schaumburg, Illinois

by Kristin Harlow

SCHAUMBURG, ILL. — RTM Engineering Consultants has signed a 15,452-square-foot office lease at 1933 N. Meacham Road in the Chicago suburb of Schaumburg. Joe Stevens of Transwestern Real Estate Services represented ownership, Integris Ventures. In addition to RTM’s lease, other recent new and renewal lease transactions completed at the building include Lavelle Law (12,620 square feet), Naylor Association Solutions (10,361 square feet), Familia Dental (10,361 square feet) and Armstrong Transportation (4,841 square feet). The seven-story, 142,000-square-foot building features a four-story atrium lobby, 50-person conferencing facility, full-service deli, fitness center and underground executive parking garage.

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Leasing ActivityOfficeTexas

National Veterinary Associates Signs 39,000 SF Office Lease Near Downtown Austin

by Taylor Williams

AUSTIN, TEXAS — The National Veterinary Associates has signed a 39,000-square-foot office lease near downtown Austin. The organization’s new headquarters space is located on the top floor of the office and retail building at The Bouldin mixed-use development at 1301 S. Lamar Blvd. Daniel Rasmussen and Brian Walker of Cushman & Wakefield represented the tenant in the lease negotiations. Austin-based Seamless Capital owns The Bouldin, which is also home to a 309-unit multifamily project that is nearing completion.

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AcquisitionsCaliforniaOfficeWestern

Tishman Speyer Sells 9242 Beverly Boulevard Office Building in Los Angeles for $90M

by Amy Works

LOS ANGELES — Tishman Speyer has completed the sale of 9242 Beverly Boulevard, an office building in Los Angeles’ Beverly Hills neighborhood, to Envision and Faring for $90 million, or $675 per square foot. Completed in 1990 and certified LEED Platinum, the 133,300-square-foot building features flexible floor plates, light-filled workspaces, balconies, an interior courtyard with outdoor office settings and a reimagined entrance and lobby. Tishman Speyer acquired the asset in 2005 for $38 million and subsequently secured leases with private investment firm Post Real Estate Group and Miller-DM to establish a Mercedes-Benz luxury vehicle franchise at the building.

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AcquisitionsArizonaOfficeWestern

Cushman & Wakefield | PICOR Arranges $2.4M Purchase of Office Space in Tucson

by Amy Works

TUCSON, ARIZ. — Cushman & Wakefield | PICOR has negotiated the acquisition of a 6,313-square-foot office space at 3935 E. Fort Lowell in Tucson. Entities doing business as FTL 3935 LLC and Dalehurst LLC acquired the asset from Harlequin LLC for $2.4 million. Richard Kleiner and Alexis Corona of Cushman & Wakefield | PICOR represented the buyer in the deal.

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AcquisitionsFloridaNAIOfficeSoutheast

NAI Miami | Fort Lauderdale Brokers $2.3M Sale of Office Building in Miami’s Pinecrest Village

by John Nelson

MIAMI — NAI Miami | Fort Lauderdale has brokered the $2.3 million sale of a two-story, 9,192-square-foot office building located at 9703 S. Dixie Highway in the Miami village of Pincecrest. Jeremy Larkin, Joseph Gallaher and Valentina Tawil of NAI Miami | Fort Lauderdale represented the seller, an entity doing business as 9703 Dixie LLC, in the transaction. Robert Eckstein, also with NAI Miami | Fort Lauderdale, represented the undisclosed buyer, which plans to invest in capital improvements to bring the office building to market-ready conditions. According to LoopNet Inc., the property is known as The Pile Building and was originally completed in 1959.

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AcquisitionsArizonaIndustrialOfficeWestern

Cushman & Wakefield | PICOR Negotiates $3.8M Sale of Commercial Building in Tucson

by Amy Works

TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of a flex building located at 1455 W. River Road in Tucson. Escalante Concrete Construction Inc. acquired the asset from 1455 River Rd LLC for $3.8 million. The 20,000-square-foot building was originally built for ITT Technical Institute. Greg Furrier and Natalie Furrier of Cushman & Wakefield | PICOR represented the seller, while Max Fisher of BRD Realty represented the buyer in the deal.

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Leasing ActivityLife SciencesOfficeTexas

Rules-Based Medicine Renews 37,356 SF Office, Life Sciences Lease in North Austin

by Taylor Williams

AUSTIN, TEXAS —Rules-Based Medicine, a lab operator and division of Connecticut-based healthcare technology firm IQVIA, has renewed its office and life sciences lease at 3300 Duval Road in North Austin. Built on 7.1 acres in 2000, the facility is known as Stonecreek Park and totals 76,910 square feet. Nate Stricklen and Jay Austin of CBRE represented the tenant in the lease negotiations. Matt Frizzell and Kevin Granger of Cushman & Wakefield represented the landlord, Drawbridge Realty.

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