HOUSTON — Marketing agency Keystone Advisors has signed a 32,000-square-foot office lease in West Houston. According to LoopNet Inc., the building at 4920 Westway Park Blvd., which is part of the Corporate Centre development, was constructed in 2007 and totals 131,908 square feet. Scott Fikes, Matt Pruitt and Christian Canion of JLL represented the landlord, Agellan Commercial REIT, in the lease negotiations. Josh Marcell and Anthony Porraz of Moody Rambin represented the tenant.
NEW YORK CITY — SL Green Realty Corp. (NYSE: SLG) has agreed to sell the fee ownership interest in 625 Madison Avenue, a 563,000-square-foot office building in Midtown Manhattan, for $632.5 million. The 17-story building is located between 58th and 59th streets and includes ground-floor retail space. In connection with the sale, SL Green and its partners will originate a $234.5 million preferred equity investment in the property, and the locally based real estate giant will use net proceeds from the sale for repayment of corporate debt. The buyer was an undisclosed global investment group.
HOUSTON — Locally based brokerage firm Finial Group has negotiated a 15,085-square-foot office lease in Houston. According to LoopNet Inc., the property at 9949 W. Sam Houston Parkway N was built in 2006 and totals 41,117 square feet. Andrew Bischoff and Jack Gaffney of Finial Group represented the undisclosed landlord in the lease negotiations. Wes Williams and Jordan Trout of Colliers represented the tenant, engineering firm W-Industries of Texas.
ISELIN, N.J. — Cushman & Wakefield has negotiated a 40,000-square-foot office lease renewal in the Northern New Jersey community of Iselin. The building at 99 Wood Ave. S is located within the six-building Centerline at Metropark campus and totals 271,988 square feet. Todd Elfand, Kevin Carton, Paul Giannone and Brody Strickland of Cushman & Wakefield represented the landlord, Opal Holdings, in the lease negotiations. The representative of the tenant, law firm Greenbaum Rowe Smith & Davis, was not disclosed.
OMAHA, NEB. — Colliers Nebraska has negotiated a 12,598-square-foot office lease at Farnam Executive Center in Omaha. Adam Marek of Colliers represented the tenant, a national law firm focused on assisting government agencies with improving service delivery. Chris Mensinger, Justin Spooner and Lizzie Mensinger of Colliers represented the landlord, White Lotus Group. Recently purchased by White Lotus Group, Farnam Executive Center rises four stories and totals 92,242 square feet.
HOUSTON — US Med-Equip has signed a 34,000-square-foot office lease in West Houston. According to LoopNet Inc., the building at 4920 Westway Park Blvd., which is part of the Corporate Centre development, was constructed in 2007 and totals 131,908 square feet. Scott Fikes, Matt Pruitt and Christian Canion of JLL represented the landlord, Agellan Commercial REIT, in the lease negotiations. Cory Sleeth from NAI Global and John Ferruzzo from Transwestern represented the tenant.
HOUSTON — CBRE has negotiated a 52,120-square-foot office headquarters lease at Westway II, a 10-story building located near Houston’s Energy Corridor area. Abby Alford and Lucian Bukowski of CBRE represented the tenant, Texas-based consulting firm Cobb, Fendley & Associates, in the lease negotiations. Chip Colvill of Cushman & Wakefield represented the undisclosed landlord. The lease term is 10 years. Kirksey designed the space, which spans two floors, and Arch-Con Corp. handled the build-out.
NEW YORK CITY — Cushman & Wakefield has negotiated a 6,780-square-foot office lease at 600 Lexington Avenue in Manhattan’s Plaza District. The tenant, private equity funds manager Hollyport Capital, will occupy the entire 27th floor of the 36-story, 305,472-square-foot building. Harry Blair, Connor Daugstrup and Bianca DiMauro of Cushman & Wakefield represented the landlord, Lex NY Equities LLC, in the lease negotiations. Tim Gibson and Harry Singer of Newmark represented the tenant.
QUEEN CREEK, ARIZ. — Cypress West Partners has completed the construction of Ocotillo Medical Collaborative, a $10 million medical office building located at 223663 E. Domingo Road in Queen Creek. The 22,000-square-foot building is fully occupied by five tenants, including Action Behavior Centers, a leading applied behavior analysis therapy for autism provider in the area. According to Cypress West Partners, the building is the first off-campus, for-lease medical office building to come to market in Queen Creek. Prior to this development, Queen Creek’s only existing medical office buildings were two on-campus properties occupied by a health system.
CHICAGO — Salesforce Tower Chicago, a 60-story office building featuring software provider Salesforce Inc. as the anchor tenant, has opened in the Windy City. The 1.2 million-square-foot tower is situated along the Chicago River and is part of Wolf Point, a three-phase development designed by Pelli Clarke Pelli. Hines developed Wolf Point in partnership with the longtime landowner, the Joseph P. Kennedy Family. As a result of the rise of remote work during the pandemic, Salesforce has reduced its footprint in the building from 500,000 square feet to 360,000 square feet, according to Crain’s Chicago Business. The remaining 140,000 square feet of space is empty and available for sublease. Salesforce consolidated its local employees into the building from four offices downtown and one in suburban Naperville, according to Crain’s. The company’s lease runs through May 2040. Salesforce Tower Chicago features focus spaces like libraries and focus pods, as well as areas for team collaboration and connection such as event spaces and communal kitchens. Throughout the workspaces are a mix of mindfulness rooms, pods of height-adjustable desks, and meeting and training rooms. Salesforce doubled the size of the social lounges on its employee floors and added more conference rooms equipped with …