Office

Keurig-Dr.-Pepper-Burlington-Massachusetts

BURLINGTON, MASS. — Newmark has arranged the $84.5 million sale of the 431,233-square-foot campus of Keurig Dr Pepper in Burlington, located north of Boston. The two-building campus was constructed in 2014 and consists of a 280,560-square-foot office building and a 150,673-square-foot research-and-development/manufacturing facility. Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell and William Sleeper of Newmark represented the seller, Peakstone Realty Trust, in the transaction. The team also procured the buyer, Montana Avenue Capital Partners.

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NEW YORK CITY — Bloomberg LP has signed an 11-year, 495,753-square-foot office lease extension at 120 Park Avenue, a 26-story building in Midtown Manhattan. The business media giant, which has been a tenant at 120 Park Avenue since 2011, has committed to occupying 20 floors, as well as lower-level spaces, through 2040. Howard Fiddle, Chris Mansfield and Zachary Weil of CBRE represented Bloomberg in the lease negotiations. Paul Glickman and Diana Biasotti of JLL, along with internal agents Chris Roth, Craig Panzirer and Alex Radmin, represented the landlord, Global Holdings.

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NEW YORK CITY — McGuireWoods has extended and expanded its office lease in Midtown Manhattan. The national law firm now occupies 75,000 square feet across the 20th and 21st floors at 1251 Avenue of the Americas, a 54-story tower that recently underwent a repositioning. David Falk, Pete Shimkin, Eric Cagner and Claire Koeppel of Newmark represented the landlord, Mitsui Fudosan America Inc., in lease negotiations. McGuireWoods was self-represented.

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KANSAS CITY, MO. — Block & Co. Inc. Realtors has arranged the sale of a 100,000-square-foot, six-story office building located at 1734 E. 63rd St. in Kansas City. The buyer, A to Z Theatrical Supply and Service Inc., is adding to its existing location at 800 E. Meyer Blvd. in Kansas City. The company offers costumes, lighting, props and production design. Dakota Grizzle and Garrett Cohoon of Block & Co. represented the Omaha, Neb.-based seller.

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The-Quad-Dallas

DALLAS — JLL has arranged an undisclosed amount of financing for The Quad, a 500,000-square-foot office and retail property in Uptown Dallas. Completed last year, The Quad consists of two office buildings and six retail/restaurant buildings, as well as an acre of communal outdoor space. Colby Mueck and Greg Napper of JLL arranged the five-year loan through accounts managed by global investment firm KKR. The borrower was Stream Realty Partners.

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NEW YORK CITY — Trust Co. of the West has renewed and expanded its office lease in Midtown Manhattan. The Los Angeles-based asset management firm now occupies 80,200 square feet across the 47th and 48th floors at 1251 Avenue of the Americas, a 54-story tower that recently underwent a repositioning. David Falk, Pete Shimkin, Eric Cagner and Claire Koeppel of Newmark represented the landlord, Mitsui Fudosan America Inc., in lease negotiations. CBRE represented the tenant.

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NASHVILLE, TENN. — CBRE has arranged three loans totaling $181.5 million for the refinancing of The Finery, a mixed-use development in Nashville’s Wedgewood-Houston neighborhood that comprises The Residences at The Finery and the adjacent T3 Wedgewood Houston office building. Mike Ryan, Brian Linnihan, Richard Henry, Blake Cohen, J.P. Cordeiro and Taylor Crowder of CBRE arranged the loans on behalf of the borrowers, Hines and Peakline Partners. Oxford Properties Group provided an $118 million loan for The Residences at The Finery, and Tishman Speyer provided a $17.5 million mezzanine loan behind Blue Owl’s $46 million loan for the T3 office building.

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NASHVILLE, TENN. — Boyle Investment Co. has acquired Woodmont Centre, a two-building office park located at 102 and 104 Woodmont Blvd. in Nashville. The property is situated at near I-440 on the outskirts of the city’s Belle Meade neighborhood. The complex comprises a nine-story office building and a five-story office building connected by a shared lobby, along with a multi-level parking garage accommodating approximately 500 vehicles. The undisclosed seller began capital improvements to Woodmont Centre that Boyle Investment plans to complete. The sales price was not disclosed.

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5935-Darwin-Ct-Carlsbad-CA

CARLSBAD, CALIF. — RF Partners LLC has completed the disposition of a flex office and industrial property, located at 5935 Darwin Court in Carlsbad, to a private local owner-user investor for $14.2 million. Situated within the Carlsbad Research center, the two-story, 54,351-square-foot creative flex office building was built in 1991 and renovated in 2005 and 2024. Matt Pourcho, Dennis Visser, Matty Sunberg, Anthony DeLorenzo and Don Trapani of CBRE represented the seller in the transaction.

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Paradiso-Scottsdale-AZ.jpg

SCOTTSDALE, ARIZ. — Mark IV Capital Properties has completed the sale of Paradiso, a two-story, multi-tenant medical office building in Scottsdale. Albany Road Real Estate Partners acquired the property for $13.3 million. The 59,445-square-foot asset features a large central courtyard with decorative fountains and seating areas, private entrances and balconies, covered breezeways, patios off several ground-floor suites and full-length storefront windows. The property is located at 11000 N. Scottsdale Road. Eric Wichterman, Alexandra Loye, Chris Toci and Mike Coover of Cushman & Wakefield represented the seller in the transaction.

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