Office

The-Crossings-Dallas

DALLAS — Texas-based investment firm SkyWalker Property Partners has purchased The Crossings, a 232,541-square-foot office building in North Dallas. The 10-story building was constructed in 1986 on a 2.6-acre site along the Lyndon B. Johnson Freeway and was renovated in 2018. Todd Savage of Cushman & Wakefield, along with Ben Esterer and Keenan Ryan of JLL, represented the seller, Goddard Investment Group, in the transaction. Jack Mock and Chris Aguilar represented SkyWalker, which plans to upgrade select areas, on an internal basis.

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AUSTIN, TEXAS — Houston-based Lionstone Investments has sold University Park, a 206,657-square-foot office building located just north of downtown Austin for $26 million. The building was constructed in 2008 and was approximately 20 percent leased at the time of sale. Ryan Stevens and Drew Fuller of JLL represented Lionstone in the transaction. The City of Austin purchased the building and plans to occupy the space as well.

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NEW YORK CITY — New York University (NYU) has signed a long-term lease for more than 1 million square feet at 770 Broadway in Lower Manhattan. The 1.1 million-square-foot building is adjacent to the university’s campus and is currently home to a number of tenants that occupy about half the space, and NYU plans to assume the existing leases of these users. Grocer Wegman’s will remain a tenant within the building’s retail space. The first stage of NYU’s programming for 770 Broadway will involve the conversion of vacant floors to science and technology uses, including laboratories, classrooms and workstations, as a means of consolidating faculty and research initiatives under a single collaboration hub. Law firm Fried Frank advised NYU on the transaction, which the academic institution estimates will reduce rental expenses by more than $800 million over the first 30 years.

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NEW YORK CITY — JLL has negotiated a 20,000-square-foot office lease at 10 Grand Central, a 35-story building in Midtown Manhattan that was originally constructed in the early 1930s. The lease term is 10 years, and the tenant, business advisory firm Riveron, will relocate from 461 Fifth Avenue. Mitchell Konsker, Carlee Palmer, Thomas Swartz and Nicole Danyi of JLL represented the landlord, Marx Realty, in the lease negotiations. Peter Trivelas of Cushman & Wakefield represented Riveron.

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CHICAGO — BGO has completed an $8 million amenity center within its office tower at 200 W. Madison in Chicago in collaboration with architecture firm Gensler. The owner credits the amenity center with contributing to a surge in leasing activity at the building. Over the past 16 months, CBRE’s Jason Houze, Michael Kazmierczak and Aaron Schuster have arranged 189,000 square feet of new leases and renewals at the property. New lease signings include Wallace Miller, Sanchez Daniels & Hoffman, NOVO Advisors, Aerotek, Beyond Risk and Houlihan Capital. Renewals and expansions include The Hartford Insurance, UB Greensfelder LLP, PJT Partners, Pinnacle Actuarial Resources Inc., Dehay & Elliston, Crystal Equation Corp. and Savant Capital. The full-floor amenity center includes a fireplace lounge, coworking areas, a fitness center, conferencing center, large boardrooms and a game room with a golf simulator, pool table and shuffleboard. The space is professionally managed and operated by The Experience Group. JLL manages the property. Over the past year, BGO also delivered two move-in ready office suites in the building. Leases were executed within the first month of delivery for both suites. Approximately 133,000 square feet of space is available for lease in the building, with spaces ranging from …

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4301-4401-Great-America-Pkwy-Santa-Clara-CA.jpg

SANTA CLARA, CALIF. — Zscaler has signed a sublease for 301,163 square feet of office space at 4301 and 4401 Great America Parkway in Santa Clara. The company, which provides Zero Trust cybersecurity, will use the facility as its new Silicon Valley global headquarters that is set to open in summer 2026. Mike Saign and Rich Hoyt of Newmark represented Zscaler in the lease negotiations.

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Clock-Tower-Burlingame-CA

BURLINGAME, CALIF. — Matthews Real Estate Investment Services has arranged the sale of The Clock Tower, an office building in Burlingame. Sazze Partners, a venture capital firm from South Korea, acquired the asset for $5.4 million and plans to establish a U.S. office at the site. Located at 20 Park Road, The Clock Tower offers 6,815 square feet of office space. Marko Buljan of Matthews facilitated the transaction.

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KANSAS CITY, MO. — National law firm Lathrop GPM LLP will move its Kansas City headquarters to a new 47,000-square-foot office at Stanton Road Capital’s 2323 Grand Boulevard. The firm is relocating from its roughly 111,000-square-foot space at 2345 Grand Boulevard, where it has been based since the 1970s. The new office will be designed to adopt the firm’s companywide shift toward a hybrid work approach and is slated for occupancy in summer 2026. Lathrop’s office will be located on floors seven and eight with nine conference rooms, private offices, open workspaces and employee wellness rooms. Located in the heart of downtown, 2323 Grand Boulevard sits at the intersection of the Crossroads Art District and Crown Center, directly across from Union Station and the new RideKC streetcar station. The 320,976-square-foot, 11-story building offers onsite parking, flexible floor plates and spec suites. Stanton Road Capital acquired the property in late 2017 and has updated the amenities, including a conference center, gym, tenant lounge, dining area and outdoor patio. Additionally, Grand Coffee Co. will open a location within the building. Travis Helgeson and Miles McCune of Range Realty Partners are the property’s leasing agents. Scott Bluhm of Newmark Zimmer represented Lathrop GPM …

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ALVARADO, TEXAS — Bradford Commercial Real Estate Services has negotiated a 16,000-square-foot lease at an industrial flex building in Alvarado, a southern suburb of Fort Worth. The tenant, Legend Conversion, which provides custom automotive build-outs, will occupy the entire building at 4209 Longhorn Drive, which features 25-foot clear heights, four grade-level doors and two dock-high doors. Todd Lambeth and Cade Navarro of Bradford represented the landlord, AAN Development LLC, in the lease negotiations.

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CHICAGO — Greenstone Partners has negotiated the $7.4 million sale of a 48,500-square-foot flex office and industrial building located at 1100 W. Monroe St. in Chicago’s Fulton Market neighborhood. The three-story property features efficient floor plates, industrial storage, three exterior docks on the first floor and 37 surface parking spaces. The asset, which was well maintained by an owner-occupant for more than 20 years, is located two blocks south of McDonald’s global headquarters. Jason St. John of Greenstone Partners represented the buyer, Alexander West Capital, the family office of the Leopardo family. The property will serve as the new home for Leopardo Construction’s Chicago operations. Andrew Davidson, Jay Beadle and David Kimball of Transwestern represented the seller, 1100 West Monroe LLC, an affiliate of Kolcraft Enterprises.

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