Office

Skender Completes 535,000 SF Office Development in Chicago’s Fulton Market

by Kristin Harlow April 22, 2026

CHICAGO — Chicago-based general contractor Skender has completed The Fulton, an 11-story, 535,000-square-foot office development at 217 N. Sangamon St. in Chicago’s Fulton Market neighborhood. Developed by Fulton Street Cos. and Shanna Collective, the project marks the only Class A office building to break ground in Chicago since 2023, according to Skender. Designed by FitzGerald Associates Architects and Morris Adjmi Architects, The Fulton features floor-to-ceiling windows, several outdoor terraces, a rooftop lounge and bar, multiple conference and coworking spaces and a fitness center. A basement provides parking for up to 80 vehicles. Additionally, a glass atrium connects the new development with a redevelopment of the historic Schwinn Bicycle factory, which is being converted from apartments into office space. Alex Panici, vice president at Skender, says the project brings the perfect blend of historical significance and modern design. “A tremendous amount of thought was put into everything from the material selection to the energy efficiency, and this property is sure to meet the needs of the modern workforce long into the future.” The Fulton is both WELL- and LEED Silver-certified. Committed office tenants include The Coca-Cola Co., Harrison Street Asset Management, BlackEdge Capital and Permanent Capital. Gibsons Steakhouse and Equinox Fitness …

April 22, 2026

Acquisitions Loans Office Texas

Joint Venture Acquires 310,943 SF Office Building in North Dallas

by Taylor Williams April 21, 2026

DALLAS — A joint venture between Dallas-based Pillar Commercial and New York-based Ascent Real Estate Advisors has acquired Rambler Park, a 310,943-square-foot office building in North Dallas. The 14-story building is located within a medical district that is anchored by Texas Health Presbyterian Hospital and is home to multiple healthcare tenants. Brian Carlton and De’On Collins of JLL arranged an undisclosed amount of acquisition financing for the deal through First Bank. The seller was not disclosed.

April 21, 2026

Leasing Activity New York Northeast Office

StoneX Signs 21,904 SF Office Lease Expansion in Midtown Manhattan

by Taylor Williams April 21, 2026

NEW YORK CITY — StoneX has signed a 21,904-square-foot office lease expansion in Midtown Manhattan. The global financial services firm is taking additional space on the 32nd floor at 230 Park Avenue, bringing its total footprint to 94,742 square feet. Mark Weiss, Scott Shelbourne and Melissa Rubenstein of Cushman & Wakefield represented StoneX in the lease negotiations. Brian Waterman, Scott Klau, Erik Harris, Zach Weil and Cole Gendels of Newmark, along with internal agents Andrew Ackerman and Walter Rooney, represented the landlord, RXR.

April 21, 2026

Acquisitions Indiana Midwest Office Retail

Quantum Brokers $6.9M Sale of Retail, Office Portfolio in Merrillville, Indiana

by Kristin Harlow April 21, 2026

MERRILLVILLE, IND. — Quantum Real Estate Advisors Inc. has brokered the sale of a three-building retail and office portfolio in Merrillville for $6.9 million. Brett Berlin and Dan Waszak of Quantum represented the seller, Time Equities Inc. The buyer, a Midwest-based fund, plans to invest significant capital into the value-add properties.

April 21, 2026

Acquisitions District of Columbia Mixed-Use Office Southeast Top Stories

BXP Sells 50 Percent Stake in Marriott Headquarters Building in Bethesda, Maryland at $430M Valuation

by John Nelson April 21, 2026

BETHESDA, MD. — BXP (NYSE: BXP), the company formerly known as Boston Properties, has sold a 50 percent ownership interest in the corporate headquarters building for global hotelier Marriott International Inc. in downtown Bethesda. The Boston-based real estate development and management firm delivered the 21-story office tower in 2021 and is now selling its stake to its joint venture partner, The Bernstein Cos., at a $430 million valuation. Tommy Cleaver, Bill Shanahan, Dan Grimes and Chloe Neal of CBRE represented BXP in the sale. BXP’s net proceeds in the sale came out to $83 million. In addition to LEED Gold and Fitwel certifications, the Marriott office tower has features a rooftop terrace; grand lobby with an LED wall and three-story atrium; 7,500-square-foot fitness center; collaboration space; two dining offerings; 11,000-square-foot childcare center; and an innovation center with a test kitchen. According to Marriott, the office tower can accommodate roughly 3,500 workers across 2,842 workspaces. The hotel giant fully debuted the tower in fall 2022. “This remarkable headquarters is the result of a shared vision and a strong partnership with BXP,” says Adam Bernstein, president and CEO of The Bernstein Cos. “Together, we delivered a world-class building for Marriott International’s global headquarters …

April 21, 2026

Development Office Retail Texas

Joint Venture Breaks Ground on 300,000 SF Office, Retail Project in Uptown Dallas

by Taylor Williams April 20, 2026

DALLAS — A joint venture that includes BDT & MSD Partners, Trammell Crow Co. and The Retail Connection has broken ground on Knox & McKinney, a 300,000-square-foot office and retail project in Uptown Dallas. Situated two blocks west of the joint venture’s larger, 1 million-square-foot mixed-use development, the 12-story building will consist of 280,000 square feet of office space and 20,000 square feet of retail and restaurant space. Amenities will include a fitness center, tenant lounge and private bar, multiple terraces and conference/boardroom facilities. Law firm Jones Day has preleased 76,000 square feet of space at Knox & McKinney as the future anchor tenant. Pickard Chilton Architects and HKS Architects are designing Knox & McKinney, and DPR Construction is serving as the general contractor. Trey Morsbach, Jim Curtin, Rex Cruz and Obi Eboh of JLL arranged an undisclosed amount of construction financing for the project through Goldman Sachs Alternatives. Completion is slated for 2028.

April 20, 2026

Leasing Activity Office Texas

Welcome Group Opens New Office Headquarters in Uptown Houston

by Taylor Williams April 20, 2026

HOUSTON — Local developer Welcome Group has opened a new, 18,445-square-foot office headquarters in Uptown Houston. The space, which is located on the 12th floor of the roughly 275,000-square-foot building at 515 Post Oak Blvd., represents an expansion for Welcome Group. Parker Duffie and Joel Douthit of CBRE represented the undisclosed landlord in the lease negotiations. Welcome Group was self-represented.

April 20, 2026

Acquisitions Illinois Midwest Office

Real Capital Solutions Acquires 10-Story Office Building in Naperville, Illinois for $16.1M

by Kristin Harlow April 20, 2026

NAPERVILLE, ILL. — Real Capital Solutions (RCS) has acquired MetroWest, a 10-story office building in Naperville, for $16.1 million. The 207,714-square-foot property is located at 55 Shuman Blvd. The purchase price represents a significant discount to the property’s most recent sale for $32.5 million in 2015 when it was nearly fully leased. RCS says the reset in pricing reflects broader market conditions, including higher interest rates, constrained lending and limited liquidity across the office sector. MetroWest is currently 67.6 percent leased and is anchored by Midwest Orthopaedics at Rush, which occupies 11 percent of the building under a long-term lease through 2034. Designed by architect Helmut Jahn, the building features amenities such as a fitness center, cafeteria and structured parking. RCS plans to implement a targeted leasing and repositioning strategy. Approximately 40 percent of the vacant space already includes modernized or move-in-ready suites. Newmark’s Peter Harwood, Jim Postweiler, Jack Trager and Mary Gilbank represented the undisclosed seller.

April 20, 2026

Acquisitions Illinois Midwest Office

Lee & Associates, CBRE Arrange Sale of 510,000 SF Former Corporate Campus in Elgin, Illinois

by Kristin Harlow April 17, 2026

ELGIN, ILL. — Lee & Associates of Illinois and CBRE have arranged the sale of a 510,000-square-foot, 82-acre former corporate campus and ministry facility at 1000 N. Randall Road in Elgin. Kenneth Franzese and John Cassidy of Lee & Associates and Tony Gange of CBRE represented the seller, Harvest Bible Chapel. The self-represented buyer was Acts2Network, a Christian organization based in California. Originally developed as Safety-Kleen’s world headquarters in 1993, the property includes a roughly 350,000-square-foot office building wrapped around a multi-story parking deck, plus a 160,000-square-foot addition developed by Harvest Bible Chapel to accommodate an academy, worship center, gym and multipurpose ministry space. Amenities include a 2,100-seat auditorium, athletic center, production studios, training rooms, a cafeteria with full kitchen, visitor café and related support areas. The transaction terms included a longer-term leaseback for Harvest Bible Chapel’s academy and portions of its corporate offices, worship center and support spaces. Prior to closing, Acts2Network and Harvest Bible Chapel began cohabitating the campus. Shared spaces such as the worship center and gym serve both organizations.

April 17, 2026

Loans New Jersey Northeast Office

Eastman Cos. Recapitalizes 385,000 SF Office Complex in Livingston, New Jersey

by Taylor Williams April 16, 2026

LIVINGSTON, N.J. — Locally based owner-operator Eastman Cos. has recapitalized The Eisenhower, a 385,000-square-foot office complex located in the Northern New Jersey community of Livingston. The recapitalization comprised $24.2 million in financing from Ladder Capital and approximately $14 million in additional equity. The Eisenhower sits on a 24-acre site and offers amenities such as a conference center with a 200-seat auditorium, a full-service cafeteria and a fitness center. David Bernhaut, John Alascio, Brad Domenico, Chuck Kohaut, Frank Stanislaski, Bill Baunach and Jack Subers of Cushman & Wakefield advised Eastman Cos. on the transaction.

April 16, 2026

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