Wednesday, August 27, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Office

Sprouts-Farmers-Headquarters-Phoenix-AZ
ArizonaDevelopmentMixed-UseOfficeRestaurantRetailWestern

Wespac Breaks Ground on Sprouts Farmers Market Headquarters in Phoenix

by Amy Works

PHOENIX — Wespac Construction has broken ground for the construction of Sprouts Farmers Market headquarters, a mixed-use campus in north Phoenix. Trammell Crow Co. is developing the project, which was designed by RSP Architects. Keyser and JLL are handling brokerage services for the project. Located within CityNorth near 56th Street and Loop 101, the 180,000-square-foot campus will feature a four-story, 144,500-square-foot Class A office building, a 25,000-square-foot flagship Sprouts grocery store, 11,000 square feet of high-end retail and restaurant space and a three-story parking garage. The campus will also offer modern amenities, including an onsite gym, yoga studio, top-floor deck, Press Coffee café, culinary kitchens, tasting rooms and a garden for chef-driven meals and community events. Sprouts will transition from its current 96,000-square-foot space to the new location by August 2026.

Continue Reading
FacebookTwitterLinkedinEmail
Autry-Park-One-Houston
DevelopmentLoansOfficeTexas

JLL Secures Construction Debt, JV Equity for West Houston Office Project

by Taylor Williams

HOUSTON — JLL has secured an undisclosed amount of construction debt and joint venture equity for Autry Park One, a 127,651-square-foot office project that will be located along Allen Parkway and the Buffalo Bayou in West Houston. Autry Park One will offer private offices, meeting space, mid-building outdoor decks, an indoor/outdoor rooftop deck, fitness facility and 10,500 square feet of retail space. Colby Mueck, Cortney Cole and Kevin McConn of JLL worked with Hanover Co. and LOCAL to secure joint venture equity for the project and separately arrange a syndicated construction loan with two regional banks.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsCaliforniaMixed-UseMultifamilyOfficeWestern

Manova Partners Buys Parallel on Fourth Mixed-Use Property in San Mateo, California

by Amy Works

SAN MATEO, CALIF. — Manova Partners has acquired Parallel on Fourth, a mixed-use property in downtown San Mateo. Terms of the transaction were not disclosed. Located at 405 E. 4th Ave., the property offers 15 residential units above 62,338 square feet of office space and two levels of subterranean parking. Verkada, a provider of cloud-based security and operating systems, fully occupies the office space and master leases 13 of the residential units. The remaining units are offered at below market-rate rents. Eric Ramm of Manova negotiated the transaction on behalf of Manova Partners. Will Connors and Adam Lasoff of JLL Capital Markets represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsArizonaOfficeWestern

Commercial Retail Advisors Brokers Sale of Oracle Gateway Office Building in Tucson, Arizona

by Amy Works

TUCSON, ARIZ. — Commercial Retail Advisors has arranged the sale of Oracle Gateway, an office property at 3870 N. Oracle Road in Tucson. Spotted Fawn LLC acquired the asset from 3838 Oracle Plaza Joint Venture LLC for an undisclosed price. The two-story, 22,901-square-foot building was vacant at the time of sale. Craig Finfrock of Commercial Retail Advisors represented the seller, while the buyer was self-represented in the transaction. Ten-X facilitated the auction sale. Commercial Retail Advisors will represent Spotted Fawn LLC in the leasing of the property.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestOffice

AXIS 360 Brokers $1.5M Sale of Office Building in Bloomington, Illinois

by Kristin Harlow

BLOOMINGTON, ILL. — AXIS 360 Commercial Real Estate Specialists has brokered the $1.5 million sale of a 13,840-square-foot office building located at 421 Detroit Drive in Bloomington. The buyer, Wilber Group, is an insurance subrogation and claims recovery services provider. The property will serve as Wilber’s third campus in the Bloomington-Normal area. Laura Pritts of AXIS 360 represented the undisclosed seller, while Meghan O’Neal-Rogozinski of AXIS 360 represented Wilber.

Continue Reading
FacebookTwitterLinkedinEmail
GeorgiaMarket ReportsOfficeSoutheastSoutheast Market Reports

Competition for Prime Office Space Intensifies in Atlanta

by John Nelson

Tenants are battling it out for Atlanta’s top-tier office space as trophy availability tightens and new office construction draws to a halt. With no end to the flight-to-quality trend in sight, Class B assets accounted for a whopping 70 percent of the market’s overall negative absorption (-736,682 square feet total net) in the first quarter of 2025, while Trophy assets recorded positive absorption (+114,579 square feet). Furthermore, office buildings that delivered between 2016 and 2021, which amount to almost 14 million square feet of space, currently average 92 percent occupancy. This underscores the growing divide between the haves and have-nots in Atlanta’s office market. Premium space in demand As office leasing activity reaches its highest level since 2019, decision-makers face a rapidly evolving landscape where securing the right space requires a highly motivated and strategic approach. With rising attendance mandates, workforce expansion and a limited supply of premium office space, competition for the best locations is intensifying. In Atlanta, submarkets like Midtown and Central Perimeter continue to outperform. Mini submarkets surrounding mixed-use districts like Avalon and The Battery (i.e. “urban-edge” in the suburbs) are also in high demand among tenants craving walkability and upscale amenities in the metro’s most sought-after …

Continue Reading
FacebookTwitterLinkedinEmail
LoansOfficeTexas

Jefferson Bank Provides $6.3M in Financing for Northwest Austin Office Park

by Taylor Williams

AUSTIN, TEXAS — Regional lender Jefferson Bank has provided $6.3 million in financing for Volente Crossing, an office park in northwest Austin. The undisclosed borrower will use proceeds to refinance existing debt and complete construction. Volente Crossing is a 5.5-acre development with 10 individual sites for vertical development, each designed to accommodate a 4,800-square-foot office building. The park currently consists of one completed, fully leased office building, two shell structures and seven office pad sites. Upon full build-out, the park will feature approximately 48,000 square feet of office space across three completed buildings and seven pad sites.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestOffice

Premier Commercial Realty Negotiates $1.8M Sale of Office Building in Cary, Illinois

by Kristin Harlow

CARY, ILL. — Premier Commercial Realty has negotiated the $1.8 million sale of a multi-tenant office building in Cary, a far northwest suburb of Chicago. The 18,434-square-foot property is located at 2615 Three Oaks Road. Heather Schweitzer and Bruce Kaplan of Premier represented the seller. Rick Ofman of Essex Realty Group represented the buyer, a local investor.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentGeorgiaLife SciencesMixed-UseOfficeSoutheast

Georgia Tech Repositions Biltmore Building in Midtown Atlanta as Strategic Hub in Tech Square

by John Nelson

ATLANTA — The Georgia Institute of Technology (Georgia Tech) has launched The Biltmore at Tech Square, a 286,931-square-foot mixed-use building located within the larger 2.5 million-square-foot Tech Square innovation district of Midtown Atlanta. The Biltmore building originally opened in 1924 as a grand hotel before transitioning to office space in the 1990s. The property housed the first radio station in Atlanta. Georgia Tech purchased the property in 2016. The school has tapped Collaborative Real Estate, helmed by David Tyndall, an original co-developer of Tech Square, to oversee the Biltmore’s redevelopment. The reimagined Biltmore houses more than 100,000 square feet of Georgia Tech’s innovation sector, including the CREATE-X headquarters (Georgia Tech’s flagship student startup accelerator); Quadrant-i (Georgia Tech’s gateway for launching research-driven ventures); Office of Technology Licensing; VentureLab (home of the National Science Foundation Innovation Corps Southeast hub); Startup Scaling Platform; Corporate Engagement Office; and the Venture Investment Hub, as well as additional strategic partners. “Atlanta is becoming the startup capital of the South, and this next chapter for The Biltmore strengthens our momentum,” says Atlanta Mayor Andre Dickens. “We are bringing together the people, places and resources to accelerate Atlanta’s growth as a world-class tech and innovation ecosystem.” Upon completion, …

Continue Reading
FacebookTwitterLinkedinEmail
HealthcareLeasing ActivityNew JerseyNortheastOffice

Kessler Rehabilitation Center to Open 125,000 SF Office, Clinic at Harborside in Jersey City

by Taylor Williams

JERSEY CITY, N.J. — Kessler Rehabilitation Center will open a 125,000-square-foot office and clinic at the Harborside mixed-use campus in Jersey City. The space spans the top two floors of Building 6 and can support creative office, production studio, medical and retail uses. Jamie Drummond, Dan Reider and John Crawford of Newmark represented the landlord, American Equity Partners, in the lease negotiations. A tentative opening date was not announced.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts