Office

Skender Completes Renovation of 31-Story Office Tower in Chicago

by Kristin Harlow January 18, 2023

CHICAGO — Skender has completed a renovation of 225 W. Wacker Drive, a 31-story office tower totaling 651,000 square feet in Chicago’s West Loop. San Francisco-based Spear Street Capital owns the building. Valerio Dewalt Train served as architect and Kohn Pedersen Fox Associates was the designer. Skender began the process of renovating the building’s lower lobby and Franklin Street entrance, fourth-floor amenity space and roof deck in summer 2021. Connected to the fourth-floor interior space is a completely redesigned open-air terrace with gardens. Cushman & Wakefield served as manager and owner’s representative on the project. OvS served as landscape architect for the terrace.

January 18, 2023

Kansas Leasing Activity Midwest Office

Hill’s Pet Nutrition Relocates Headquarters to Aspiria Campus in Overland Park, Kansas

by Kristin Harlow January 18, 2023

OVERLAND PARK, KAN. — Hill’s Pet Nutrition has unveiled plans to relocate its global and U.S. headquarters to the Aspiria campus in Overland Park. The company is currently based in Topeka and will continue to invest in its science, technology and manufacturing hubs in Topeka. Hill’s expects to move offices in the fourth quarter of this year and will occupy roughly 100,000 square feet. Occidental Management owns Aspiria, which is the redevelopment of the former Sprint campus.

January 18, 2023

Acquisitions Loans Office Texas

CBRE Arranges Acquisition Financing for 143,831 SF Office Complex in San Antonio

by Taylor Williams January 17, 2023

SAN ANTONIO — CBRE has arranged an undisclosed amount of acquisition financing for Network Crossing, a 143,831-square-foot office complex in northwest San Antonio. Network Crossing consists of five buildings that were 85 percent leased at the time of the loan closing. Brock Hudson and Beau Brehm of CBRE arranged the five-year, fixed-rate loan on behalf of the borrower, Houston-based investment firm Fuller Interests. The direct lender was not disclosed.

January 17, 2023

Brookhollow-Riverside-Grand-Prairie-Texas

Acquisitions Office Texas

SkyWalker Property Partners Sells 119,121 SF Office Building in Grand Prairie, Texas

by Taylor Williams January 17, 2023

GRAND PRAIRIE, TEXAS — SkyWalker Property Partners has sold Brookhollow Riverside, a 119,121-square-foot office building in the central metroplex city of Grand Prairie. Tom Strohbehn and Scott Farber of Younger Partners represented the seller in the transaction. Houston-based Silver Creek Realty Advisors purchased the building for an undisclosed price via a 1031 exchange. SkyWalker Property Partners originally purchased the building, which was 90 percent leased at the time of sale, in 2006.

January 17, 2023

Leasing Activity Life Sciences Massachusetts Northeast Office

Newmark Negotiates 30,665 SF Lease at Office, Life Sciences Campus in Billerica, Massachusetts

by Taylor Williams January 17, 2023

BILLERICA, MASS. — Newmark has negotiated a 30,665-square-foot lease at Axis Park North, a six-building, 450,000-square-foot office and life sciences campus in Billerica, a northern suburb of Boston. Rory Walsh, Richard Ruggiero, Torin Taylor and Matthew Adams of Newmark represented the landlord, a partnership between Boston-based Camber Development and Wheelock Street Capital, in the lease negotiations. Kevin Kennedy and Tom Hovey of CBRE represented the tenant, ASMPT AEi, a provider of automated cameras and other digital technologies.

January 17, 2023

Illinois Leasing Activity Midwest Office

NewCold Expands Office Lease in Chicago to 35,564 SF

by Kristin Harlow January 17, 2023

CHICAGO — NewCold has expanded its office lease at 500 W. Madison Street in Chicago from 6,000 square feet to 35,564 square feet. The office serves as the company’s North American headquarters. The 40-story, Class A office building is known as Accenture Tower. Built in 1987, the property totals 1.4 million square feet and features a two-level fitness center with a basketball court along with a conference center and tenant lounge. KBS acquired the building in 2013. Dougal Jeppe of Colliers represented NewCold, which is an advanced automated warehouse and cold chain logistics company.

January 17, 2023

Acquisitions Office Texas

Partners Arranges Sale-Leaseback of 158,976 SF Office Building in Houston

by Taylor Williams January 16, 2023

HOUSTON — Partners, the locally based investment and brokerage firm formerly known as NAI Partners, has arranged the sale-leaseback of Gemini Plaza, a 158,976-square-foot office building in Houston. Gemini Plaza is situated adjacent to the NASA Johnson Space Center on the city’s southeast side. Cary Latham, Wyatt Huff and Dan Boyles represented the seller, Universal Weather & Aviation LLC, in the transaction. Noah Kruger of Savills represented the buyer, JMK5 Holdings.

January 16, 2023

Acquisitions Office Texas

Colliers Negotiates Sale of 73,019 SF Office Building in Houston

by Taylor Williams January 16, 2023

HOUSTON — Colliers has arranged the sale of a 73,019-square-foot office building located at 550 Greens Parkway in the Greenspoint area of Houston. According to real estate auction house Ten-X, the property was built on 4.6 acres in 1999 and was 36 percent leased at the time of sale. David Carter of Colliers represented the seller, Montco Lots, in the transaction. The name and representative of the buyer were not disclosed.

January 16, 2023

Leasing Activity Office Texas

Corgan Signs 17,265 SF Office Lease Expansion at The Luminary in Dallas

by Taylor Williams January 16, 2023

DALLAS — Architecture firm Corgan has signed a 17,265-square-foot office lease expansion at The Luminary in Dallas. The 169,000-square-foot building is located at the nexus of the company’s Harwood District, the downtown area, the arts district and the Victory Park mixed-use development. Greg Briggs and Randy Cooper of Stream Realty Partners represented Corgan, which now occupies 98,264 square feet at The Luminary, in the lease negotiations. Kelly Whaley and Hannah Mesh internally represented the landlord, Harwood International.

January 16, 2023

Illinois Leasing Activity Midwest Office

Zoro.com Signs 41,875 SF Office Lease Expansion at Accenture Tower in Chicago

by Kristin Harlow January 16, 2023

CHICAGO — Zoro.com has signed a 41,875-square-foot office lease expansion at Accenture Tower in Chicago. The company sells tools, industrial equipment and business supplies. Zoro.com previously occupied the 16th floor at Accenture Tower and will now occupy the 39th and 40th floors. The office building, owned by KBS, was recently renovated to include a new conference center, outdoor terrace with high-speed internet and modernized elevators.

January 16, 2023

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