Friday, June 20, 2025
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GeorgiaLeasing ActivityOfficeSoutheast

FanDuel Opens 68,000 SF Office at Ponce City Market in Atlanta

by John Nelson

ATLANTA — FanDuel, a sports-tech entertainment firm known for its fantasy sports leagues, has opened its new offices at Ponce City Market, a mixed-use development in Atlanta’s Old Fourth Ward district. The company’s 68,000-square-foot space occupies the third floor and houses its software engineering, product development, user experience and user interface teams. The new office space features a mock sportsbook that tests FanDuel’s latest retail products; desk pods that support focused sprints and quick collaborations; and virtual scrum areas that allow digital whiteboarding concurrently across office locations. The heart of the office, the café and gaming zone, features a 12-foot video wall and a rotating selection of beer taps with beers made in Georgia that are selected by employees. FanDuel plans to grow its Atlanta-based workforce to approximately 900 colleagues over the next five years across 22 types of work settings. The company signed the lease last summer with Jamestown, the Atlanta-based owner of Ponce City Market.

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Epic-One-Colorado-Springs-CO
AcquisitionsColoradoOfficeWestern

Crescent Real Estate Divests of 1 MSF Office Portfolio in Colorado Springs for $180M

by Amy Works

COLORADO SPRINGS, COLO. — Crescent Real Estate has completed the disposition of a Class A office portfolio totaling 1 million square feet in Colorado Springs. The 13-building asset was sold as a mix of individual buildings and micro-portfolios to multiple buyers during the past four years for an aggregate price of $180 million. Aaron Johnson and Jon Hendrickson of Cushman & Wakefield represented the seller in the disposition of the entire portfolio. Crescent Real Estate originally acquired the portfolio of mid-rise and single-story office buildings in 2018 for $125 million. Crescent began divesting of the assets in 2019 through 2022. The portfolio includes: Epic One, a 145,694-square-foot building at 10807 New Allegiance Drive InterQuest I, a 74,005-square-foot facility at 9945 Federal Drive InterQuest II, a 54,057-square-foot building at 9925 Federal Drive InterQuest III, a 66,223-square-foot building at 9950 Federal Drive InterQuest IV, a 46,948-square-foot property at 9960 Federal Drive Patriot Park I, a 103,183-square-foot facility at 985 Space Center Drive Patriot Park II, a 33,190-square-foot building at 980 Technology Court Patriot Park V, a 51,770-square-foot property at 745 Space Center Drive Patriot Park VI, a 103,970-square-foot asset at 655 Space Center Drive Patriot Park VII, an 89,624-square-foot facility at 565 …

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Leasing ActivityOfficeSoutheastVirginia

Genworth Financial Leases 175,000 SF of Office Space at SunTrust Business Center in Metro Richmond

by John Nelson

GLEN ALLEN, VA. — Genworth Financial Inc., a publicly traded personal finance firm based in Richmond, has leased approximately 175,000 square feet of office space at SunTrust Business Center, an office campus located at 1011-11013 W. Broad St. in the Richmond suburb of Glen Allen. The firm is subleasing the space from Truist Bank and also signed a direct lease with the landlord, FD Stonewater, that commences at the end of the sublease term. Dean Meyer and Mac Wilson of Cushman & Wakefield|Thalhimer, as well as Jamie Smith of Cushman & Wakefield’s Baltimore office, represented Genworth Financial in the lease negotiations. Paul Silver, Brian Berkey and Karla Knight of Thalhimer, as well as Hap Royster and William Woltz of Cushman & Wakefield’s Winston-Salem office, represented Truist Bank. Amy Broderick and Jeffrey Cooke of Thalhimer represented FD Stonewater. SunTrust Business Center will be the new corporate headquarters for Genworth Financial. Other tenants at the campus include EAB, Wipro, Magellan and Home Care Delivered.

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AcquisitionsOfficeTexas

Marcus & Millichap Brokers Sale of 12,025 SF Office Building in Katy, Texas

by Taylor Williams

KATY, TEXAS — Marcus & Millichap has brokered the sale of Grand Reserve Plaza, a 12,025-square-foot office building in the western Houston suburb of Katy. James Bell and Watt Harrison of Marcus & Millichap represented the seller, a private investor, in the transaction. The buyer was a 1031 exchange investor from West Texas. Both parties requested anonymity.

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Leasing ActivityOfficeTexas

Revere Capital Signs 8,000 SF Office Lease in North Dallas

by Taylor Williams

DALLAS — Locally based investment management firm Revere Capital has signed an 8,000-square-foot office lease at Premier Place, a 457,901-square-foot building located at 5910 N. Central Expressway in Dallas. The transit-oriented building houses a 62,000-square-foot Life Time fitness center, outdoor amenity space and a conference center. CBRE represented Revere Capital in the lease negotiations. Glenstar Properties owns Premier Place.

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Leasing ActivityNew YorkNortheastOffice

Anchin Signs 45,673 SF Office Headquarters Lease at 3 Times Square in Midtown Manhattan

by Taylor Williams

NEW YORK CITY —Accounting firm Anchin, Block & Anchin has signed a 45,673-square-foot office headquarters lease at 3 Times Square in Midtown Manhattan. The 30-story building, which was originally constructed in 2001 as the headquarters for Reuters, is currently undergoing a multimillion-dollar renovation. Michael Cohen, Andrew Roos, Jessica Verdi and Mac Roos of Colliers represented Anchin, which plans to relocate from 1375 Broadway next fall, in the lease negotiations. John Cefaly, Lou D’Avanzo, Ron Lo Russo, Heather Thomas and Paige Engeldrum of Cushman & Wakefield, along with internal agent Tom Keating, represented the landlord, Rudin.

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DevelopmentIllinoisMidwestOffice

DeJames Builders Breaks Ground on 15,000 SF Office for Baird & Warner in Naperville, Illinois

by Kristin Harlow

NAPERVILLE, ILL. — DeJames Builders has broken ground on a 15,000-square-foot office for real estate services company Baird & Warner in Naperville. The office, located at 1528 Aurora Ave., is designed to house up to 500 Baird & Warner agents when it opens in 2023. The new office will accommodate all three of Baird & Warner’s business lines — brokerage, mortgage lending and title insurance — under one roof. The project team includes developer RX Health & Science Trust and architect OKW Architects. Baird & Warner’s current Naperville office is located at 836 W. 75th St. The firm maintains several offices throughout Chicagoland.

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KansasLeasing ActivityMidwestOffice

Vytelle Relocates Headquarters to Lenexa City Center in Kansas

by Kristin Harlow

LENEXA, KAN. — Vytelle is relocating its headquarters from Oregon to The District at Lenexa City Center in Kansas. Lenexa is about 15 southwest of Kansas City. The livestock company helps cattle producers optimize their herds worldwide. Vytelle chose Kansas for its new headquarters due to the central location within the United States and proximity to a large and growing community of animal health and agriculture technology companies in the region. Vytelle will occupy 2,477 square feet on the second floor of the Penn II building at 8789 Penrose Lane. Ellen Fisher of AREA Real Estate Advisors represented the tenant. Ryan Biery of Copaken Brooks represented the landlord on an internal basis. When fully developed, Lenexa City Center will consist of more than 2 million square feet, including civic components for the City of Lenexa, nearly 1 million square feet of office and retail space, and 375 apartment units.

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DevelopmentNorth CarolinaOfficeSoutheast

Chartwell, Jefferson River Capital Begin Redevelopment of Office Campus in Raleigh

by John Nelson

RALEIGH, N.C. — A partnership between Chartwell Property Group and Jefferson River Capital has begun the redevelopment of the former Martin Marietta corporate headquarters located at 2700 and 2710 Wycliff Road in Raleigh. The project, named The Grove, will feature two office buildings spanning 152,000 square feet of office space and 16,000 square feet of amenity space, including a self-serve café and bar, library, lounge, golf simulator, indoor and outdoor conference rooms and outdoor workspaces. The project will also include a high-end gym and spa that features an indoor pickleball court, Peloton bikes, sauna and a locker room. Chartwell and Jefferson River Capital have tapped John Brewer and Ed Pulliam of CBRE|Raleigh to lease The Grove, which is set for an early 2023 completion.

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AcquisitionsNew JerseyNortheastOffice

Treetop Acquires Northern New Jersey Office Building, Land Sites for $27M

by Taylor Williams

BRIDGEWATER, N.J. — New Jersey-based investment and development firm Treetop has acquired a 112,000-square-foot office building and two adjacent land sites in the Northern New Jersey community of Bridgewater for $27 million. The sites span a combined 27 acres. Elli Klapper, Charles Berger, Jeremy Wernick, Mark Silverman and Donald Sperling of CBRE represented the seller, Bridgemark Hospitality, in the transaction. Treetop plans to implement a value-add program at the existing building.

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