Office

Lincoln Arranges Office Leases Totaling 10,400 SF at Park Central Office Building in Atlanta

by Hayden Spiess June 1, 2023

ATLANTA — Lincoln Property Co. Southeast has arranged two leases totaling 10,400 square feet at Park Central, a 213,165-square-foot office building in Atlanta. Telespecialist will occupy 9,000 square feet at the property, and Broadway Across America will occupy 1,400 square feet. Hunter Henritze, Matt Fergus and Seabie Hickson of Lincoln represented the landlord, TerraCap Management, in the leasing negotiations. David Pope of Lavista Associates represented Broadway Across America. Park Central underwent $3.4 million in renovations in 2018, including upgrades to building systems, common areas and amenities. The property features covered parking, an onsite café, fitness center, conference center and 24-hour security.

June 1, 2023

Leasing Activity Life Sciences Massachusetts Northeast Office

Newmark Arranges 7,397 SF Office, Life Sciences Lease in Burlington, Massachusetts

by Taylor Williams June 1, 2023

BURLINGTON, MASS. — Newmark has arranged a 7,397-square-foot office and life sciences lease in Burlington, a northwestern suburb of Boston. The tenant, medical imaging services provider UII America Inc., has committed to leasing space at Blue Sky Center, a 158-acre campus. Matt Malatesta, Tyler McGrail, Michael Frisoli and Margaret Fee of Newmark represented the owner, Nordblom Co., in the lease negotiations. Malatesta and Dave Townsend, also with Newmark, represented the tenant. Amenities at Blue Sky Center include a fitness center, café, basketball court, gaming area and a golf simulator.

June 1, 2023

Acquisitions Office Texas

JLL Negotiates Sale of Two Office Buildings Totaling 153,294 SF in The Woodlands, Texas

by Taylor Williams May 31, 2023

THE WOODLANDS, TEXAS — JLL has negotiated the sale of two office buildings totaling 153,294 square feet in The Woodlands, about 30 miles north of Houston. The buildings sit on a combined 9.8 acres at 10200 Grogans Mill Road and 1610 Woodstead Court and had a collective occupancy rate of about 67 percent at the time of sale. Rick Goings, Marty Hogan and Kevin McConn of JLL represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

May 31, 2023

Loans Northeast Office Pennsylvania Retail

Prestige Group Arranges $20M Loan for Refinancing of Office, Retail Property in Jenkintown, Pennsylvania

by Taylor Williams May 31, 2023

JENKINTOWN, PA. — Pennsylvania-based finance and advisory firm Prestige Group has arranged a $20 million loan for the refinancing of an 81,500-square-foot office and retail property in Jenkintown, a northern suburb of Philadelphia. The property comprises a 42,000-square-foot retail building occupied by LA Fitness, a 35,500-square-foot vacant office building and a 4,000-square-foot restaurant. Richard Natow of Prestige Group arranged the loan through an undisclosed regional bank. The undisclosed borrower will use a portion of the proceeds to fund capital improvements.

May 31, 2023

Illinois Leasing Activity Midwest Office

Thales Division Moves into 24,673 SF Office in Aurora, Illinois

by Kristin Harlow May 31, 2023

AURORA, ILL. — A U.S. division of global technology firm Thales has moved into its new office at 750 N. Commons Drive in Aurora. Stanton Road Capital owns the Class A office and industrial property, which totals 205,068 square feet and is fully leased. Thales moved from a previous location in Aurora and made the new space the home of its Visionix division, which develops helmet-mounted display and motion tracking technologies for aerospace and defense use. Using tenant improvement investments from Stanton Road Capital, Thales transformed its space to integrate office and meeting areas with advanced research and design features such as cockpit simulators. Francis Prock, David Florent and Brian Kling of Colliers are the exclusive leasing agents for the building. Kelleen Monti, Chris Bynum and Madelyn Farmer of JLL represented Thales.

May 31, 2023

Leasing Activity Life Sciences Massachusetts Northeast Office

Newmark Arranges 47,578 SF Office, Life Sciences Lease in Burlington, Massachusetts

by Taylor Williams May 30, 2023

BURLINGTON, MASS. — Newmark has arranged a 47,578-square-foot office and life sciences lease in Burlington, a northwestern suburb of Boston. The tenant, metals processor Nth Cycle Inc., has committed to leasing space at Blue Sky Center, a 158-acre campus. Matt Malatesta, Tyler McGrail, Michael Frisoli and Margaret Fee of Newmark represented the owner, Nordblom Co., in the lease negotiations. Nick Amarante and Mekae Hyde of Hughes Marino represented the tenant. Amenities at Blue Sky Center include a fitness center, café, basketball court, gaming area and a golf simulator.

May 30, 2023

Acquisitions North Carolina Office Southeast

Northridge Capital Sells Creative Office Building in Charlotte for $19.2M

by John Nelson May 26, 2023

CHARLOTTE, N.C. — Northridge Capital, an independent real estate management firm based in Washington, D.C., has sold a historic creative office building in Charlotte’s FreeMoreWest submarket. An undisclosed real estate investment firm based in Charlotte purchased Grinnell Water Works, located at 1435 W. Morehead St., for $19.2 million. Alex Olofson of Stream Realty Partners and Jared Londry of PointBlank Ventures represented Northridge Capital in the transaction. Grinnell Water Works was built in 1930 and offers approximately 52,000 square feet of rentable office space across two floors. The asset was 70 percent leased at the time of sale.

May 26, 2023

Development Office Texas

Cawley Partners Underway on 120,000 SF Office Project in Plano

by Taylor Williams May 26, 2023

PLANO, TEXAS — Dallas-based developer Cawley Partners is underway on construction of Phase II of The Parkwood, a project in Plano that will add 120,000 square feet of office space to the local supply. Phase I of The Parkwood, which also comprises 120,000 square feet, was completed in late 2022 and is fully leased to First United Bank. Phase II is 43 percent preleased, with SFMG Wealth Advisors committed as the anchor tenant with a 22,000-square-foot lease. Amenities at The Parkwood include a fitness center, pickleball court, conference centers and rooftop terraces.

May 26, 2023

Colorado Loans Office Western

Crestone Partners Receives $66M Refinancing for Office Complex in Denver

by Jeff Shaw May 26, 2023

DENVER — Crestone Partners has received a $66 million refinancing for a 279,188-square-foot office property in Denver. The asset consists of two interconnected, Class A office towers in Denver’s LoDo submarket. The space is nearly 95 percent leased to 13 tenants. There is also 25,188 square feet of ground-floor retail space and a 467-space parking garage on the first and second floors. JLL’s Bob Flynn, Garth Tait, Dave Meares and Heidi McKernan represented the borrower and operator, Crestone Partners, to secure the five-year, fixed-rate loan through an international correspondent life insurance company.

May 26, 2023

Illinois Leasing Activity Midwest Office

Bradford Allen Negotiates Two Office Leases Totaling 35,000 SF at Five-Story Building in Deerfield, Illinois

by Kristin Harlow May 26, 2023

DEERFIELD, ILL. — Bradford Allen has negotiated two leases totaling 35,000 square feet at 570 Lake Cook Road, a five-story office building in the northern Chicago suburb of Deerfield. The 138,000-square-foot office building was renovated last year. Venture X signed a 19,000-square-foot lease to open a new coworking location. Expected to open later this year, the location will be the company’s second within Chicagoland. Joel Berger of Bradford Allen represented ownership, while Vic Sanmiguel of Bespoke Commercial Real Estate represented the tenant. Planning and design consulting firm Kimley-Horn signed a long-term extension and expanded its footprint to 16,000 square feet. Berger represented ownership, while Hayden Rasmussen and Jon Azulay of Savills represented the tenant.

May 26, 2023

Newer Posts

Older Posts