Saturday, February 7, 2026
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AcquisitionsCaliforniaOfficeWestern

Private Investor Buys Office Building in Los Angeles’ Brentwood Submarket for $9.3M

by Jeff Shaw

LOS ANGELES — A private investor has acquired a 20,576-square-foot office building in the Los Angeles submarket of Brentwood for $9.3 million.  The building is located at 520 Sepulveda Blvd. The asset features two parking levels, three office levels, an open courtyard, plug-and-play cell tower platform and signage visible from I-405.  T.C. Macker, Jennifer Moscoso and Christian Holland of WESTMAC Commercial Brokerage Co. represented the seller, another private investor. Mitch Stokes of Avison Young represented the buyer.

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AcquisitionsOfficeTexas

Partners Real Estate Arranges Sale of 6,866 SF Office Building in San Antonio

by Taylor Williams

SAN ANTONIO — Houston-based brokerage firm Partners Real Estate has arranged the sale of a 6,866-square-foot office building in San Antonio. According to LoopNet Inc., the single-tenant property at 825 Jackson Keller Road was built on 1.4 acres in 1996. Joe Bright of Partners represented the seller, River City Federal Credit Union, in the transaction. Additional terms of sale were not disclosed.

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DevelopmentMidwestMissouriOffice

Copaken Brooks to Renovate, Rebrand Several Office Buildings in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Owner Copaken Brooks has unveiled plans to renovate and reposition several downtown Kansas City office buildings, including Town Pavilion, 1201 Walnut, 1200 Grand and the Harzfeld’s Building. Town Pavilion, the 38-story, 802,000-square-foot building located at 1100 Main St. has been renamed 1111 Main. The Harzfeld’s Building, 1201 Walnut and 1111 Main are now known as the Skyline Collection. A new professionally staffed fitness center with locker rooms is scheduled to open in May at 1111 Main and will be available to all Skyline Collection tenants. RJ Trowbridge, Jeff Kembel, Patrick Meraz and Avery Comeau of JLL will serve as the office leasing team for the buildings, which total more than 1.4 million square feet. Copaken Brooks retains the ground-level retail leasing and the property management duties of the portfolio.

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Leasing ActivityNew JerseyNortheastOffice

Helsinn Opens 25,000 SF Office in Iselin, New Jersey

by Taylor Williams

ISELIN, N.J. — Global pharmaceutical company Helsinn has opened a 25,000-square-foot office at 200 S. Wood Ave. in Iselin, about 30 miles south of Manhattan. The development and management arm of New York City-based SJP Properties, which owns the 200,000-square-foot building, executed a custom build-out of the space as part of Helsinn’s relocation from 170 S. Wood Ave. SJP Properties acquired the building in 2020 and implemented a capital improvement program.

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Leasing ActivityNew YorkNortheastOffice

School Construction Authority Signs 15,330 SF Office Lease in Brooklyn

by Taylor Williams

NEW YORK CITY — The New York City School Construction Authority has signed a 15,330-square-foot office lease at 1070 Flatbush Ave. in Brooklyn. The academic design-build firm has committed to leasing the entire ground floor for 15 years. Geoff Bailey and Scott Rothstein of RIPCO Real Estate represented the undisclosed landlord in the lease negotiations. Bert Baradian of Cornerstone Group represented School Construction Authority.

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AcquisitionsCaliforniaOfficeWestern

AMDA College of the Performing Arts Completes Sale-Leaseback of Hollywood Office Building

by Jeff Shaw

LOS ANGELES — AMDA College of the Performing Arts has executed a sale-leaseback agreement at the close of escrow on its current space at 1777 Vine St. in Hollywood’s downtown core.  The 39,248-square-foot, five-story building sold for $23 million. AMDA signed an 18-year lease at the property.  Avison Young’s Chris Bonbright and Chase Gordon represented AMDA. Craig White of Sotheby’s International Realty represented the buyer, J&L Realty Partners.

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ColoradoLeasing ActivityOfficeWestern

Pivot Energy Leases New Headquarters in Denver

by Jeff Shaw

DENVER — Pivot Energy has signed a 22,628-square-foot office lease for its new headquarters at 1601 Wewatta St. in Denver’s Lower Downtown (LoDo) district. The solar energy company occupies three-quarters of the seventh floor.  Pivot Energy will add an adjacent, 4,000-square-foot space for hybrid and traveling employees. The new headquarters will feature a private patio with a green roof feature, outdoor seating and grills.  Newmark’s Andrew Blaustein and Josh Pons represented the tenant in the transaction. CBRE’s Chris Phenicie and Allison Berry represented the landlord, Morgan Stanley. 

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DevelopmentIllinoisMidwestOffice

Skender Completes 81,000 SF Office Headquarters Build-out for Avant at Chicago’s Merchandise Mart

by Kristin Harlow

CHICAGO — Skender has completed an 81,000-square-foot office headquarters build-out for Avant at the Merchandise Mart in Chicago. The financial technology company’s new office features open workstations, multiple cafes and a mix of collaboration, conferencing andfocus spaces. The new workspace doubles Avant’s presence in Chicago. The firm relocated from 222 N. LaSalle St. The project team included CBRE as tenant representative, Gensler as architect and Syska Hennessy Group as engineer. Skender is currently working with Merchandise Mart owner Vornado Realty Trust on a repositioning initiative for the property. 

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DevelopmentIllinoisMidwestOffice

Krusinski Renovates Comcast Office in Oak Brook, Illinois

by Kristin Harlow

OAK BROOK, ILL. — Krusinski Construction has completed a renovation of Comcast’s office in the Chicago suburb of Oak Brook. The renovated space features new carpeting, quartz countertops, multiple offices, conference rooms and a wellness area. The office also features technology that reduces energy consumption, such as wireless lighting controls and occupancy sensors. Krusinski also implemented new security features.

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Market ReportsMarylandOfficeSoutheastSoutheast Market Reports

Slowdown in Leases, Development Help Baltimore Office Market to Rightsize

by John Nelson

Unprecedented development is underway across the Baltimore metro area with more than $6.6 billion of infrastructure and major development projects in the pipeline, and office-using employment remains strong. More than 574,000 people are employed in a diverse set of employment sectors that require offices, including professional and business services, government, financial services and tech and information.  The past year, unemployment fell in each Maryland submarket, with Baltimore dropping 140 basis points, which is similar to the national unemployment rate that decreased 150 basis points.  In the second half of last year, several public sector agencies relocated into the Central Business District (CBD) from Midtown and Mount Vernon locations, pushing net absorption positive and vacancy negative. This helped state and local government tenants lead all sectors in leasing activity in the fourth quarter of 2022, accounting for 56 percent of all leases signed.  The Maryland Department of Health signed the largest lease of the quarter with its new 463,000-square-foot lease at 300 N. Greene St. Other State of Maryland relocations include Department of Labor, Office of the Comptroller, Department of Budget & Management, Department of Planning and Department of Aging. Combined, these state government tenants leased 761,000 square feet in the …

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