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Boca Raton Innovation Campus (BRiC)
FloridaLeasing ActivityOfficeSoutheast

CP Group, DRA Advisors Execute 266,000 SF of Office Leasing Activity at Boca Raton Innovation Campus

by Abby Cox

BOCA RATON, FLA. — CP Group and DRA Advisors have executed more than 266,000 square feet of leasing activity at Boca Raton Innovation Campus (BRiC), a 1.7 million-square-foot office campus located in Boca Raton. The deals feature three new tenants and three lease renewals. The new leases include healthcare staffing firm Allstar Recruiting Locums LLC (42,697 square feet), home warranty provider Cinch Home Services (32,888 square feet) and tech company EchoTwin AI’s first office location (2,704 square feet). Meanwhile, healthcare technology company Modernizing Medicine renewed its 127,821-square-foot lease at the property, Everglades University renewed its 52,582-square-foot lease and financial services company Newtek renewed its 7,810-square-foot lease. Jeff Kelly of CBRE represented CP Group in all lease transactions at BRiC. Ryan Nunes and Alan Kleber of Cushman & Wakefield represented Allstar Recruiting Locums LLC, Cinch Home Services and Modernizing Medicine. Zach Wendelin of JLL and Adam Bernstein, who has since joined Stream Realty, represented Everglades University in the lease negotiations. Additionally, a $100 million renovation at BRiC has included the redevelopment of the former IBM R&D facility, which has been transformed to feature an onsite wellness center run by Boca Raton Regional Hospital, the addition of two coffee shops and a grab-and-go …

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AcquisitionsOfficeTexas

Colliers Brokers Sale of 182,506 SF Office Building in West Houston

by Taylor Williams

HOUSTON — Colliers has brokered the sale of a 182,506-square-foot office building located at 11200 Westheimer Road in the Westchase area of West Houston. According to LoopNet Inc., the 10-story building was originally constructed in 1982. James Kadlick, Chris Hutcheson and Harrison Kane of Colliers represented the buyer, an entity doing business as Texas Jewelry District LP, in the transaction. The seller and sales price were not disclosed.

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AcquisitionsNew JerseyNortheastOffice

Marcus & Millichap Brokers $5M Sale of Office Building in Westfield, New Jersey

by Taylor Williams

WESTFIELD, N.J. — Marcus & Millichap has brokered the $5 million sale of a 10,369-square-foot office building in the Northern New Jersey community of Westfield. The two-story building at 1 Elm St. was originally constructed in 1922 and renovated in 2018 and was fully leased at the time of sale. Alan Cafiero and David Cafiero of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer was also not disclosed.

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AcquisitionsCaliforniaOfficeWestern

Barings Sells Two-Building Office, R&D Campus in San Jose, California

by Amy Works

SAN JOSE, CALIF. — Barings has completed the sale of The Orchards, a Class A office and research and development campus at 3000 and 3030 Orchard Parkway in San Jose. Rosendin Electric acquired the asset for an undisclosed price in an off-market transaction. Joe Kelly, Jon Mackey, Steve Golubchik and Edmund Najera of Newmark represented the seller, while Mike Rosendin of Colliers represented the buyer in the deal. The two-story building at 3000 Orchard Parkway features high clear-height spaces and prominent signage, while the three-story building at 3030 Orchard Parkway is equipped for high-density operations with fitness centers, training rooms and collaborative workspaces.

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AcquisitionsOfficeSoutheastTennessee

Cushman & Wakefield Commercial Brokers Sale of 90,723 SF Office Portfolio in Kingsport, Tennessee

by John Nelson

KINGSPORT, TENN. — Cushman & Wakefield Commercial Advisors has brokered the sale of a three-property office portfolio in Kingsport, a city near the Tennessee-Virginia border. The properties — 4, 7 and 8 Sheridan Square — span 90,723 square feet combined and serve the Bristol-Johnson City-Kingsport region. Landon Williams and Katie Hargett of Cushman & Wakefield Commercial Advisors, along with Miguel Alcivar of Cushman & Wakefield, represented the seller, Raptor Realty Investments 7 LLC, in the transaction. Gary Heeseman of Franklin Street represented the buyer, a locally based investment group doing business as AG Commercial GP.

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Stamford-Towers
AcquisitionsConnecticutNortheastOffice

CBRE Brokers Sale of 326,468 SF Office Complex in Stamford, Connecticut

by Taylor Williams

STAMFORD, CONN. — CBRE has brokered the sale of Stamford Towers, a 326,468-square-foot office complex in southern coastal Connecticut. Stamford Towers is a two-building, transit-served development that is home to tenants such as Citigroup, Gerald Metals, H/2 Capital, Oaktree and Legal & General. Jeff Dunne, Steve Bardsley, Travis Langer and David Block of CBRE represented the seller, CBRE Investment Management, in the transaction. The quartet also procured the buyer, a joint venture between Lamar Cos. and Real Capital Solutions.

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35-S.-Jefferson-Road-Whippany-New-Jersey
DevelopmentIndustrialNew JerseyNortheastOffice

Marcus Partners Breaks Ground on Office-to-Industrial Conversion Project in Whippany, New Jersey

by Taylor Williams

WHIPPANY, N.J. — Boston-based development and investment firm Marcus Partners has broken ground on an office-to-industrial conversion project in Whippany, located in Northern New Jersey. The project will convert a 40,000-square-foot vacant office building that sits on a 6.6-acre site at 35 S. Jefferson Road into a 72,000-square-foot logistics facility with a clear height of 36 feet. Truist Bank is financing the project, which is expected to be complete in the third quarter of 2026. JLL arranged the construction debt.

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Leasing ActivityNew YorkNortheastOffice

Courier Health Signs 15,038 SF Office Lease in Manhattan’s NoMad District

by Taylor Williams

NEW YORK CITY — Courier Health Inc. has signed a 15,038-square-foot office lease in Manhattan’s NoMad district. The locally based healthcare technology company will occupy the entire third floor of 135 Madison Avenue, a 175,200-square-foot building that was originally constructed in 1911. Max Koeppel of Koeppel Rosen represented the landlord in the lease negotiations on an internal basis. Jacob Wolkenfeld of Norman Bobrow & Co. represented Courier Health.

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1265-Laurel-Tree-Lane-Carlsbad-CA
AcquisitionsCaliforniaHealthcareOfficeWestern

Pacific Development Partners Divests of 85,000 SF Office Building in Carlsbad, California to Sharp HealthCare

by Amy Works

CARLSBAD, CALIF. — Pacific Development Partners has completed the sale of an 85,000-square-foot office building, located at 1265 Laurel Tree Lane in Carlsbad, to Sharp HealthCare for $31 million. Lars Eisenhauer and Dan Henry of CBRE, along with Greg Lewis and Steven Field of JLL, represented the seller, while Mike Labelle of Cushman & Wakefield represented the buyer in the transaction. Initially developed for the 24 Hour Fitness corporate headquarters, the three-story property features a ground-floor fitness facility and two floors of corporate office space. Sharp HealthCare plans to convert the top floor into a Sharp Rees-Stealy outpatient clinic with immediate occupancy and grow into the balance of the building over time. 24 Hour Fitness will continue to operate out of the first and second floors until the phased conversion is complete.

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Leasing ActivityMidwestMinnesotaOffice

Zimmerman Reed Renews 15,179 SF Office Lease in Downtown Minneapolis

by Kristin Harlow

MINNEAPOLIS — Zimmerman Reed has signed a long-term renewal of its 15,179-square-foot lease at IDS Center, a Class A office building in downtown Minneapolis. Kevin Salmen and Danny Callahan of Transwestern Real Estate Services represented the law firm, which has been headquartered at IDS Center since 2011. The firm plans a full-scale renovation of its space. Jon Dahl of JLL represented the landlord, Accesso.

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