Friday, February 6, 2026
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Leasing ActivityMidwestMissouriOffice

Gilmore Bell Renews 18,000 SF Office Headquarters Lease in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Gilmore & Bell PC, a public finance law firm, has renewed its office headquarters lease for approximately 18,000 square feet within the 2405 Grand Boulevard Building at Crown Center in Kansas City. Michael VanBuskirk, Richard Chamberlain and Raegen Kersey of Newmark Zimmer provided real estate consulting services and represented Gilmore Bell in the lease negotiations. GastingerWalker& is providing architectural and interior design services for the remodel of the entire 11th floor. The 14-story office tower totals 245,000 square feet.

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AcquisitionsIndustrialNew JerseyNortheastOffice

CBRE Brokers $9.2M Sale of Northern New Jersey Office, Industrial Building

by Taylor Williams

FLORHAM PARK, N.J. — CBRE has brokered the $9.2 million sale of a 50,600-square-foot office and industrial building in the Northern New Jersey community of Florham Park. The facility at 5 Vreeland Road was originally built in 1976 and formerly housed the operations of Tropar Trophy until the plaque-making company was sold last year. Tom Mallaney, Elli Klapper and Denise Kokulak of CBRE represented the seller, the Ilaria Family Trust, in the transaction. The team also procured the buyer, Faropoint, which has retained CBRE as the leasing agent.

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AcquisitionsNew JerseyNortheastOffice

Cushman & Wakefield Brokers $5.7M Sale of Northern New Jersey Office Building

by Taylor Williams

MONTVALE, N.J. — Cushman & Wakefield has brokered the $5.7 million sale of a 29,898-square-foot office building in the Northern New Jersey community of Montvale. The single-tenant building at 20 Craig Road was fully leased at the time of sale to JURA Inc., a Swiss company that makes coffee machines. Andrew Schwartz, Jordan Sobel, Andre Balthazard and Dan Bottiglieri of Cushman & Wakefield represented the seller, Mountain Development Corp., in the transaction. Brian Anderson and Eddie Miro, also with Cushman & Wakefield, arranged the acquisition financing on behalf of the buyer, Fortune Touch LLC.

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Leasing ActivityNew YorkNortheastOffice

Tutor Perini Signs 27,990 SF Office Lease in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Tutor Perini Corp. has signed a 27,990-square-foot, six-year office lease in Midtown Manhattan. The general contractor will occupy part of the eighth floor at 520 Eighth Avenue and the entire ninth floor at 266 West 27th Street, two interconnected buildings that share a lobby. Matthew Mandell of GFP Real Estate represented the landlord in the lease negotiations on an internal basis.

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Remount I & II
AcquisitionsIndustrialOfficeSouth CarolinaSoutheast

CBRE Arranges $48M Sale of Remount Office and Industrial Park in North Charleston, South Carolina

by Abby Cox

NORTH CHARLESTON, S.C. — CBRE has arranged the sale of Remount I & II, a 305,114-square-foot office and industrial park located in North Charleston. Accordia Real Estate purchased the master-planned property for $48 million. Patrick Gildea, Matt Smith, Robert Hardaway, Charlie Carmody, Chip Shealy and Will Yowell of CBRE, along with Jay O’Meara, Justin Parsonnet and Ryan Reethof of Newmark, represented the sellers, Accesso Partners and Partners Group. Matthew Pizzolato and Josh Stein, also with CBRE, arranged an undisclosed amount of acquisition financing through CIBC and a joint venture equity partnership with an unnamed institutional partner. Situated on roughly 26 acres near Charleston International Airport, Remount I & II is a two-building, dual flex property that fronts the Cooper River. The industrial park is currently 90 percent leased to seven tenants and features steel-frame and concrete tilt-up wall construction, 18-foot clear heights, six dock slips, 13 drive-in doors and 240-foot truck courts. The layout also includes flexible floor plates designed to support a range of tenant sizes and operational needs. 

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Park at Bay Plaza
AcquisitionsFloridaOfficeSoutheast

IPA Brokers $17.6M Sale of Park at Bay Plaza Office Complex in East Tampa

by Abby Cox

TAMPA, FLA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $17.6 million sale of Park at Bay Plaza, a 186,239-square-foot office campus located in east Tampa. Constructed between 1974 and 1985, Park at Bay Plaza sits on 13 acres. The office complex, which includes 65 office suites across the seven-building campus, was 85 percent leased at the time of sale to medical, corporate and logistics tenants. Offices at the property range in size from 379 square feet to 9,348 square feet. Douglas Mandel of IPA, along with Zach Levine and James Defusto of Marcus & Millichap, represented the seller, Tavaco Properties, and procured the buyer, Albany Road Real Estate Partners, in the transaction.

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Market ReportsOfficeWashingtonWesternWestern Market Reports

Growing Pains, Opportunities Ahead for Seattle’s Office Market

by John Nelson

— By Dan Dahl of Kidder Matthews — Seattle’s office market has proven more resilient than other cities in past downturns, with smaller declines and quicker recoveries. This cycle is different. Seattle has been hit harder and is recovering more slowly than the rest of the country. San Francisco often signals what’s to come, with the Emerald City trailing by about 12 months. AI-driven leasing activity in San Francisco is gaining momentum — signaling growth for Seattle — but the local market still faces headwinds.  Demand Softens as Tenants Downsize Demand for office space in Seattle remains weak. Most tenants with upcoming lease expirations are downsizing. Tech companies have historically driven office demand here, but now they are shedding space, laying off employees and working from home. Tenants have the leverage. Concessions like free rent, reduced rates and built-out spaces are abundant, providing the opportunity for tenants to pursue a flight to quality and upgrade to higher-end space. Investment Market Under Pressure The investment side is equally challenged. Owners with near-term loan expirations are often in a pinch. Their loan balances exceed current building values due to high vacancies, lower rental rates, elevated cap rates and higher interest rates. As a …

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Leasing ActivityNew YorkNortheastOffice

Civic Entertainment Group Signs 12,180 SF Office Lease in Manhattan

by Taylor Williams

NEW YORK CITY — Civic Entertainment Group has signed a 12,180-square-foot office lease at 740 Broadway in Manhattan’s NoHo neighborhood. The marketing agency’s footprint in the submarket now totals 27,180 square feet, including its 15,180 square feet of existing space across the entire second floor at 440 Lafayette Street, an interconnected building. That lease was also extended by seven years. GFP Real Estate owns both buildings.

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IllinoisLeasing ActivityMidwestOffice

Tishman Speyer Secures Two Full-Floor Leases at 900,000 SF Office Tower in Chicago

by Kristin Harlow

CHICAGO — Tishman Speyer has secured lease agreements with Rewards Network and CVS Health to occupy a total of 81,931 square feet at 525 West Monroe, its recently renovated, 900,000-square-foot office tower in Chicago’s West Loop neighborhood. Rewards Network, a restaurant rewards and loyalty program, will relocate its headquarters to the tower’s 40,956-square-foot sixth floor in September 2026. The fintech company will expand its footprint when it moves from 540 West Madison Street, where it occupies 25,000 square feet. CVS Health will bring together its Chicago-area workforce at 525 West Monroe in early 2026. The healthcare company’s new office will span the fifth floor for a total of 40,975 square feet. Tishman Speyer’s redevelopment of 525 West Monroe included a new outdoor plaza, entrances and lobby designed by Michaelis Boyd Associates and MDEAS. The Foyer, an all-day café concept that Tishman Speyer created in partnership with Infuse Hospitality, encompasses a bar and table service as well as outdoor patio seating. Tenants also have access to ZO Clubhouse, an amenity center and lounge on the 23rd floor. Tishman Speyer originally developed 525 West Monroe, which is located one block from Chicago Union Station. Ellen May and Stephen Golz represented Tishman Speyer …

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345-N-Maple-Dr-Los-Angeles-CA.jpg
AcquisitionsCaliforniaOfficeWestern

Kilroy Realty Buys Maple Plaza Office Campus in Beverly Hills from Tishman Speyer for $205.3M

by Amy Works

LOS ANGELES — Kilroy Realty Corp. has acquired Maple Plaza, an office campus in the Beverly Hills submarket of Los Angeles, from Tishman Speyer for $205.3 million, or $707 per square foot. The transaction was funded with cash on hand and recent disposition proceeds. Stephen Somer and Brooke Silver of CBRE brokered the transaction. Renovated in 2017, Maple Plaza features 293,000 square feet of Class A office space at 345 N. Maple Drive. At the time of sale, the property was 75 percent leased to a mix of tenants across private equity, professional services, education and entertainment. For Tishman Speyer, this transaction completes a trio of dispositions in Beverly Hills. The firm originally acquired Maple Plaza in 2005 for $101 million and subsequently secured leases with a variety of of entertainment, financial services, lifestyle customers and retailers, including Goop Kitchen and Cafe Ruisseau. Last August, Tishman Speyer sold 407 North Maple Drive to Fashion Nova for $119.7 million, and in December, the firm sold 9242 Beverly to Envision and Faring for $90 million.

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