IRVING, TEXAS — Multiview, a national business-to-business (b2b) marketing firm, has signed an 82,093-square-foot office lease renewal at One Panorama Center in Irving’s Las Colinas district. The building spans 208,448 square feet, rises eight stories and offers amenities such as a newly renovated lobby, new fitness center and an outdoor lounge. Robert Blount and Scott Hage of JLL represented the tenant in the lease negotiations. Nathan Durham of Transwestern represented the landlord, Los Angeles-based Regent Properties.
PHILADELPHIA — Keystone Property Group has landed a new life sciences tenant at The Curtis, the metro Philadelphia-based developer’s 912,245-square-foot facility in Philadelphia that is a redevelopment of a former printing press. Aro Biotherapeutics Co., a developer of genetic medicines, has committed to an undisclosed amount of space at the 12-story building. Bob Zwengler, Anthony Pell, Matt Knowles and Paul Touhey of CBRE represented the tenant in the lease negotiations. Tim Conrey, Lisa Berger Baskin and K.J. Kulik of Scheer Partners represented Keystone.
AURORA, ILL. — Peak Construction Corp. is underway on a build-to-suit office remodel for Phoenix in Aurora, about 40 miles west of Chicago. Phoenix is a packaging company dating back to 1890. Peak demolished approximately 65 percent of the office building at 975 Meridian Lakes Drive. The 41,375-square-foot project will incorporate modern and high-end finishes. Completion is slated for the third quarter. Jeff Blake of Paine/Wetzel represented Phoenix in the acquisition of the property. Indianapolis-based CSO Architects is the project architect.
GREENWOOD VILLAGE, COLO. — Private equity real estate firm KBS has sold Peakview Tower in Greenwood Village, about 12 miles southeast of Denver, for $66 million. The nine-story, 264,149-square-foot office tower is situated in Fiddler’s Green Circle, a suburban micro market that historically has had low office vacancy rates. JLL’s Mark Katz and Peter Merrion represented KBS in the sale. The buyer was a joint partnership led by Vanderbilt Office Properties. Peakview Tower, which KBS acquired in August 2012, features 27,600-square-foot floor plates, 9-foot ceilings, covered and attached parking, and a two-story lobby atrium. KBS recently completed additions to the asset built in 2001, including a fitness center and tenant lounge with barista-staffed coffee service. “In addition to top-tier onsite amenities, Peakview Tower offers access to amenities typically only found in urban locations, such as a food hall, Starbucks, grocery store, movie theater, over 200 hotels rooms, Denver’s light rail system, and a variety of shopping, dining and entertainment options — all within a five-minute walk from the building,” says Tim Helgeson, asset manager for Peakview Tower. “This optimal location gives the property a distinct advantage in the market and made it especially attractive to buyers.”
PITTSBURGH — ibex, a Washington, D.C.-based provider of global technology solutions, has signed a 32,528-square-foot lease at Penn Center East, an office and retail campus in Pittsburgh. The campus features a tenant lounge, fitness facility and conference center. Dan Adamski and Nick Francic of JLL represented ibex, which plans to hire about 400 people to its regional workforce, in the lease negotiations. The name and representative of the landlord were not disclosed.
Last year posed many challenges for Charlotte’s office market, as companies continued to delay making decisions about their office space needs. In the fourth quarter, leasing velocity had slowed, with limited deal activity driven largely by lease expirations. But the city still scored several corporate relocations and expansions, faring well compared to other major cities throughout the country. Fast-forward to June 2021, and the light at the end of the tunnel is getting brighter as more occupants set re-entry plans for this fall. This is a transformative year for Charlotte. Commercial Café ranked the Queen City as No. 5 in the United States for the most anticipated office deliveries in 2021 with more than 4.1 million square feet delivering in the metro area this year. Uptown added to its skyline with the addition of 366,000 square feet at Legacy Union Two, the completion of the 742,000-square-foot Ally Charlotte Center, Honeywell’s 330,000-square-foot corporate headquarters delivering later this fall and the 156,415-square-foot FNB Tower delivering this summer. At the end of the first quarter, new construction in Uptown was more than 82 percent preleased. And as more tenants seek out highly amenitized and efficient space, new construction is expected to be the …
HONOLULU — BlackSand Capital has acquired Waikiki Galleria Tower, a 15-story office property on Kalakaua Avenue in Honolulu, for $270 million. The seller, an 2222 SPE LLC, an affiliate of Sanno USA, originally bought the asset from Honolulu-based The Mills Group in December 2011 for $187.1 million. BlackSand Capital plans to redevelop the two-story, 75,000-square-foot retail property that was most recently occupied by DFS Group’s T Galleria. DFS declined to extend its lease on the space, which it had occupied since 1999.
HOUSTON — International law firm McGuireWoods has signed a 30,000-square-foot office lease at Texas Tower, a 47-story tower under construction in downtown Houston by Hines and Ivanhoe Cambridge. Under the terms of the 11-year lease, the tenant will take occupancy of the 24th floor beginning in June 2022. Bob Parsley, Darren Gowell and Taylor Wright with Colliers International represented the tenant in the lease negotiations. Michael Anderson with Cushman & Wakefield represented the landlord. Construction of Texas Tower, which is now 42 percent preleased, is expected to be complete in the fourth quarter.
MADISON, N.J. — A joint venture between New Jersey-based Bergman Real Estate Group and Eightfold Capital has acquired 7 Giralda Farms, a 236,800-square-foot office building in Madison, about 25 miles west of New York City. The seller was Mack-Cali Realty Corp. Built in 2000, the property is part of the Giralda Farms Corporate Campus, which consists of seven buildings totaling 1.1 million square feet on a 310-acre site. Tenants at the campus include Prudential, Leo Pharma Inc., Merck, Pfizer and Atlantic Health Systems. Michael Klein, Greg Nalbandian and Gerald Quinn of JLL arranged acquisition financing through Shem Creek Capital on behalf of the new ownership, which plans to implement a capital improvement program.
ATLANTA — JLL’s Capital Markets group has arranged a $421.8 million refinancing for Piedmont Center in Atlanta. The 2.2 million square foot, 14-building, Class A office complex is located on Piedmont Road NE in Atlanta’s Buckhead submarket. Proceeds from the loan were used to purchase four additional office buildings within the complex and to refinance the debt of Ardent’s existing holdings within Piedmont Center. The tenant roster includes technology, healthcare and professional services companies. The area is served by a MARTA Station that provides transportation throughout the city of Atlanta, as well as several thoroughfares such as Georgia 400 and Peachtree, Roswell and Lenox roads. The office space is located four miles north of Midtown, which offers amenities from museums to shopping to recreation. JLL’s Capital Markets team represented the borrower, The Ardent Cos., in the transaction to secure the floating-rate loan from a bank lender. Matt Casey and Ed Coco led the JLL Capital Markets team, while JLL’s brokerage team of David Horne and Jeff Taylor won the assignment to lease buildings five through eight. “Through its consolidation of ownership within Piedmont Center, Ardent has created a huge opportunity to reinvent the office campus into a more dynamic workplace …