TOLEDO, OHIO — Reichle Klein Group has arranged the sale of a 26,112-square-foot office building in Toledo for $1.5 million. The property sits on slightly less than a quarter acre at 6629 W. Central Ave., near I-475. Ryan Miller of Reichle Klein represented the buyer, 6629 W. Central Ave. LLC. The seller was undisclosed.
DALLAS — Hillwood Urban, a division of Fort Worth-based industrial giant Hillwood, plans to develop Field Street Tower, a 38-story office building that will be located at 1201 Field St. at the crossroads of Uptown and downtown Dallas. A total price tag for the project was not disclosed. The site of Field Street Tower is adjacent to Klyde Warren Park and across from the Perot Museum of Nature and Science. The 520,000-square-foot property will rise 600 feet, making it the tallest office building developed in downtown Dallas in the last three decades, according to the development team. Field Street Tower will feature amenities such as a tenant lounge, coffee bar, conference facilities, a 9,000-square-foot fitness center and a half-acre of outdoor green space with views of Klyde Warren Park. The building will also house retail and restaurant space with outdoor seating. In addition, the HVAC system will be equipped with an ultraviolet air purification system to protect tenants from airborne contagions. Pickard-Chilton is designing the project, while BOKA Powell is the architect of record. The Office of James Burnett is handling landscape design. Construction is set to begin in June. The development team believes the building could be available for …
CHICAGO — KBS has begun a $22 million renovation project at Accenture Tower, a 40-story office building in downtown Chicago. Planned upgrades include a new lobby, conference center, tenant lounge and an outdoor deck with a fire pit and bar area. Chicago-based GREC Architects designed the renovation plans. In addition to the building upgrades, KBS is adding 90,000 square feet of spec suites, which involves building out tenant suites without a committed tenant. Originally built in 1987, Accenture Tower spans nearly 1.5 million square feet. It features a 14,000-square-foot fitness center and more than 20 dining options. Its first two levels feature 80,000 square feet of retail space. Commercial real estate owner KBS is working with Leonardo Cos. on the planned upgrades. Wendy Katz and Matt Lerner of Stream Realty are the leasing agents for the property.
MILWAUKEE — CBRE has arranged the sale of River Bank Plaza, an 81,865-square-foot office building in downtown Milwaukee. The sales price was undisclosed. The multi-tenant property is located at 740 N. Plankinton Ave. along the Milwaukee River. Originally constructed in 1912, the eight-story building features 61 parking spaces in an adjacent surface lot. The building’s ground floor is home to restaurant tenant Rock Bottom Brewery. Patrick Gallagher and Matson Holbrook of CBRE represented the seller, Riverbank Plaza LLC. The buyer, 740 Plankinton LLC, plans to redevelop the upper floors into multifamily units.
BELLEVUE, WASH. — Skanska has announced a $476 million investment in The Eight, a previously announced, 25-story office tower at the intersection of Northeast 8th Street and 108th Avenue Northeast in Bellevue. The project is Skanska’s sixth development in the Greater Seattle area and its second project in Bellevue since starting operations in the region in 2011. Construction is slated to begin in June, with completion scheduled for fourth-quarter 2023. The investment includes a construction contract worth approximately $270 million. The 540,000-square-foot development will include a 3,190-square-foot private rooftop deck, seven alternating indoor/outdoor exterior balconies, 12,000 square feet of ground-floor retail space and four levels of below-grade parking with valet services and electric-car charging stations.
PORTLAND, ORE. — ScanlanKemperBard and WHI Real Estate Partners have completed the sale of 5550 Macadam, an office building located in Portland. The name of the buyer and acquisition price were not released. Renovated in 2019, the three-story, 43,151-square-foot building features updated common areas, locker rooms and restrooms; a modern, light-filled lobby; and lush landscaping. The property offers 14,000-square-foot floor plates and was 89 percent leased at the time of sale. Buzz Ellis, Logan Greer and Adam Taylor of JLL Capital Markets represented the seller in the transaction.
NAPLES, FLA. — Forefront Collier Venture LLC has purchased an approximately 75,875-square-foot office, warehouse and flex property located at 1030, 1035 and 1040 Collier Center Way in Naples. The sellers were Star Investments Inc., Collier Center Way Development Inc. and Business Lane Development Inc. David Stevens of Investment Properties Corp. and Clay Winfield of WBDC Inc. represented the sellers in the transaction. Brock Rasmussen of Lee & Associates represented the buyer.
BOSTON — A joint venture between owner-operator MC Real Estate Partners LLC (MCRE) and an affiliate of New York City-based Taconic Capital Partners LP has acquired 11 Avenue de Lafayette, a 57,000-square-foot office building in downtown Boston. Scott Dragos and Tim Mulhall of CBRE represented the seller, nonprofit educational travel organization Elderhostel, in the transaction. As part of the deal, Elderhostel will now occupy a full floor of the five-story building via a sale-leaseback. The remaining 40,000 square feet of space is available for lease.
NEW YORK CITY — Tishman Speyer has opened two new spaces for Studio, the locally based landlord’s coworking concept, at 11 W. 42nd St. and 175 Varick St. in Manhattan. The first location spans approximately 40,000 square feet, and the second one comprises three floors with the potential to grow to 80,000 square feet. The spaces feature private offices of various sizes, and members have access to an on-demand and onsite suite of amenities created by Tishman Speyer. Those amenities include in-person and virtual wellness and fitness programs, backup childcare, food delivery and onsite medical services.
DALLAS — Locally based owner United Development Co. has completed renovations of Park Forest, an office building located at 3530 Forest Lane in Dallas. The project began in 2018 with the relocation of office tenants from two one-story buildings to a three-story, 66,299-square-foot building. The project also included upgrades to the new building’s common areas, amenity spaces and exteriors. The two one-story buildings were demolished, and a Lone Star Self Storage facility will open in their place in June.
