PEARL RIVER, N.Y. — CBRE has negotiated a 42,226-square-foot office lease in Pearl River, located along the New York-New Jersey border. The tenant, health and wellness company Nice-Pak Products Inc., will occupy the entire 21st floor and part of the 20th floor at 1 Blue Hill Plaza. James Tully, Jon Meisel and Brian Godau of CBRE represented the landlord, an entity doing business as Glorious Sun Blue Hill Plaza LLC, in the lease negotiations. Cushman & Wakefield represented the tenant.
NEW YORK CITY — Nayya Health has signed a 29,915-square-foot office lease in Midtown Manhattan. The company will occupy the entire fourth floor and part of the 18th floor at 215 Park Avenue South for the next five years. Tim Freyberg of CBRE represented the tenant in the lease negotiations. Howard Tenenbaum and Gary Rosen represented the landlord, SL Green, on an internal basis. The deal brings the 20-story, 338,636-square-foot building to 92 percent occupancy.
By Mike Homa, R&R Realty Group Five years later and businesses are still adjusting to the new work environment brought on by the COVID pandemic. Omaha’s office space market is seeing a shift in how companies attract employees back into the office. With remote and hybrid work now widely accepted, developers and employers have realized that providing traditional office spaces is no longer enough to entice workers. Instead, they are focusing on creating environments that offer a blend of professional, personal and recreational amenities, transforming office spaces into lifestyle destinations. To make coming to the office more attractive, developers are offering amenities that cater to employees’ holistic needs. In some office parks, facilities such as onsite daycare centers are becoming a reality. These allow working parents the convenience of dropping off their children close to where they work, reducing commute time and providing peace of mind. It’s an amenity that goes beyond the typical office needs, addressing a significant aspect of employees’ personal lives. Green spaces are another amenity we see being increasingly incorporated into the surroundings of new buildings and broader development areas. We see outdoor spaces in office parks like Fountain Ridge Office Park, which offers amphitheater-style seating …
HOUSTON — Technip Energies, a French engineering and technology company that serves the energy and chemicals industries, has signed a 171,600-square-foot office lease in West Houston. According to LoopNet Inc., the 14-story building at 15377 Memorial Drive was originally constructed in 2016 and spans 384,531 square feet. Technip’s space spans six floors and can support the presence of about 1,000 employees. Gensler designed the space, and Harvey Builders handled the build-out. JLL represented the tenant in its site selection, lease negotiations and project management for the spatial build-out.
THE WOODLANDS, TEXAS — Kodiak Gas Services has subleased 26,530 square feet of office space in The Woodlands, about 30 miles north of Houston. Kodiak’s headquarters space now encompasses the entirety of floors 18 through 20 at 9950 Woodlock Forest Drive. Dan Boyles and Brent Bishop of Partners Real Estate represented the subtenant in the negotiations. William Padon and Sydnee Hilburn of CBRE represented the sublandlord, New York Digital Investment Group LLC. The owner of the building was not disclosed.
DALLAS — Marcus & Millichap has brokered the sale of an eight-story, 125,874-square-foot office building in northeast Dallas. Built in on 5.8 acres in 1985 and renovated in 1999, the property at 9101 Lyndon B. Johnson Freeway is known as The Interchange Building and offers amenities such as a tenant lounge and a café. Joseph Jaques and Ron Hebert of Marcus & Millichap represented the undisclosed buyer in the all-cash transaction. The seller and sales price were also not disclosed.
RANCHO BERNARDO AND CARLSBAD, CALIF. — Equity Oak Ventures has received $12.2 million in portfolio financing for a four-building flex industrial, research-and-development (R&D) and office portfolio in San Diego County. Alex Witt, Chris Collins and Daniel Pinkus of JLL Debt Advisory’s team represented Equity Oak Ventures in securing a fixed-rate, three-year loan. The fully leased portfolio includes a 42,865-square-foot, three-building flex industrial and office campus in Rancho Bernardo and a 44,757-square-foot R&D and cGMP (Current Good Manufacturing Practice) facility within Carlsbad Research Center, repositioned post-acquisition with long-term leases. The Rancho Bernardo asset, located at 11225, 11235 and 11245 W. Bernardo Court, consists of three buildings totaling 42,865 square feet, including a single-tenant, 29,000-square-foot flex industrial building. Located at 1900 Aston Ave. in Carlsbad, the property occupies a corner lot and features dock-level doors, multiple roll-up doors, temperature-controlled industrial space and high-quality office improvements. The newest tenant has signed a long-term lease and is making an investment in a large-scale cGMP facility.
KISSIMMEE, FLA. — Cushman & Wakefield has brokered the $21 million sale of a flex office portfolio located in Kissimmee. Comprising two buildings — 3600 and 3700 Commerce Boulevard — the portfolio totals 193,571 square feet. Realife Real Estate Group acquired the properties from the Speer Foundation. Rick Colon, Rick Brugge, Mike Davis and Mark Stratman of Cushman & Wakefield represented the seller in the transaction. Built in 2001, the buildings were 93 percent leased at the time of sale. The properties, which include both office and warehouse space, feature 24- and 28-foot clear heights and a mix of dock-high and grade-level loading.
DALLAS — Granite Properties has topped out 23Springs, a 626,215-square-foot office project in Uptown Dallas. In addition to the 26-story office building, the development includes two separate restaurant buildings totaling roughly 16,000 square feet and a half-acre park. Granite Properties is developing 23Springs in partnership with North Carolina-based REIT Highwoods Properties (NYSE: HIW). Dallas-based GFF served as the project architect, and DPR Construction is the general contractor. Amenities will include a coffee and wine bar, indoor lounge with a golf simulator, fitness center, conference facilities and an outdoor lounge. Full completion is slated for spring 2025. The property is 60 percent preleased to tenant such as Deloitte, Sidley Austin LLP and Bank OZK, which also provided construction financing for 23Springs.
NEW YORK CITY — Mirae Asset Securities has signed a 34,640-square-foot office lease expansion and extension in Midtown Manhattan. The financial institution renewed its existing 17,320-square-foot lease that covers the entire 37th floor at 810 Seventh Avenue for an additional 10 years and took another 17,320 square feet across the entire 38th floor. Neil Goldmacher and John Moran of Newmark represented the tenant in the lease negotiations. Harry Blair, Tara Stacom, Barry Zeller, Justin Royce and Pierce Hance of Cushman & Wakefield represented the landlord, SL Green.