Office

CHICAGO — Google has shared new design renderings for the Thompson Center’s atrium in Chicago. The company announced plans to buy the James R. Thompson Center building in 2022. Google has also teamed up with After School Matters to commission a student-designed art piece for the retail concourse. Artist Sanford Biggers has been selected to create a sculpture for the plaza that will honor the Loop’s history of public art. Conceptualized with Architecture Plus Information (A+I), Google is expanding the central opening beneath the 17-story atrium, constructing a cascading staircase integrated with terraced seating and retail offerings. The activated atrium and plaza will feature food, retail and space for seasonal events. The project is slated for completion in 2028. Google opened its Chicago office in 2000 and has grown its employee base in the city to more than 2,000 employees. Google also announced that it will provide $1 million in funding to A Better Chicago to support student attendance.

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HOUSTON — Superior Energy Services has signed a 56,256-square-foot office headquarters lease in West Houston. The oilfield services company is relocating from 1001 Louisiana in downtown Houston to the 13-story, 225,024-square-foot building at 8020 Katy Freeway. David Guion and Lucian Bukowski of Stream Realty Partners represented Superior in the lease negotiations. Eric Anderson and John Heard of Transwestern represented the landlord. A timeline for occupancy was also not announced.

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NEW YORK CITY — Fenwick & West has signed an 18,200-square-foot office lease expansion in Manhattan’s Flatiron District. The expanded space covers the entire 13th floor at 902 Broadway, and the law firm now occupies 72,800 square feet across four floors at the building, which was originally constructed in 1911. David Kleinhandler and Ken Rapp of CBRE represented Fenwick & West in the lease negotiations. The landlord, Koeppel Rosen, was self-represented.

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VALENCIA, CALIF. — Strauss Investments has acquired Commons at Valencia, a two-building office campus in Valencia, from Harbor Associates for $32 million, or approximately $204 per square foot. Sean Sullivan of CBRE led the brokerage team, and Andy Bratt of Gantry arranged financing for the acquisition. Situated on 9 acres at 25124 and 25152 Springfield Court, Commons at Valencia features 157,000 square feet of Class A office space. Wells Fargo, New York Life Insurance Co., Edward Jones, Lennar, Amines, HASA and FivePoint are tenants at the campus, which was built in 2005.

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CHICAGO — Coworking concept Switchyards has inked two leases for additional locations in Chicago. JLL brokered both deals. Sarah Silva and Nicole Becker of JLL represented Switchyards and landlord Range Group in two simultaneous transactions — 2440 N. Lincoln Ave. in Lincoln Park and 1046 W. Kinzie St. in Fulton Market. Both clubs are scheduled to open Monday, Oct. 26.

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CARROLLTON, TEXAS — Locally based brokerage firm Summit RE has negotiated the sale of a 209,476-square-foot office building in the northern Dallas metro of Carrollton. According to LoopNet Inc., the building at 4101 International Parkway was constructed on 14.8 acres in 1998. Parker Tims and Luke Ledbetter of Summit brokered the deal. The buyer and seller were both Texas-based entities that requested anonymity.

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BEDFORD, MASS. — Affinity Group Food Service NE has signed a 13,000-square-foot office lease in Bedford, a northwestern suburb of Boston. The food-and-beverage sales and marketing company will relocate its headquarters this fall from Lawrence to Bedford Woods, a two-building, 330,000-square-foot complex that was developed in 2001. Cummings Properties owns Bedford Woods.

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ARLINGTON, VA. — Piedmont Realty Trust Inc. has purchased a 188,014-square-foot office building located at 4075 Wilson Blvd. in Arlington’s Ballston submarket. A partnership between Rithm Capital Corp., GreenBarn Investment Group and FarmViewVentures sold the property for $56.3 million. Jud Ryan, James Cassidy and Grant Marley of Newmark represented the sellers in the transaction. Rithm, GreenBarn and FarmView purchased the office property in September 2024 and invested approximately $6 million in capital improvements, which helped generate more than 90,000 square feet of new leasing activity. Office tenants at 4075 Wilson include Nalej Corp., KnowBe4, Systems Planning & Analysis and OpenText Public Sector. The ground-level retail space is fully leased to Sweetgreen, Grazie Nonna, Van Leeuwen Ice Cream and Pinnacle Bank.

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5th-&-Walsh_Austin

AUSTIN, TEXAS — Endeavor Real Estate Group has broken ground on 5th & Walsh, a 198,000-square-foot office and retail project near downtown Austin. Designed by Studio8 Architects and Lake Flato Architects, the building will consist of four floors of office space, 25,000 square feet of which Endeavor plans to occupy for its new headquarters, and 21,000 square feet of retail and restaurant space on the ground floor. Shell construction is expected to be complete in late 2028. Robert Wooten and Colby Mueck of JLL arranged a $31.5 million preferred equity investment for the project through Atlanta-based REIT Cousins Properties on behalf of Endeavor.

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ST. PAUL, MINN. — The Minnesota Department of Natural Resources (DNR) has selected River Park Plaza in St. Paul for its new headquarters. The organization has signed a lease for 109,228 square feet across three floors plus space in the basement for a total of 124,520 rentable square feet. DNR will be relocating its headquarters from 500 Lafayette Road in St. Paul, where it has been based since 1985. The transaction represents one of the largest office leases completed in the Twin Cities in recent years. SARA Investment Real Estate owns River Park Plaza, which totals 330,000 square feet. Suntide Commercial Realty handles management and leasing for the property. Jeff Hart, Kevin Peck and Jim Kenney of Suntide represented the landlord in the lease with DNR, which expects to take occupancy in June 2027. At that point, the building will be 94 percent occupied.

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