NEW YORK CITY — Orrick, Herrington & Sutcliffe has signed a 15-year, 144,312-square-foot office lease renewal in Midtown Manhattan. The law firm will continue to occupy six floors at 51W52, a 38-story, 900,000-square-foot building. Howard Fiddle, Scott Gottlieb, Andrew Sussman, Evan Haskell, Evan Fiddle and Caroline Merck of CBRE represented the landlord, Harbor Group International, in the lease negotiations. Mary Ann Tighe, Craig Reicher, Ramneek Rikhy and Elliot Bok, also with CBRE, represented the tenant.
PHILADELPHIA — Coldwell Banker Commercial Realty has brokered the $14 million sale of a 136,000-square-foot office building located at 399 Market St. in Philadelphia’s Old City neighborhood. According to LoopNet Inc., the building rises five stories and was originally constructed in 1977. Peter Rothberg and Jonathan Dubrow of Coldwell Banker represented the seller, Colonial Penn Life Insurance, in the transaction. OCF Realty purchased the property in an off-market transaction. Coldwell Banker is also the building’s leasing agent.
MONTROSE, COLO. — The Boulder Group has arranged the purchase of a single-tenant medical office building located at 2011 Market St. in Montrose, a city of approximately 20,000 residents in the southwest quadrant of the state. A Colorado-based investor acquired the asset from a Midwest-based real estate investment and development company for $2.5 million. Heartland Dental occupies the newly constructed property on a new 10-year net lease. The lease includes 10 percent rental increases every five years and is corporately guaranteed. Heartland Dental has more than 1,700 locations across 38 states nationwide. The company is primarily owned by KKR. Zach Wright and Brandon Wright of The Boulder Group represented the buyer in the transaction.
HOUSTON — Locally based brokerage firm Oxford Partners has negotiated an 8,183-square-foot office lease in Houston’s Westchase District. According to LoopNet Inc., the property at 10333 Richmond Ave., which is known as The Frost Bank Building, was built in 1983 and totals 218,689 square feet. Ryan Hartsell of Oxford Partners represented the tenant, immigration law firm Reddy Neumann Brown PC, in the lease negotiations. Terri Torregrossa of Avison Young represented the landlord, Florida-based Accesso Partners.
CHICAGO — Expansive, a flexible workspace solutions provider, has opened its newest location at 3838 N. Ravenswood Ave. in Chicago. Co-developed by Landrosh Development and Macon Construction, the apartment and office property is named The Opus Chicago. The building is situated between the Lincoln Square and Roscoe Village neighborhoods and is 1.5 miles from Wrigley Field. The first two floors of the property are dedicated to modern, flexible workspaces. Expansive operates nearly 4 million square feet of workspace for owned properties and landlord partners with over 40 locations across 32 U.S. cities.
DALLAS — Hari Mari has opened a 4,500-square-foot office in the Deep Ellum district of Dallas. The apparel and footwear retailer is relocating from 208 Haskell St. to 2616 Main St. Rhett Miller and Ryan Evanich of Stream Realty Partners represented the landlord, Charlotte-based Asana Partners, in the lease negotiations. Austin Studebaker and Chelby Sanders of Cresa represented Hari Mari.
CORAL GABLES, FLA. — Locally based CMC Group has obtained a $69.9 million loan for the refinancing for 4000 Ponce, a mixed-use development located in Coral Gables, a western suburb of Miami. City National Bank of Florida provided the loan to CMC, whose affiliate Ugo Colombo developed the nine-story project in 2002. Paul Stasaitis, Paul Adams and Nicole Barba of JLL arranged the five-year, floating-rate loan on behalf of CMC Group. Situated at the intersection of Ponce de Leon Boulevard and Bird Road, 4000 Ponce features The Collection, a luxury car dealership whose brands include Ferrari, Aston Martin, Porsche, Maserati, Alfa Romeo, McLaren and Audi. The property also includes 150,000 square feet of office space and 32,000 square feet of retail space. 4000 Ponce was 90 percent leased at the time of sale to tenants including Steinway & Sons, Coldwell Banker, Hemisphere Media Group, Korn Ferry, Evensky & Katz, Pure Barre and Jetset Pilates.
TAMPA, FLA. — CBRE has brokered the sale of NetPark Tampa Bay, a 947,176-square-foot, two-story office complex located on a 98.7-acre site at 5701 E. Hillsborough Ave. in Tampa. The property is the largest office asset in the Tampa Bay market and the sale marks the largest office property sold in the Southeast since 2022, according to CBRE. The office building formerly operated as East Lake Square Mall, a regional mall that opened in 1976 and closed in 1998. Dale Peterson, Joe Chick and Courtney Snell of CBRE represented the seller, Bluett Capital Realty Inc. and its tenants-in-common (TIC) ownership group, in the transaction. New Jersey-based Saxum Real Estate Partners purchased NetPark Tampa Bay, marking its first acquisition in Tampa. The sales price was not disclosed, but the Tampa Bay Times reports the property traded for $45 million.
FORT WORTH, TEXAS — Holt Lunsford Commercial has negotiated a 19,780-square-foot office lease renewal at One Ridgmar Centre in Fort Worth. The 10-story, 177,199-square-foot building will soon undergo a capital improvement program that will upgrade the tenant lounge, lobby, conference rooms and common corridors. Jake Neal, Matt Carthey and Vic Meyer of Holt Lunsford represented the landlord, Frontier Equity, in the lease negotiations. The representative of the tenant, Nine Energy Services, was not disclosed.
NEW YORK CITY — Local haircare providers amika and Eva NYC have signed a 10-year, 19,000-square-foot office lease for shared headquarters space in Brooklyn. The brands will both operate out of 25 Kent, a mixed-use waterfront building in the Williamsburg neighborhood. Sam Seiler of JLL represented the landlord, Rubenstein Partners, in the lease negotiations. Michael Berman and Whitten Morris, also of JLL, represented the tenants, which plan to take occupancy of their new space this fall.