Office

Rice Real Estate, LPC to Develop 200,000 SF Office, Life Sciences Building in Midtown Houston

by Taylor Williams October 2, 2025

HOUSTON — A partnership between Rice Real Estate Co., the property investment arm of Rice University, and Dallas-based Lincoln Property Co. (LPC) will develop The Arc at The Ion District, a 200,000-square-foot office and life sciences property in Houston. The Ion District is a 16-acre academic, research and development and innovation hub in Midtown Houston. Amenities at the new building will include a gym, lounge, conference and meeting spaces and outdoor event plazas. Rice University has committed to occupying 30,000 square feet of office and lab space at The Arc, construction of which is expected to begin in the second quarter of next year and to be complete in early 2028.

October 2, 2025

Acquisitions Office Texas

JLL Brokers Sale of 132,599 SF Office Building in West Houston Leased to BlueCross BlueShield

by Taylor Williams October 2, 2025

HOUSTON — JLL has brokered the sale of a 132,599-square-foot office building in West Houston. Completed in 1999, the building at 8101 W. Sam Houston Parkway S was fully leased at the time of sale to BlueCross BlueShield, which recently signed an 11-year lease. Kevin McConn and Rick Goings of JLL represented the seller, an affiliate of Denver-based Sagard Real Estate, in the transaction, and procured the buyer, a partnership between Fuller Realty Partners and ICP Funds. Wally Reid and Cameron Cureton, also with JLL, arranged a five-year acquisition loan of an undisclosed amount for the deal through a regional bank.

October 2, 2025

Loans Michigan Midwest Office

BWE Secures $15.5M Refinancing for Office Building in Troy, Michigan

by Kristin Harlow October 2, 2025

TROY, MICH. — BWE has secured a $15.5 million loan for the refinancing of Troy Corporate Center, a Class A office building in Troy. Dan Rosenberg, Logan Petersmeyer and Isabella Barrios of BWE arranged the loan on behalf of the borrower, Integris Ventures. A life insurance company provided the nonrecourse loan, which features a 30-year amortization. Integris began a value-add business plan after acquiring the 189,790-square-foot, six-story property in 2021. After renovation, the building is nearly fully occupied. Amenities include a micromarket, conference and event space, covered parking, locker rooms and a fitness facility.

October 2, 2025

Illinois Leasing Activity Midwest Office

DesignPac Inks 17,447 SF Flex Office Lease in Oak Brook, Illinois

by Kristin Harlow October 2, 2025

OAK BROOK, ILL. — DesignPac, a subsidiary of 1-800-Flowers.com Inc., has inked a long-term lease for 17,447 square feet of flex office space at 2100 Swift Drive in the Chicago suburb of Oak Brook. Corey Chase of Newmark represented the tenant, which is a provider of gourmet gift baskets and sets for major retailers across North America. The new space will support the company’s multifaceted operations, including its design studio and showroom, product packaging and light manufacturing. Experimental Holdings owns the three-story, 58,010-square-foot property, which underwent a significant renovation in 2017. Ownership is adding an overhead door to the first floor to create a flex space that will enable the tenant to efficiently move products in and out of the facility. Patrick Kiefer and Dan O’Neill of NAI Hiffman represented the landlord.

October 2, 2025

Acquisitions Arizona Industrial Loans Office Western

Gantry Secures $16.3M Acquisition Loan for Two Flex Industrial Buildings in Phoenix

by Amy Works October 1, 2025

PHOENIX — Gantry has secured $16.3 million in financing for a private real estate investor for the acquisition of two buildings located at 950 and 960 W. Behrend Drive in Phoenix. The properties offer 124,308 square feet of industrial and office space. Tim Storey, Adam Parker, Chad Metzger and Andrew Christopherson of Gantry’s Phoenix office arranged the five-year, fixed-rate loan through a regional bank. The loan features two years of interest-only payments while the property stabilizes and then transitions to a 30-year amortization.

October 1, 2025

Acquisitions Colorado Office Western

Owner-User Acquires 19,409 SF Office Building in Centennial, Colorado for $1.7M

by Amy Works October 1, 2025

CENTENNIAL, COLO. — Burgeon Properties Denver LLC has purchased an office building, located on 0.76 acres at 4901 E. Dry Creek Road in Centennial, from Non Paddle LLC for $1.7 million. Built in 1979, the 19,409-square-foot property features private offices, open work areas and suites with kitchens. The building was 80 percent occupied at the time of sale, providing a revenue stream while allowing space for the buyer’s operations. Paul Cattin of Platinum Commercial Real Estate represented the seller in the deal, while the buyer was unrepresented in the transaction.

October 1, 2025

Acquisitions Midwest Office Ohio

Cushman & Wakefield Brokers Sale of 170,000 SF Office Campus in New Albany, Ohio

by Kristin Harlow October 1, 2025

NEW ALBANY, OHIO — Cushman & Wakefield has brokered the sale of a 170,000-square-foot office campus located at 8111 Smith’s Mill Road in New Albany near Columbus. EOG Resources Inc., one of the largest crude oil and natural gas exploration and production companies in the United States, was the buyer. The campus will house EOG Resources’ new Columbus division, adding support for the company’s Utica Shale asset development close to its operations in the region. The LEED Gold-certified building offers office, training and lab facilities along with modern amenities. Randy Stephens and W. Allan Meadors of Cushman & Wakefield represented EOG Resources in the transaction. The company plans to open the new office later this year.

October 1, 2025

Acquisitions Office Retail Texas

HGIT Acquires Office, Retail Development in Houston for $137.5M

by Taylor Williams September 30, 2025

HOUSTON — Hines Global Income Trust (HGIT) has acquired Montrose Collective, a 189,000-square-foot office and retail development located just outside of downtown Houston, for $137.5 million. Montrose Collective houses the offices of Live Nation and Pattern Energy, as well as a range of shopping and dining establishments. Montrose Collective was fully leased at the time of sale. John Mooz and Ashley Prasse-Freeman led the transaction for the new ownership on an internal basis. The seller was not disclosed.

September 30, 2025

Georgia Leasing Activity Life Sciences Office Southeast

Shriners Children’s Signs Multi-Floor Lease at Science Square Labs in Midtown Atlanta

by John Nelson September 30, 2025

ATLANTA — Shriners Children’s, a global pediatric healthcare system, has signed a multi-floor lease for research-and-development space at Science Square Labs, a 368,213-square-foot laboratory and office tower in Midtown Atlanta. The project, owned and developed by Trammell Crow Co., is part of Georgia Tech’s 18-acre Science Square innovation district. Shriners Children’s Research Institute will feature next-generation laboratories, modern collaborative workspaces and advanced technology infrastructure. The move is expected to bring more than 470 jobs to Atlanta. With Shriners Children’s new lease, Science Square Labs is now 83 percent leased to tenants including Duracell, Georgia Tech & Emory BioMedical Engineering faculty labs, the Georgia Department of Agriculture, Portal Innovations and Osmose. Eric Ross, Jessica Doyle and Graham Little of CBRE represented Trammell Crow Co. in the lease negotiations.

September 30, 2025

Florida Leasing Activity Office Southeast

Blanca CRE Arranges 78,315 SF Office Lease in Miami for ADP

by John Nelson September 30, 2025

MIAMI — Blanca Commercial Real Estate (Blanca CRE) has arranged a 78,315-square-foot office lease at Waterford Business District in Miami. ADP, a global HR and payroll solutions provider, will relocate its current Miami office at 10200 Sunset Drive to the Waterford campus at 65th Avenue and 7th Street, adjacent to Miami International Airport. Juan Ruiz, Andres del Corral, Jack Davidson, Tere Blanca and Jessy Aguila of Blanca CRE represented the undisclosed landlord in the lease negotiations. Other recent leases executed at the 250-acre Waterford campus include Carnival Corp., Assurant and Verizon, among other major firms.

September 30, 2025

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