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50-Danbury-Road-Wilton-Connecticut
AcquisitionsConnecticutNortheastOffice

CBRE Negotiates $24.7M Sale of Office Building in Wilton, Connecticut

by Taylor Williams

WILTON, CONN. — CBRE has negotiated the $24.7 million sale of a 221,070-square-foot office building in the southern coastal Connecticut city of Wilton. The two-story building at 50 Danbury Road is home to tenants such as AIG, ASML and Hartford Health Care. Jeff Dunne, Steve Bardsley and Travis Langer of CBRE represented the seller, a partnership that includes an entity managed by Taconic Capital Partners, in the transaction. Shawn Rosenthal and Jason Gaccione, also with CBRE, arranged acquisition financing on behalf of the buyer, Melrose Pfeiffer Holding LLC.

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Leasing ActivityNew YorkNortheastOffice

Moroccanoil Signs 39,799 SF Office Lease in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Moroccanoil has signed a 39,799-square-foot office lease at 1185 Avenue of the Americas in Midtown Manhattan. The cosmetics company will occupy part of the 32nd and all of the 33rd floor at the 42-story building. Deborah Van Der Heyden, Yarden Drimmer, Tamar Wartanian and Andrew Chase of Cushman & Wakefield represented the tenant in the lease negotiations. Brian Waterman, John Fanuzzi, Brent Ozarowski, David Waterman and Kevin Sullivan of Newmark represented the landlord, SL Green.

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DevelopmentFloridaMixed-UseOfficeSoutheast

BH Group, PEBB Enterprises Secure $89.9M Financing for Mixed-Use Redevelopment in Boca Raton

by John Nelson

BOCA RATON, FLA. — BH Group and PEBB Enterprises have secured $89.9 million in financing for The Eclipse, a 29-acre mixed-use redevelopment in Boca Raton. City National Bank and Abanca provided the new financing, which grew the loan proceeds for the construction financing from $47 million to nearly $90 million. BH Group and PEBB are partnering on the office and retail components of The Eclipse. The companies are also co-developing the 500-unit residential component in partnership with Related Group. The redevelopment includes a Class A overhaul of the project’s existing 405,000 square feet of office space across two buildings, which were formerly the corporate headquarters for retailer Office Depot. Notable office tenants include Atlantic | Pacific Cos., Kanner & Pintaluga, MN8 Energy and ODP Corp. The Eclipse also includes two ground-up retail and restaurant outparcel buildings totaling approximately 21,500 square feet, as well as a nearly 37,000-square-foot Equinox gym.

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8925-S-Pecos-Rd-Henderson-NV
AcquisitionsNevadaOfficeWestern

CBRE Arranges $6.5M Sale of Office Portfolio in Henderson, Nevada

by Amy Works

HENDERSON, NEV. — CBRE has brokered the sale of a two-building office portfolio located at 8925 and 8975 S. Pecos Road in Henderson. A&C Pahrump Capital acquired the properties from Pecos Beltway Holdings LLC for $6.5 million. The portfolio offers 26,840 square feet of office space. Michael Hsu of CBRE represented the seller in the transaction.

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IllinoisLeasing ActivityMidwestOffice

Friedman Properties Inks 107,000 SF of Leases at Reid Murdoch Building in Chicago

by Kristin Harlow

CHICAGO — Friedman Properties has completed five leases totaling 107,000 square feet at the Reid Murdoch Building in Chicago’s River North neighborhood. New tenant Smartly, an artificial intelligence-powered advertising technology company with offices around the world, signed a lease for 5,000 square feet of office space. Storck USA, which has maintained its offices in the building since 2002, expanded from 20,000 to 30,000 square feet. Headquartered in Berlin, Storck is a confectionary producer with brands including Werther’s Original, Mamba, Riesen, merci, Knoppers and Toffifay. The Motion Agency, an independently owned marketing agency, expanded from 20,000 to 25,000 square feet. The company’s headquarters have been located at the property since 2018. Theater of the Mind, an immersive theatrical experience presented as part of Goodman Theatre’s centennial 2025/2026 season, signed a 19,000-square-foot lease for ground-floor retail space. River Roast renewed its 28,000-square-foot restaurant lease. The eatery opened in 2014. Friedman Properties recently completed a renovation that included a new tenant lounge, café, audiovisual system, two conference rooms and a fitness center. Additional upgrades included the build-out of a 5,388-square-foot speculative office suite, refreshed common areas and a lobby transformation. Originally constructed in 1914, the Reid Murdoch Building long served as the office, …

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850-Third-Avenue-Manhattan
DevelopmentNew YorkNortheastOffice

Waterman, HPS Begin Renovation of 605,000 SF Office Building in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — A partnership between New York City-based Waterman Interests and alternative asset management firm HPS Investment Partners has begun the renovation of 850 Third Avenue, a 605,000-square-foot office building in Midtown Manhattan. Renovations to the 21-story building, which was originally constructed in 1961, will include an expanded lobby with contemporary finishes and a 14,000-square-foot conference and social center with 200-seat capacity. In addition, the project team, led by design firms MdeAS Architecture and Vocon, as well as general contractor Turner Construction and mechanical engineer Cosentini Associates, will deliver new elevators, windows, storefronts and building systems. A tentative completion date was not announced.

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AcquisitionsNew JerseyNortheastOffice

JLL Brokers Sale of 203,506 SF Office Building in Parsippany, New Jersey

by Taylor Williams

PARSIPPANY, N.J. — JLL has brokered the sale of 14 Sylvan Way, a 203,506-square-foot office building located in the Northern New Jersey community of Parsippany. Built in 2013 within the 2.1-million-square-foot Arbors @ Parsippany office campus, 14 Sylvan Way is a three-story building with a cafeteria/bistro, courtyard, tenant lounge, game room and conference facilities. The building was fully leased at the time of sale to Travel + Leisure Co. Jose Cruz, Jeremy Neuer, Michael Kavaler and Tim Greiner of JLL represented the undisclosed, institutional seller in the transaction and procured the buyer, Signature Acquisitions.

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AcquisitionsOfficeTexas

Serpa Partners, AQUILA Acquire 286,000 SF Office Campus in Metro Austin

by Taylor Williams

WEST LAKE HILLS, TEXAS — A joint venture between regional investment firm Serpa Partners and Austin-based AQUILA Commercial has acquired Cielo Center, a 286,000-square-foot, three-building office campus in West Lake Hills, located just west of Austin. The property offers amenities such as a fitness center, conference facilities and a tenant lounge. The new ownership plans to implement capital improvements. The seller and sales price were not disclosed.

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Leasing ActivityNew YorkNortheastOffice

Sigma Computing Signs 28,286 SF Office Lease Expansion in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Sigma Computing Inc. has signed an 11-year, 28,286-square-foot office lease expansion in Midtown Manhattan. The AI-driven software company now occupies 92,363 square feet, including the entire third floor, at One Madison Avenue. Brent Ozarowski, Jeffrey Rodgers and Stephen Cisarik of Newmark represented the tenant in the lease negotiations. Paul Glickman, Alexander Chudnoff, Ben Bass and Diana Biasotti of JLL represented the landlord, SL Green.

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IllinoisIndustrialLeasing ActivityMidwestOffice

Pure Processing Expands, Relocates Headquarters to 29,313 SF Space in Lisle, Illinois  

by Kristin Harlow

LISLE, ILL. — Pure Processing, a developer and manufacturer of ergonomic medical device cleaning solutions, has signed a 29,313-square-foot headquarters lease at 2200 Ogden Ave. in Lisle. The move triples the company’s footprint from its previous location in Carol Stream and consolidates its office, light manufacturing, warehouse and showroom operations under one roof. Pure Processing now occupies more than half of the 59,971-square-foot flex industrial building. Steve Chrastka, Jack Brennan and Connor Dale of NAI Hiffman represented the tenant in the lease transaction, which began with planning and site selection in August 2024 and culminated in the firm’s move on Sept. 2. Pete Adamo of CBRE represented the landlord, Sperry Equities. The space at 2200 Ogden Ave. had more than 9,000 square feet of existing office space. The owner completed a turnkey build-out that included rebuilding and expanding office areas; enlarging breakrooms; and adding conference rooms, restrooms and warehouse space with storage racks and separate production and assembly areas. Construction also included a showroom where Pure Processing can display its sink systems and reprocessing equipment used in hospitals and gastrointestinal labs. Interwork Architects served as the project architect for the build-out, and BLC Construction was the general contractor.

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