DALLAS — MetLife has named Jones Lang LaSalle (JLL) the exclusive leasing agents for its Turtle Creek Centre, a 312,000-square-foot office building at 3811 Turtle Creek Blvd. in Dallas. JLL’s Daryl Mullin, Steve Everbach and Conor McCarthy are handling the leasing efforts. The office building features a health facility, a deli and on-site security. The building is currently 82 percent leased to tenants such as Communications Sciences Corp., Wilson Associates and Jackson Lewis, LLP.
CAMBRIDGE, MASS. — Last week, the Cambridge Planning Board granted approval to Alexandria Real Estate Equities for the development of a new life sciences campus near Kendall Square in Cambridge. Known as the Binney Street Project, the development will add approximately 1.72 million square feet of high-tech office and laboratory space to an area that already has a major presence in the industry. “East Cambridge and Kendall Square are real hotbeds of the innovation economy,” says Tom Andrews, senior vice president of Alexandria Real Estate and regional director for its Massachusetts operations. “There are a lot of pharmaceutical and biotechnology companies, research institutes, and technology companies in this submarket. We think there are a variety of life science and technology companies that may be interested in these parcels.” The Binney Street Project will be built on five parcels of land totaling 11 acres that are located along Binney Street between First and Third streets. The project will include the construction of five buildings, a mixed-mode transportation center and more than 2 acres of public green space. All of the buildings will be built to LEED specifications. Presently, the parcels contain older, one- and two-story industrial buildings — a reminder of …
IRVING, TEXAS — Scott + Reid General Contractors has completed the 172,000-square-foot Caris Life Sciences headquarters, a conversion of a 12-year-old commercial office building. Located at 6655 N. MacArthur Blvd. in Irving, the property features a 27,000-square-foot laboratory. The company will eventually employ more than 700 workers at the property.
GERMANTOWN, MD. — Rockville, Md.-based Fisher BioServices has signed a 7-year lease with Minkoff Development Corp. for 20,249 square feet of space in the former MiddleBrook Pharmaceuticals building. The 53,054-square-foot property is located in the Seneca Medows Corporate Center at 20439 Seneca Meadows Parkway in Germantown. Henry Bernstein and Matt Brady of Scheer Partners negotiated a release of MiddleBrook’s current lease so Fischer could move into the building on October 1.
What area is your expertise? Office market in the Kansas City metropolitan area. What trends do you see presently in office development in your area? Little new development. Some mixed-use projects in the works. Who are the active office developers in your area? Local developers. Please name one or two significant office developments in your area. What impact will these projects have on the market? Park Place – Mixed-use suburban office project including retail, residential, office and hotels. Located in suburban Kansas City (Leawood, Kan.) Plaza West – mixed-use office, retail, hotel project on Country Club Plaza. Will be corporate headquarters for local advertising firm Bernstein Rein. Where is the majority of development taking place? Why is this area doing well? Suburban Kansas City What area do you expect to be the next big development market? Why? Suburban Kansas City What areas are doing well in terms of office leasing? Which areas are struggling with office leasing? Suburban Kansas City and Country Club Plaza do well. Downtown Kansas City has struggled but with a new entertainment district along with opening of Sprint Center, it is poised to take off. Please give a measure of office vacancy rates. Please give a …
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