HOUSTON — JLL has negotiated the sale of 5300 Memorial Drive, a 153,671-square-foot office building in West Houston. The building was most recently renovated in 2019 and was 90 percent leased at the time of sale. Marty Hogan and Kevin McConn of JLL represented the seller, an affiliate of Equus Capital Partners, in the transaction and procured the buyer, CAMCO Investment Group. John Ream, also with JLL, arranged an undisclosed amount of acquisition financing for the deal through Cornerstone Capital Bank.
WHITE PLAINS, N.Y. — TKF Burnside Real Estate Partners has purchased a 400,000-square-foot office building in White Plains, located north of New York City. The building at 360 Hamilton Ave. is located in the downtown area and is home to tenants such as Merrill Lynch, Heineken USA, Bank of America and Skadden, Arps, Slate, Meagher & Flom LLP. Kevin Welsh and Charles Han of Newmark represented the undisclosed seller in the transaction. The buyer, which plans to implement capital improvements, was self-represented.
ELMWOOD PARK, N.J. — Keyence Corp., a provider of automated factory equipment, has signed a 20,000-square-foot office lease renewal in the Northern New Jersey community of Elmwood Park. The space is located within the building at 669 River Drive, which according to LoopNet Inc. was constructed in 1984 and totals 83,620 square feet. Mike Nicholson of Acclaim Realty represented Keyence in the lease negotiations. Accordia owns the building.
MELBOURNE, FLA. — Colliers has brokered the $35 million sale of a five-property portfolio totaling more than 294,000 square feet of office, industrial, retail and medical office space in Melbourne, a city on Florida’s Space Coast. The portfolio, dubbed the Florida Space Coast Investment Portfolio, featured multiple transactions between August 2025 and April 2026. Melbourne Corporate Center, a 33,623-square-foot office building that is fully leased to aerospace engineering firm Aeronix, sold for $3.1 million. Hibiscus Professional Center, which sold for $2.5million, totals 26,300 square feet and is leased to National Drug Screening, Benezra Gynecology and Hanger Prosthetics. Imperial Plaza, a 107,000-square-foot office and retail center, sold for $12.2 million and is occupied by tenants such as the Department of State, FBI and DCAA, Stifel and Fiesta Azteca. Centre at Suntree, an 82,172-square-foot retail and medical property, sold for $12.3 million and is home to Premier Urgent Care, Moon Golf and Huntington Learning Center. Lastly, Rivercrest Professional Center, a 45,475-square-foot office and flex property, sold for $5 million and is occupied by Health First and Cape Canaveral Hospital. Joe Rossi and Scott Brenner of Colliers represented the undisclosed seller in all transactions. Max Ducharme of PMD Capital Management purchased Melbourne Corporate Center …
LOS ANGELES — Pegasus has arranged the purchase of Laemmle NoHo 7, a marquee theater-anchored retail and office property in the North Hollywood neighborhood of Los Angeles. A locally based investor group led by the Laemmle family, founders and operators of Laemmle Theatres, acquired the asset for $6.5 million. Located at 5240 Lankershim Blvd. in the NoHo Arts District, the 32,809-square-foot property was originally constructed in 2011. The acquisition was completed as part of a 1031 exchange following the disposition of a former theater asset previously owned and operated by the Laemmle family. This purchase marks the Laemmle family’s reacquisition of the property, which it sold in 2021 to a developer with plans to redevelop the asset into a multifamily and retail property. The redevelopment strategy ultimately fell through, allowing the Laemmle family the opportunity to repurchase the asset. Upon stabilization, NoHo 7 will be anchored by Laemmle Theatres. The existing ground-floor tenant, Chipotle Mexican Grill, will remain and the upper-level office space, which was vacated in anticipation of redevelopment, will be repositioned and leased. David Chasin, along with the Pegasus team, advised the buyer in the acquisition.
NEW YORK CITY — Soloviev Group has received a $1.8 billion CMBS loan to refinance 9 West 57th Street, a 1.7 million-square-foot office tower located in Manhattan’s Plaza District. Bank of America, along with Wells Fargo and Citi Real Estate Funding, provided the loan, which carries a 4.9 percent interest rate. Proceeds of the five-year loan will retire a previous 10-year, $1.2 billion loan issued by JPMorgan Chase in 2016, with more than $500 million returning to Soloviev. “This refinancing is a clear validation of the strength of 9 West 57th Street and the collaborative success of lead lender Bank of America, and secondary leads Wells Fargo and Citibank,” says Stefan Soloviev, chairman of Soloviev Group. Soloviev Group’s 50-story flagship trophy tower, known as the Solow Building, is expected to achieve a market valuation of $3.9 billion upon stabilization, according to Soloviev Group. Designed by Skidmore, Owings & Merrill and delivered in 1974, the building recently underwent capital improvements to the lobby, elevators and building system technology. Ownership has also introduced a new 20,000-square foot amenity floor, that includes Central Park views, conference rooms, multi-functional meeting space, a grab-and-go coffee bar, executive dining and a hospitality area. The property’s long-term tenants …
DALLAS — Balfour Beatty has signed a 35,139-square-foot office lease in the Victory Park area of Dallas. The construction and infrastructure development company is taking space at One Victory Park, a 20-story, 435,606-square-foot building. Matt Schendle and Carrie Halbrooks of Cushman & Wakefield represented the landlord, New York City-based investment firm Clarion Partners, in the lease negotiations. Andrew Cheney of Lee & Associates, along with Phil Puckett and Harlan Davis of CBRE, represented Balfour Beatty.
HOUSTON — PAGEWOOD has purchased a 14,000-square-foot office and retail building at 1440 Brittmoore Road in West Houston with plans to undertake a redevelopment. The local owner-operator plans to occupy 6,000 square feet within the building for its new headquarters and to tenant the remainder of the space with food-and-beverage and/or fitness concepts. The project, which will be known as The Outpost at Brittmoore, is expected to be complete in the fourth quarter.
PFLUGERVILLE, TEXAS — Tampa-based brokerage firm Franklin Street has arranged the sale of a 12,705-square-foot office building in the northern Austin suburb of Pflugerville. The building at 508 Old Austin Hutto Road was built in 2013 and will be the future home of the Cameron Road Church of Christ. Marshall Durrett and Laura Fretwell of Franklin Street represented the church in the transaction. The seller was an entity doing business as Government Leases LLC.
NEW YORK CITY — Betches Media has signed a 23,028-square-foot office lease in Midtown Manhattan. The female-led producer of digital content is relocating from 43 W. 24th St. to the entire sixth floor at 360 Park Avenue South, a newly renovated, 440,000-square-foot building. Shay Bolton, Kirill Azovtsev and Jim Wenk of Savills represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.
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