RICHARDSON, TEXAS — Avison Young has brokered the sale of two industrial flex buildings totaling 73,646 square feet in Richardson, a northeastern suburb of Dallas. The buildings sit on a combined 4.7 acres at 1200-1300 S. Sherman St. and were fully leased at the time of sale to a single tenant. John Bowles, Susan Gwin Burks and Bruce Butler of Avison Young represented the seller, an affiliate of Mohegan Capital, in the transaction. The buyer was Elegant Investment Group Inc.
CONROE, TEXAS — The United Way of Greater Houston has acquired a 51,900-square-foot office building in Conroe, about 40 miles north of Houston. The nonprofit organization is relocating and more than doubling its footprint from its existing facility in the nearby community of The Woodlands. United Way plans to take occupancy of the Conroe building in early 2026, and The Woodlands building is currently on the market. The seller and sales price were not disclosed.
CINCINNATI — CBRE has negotiated the sale of the Sawyer Point Building, a 182,700-square-foot office building in Cincinnati’s central business district. Matrix Holdings LLC purchased the property from Colonial Life & Accident Insurance Co. CBRE’s Steve Timmel, Will Roberts, John Eckert and Travis Likes represented the seller. Building amenities include a rooftop deck, two-story atrium, fitness center, conference center, electric vehicle charging stations, a self-service Company Kitchen market and a 100-stall, underground parking garage. Originally built in 1916, the four-story property was converted into office use in 2001 and underwent renovations from 2020 to 2024.
NASHVILLE, TENN. — Vastland Co. has obtained a $130 million construction loan for VOCE Hotel & Residences, a 25-story mixed-use development located at 1717 Hayes St. in Midtown Nashville. BayBridge Real Estate Capital arranged the loan through Atlanta-based Peachtree Group. Upon completion, VOCE Hotel & Residences will feature 192 private residences, 114 luxury hotel rooms, 60,000 square feet of boutique office space and more than 40,000 square feet of amenities, including a rooftop dining experience. The design-build team includes BL Harbert International (general contractor), The Preston Partnership (architect), ID & Design International (interior design), RH (custom design), Civil Site Design Group (civil engineer) and HDLA (landscape architect). Vastland and the project team plan to break ground next week and deliver the project in fall 2027. Christy Fewin of Vastland is leading sales for the residences, which at full capacity has a total sellout value of $360 million. Pre-sales have already eclipsed 50 percent of available units, according to Vastland.
CINCINNATI — Real Capital Solutions (RCS) has acquired First Financial Center, a 31-story office tower located at 255 E. Fifth St. in downtown Cincinnati, for $59 million. The 551,836-square-foot property includes 523,213 square feet of office space and 28,623 square feet of retail space. The acquisition also includes a seven-story, 1,233-space parking garage. First Financial Center is 91.7 percent leased to 17 tenants, including three headquarters users that collectively occupy 65 percent of the building’s leased space. Those include First Financial Bank, Dinsmore & Shohl LLP and Chemed Corp., which recently signed a 10-year renewal. More than 75 percent of the leased space is occupied by financial and legal services firms. The acquisition price represents a discount of more than 75 percent to estimated replacement cost.
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.
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.
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.
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.
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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