DALLAS — Insurance brokerage firm CRC Group has signed a 49,000-square-foot office lease at Lakeside Square in North Dallas. The move-in is underway, and the deal brings the complex to 85 percent occupied. Gini Rounsaville and Trevor Franke of JLL represented the landlord, Acram Group, in the lease negotiations, Conor McCarthy and Taylor Dickerson, also with JLL, along with Kyle Stanich of Lincoln Property Co., represented the tenant.
NEW YORK CITY — Locally based developer The Moinian Group has provided updates on its speculative office project at 220 11th Ave. in the West Chelsea area of Manhattan. The project was originally announced in February 2020, but construction was delayed until early 2022. The foundation of the nine-story, 210,000-square-foot building is now complete, and Moinian Group has appointed Newmark as the new leasing agent. Designed by David Burns Studio Architecture, the building will feature two sculptural terraces, a 12,470-square-foot landscaped rooftop and two penthouse terraces totaling 2,200 square feet. At street level, an 11,920-square-foot duplex space offers the potential for flagship retail or flexible commercial use. An expected completion date was not announced, but the project team says that a prospective anchor tenant can commence its interior buildout within 18 months of lease execution.
SHORT HILLS, N.J. — CBRE has arranged a $58 million loan for the refinancing of a two-building, 320,000-square-foot office complex in Short Hills, about 25 miles west of New York City. The property, which was 95 percent leased at the time of sale, offers amenities such as a fitness center with a yoga and meditation room, cafeteria and shuttle service to nearby public transit lines. Brad Zampa and Mike Walker of CBRE arranged the five-year, floating-rate loan on behalf of the owner, Columbia Pacific Advisors. An undisclosed, East Coast-based institutional real estate lender provided the funds.
HOBOKEN, N.J. — Cushman & Wakefield has negotiated a 12,016-square-foot office lease in Hoboken. The tenant is cybersecurity firm Semperis, and the space is located on the ninth floor of the 13-story building at 111 River St., which is also home to Unilever’s new U.S. headquarters. Patrick Decker, Mina Shehata, David DeMatteis and Mark Zaziski of Cushman & Wakefield successfully represented Semperis in the lease negotiations. The landlord, SJP Properties, was self-represented.
HOUSTON — JLL and Stream Realty Partners have co-brokered the sale of Kirkwood Tower, a 285,682-square-foot office building located in the Energy Corridor area of West Houston. The 16-story building, which was originally built in the early 1980s and renovated in 2015, was about 73 percent leased at the time of sale. Amenities include an executive penthouse, fitness center, sauna, wellness room, rooftop jogging track, a lobby bank, tenant lounge and a deli. Rick Goings and Jeff Hollinden of JLL represented the undisclosed seller in the transaction. The duo collaborated with Matthew Asvestas of Stream Realty Partners to represent the buyer, David Z. Mafrige Interests (DZMI). Stream has also been retained as the leasing agent.
HOUSTON — Dallas-based brokerage firm STRIVE has negotiated the sale of Washington Plaza, a 44,950-square-foot retail and office complex in West Houston. Built in 2008, the property was 97 percent leased at the time of sale. Jake Dutson and Michael Hill of STRIVE represented the undisclosed seller — and original developer — of the property, in the transaction. The duo also procured the buyer, Dhanani Private Equity Group.
SANTA BARBARA, CALIF. — PSRS has arranged $9.2 million in refinancing for The Julia, a historic office building located at 924 Anacapa St. in Santa Barbara. Designed by famed architect Julia Morgan in 1926 initially as a women’s hotel, the 40,000-square-foot property was converted to office use in the 1970s. Seth Ludwick and Thomas Rudinsky of PSRS secured the loan, which features a 25-year amortizing term with rate resets every five years, through one of PSRS’ correspondent life insurance companies.
CHICAGO — CBRE has negotiated a 44,457-square-foot headquarters lease for logistics company TransLoop at 350 N. Orleans St. in Chicago. TransLoop outgrew its prior Chicago headquarters in just over three years, prompting the company to nearly triple its footprint. The new office, secured through a sublease from Gartner, will allow the company to add up to 200 new jobs in Chicago. CBRE’s Brian McDonnell and Bill Sheehy represented the tenant.
NEW YORK CITY — Cerity Partners has signed an office lease expansion in Midtown Manhattan. The wealth management and financial advisory firm currently subleases space on the 16th floor of 99 Park Avenue, a 26-story, 600,000-square-foot building. In 2027, Cerity Partners will transition to direct tenancy and expand its footprint to 48,671 square feet, inclusive of the entire 15th floor. Nicholas Dysenchuk and Rob Lowe of Cushman & Wakefield represented the tenant in the lease negotiations. Paul Glickman, Diana Biasotti, Kristen Morgan and Harrison Potter of JLL, along with internal agents Craig Panzirer and Alex Radmin, represented the landlord, Global Holdings.
ST. LOUIS — The National Geospatial-Intelligence Agency (NGA) has opened its new, $1.7 billion campus in St. Louis. The development will serve as the new campus for the NGA, which is relocating from its existing facility in downtown St. Louis. Situated on a 9-acre heart in the St. Louis Place neighborhood, the N2W campus features a 700,000-square-foot office building, two multi-level parking garages, a secure visitor center, delivery inspection facility and multiple secured access points. McCarthy HITT, a joint venture led by McCarthy Building Cos., partnered with the NGA to deliver the project. McCarthy HIIT also includes HITT Contracting, Black & Veatch Special Projects Corp., Gensler and Akima LLC. A joint venture between Black & Veatch and Gensler also served as the architect-engineer of record for the development. The decision to build the new headquarters was announced in 2016, and major construction began in early 2020. According to McCarthy HIIT, N2W marks the largest federal investment in the history of St. Louis. NGA, which has maintained a significant presence in the city for seven decades, currently employs more than 3,000 local workers. — Hayden Spiess
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