Thursday, November 20, 2025
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DevelopmentFloridaIndustrialOfficeSoutheast

Bridge Industrial to Redevelop South Florida Office Park Into 268,702 SF Industrial Complex

by John Nelson

DORAL, FLA. — Bridge Industrial has recently received approval to redevelop a 16-acre office park located at 7775 N.W. 48th St. in Doral into Bridge Point Doral 826, a 268,702-square-foot, two-building industrial complex. The conversion project will transform the 1970s-era suburban office park in metro Miami’s Airport West submarket into a LEED-certified logistics hub. Bridge Industrial has begun preliminary site preparations at the property and will plan to deliver the project in first-quarter 2027. Bridge Point Doral 826 represents the second office-to-industrial conversion project in South Florida as the company recently redeveloped the former Ryder Systems headquarters into Bridge Point Flagler Station.

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Company NewsNorth CarolinaOfficeSoutheast

Maersk Selects Charlotte for New North American Corporate Headquarters

by John Nelson

CHARLOTTE, N.C. — Maersk, a global integrated logistics and shipping company, has selected Charlotte for its North American corporate headquarters. The company will invest $16 million in Mecklenburg County and will grow its Charlotte workforce to 1,300 jobs. The location of the company’s new offices and identity of the landlord were not disclosed. Maersk is a subsidiary of Danish firm A.P. Moller-Maersk and was founded in 1904. The new headquarters in Charlotte will house key corporate functions —  including finance, human resources, commercial strategy and technology — for its 10,000 North American employees. Maersk’s lease is the second headquarters relocation for Charlotte within a week as Scout Motors, a subsidiary of Volkswagen, announced its $206 million investment to move its regional headquarters to Charlotte.

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IllinoisLeasing ActivityMidwestOffice

Bradford Allen Secures 10,780 SF Office Lease Renewal for Anesi Ozmon in Chicago

by Kristin Harlow

CHICAGO — Bradford Allen has secured a seven-year, 10,780-square-foot office lease renewal for Anesi Ozmon Ltd. at 161 N. Clark St. in Chicago’s Central Loop. Ben Azulay and Nathan Meisner of Bradford Allen represented the law firm, which handles personal injury, construction accident and workers’ compensation cases. The longtime tenant of the building is having its space reconfigured to include more private offices for attorneys. Designed by Kohn Pederson Fox and built in 1992, 161 N. Clark Street is a 50-story office tower with a 12th-floor tenant lounge, multiple conference rooms, a fitness center, bike storage and an open-air roof terrace with skyline views. First-floor retail tenants include Hannah’s Bretzel, Fifth Third Bank, DHL and Larry’s Shoe Shine.

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Leasing ActivityOfficeTexas

BMC Software Signs 95,827 SF Office Headquarters Lease Extension in West Houston

by Taylor Williams

HOUSTON — BMC Software has signed a 95,827-square-foot office headquarters lease extension in West Houston. The space is located within the 21-story, 518,907-square-foot Building 4 of CityWest, a campus that comprises 1.5 million square feet across 35 acres. Scott Wegmann and Kevin Ray of Cushman & Wakefield represented the tenant in the lease negotiations. J.P. Hutcheson and Amanda Nebel, also with Cushman & Wakefield, represented ownership, a venture between Parkway Properties, 3Edgewood and Midway.

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Leasing ActivityNew YorkNortheastOffice

Kinderhook Industries Signs Office Lease Expansion in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Kinderhook Industries has signed an office lease expansion at 505 Fifth Avenue in Midtown Manhattan. The private investment firm inked a 10-year deal for the entire 24th floor, which brings its footprint at the 26-story building to 21,752 square feet across two full floors. Paul Glickman, Diana Biasotti and Harrison Potter of JLL represented the landlord, Stawski Partners, in the lease negotiation. Alexander Chudnoff and Kate Roush, also with JLL, represented Kinderhook Industries.

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IowaMarket ReportsMidwestMidwest Market ReportsMinnesotaMissouriOfficeOhioWisconsin

Midwest Office Markets Face Mounting Pressure

by Kristin Harlow

By David Goldfisher, The Henley Group Secondary and tertiary office markets across the Midwest, including Chicago, Minneapolis, Madison, Milwaukee, Cleveland, Cincinnati, Columbus and St. Louis, are facing mounting pressure. While each city has its own challenges, a common theme is clear — vacancies remain high and liquidity is thin. Tenant shuffling One of the defining dynamics today is tenant reshuffling rather than net growth. As leases expire, employers frequently move from one building to another, seeking modernized space and stronger amenities. Renovating in place is disruptive and costly, while relocating allows businesses to upgrade with minimal operational downtime. This “musical chairs” effect highlights a deeper structural issue. There are only so many large anchor tenants in Midwest cities and few new entrants are seeking major blocks of space. There is more repositioning for existing tenants than attracting new ones. Flight to quality Landlords and developers are competing to deliver amenities that encourage office attendance and support talent retention. Modernized lobbies, tenant lounges and flexible collaboration areas have become standard expectations. Hines’ upgrades at Chicago’s 333 West Wacker Drive and 601W Cos.’ reinvestment in the Old Post Office demonstrate the scale of investment required. But not all landlords can compete. With …

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Leasing ActivityMidwestMinnesotaOffice

Cushman & Wakefield Negotiates 150,000 SF of Leases at Southdale Office Centre in Edina, Minnesota

by Kristin Harlow

EDINA, MINN. — Cushman & Wakefield has negotiated several new long-term leases totaling more than 150,000 square feet at Southdale Office Centre, a six-building campus along France Avenue in the Twin Cities suburb of Edina. First-time tenant Southdale Pediatrics inked a lease for 38,306 square feet at 6600 France Avenue, a specialty medical outpatient property that recently underwent major renovations to the first- and second-floor lobbies and common areas. Edina Realty signed a lease renewal for 38,676 square feet at 6800 France Avenue, and Evereve doubled its footprint to 41,113 square feet. Several other companies have also recently signed new leases or renewals. Bill Rothstein and Eric King of Cushman & Wakefield represented property ownership, Wildamere Capital Management and Olympus Ventures.

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Leasing ActivityNew YorkNortheastOffice

Sierra Signs 14,563 SF Office Lease at 375 West Broadway in Manhattan

by Taylor Williams

NEW YORK CITY — Sierra, an AI-driven customer service platform, has signed a 14,563-square-foot, full-floor office lease at 375 West Broadway in Manhattan’s SoHo neighborhood. The deal keeps the 76,605-square-foot building, which was originally constructed in 1863 and is currently being renovated, at full occupancy. Brett Harvey of Newmark represented the landlord, Manova Partners, in the lease negotiations. Jeff Fischer and Connor Krup of CBRE represented Sierra.

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DevelopmentLeasing ActivityMixed-UseOfficeSoutheastVirginia

Comstock Inks Two Office Leases With Booz Allen at Reston Station in Metro D.C. Totaling 310,000 SF

by John Nelson

RESTON, VA. — Comstock Holding Cos. Inc. has inked two office leases with Booz Allen Hamilton at two adjacent office towers within Reston Station, a 90-acre, transit-oriented mixed-use development in the Washington, D.C., suburb of Reston. Reston Station will now be the corporate headquarters for the global technology and consulting firm, which will fully occupy the nearly finished office building at 1870 Reston Row Plaza and multiple floors within the adjacent office building at 1800 Reston Row Plaza, which was recently delivered. The two leases combine for more than 310,000 square feet and include the enclosed bridge that will connect the two office towers on the seventh floor. The design team for 1800 and 1870 Reston Row Plaza included HKS Architects and Michael Graves Architecture. The two LEED Silver office towers are situated in The Row at Reston Station, the second of five planned phases of Comstock’s Reston Station development, which also houses offices for Google, ICF International, CARFAX, Spotify, Qualtrics International and Rolls-Royce of America, among other companies.

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AcquisitionsNorth CarolinaOfficeSoutheast

Durhamite Acquires 105,830 SF Nottingham Hall Office Building in Durham

by John Nelson

DURHAM, N.C. — Durhamite, a real estate investment and management firm, has purchased Nottingham Hall, a 105,830-square-foot office building located at 4505 Emperor Blvd. in Durham. The new owner plans to make extensive upgrades to the four-story property, including installing speculative suites. Daniel Flynn, Ryan Clutter and C.J. Liuzzo of JLL represented the undisclosed seller in the transaction. The sales price was also not disclosed. Durhamite has retained Dennis Hurley and Taylor McCuiston of JLL to lease Nottingham Hall, which is situated within the Imperial Center mixed-use business park.

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