NEW YORK CITY — Nagarro has signed a 41,854-square-foot office lease at 195 Broadway in Lower Manhattan. The provider of data and digital engineering services first subleased the entire 25th floor of the 1.1 million-square-foot building last November and has now entered into an eight-year direct lease. Sinclair Li, Peter Shikar and Connor DeSimone of CBRE represented the tenant in the lease negotiations. Jonathan Tootell, Tanya Grimaldo and Giannina Brancato represented the landlord, L&L Holding, on an internal basis.
SCOTTSDALE, ARIZ. — Cushman & Wakefield has arranged the sale of Scottsdale Airpark Corporate Center, a two-building flex office and industrial property in Scottsdale. CEJ Scottsdale Airpark Corporate Center LLC sold the asset to SACC LLC for $13 million. Located at 15020 and 15030 N. Hayden Road, Scottsdale Airpark Corporate Center features 58,438 square feet of space that is occupied by Pillar Church, Copycats Printing and Vogel Prep. The property was built in 1985. Michael Kitlica, Tracy Cartledge and Robert Buckley of Cushman & Wakefield brokered the sale.
MINNETONKA, MINN. — Syndicated Equities has acquired the headquarters building of Legrand AV in the Minneapolis suburb of Minnetonka. The property integrates all core functions for Legrand AV, including engineering, R&D, production, executive offices and national training facilities. Originally constructed in 1982, the property underwent a comprehensive renovation in 1997 and is currently undergoing a more than $4 million renovation for Legrand AV. Syndicated structured the acquisition as a Delaware Statutory Trust to accommodate both cash and 1031 exchange investors.
HOUSTON — Third Coast Infrastructure LLC has signed a 20,800-square-foot office lease in downtown Houston. The locally based energy infrastructure company plans to move into its new space within Norton Rose Fulbright Tower, a 28-story building located at 1550 Lamar St., sometime next year. Griff Bandy of Partners Real Estate represented the tenant in the lease negotiations. Skanska owns the building.
NEW YORK CITY — SL Green Realty Corp. (NYSE: SLG) has entered into an agreement to purchase Park Avenue Tower, a 36-story, 621,826-square-foot office building located at 65 E. 55th St. in Midtown Manhattan. According to The Wall Street Journal, the seller, Blackstone, bought the building in 2014 for $750 million. Park Avenue Tower was originally constructed in 1986 and recently underwent capital improvements that enhanced office suites, the lobby, amenity spaces and the outdoor plaza. Gary Phillips and Will Silverman of Eastdil Secured represented the seller in the transaction. The deal is expected to close in the first quarter of 2026.
MINNEAPOLIS — SPS Commerce has renewed its 200,000-square-foot office lease for its corporate headquarters at SPS Tower in downtown Minneapolis. The namesake tenant has occupied space at the property, owned by Sumitomo Corp. of Americas, for 20 years. SPS Commerce’s project partners include Rokos Advisors, Greiner Construction and Gensler, which will shape the office design. Rokos represented the company in evaluating its office space. Transwestern handles management and leasing for SPS Tower, which totals 655,070 square feet. Occupancy exceeds 75 percent. Transwestern, in collaboration with Mission Construction and Studio BV, completed $8 million in updates in 2024 and 2025 that included creating two spec suite floors and an adjoining two-story tenant lounge, renovating the first-floor lobby and adding FRGMNT Coffee. The Turf Club, the largest lawn in downtown Minneapolis, includes a 6,000-square-foot, seven-hole putting green and bocce courts.
CP Group, DRA Advisors Execute 266,000 SF of Office Leasing Activity at Boca Raton Innovation Campus
BOCA RATON, FLA. — CP Group and DRA Advisors have executed more than 266,000 square feet of leasing activity at Boca Raton Innovation Campus (BRiC), a 1.7 million-square-foot office campus located in Boca Raton. The deals feature three new tenants and three lease renewals. The new leases include healthcare staffing firm Allstar Recruiting Locums LLC (42,697 square feet), home warranty provider Cinch Home Services (32,888 square feet) and tech company EchoTwin AI’s first office location (2,704 square feet). Meanwhile, healthcare technology company Modernizing Medicine renewed its 127,821-square-foot lease at the property, Everglades University renewed its 52,582-square-foot lease and financial services company Newtek renewed its 7,810-square-foot lease. Jeff Kelly of CBRE represented CP Group in all lease transactions at BRiC. Ryan Nunes and Alan Kleber of Cushman & Wakefield represented Allstar Recruiting Locums LLC, Cinch Home Services and Modernizing Medicine. Zach Wendelin of JLL and Adam Bernstein, who has since joined Stream Realty, represented Everglades University in the lease negotiations. Additionally, a $100 million renovation at BRiC has included the redevelopment of the former IBM R&D facility, which has been transformed to feature an onsite wellness center run by Boca Raton Regional Hospital, the addition of two coffee shops and a grab-and-go …
HOUSTON — Colliers has brokered the sale of a 182,506-square-foot office building located at 11200 Westheimer Road in the Westchase area of West Houston. According to LoopNet Inc., the 10-story building was originally constructed in 1982. James Kadlick, Chris Hutcheson and Harrison Kane of Colliers represented the buyer, an entity doing business as Texas Jewelry District LP, in the transaction. The seller and sales price were not disclosed.
WESTFIELD, N.J. — Marcus & Millichap has brokered the $5 million sale of a 10,369-square-foot office building in the Northern New Jersey community of Westfield. The two-story building at 1 Elm St. was originally constructed in 1922 and renovated in 2018 and was fully leased at the time of sale. Alan Cafiero and David Cafiero of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer was also not disclosed.
SAN JOSE, CALIF. — Barings has completed the sale of The Orchards, a Class A office and research and development campus at 3000 and 3030 Orchard Parkway in San Jose. Rosendin Electric acquired the asset for an undisclosed price in an off-market transaction. Joe Kelly, Jon Mackey, Steve Golubchik and Edmund Najera of Newmark represented the seller, while Mike Rosendin of Colliers represented the buyer in the deal. The two-story building at 3000 Orchard Parkway features high clear-height spaces and prominent signage, while the three-story building at 3030 Orchard Parkway is equipped for high-density operations with fitness centers, training rooms and collaborative workspaces.
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