Friday, December 12, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Office

The-Lumin-Bryan
DevelopmentLoansOfficeTexas

Bayview PACE Provides $15.6M in C-PACE Financing for Office Project in Bryan, Texas

by Taylor Williams

BRYAN, TEXAS — Bayview PACE has provided $15.6 million in C-PACE financing for The Lumin, a 103,000-square-foot office project that is under construction in the Central Texas city of Bryan. The building, which is being constructed on a speculative basis, will be located within the 350-acre Lake Walk master-planned development and will include ground-floor retail space and an onsite parking garage. The borrower is Bryan-based William Cole Cos. Vaughn Construction is the general contractor for The Lumin, which is expected to be complete in spring 2027.

Continue Reading
FacebookTwitterLinkedinEmail
1-N-Dale-Mabry-Tampa
AcquisitionsFloridaOfficeSoutheast

Joint Venture Purchases 13-Story Office Tower in Tampa’s Westshore Neighborhood

by Abby Cox

TAMPA, FLA. — A joint venture between Enverra Real Estate Partners and a New York City-based family office has acquired 1 North Dale Mabry, a 13-story, 260,000-square-foot office tower in the Westshore submarket of Tampa. The seller and sales price were not disclosed, but Business Observer Florida reports that Bridge Investment sold the property in a short-sale for $40 million, roughly five years after acquiring the property for $56.5 million. The office property offers floor-to-ceiling windows, a fitness center, conference facility and a renovated lobby. Additionally, 1 North Dale Mabry is home to various tenants such as Travelers Insurance, Marsh & McLennan Agency, Rissman Law Firm, Ideal Image and PCL Construction. Atlanta-based Enverra plans to invest $4 million to elevate the property with a coffee bar, landscaped outdoor terrace and upgrades to the current fitness center, conference facilities and other common areas.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIllinoisLeasing ActivityMidwestOfficeRetail

Inspired by Somerset Development Launches Leasing for West Side of Bell Works Chicagoland

by Kristin Harlow

HOFFMAN ESTATES, ILL. — Inspired by Somerset Development has launched leasing for the West Side of Bell Works Chicagoland in Hoffman Estates. The project’s first phase has reached 98 percent occupancy. The former AT&T campus now features a mix of office, retail, dining, residences and hospitality. The redeveloped West Side will include more than 500,000 square feet of new space, including 430,000 square feet of traditional office space with approximately 35,000 square feet dedicated to 16 fully furnished “Ready-to-Wear” suites. These suites are available for flexible short- and long-term leases ranging from 1,000 to 4,000 square feet. A conference center with five conference rooms will accommodate up to 370 people. There will also be 70,000 square feet of retail space. Completion of the West Side is slated for the third quarter of 2026. The East Side now has only 10,000 square feet of space remaining, including an 1,800-square-foot “Ready-to-Wear” suite and two office spaces. Following recent leases from Arjo, Convergint and WT Group, a combined 785 additional employees are at the campus on a daily basis.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew YorkNortheastOffice

Law Firm Signs 18,820 SF Office Lease at 500 Park Avenue in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Law firm Rottenstreich Farley Bronstein Fisher Potter & Hodas LLP has signed an 18,820-square-foot office lease at 500 Park Avenue in Midtown Manhattan. The space spans the entire eighth floor of the 201,000-square-foot building, which is also home to tenants such as Vera Wang, Tom Ford Fashion and The Georgetown Co. Benjamin Blumenthal and Ralph Chattah of Noah & Co. represented the law firm in the lease negotiations. The landlord, SL Green, was self-represented.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew YorkNortheastOffice

Ha Kibbutz to Open 17,610 SF Coworking Space in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Ha Kibbutz will open a 17,610-square-foot coworking space at 151 W. 26th St. in Midtown Manhattan. The lease term is 16 years, three months. The space will span the entire sixth floor of the 12-story, 197,336-square-foot building, which was originally constructed in 1912, and will be built out over the next few months. Max Koeppel represented the landlord, Koeppel Rosen, in the lease negotiations on an internal basis. Eric Siegel of LSL Advisors represented Ha Kibbutz.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialMidwestNebraskaOffice

Investors Realty Brokers $8.3M Sale of Old Mill Business Campus in Omaha

by Kristin Harlow

OMAHA, NEB. — Investors Realty Inc. has brokered the sale of Old Mill Business Campus in Omaha for $8.3 million. Located just off the West Dodge Road and I-680 interchange, the 66,273-square-foot, multi-tenant flex building was fully occupied at the time of sale. Ember Grummons and JP Raynor of Investors represented the seller, NewStreet Properties. Nick Suarez of Newmark Zimmer represented the buyer, K.C. Residence LLC.

Continue Reading
FacebookTwitterLinkedinEmail
TwentyFour25-Houston
AcquisitionsOfficeTexas

SLS Properties Buys 284,889 SF Vacant Office Building in Houston

by Taylor Williams

HOUSTON — SLS Properties has purchased TwentyFour25, a 284,889-square-foot vacant office building in Houston’s Galleria district. The 11-story building offers roughly 150,000 rentable square feet across floors two through seven and about 77,000 rentable square feet across floors nine through 11, plus additional space on the first floor. Amenities include a fitness center, conference facilities, tenant lounge and a newly upgraded lobby and other common areas. SLS Properties has also completed numerous upgrades to the building’s systems and plans additional enhancements to the walkway connecting the building to its parking garage. Ownership has tapped Transwestern as the new leasing agent.

Continue Reading
FacebookTwitterLinkedinEmail
Melrose-Professional-Park-Gilbert-AZ
ArizonaDevelopmentHealthcareOfficeWestern

Edward Homes Development Breaks Ground on 120,000 SF Medical Office Park in Gilbert, Arizona

by Amy Works

GILBERT, ARIZ. — Edward Homes Development has broken ground on Melrose Professional Park, a Class A medical and office condominium park on the southeast corner of S. Rome and E. Melrose streets in Gilbert. Tom Weinhold, Sheila Bale and Erika Eckblad of Cushman & Wakefield are handling sales efforts for the project. Upon completion, the 120,000-square-foot asset will feature eight approximately 10,000-square-foot and two 20,000-square-foot medical condominium buildings, offering units ranging from approximately 5,000 square feet to 20,000 square feet. The first delivery is scheduled for April 2026, with phased completion through December 2026. Melrose Professional Park is designed as a single-story, 10-building mixed-use office property. The development will offer designated patient drop-off areas, generator pad accessibility, exterior-loaded buildings and planned building signage. Each unit will be delivered in shell condition with HVAC curbs, allowing for customized build-outs.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNorth CarolinaOfficeSoutheast

Drawbridge Realty Signs Aspida to 89,770 SF Office Lease in Durham

by John Nelson

DURHAM, N.C. — Drawbridge Realty has signed Aspida Financial Services to an 89,770-square-foot lease at Imperial Tower, a 264,598-square-foot office building located at 4820 Emperor Blvd. in Durham. Greg Sanchez, Ryan Gaylord and Robin Roseberry Anders of NAI Tri Properties represented Drawbridge Realty in the lease negotiations. Matthew Cooke and Gardner Gibson of Davis Moore represented Aspida, which plans to occupy the top three full floors of the 11-story office building. Imperial Tower was previously fully occupied by an undisclosed tenant through May 2026 before the tenant broke off its lease and enforced a remote work policy during the COVID-19 pandemic. Drawbridge Realty is underway on a $10 million overhaul of the property, including a new wellness room, tenant lounge and game room, waterside patio, café, golf simulator, fitness center with locker room and shower facilities, athletic fields and pickleball and sport courts. The company is also renovating Imperial Tower’s existing lobby and conference center.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew YorkNortheastOffice

CBRE Negotiates 128,749 SF Office Lease Renewal, Expansion in Lower Manhattan

by Taylor Williams

NEW YORK CITY — CBRE has negotiated a 17-year, 128,749-square-foot office lease renewal and expansion at 55 Water Street, a 4 million-square-foot complex in Lower Manhattan. The tenant, financial services provider GFI Group Inc., has renewed its lease for 63,756 square feet across the entire 10th floor and committed to an additional 64,993 square feet across the entire 11th floor. Howard Fiddle, Bradley Gerla, Evan Haskell and William Hooks of CBRE represented the owner, New Water Street Corp., in the lease negotiations. Jared Horowitz and Hal Stein of Newmark represented GFI Group, which has been a tenant at the complex since 2007.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts