REBusinessOnline

Nuveen Nears Completion of $55M Renovation at Three Office Properties in Miami

MIAMI — Nuveen Real Estate is nearing completion of renovations at three of its office properties in Miami. The assets are located at 801 Brickell and 701 Brickell in the city’s Brickell financial district and at Waterford Business District, a 250-acre office hub that Nuveen co-owns with Allianz Real Estate. The capital improvements total $55 million in value and include digital, touchless features, new tenant amenities, building systems upgrades and other upscale renovations. The three …

Howard Hughes Developing Two New Projects in Las Vegas’ Summerlin Community

LAS VEGAS — The Howard Hughes Corp. has broken ground on two new projects at Summerlin in Las Vegas: 1700 Pavilion and Tanager Echo.Located directly south of the Las Vegas Ballpark, the 10-story 1700 Pavilion will feature 267,000 square feet of office space on three acres. The property will offer touchless entry from the garage to tenant suits and enhanced filtration throughout the building. Completion is slated for third-quarter 2022. The project team for 1700 Pavilion includes Hart …

Colliers Brokers Sale of Historic Office Building in Downtown Indianapolis

INDIANAPOLIS — Colliers International has brokered the sale of The Academy Building in downtown Indianapolis for an undisclosed price. The historic office building, located at 429 E. Vermont St., rises four stories and spans 30,436 square feet. Built in 1911 as the girl’s school St. Mary’s Academy, the property is now 87 percent occupied by 21 tenants. Alex Cantu and Alex Davenport of Colliers represented the seller, The Health Foundation of Greater Indianapolis. Indianapolis-based Shook …

Meridian Group Signs Two Office Tenants to Anchor 1333 New Hampshire Avenue in D.C.

WASHINGTON, D.C. — The Meridian Group has signed two new anchor tenants at 1333 New Hampshire Avenue in the center of Dupont Circle in Washington, D.C. The two office tenants, American Bankers Association (ABA) and the Patient-Centered Outcomes Research Institute (PCORI), together will lease more than half of the 350,000-square-foot building, which is in the final stages of a renovation.ABA, which is moving its headquarters to 1333 New Hampshire from its previous location at 1120 …

PSRS Arranges $31.6M in Acquisition Financing for Five Flex Buildings Near San Diego

SAN DIEGO AND CHULA VISTA, CALIF. — PSRS has arranged $31.6 million in acquisition financing for five multi-tenant buildings in Chula Vista and San Diego’s Mission Valley neighborhood.The portfolio includes four flex industrial/office buildings along Bay Boulevard in Chula Vista and a multi-tenant office building at 5920 Friars Road in San Diego. Tenants include Cox Communications, National University, Fresenius Medical, Bayfront Charter School and West Marine.Financed with a CMBS …

Mindspace Opens 42,000 SF Flexible Workspace in Philadelphia

PHILADELPHIA — Mindspace, a provider of flexible workspace solutions, has opened a 42,000-square-foot space at the Wanamaker Building, a historic property in Philadelphia that was built in 1911 as one of America’s first department stores. Rubenstein Partners LP owns the building in partnership with Amerimar Enterprises. With this location, Mindspace now operates 31 spaces across 16 cities and seven

Foothill Partners, Belay Investment Buy 209,000 SF Redevelopment Project in Sparks, Nevada

SPARKS, NEV. — A joint venture between Foothill Partners and Belay Investment Group has purchased a vacant, 209,000-square-foot former Lowe’s Home Improvement Warehouse property in Sparks for an undisclosed price. The partnership plans to redevelop the site into an environmental, social and corporate governance, arts-based technology, flex and research and development campus named The Oddie District.Located at 2450 Oddie Blvd., the vacant property will be repurposed into creative …

TTEC Holdings Joins Tenant Lineup at Aspiria Office Campus in Overland Park

OVERLAND PARK, KAN. — Global technology company TTEC Holdings is the newest tenant at the Aspiria corporate campus in Overland Park. With over 50,000 employees across the globe, TTEC is looking to bring more than 400 jobs to metro Kansas City. The company will occupy nearly 20,000 square feet at Aspiria, the former Sprint world headquarters campus that is now owned by Occidental Management. TTEC worked with the Kansas City Area Development Council, Overland Park Chamber of Commerce, Kansas …

Avison Young Brokers $58.9M Sale of Pinnacle Corporate Park in Fort Lauderdale

FORT LAUDERDALE, FLA. — Avison Young has brokered the $58.9 million sale of Pinnacle Corporate Park, a two-building, Class A office portfolio located at 500 and 550 W. Cypress Creek Road in Fort Lauderdale. The portfolio totals 259,458 square feet on 14.3 acres in Broward County’s Cypress Creek submarket.Avison Young arranged the sale on behalf of the seller, a joint venture between a fund managed by DRA Advisors LLC and Banyan Street Capital. The buyer, an affiliate of St. Petersburg, …

Granite Properties Signs Three Tenants to Office Leases Totaling 34,000 SF in Plano

PLANO, TEXAS — Development and investment firm Granite Properties has signed three tenants to office leases totaling 34,000 square feet at Granite Park, its office 90-acre development situated at the corner of the Dallas North Tollway and State Highway 121 in Plano. The tenants included The Point Group, a full-service marketing agency that was represented in the lease negotiations by Nick Lee and Jeremy Brubaker of NAI Robert Lynn; Digital.ai, a software application firm that was represented …

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