Office Archives - REBusinessOnline

Partnership Underway on 152,894 SF Office Project in Mansfield, Texas

Taylor Williams — Thu, 15 Oct 2026 14:47:57 +0000

MANSFIELD, TEXAS — A partnership between two developers, Texas-based Admiral Legacy Investments and Florida-based Foundry Commercial, is underway on construction of a 152,894-square-foot office project in Mansfield, a southern suburb of Fort Worth. Located within the Mansfield Innovation District, the project represents Phase IA of a larger, 18-acre mixed-use development. The building will rise five stories and will also be able to support healthcare and research-and-development uses. BOKA Powell is the project architect, and Moss is the general contractor. Wier & Associates is the civil engineer, and Stream Realty Partners is the leasing agent. A tentative completion date was not announced.

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Sapir Organization Receives $105M Loan for Refinancing of Midtown Manhattan Office Building

Taylor Williams — Thu, 15 Oct 2026 14:12:09 +0000

NEW YORK CITY — Local owner-operator The Sapir Organization has received a $105 million loan for the refinancing of 261 Madison Avenue, a 398,000-square-foot office building in Midtown Manhattan. The 28-story building was constructed in 1954 and is home to tenants such as printing company RR Donnelley, coworking concept Industrious, labor union SAG-AFTRA and Japanese restaurant Zuma. The Sapir Organization also houses its headquarters within the building. Anthony Orso, Ari Schwartzbard and Clifford Welden of Newmark arranged the loan through Genesis Credit, a New York-based private real estate credit and investment firm, on behalf of ownership.

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St. Louis Office Market: Slow But Steady

Kristin Harlow — Thu, 15 Oct 2026 12:30:00 +0000

By Tony Kennedy, Colliers | St. Louis St. Louis is more than the Gateway Arch and the St. Louis Cardinals (although those are two pretty awesome things to have). With a robust and diversified economy, St. Louis continues to be a steady performer across all sectors predominantly in manufacturing, financial services, healthcare, biotech, energy and education. St. Louis ranks as the 23rd-largest metro area in the U.S. with an unemployment rate of 4.1 percent versus the national average of 4.4 percent. St. Louis doesn’t have high highs or low lows; rather it is the tortoise and not the hare when it comes to economic growth. And when it comes to real estate, the St. Louis office market follows a similar path and continues to show steady trends across key indicators. Overall, office vacancy continues to hover around 25 percent with some submarkets performing better than others. The Clayton submarket remains the “darling” of the St. Louis region with virtually no large blocks of space available and robust demand outweighing supply. With a Class A vacancy rate of 14 percent (about half the region’s average), Clayton landlords continue to push rates upward. Clayton office lease rates are hovering in the low…

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Economos DeWolf Brokers $15.7M Sale of Office Property in Irvine, California

Amy Works — Wed, 14 Oct 2026 12:58:58 +0000

IRVINE, CALIF. — Economos DeWolf has arranged the sale of an office building located at 2391 Morse Ave. in Irvine. The property traded for $15.7 million, or $707 per square foot. Steve Economos and Geoff DeWolf of Economos DeWolf represented the undisclosed seller and buyer in the deal. The 22,193-square-foot building, formerly headquarters of RiverRock Real Estate Group, is renovated and offers 5 Freeway frontage.

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Primoris Services Signs 25,352 SF Office Lease in Sugar Land, Texas

Taylor Williams — Tue, 13 Oct 2026 15:13:04 +0000

SUGAR LAND, TEXAS — Primoris Services Corp. (NYSE: PRIM) has signed a 25,352-square-foot office lease in the southwestern Houston suburb of Sugar Land. The provider of contractor services for the energy industry is taking space on the eighth floor of the building at 2150 Town Square Place, which is part of the Sugar Land Town Square mixed-use development. Primoris was self-represented in the lease negotiations. Bubba Harkins, Jenny Sealy and Joel Douthit of CBRE represented the undisclosed landlord.

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Center for Justice Innovation Signs 34,300 SF Office Lease Expansion, Extension in Midtown Manhattan

Taylor Williams — Tue, 13 Oct 2026 14:08:43 +0000

NEW YORK CITY — The Center for Justice Innovation has signed a 34,300-square-foot office lease expansion and extension at 520 Eighth Avenue in Midtown Manhattan. The nonprofit organization has been a tenant at the 26-story building since 1999 and is relocating from three non-contiguous floors to a portion of the 18th floor and the entire 19th floor via a 20-year extension. Stephen Powers and Jake Cinti of OPEN Impact Real Estate represented the tenant in the lease negotiations. Matthew Mandell represented the landlord, GFP Real Estate, on an internal basis.

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Sentinel Technologies Inks Full-Building Headquarters Lease in Lisle, Illinois

Kristin Harlow — Tue, 13 Oct 2026 13:36:20 +0000

LISLE, ILL. — Sentinel Technologies has signed a full-building headquarters lease totaling 63,409 square feet at Corporetum Office Campus X in Lisle. Sentinel will occupy the four-story building with its office, research and development, and technology lab functions under one roof. The company is expected to relocate in the first quarter of 2027 from its current headquarters in Downers Grove, approximately one mile away. The move marks Sentinel’s first headquarters relocation in more than 30 years. Jordan Decker and Brian Duffy of Stream Realty Partners represented Sentinel in the lease. David Florent and Brent Jacobs of Colliers represented the landlord, Napleton Automotive Group. As part of the new lease, the building will undergo significant capital improvements to support Sentinel’s operations and long-term occupancy.

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Anderson Real Estate Completes $550M Refinancing for Two Office Towers in Los Angeles

John Nelson — Tue, 13 Oct 2026 12:00:00 +0000

LOS ANGELES — Anderson Real Estate, a private, family-owned real estate development and management firm, has completed the $550 million refinancing of Anderson Towers, the company’s two-building office campus in Los Angeles’ Century City neighborhood. Eastdil Secured Savills arranged the financing on behalf of Anderson. Wells Fargo served as primary lender and servicer, while JPMorgan Chase was secondary lender in the refinancing. Legal counsel for the transaction included Allen Matkins for Anderson Real Estate and Hogan Lovells Cadwalader for the lenders. Since 2021, Anderson Real Estate has invested more than $300 million into renovations at Anderson Towers, which is located at 1800 and 1900 Avenue of the Stars. “We’ve invested in Anderson Towers because we believe deeply in the long-term strength of Century City and in creating office environments that will continue to attract leading companies to Los Angeles,” says Matt Lavin, executive chairman of Anderson Real Estate. “This financing represents another important milestone for Anderson Towers and underscores our long-term commitment to these properties and the broader Los Angeles community.” Anderson Real Estate completed its comprehensive renovations at Anderson Towers last year. David Montalba of Montalba Architects and Dillon Diers of OJB Landscape Architecture led the redesign, which included modernized…

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Marcus & Millichap Brokers $3.1M Sale of The Center at Evergreen Office Property in Colorado

Amy Works — Mon, 12 Oct 2026 14:57:57 +0000

EVERGREEN, COLO. — Marcus & Millichap has arranged the sale of The Center at Evergreen, an office property in Evergreen. Good Signature sold the asset to Divine Homes for $3.1 million. Chadd Nelson and Brandon Kramer of Marcus & Millichap represented the seller, while Clayton Primm of Marcus & Millichap represented the buyer in the deal. Situated on 3 acres at 2922 Evergreen Parkway, The Center Evergreen features 45,729 square feet of office space. At the time of sale, the property was 80 percent occupied, with U.S. Bank being a tenant at the property since 1980.

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Coil Construction Underway on 70,000 SF Headquarters Expansion for EquipmentShare in Columbia, Missouri

Hayden Spiess — Mon, 12 Oct 2026 14:45:42 +0000

COLUMBIA, MO. — Coil Construction has broken ground on the expansion of the corporate headquarters for EquipmentShare.com Inc. (Nasdaq: EQPT), a construction technology and equipment rental company based in Columbia. The new 70,000-square-foot, two-story facility will provide space for up to 300 team members. Designed to foster collaboration and efficiency, the building will feature an executive business center, multi-purpose large meeting and event spaces, and a full-service corporate cafeteria. This expansion provides the physical room required to fulfill EquipmentShare’s previously announced commitment of bringing 500 new jobs to the region. Built with sustainability in mind, the facility is designed to accommodate photovoltaic solar panels and electric vehicle charging installations. Upon completion of the facility, EquipmentShare’s main corporate campus will encompass three facilities totaling 170,000 square feet. The campus sits near the company’s original equipment rental branch and its central distribution center, which supplies parts, technology and consumables to customers and over 430 EquipmentShare locations nationwide. EquipmentShare maintains more than 15 rental, R&D and corporate facilities operating statewide. Construction of the new facility is expected to be completed in mid-2028, with a formal grand opening event to follow.

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Alera Group Signs 13,668 SF Office at Lease in Northwest San Antonio

Taylor Williams — Fri, 09 Oct 2026 16:27:51 +0000

SAN ANTONIO — Alera Group has signed a 13,668-square-foot office lease in northwest San Antonio. The insurance and financial services company is taking space on the 10th floor of Concord Plaza, a development that consists of an 11-story office tower, a three-story corporate building and ground-level retail. Steve Thomas and Alyse Sellers of Stream Realty Partners represented the landlord, Milam Real Estate Capital, in the lease negotiations. Bryan Sethney of Cushman & Wakefield represented Alera Group.

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Duracell Opens Regional Office at Science Square Labs in Midtown Atlanta

Abby Cox — Fri, 09 Oct 2026 13:38:54 +0000

ATLANTA — The Duracell Co. has relocated its Global Headquarters for Research and Development to Science Square Labs, a 368,213-square-foot laboratory and office tower in Midtown Atlanta. Duracell’s relocation from Bethel, Conn., stems from a multi-year initiative first announced by Georgia officials in February 2025. The project represents a $56 million investment and is projected to generate 100 new jobs in the state. The facility is officially open and operational following a ribbon-cutting ceremony attended by Mayor Andre Dickens. The Atlanta center serves as Duracell’s global innovation hub, where scientists and engineers work across materials science, cell design, laboratory prototyping and device characterization to advance battery performance, quality and safety. Phase I of Science Square, which is anchored by the 13-story Science Square Labs, was delivered in 2025. At full build-out, the district’s master plan allows for approximately 1.8 million square feet of lab and office space, 500 residences and 25,000 square feet of retail space. Additional tenants at Science Square Labs include Georgia Tech and Emory biomedical engineering faculty labs, a Shriners Children’s research institute and utility infrastructure services company Osmose. Science Square Labs is developed and owned by the Trammell Crow Company (TCC) in a joint venture with Georgia…

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Jemal Real Estate, DivcoWest Plan Office-to-Residential Conversion in D.C.’s West End

Abby Cox — Fri, 09 Oct 2026 13:35:09 +0000

WASHINGTON, D.C. — Jemal Real Estate Strategies and DivcoWest have formed a joint venture to complete an office-to-residential conversion project in Washington, D.C.’s West End district. Madison Realty Capital provided a $40 million loan to fund the acquisition and predevelopment costs. Upon completion of the project, the existing 342,000-square-foot office building located at 1255 23rd St. NW will feature approximately 323 apartments, as well as up to 36 affordable units. Roughly 22,000 square feet of ground-floor retail space will remain in place. Additional project details will be announced as plans advance. The project team includes FILLAT+ Architecture and CBG Building Co.

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Law Firm Signs 50,802 SF Office Lease in Downtown Dallas

Taylor Williams — Thu, 08 Oct 2026 15:01:11 +0000

DALLAS — Law firm Carrington, Coleman, Sloman & Blumenthal LLP has signed a 50,802-square-foot office lease in downtown Dallas. The firm is relocating from Bank of America Plaza to the 18th and 19th floors of the Dallas Arts Tower, a 55-story building located at 2200 Ross Ave. Phil Puckett and Harlan Davis of CBRE represented the firm in the lease negotiations. J.J. Leonard of Partners Real Estate and Matt Wieser of Stream Realty Partners represented the landlord, Fortis Property Group.

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BRUNT Workwear Signs 56,000 SF Lease at Mixed-Use Property in Wilmington, Massachusetts

Taylor Williams — Thu, 08 Oct 2026 14:29:18 +0000

WILMINGTON, MASS. — BRUNT Workwear has signed a 56,000-square-foot lease in the northern Boston suburb of Wilmington. The space is located within the property at 299- 301 Ballardvale St., which can support industrial, office and life sciences uses, and will serve as the apparel retailer’s new headquarters. Brian McKenzie and Christian Vallis of CBRE represented the landlord, a partnership between Camber Development and GEM Realty Capital, in the lease negotiations. Derek Losi and Nathaniel Heilbron of Cresa represented the tenant.

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JLL Arranges Sale of 10-Story Office Building in Northern Virginia’s Tysons Region

John Nelson — Thu, 08 Oct 2026 14:25:32 +0000

MCLEAN, VA. — JLL has arranged the sale of a 10-story, Class A office building located at 8270 Greensboro Drive in McLean, part of Northern Virginia’s Tysons submarket. Andrew Weir, Kevin Byrd, Jim Meisel, Dave Baker and Trey Ramsey of JLL represented the seller, Nuveen Real Estate, in the transaction. Onward Investors purchased the 166,393-square-foot office building for an undisclosed price. Built in 1999 and renovated in 2021, 8270 Greensboro Drive was 96 percent leased at the time of sale to 13 tenants. Amenities include a redesigned lobby and elevator entrance, tenant lounge and kitchenette with a 100-person indoor/outdoor conference center, furnished outdoor patio, renovated common corridors and a restaurant on the ground level.

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Yamaha Motor Corp. Sells 25-Acre Headquarters Campus in Cypress, California

Amy Works — Thu, 08 Oct 2026 13:50:05 +0000

CYPRESS, CALIF. — Yamaha Motor Corp. U.S.A. has sold its former U.S. headquarters at 6555 Katella Ave. in Cypress, located in Orange County. Terms of the transaction were not released. Patrick Barnes, Paul Clark, Nick Slonek and Jae Estep of Avison Young represented Yamaha in the deal. Situated on 25 acres, the infill, industrial-zoned campus includes three buildings — one industrial, one flex and one office — totaling approximately 278,964 square feet and occupying an entire city block with three points of access from Katella Avenue, Holder Street and Yamaha Way. The campus has served as Yamaha’s U.S. headquarters since 1979. As part of a planned corporate relocation to Kennesaw, Ga., Yamaha will lease back the entire property through Dec. 31, 2028.

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Minneapolis-St. Paul: Everything Everywhere All at Once

Kristin Harlow — Thu, 08 Oct 2026 12:30:00 +0000

By Teresa Borgen, Newmark From record-high leasing rates to historically low office sales volume, the Minneapolis-St. Paul market continues to present a complex and evolving landscape. Still recovering from lasting effects of COVID-19 and civil unrest during 2020, some submarkets are thriving, while others continue their gradual recovery. Here’s a synopsis of what’s happening in the market. The haves and have-nots While the Minneapolis central business district (CBD) has been among the slowest downtown office markets in the U.S. to recover since the pandemic turmoil of 2020, recent activity suggests the submarket is showing signs of revival. Several high-profile relocations among national law firms underscore the trend, with firms such as Husch Blackwell, Cozen O’Connor, Faegre Drinker, Saul Ewing and Robins Kaplan making long-term commitments, some even growing their footprint. The Minneapolis CBD has also attracted several recent relocations from the suburbs, with tenants like HNTB, Yardstik and Pepper Foster Consulting moving for enhanced accessibility to public transit and easier opportunities for growth. Given the migration to suburban office markets between 2020 and 2022, these moves and expansions are encouraging signs for the Minneapolis CBD, as well as other downtown markets in the U.S. While these developments are certainly…

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Miami Design District Associates, BH3 Partner to Develop 20-Story Office Building

John Nelson — Wed, 07 Oct 2026 15:15:25 +0000

MIAMI — Miami Design District Associates and BH3 Management have formed a joint venture to develop The Ursa, a 20-story office tower in Miami’s Design District. The development was previously announced, but the newly formed joint venture has expanded the square footage of the project’s original vision by 40 percent. Designed by Arquitectonica and Arsham Studio, The Ursa will include 250,000 square feet of Class A office space with 14-foot ceilings and a suite of amenities, including an amenity deck, art installations and fitness facilities. The property will also include 15,000 square feet of ground-level retail space and onsite parking. Construction is expected to begin in 2027, with completion anticipated in 2029.

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Department of War Signs 23,600 SF Office Lease in Carle Place, New York

Taylor Williams — Wed, 07 Oct 2026 14:08:04 +0000

CARLE PLACE, N.Y. — The U.S. Department of War has signed a 10-year, 23,600-square-foot office lease in Carle Place, located on Long Island. The space is located within the 320,000-square-foot, newly repositioned building at 1 Old Country Road, and the federal cabinet plans to take occupancy early next year. Kelly Koukou of Lee & Associates represented the landlord, DBD Realty Group, in the lease negotiations. Ralph Guiffre, Vince Lamatta and Richard Freel of CBRE represented the tenant.

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