Office

NCR to Expand Upcoming Headquarters Campus in Midtown Atlanta With $145M Tower

by John Nelson September 14, 2016

ATLANTA — NCR Corp., a global finance technology firm, plans to expand its new world headquarters campus currently under construction in Midtown Atlanta. The $145 million expansion will add a 14-story tower, which will be connected to a 20-story office tower that is set to open in the first quarter of 2018. The second tower is scheduled to be ready for occupancy in the first quarter of 2019. Currently headquartered in Duluth, Ga., NCR will bring more than 1,800 employees to the headquarters campus, which will feature amenities such as eateries with outdoor seating, a coffee bar, gym, informal gathering places and a large lecture space. NCR and Cousins Properties entered into a long-term, build-to-suit lease for the second tower, which will be owned and developed by Cousins, as is the first tower. NCR, the Georgia Department of Economic Development and Invest Atlanta have agreed on additional incentives for the new tower.

September 14, 2016

North Carolina Office Southeast

Childress Klein, Crosland Southeast Begin Construction on Office Building Within Waverly in Charlotte

by John Nelson September 14, 2016

CHARLOTTE, N.C. — Charlotte-based developers Childress Klein and Crosland Southeast have begun construction on The Hub, a six-story, 154,000-square-foot office building within the Waverly in south Charlotte. Designed by RJT+R, the building will feature exposed ceilings; modern lobbies and restrooms; a four-level, 840-space parking garage; and flexible floor plans. The Waverly is a 90-acre mixed-use development located at the intersection of Providence and Ardrey Kell roads. General contractor Shelco LLC expects to deliver The Hub in May 2017. Childress Klein and Crosland Southeast are co-developing the office building, the first of two within Waverly, in partnership with the Matthews family.

September 14, 2016

Georgia Office Southeast

Avison Young Arranges 62,000 SF Office Lease in Metro Atlanta

by John Nelson September 14, 2016

MARIETTA, GA. — Avison Young has arranged a nearly 62,000-square-foot lease for office space at 1600 Terrell Mill Road in Marietta, a northwest suburb of Atlanta. The tenant, First Data Corp., is a publicly traded finance technology firm. First Data signed the seven-year lease agreement with the undisclosed owner. Ben Parker, Rick Nash and Jillian Woodliff of Avison Young’s Atlanta office represented the owner in the lease transaction.

September 14, 2016

Illinois Midwest Office

McShane Breaks Ground on 56,300 SF Office/Showroom for TRUMPF in Metro Chicago

by John Nelson September 14, 2016

HOFFMAN ESTATES, ILL. — McShane Construction Co. has broken ground on a 56,300-square-foot office and showroom property for TRUMPF, a German manufacturer of fabricating equipment and industrial lasers. The asset will be located on a five-acre site within the Huntington 90 business park in Hoffman Estates, a suburb of Chicago. Berlin-based architect Barkow Leibinger designed the asset, which will feature 30,250 square feet of office space, a 26,050-square-foot open showroom, central courtyard and parking for 50 vehicles. McShane Construction plans to deliver the building in the summer of 2017. Heitman Architects Inc. is serving as the architect of record for the project.

September 14, 2016

California Office Western

Gramercy, TPG Form Partnership, Purchase $187.5M Office Portfolio

by Nellie Day September 14, 2016

LOS ANGELES — Gramercy Property Trust and TPG Real Estate have formed Strategic Office Partners, a platform that will acquire single-tenant office assets in high-growth U.S. metro regions. The platform’s inaugural purchase was a six-property office portfolio valued at $187.5 million. The portfolio contains a total of 1 million square feet of single-tenant, net lease office assets in metro Los Angeles, San Francisco Bay and San Diego. It also includes assets in Nashville and Minneapolis. The buildings have an average tenant tenure of more than 11 years. Half of the assets have been occupied by the original tenant since the buildings were constructed. The weighted average remaining lease term was 3.6 years at closing. Gramercy and TPG committed $400 million to the new venture and secured a $200 million non-recourse credit facility from Morgan Stanley. Strategic Office Partners plans to buy up to $1 billion in assets over a three-year period.

September 14, 2016

Office Texas

American College of Emergency Physicians Opens New Headquarters in Irving

by Haisten Willis September 13, 2016

IRVING, TEXAS — The American College of Emergency Physicians (ACEP) has opened its new headquarters facility in Irving. ACEP is a national medical specialty organization representing physicians who practice emergency medicine. The new facility encompasses 60,000 square feet at 4950 W. Royal Lane and includes offices for roughly 150 ACEP executives, staff and volunteers. The space also provides training, meeting and collaboration space and an on-site walking trail. Dallas-based architecture and interior design firm BOKA Powell designed the building and Structure Tone Southwest was the project’s general contractor. The ACEP headquarters project team also included Swearingen Realty Group (brokerage/interiors project management), Cawley Partners (developer), RLG Consulting Engineers (civil and structural engineering), Purdy-McGuire Inc. (mechanical, electrical and plumbing engineering) and Belle Firma (landscape design). ACEP employees moved into the space in late August.

September 13, 2016

Georgia Office Southeast

Honeywell to Develop $20M Software Center in Midtown Atlanta

by John Nelson September 13, 2016

ATLANTA — Honeywell International Inc., a global technology company with ties to the aerospace and homebuilding industries, plans to build its Software Center in Midtown Atlanta, bringing more than 730 jobs software-focused jobs to the area over the next five years. The $20 million development will also house the company’s Home and Building Technologies headquarters, which will bring an additional 100 jobs to Atlanta while continuing to maintain a presence in Minnesota. Honeywell intends to invest $19 million in the site, which is set to open in the fourth quarter of this year. The company will also use $2 million in grants from the state of Georgia and Invest Atlanta, the city of Atlanta’s economic development arm. Honeywell also expects to use tax credits totaling more than $10 million, assuming the company hires as scheduled.

September 13, 2016

New York Northeast Office

Rudder Property Group Closes Office, Retail Sales Totaling $72.1M in NYC

by Amy Works September 13, 2016

NEW YORK CITY — Rudder Property Group has brokered a number of office and retail property sales, including seven that total $72.1 million at 866 United Nations Plaza in New York. Systems Property Development acquired the retail and garage portion of the building for $31.1 million. Glenn Tolchin of JLL represented the seller in the transaction. Michael Rudder and Mike Heller of Rudder Property Group represented the seller in the office condominium sales: The National Spiritual Assembly Of the Baha’is of the United States acquired a 9,938-square-foot office condominium for $12.4 million. James Saunders of Newmark Grubb Knight Frank represented the buyer in the deal. The Government of Monaco purchased a 7,031-square-foot office space for $9 million. Steven Kaufman of Hanley Advisors represented the buyer. MGRM Holding Inc. bought a 3,563-square-foot office condo for $3.6 million. Mike Bhuiyan of DJK Residential represented the purchaser. The Egyptian Building Fund Authority and the Ministry of Egyptian Foreign Affairs acquired a 10,200-square-foot office space for $8.2 million. Joshua Sloyer of Douglas Elliman and Tahani Elrafei of McBride Agency Realtors represented the buyer. The Permanent Mission of the Republic of Djibouti to the United Nations purchased a 4,643-square-foot office condo for $4.9 million. The Military …

September 13, 2016

Connecticut Northeast Office Retail

Vidal/Wettenstein Negotiates Three Sales Totaling $7.9M in Connecticut

by Amy Works September 13, 2016

WILTON, FAIRFIELD AND WESTPORT, CONN. — Westport, Conn.-based Vidal/Wettenstein has arranged the sales of three properties in Connecticut. In the first transaction, North American Pharmacal sold an office building located at 213 Danbury Road in Wilton for $2.1 million. The name of the buyer was not released. David Fugitt and Bruce Wettenstein of Vidal/Wettenstein represented the seller in the transaction. In the second deal, E&J Twin Properties acquired a multi-tenant office building, located at 303 Linwood Ave. in Fairfield, for $1.8 million. Randy Vidal was the listing broker. In the final transaction, Fin-Max Realty LLC acquired a Shake Shack property, located at 1849 Post Road East in Westport, for nearly $4 million. Robert Lewis represented the buyer and undisclosed seller in the deal.

September 13, 2016

Michigan Midwest Office

Friedman Arranges 7,680 SF Office Lease in Livonia, Michigan

by Amy Works September 13, 2016

LIVONIA, MICH. — Friedman Integrated Real Estate Solutions has brokered the lease of 7,680 square feet of office space at Seven Mile Crossing II, located at 38701 Seven Mile in Livonia. Trinity Health – Michigan leased the space from Universal Properties 3. Based in Livonia, Trinity Health – Michigan is a multi-institutional Catholic health care delivery system. Steven Eisenshtadt and Todd Hawley of Friedman represented the landlord in the deal.

September 13, 2016

Newer Posts

Older Posts