DAKOTA DUNES, S.D. — Architecture, engineering, environmental and planning firm ISG has opened a new office in Dakota Dunes within southeast South Dakota. Months after establishing a presence in Pierre, ISG says the expansion enhances its ability to serve communities across the state and the broader Siouxland region encompassing Iowa and Nebraska. ISG is currently engaged in several projects and partnerships in Dakota Dunes while the local team enhances the firm’s expertise in refrigeration and industrial food. A ribbon cutting and open house for the new office will take place Thursday, Aug. 22. ISG maintains offices in Iowa, Minnesota, Wisconsin, South Dakota and Arkansas.
METAIRIE, LA. — Seven new tenants have signed leases totaling 35,589 square feet at Lakeway Center, a 1.2 million-square-foot office development located in Metairie, roughly six miles outside downtown New Orleans. Expeditors International, Elliot Bay Design Group and Fleur de Lis Event Designs will join the One Lakeway building occupying 3,473; 2,274; and 1,254 square feet, respectively. Ardurra Group, Sisun and Guilbault Capital have signed leases for 6,144; 6,874; and 1,703 square feet at Two Lakeway, respectively. At Three Lakeway, Array Petroleum has signed a 12,867-square-foot lease. The Feil Organization is the landlord of Lakeway Center, which features amenities including a health club, restaurant, café, coffee shop, copy shop, conference center and a sundry shop. A Marriott hotel is also located at the property. Bruce Sossaman of Corporate Realty represented the landlord in all seven lease transactions.
AUSTIN, TEXAS — Los Angeles-based investment firm Stockdale Capital Partners has acquired a five-story, 129,382-square-foot medical office building in Austin’s Mueller District. According to LoopNet Inc., the building at 1401 Philomena St. was originally constructed in 2022. The property also includes an attached 559-space parking garage. The seller and sales price were not disclosed.
SAN JOSE, CALIF. — PMB and Santa Clara Valley Healthcare (SCVH) have announced plans for Valley Health Center San Jose (VHC San Jose), a 10-story medical office building in San Jose. The development is slated for completion in late 2025. Located at 1410 S. Bascom Ave., the 230,000-square-foot facility will have 16 departments offering healthcare for adult medicine, OB/Gyn subspecialties, adult urgent care, behavioral health, dental, diagnostic imaging, facility support services, maternal and fetal medicine, patient support services, pediatric primary care, pediatric subspecialties, pediatric urgent care, pharmacy, specimen collection lab and administration. VHC San Jose is located near Valley Transport Authority’s forthcoming Bascom Station and an under-construction, 590-unit residential project. The project team for VHC San Jose includes WRNS Studio and Boulder Associates as architects, South Bay Construction as general contractor, Harrison Street as equity partner and Capital One as the lead bank.
LAS VEGAS — M&R Office has completed the sale of an office building, located at 10781 W. Twain Ave. in Las Vegas, to a private investor for $2.4 million. Marc Magliarditi, Travis Landes and Michael Hsu of CBRE represented the seller in the transaction. Built in 2006, the 4,176-square-foot office building is situated in the master-planned community of Summerlin. The building’s existing floor plan provides efficiency and flexibility for a variety of uses.
TAMPA, FLA. — JLL has arranged a 26,000-square-foot lease at Silo Bend Office Park, a 650,000-square-foot office development located at 150-182 Kelsey Lane in Tampa. Design firm KCI Technologies is the tenant and will be relocating from its existing 17,000-square-foot space at Meridian Crescent Center. Caleb Lewis of JLL represented the tenant in the lease negotiations, and Jeff Lanning of JLL represented the landlord, Workspace Property Trust.
PHOENIX — GMH Communities has unveiled plans for Central Station, a 1 million-square-foot, mixed-use, transit-oriented community in Phoenix. The project will consist of two residential towers that will offer market-rate, student and workforce housing, two levels of below-grade parking, a transit hub, retail space and office space. Adjacent to Civic Space Park and Arizona State University’s downtown Phoenix campus, the 22-story student housing tower will offer 655 beds, and the 33-story residential building will offer 338 units. The project team includes Medistar, Layton Construction, Multistudio and CBRE Investment Management.
CENTENNIAL, COLO. — Marcus & Millichap has arranged the $1.9 million sale of The Office at Yosemite, an office building in Centennial, just south of Denver. Brandon Kramer and Chadd Nelson of Marcus & Millichap represented the seller, a limited liability company, in the deal. Located at 6886 S. Yosemite St., The Office at Yosemite features 15,377 square feet of office space. The property is near Fiddler’s Green Amphitheatre and the Arapahoe Entertainment District.
ST. LOUIS — Global design, architecture, engineering and planning firm HOK has unveiled plans to remain in downtown St. Louis once its lease expires in August 2025. The firm will keep its St. Louis office and 170 employees downtown. HOK currently works out of the Equitable Building at 10 S. Broadway, but is exploring other downtown office locations or the possibility of building out new space in the Equitable Building. HOK’s announcement came following the recent rollout of a new public-private partnership between the City of St. Louis and Greater St. Louis Inc. to accelerate efforts to revitalize the downtown area.
WILMINGTON, DEL. — Incyte, a biopharmaceutical company focused on developing treatments for cancer and other autoimmune diseases, has purchased two office buildings totaling 517,307 square feet in downtown Wilmington. The buildings, which are known as Bracebridge I and III, formerly housed the operations of financial institution MBNA until its merger with Bank of America in 2006. Incyte plans to consolidate more than 300 employees — currently working in Chadds Ford, Pa. — in the newly acquired buildings. The company also plans to hire 500 additional workers in the coming years.