PLANO, TEXAS — Lockton has signed a 52,961-square-foot office lease at Granite Park in Plano. The insurance brokerage giant is taking two full floors at the newly constructed Granite Park 6, a 19-story, 422,109-square-foot building, with occupancy slated for 2026. Mike Mayer and Josh Goldsmith of Cushman & Wakefield, along with Dan Harris and Randy Cooper of Stream Realty Partners, represented Lockton in the lease negotiations. Robert Jimenez, Burson Holman and Elizabeth Fortado of Granite Properties internally represented the landlord, which owns the asset in partnership with Highwoods Properties.
NEW YORK CITY — Aaronson Rappaport Feinstein & Deutsch LLP has signed a 15-year, 42,764-square-foot office lease extension in Midtown Manhattan. The deal keeps the law firm on the entire fifth and sixth floors at 600 Third Avenue, a 575,254-square-foot building that was originally constructed in 1970, through 2042. Mark Weiss and David Mainthow of Cushman & Wakefield, along with Larry Bank of Matador Capital Management, represented the tenant in the lease negotiations. Jonathan Tootell, Tanya Grimaldo and Giannina Brancato represented the landlord, L&L Holding Co., on an internal basis.
TUCSON, ARIZ. — SAFME Holdings LLC has purchased 10,000 square feet of office space at 1575 E. River Road in Tucson from Rabb Investments LLC for $2.3 million. Richard Kleiner and Alexis Corona of Cushman & Wakefield | PICOR represented the seller, while Kyle Kilgore of NAI Horizon, Tucson, represented the buyer.
CHICAGO — Friedman Properties has completed the first phase of renovations at the Reid Murdoch Building in Chicago’s River North neighborhood. The improvements included renovations to the lobby, corridors, restrooms and elevator cabs, as well as a new fully furnished, riverfront speculative office suite. Friedman acquired the eight-story, 320,000-square-foot building in 1998 and completed initial redevelopment in 2002. The property is listed on the National Register of Historic Places and has been designated a Chicago Landmark. The Reid Murdoch Building was originally constructed in 1914 as office, warehouse and manufacturing facilities for Reid, Murdoch & Co., one of the country’s largest wholesale grocers. The city purchased the property in 1955 to house traffic courts and other municipal offices, a use it retained until Friedman’s acquisition. Designed by George Nimmons, the building is a notable example of the “Chicago School” of architecture, with a red brick façade and decorative terra-cotta embellishments covering a steel-and-concrete skeleton. In 1926, the property’s symmetry was adjusted to accommodate the widening of LaSalle Street, reducing the side of the building west of the central tower to five window bays, while the east side retained its original six. The lobby now features a mix of exposed ceilings …
HOUSTON — Local brokerage firm Oxford Partners has negotiated a 20,974-square-foot office sublease in West Houston. According to LoopNet Inc., the building at 11750 Katy Freeway is a 17-story, 430,000-square-foot structure that was completed in 2015. Ryan Hartsell of Oxford Partners represented the sublessee, law firm Oliva Gibbs LLP, in the negotiations. Albert Spiers and Chris Oliver of Cushman & Wakefield, along with Mark Reilly of JLL, represented the undisclosed sublessor. Steve Bryant of Mac Haik Enterprises represented the landlord, an entity doing business as Energy Tour IV Investments Ltd.
STAMFORD, CONN. — Newmark has arranged a $133 million loan for the refinancing of The Link, an office building located at 200 Elm St. in the southern coastal Connecticut city of Stamford’s downtown area. According to LoopNet Inc., The Link totals 588,345 square feet. The property was built in 1984 and underwent a $50 million renovation in 2023 that reimagined the lobby, modernized the elevators and upgraded the common areas. Jordan Roeschlaub, Nick Scribani and Chris Kramer of Newmark arranged the loan on behalf of the borrower, a partnership between A.M. Property Corp. and Northeast Capital Group. Deutsche Bank and Urban Standard provided the debt.
NEW YORK CITY — Locally based investment and development firm Savanna has acquired a 95,000-square-foot office building in the Meatpacking District of Lower Manhattan for $85 million. The building at 430 W. 15th St. rises eight stories and includes 8,000 square feet of outdoor terrace space following a renovation in 2015. Will Silverman, Alana Bassen, Gary Philips and Jeff Organisciak of Eastdil Secured represented the undisclosed seller in the transaction. Adam Kopald of law firm Goodwin Procter acted on behalf of Savanna. The building was fully leased at the time of sale.
HOUSTON — Colliers has brokered the sale of a 135,641-square-foot office building in the Uptown/Galleria area of Houston. According to LoopNet Inc., the eight-story building at 675 Bering Drive was originally constructed in 1982 and renovated in 1999. David Carter of Colliers represented the seller and procured the buyer, both of which requested anonymity, in the transaction. The building was 76 percent leased at the time of sale. The sales price was also not disclosed.
HOUSTON — SM Energy has signed a 20,324-square-foot office lease expansion in Houston’s Energy Corridor area. The independent oil and gas provider will soon occupy 41,454 square feet across two newly renovated floors at One Eldridge, a 12-story, 245,315-square-foot building that is part of a larger campus owned by Granite Properties. Steven Mulhern of Mulhern Co. and Bill Scott of Real Estate One represented SM Energy in the lease negotiations. Jon Dutton and Andrew Elliott represented Granite Properties on an internal basis.
GILBERT, ARIZ. — CBRE has brokered the sale of The Forum at Gilbert Ranch, a Class A, 97,000-square-foot office campus in Gilbert. A private, high-net-worth 1031 exchange investor acquired the asset from a private seller for $23.5 million. The Forum at Gilbert Ranch consists of a single-story building and four two-story buildings, with an average suite size of 4,500 square feet. Additionally, the property offers onsite amenities and covered parking. The asset is situated on 6.5 acres at 1475, 1482, 1528 and 1530 E. Williams Field Road and 2314 S. Val Vista Drive. At the time of sale, the property was 96 percent leased. Geoff Turbow, Anthony DeLorenzo, Matt Pourcho and Charlie von Arentschildt of CBRE represented the seller in the deal. The buyer was self-represented.