Saturday, June 14, 2025
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AcquisitionsIndustrialMidwestOfficeOhio

Douglas Capital Partners Acquires 385,000 SF Office, Industrial Portfolio in Metro Columbus for $25M

by Kristin Harlow

GROVE CITY AND DUBLIN, OHIO — Michigan-based real estate investment firm Douglas Capital Partners has acquired three Columbus-area properties from American National Insurance Co. and Brookfield for $25 million. The three-property portfolio totals 385,000 square feet and is comprised of SouthPark XX, a Class A industrial asset in Grove City, and two office buildings in Dublin. The office assets include the Emerald Professional Building and Upper Metro Place. The acquisitions mark the first investments outside of Michigan for Douglas Capital Partners.

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1001-Towne-Ave-Los-Angeles-CA
AcquisitionsCaliforniaMixed-UseOfficeRetailWestern

Colliers Negotiates $13.5M Sale of Mixed-Use Property in Los Angeles

by Amy Works

LOS ANGELES — Colliers has arranged the $13.5 million sale of 1001 Towne Avenue, a mixed-use retail and office building in the Fashion District of Los Angeles. Mark Schuessler, Sean Fulp and Ryan Plummer of Colliers represented the undisclosed seller, while Mark Hong of KORUS Real Estate represented the buyer, a local private individual, in the transaction. The four-story building offers 43,700 square feet of retail and office space in suites ranging in size from 481 square feet to 4,843 square feet. At the time of sale, the property was 82 percent leased to a mix of retail and wholesale apparel businesses.

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2515-McKinney-Dallas
DevelopmentOfficeTexas

Michael Walker Construction Completes Renovation of 178,970 SF Uptown Dallas Office Building

by Taylor Williams

DALLAS — General contractor Michael Walker Construction has completed the multimillion-dollar renovation of 2515 McKinney Avenue, an 18-story, 178,970-square-foot office building in Uptown Dallas. The project delivered a full facelift of the lobby and added new tenant amenities, including a fitness center, conference center, outdoor patio areas and expanded food-and-beverage options. Entos Design served as the project architect. Stream Realty Partners leases the building, which is owned by institutional investors advised by J.P. Morgan Global Alternatives.

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Leasing ActivityOfficeTexas

PDMS Design Group Signs 8,653 SF Office Lease Renewal in Arlington

by Taylor Williams

ARLINGTON, TEXAS — PDMS Design Group Inc. has signed an 8,653-square-foot office lease renewal at Arlington Downs Tower. According to LoopNet Inc., the building totals 87,411 square feet and was constructed in 1974. Erik Blais and Richmond Collinsworth of Bradford Commercial Real Estate Services represented the landlord in the lease negotiations on an internal basis. The tenant representative was not disclosed.

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Cross-Creek-Ranch-Malibu-CA
CaliforniaLoansMixed-UseOfficeRetailWestern

JLL Arranges $135M in Financing for Cross Creek Ranch Mixed-Use Property in Malibu, California

by Amy Works

MALIBU, CALIF. — JLL Capital Markets has arranged $135 million in first lien financing for Cross Creek Ranch, a 122,324-square-foot, Class AA, mixed-used property in Malibu. The property offers 71,605 square feet of retail space and 50,719 square feet of creative office space. John Marshall, Spencer Seibring, Allie Black and Tim Donald of JLL Capital Markets’ debt advisory team secured the five-year loan from Torchlight Investors for the borrower, Pacific Equity Partners. Located at 23465 Civic Center Way on 13 acres, Cross Creek Ranch is adjacent to a Whole Foods Market in the core of Malibu’s shopping district, which also includes Malibu Country Mart, Malibu Village and Malibu Lumber Yard. The center is approximately 13 miles from the Santa Monica pier and 21 miles northwest of Los Angeles International Airport.

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AcquisitionsOfficeTexas

JLL Brokers Sale of 171,055 SF Office Complex in Metro Houston

by Taylor Williams

SUGAR LAND, TEXAS — JLL has brokered the sale of The Offices at Kensington, a 171,055-square-foot office complex located in the southwestern Houston suburb of Sugar Land. The complex consists of two four-story buildings that had a combined occupancy rate of 84 percent at the time of sale. Rick Goings and Marty Hogan of JLL represented the seller, California-based investment firm Buchanan Street Partners, in the transaction. Michael Johnson and Michael King, also with JLL, arranged an undisclosed amount of fixed-rate acquisition financing on behalf of the buyer, Houston-based private equity firm DML Capital.

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Leasing ActivityOfficeTexas

Carter & Co. Signs 7,205 SF Office Lease Renewal in North Dallas

by Taylor Williams

DALLAS — Accounting firm Carter & Co. has signed a 7,205-square-foot office lease renewal in North Dallas. The company renewed a year before the expiration of its lease at Highland Park West, a 51,847-square-foot complex that is now 96 percent leased. Jared Laake and Richmond Collinsworth of Bradford Commercial Real Estate Services represented the landlord in the lease negotiations. Bill Zei of McLeod-Zei Inc. represented the tenant.

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Leasing ActivityOfficeTexas

Cypressbrook Negotiates 6,874 SF Office Lease in North Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Cypressbrook Co. has negotiated a 6,874-square-foot office lease at The Meadows at Interwood in North Houston. According to LoopNet Inc., the building was constructed in 1984 and spans 146,685 square feet. John Hornbuckle of Cypressbrook represented the tenant, ABM Insurance & Benefit Services, in the lease negotiations. Valere Costello of Brummett & Co. represented the landlord.

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Leasing ActivityMichiganMidwestOffice

Neway Creative Relocates Coworking Facility in Mount Clemens, Michigan

by Kristin Harlow

MOUNT CLEMENS, MICH. — Neway Creative, a coworking facility in downtown Mount Clemens, is relocating to 75 N. Main St. on the third floor. The company’s new space totals 5,100 square feet. Neway Innovation Hub works to empower adolescents through the nonprofit arm Neway Works Inc., a 501(c)(3) organization that provides youth mentoring and development services. With this collaboration, Neway Creative is launching an art-therapy program in partnership with Neway Works supporting youth battling depression and anxiety. The new space also features private therapy space tailored for counseling professionals. Signature tenants of the Neway Innovation Hub include Analytic Healthcare Solutions, Jim DiFalco Farm Bureau, Neway Works, Renovations Now and SEO Plus CRO.

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Market ReportsOfficeSoutheastSoutheast Market ReportsTennessee

Nashville’s Office Market Bucks National Trends with Rent Growth, Leasing Velocity

by John Nelson

By Stewart Lyman and Robby Davis of Stream Realty Partners Contrary to popular belief, the office market is not dying, particularly not in Nashville. While the market is facing headwinds from the interest rate environment and general economic uncertainty, Nashville has shown resiliency, bolstered by the city’s strong population growth, low unemployment rates, and a vibrant, diverse job market.  However, while flight-to-quality has been experienced well before the COVID-19 pandemic, the positive performance of top-tier buildings compared to the rest of the market has accelerated coming out of COVID-19. In 2023, Class A Tier I buildings posted 1.17 million square feet of positive absorption compared to negative absorption of 141,900 square feet and negative 32,267 square feet in Class A Tier II and Class B assets, respectively.  Top-tier buildings signed some of Nashville’s largest leases in the past year, such as Creative Artists Agency (CAA) for 75,000 square feet at Nashville Yards, Designed Conveyor Systems for 47,000 square feet at McEwen Northside and JE Dunn for 41,000 square feet at Neuhoff. In the urban core, two of the most high-profile new developments are Neuhoff (Germantown) and Nashville Yards (Downtown), both of which are elevating the tenant experience by delivering best-in-class …

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