Office

AmTrust RE Unveils Plans for $50M Capital Improvements Program at Two Office Properties in Chicago

by Kristin Harlow September 28, 2023

CHICAGO — AmTrust RE has unveiled plans for a $50 million capital improvements program at two of its Chicago office properties, One East Wacker and 33 North Dearborn. The improvements will provide tenants with a “hospitality-inspired setting,” equipped with amenities, modern finishes and furniture, and elevated conveniences. This initiative marks the initial stage of the company’s $100 million commitment to upgrading its Chicago portfolio. Additionally, AmTrust has enlisted Stream Realty Partners to manage leasing for its Chicago office portfolio. At One East Wacker, AmTrust will upgrade the property’s exterior and entrances along both Wacker Drive and State Street, create multiple spec suites and fulfill a corridor and restroom renovation. Additional plans call for a comprehensive lobby renovation envisioned by Chicago-based Eastlake Studio; creation of a comprehensive amenity floor on the second level overseen by wellness amenities management service Lulafit; and significant renovations to the top-floor lounge on the 41st floor. The office tower spans 540,000 square feet. Improvements to the 330,000-square-foot 33 North Dearborn include renovating and expanding the fourth-floor conference center to double in size; creating an outdoor tenant roof deck; enhancing building conveniences such as expanding the bike room; new ground-floor retail offerings; aesthetic upgrades to the building …

September 28, 2023

Acquisitions Office Texas

CCRM Fertility Signs 20,000 SF Office Lease at Uplands Corporate Center in Southwest Austin

by Taylor Williams September 28, 2023

AUSTIN, TEXAS — CCRM Fertility has signed a 20,000-square-foot office lease at Uplands Corporate Center in southwest Austin. The space spans about half of the third floor of the 124,081-square-foot Uplands II building. Mark Harris and Elizabeth Thompson of JLL represented the tenant in the lease negotiations. Matt Frizzell and Kevin Granger of Cushman & Wakefield represented the landlord, Drawbridge Realty.

September 28, 2023

Leasing Activity Massachusetts Northeast Office

Goulston & Storrs Signs 100,000 SF Office Lease in Downtown Boston

by Taylor Williams September 28, 2023

BOSTON — Law firm Goulston & Storrs has signed a 100,000-square-foot office lease at One Post Office Square in downtown Boston. According to Wikipedia, the recently renovated building rises 42 stories, totals roughly 832,000 square feet and includes a 368-space parking garage. Goulston & Storrs has engaged Elkus Manfredi Architects to design the build-out of the space, which will house about 350 employees across four floors that will be connected by an internal staircase. The move-in is scheduled for next spring.

September 28, 2023

Leasing Activity Office Texas

Simmons Bank Signs 26,982 SF Office Lease Renewal in Southwest Fort Worth

by Taylor Williams September 27, 2023

FORT WORTH, TEXAS — Simmons Bank has signed a 26,982-square-foot office lease renewal at Overton Centre, a two-building, 417,465-square-foot complex in southwest Fort Worth. The property offers amenities such as a newly renovated lobby, deli and a fitness center. Matt Carthey and Jake Neal of Holt Lunsford Commercial represented the landlord, an entity doing business as FLDR/TLC Overton Centre LP, in the lease negotiations. Simmons Bank was self-represented.

September 27, 2023

Acquisitions Office Texas

Colliers Negotiates Sale of 5,785 SF Office Building in Northwest Houston

by Taylor Williams September 27, 2023

HOUSTON — Colliers has negotiated the sale of a 5,785-square-foot office building located at 13623 Perry Road in northwest Houston. The single-story building was constructed on 2.6 acres in 2002. Tom Condon Jr. and John Grimsley of Colliers represented the undisclosed seller in the transaction. Kariliz Perez of Stone & Fields represented the buyer, Antelmo Investments, which plans to use the property as a funeral home. Lone Star Bank provided acquisition financing for the deal.

September 27, 2023

Acquisitions Midwest Office Ohio

Advertising Agency Curiosity Purchases Historic Building in Cincinnati for New Headquarters

by Kristin Harlow September 27, 2023

CINCINNATI — Advertising agency Curiosity has purchased a historic building near Cincinnati’s Over-the-Rhine neighborhood for an undisclosed price. The company plans to update the building, relocate its headquarters and add 32 new jobs. Founded in Cincinnati in 2012, Curiosity employs 68 full-time staff members. The building formerly served as the home of Chatfield College on Central Parkway. Cincinnati-based SHP will oversee architecture and design for the 16,200-square-foot project, which includes an expanded in-house content production studio. The Ohio Department of Development’s Ohio Tax Credit Authority approved a tax credit for the project. JobsOhio plans to provide assistance for the project after a final agreement is executed.

September 27, 2023

Leasing Activity North Carolina Office Southeast

Six New Tenants Sign Office Leases at The Grove in Raleigh, North Carolina

by Hayden Spiess September 27, 2023

RALEIGH, N.C. — Six new tenants have signed leases at The Grove, an office redevelopment project currently underway in Raleigh. The new tenants include Allbridge, BWE, EDSA, RHA Wealth and VetPride Services. The Grove, which is now roughly 30 percent preleased, features 152,000 square feet of office and 16,000 square feet of amenity space across two buildings. Amenities at the property include conference facilities, a 5,000-square-foot gym, indoor pickleball courts, a covered porch, library and café/bar. CBRE|Raleigh’s Investor Leasing Group represented the landlord, Chartwell Property Group, in the leasing negotiations.

September 27, 2023

Development New York Northeast Office

Sage Realty Completes $53M Renovation Project at Manhattan Office Building

by Taylor Williams September 27, 2023

NEW YORK CITY — Locally based development and investment firm Sage Realty has completed a $53 million renovation project at 767 Third Avenue, a 40-story, 320,000-square-foot building in Manhattan’s Grand Central Business District. The renovation upgraded the lobby and seventh-floor amenity space, which includes a café/bar, lounge, library, boardroom, salon meeting room, catering kitchen and a sculpture garden. FXCollaborative handled the design of the lobby renovation, and Fogarty Finger led the revamp of the amenity floor.

September 27, 2023

Leasing Activity Office Texas

Moroch Partners Signs 24,000 SF Office Lease in Dallas Design District

by Taylor Williams September 26, 2023

DALLAS — Marketing and communications firm Moroch Partners has signed a 24,000-square-foot office lease at 147 Manufacturing Drive in the Dallas Design District. The firm is relocating from Hall Street at The Centrum and plans to move its employees into its new headquarters space in 2024. Paul Wittorf, Kim Brooks, Laney Delin and Collin Burwinkel of Transwestern represented the landlord, Dallas-based Quadrant Investment Properties, in the lease negotiations. Jihane Boury and Clay Vaughn of Savills represented the tenant.

September 26, 2023

Acquisitions New Jersey Northeast Office

JLL Brokers $14.7M Sale of Office Building in Montvale, New Jersey

by Taylor Williams September 26, 2023

MONTVALE, N.J. — JLL has brokered the $14.7 million sale of a 119,089-square-foot office building in the Northern New Jersey community of Montvale. The two-story building sits on a 16.5-acre site at 5 Paragon Drive and houses amenities such as a cafeteria and a fitness center. Jeremy Neuer, Jose Cruz and Kevin O’Hearn of JLL represented the seller, Dallas-based Nessel Development, in the transaction. The buyer was Exclusive Management, an investment firm based in New York’s Hudson Valley region. The building was 76 percent leased at the time of sale.

September 26, 2023

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