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.
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.
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.
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.
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.
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.
MIDLAND, TEXAS — Extract Production, an equipment manufacturer for the oil and gas industry, has sold a 50,000-square-foot industrial flex property in the West Texas city of Midland for $10 million. The property was built in phases on 14 acres between 2018 and 2022. Kyle Fant, Britt Raymond, Matthew Mousavi and Patrick Luther of SRS Real Estate Partners represented Extract Production, which also occupies the building and will lease the space back for the next 15 years, in the all-cash transaction. The team also procured the buyer, an undisclosed, publicly traded REIT.
QUEEN CREEK, ARIZ. — Plaza Cos. and Ryan Cos. have completed the disposition of Ironwood Medical Pavilion, located on the Banner Ironwood Medical Center campus in Queen Creek. Hammes Partners acquired the asset for $23.3 million. Plaza Cos. will remain a minority joint venture investor and will continue to provide leasing and property management services for the property. Completion in September 2019, the three-story Ironwood Medical Center features 60,000 square feet of medical office space. The facility is adjacent to the Banner Ironwood Medical Center, a 78-acre medical center campus at the southwest corner of Gantzel and Combs roads. Bill Cook and Margaret Lloyd of Plaza Cos. will lead leasing efforts, while Scott Rubin of Plaza Cos. will oversee property management of the facility.
PLANO, TEXAS — Ryan Cos. has topped out a 23-story, 409,000-square-foot office building within the Legacy West mixed-use development in Plano. Global tax firm Ryan LLC plans to occupy about half of the building as its new headquarters, and JLL is marketing the remaining space for lease. ACORE Capital provided construction financing for the project, which Ryan Cos. is developing in a joint venture with the real estate investment arm of Kansas-based conglomerate Koch Industries. Amenities will include a fitness center, multiple conference rooms, tenant lounge, pickleball courts and a café. Gensler is the project architect. Construction began last summer and is slated for a late 2024 completion.
SOUTHLAKE, TEXAS — A joint venture between two Dallas-based investment firms, Pillar Commercial and OliveMill Holdings, has purchased Pinnacle Point, an 81,259-square-foot flex property in Southlake, located in the northern-central region of the metroplex. Built in 2020, Pinnacle Point consists of three single-story buildings on a seven-acre site. Parker McCormack of JLL represented the undisclosed seller in the transaction. Security National Bank provided acquisition financing to the joint venture.