RHOME, TEXAS — Locally based brokerage firm LanCarte Commercial has arranged the sale of a 150,000-square-foot industrial flex building in Rhome, located north of Fort Worth in Wise County. The building at 138 Leopard Road is located within 114 Industrial Park, which is also home to tenants such as Valor Steel, Texas Truck Doctor, HASA, Northwest ISD, Bulldog Services, Red River Tea and Spartan Group. Mark Boone and Sarah LanCarte of LanCarte Commercial represented the undisclosed seller in the transaction.
BEDFORD, MASS. — Lantheus has signed a 41,000-square-foot office and life sciences lease in Bedford, a northwestern suburb of Boston.The provider of diagnostic and therapeutic products and services is taking space at The Core @ Crosby, a nine-building, 592,000-square-foot campus. Cushman & Wakefield represented Lantheus in the lease negotiations. The landlord is a partnership between Boston-based investment firm Anchor Line Partners and Alloy Properties, the national life sciences platform of TPG Real Estate.
MARINETTE, WIS. — Marcus & Millichap has brokered the $7.3 million sale of Dunlap Square, a multifamily and office building in Marinette, a city in northeast Wisconsin. Built in 1920 and located at 1655 Ludington St., the property features 97 apartment units and 21 office suites. Dan Bowar of Marcus & Millichap represented the seller, Three Sixty Real Estate Solutions, and procured the buyer, Ruesch Management Inc. The buyer plans to renovate the unoccupied street-level retail space.
ALLEN, TEXAS — KONE Inc. has signed a 30,973-square-foot office lease renewal in Allen, a northeastern suburb of Dallas. The elevator and escalator provider will continue to occupy space on the third floor of Allen Place I, a 102,471-square-foot building that was completed in 2015, for another 10 years. Richmond Collinsworth and Jared Laake of Bradford Commercial Real Estate Services represented the landlord in the lease negotiations. Melissa Holland and Gregg Raus of JLL represented the tenant.
NEW YORK CITY — The Boys’ Club of New York has signed a 25-year, 33,000-square-foot lease in The Bronx. The nonprofit organization will occupy the entire building at 565 Morris Ave., which previously housed an early education center for Sheltering Arms. The space will be retrofitted to feature classrooms for music, arts and media, as well as audio engineering and computer labs and spaces that support athletics and gaming. The new clubhouse will also include a cooking and a hydroponics area. Stephen Powers, Lindsay Ornstein, Alexander Smith, and Chloe Holder of OPEN Impact Real Estate represented The Boys’ Club in the negotiations for the 25-year lease. Jordan Kaplan, Dean Rosenzweig, Jeremy Scholder and Jojo Lewis of CBRE represented the landlord, Bronx Realty Group.
WILMINGTON, DEL. — Herbein + Co. Inc. has opened a 14,000-square-foot office in Wilmington. The accounting firm relocated and expanded from a 6,000-square-foot space to Wells Fargo Tower, which according to LoopNet Inc. is a 15-story building that was originally constructed in 1980 and renovated in 2002. The new office is open as of July 21. No third-party brokers were named as being involved in the lease negotiations.
ENCINO, CALIF. — Elysian Housing and Capstone Equities have acquired an office building located at 5435-5445 Balboa Blvd. in Encino from 5435 Balboa LLC for $20.6 million. The buyers will convert the 74,947-square-foot office building into The Oaks on Balboa, an affordable housing community offering 117 studio and one-bedroom apartments. Darren Casamassima and Scott Romick of Lee & Associates LA North/Ventura represented the seller and buyer in the deal.
DALLAS — Newmark has arranged the $218 million sale of The Link at Uptown, a 25-story office building in Dallas. Completed in 2021, The Link at Uptown spans 292,000 square feet and is home to tenants such as Houlihan Lokey, PMG and McGuireWoods. Amenities include a customer lounge, fitness and conference centers and an outdoor terrace with an activity lawn. Chris Murphy, Robert Hill, Gary Carr and Austin Sheahan of Newmark represented the seller and developer, Kaizen Development Partners, in the transaction. The buyer was Atlanta-based REIT Cousins Properties (NYSE: CUZ). The property was approximately 94 percent leased at the time of sale.
SAN FRANCISCO — Lincoln Property Co. and New York Life Real Estate Investors (NYLREI) have acquired 600 Townsend West, a creative office building San Francisco’s Design District. The five-story, 210,000-square-foot building offers average floor plates of 42,000 square feet, a top-floor terrace, a two-story lobby, an outdoor courtyard, shuttle service to BART, secure car and bike parking and LEED Gold certification. At the time of sale, the property was 90 percent leased. Terms of the transaction, which was handled by JLL, were not disclosed. This is the first time the asset has been to for sale since it’s original development in 1989.
NEW YORK CITY — The Conference Board Inc. has signed a 30,171-square-foot office lease in Midtown Manhattan. The global think tank and nonprofit organization is relocating to the entire ninth floor of 875 Third Avenue, a 29-story building, via a 20-year lease. Erik Schmall and Scott Weiss of Savills represented the tenant in the lease negotiations. Paul Glickman, Diana Biascotti, Kristen Morgan and Harris Potter of JLL, along with internal agents Craig Panzirer and Alex Radmin, represented the landlord, Global Holdings.