Wednesday, June 18, 2025
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Leasing ActivityOfficeTexasTop Stories

AT&T Signs 186,000 SF Office Lease in Richardson, Texas

by John Nelson

RICHARDSON, TEXAS — Telecommunications giant AT&T Inc. (NYSE: T) has signed a 186,000-square-foot lease at The Tower at Lakeside, an office building located within the 807,354-square-foot Lakeside Campus in Richardson. The transaction marks the largest new lease signed in Richardson in seven years and one of the largest leases signed in metro Dallas year-to-date, according to Newmark, which negotiated the deal. Specifically, Nathan Durham of Newmark represented the landlord, Provident Realty Advisors, in the lease transaction. Troy McDonald of CBRE and Lawrence Gardner of OMS Strategic Advisors LLC represented AT&T. Provident acquired Lakeside Campus last fall, a deal in which Newmark was also involved. AT&T, which is headquartered in Dallas, will occupy seven floors of the 16-story, 412,000-square-foot building located at 2221 Lakeside Blvd. The new space will consolidate multiple regional locations for AT&T and is expected to triple the company’s current workforce in Richardson — from approximately 400 to nearly 1,400. The Tower at Lakeside features a full-service café, high-end fitness center and a modern tenant lounge and lobby. Lakeside Campus is situated along North Central Expressway (U.S. Highway 75), near the University of Texas at Dallas and corporate campuses of State Farm, Blue Cross Blue Shield, Raytheon and Texas …

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5201 Gate Parkway
AcquisitionsFloridaLeasing ActivityOfficeSoutheast

SRS Real Estate Negotiates $38M Sale of Office Building in Jacksonville Leased to Deutsche Bank

by Abby Cox

JACKSONVILLE, FLA. — SRS Real Estate Partners has negotiated the $38 million sale of a 150,000-square-foot office building located at 5201 Gate Parkway in Jacksonville. Deutsche Bank fully occupies the property on a long-term, corporate-guaranteed lease. Built in 2006, the three-story building sits on 13 acres. Jeff Gates of SRS Capital Markets’ San Francisco office represented the seller, a New York-based institutional investor, in the transaction. The buyer was AJC Partners LLC, a private family office based in Michigan and New York City.

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Leasing ActivityOfficeTexas

Willow Bridge Signs 39,238 SF Office Lease in Dallas Arts District

by Taylor Williams

DALLAS — Willow Bridge Property Co. has signed a 39,238-square-foot office lease in the Dallas Arts District. The multifamily investment and management firm will occupy the entire 12th floor of One Arts Plaza, a 24-story building that was completed in 2007. Both Willow Bridge and the landlord, Billingsley Co., were self-represented. The deal brings the building to 92 percent occupancy.

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District Center
District of ColumbiaLeasing ActivityOfficeSoutheast

ADEA to Relocate D.C. Headquarters to District Center

by Abby Cox

WASHINGTON, D.C. — The American Dental Education Association (ADEA) has signed a lease to relocate to the District Center at 555 12th St. NW in Washington, D.C. ADEA will occupy approximately 30,000 square feet, which is half of the fourth floor, beginning in the first quarter of 2026. ADEA’s headquarters is currently located at the Association of American Medical Colleges (AAMC) at 655 K St. NW in D.C. Andy Eichberg, Matt Pacinelli and John Klinke of Stream Realty Partners represented the landlord in the lease transaction. Susan Thomas and Thomas Brown of CBRE represented ADEA.  District Center, owned by a joint venture between MetLife Investment Management and Norges Bank Investment Management, offers 850,000 square feet of office space and is 95 percent leased, with up to 6,500 square feet still available for lease. Amenities at the property include an atrium lounge, fitness center with group and personal training options, lockers, showers, ample bicycle storage and a rooftop sky lounge that spans 3,391 square feet with outdoor terraces. Retail and restaurant tenants at the center include Ristorante TOSCA, Celadon Spa & Salon, Saks OFF Fifth, Nordstrom Rack and Potbelly Sandwich Shop.

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AcquisitionsIndianaMidwestOffice

Keystone Group Acquires 120 Monument Circle Office Building in Indianapolis

by Kristin Harlow

INDIANAPOLIS — Keystone Group has acquired 120 Monument Circle, the former headquarters of Elevance Health (previously Anthem) in Indianapolis. Keystone has recently acquired and redeveloped more than 1 million square feet of vacant office buildings within one city block marking over $250 million in investment into luxury mixed-use, residential, retail and hospitality developments in downtown Indianapolis. The Indianapolis-based development company will transform 120 Monument Circle, which is currently vacant and is the most expansive property on Monument Circle. Redevelopment plans are still in the early stages and call for rooftop views, outdoor amenities, parking and maximized retail and restaurant spaces. Keystone will work with the community, including civic, nonprofit, higher education institutions and anchor corporations based in downtown Indianapolis as well as city and state leaders.

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ConnecticutIndustrialLeasing ActivityNortheastOffice

L’Amy America Signs 27,461 SF Industrial Lease Renewal in Shelton, Connecticut

by Taylor Williams

SHELTON, CONN. — L’Amy America has signed a 27,461-square-foot industrial lease renewal in Shelton, located in southern Connecticut’s Fairfield County. The provider of eyewear products also signed a 5,016-square-foot lease for its new office headquarters in Shelton at a site that is about a mile away from the warehouse. John Hannigan of locally based brokerage firm Choyce Peterson represented the tenant in both deals.

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office-to-residential-conversion
DevelopmentDistrict of ColumbiaMultifamilyOfficeSoutheast

Henderson Park, Lowe Commence Office-to-Residential Conversion Project in D.C.

by Abby Cox

WASHINGTON D.C. — A joint venture between Henderson Park and Lowe has broken ground on an office-to-residential conversion project at 1250 Maryland Ave. in Washington, D.C. The project team includes architect Beyer Blinder Beller, interior designer KTGY, general contractor Balfour Beatty and landscape architect Oehme, van Sweden | OvS. Deutsche Bank provided a $180 million construction loan for the project.  Built in 1992, the former Portals I development is an eight-story, 536,000-square-foot office building that will be transformed into an 11-story, 658,000-square-foot apartment complex. The additional three floors will be integrated into the building design to create large patios on the ninth and 11th floors. The 428-unit complex will also include 53,000 square feet of supporting retail and commercial space, as well as 428 parking spaces. Amenities at the development will include a rooftop resort-style terrace and swimming pool, resident lounge and coworking spaces, a two-story fitness center and dining and personal services offered on the ground floor. The redeveloped building has also been designed to meet LEED Gold specifications.

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One-Riverway-Houston
OfficeTexas

Azrieli Group, Unilev Capital Complete Recapitalization of 507,565 SF Office Building in Houston

by Taylor Williams

HOUSTON — An entity controlled by Azrieli Group and Unilev Capital has completed the recapitalization of One Riverway, a 507,565-square-foot office building in Houston’s Galleria district. The transaction included a modification of an existing loan and an additional equity investment, although specific details on those elements of the recapitalization were not disclosed. Ownership now plans to undertake a capital improvement program that will feature upgrades to common areas such as corridors and restrooms, a full elevator modernization and delivery of move-in-ready spec suites. Stream Realty Partners is the leasing agent for One Riverway.

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DevelopmentOfficeTexas

Midway Tops Out 320,000 SF CITYCENTRE Six Office Building in West Houston

by Taylor Williams

HOUSTON — Locally based developer Midway has topped out CITYCENTRE Six, a 320,000-square-foot office building in West Houston. The 19-story building is being developed adjacent to a new half-acre urban plaza, which was designed by OJB Landscape Architecture, within the 47-acre mixed-use development of the same name. Partners Real Estate is the marketing agent for the project, which is 65 percent preleased to a single anchor tenant. Completion is scheduled for next spring.

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