NEW YORK CITY — Tempus AI Inc., a healthcare technology firm, has signed a 39,565-square-foot office lease at 11 Madison Avenue, a 30-story building in Midtown Manhattan. The lease term is 10 years, and the space spans part of the building’s 17th floor. Peter Michailidis of JLL represented the tenant in the lease negotiations. Brian Waterman, Scott Klau, Eric Harris and Brent Ozarowski of Newmark represented the landlord, SL Green.
PALO ALTO, CALIF. — Gantry has secured a $25 million loan to refinance maturing debt from the acquisition and renovation of a creative office building located at 250 Cambridge Ave. in Palo Alto. The three-story building offers 38,000 square feet of modern creative office space. The property features open air corridors, a central courtyard and maturing landscape aligned with new building systems throughout and enhanced exterior finishes. Robert Slatt, Murphy Osborne and Joe Foley of Gantry represented the borrower, a private real estate investor. The three-year, fixed-rate loan with 30-year amortization was provided by one of Gantry’s correspondent life company lenders. Gantry will service the loan.
WESTLAKE, TEXAS — M1 Support Services has signed a 26,000-square-foot office lease in Westlake, a northern suburb of Fort Worth. The national defense contractor and aerospace company is relocating from Denton to the second floor of the 123,862-square-foot Building 5 at Terraces at Solana, a 1.1 million-square-foot complex. A partnership between two Chicago-based firms Glenstar and Singerman Real Estate, owns Terraces at Solana.
NEW YORK CITY — Unity Technologies has signed a 10,000-square-foot office lease in Manhattan’s Union Square area. The 3D content creation platform will occupy the entire second floor at 817 Broadway, a 14-story, 140,000-square-foot building that was built in 1895 and recently repositioned. Gabe Marans of Savills represented Unity Technologies in the lease negotiations. David Falk, Jason Greenstein and Daniel Levine of Newmark represented the landlord, a partnership between Taconic Partners and Nuveen Real Estate.
HOUSTON — JLL has arranged the sale of a 240,166-square-foot office building in the Energy Corridor area of West Houston. Energy Crossing I is a three-story building that was constructed on a 5.3-acre site at 15021 Katy Freeway in 2010. Amenities include a fitness center and a café. Kevin McConn and Rick Goings of JLL represented the undisclosed seller in the transaction. The buyer was Austin-based Capital Commercial Investments Inc. The sales price was not disclosed.
STEAMBOAT SPRINGS, COLO. — Brinkman Real Estate has completed the disposition of Sundance Plaza, a multi-tenant mixed-use property in Steamboat Springs, to Denver-based private REIT. Located at 225 Anglers Drive, Sundance Plaza offers retail and office space. At the time of sale, the property was 98 percent occupied. Jon Hendrickson, Aaron Johnson and Mitch Veremeychik of Cushman & Wakefield represented the seller in the deal.
BURBANK, CALIF. — All for Health, Health for All Inc. has purchased an office property located at 601-697 Glenoaks Blvd. in Burbank from 601 Glenoaks LLC for $15.7 million. Kyle Barratt, Mark Perry, Edward Matevosian and Michell Tutor of CBRE, in collaboration with Scott Romick of Lee & Associates, represented the seller, while LA Premier Group represented the buyer in the transaction. The asset comprises a four-story 68,531-square-foot building, a single-story 9,457-square-foot building and a multi-level, semi-subterranean parking structure with 250 spaces. At the time of sale, the property was 62 percent leased. The value-add opportunity offered the buyer the ability to occupy the vacant portion of the building for its own operations.
RALEIGH, N.C. — CBRE has arranged 14 office leases totaling 75,541 square feet at The Grove, an office redevelopment project located in west Raleigh. Ed Pulliam and John Brewer of CBRE represented the landlord, Chartwell Property Group, in the lease negotiations. The recently signed leases bring the development’s occupancy to 90 percent, comprising nearly $25 million in combined value. The new tenants include Johnnie-O, Christina Valkanoff LLC, Hedrick Gardner Kincheloe & Garofalo LLP, Carr, Riggs & Ingram, Martin Marietta, Elder Research Inc., North Carolina Association of CPAs, W. M. Jordan Co. Inc., The Providence Group, JacobsWyper Architects, Proyco and Ark Royal Wealth Management LLC. Situated on 11.5 acres, The Grove’s office campus offers 29,000 square feet of indoor/outdoor amenity space, featuring a self-serve café and bar, library, lounge, golf simulator, conference rooms and workspaces, as well as a fitness center that includes CrossFit stations, an indoor pickleball court, sauna and massage room.
NEW YORK CITY — Synthesia, a generative artificial intelligence platform, has signed a 13,600-square-foot office lease at 245 Fifth Avenue, a 24-story, 316,495-square-foot building in Midtown Manhattan. The lease term is five years. Dennis Someck and Justin Myers of Lee & Associates represented the tenant in the lease negotiations. Scott Klau, Erik Harris, Zach Weil, Cole Gendels and Ben Klau of Newmark represented the landlord, The Moinian Group.
SAN DIEGO — Lincoln Property Co. has purchased AMP&RSAND at 350 Camino De La Reina in San Diego from CIM Group for $92 million. Matt Carlson and Hunter Rowe of CBRE facilitated the sale, and Scott Peterson, Michael Kolcum and Colby Matzke of CBRE secured financing for the acquisition. Originally the home of the San Diego Union-Tribune for more than 40 years, the 13-acre site has been renovated into a Class A creative office campus. The property includes a five-story building and a three-story building totaling 343,202 square feet and connected by a 65-foot steel pedestrian bridge. The campus includes a fitness center, café, large outdoor patios and flexible conferencing spaces.