MIG Real Estate Sells 35,258 SF One Ridgegate Office Property in Temecula, California

TEMECULA, CALIF. — Newport Beach, Calif.-based MIG Real Estate has completed the sale of One Ridgegate, an office building located at 1 Ridgegate Drive in Temecula. An undisclosed buyer acquired the property for $5.2 million. Situated on three acres and built in 2003, One Ridgegate offers 35,258 square feet of office space. At the time of sale, the property was 92 percent leased. CBRE/Lee & Associates represented the seller, while Mike Realty represented the buyer in the

July 8, 2020Acquisitions, California, Office, Western

CIM Group Tops Out 235,000 SF Office Building in Boston’s South End

BOSTON — Los Angeles-based CIM Group, in partnership with local developer Nordblom Co., has topped out 321 Harrison, a 235,000-square-foot office building located in Boston’s South End neighborhood. The eight-story building is being constructed above a three-story parking garage that also serves the development team’s neighboring 11-story building at 1000 Washington St. The two office buildings will share amenities such as a fitness center, café, bike storage space and lounge areas. …

July 8, 2020Development, Massachusetts, Northeast, Office

Armada Hoffler, WeWork Agree to Terminate 69,000 SF Office Lease in Baltimore

BALTIMORE — Armada Hoffler Properties and WeWork have mutually agreed to terminate WeWork’s 69,000-square-foot office lease at Wills Wharf in Baltimore’s Harbor Point neighborhood. The New York City-based coworking company was slated to occupy the top two stories of the office portion of Wills Wharf. A Canopy by Hilton hotel will be situated on the top four floors of the 12-story, 325,000-square-foot building. Armada Hoffler has begun marketing the space again to join other office …

July 7, 2020Company News, Leasing Activity, Maryland, Office, Southeast

Perdure Petroleum Signs 17,212 SF Office Lease in Metro Dallas

ALLEN, TEXAS — Perdure Petroleum, an energy company that specializes in using carbon dioxide systems to boost production, has signed a 17,212-square-foot office lease in the northeastern Dallas suburb of Allen. Perdure will relocate to 1101 Central Expressway S. in the fourth quarter, a move that expands the company’s office footprint by about 10,000 square feet. Jared Laake and Susan Singer of Bradford Commercial Real Estate Services represented the landlord, 1101 SCE LLC, in the lease …

July 7, 2020Leasing Activity, Office, Texas

GO Topeka Unveils Plans for Animal Health Innovation Campus in Kansas

TOPEKA, KAN. — GO Topeka has unveiled plans to build a large-scale animal health innovation campus in Topeka. The economic development group has selected Clark Enersen Partners and BioRealty Inc. to begin identifying and evaluating prospective locations. The developers, which both have expertise building scientific research parks, will present initial findings this winter. The development will be home to Plug and Play’s animal health program as well as research and development labs and …

July 7, 2020Development, Industrial, Kansas, Midwest, Office

Partners in Autism Buys 18,492 SF Office Building in Fort Wayne, Indiana

FORT WAYNE, IND. — Partners in Autism has purchased an 18,492-square-foot office building located at 601 Noble Drive in Fort Wayne for an undisclosed price. Brady Gardner and John Caffray of Sturges Property Group represented the buyer in the transaction. Fort Wayne-based Partners in Autism provides several autism-related services, including therapy, social groups and employment services. The seller was

July 7, 2020Acquisitions, Indiana, Midwest, Office

JEMB Realty Nears Completion of 500,000 SF 1 Willoughby Square Office Tower in Brooklyn

NEW YORK CITY — JEMB Realty is nearing completion of 1 Willoughby Square, a 500,000-square-foot office building in Brooklyn. The 34-story tower will feature underground parking and various outdoor amenity terraces and green spaces. FXCollaborative designed the project and will also be the anchor tenant upon completion, which is scheduled for the fourth quarter. The development team notes that the project represents the first ground-up office project in downtown Brooklyn in

July 6, 2020Development, New York, Northeast, Office

BioMed, Cresset, Novaya Purchase 162,000 SF Office, Life Sciences Campus in Boston

BOSTON — BioMed Realty, an owner-operator of life sciences real estate, has entered into a partnership with Cresset Development and Boston-based Novaya Real Estate Ventures to acquire the XMBLY Campus at Assembly Square in the Somerville area of Boston. The campus spans 162,000 square feet of office and life sciences space and includes 7.5 acres for additional expansion. The new ownership plans to add lab, research and development and traditional office space. A timeline for construction has …

July 6, 2020Acquisitions, Massachusetts, Northeast, Office

Sunwest to Redevelop 160,000 SF Office Building in Irving’s Las Colinas District

IRVING, TEXAS — Sunwest Real Estate Group will redevelop 2901 Kinwest Parkway, a 160,000-square-foot office building in Irving’s Las Colinas district. The project will upgrade the tenant lounge, which will now feature a café, as well as the lobby area, conference center and various exterior spaces. Entos Design is the project architect. Completion is slated for late

July 6, 2020Development, Office, Texas

Brookfield Properties Acquires 95,440 SF Industrial Facility in West Dallas

DALLAS — New York City-based REIT Brookfield Properties has acquired a 95,440-square-foot industrial facility that is situated on a 15.2-acre site at 4444 Irving Blvd. in West Dallas. The property features a 57,000-square-foot terminal with 118 doors and ample car and trailer parking space. A national transportation company fully leases the asset, according to Brookfield. The seller was not

July 6, 2020Acquisitions, Office, Texas