Wednesday, July 2, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Office

Bay-Bridge-Center-San-Diego-CA
AcquisitionsCaliforniaIndustrialMixed-UseOfficeWestern

Juniper Ridge Partners Buys Five-Building Flex Property in San Diego for $10.4M

by Amy Works

SAN DIEGO — Juniper Ridge Partners has acquired Bay Bridge Center in San Diego from Jon and Donna Stockholm Trust for $10.4 million. Located at 1943-1995 Main St., Bay Bridge Center offers 38,300 square feet of mixed-use flex space. The five-building, multi-tenant asset is situated on 2.1 acres in San Diego’s Harbor/Downtown submarket. At the time of sale, Bay Bridge Center was fully leased to six tenants, including San Diego County Schools and Wrensilva, a high-end audio manufacturer. The property features 400 feet of frontage on Main Street and Harbor Drive, secure yard areas and proximity to a San Diego Trolley stop with immediate access to Interstate 5. Chris Holder, Mark Lewkowitz and Will Holder of Colliers represented the buyer and seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew YorkNortheastOffice

Southern Land Co. Signs 13,000 SF Office Lease at 99 Park Avenue in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Southern Land Co. has signed a 13,000-square-foot office lease at 99 Park Avenue in Midtown Manhattan. The Nashville-based developer plans to relocate its New York City office from 75 Rockefeller Center to the fourth floor of the 600,000-square-foot building, which is in the midst of a $30 million capital improvement program. Ben Bass and Seth Godnick of JLL represented Southern Land in the lease negotiations. Paul Glickman, Diana Biasotti, Harrison Potter and Kristen Morgan, also with JLL, along with internal agents Craig Panzirer and Alex Radmin, represented the landlord, Global Holdings.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIllinoisMidwestOfficeRetail

Inspired by Somerset Development Breaks Ground on Phase II of Bell Works Chicagoland

by Kristin Harlow

HOFFMAN ESTATES, ILL. — Inspired by Somerset Development has broken ground on the West Side of Bell Works Chicagoland, marking the second phase of transformation of the former AT&T campus in Hoffman Estates into a “metroburb” with office, retail, dining and hospitality space. As the East Side of the project nears 95 percent occupancy, the West Side will bring more than 500,000 square feet of new space. The redeveloped West Side will include 430,000 square feet of traditional office space with approximately 35,000 square feet dedicated to fully furnished “Ready-to-Wear” suites for flexible short- and long-term leases, as well as 70,000 square feet of retail space. Completion is slated for the third quarter of 2026. Wight & Co. is the architect and npz studio+ is designing interiors. At the core of the West Side is its atrium, serving as a “Main Street” lined with storefronts, eateries and community gathering space. A skylight runs the length of the corridor, providing natural light. In tandem with the groundbreaking is the opening of Bell Market, a new culinary destination offering a selection of food-and-beverage options alongside a hub for weekly entertainment and private gatherings. The concept first debuted at Bell Works New Jersey.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityOfficeTexas

MKA International Signs 10,536 SF Office Lease at The Farm in Allen

by Taylor Williams

ALLEN, TEXAS — California-based construction consulting firm MKA International has signed a 10,536-square-foot office lease at The Farm, a 135-acre mixed-use development located in the northeastern Dallas suburb of Allen. The space is located within the newly constructed FarmWorks One building. Nathan Durham and Duane Henley of Newmark represented the landlord, JaRyCo, in the lease negotiations. Preston Taylor of Appian Commercial Realty represented MKA International.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsDistrict of ColumbiaOfficeSoutheast

Shorenstein Purchases 901 K Street Office Building in D.C.’s East End

by John Nelson

WASHINGTON, D.C. — Shorenstein Investment Advisers has purchased 901 K Street, a 219,956-square-foot trophy office building in Washington, D.C.’s East End submarket. The seller and sales price were not disclosed, but multiple media outlets report that Carr Properties sold the office building for $84 million. Tenants at 901 K Street include Microsoft, Baker Donelson and ViaSat. Shorenstein has selected Eli Barnes, Jonathan Wellborn and Will Stern of Avison Young to lease 901 K Street. Shorenstein plans to enhance the office building’s amenity offerings with a new conference facility and tenant lounge. Other amenities include a rooftop terrace with a catering kitchen for events, fitness center and a 222-space parking garage.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsOfficeSoutheastVirginia

JBG Smith Acquires 15-Acre Office Campus in Tysons, Virginia

by John Nelson

TYSONS, VA. — JBG Smith has acquired Tysons Dulles Plaza, a 15-acre office campus in the Washington, D.C., suburb of Tysons. The seller and sales price were not disclosed, but Washington Business Journal reports the property traded for $42.3 million. The three-building campus spans approximately 500,000 square feet of office space and includes 1,553 parking spaces. The property is within walking distance of Silver Line’s Spring Hill Metro station and adjacent to Dulles Toll Road. JBG Smith intends to re-entitle and redevelop one of the three office buildings for residential use, and the other two buildings will be enhanced to remain in long-term operation for office tenants. The timeline for the redevelopment of Tysons Dulles Plaza was not released.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew YorkNortheastOffice

Tom Ford Fashion Signs 11,118 SF Office Lease in Midtown Manhattan

by Taylor Williams

NEW YORK CITY — Tom Ford Fashion has signed a 10-year, 11,118-square-foot office lease in Midtown Manhattan. The provider of accessories and cosmetics products is taking space on the sixth floor of 500 Park Avenue, an 11-story, 201,000-square-foot building that is now fully leased. David Goldstein, Jarod Stern and Sam Mann of Savills represented the tenant in the lease negotiations. Frank Doyle, Cynthia Wasserberger and Michael Pallas of JLL represented the landlord, SL Green, which acquired the building last winter.

Continue Reading
FacebookTwitterLinkedinEmail
FeaturesFloridaOfficeSoutheastSoutheast Feature Archive

The Office Sector Is Turning a Corner. What Is Fueling its Return?

by John Nelson

By Brett Reese of CP Group After several years of disruption, the office market is beginning to show meaningful signs of recovery. Market fundamentals are strengthening, sentiment is shifting and the data backs it up. Office sales totaled $64.3 billion last year, up nearly 21 percent from 2023, according to MSCI Real Assets. Net absorption also turned positive, with 6.5 million more square feet of U.S. office space leased than vacated, marking the most substantial annual gains since 2019.  Rent growth has been substantial across key markets, lenders are re-engaging and marquee transactions are driving capital back to the sector. These are the first broad signs that the innovative strategies employed by experienced owners and operators over the past five years are beginning to pay off.  Sun Belt momentum In Southeastern markets like South Florida and Atlanta, recovery outpaces national trends, driven by location, flexibility and amenitized space. Hard-learned lessons by tenants, lenders and landlords have reshaped the market. As the industry recalibrates, operators with conviction and capital can double down on what’s working. Debt is returning Perhaps the most significant harbinger of market recovery is the thawing of the debt markets. Just a year ago, lenders willing to underwrite …

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityOfficeTexas

Moss Signs 25,815 SF Office Lease at The Farm in Allen, Texas

by Taylor Williams

ALLEN, TEXAS — Florida-based construction management firm Moss has signed a 25,815-square-foot office lease at The Farm, a 135-acre mixed-use development located in the northeastern Dallas suburb of Allen. The space is located within the newly constructed FarmWorks One building. Nathan Durham and Duane Henley of Newmark represented the landlord, JaRyCo, in the lease negotiations. Jake Young and Christian Munoz of Lincoln Property Co. represented Moss.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsOfficeTexas

Partners Real Estate Brokers Sale of 25,062 SF Office Building in Grapevine, Texas

by Taylor Williams

GRAPEVINE, TEXAS — Partners Real Estate has brokered the sale of a 25,062-square-foot office building in Grapevine, located in the northern-central part of the metroplex. According to LoopNet Inc., the building at 4101 William D. Tate Ave. was originally constructed in 2006. William Kane, Ryan McCullough, Court Powell and Connor Watson of Partners represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts