PLANO, TEXAS — Atlantic Aviation has signed a 26,608-square-foot office lease in Plano. The provider of aircraft ground support services will occupy a full floor at Granite Park 6, a 422,109-square-foot building that was completed in 2023. Ryan Hoopes and Tom Sutherland of Cushman & Wakefield represented the tenant in the lease negotiations. Robert Jimenez, Burson Holman and Elizabeth Fortado represented the landlord, Granite Properties, which owns the property in partnership with Raleigh-based REIT Highwoods Properties, on an internal basis. The deal brings the building to 26 percent occupancy.
LOS ANGELES — Southern California Gas Co. (SoCalGas) has signed a long-term lease for 198,553 square feet of office space at City National 2CAL in downtown Los Angeles. CIM Group owns the 1.4 million-square-foot, 52-story office building at 350 S. Grand Ave. in downtown’s Bunker Hill district. SoCalGas will relocate to City National 2CAL from its namesake downtown Los Angeles building, Gas Company Tower, where it has been located since the building’s opening in 1991. At its new space, SoCalGas will have project and building top signage at the property. Geno St. John from CIM Group’s in-house office leasing team, in partnership with Peter Hajimihalis and Hayley Blockley of JLL, represented the owner in the lease negotiations. Clay Hammerstein and Danny Rees of CBRE represented the tenant.
TINTON FALLS, N.J. — JLL has negotiated the $14.7 million sale of a 90,008-square-foot office building located at 100 Tormee Drive in the coastal New Jersey community of Tinton Falls. The two-story building was constructed on 8.6 acres in 2001 and was fully leased at the time of sale to Hackensack Meridian Health and Opentext. Jeremy Neuer and Jose Cruz of JLL represented the undisclosed seller in the transaction and procured the buyer, Rockford Holdings.
SAN DIEGO — MIG has completed the disposition of Four Governor Park, a two-building office property in San Diego. Cast Capital Partners acquired the asset for $11 million. Situated on 2.7 acres, Four Governor Park includes a 21,715-square-foot building at 5080 Shoreham Place and a 28,521-square-foot building at 5090 Shoreham Place that are connect by a courtyard. At the time of sale, the property was 96 percent occupied by a mix of office tenants. The buyer plans to sell the individual units. Matt Pourcho, Anthony DeLorenzo and Matt Harris of CBRE represented the seller, while Bret Morris of Cast Capital Partners and Ryan King of Voit represented the buyer in the transaction.
HOBOKEN, N.J. — Sumitomo Mitsui Trust Bank has signed a 30,000-square-foot office lease in Hoboken. The affiliate of the Japanese lender is taking space on the ninth floor of Building 1 at Waterfront Corporate Center, a 1.5 million-square-foot complex owned by New York City-based SJP Properties. Harrison Russell of Newmark represented the tenant in the lease negotiations.
ALLEN, TEXAS — Newmark has negotiated an 15,000-square-foot office headquarters lease at The Farm, a 135-acre mixed-use development located in the northeastern Dallas suburb of Allen. The tenant, Fibergrate Structures, a provider of composite building materials and anti-slip surfaces, will move in to the 102,000-square-foot FARMWorks One building early next year. Nathan Durham and Duane Hendley of Newmark represented the landlord, JaRyCo, in the lease negotiations. Mac Morse, Jakey Younger and Scott Morse with Citadel Partners represented the tenant.
HARTFORD, CONN. — Law firm Robinson + Cole has opened a new, 75,000-square-foot office at One State Street in downtown Hartford. One State Street, which is owned by Houston-based Hines, overlooks the Connecticut River, and the 24-story, 500,000-square-foot building offers multiple outdoor-based amenities. Washington, D.C.-based architecture firm Studio Alliance designed the space to feature energy-generating glass offices, collaboration spaces to support teams from two to 30 and a focus on exposure to natural lighting throughout. General contractor Pavarini Northeast handled the build-out.
CHICAGO — American Street Capital (ASC) has arranged a $10.6 million loan for the refinancing of a flex office property in Chicago’s Fulton Market neighborhood. The 90,000-square-foot building features office, warehouse and showroom spaces as well as more than 170 parking spaces. The property was extensively renovated in 2020, and includes a common area roof space, tenant lounge, one passenger and two freight elevators, multiple secure loading docks and a gated parking lot. Igor Zhizhin of ASC arranged the 10-year loan through a commercial bank.
PALO ALTO, CALIF. — Presidio Bay Ventures has broken ground on 388 Cambridge, an office resort in Palo Alto. The three-level office development will combine hospitality-level design, a focus on wellness and a commitment to sustainability, including all-electric, net-zero operations. Slated for completion by third-quarter 2025, the 36,000-square-foot 388 Cambridge will feature 3,418 square feet of ground-floor retail space, spa-style steam showers, cold-plunge pools, landscaped outdoor balconies and concierge service. The project team includes Brereton Architects, Adean Studios and JETT Landscape Architecture + Design. Newmark is handling leasing of the commercial space, while CBRE is overseeing leasing of the retail space.
SAN ANTONIO — University Health has acquired a 142,500-square-foot office building in northwest San Antonio. According to LoopNet Inc., the property at 6200 Northwest Parkway was built in 2000 and includes 963 parking spaces. Russell Noll and Kelly Ralston of Transwestern represented the seller, Sentinel Net Lease LLC, in the transaction. Chad Gunter, also with Transwestern, represented University Health, which plans to utilize the property to expands its administrative and back-office operations. The healthcare provider operates two teaching hospitals and multiple outpatient clinics in the San Antonio area.