ADDISON, TEXAS — Holt Lunsford Commercial has negotiated a 20,891-square-foot office lease renewal in the northern Dallas suburb of Addison. Foundation Energy Management, which acquires, develops and enhances domestic oil and gas properties, is recommitting to Liberty Plaza, a two-building, 218,934-square-foot complex. Tyler Howarth of Holt Lunsford represented the landlord, Franklin Street Properties Corp., in the lease negotiations. The tenant representative was not disclosed
PORTLAND, ORE. — Portland-based Norris & Stevens has arranged the acquisition of 7970 Milwaukie Building, an office and retail building located at 7970 SE Milwaukie Ave. in Portland. Christ Church Sellwood acquired the property from CBA Group for $1.5 million. Classical Ballet Academy currently occupies the 5,000-square-foot facility, which includes six parking spaces. Tim Pfeiffer and Camden Muller of Norris & Stevens represented the buyer, while Jim Gillespie and Stacey Rustad-Smith of Keller Williams Realty represented the seller in the deal.
OAK BROOK, ILL. — Skender has broken ground on the transformation of the former McDonald’s corporate campus in the Chicago suburb of Oak Brook. The 250,000-square-foot buildout will serve as the new headquarters of Ace Hardware. The project at 2915 Jorie Blvd. will consist of open workstations, 150 conference rooms, 12 cafes and a variety of collaboration spaces and amenities. Originally built in the 1970s and designed by Dirk Lohan, grandson of famed architect Mies van der Rohe, the campus consists of three buildings on more than 80 acres. The campus has sat empty since 2019, when the fast food giant moved its headquarters to Chicago’s Fulton Market. The renovation project will reuse and retain many of the main building’s original architectural elements, including a large atrium in the center. The first floor of the parking garage will be converted into an amenity suite that includes a fitness center, conference center, multi-purpose room and large cafeteria. Completion is slated for mid-to-late 2023. In addition to Skender, the project team includes CBRE Design Collective as architect and Environmental Systems Design Inc. as engineer.
MINNEAPOLIS — LSE Architects has opened a new 36,000-square-foot headquarters at 1401 Glenwood Ave. in North Minneapolis. The two-story office features 60 workstations, three private offices, an enclosed garage with 10 parking stalls and an exterior lot with 50 parking spaces. Kraus-Anderson served as construction manager. LSE projects near the new office include Hennepin County’s Sumner Library, the Washburn Center for Children, North Market, the MPS North High School Career and Technology Center renovation and the V3 Sports new aquatics center.
GAITHERSBURG, MD. — Edge Commercial Real Estate has secured the $4.1 million sale of a 32,000-square-foot office building located at 811 Russell Ave. in Gaithersburg, a suburb of Washington, D.C. Joe Friedman, Joshua Norwitz and Ken Fellows of Edge represented the seller, an affiliate of Finmarc Management Inc., in the transaction. Larry Rosen of Commercial & Investment Realty Associates LLC represented the buyer, an entity doing business as Russell Plaza LLC. Built in 1997 near I-270, the three-story suburban office building was leased to both office tenants and retail businesses at the time of sale.
OAK BROOK, ILL. — Skender has broken ground on the transformation of the former McDonald’s corporate campus in the Chicago suburb of Oak Brook. The 250,000-square-foot buildout will serve as the new headquarters of Ace Hardware. The project at 2915 Jorie Blvd. will consist of open workstations, 150 conference rooms, 12 cafes and a variety of collaboration spaces and amenities. Originally built in the 1970s and designed by Dirk Lohan, grandson of famed architect Mies van der Rohe, the campus consists of three buildings on more than 80 acres. The campus has sat empty since 2019, when the fast food giant moved its headquarters to Chicago’s Fulton Market. The renovation project will reuse and retain many of the main building’s original architectural elements, including a large atrium in the center. The first floor of the parking garage will be converted into an amenity suite that includes a fitness center, conference center, multi-purpose room and large cafeteria. Completion is slated for mid-to-late 2023. In addition to Skender, the project team includes CBRE Design Collective as architect and Environmental Systems Design Inc. as engineer.
PORTLAND, ORE. — Portland-based Norris & Stevens has arranged the acquisition of 7970 Milwaukie Building, an office and retail building located at 7970 SE Milwaukie Ave. in Portland. Christ Church Sellwood acquired the property from CBA Group for $1.5 million. Classical Ballet Academy currently occupies the 5,000-square-foot facility, which includes six parking spaces. Tim Pfeiffer and Camden Muller of Norris & Stevens represented the buyer, while Jim Gillespie and Stacey Rustad-Smith of Keller Williams Realty represented the seller in the deal.
MINNEAPOLIS — LSE Architects has opened a new 36,000-square-foot headquarters at 1401 Glenwood Ave. in North Minneapolis. The two-story office features 60 workstations, three private offices, an enclosed garage with 10 parking stalls and an exterior lot with 50 parking spaces. Kraus-Anderson served as construction manager. LSE projects near the new office include Hennepin County’s Sumner Library, the Washburn Center for Children, North Market, the MPS North High School Career and Technology Center renovation and the V3 Sports new aquatics center.
NEW YORK CITY — Vibrant Emotional Health has signed a 59,550-square-foot office lease at 80 Pine Street in Manhattan’s Financial District. The 38-story, 1.2 million-square-foot building was originally constructed in 1960 and recently underwent a capital improvement program. The nonprofit provider of mental health services will relocate from a 31,000-square-foot space at 50 Broadway to the entire 18th and 19th floors later this year. Chris Mansfield, Gerry Miovski, Masha Dudelzak and Ali Gordon of CBRE represented the tenant in the lease negotiations. Kevin Daly and Tom Keating internally represented the landlord, Rudin.
DALLAS — Locally based development and investment firm OliveMill Holdings has begun renovations on a 240,000-square-foot office building located at 2801 N. Central Expressway in North Dallas. The 18-story building was originally developed in 2015 as the headquarters office for advertising agency The Richards Group. Capital improvements will include upgrades of the ground floor, bathrooms, lobby and elevators, as well as a rebranding of the property as One West Village. Gensler is designing the project, which is slated for completion this summer. OliveMill Holdings owns the building in partnership with Angelo Gordon and Hunt Realty Investments.