Office

Fortis Property Group Begins Renovation of 55-Story Office Building in Downtown Dallas

by Taylor Williams July 18, 2025

DALLAS — New York-based Fortis Property Group has begun the multimillion-dollar renovation of a 55-story office building in downtown Dallas. Dallas Arts Tower, formerly known as Chase Tower, is located at 2200 Ross Ave. and spans 1.2 million square feet. Renovations will include a transformation of the main lobby and second-floor mezzanine lounge area with new flooring, lighting and furniture, as well as upgraded elevators. A new, all-day café with outdoor seating will be added in the northwest corner of the lobby, and the project team will also introduce a new LED lighting system and valet parking services. Fortis has tapped Stream Realty Partners to lease the property.

July 18, 2025

Leasing Activity Midwest Office Wisconsin

Cresa Negotiates 21,996 SF Office Headquarters Lease for Recovery.com in Madison, Wisconsin

by Kristin Harlow July 18, 2025

MADISON, WIS. — Cresa has negotiated a 21,996-square-foot office lease for Recovery.com, which is more than doubling its headquarters space, in Madison. The new office is located at 316 W. Washington Ave. and the lease commences in September. The online provider of educational information about treatment for addiction and mental health will consolidate two existing local offices at 100 State St. and 301 S. Blount St. Matt Apter and Ross Rikkers of Cresa represented the tenant, while Jim Cavanaugh and Katie Brueske of Boerke represented the owner, Hovde Properties. Located two blocks from Capitol Square, the building totals 152,968 square feet and features a fitness center and Red Sushi, a restaurant on the ground floor.

July 18, 2025

Leasing Activity New York Northeast Office

Pinterest Signs 83,000 SF Office Lease at 11 Madison Avenue in Manhattan

by Taylor Williams July 18, 2025

NEW YORK CITY — Pinterest has signed an 83,000-square-foot office lease at 11 Madison Avenue in Manhattan. The visual discovery platform will occupy the entire 13th floor of the 30-story, 2.3 million-square-foot building. Evan Margolin, Justin Haber and Michael Berg of JLL represented Pinterest in the lease negotiations. Brian Waterman, Scott Klau, Erik Harris and Brent Ozarowski of Newmark represented the landlord, SL Green.

July 18, 2025

Georgia Leasing Activity Office Southeast Top Stories

Rivian Selects Atlanta for New East Coast Headquarters, Plans 500 Jobs Near the BeltLine

by Kristin Harlow July 18, 2025

ATLANTA — Electric vehicle (EV) manufacturer Rivian has selected Atlanta for its new East Coast headquarters. Rivian will occupy the top floor and lobby of Portman Holdings’ Junction Krog Street office building, which is located at 667 Auburn Ave. NE along the Atlanta BeltLine’s Eastside Trail. The office, which will span approximately 45,000 square feet, is expected to open in late 2025 and will house roughly 500 employees upon full build-out. Portman delivered Junction Krog Street in fall 2023. Situated near the popular Krog Street Market food hall in the city’s Inman Park neighborhood, the mixed-use building features 135,000 square feet of creative office space, a rooftop deck, outdoor balconies on every level and ground-level retail space housing eateries Yuji, Brash Coffee and YEPPA&co. The headquarters will operate within a short drive to Rivian’s new $5 billion EV production facility situated within the 1,600-acre master-planned community of Stanton Springs North near Social Circle, Ga. Construction of the 7,500-person manufacturing plant is expected to begin in 2026. Rivian received financing from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing Loan Program for the manufacturing facility, which will build the R2, a midsize SUV, and the R3, a midsize crossover. The …

July 18, 2025

Acquisitions Office Texas

Buchanan Capital Partners Buys 116,434 SF Office Park in West Austin

by Taylor Williams July 17, 2025

AUSTIN, TEXAS — Locally based investment firm Buchanan Capital Partners has purchased a 116,434-square-foot office park in West Austin. Formerly known as The Escalade Office Park and now known as Westbank Pointe, the property is located at the corner of Loop 360 and Westbank Drive, adjacent to Westlake High School. Buchanan plans to invest about $1 million in capital improvements to Westbank Pointe and has tapped Transwestern to lease the property. The seller was not disclosed.

July 17, 2025

Acquisitions Office Oregon Western

Norris & Stevens Arranges $5.7M Sale of Capitol Park Office Building in Portland

by Amy Works July 17, 2025

PORTLAND, ORE. — Norris & Stevens has arranged the acquisition of Capitol Park, an office property located at 9700 S.W. Capitol Highway in Portland. 9700 SW Capitol LLC purchased the building from an undisclosed seller for $5.7 million. Constructed in 1983 and renovated in 1993, the two-story, 29,000-square-foot building features a recently remodeled lobby and bathrooms, a new roof and an outdoor dining area for tenants. Raymond Duchek and Thomas McDowell of Portland-based Norris & Stevens represented the buyer, while Steve Bowers and Sean McCarthy of Kidder Mathews represented the seller in the deal.

July 17, 2025

Illinois Leasing Activity Midwest Office

ComPsych Relocates Global Headquarters to Prudential Plaza in Chicago

by Kristin Harlow July 17, 2025

CHICAGO — ComPsych Corp., an organizational mental health, well-being and absence management company, has relocated its global headquarters to One Prudential Plaza at 130 E. Randolph St. in Chicago. The 50,000-square-foot office includes a media production studio, conference rooms and collaboration areas. Every workstation features adaptable, ergonomic furniture. Brian Means and Kellen Monti of JLL represented ComPsych.

July 17, 2025

Development North Carolina Office Southeast

Dole Food Selects Swinerton to Build-Out New U.S. Headquarters in Charlotte

by John Nelson July 17, 2025

CHARLOTTE, N.C. — Dole Food Co. has selected Swinerton for the build-out of its new U.S. headquarters within One South, a 40-story office tower in Uptown Charlotte. Charlotte-based Redline Design Group designed Dole’s office environment, which features 57 private offices, five huddle rooms, a conference room, wellness room, café, coffee bar and several lounges with a renovated elevator lobby. Dole is moving from an office about a block away, which the Irish company has occupied since moving its U.S. operations from California in 2019. The office interior build-out at One South has begun, with completion anticipated for the fall. Dole’s office comprises the whole sixth floor (23,000 square feet), which is approximately 30 percent larger than its existing footprint. Last year, Swinerton completed the demolition of the top four floors of One South, a $1 million project encompassing 88,000 square feet.

July 17, 2025

Market Reports Midwest Midwest Market Reports Office

Smart Design, Outdoor Spaces and Sustainability Help Reimagine the Office

by Kristin Harlow July 17, 2025

By Maria Davis and Colton Rupprecht, R&R Real Estate Advisors In the real estate industry, customer expectations around office space have undergone a significant shift — both in what they need and what they want. It’s not just about square footage anymore; it’s about how that space functions, feels and aligns with the values of the companies who occupy it. This transformation is playing out in three critical areas: the rise of small, amenity-packed spaces; a surge in outdoor-focused design that brings the comforts of home into the workplace; and a more rooted and interactive approach to sustainability. Smarter spaces As more companies return to in-office work, many are rethinking how they use space — prioritizing flight to quality. Increasingly, customers are gravitating toward compact offices that offer high-impact amenities rather than expansive square footage. These smaller footprints are more efficient, but they also demand more thoughtful design and planning. Technology is key in amenity designing, as efficient developers are integrating infrastructure that anticipates the needs of a tech-forward workforce. Whether it’s bracketing out spaces for high-speed fiber and built-in video conferencing hubs or artificial intelligence (AI)-powered building systems that manage lighting, the design is important in making a more …

July 17, 2025

Acquisitions California Office Western

BH Properties Buys 104,201 SF Cannery Office Campus in Campbell, California

by Amy Works July 16, 2025

CAMPBELL, CALIF. — BH Properties has acquired The Cannery, a brick-and-timber office campus at 300 Orchard City Drive in downtown Campbell. Terms of the transaction were not disclosed. The 104,201-square-foot asset is currently 22 percent leased and offers suites ranging from 1,300 square feet to more than 40,000 square feet. Originally constructed in the late 1800s as a fruit cannery, the property underwent a $19.2 million renovation in 2023. Improvements included seismic upgrades, façade enhancements, modern HVAC systems and the creation of a landscaped outdoor amenity space. Steven Golubchik, Edmund Najera, Darren Hollak, Francesca Zappula and Brendan Raney of Newmark represented the undisclosed seller in the transaction.

July 16, 2025

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