Office

Colliers Inks Two New Leases at 101 W Ponce Office Building in Decatur, Georgia

by John Nelson April 25, 2023

DECATUR, GA. — Colliers has signed two new tenants to join 101 W Ponce, a 109,000-square-foot office building in downtown Decatur. The RMR Group manages the six-story office building and recently finished renovations. The two new tenants are the National Association of Chronic Disease Directors (NACDD), which will lease 18,411 square feet, and gaming company Aristocrat Technologies, which will lease 6,404 square feet. Heather Lamb and Jessica Doyle of Colliers represented the landlord in both lease deals. Mitch Kahlert and Jimmy Sanders of ICON Commercial represented NACDD, and David Todd and Detra Reid of CBRE represented Aristocrat Technologies.

April 25, 2023

Development Office Texas

Bright Realty Breaks Ground on $50M Office Project in Lewisville, Texas

by Taylor Williams April 25, 2023

LEWISVILLE, TEXAS — Locally based developer Bright Realty has broken ground on Crown Centre II, a $50 million office project that will be located in the northern Dallas suburb of Lewisville. The four-story, 147,000-square-foot building will be situated within Bright Realty’s Crown Centre development, which will ultimately feature up to 2,000 multifamily units, 3 million square feet of office space, 500 hotel rooms and 140,000 square feet of retail, restaurant and open green space. Bright Realty delivered Crown Centre I in 2020, and the building is now 89 percent leased. Dallas-based Rudick Construction Group is the general contractor for the project, which is scheduled for a fall 2024 completion.

April 25, 2023

Acquisitions California Office Western

Private Investor Buys Office Building in Los Angeles’ Brentwood Submarket for $9.3M

by Jeff Shaw April 25, 2023

LOS ANGELES — A private investor has acquired a 20,576-square-foot office building in the Los Angeles submarket of Brentwood for $9.3 million. The building is located at 520 Sepulveda Blvd. The asset features two parking levels, three office levels, an open courtyard, plug-and-play cell tower platform and signage visible from I-405. T.C. Macker, Jennifer Moscoso and Christian Holland of WESTMAC Commercial Brokerage Co. represented the seller, another private investor. Mitch Stokes of Avison Young represented the buyer.

April 25, 2023

Acquisitions Office Texas

Partners Real Estate Arranges Sale of 6,866 SF Office Building in San Antonio

by Taylor Williams April 25, 2023

SAN ANTONIO — Houston-based brokerage firm Partners Real Estate has arranged the sale of a 6,866-square-foot office building in San Antonio. According to LoopNet Inc., the single-tenant property at 825 Jackson Keller Road was built on 1.4 acres in 1996. Joe Bright of Partners represented the seller, River City Federal Credit Union, in the transaction. Additional terms of sale were not disclosed.

April 25, 2023

Development Midwest Missouri Office

Copaken Brooks to Renovate, Rebrand Several Office Buildings in Kansas City

by Kristin Harlow April 25, 2023

KANSAS CITY, MO. — Owner Copaken Brooks has unveiled plans to renovate and reposition several downtown Kansas City office buildings, including Town Pavilion, 1201 Walnut, 1200 Grand and the Harzfeld’s Building. Town Pavilion, the 38-story, 802,000-square-foot building located at 1100 Main St. has been renamed 1111 Main. The Harzfeld’s Building, 1201 Walnut and 1111 Main are now known as the Skyline Collection. A new professionally staffed fitness center with locker rooms is scheduled to open in May at 1111 Main and will be available to all Skyline Collection tenants. RJ Trowbridge, Jeff Kembel, Patrick Meraz and Avery Comeau of JLL will serve as the office leasing team for the buildings, which total more than 1.4 million square feet. Copaken Brooks retains the ground-level retail leasing and the property management duties of the portfolio.

April 25, 2023

Leasing Activity New Jersey Northeast Office

Helsinn Opens 25,000 SF Office in Iselin, New Jersey

by Taylor Williams April 24, 2023

ISELIN, N.J. — Global pharmaceutical company Helsinn has opened a 25,000-square-foot office at 200 S. Wood Ave. in Iselin, about 30 miles south of Manhattan. The development and management arm of New York City-based SJP Properties, which owns the 200,000-square-foot building, executed a custom build-out of the space as part of Helsinn’s relocation from 170 S. Wood Ave. SJP Properties acquired the building in 2020 and implemented a capital improvement program.

April 24, 2023

Leasing Activity New York Northeast Office

School Construction Authority Signs 15,330 SF Office Lease in Brooklyn

by Taylor Williams April 24, 2023

NEW YORK CITY — The New York City School Construction Authority has signed a 15,330-square-foot office lease at 1070 Flatbush Ave. in Brooklyn. The academic design-build firm has committed to leasing the entire ground floor for 15 years. Geoff Bailey and Scott Rothstein of RIPCO Real Estate represented the undisclosed landlord in the lease negotiations. Bert Baradian of Cornerstone Group represented School Construction Authority.

April 24, 2023

Acquisitions California Office Western

AMDA College of the Performing Arts Completes Sale-Leaseback of Hollywood Office Building

by Jeff Shaw April 24, 2023

LOS ANGELES — AMDA College of the Performing Arts has executed a sale-leaseback agreement at the close of escrow on its current space at 1777 Vine St. in Hollywood’s downtown core. The 39,248-square-foot, five-story building sold for $23 million. AMDA signed an 18-year lease at the property. Avison Young’s Chris Bonbright and Chase Gordon represented AMDA. Craig White of Sotheby’s International Realty represented the buyer, J&L Realty Partners.

April 24, 2023

Colorado Leasing Activity Office Western

Pivot Energy Leases New Headquarters in Denver

by Jeff Shaw April 24, 2023

DENVER — Pivot Energy has signed a 22,628-square-foot office lease for its new headquarters at 1601 Wewatta St. in Denver’s Lower Downtown (LoDo) district. The solar energy company occupies three-quarters of the seventh floor. Pivot Energy will add an adjacent, 4,000-square-foot space for hybrid and traveling employees. The new headquarters will feature a private patio with a green roof feature, outdoor seating and grills. Newmark’s Andrew Blaustein and Josh Pons represented the tenant in the transaction. CBRE’s Chris Phenicie and Allison Berry represented the landlord, Morgan Stanley.

April 24, 2023

Development Illinois Midwest Office

Skender Completes 81,000 SF Office Headquarters Build-out for Avant at Chicago’s Merchandise Mart

by Kristin Harlow April 24, 2023

CHICAGO — Skender has completed an 81,000-square-foot office headquarters build-out for Avant at the Merchandise Mart in Chicago. The financial technology company’s new office features open workstations, multiple cafes and a mix of collaboration, conferencing andfocus spaces. The new workspace doubles Avant’s presence in Chicago. The firm relocated from 222 N. LaSalle St. The project team included CBRE as tenant representative, Gensler as architect and Syska Hennessy Group as engineer. Skender is currently working with Merchandise Mart owner Vornado Realty Trust on a repositioning initiative for the property.

April 24, 2023

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