Office

KBS Signs Three Tenants to Leases Totaling 49,135 SF at Carillon Office Tower in Uptown Charlotte

by John Nelson September 7, 2023

CHARLOTTE, N.C. — KBS has signed three tenants to leases totaling 49,135 square feet at Carillon, a 24-story office tower in Uptown Charlotte. The landlord has signed a 37,909-square-foot lease renewal with the U.S. General Services Administration (GSA), on behalf of the U.S. Attorney’s Office; an expansion with Lazard, a global financial services firm; and an 1,836-square-foot lease with Moffatt & Nichol Inc., a global infrastructure advisory firm that renewed its lease. Jennifer Kurz, Rhea Greene and Tim Arnold of Trinity Partners represented KBS in the lease transactions. Carillon shares a newly revamped courtyard with the Grand Bohemian Hotel next door. Common amenities include a conference center, onsite Bright Horizons childcare center, fitness center with showers, car wash and Morton’s Steakhouse.

September 7, 2023

Acquisitions Office Texas

Oldham Goodwin Arranges Sale of 90,000 SF Office Building in Bryan, Texas

by Taylor Williams September 7, 2023

BRYAN, TEXAS — Texas-based brokerage firm Oldham Goodwin Group has arranged the sale of a 90,000-square-foot office building in the Central Texas city of Bryan. The buyer, Capital Farm Credit, will also occupy the building via a late 2024 relocation from its current headquarters facility in nearby College Station. Clint Oldham of Oldham Goodwin represented Capital Farm Credit in its purchase of the building from Arizona-based Levine Investments. Jody Slaughter of Oldham Goodwin also arranged an early lease termination with the existing tenant, California-based telecommunications firm Viasat Inc.

September 7, 2023

Leasing Activity New Jersey Northeast Office

State Street Bank Signs 63,000 SF Office Lease Renewal in Princeton

by Taylor Williams September 7, 2023

PRINCETON, N.J. — State Street Bank has signed a 63,000-square-foot office lease renewal at Princeton Point, a two-building office complex located within the university’s 2,000-acre business and research campus. The property offers an onsite café/restaurant, conference center and a courtyard with outdoor private seating. Kevin Carton and Todd Elfand of Cushman & Wakefield represented the landlord, Nuveen Real Estate, in the lease negotiations. JLL represented the tenant.

September 7, 2023

Leasing Activity New Hampshire Northeast Office

Colliers Negotiates 53,664 SF Office Lease Renewal in Newington, New Hampshire

by Taylor Williams September 7, 2023

NEWINGTON, N.H. — Colliers has negotiated a 53,664-square-foot, seven-year office lease renewal in Newington, located near the Maine-New Hampshire border. The complex at 100 Arboretum Drive was built in 2004 and spans 127,000 square feet. David Choate and Abigail Bachman, of Colliers represented the tenant, federal benefits administrator FedPoint, in the lease negotiations. Steve Horan represented the landlord, Boston-based Farley White Interests, on an internal basis.

September 7, 2023

Acquisitions California Office Western

Local Family Investor Buys 405,130 SF Office Campus in Fullerton, California for $76.5M

by Amy Works September 7, 2023

FULLERTON, CALIF. — A local family investor has acquired an office campus situated on 33.7 acres in Fullerton for $76.5 million, or $188 per rentable square feet. The seller was a partnership comprising a global real estate investment, development and management firm and a global investment manager. Aerospace and weapons manufacturer Raytheon, an investment-grade credit tenant, fully leases the 405,130-square-foot campus, located at 1801 Hughes Drive. Nico Napolitano, Jeffrey Cole, Jeff Chiate, Rick Ellison, Scott Selke and Brad Brandenburg of Cushman & Wakefield’s capital markets team in Southern California represented the seller in the deal.

September 7, 2023

Acquisitions Office Texas

JLL Arranges Sale of 143,410 SF Office Building in Metro Houston

by Taylor Williams September 6, 2023

SUGAR LAND, TEXAS — JLL has arranged the sale of 77 Sugar Creek, a 143,410-square-foot office building located in the southwestern Houston suburb of Sugar Land. The six-story building was renovated in 2018 and was roughly 64 percent leased at the time of sale. Rick Goings, Marty Hogan and Will Sledge of JLL represented the seller, CW Capital, in the transaction. Locally based investment firm InLight Capital purchased the asset for an undisclosed price.

September 6, 2023

Georgia Loans Office Southeast

Morning Calm Originates $59M Refinancing for 8West Office Building in West Midtown Atlanta

by John Nelson September 6, 2023

ATLANTA — Morning Calm Office Finance, a joint venture between Morning Calm Management and an unnamed global investment manager, has originated a $59 million loan for the refinancing of 8West, a new creative office building in Atlanta’s West Midtown district. Completed in 2020, the 193,000-square, nine-story building is located at 889 Howell Mill Road. The borrower, The Atlantic Cos., is using the loan to refinance the maturing construction debt on the property. The property features a fitness facility, rooftop deck and catering kitchen, common collaborative spaces and conference facilities and an outdoor public plaza. Ford Motor Co. is a major tenant at 8West.

September 6, 2023

Florida Leasing Activity Office Southeast

Cushman & Wakefield Arranges 128,450 SF Office Lease Renewal at Wells Fargo Center in Downtown Miami

by John Nelson September 6, 2023

MIAMI — Cushman & Wakefield has arranged a 128,450-square-foot office lease renewal at Wells Fargo Center in downtown Miami on behalf of the landlord, an affiliate of MetLife Inc. The tenant is global law firm Greenberg Traurig, which occupies five floors at the 47-story tower. The lease renewal is the largest office lease in Miami over the past five years, according to Cushman & Wakefield. Brian Gale, Ryan Holtzman, Andrew Trench and Edward Quinon of Cushman & Wakefield represented the landlord in the lease negotiations. Michael Shuler, Jeremy Hakala and Clay Sidner of Newmark represented the tenant. Over the past nine months, the Cushman & Wakefield team has executed over 250,000 square feet of leasing transactions, bringing Wells Fargo Center to 93 percent occupancy.

September 6, 2023

Acquisitions Alabama Leasing Activity Office Southeast

Marcus & Millichap Brokers $4.9M Sale-Leaseback of Office Building in Metro Birmingham

by John Nelson September 6, 2023

HOOVER, ALA. — Marcus & Millichap has brokered the $4.9 million sale-leaseback of 5 Inverness Center Parkway, a 15,851-square-foot office building in Hoover. Built in 2005, the three-story office building was fully leased at the time of sale to eQRP Inc., a self-directed 401k company. The property features common areas, conference rooms, a fitness center and a podcast studio. The tenant, an entity doing business as Fuden LLC, sold the property to Wakefield Enterprises LLC and leased the property back. Brian Higdon and Nick Neuroth of Marcus & Millichap’s Birmingham office represented the seller in the transaction.

September 6, 2023

Acquisitions Illinois Midwest Office Retail

SVN Chicago Commercial Brokers $2.2M Sale of Office, Retail Building in Winfield, Illinois

by Kristin Harlow September 6, 2023

WINFIELD, ILL. — SVN Chicago Commercial has brokered the $2.2 million sale of an office and retail building in Winfield, a western suburb of Chicago. The ground floor of the building is fully leased to a variety of retail and restaurant tenants. The second floor is vacant office space that was previously occupied by one tenant. SVN represented the seller. The buyer retained SVN to lease the remaining spaces with intentions of converting them into medical office suites. Buyer and seller information was not provided.

September 6, 2023

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