Office

5731-5759-N-Academy-Blvd-Colorado-Springs-CO

NavPoint Real Estate Negotiates Sale of 30,843 SF Office Property in Colorado Springs

by Amy Works September 30, 2022

COLORADO SPRINGS, COLO. — NavPoint Real Estate Group has arranged the sale of an office building located at 5731-5759 N. Academy Blvd. in Colorado Springs. Silverwood Investments LP sold the asset to East of Eden Enterprises LP for $7.2 million in an off-market transaction. Situated within Centerpointe Plaza shopping center, the property features 30,843 square feet of office space occupied by three tenants in the medical, fitness and education sectors. Matt Call of NavPoint Real Estate Group represented the seller, while Jae Kim of RE/MAX 100 represented the buyer in the transaction.

September 30, 2022

Acquisitions North Carolina Office Southeast

CBRE|Triad Arranges Sale of Historic Office Campus in Greensboro, North Carolina

by John Nelson September 30, 2022

GREENSBORO, N.C. — CBRE|Triad has arranged the sale of the former Pilot Life Insurance Co. headquarters, a historic seven-building, 220,000-square-foot suburban office campus in Greensboro. Kisco Senior Living sold the property to Clachan Properties for an undisclosed price. David Hagan and Joe Stanley of CBRE|Triad represented the seller in the transaction and are currently marketing the two remaining land sites at the campus, which is named The Pilot of Sedgefield. Charlie Fulk of Meridian Realty represented Clachan, a Richmond-based investor that converts historic properties in the Carolinas and Virginia to modern-day apartments. The firm recently put the campus on the National Register of Historic Places. The property’s original three buildings were constructed in 1927 and served as the first suburban office campus in the history of North Carolina.

September 30, 2022

Illinois Leasing Activity Midwest Office

International Contractors Inks 17,700 SF Office Lease in Oak Brook, Illinois

by Kristin Harlow September 30, 2022

OAK BROOK, ILL. — International Contractors Inc. has signed a 17,700-square-foot office lease at 1 Mid America Plaza in the Chicago suburb of Oak Brook. The tenant is a 40-year-old construction management firm. Daniel Cawley and Brayden Schiff of Cawley Chicago represented the tenant in the lease transaction. Josh Feldman of Cushman & Wakefield represented the landlord, Crowe LLC.

September 30, 2022

Acquisitions Office Texas

DPR Investments Acquires 156,000 SF Office Park in San Antonio

by Taylor Williams September 30, 2022

SAN ANTONIO — Locally based firm DPR Investments has acquired One Park Ten, a 156,000-square-foot office park in San Antonio. The four-building development is located along the I-10 corridor, just inside Loop 410 on the city’s north side. DPR Investments purchased the property from Florida-based Accesso Partners with plans to implement a value-add program. The firm has tapped REOC San Antonio to lease the property.

September 30, 2022

Leasing Activity Office Texas

Commonwealth Projects Signs 20,755 SF Office Lease Expansion in West Houston

by Taylor Williams September 30, 2022

HOUSTON — Los Angeles-based design agency Commonwealth Projects has signed a 20,755-square-foot office lease expansion at One Riverway in Houston. The tenant now occupies a full floor at the 481,222-square-foot building, which is located on the city’s west side. Brad Fricks, Matt Asvestas and Danielle Rothchild of Stream Realty Partners represented the landlord, Unilev Capital Corp., in the lease negotiations. Noah Kruger of Savills represented the tenant.

September 30, 2022

Idaho Market Reports Office Western Western Market Reports

Metro Boise’s Population Growth Spurs Low Office Vacancy

by Jeff Shaw September 30, 2022

By Karena Gilbert, Office & Investment Associate, Colliers With a population of a little more than 795,000, the Boise metro area has consistently ranked as one of the fastest-growing places in the nation. Ada and Canyon counties saw a population increase of 7.8 percent from 2020 to 2022. This growth has brought both business and talent to the Boise area and around the state. In a city already ripe with highly skilled, educated and community-minded people, the influx of more talent helped stimulate the growth of local and newly planted companies. Unemployment was 2.4 percent in June 2022, its lowest since May 2018. We are once again seeing companies that have to work to attract and retain employees in this growing market. Boise office tenants have returned to work. There is a degree of remote work, along with the adoption of hybrid work, as many employers and employees are unsure how many days per week anyone will be required in the office. There is a strong desire to have employees back to work as it fuels collaboration, mentorship and training. Companies that had thought about reducing their footprint are now reconsidering and finding value in having a collaborative environment. Boise has smaller office users …

September 30, 2022

Leasing Activity Midwest Missouri Office

CBRE Signs 13,611 SF Office Lease at The Plaza in Clayton, Missouri

by Kristin Harlow September 29, 2022

CLAYTON, MO. — CBRE has signed a 13,611-square-foot office lease at The Plaza in the St. Louis suburb of Clayton. The firm has occupied space on the 14th floor of The Plaza since 2012 and will now move to the sixth floor in the first quarter of 2024. The new office is part of CBRE’s Workplace360 program. The new workplace will showcase CBRE’s “Future of Work” space standards, including new technologies and a variety of collaborative spaces designed to support hybrid working. The sixth floor provides access to the renovated outdoor terrace. Building owner Franklin Partners plans to add new amenities such as a clubroom, conference center, game room, fitness center, reception area and rooftop deck. CBRE launched its Workplace360 program in 2012 and has since opened more than 100 Workplace360 offices across the globe. CBRE Design Collective will manage the workplace design. Emily Levinson of CBRE’s Americas Consulting practice is leading workplace strategy.

September 29, 2022

Leasing Activity Office Texas

Law Firm Signs 12,500 SF Office Lease at One Legacy Circle in Plano

by Taylor Williams September 29, 2022

PLANO, TEXAS — Law firm Carstens, Allen & Gourley has signed a 12,500-square-foot office lease at One Legacy Circle in Plano. The firm, which specializes in intellectual property cases, now occupies the third floor of the newly renovated building. Roy Reis and Jim Hazard of Cresa represented the tenant in the lease negotiations. Russ Johnson and Lauren Perry of JLL represented the landlord, Franklin Street Properties Corp.

September 29, 2022

Leasing Activity Northeast Office Pennsylvania

Capital One Signs 22,382 SF Office Lease in Downtown Philadelphia

by Taylor Williams September 29, 2022

PHILADELPHIA — Capital One Finance Corp. has signed a 22,382-square-foot office lease at 1735 Market Street, a 54-story building in downtown Philadelphia. The lease term is nine years. Scott Gabrielsen of CBRE represented the tenant, which will relocate to the 37th floor from a suburban office next spring, in the lease negotiations. Internal agents Jeremy Moss and Keith Cody, along with Anthony LiVecchi, Tom Weitzel and Mitch Marcus of JLL, represented the landlord, a partnership between Silverstein Properties and Arden Group.

September 29, 2022

Bayer Headquarters at 67 Whippany Rd Whippany, NJ

Bohler Content Partner Development Features Life Sciences Midwest Northeast Office Southeast Texas Western

Life Sciences Developer Checklist: Processes to Accelerate Speed to Market

by Sarah Daniels September 29, 2022

Combinations of offices with laboratories, research and development spaces and/or manufacturing areas make life sciences facilities highly customizable. These multipurpose, technical spaces are in high demand from companies seeking first-class facilities for research-based advancements. Low vacancies, high rents and the chance to convert unused office or retail spaces on a faster timeline have prompted some creative approaches to retrofit existing space to fulfill the needs of science and technology tenants. In other instances, facilities must be built from the ground up to conform to best practices. But what factors matter most to the life sciences field? And how can developers increase their speed to market? Read on for tips and checklists for developers hoping to speed up the process of building or retrofitting these facilities. Industry Drivers: Speed to Market and Flexibility Office conversions into life sciences facilities offer a variety of options. Life sciences facilities often do not need to accommodate large trucks (eliminating circulation and loading dock concerns), they use office components and (most importantly) office conversions offer faster speed to market than other types of conversions. “Speed to market is most important for these developers/tenants. There is a shortage of space, so a well-designed, spec building will …

September 29, 2022

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