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DevelopmentMichiganMidwestMixed-UseOffice

Bedrock Delivers 12-Story Office Building at $1B Hudson’s Detroit Development

by Kristin Harlow

DETROIT — Bedrock has completed the 12-story office building at 1240 Woodward Ave. that is part of the Hudson’s Detroit development. Designed by SHoP Architects, the building adds more than 400,000 square feet of Class A office space, retail space, an event venue and a rooftop lounge on the 12th floor that will open in 2026. The project’s 56,000-square-foot event space, dubbed The Department at Hudson’s, opened earlier this year. Bedrock expects to open the 45-story tower component of Hudson’s Detroit in 2027. The 685-foot skyscraper, the second-tallest building in the state, will include dining space, The Detroit EDITION hotel and The Residences at The Detroit EDITION, rounding out the development’s total square footage to 1.5 million square feet. Hudson’s Detroit is the redevelopment of the former J.L. Hudson Department Store, which once stood as the tallest department store in the world, according to Bedrock. The store shuttered in 1983 and was imploded in 1998, according to Crain’s Detroit Business. Construction on Hudson’s Detroit began in December 2017. The development faced design changes, delays and project costs that ballooned to more than $1 billion.   “Ten years in the making, Hudson’s Detroit is elevating downtown and creating space for the …

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AcquisitionsIllinoisMidwestOffice

SVN Chicago, Capital Real Estate Broker Sale of 53,818 SF Office Building in Aurora, Illinois

by Kristin Harlow

AURORA, ILL. — SVN Chicago Commercial’s Next Level Team, in collaboration with Capital Real Estate Partners, have brokered the sale of a 53,818-square-foot office building in Aurora. The property at 711 N. Commons Drive was sold vacant. Jennifer Hopkins and Olivia Czyzynski of SVN Chicago Commercial and Jay Scholten and Scott Fedyski of Capital Real Estate represented the seller, Liberty Commons NFP. Adam Johnson of NAI Hiffman represented the buyer. The asset garnered five qualified offers and went under contract within three months of hitting the market.

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Leasing ActivityNorth CarolinaOfficeSoutheast

CoCoTiv Coworking Signs 25,244 SF Office Lease at Whitehall Corporate Center in Charlotte

by Abby Cox

CHARLOTTE, N.C. — CoCoTiv Coworking, a French-American cooperative workspace provider, has signed a 25,244-square-foot lease at Whitehall Corporate Center IV in Charlotte. Christianna Williams and Zach McLaren of Cresa represented CoCoTiv in the lease negotiations. This lease marks CoCoTiv’s second location in the Charlotte market. Built in 2007, Whitehall Corporate Center IV, a 210,000-square-foot office building owned by American Asset Corp., is situated within the 700-acre master-planned community of Whitehall. Whitehall Corporate Center features six office buildings, along with a technology park, corporate center, retail district, various residential communities and a nature preserve.

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International-Place-Boston
Leasing ActivityMassachusettsNortheastOffice

KKR Signs 132,529 SF Office Lease at Two International Place in Downtown Boston

by Taylor Williams

BOSTON — Global private equity firm KKR has signed a 15-year, 132,529-square-foot office lease at Two International Place in downtown Boston. International Place is a 1.8 million-square-foot complex that was built in phases between 1987 and 1992 and is currently in the midst of a $100 million renovation. JLL and Cushman & Wakefield co-represented KKR in the lease negotiations. Newmark represented the landlord, The Chiofaro Co., which owns International Place in partnership with PGIM.

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KansasMarket ReportsMidwestMidwest Market ReportsMissouriOffice

From Stability to Selective Growth: Kansas City’s Office Market in Focus

by Kristin Harlow

By Anné Erickson, JLL Kansas City’s appeal is catching the attention of companies looking for more than just square footage. From corporate relocations like Fiserv and expansions by Propio Language Services, to a deep talent pool, business-friendly environment and central location, the metro is emerging as a strategic choice for growth. These factors are fueling activity in a market already defined by stable fundamentals, headline lease transactions and a strong flight-to-quality trend. While the overall vacancy rate remained at 20.2 percent according to JLL’s Q2 2025 Kansas City Office Market Dynamics report, the quarter delivered 192,000 square feet of positive net absorption, reversing early-year declines. Average asking rents held steady at $22.98 per square foot, signaling stability despite the competitive environment. For tenants seeking to secure best-in-class space, and investors targeting properties with long-term upside, Kansas City is increasingly worth a closer look. Flight to quality One of the clearest shifts in recent quarters has been the move toward high-quality, well-located buildings that can support hybrid work, collaboration and tenant amenities. After several years of shorter lease terms and cautious decision-making, companies are now committing to space that reflects their long-term workplace strategies. This was evident in several major second-quarter …

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Leasing ActivityOfficeTexas

EY Signs Office Lease Renewal at One Victory Park in Uptown Dallas

by Taylor Williams

DALLAS — Accounting giant EY has signed an office lease renewal at One Victory Park, a 17-story, 435,606-square-foot building in Uptown Dallas. The square footage and term of the lease were not disclosed. Matt Schendle and Carrie Halbrooks of Cushman & Wakefield represented the landlord, Clarion Partners, in the lease negotiations. Glenn Dyke, Phil Puckett and Harlan Davis of CBRE represented EY.

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15-Broad-St.-Boston
LoansMassachusettsNortheastOffice

JLL Arranges $8M in Financing for Downtown Boston Office Building

by Taylor Williams

BOSTON — JLL has arranged $8 million in financing for a 75,000-square-foot office building located at 15 Broad St. in downtown Boston. The 10-story building was originally constructed in 1910. Amy Lousararian and Hugh Doherty of JLL arranged the five-year, fixed-rate loan through MountainOne Bank. The borrower, local owner-operator Broder, plans to use proceeds to fund capital improvements, including a redesign of the lobby, upgrading of common areas and the introduction of a new amenity package.

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AcquisitionsCaliforniaOfficeWestern

Joint Venture Buys Two Office Properties in San Francisco Totaling 494,552 SF

by Amy Works

SAN FRANCISCO — A joint venture between Lincoln Property Co. and New York Life Real Estate Investors (NYLREI) has acquired two Class A office buildings totaling 494,552 square feet in San Francisco. The properties, 353 Sacramento Street and 600 Townsend Street, are located in the heart of the Financial District and Design District submarkets, respectively. Located between Jackson Square and the North Financial District, 353 Sacramento is a 23-story, 284,751-square-foot office tower. The building has undergone extensive renovations since 2016, including a new lobby, upgraded elevator systems and modernized elevator lobbies and restroom renovations. Building amenities include lockers, showers and a bike room. Lincoln and NYLREI will build out a full-floor amenity center with two outdoor terraces, a fitness center, conferencing facilities and a tenant lounge in addition to move-in ready tenant speculative suites. Current tenants include Wells Fargo, Ramp, Merge and Even-up Law. Situated in the Showplace Square submarket, the five-story 600 Townsend offers 209,801 square feet of creative office space. The property features high-end creative improvements, a significant solar project overhaul, a modernized lobby and an outdoor patio/lounge. The building is nearly fully leased by SS&C Advent and PagerDuty. Onsite amenities include a lobby, outdoor common area and secure …

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IllinoisLeasing ActivityMidwestOffice

Verizon Renews 128,894 SF Office Lease at Continental Towers in Suburban Chicago

by Kristin Harlow

ROLLING MEADOWS, ILL. — Verizon has renewed its 128,894-square-foot office lease at Continental Towers, an office campus located at 1701 Golf Road in the Chicago suburbs of Rolling Meadows. Joe Stevens and Steve Degodny of Transwestern Real Estate Services represented ownership, while Jon Springer and Andrew Kaplan of CBRE represented Verizon, which has been a tenant at Continental Towers since 2016. The lease marks one of the largest office deals completed in Chicago’s Northwest suburban submarket in 2025, according to Transwestern. Continental Towers comprises 910,000 square feet in four buildings: three 12-story office buildings and an amenity-driven property known as the Hub, plus 1 acre of outdoor space. Tenants have access to a fitness center, conference center, tenant lounge, game room, underground parking and delicatessen. A pickleball court, golf simulator room and two basketball courts will soon be available for tenant use.

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AcquisitionsNorth CarolinaOfficeSoutheast

Town Lane, Trinity Capital Purchase 440 South Church Office Building in Uptown Charlotte for $75.8M

by John Nelson

CHARLOTTE, N.C. — A partnership between New York-based Town Lane and locally based Trinity Capital Advisors has purchased 440 South Church, a 15-story office building located in Uptown Charlotte. The seller and purchase price were not disclosed, but Charlotte Business Journal reported that New York-based Epic Investment Partners sold the building for $75.8 million. Patrick Gildea and Matt Smith of CBRE represented the seller in the transaction. J.P. Cordeiro, Mike Ryan and Brian Linnihan of CBRE’s Debt & Structured Finance team arranged acquisition financing. Built in 2009 and lightly renovated in 2022, 440 South Church’s occupancy rate was 47 percent at the time of the sale. Town Lane and Trinity Capital, which is also the 388,657-square-foot tower’s original developer, plan to invest $20 million in capital improvements and renovations, including an overhauled lobby, new lounges, new street-level retail space, updated building systems and upgrades to the amenity level on the second floor. Tenants at 440 South Church include Driven Brands and HDR Engineering.

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