ADDISON, TEXAS — Bank of America has renewed its full-building, 553,779-square-foot office lease at Hallmark Center I in the northern Dallas metro of Addison. The lease term is 10 years. Rhett Miller and Matt Wieser of Stream Realty Partners represented the landlord, The RMR Group, in the lease negotiations. Andy Leatherman and Bret Hefton of JLL in Dallas represented Bank of America, which signed its original lease to be the building’s sole occupant in 2013. Bank of America has also preleased half the space at Parkside Uptown, a 500,000-square-foot office building in Dallas that is under construction.
BOSTON — Locally based brokerage firm Atlantic Capital Partners has negotiated the $4 million sale of an 11,323-square-foot vacant commercial building in downtown Boston. According to LoopNet Inc., the building at 19-21 School St. was originally built in 1953 and can support both office and retail uses. Justin Smith, Chris Peterson, Sam Koonce and Matt Ericson of Atlantic Capital Partners represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
WASHINGTON, D.C. — The U.S. General Services Administration (GSA), along with the U.S. Department of Homeland Security, has awarded Clark Construction the $524 million contract to build the new headquarters for the Cybersecurity and Infrastructure Security Agency (CISA). The new 630,000-square-foot federal building will be located at the St. Elizabeths West Campus in Washington, D.C. As part of the Biden Administration’s goal to achieve net-zero emissions from federal buildings by 2045, the contract features $80 million to purchase low-embodied carbon construction materials including asphalt, concrete, glass and steel, as well as $35 million to meet high-performance green building standards. The new CISA building is designed to meet LEED Gold certification standards with sustainable features including chilled beams, a dedicated outside air system with energy recovery and demand-controlled ventilation, advanced lighting controls and a high-performance building envelope. The contract includes a nearly $115.9 million investment via the Inflation Reduction Act (IRA), making it the GSA’s largest single IRA investment to date. CNBC, citing data from the Massachusetts Institute of Technology (MIT) and the Rhodium Group, reports that companies have announced approximately $493 billion of investments in clean energy tech, infrastructure and electric vehicle manufacturing since the IRA was signed into law …
HOUSTON — Edge Capital Markets has arranged the sale of Southwest Corporate Center, a 525,580-square-foot office and healthcare property in Houston. The 39-acre site at 9700-9702 Bissonnet St. is located on the city’s west side and includes 8.6 acres of undeveloped land for future expansion. Texas Children’s Pediatrics, the State of Texas and DIRECTV are the anchor tenants at the property, which was originally built in 1975 and renovated in 2020, according to LoopNet Inc. Micha van Marcke and Chace Henke of Edge Capital Markets represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
NEW YORK CITY — Marcus & Millichap has brokered the $7 million sale of a 4,634-square-foot office and retail building in the Astoria area of Queens. The transit-served building at 2502-2508 31st St. houses retail space on the ground floor and office space on the second floor. Matt Fotis and Lazarus Apostolidis of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction.
WINSTON-SALEM, N.C. — HanesBrands Inc. has signed a 122,670-square-foot lease at 101 N. Cherry St., a seven-story office building located in Winston-Salem. The global clothing manufacturer plans to relocate its corporate headquarters to the property, which totals 224,900 square feet. Sam Haus, Will Henderson and Tara Alexander of CBRE represented the landlord, Truist Bank, in the lease negotiations. Amenities at the building include parking, a fitness center and onsite security.
CINCINNATI — Skanska will build a $164 million office building for Medpace, a clinical research company, in Cincinnati. The project involves a 562,000-square-foot, nine-story building featuring a six-story office tower atop a three-floor parking garage and conference center. The building will be constructed on the existing Medpace campus. Completion is slated for March 2027.
SCOTTSDALE, ARIZ. — Net Lease Office Properties has completed the sale of a single-tenant data center and office campus on Shea Boulevard in the Phoenix suburb of Scottsdale. Terms of the transaction were not released. Situated on more than 38 acres, the 354,888-square-foot asset serves as a mission-critical data and operations center for CVS. Peter Bauman and Tivon Moffitt of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the deal.
NAPERVILLE, ILL. — Bucksbaum Properties LLC has acquired River District, a retail and office property in downtown Naperville. Built in 1988, the asset sits on 2.7 acres at the southeast corner of Washington Street and Chicago Avenue. The property totals nearly 59,000 square feet of retail space with tenants such as Rosebud, Fat Rosie’s Taco & Tequila Bar, Chipotle and Five Guys, as well as 12,000 square feet of second-floor office space. The seller and sales price were not provided.
WASHINGTON, D.C. — CBRE has negotiated a 7,282-square-foot office lease at 1050 17th Street, a trophy 11-story office building in Washington, D.C. Randy Harrell, Lara Nealon, Joe Coleman and Brittany Gosnell of CBRE represented the landlord, Hines, in the lease negotiations. Tucker Farman of JLL represented the tenant, Allsteel, a manufacturer of workplace furnishings and products. The LEED Gold-certified office building features a fitness center, 100-person multipurpose conference center and a lounge on the second floor. Other tenants at the 154,000-square-foot property include Davis Polk and Dweck Properties.