CARMEL, IND. — JLL has completed the lease-up of The Agora at the Proscenium in the Indianapolis suburb of Carmel. The 100,000-square-foot office building is now home to Valeo, Schwarz Partners, Lauth, Gallagher, Lambda Chi Alpha, Cityscape Residential, Indy Knitwear and Renaissance Specialty Insurance. Lauth completed development of the property in the fall of 2020. The development also features luxury apartments and condos along with 40,000 square feet of retail space. John Vandenbark of JLL was the leasing agent for the office space.
HOUSTON — Texas-based accounting firm Weaver has signed a 60,247-square-foot office lease at 440 Post Oak Parkway in Houston’s River Oaks district. The space spans three floors of the 28-story building, which was originally constructed in 1982. The landlord, Florida-based CP Group, is in the midst of renovating the building to feature an activated lobby, fitness center, conference rooms, coffee bar, restaurant and outdoor green spaces. Scott Morse of Citadel Partners represented Weaver in the lease negotiations.
MIAMI — International law firm Sidley Austin LLP has signed a 60,000-square-foot office lease at 830 Brickell, a 55-story office tower nearing completion in Miami’s Brickell district. The building, developed in partnership by OKO Group and Cain International, is the first standalone office tower to be built in Brickell in over a decade. The office building is nearly 70 percent leased ahead of its late-2022 completion to tenants including Microsoft, New York-based insurance firm A-CAP, private equity firm Thoma Bravo, CI Financial, Marsh Insurance, AerCap and WeWork, among others. Brian Gale, Ryan Holtzman and Andrew Trench of Cushman & Wakefield represented the landlords in the lease deal. Jeff Gordon and Barbara Black of JLL represented Sidley Austin.
Greenbridge, Deutsche Bank Originate $150M Loan for The Reef Creative Office Building in Los Angeles
LOS ANGELES — Greenbridge Finance and Deutsche Bank have co-originated a $150 million refinancing for The Reef, a creative flex office property in downtown Los Angeles. Located at 1933 S. Broadway, The Reef offers more than 800,000 rentable square feet of creative space tailored for innovators, entrepreneurs and diverse creators. LA Mart, Maker City LA and Magic Box are tenants at the 12-story building, which also has a basement.
MCKINNEY, TEXAS — Locally based developer KDC has completed Phase II of Independent Financial’s $150 million office headquarters campus in the northern Dallas suburb of McKinney. Construction of the six-story, 198,000-square-foot building, which is located within the Craig Ranch master-planned development, began in early 2021. KDC completed Phase I of the project, which featured a 165,000-square-foot building on a 10-acre site, in summer 2019. Amenities include a fitness center, coffee bar and a grab-and-go dining area. Earlier this year, the project team purchased an additional 17 acres located northwest of the campus for further expansion, bringing the total footprint to 30 acres.
NEW YORK CITY — Financial technology firm iCapital has signed a 59,228-square-foot office lease expansion at One Grand Central Place in Manhattan. The company’s total footprint at the building now spans 141,224 square feet across six floors. Lauren Crowley Corrinet, Al Golod and Christopher Hogan of CBRE represented iCapital in the lease negotiations. Erik Harris, Neil Rubin, Scott Klau and William Cohen of Newmark, along with internal agent Jordan Berger, represented the landlord, Empire State Realty Trust.
AVON, OHIO — Bendix has taken occupancy of its new 231,000-square-foot office headquarters in Avon, a western suburb of Cleveland. Bendix develops safety technologies, energy management solutions and air brake charging and control systems for trucks, trailers, buses and other commercial vehicles throughout North America. The build-to-suit project is LEED-certified and features a fitness facility, lab space and private meeting rooms. JLL’s project and development services team assisted Bendix on every aspect of the project, from budgeting and site selection to design. Geis Construction served as the general contractor, and GLSD Architects served as the architect, engineer and LEED specialist. Hasenstab Architects designed the lab space. Bendix was previously headquartered in Elyria, Ohio.
RICHARDSON, TEXAS — Venture Investment Partners has purchased The Shire at CityLine, an 83,256-square-foot office and retail property located in the northeastern Dallas suburb of Richardson. The property was built on 6.2 acres between 2005 and 2006 and was 85 percent leased at the time of sale. Tenants include Sweeney Eye Associates, Dogtopia, Shire Pediatrics, North Texas Dermatology, Anaya’s Seafood, Republic Title, Modern Dental, Ameriprise, Re/Max and Gillespie’s Tavern. Adam Howells, Barry Brown, Jack Copher and Beth Copeland of JLL represented the seller, locally based investment firm Standridge Cos., in the transaction.
NEW YORK CITY — Newmark has arranged $175 million in debt and equity financing for Park 53, a 129,000-square-foot boutique office building in Midtown Manhattan. The financing consists of a $120 million acquisition loan and $55 million in equity from Acres Capital. The 20-story building was originally constructed in 1991 as the New York City headquarters of Santander Bank. The borrower, a joint venture between ZG Capital Partners and Rialto Capital Management, plans to upgrade the lobby and elevators, activate outdoor gathering spaces and add two amenity centers. Dustin Stolly, Jordan Roeschlaub, Daniel Fromm, Eden Abraham and Michael Dorfman led the transaction for Newmark.
NEW YORK CITY — Berkley Insurance Co. has signed a 60,000-square-foot office lease renewal at 757 Third Avenue, a 504,953-square-foot building in Midtown Manhattan. The new lease term is eight years, and the space spans the 10th and 11th floors. The 26-story building offers tenant amenities such as a lounge, full kitchen, pantry, coffee bar, wellness club and conference space. Mitchell Konsker, Clark Finney, Simon Landmann and Lance Yaskinsky of JLL represented the landlord, institutional investment firm BentallGreenOak, in the lease negotiations. Tom Gibson of Newmark represented the tenant.