IRVING, TEXAS — Locally based developer KDC has broken ground on an 850,000-square-foot office campus in Irving’s Las Colinas district that will serve as the new regional headquarters for Wells Fargo. The campus will consist of two 10-story, 400,000-square-foot buildings and a connecting parking garage, as well as various open green spaces, all on a 22-acre site. The San Francisco-based bank is consolidating its regional real estate footprint and expects to employ about 3,000 people at the campus, inclusive of the hiring of 650 new staffers. Completion is slated for late 2025.
DALLAS — Glenstar Properties has completed the multimillion-dollar renovation and expansion of Premier Place, a 457,900-square-foot office building located at 5910 N. Central Expressway in North Dallas. Glenstar acquired the property, which was originally built in 1985, in late 2019. The project expanded the lobby, renovated the conference room and added a 3,000-square-foot space for an indoor/outdoor tenant lounge with a coffee and cocktail bar. Premier Place also features a 62,000-square-foot LifeTime Fitness facility on the sixth and seventh floors. Five new tenants have signed leases since the completion of the project.
DALLAS — Single-family homeowner and property management firm Invitation Homes has signed a 50,000-square-foot office lease at Lincoln Centre, a 1.6 million-square-foot campus in North Dallas. Lincoln Centre recently underwent a multimillion-dollar renovation, and the property now offers amenities such as a food hall, lobby lounge, coffee bar, fitness center, conference facilities, a working mothers’ room and a wine lounge. Matt Schendle, Clint Madison and Zach Bean of Cushman & Wakefield represented the landlord, Nuveen Real Estate, in the lease negotiations.
LOS ANGELES — CBRE has arranged the sale of The Garfield Building, a 102,219-square-foot vacant office building in downtown Los Angeles. A Bay Area family office purchased the property for $19 million. The investor is planning to convert the 12-story historic building into a boutique hotel. The Garfield Building features 20-foot-high lobby ceilings and is listed on the National Register of Historic Places. It was originally an office building, but has been vacant for several years. CBRE’s Phillip Sample, Chris Caras, Michael Shustak and Andrew Turf represented the seller, a private investor that owned the building for more than 30 years. Wendell Jones of Realty One Group Infinity represented the buyer.
NEW YORK CITY — Law firm Cohen Clair Lans Greifer & Simpson LLP has signed a 17,862-square-foot office lease at 919 Third Ave. in Midtown Manhattan. The lease term is 10 years. The 47-story, 1.5 million-square-foot building was originally constructed in 1970 and recently underwent a capital improvement program. Robert Alexander, Ryan Alexander, Emily Chabrier, Taylor Callaghan, Alex D’Amario and Nicole Marshall of CBRE represented the landlord, SL Green, in the lease negotiations. Craig Reicher and James Ackerson, also with CBRE, represented the tenant.
DALLAS — Insurance giant Chubb has signed a 50,000-square-foot office lease at Lincoln Centre, a 1.6 million-square-foot campus in North Dallas. Lincoln Centre recently underwent a multimillion-dollar renovation, and the property now offers amenities such as a food hall, lobby lounge, coffee bar, fitness center, conference facilities, a working mothers’ room and a wine lounge. Matt Schendle, Clint Madison and Zach Bean of Cushman & Wakefield represented the landlord, Nuveen Real Estate, in the lease negotiations.
HESPERIA, CALIF. — Progressive Real Estate Partners has arranged a 5,020-square-foot lease for West Coast Dental (WCD) at Hesperia Square in Hesperia, a city in San Bernardino County. WCD has signed a 10-year lease at the property, which Vallarta and Dollar Tree anchor. Albert Lopez of Progressive represented the landlord in the negotiations. Chris Beauchamp of Lee & Associates represented the tenant.
ROCKY HILL, CONN. — Michael Baker Engineering Inc. has signed a 9,158-square-foot office lease at 500 Enterprise Drive in Rocky Hill, a southern suburb of Hartford. The building is located within the 506,500-square-foot Corporate Ridge development, which offers a fitness center, game room, outdoor gathering areas and a full-service cafeteria. Bob Kelly and Jon Putnam of Cushman & Wakefield represented the landlord, KS Partners LLC, in the lease negotiations. The representative of the tenant was not disclosed.
CHICAGO — Antares Capital has signed an 87,586-square-foot office lease for floors 41 through 43 at 320 South Canal in Chicago. Riverside Investment and Development and Convexity Properties co-developed the new 52-story office tower, which was completed in December 2022. Antares is a provider of financing to private equity-backed borrowers and a credit manager with more than $60 billion of capital under management. The firm is relocating from 500 West Monroe where it occupies 69,646 square feet. Designed by Goettsch Partners, 320 South Canal is situated immediately south of Union Station and is now 68 percent leased. Additional tenants include BMO, Skadden Arps, National Futures Association and Ullico. The Green, a 1.5-acre, privately owned outdoor park, sits on the west side of the building. Michael Sessa, Dan Maslauski and Jack Deroche of Cushman & Wakefield represented Antares in the lease. Christy Domin and Drew Neiman represented Riverside on an internal basis.
OVERLAND PARK, KAN. — SomeraRoad Inc. has welcomed the second tenant at Summit52, the recently renovated 300,000-square-foot office building in Overland Park that formerly served as the headquarters of Swiss Re. Blue Chair LLC and its affiliated companies will occupy 21,000 square feet on the third floor of the south building. Blue Chair, a management and holding company for Gragg Advertising, Lever 1 and IntegriShield, plans to move into its new space in the second quarter. Existing tenant IAC signed a lease for 60,000 square feet last year. Evan Warwick of Colliers represented Blue Chair in the lease. Ross Simpson and RC Jensen of Colliers represented SomeraRoad, which acquired the property in summer 2020.