WEST LAKE HILLS, TEXAS — A joint venture between regional investment firm Serpa Partners and Austin-based AQUILA Commercial has acquired Cielo Center, a 286,000-square-foot, three-building office campus in West Lake Hills, located just west of Austin. The property offers amenities such as a fitness center, conference facilities and a tenant lounge. The new ownership plans to implement capital improvements. The seller and sales price were not disclosed.
NEW YORK CITY — Sigma Computing Inc. has signed an 11-year, 28,286-square-foot office lease expansion in Midtown Manhattan. The AI-driven software company now occupies 92,363 square feet, including the entire third floor, at One Madison Avenue. Brent Ozarowski, Jeffrey Rodgers and Stephen Cisarik of Newmark represented the tenant in the lease negotiations. Paul Glickman, Alexander Chudnoff, Ben Bass and Diana Biasotti of JLL represented the landlord, SL Green.
LISLE, ILL. — Pure Processing, a developer and manufacturer of ergonomic medical device cleaning solutions, has signed a 29,313-square-foot headquarters lease at 2200 Ogden Ave. in Lisle. The move triples the company’s footprint from its previous location in Carol Stream and consolidates its office, light manufacturing, warehouse and showroom operations under one roof. Pure Processing now occupies more than half of the 59,971-square-foot flex industrial building. Steve Chrastka, Jack Brennan and Connor Dale of NAI Hiffman represented the tenant in the lease transaction, which began with planning and site selection in August 2024 and culminated in the firm’s move on Sept. 2. Pete Adamo of CBRE represented the landlord, Sperry Equities. The space at 2200 Ogden Ave. had more than 9,000 square feet of existing office space. The owner completed a turnkey build-out that included rebuilding and expanding office areas; enlarging breakrooms; and adding conference rooms, restrooms and warehouse space with storage racks and separate production and assembly areas. Construction also included a showroom where Pure Processing can display its sink systems and reprocessing equipment used in hospitals and gastrointestinal labs. Interwork Architects served as the project architect for the build-out, and BLC Construction was the general contractor.
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Webinar: From Hype to Readiness — How Commercial Real Estate Firms Are Preparing for AI
The November 18 France Media webinar “From Hype to Readiness — How Commercial Real Estate Firms Are Preparing for AI,” hosted by France Media and sponsored by Defease With Ease | Thirty Capital, offered a look at the realities of artificial intelligence (AI) within the industry. What can a year of AI use in commercial real estate tell us about implementation and tactics? Panelists touched on the limitations of general-purpose tools, as well as trending topics including safeguards, data privacy, accuracy and institutional control. For professionals engaged in commercial real estate, the session highlighted practical ways AI can elevate both day-to-day efficiency and organizational sophistication (especially if efforts are backed up by a unified library of proprietary portfolio data). Panelists discussed how purpose-built platforms can support underwriting, refinancing, internal reporting and ongoing asset optimization by using secure, updated data. The expert presenters gave concrete examples on how AI can act as an effort multiplier: it can strengthen accuracy, surface risks earlier and broaden the capabilities of team members. The included case study underscored real-world advantages, including improved reporting integrity, stronger oversight and better workflow automation. Register here to watch this brief webinar to gain helpful insights on integrating new technology …
HOUSTON — Renewa has signed a 13,051-square-foot office lease in Houston’s Post Oak district. The provider of renewable energy is taking space at the 421,954-square-foot building at 1980 Post Oak Blvd. J.P. Hutcheson and Amanda Nebel of Cushman & Wakefield represented the landlord, a partnership between Parkway Properties, 3Edgewood and Midway, in the lease negotiations. Brandi Sikes of SVN | J. Beard Real Estate represented the tenant.
BOSTON — WilmerHale has renewed its 201,018-square-foot office lease in downtown Boston. The international law firm will continue to occupy floors 25 through 32 at 60 State Street, a 600,000-square-foot building in which the company has been a tenant since 1977. Roy Hirshland, Thomas Fulcher, Arthur Greenberg, Ron Perry and Matthew Perry of Savills represented WilmerHale in the lease negotiations. Dan Cavanaugh, Ryan Enright and Patrick Nugen of JLL represented the landlord, Starwood REIT.
DOVER, N.J. — A joint venture between local investment firm Legacy Real Estate Developers, Saddleback Real Estate Developers and Commerce Park Investors has acquired a 126,108-square-foot office and industrial building in Dover, about 40 miles west of New York City. The building formerly housed the U.S. headquarters of Japanese electronics giant Casio. Elli Klapper of CBRE brokered the deal. The seller and sales price were not disclosed. The new ownership plans to implement a capital improvement program.
CHICAGO — USG Corp. has renewed its 165,000-square-foot office headquarters lease at 550 West Adams in downtown Chicago. The tenant manufactures high-quality building materials and has more than 50 manufacturing facilities across North America. Formed in Chicago in 1902, USG is the largest producer of wallboard in the U.S. and the largest manufacturer of gypsum products overall in North America. Chris Wood and David Stefancic of Cushman & Wakefield represented USG, while Mark Bâby and Katie Hull of Stream Realty Partners represented ownership, Manova Partners. Cushman & Wakefield negotiated USG’s original global headquarters lease in 2004 that coincided with the development of 550 West Adams. Cushman & Wakefield will also provide project management services to USG as part of a renovation of the space. Built in 2006 and located in the heart of the West Loop, 550 West Adams rises 18 stories and is LEED Gold certified. Last year, Manova completed a major renovation of the second-floor amenity space, adding a 50-seat conference center, upgrading the tenant lounge and installing a golf simulator and fitness center with showers and locker facilities. Additional amenities include a tenant concierge, a Chase Bank branch and ATM, lobby-level café, bike storage and heated parking …
NOBLESVILLE, IND. — USA Gymnastics will open its national office headquarters and Training & Wellness Center in Noblesville’s Innovation Mile district. Robert Hess, John Longshore, Stacy Davis and Ramya Gowda of Newmark represented the company in the two-year site selection process. The training center is expected to host National Team camps, competitions, coaching clinics and athlete wellness programs serving all gymnastics disciplines and thousands of athletes across the U.S. The Innovation Mile is a 600-acre business and technology district that is currently home to The Arena at Innovation Mile, the home of the G-League affiliate team to the NBA’s Indiana Pacers, as well as facilities for Caterpillar and the Indiana Orthopedic Institute. Future plans call for a mix of life sciences, healthcare and advanced manufacturing uses in the surrounding area.
CHICAGO — Colliers has negotiated a 24,800-square-foot office lease for Shamrock Trading Corp. at 151 N. Franklin St. in Chicago. With the lease, the Kansas City-based firm establishes a presence in downtown Chicago to complement its location in Lombard, Ill. Tom Volini and Sven Sykes of Colliers represented Shamrock, which is the parent company of a growing family of brands in transportation services, finance and technology. Designed by John Ronan Architects, 151 North Franklin is a 35-story, 807,000-square-foot office tower.