PLANO, TEXAS — Airspan Networks has signed a 12,363-square-foot lease expansion in Plano. The global provider of 5G access and transport solutions is consolidating its Florida and California operations to R&D at Legacy, a 374,275-square-foot flex development, where Airspan now occupies roughly 26,000 square feet. Josh Walpole of Walpole Realty Group represented the tenant in the lease negotiations. Chase Lopez, James Mantzuranis and Sam Bass of Stream Realty Partners represented the landlord, BH Properties.
ANAHEIM, CALIF. — CBRE has brokered the sale of an office building located at 2300 E. Katella Ave. in Anaheim. The property traded for $15.1 million. Anthony DeLorenzo, Sammy Cemo and Bryan Johnson of CBRE represented the institutional seller in the transaction. Situated in Anaheim’s Platinum Triangle, the four-story property offers 69,032 square feet of office space.
NEW CENTURY, KAN. — Newmark Zimmer has brokered the sale of a corporate campus with two buildings totaling 468,255 square feet in New Century. New Century 202 LLC, an entity affiliated with Sky Real Estate, was the buyer. Tommy Gentry and Trey DeRousse of Newmark Zimmer represented the Johnson County Government in the transaction. Located within the New Century AirCenter business park, the campus was originally developed in the early 1980s as a headquarters facility. The property most recently served as a regional headquarters for CenturyLink before becoming vacant. The larger building totals 455,098 square feet, while the smaller building spans 13,157 square feet. Situated on 36 acres, the campus features a traditional corporate headquarters layout with expansive floor plates designed to support a large employee base. The property also includes extensive surface parking and infrastructure that historically supported telecommunications and data center operations. The buyer plans to evaluate a range of potential uses for the property and will conduct a comprehensive review of the campus to determine the highest and best use moving forward.
PHILADELPHIA — RSM US LLP has signed a 22,340-square-foot office lease in downtown Philadelphia. The provider of assurance, tax and consulting services is relocating from 30 South 17th Street to the entire 21st floor at 1735 Market Street, a 54-story, 1.3 million-square-foot tower. Newmark and Cushman & Wakefield co-represented the tenant in the lease negotiations. Keith Cody and Gordon Hough represented the landlord, Silverstein Properties, on an internal basis.
ALPHARETTA, GA. — Onward Investors, an alternative investment firm based in Minneapolis, has recently taken ownership of a 306,000-square-foot office property in Alpharetta, a northern suburb of Atlanta. The buildings include 800 and 900 North Point Parkway, which sit north of the Ga. Highway 400 and Old Milton Parkway interchange. Onward Investors acquired the senior loan secured by the property last October. 800 and 900 North Point Parkway were 45 percent leased at the time of sale and include a recently reimagined courtyard, tenant lounge and conference center.
ATLANTA — Sage, an accounting, HR and finance tech firm, has expanded its office footprint at 619 Ponce, a four-story, mass-timber loft office building at Ponce City Market. The newly built office building is part of the expansion of Ponce City Market, a large mixed-use redevelopment campus in Atlanta’ s Old Fourth Ward district that reimagined the historic, 2.1 million-square-foot Sears Roebuck building that reopened in 2014. Sage has expanded its lease at 619 Ponce by 32,000 square feet, bringing the firm’s total footprint to 89,000 square feet across three floors. Sage expects to occupy its new space in the fall, bringing in an additional 200 employees to join the 450 associates already working at the office building. Cushman & Wakefield represented the tenant in the lease negotiations. CBRE represented the landlord, locally based Jamestown. Delivered in 2024, 619 Ponce is now fully leased.
NEW YORK CITY — Local owner-operator GFP Real Estate has received an $86.5 million loan for the refinancing of 515 Madison Avenue, a 42-story office building in Midtown Manhattan. Originally constructed in 1932, the 350,000-square-foot structure is known locally as the DuMont Building, a name that references the building’s role in the first television broadcasts of Allen DuMont’s experimental station W2XWV in 1938. Today, the building is home to tenants such as Encore Physical Therapy, Longacre Asset Management and GFP Real Estate itself. Paul Talbot of Newmark arranged the 10-year, floating-rate loan, which retires a $120 million loan that was originated in 2012 and had a balance of $81 million, through Apple Bank.
WILMINGTON, MASS. — Regional brokerage firm Hunneman has negotiated a 42,060-square-foot lease at a flex building in the northern Boston suburb of Wilmington. The tenant is Goddard Technologies, a developer of medical devices and robotics, and the space is located within the 123,000-square-foot building at 205 Lowell Street, which can support both office and lab uses. Chris Curley, Mike Allen and Ken Oppenheim of Hunneman, along with internal agent James McManus, represented the landlord, Howland Development, in the lease negotiations.
CUPERTINO, CALIF. — Northmarq has arranged $145 million in refinancing for The Towers at Cupertino City Center, a two-building office campus in Cupertino. Prometheus Real Estate Group owns and operates the Class A property. Nathan Prouty, Andrew Slaton and John Holt of Northmarq secured the financing for the borrower through Wells Fargo. Located at 20400 and 20450 Stevens Creek Blvd., the campus offers 357,502 square feet of office space on a 3.2-acre site at the intersection of Stevens Creek and De Anza boulevards. Originally constructed by Prometheus in 1989, the property underwent significant renovations in 2022.
NEW YORK CITY — Newmark has brokered the sale of a 32,400-square-foot office and retail building in Manhattan’s SoHo district. The landmark five-story building at 61–63 Crosby St. was fully leased at the time of sale to office users such as Comcast Ventures, Aptos Labs and SISTER Group. Patagonia’s New York City flagship store anchors the building’s retail component. The buyer was local investment firm Vertex, and the seller was undisclosed. Adam Spies, Adam Doneger, Josh King, Marcella Fasulo and Meaghan Philbin of Newmark brokered the deal.