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Society-Atlanta-GA
DevelopmentFloridaMixed-UseMultifamilyOfficeRetailSoutheast

PMG, Greybrook Realty Partners Break Ground on 31-Story Mixed-Use Development in Midtown Atlanta

by Amy Works

ATLANTA — PMG and Toronto-based Greybrook Realty Partners have broken ground on Society Atlanta, a 31-story mixed-use development at 811 Peachtree St. in Midtown Atlanta. Designed by Cooper Carry, the mixed-use property will feature 460 residential units, 81,000 square feet of office space and 16,500 square feet of retail space. Juneau Construction Co. is serving as general contractor for project, which is slated to open in late 2024. Society Atlanta will offer traditional layouts alongside “rent-by-bedroom” (also known as co-living) options. Community amenities will include a rooftop pool and restaurant, a coworking lab with private conference rooms, a gym and a fitness studio. The property is the first of PMG’s Society Living multifamily platform to enter the Atlanta market.

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IllinoisLeasing ActivityMidwestOffice

Boston Consulting Group Pre-Leases 250,000 SF of Office Space in Chicago’s Fulton Market

by Kristin Harlow

CHICAGO — Boston Consulting Group (BCG) has signed a 15-year lease for roughly 250,000 square feet of office space at 360 North Green, an office and retail development planned for Chicago’s Fulton Market district. BCG will move 1,000 of its Chicago-based employees to the new office space and expects to take occupancy in 2025. Sterling Bay and J.P. Morgan Global Alternatives are the developers of the 24-story, 500,000-square-foot building, which was designed by Gensler. Construction of the building is expected to begin this summer. Nancy Pacher, Lisa Konieczka and Meredith Bell Frese of CBRE represented the tenant, while Russ Cora and Jess Brown represented ownership on an internal basis.

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AcquisitionsGeorgiaOfficeRetailSoutheast

Marcus & Millichap Brokers $9.1M Acquisition of Plantation Village Retail/Office Property in Macon, Georgia

by Amy Works

MACON, GA. — Marcus & Millichap has arranged the purchase of Plantation Village, a retail and office property located at 6255 Zebulon Road in Macon. A limited liability company acquired the 18-suite property from an undisclosed seller for $9.1 million. Jared Kaye and Sonny Molly of Marcus & Millichap represented the buyer in the deal. Built in 2005 on 7.9 acres, Plantation Village features 52,228 square feet of retail and office space. Current tenants include Moe’s Southwest Grill, Goodwill, Great Clips and T-Mobile.

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Leasing ActivityMidwestMissouriOffice

Academy Bank Relocates Corporate Headquarters in Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Academy Bank is relocating its corporate headquarters from Town Pavilion to 1201 Walnut in Kansas City. The bank’s new space will span 50,000 square feet across the building’s 10th, 11th and 12th floors. There will also a first-floor bank branch in the lobby. The family-owned community bank plans to make the move this fall. Ryan Biery of Copaken Brooks represented the landlord on an internal basis. Bryan Johnson of Colliers represented Academy Bank.

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AcquisitionsMidwestOfficeWisconsin

Barry Co. Brokers Sale of Historic Office Building in Milwaukee

by Kristin Harlow

MILWAUKEE — The Barry Co. has brokered the sale of a historic office building spanning 5,950 square feet in the Prospect Avenue Mansions Historic District of Milwaukee. Built in 1905, the property is located at 1429 N. Prospect Ave. Nick Zurich of Barry Co. represented the seller, LDG Investments LLC. James and Lauren Groh purchased the asset for an undisclosed price.

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Leasing ActivityNew YorkNortheastOffice

NYC Office Suites Signs 31,433 SF Lease at The Chanin Building in Manhattan

by Taylor Williams

NEW YORK CITY — NYC Office Suites, a provider of flexible workspace solutions, has signed a 31,433-square-foot lease at The Chanin Building, a 56-story tower located at 122 E. 42nd St. in Manhattan. The building was originally constructed in the late 1920s. Arkady Smolyansky and Roger Griswold of CBRE represented the tenant, which will occupy the entire fourth floor of the 56-story tower, in the lease negotiations. The name and representative of the landlord were not disclosed.

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DevelopmentIllinoisMidwestOffice

AmTrust RE Opens 22,000 SF Coworking Space at Chicago Office Tower

by Kristin Harlow

CHICAGO — AmTrust RE has opened a coworking space at 33 North Dearborn, a 329,000-square-foot office tower in Chicago’s Central Loop. Named AmTrust Office Suites (AOS), the concept spans 22,000 square feet and offers both coworking spaces and mini office suites. AOS offers flexible lease arrangements, including monthly, quarterly and annual agreements. All AOS tenants have access to the property’s amenities, including a fitness center, bourbon lounge and onsite restaurants.

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Leasing ActivityOfficeTexas

Ascent Solutions Signs 33,000 SF Office Lease at Cypress Waters in Coppell, Texas

by Taylor Williams

COPPELL, TEXAS — Cybersecurity firm Ascent Solutions has signed a 33,000-square-foot office lease at Cypress Waters, a 1,000-acre master-planned community located in the central metroplex city of Coppell. The lease spans the entire seventh floor of the building at 2999 Olympus Blvd. Cribb Altman of JLL and Shannon Reilly of Reilly Commercial represented the tenant, which plans to move in early next year, in the lease negotiations. Billingsley Co. owns Cypress Waters.

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1900-N-St-Washington-DC.jpg
AcquisitionsDistrict of ColumbiaOfficeSoutheast

JBG Smith Sells 269,000 SF Office Building in Washington, D.C. to Commerz Real AG

by Amy Works

WASHINGTON, D.C. — JBG Smith has completed the disposition of an office property located at 1900 N St. in Washington, D.C. German-based Commerz Real AG purchased the 269,000-square-foot asset for an undisclosed price. Designed by KPF architects, 1900 N features a triple-height lobby, superior window line and world-class amenity space. At the time of sale, the property was 82 percent leased to a mix of tenants, including Goodwin Proctor and Beverage & Diamond law firms, as well as CBRE’s Washington, D.C., office. Tommy Cleaver, Stuart Kenny and Dan Grimes of CBRE represented the seller in the transaction.

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AcquisitionsOfficeSoutheastVirginia

ABMAR Villa Park Acquires Lab, Warehouse Complex in Henrico County, Virginia for $12.4M

by Amy Works

HENRICO COUNTY, VA. — AMBAR Villa Park LLC has purchased Villa Park I, a flex lab/industrial complex located in Henrico County, from an undisclosed seller for $12.4 million. Located at 8040 Villa Park Drive, the 74,862-square-foot property offers significant warehouse and lab buildouts. At the time of sale, Villa Park I was 94 percent occupied by three tenants, including LabCorp and Technology Integration Group. LabCorp’s space is the company’s regional medical lab testing hub for Central Virginia, and Technology Integration Group leases 45 percent of the property. Eric Robison and Bo McKown of Cushman & Wakefield|Thalhimer’s capital markets group, along with Graham Stoneburner of Thalhimer, negotiated the transaction.

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