BURLINGAME, CALIF. — Matthews Real Estate Investment Services has arranged the sale of The Clock Tower, an office building in Burlingame. Sazze Partners, a venture capital firm from South Korea, acquired the asset for $5.4 million and plans to establish a U.S. office at the site. Located at 20 Park Road, The Clock Tower offers 6,815 square feet of office space. Marko Buljan of Matthews facilitated the transaction.
KANSAS CITY, MO. — National law firm Lathrop GPM LLP will move its Kansas City headquarters to a new 47,000-square-foot office at Stanton Road Capital’s 2323 Grand Boulevard. The firm is relocating from its roughly 111,000-square-foot space at 2345 Grand Boulevard, where it has been based since the 1970s. The new office will be designed to adopt the firm’s companywide shift toward a hybrid work approach and is slated for occupancy in summer 2026. Lathrop’s office will be located on floors seven and eight with nine conference rooms, private offices, open workspaces and employee wellness rooms. Located in the heart of downtown, 2323 Grand Boulevard sits at the intersection of the Crossroads Art District and Crown Center, directly across from Union Station and the new RideKC streetcar station. The 320,976-square-foot, 11-story building offers onsite parking, flexible floor plates and spec suites. Stanton Road Capital acquired the property in late 2017 and has updated the amenities, including a conference center, gym, tenant lounge, dining area and outdoor patio. Additionally, Grand Coffee Co. will open a location within the building. Travis Helgeson and Miles McCune of Range Realty Partners are the property’s leasing agents. Scott Bluhm of Newmark Zimmer represented Lathrop GPM …
ALVARADO, TEXAS — Bradford Commercial Real Estate Services has negotiated a 16,000-square-foot lease at an industrial flex building in Alvarado, a southern suburb of Fort Worth. The tenant, Legend Conversion, which provides custom automotive build-outs, will occupy the entire building at 4209 Longhorn Drive, which features 25-foot clear heights, four grade-level doors and two dock-high doors. Todd Lambeth and Cade Navarro of Bradford represented the landlord, AAN Development LLC, in the lease negotiations.
CHICAGO — Greenstone Partners has negotiated the $7.4 million sale of a 48,500-square-foot flex office and industrial building located at 1100 W. Monroe St. in Chicago’s Fulton Market neighborhood. The three-story property features efficient floor plates, industrial storage, three exterior docks on the first floor and 37 surface parking spaces. The asset, which was well maintained by an owner-occupant for more than 20 years, is located two blocks south of McDonald’s global headquarters. Jason St. John of Greenstone Partners represented the buyer, Alexander West Capital, the family office of the Leopardo family. The property will serve as the new home for Leopardo Construction’s Chicago operations. Andrew Davidson, Jay Beadle and David Kimball of Transwestern represented the seller, 1100 West Monroe LLC, an affiliate of Kolcraft Enterprises.
DALLAS — Clear Technologies Inc., a provider of data storage and management services, has signed an 8,286-square-foot office lease at The Quorum, a five-story, 86,750-square-foot building in North Dallas. Michael Doherty of Lincoln Property Co. represented the tenant, which is relocating from the nearby building at 16415 Addison Road, in the lease negotiations. Sunwest Real Estate Group owns The Quorum.
NEW YORK CITY — Rose & Rose has signed a 14,067-square-foot office lease at 250 Broadway in Lower Manhattan. The real estate law firm will occupy the entire 30th and 31st floors of the 648,000-square-foot building, which has undergone a host of capital improvements in recent years. Jacob Wolkenfeld of Norman Bobrow & Co. represented the tenant in the lease negotiations. Brad Gerla, Michael Rizzo and Alex Benisatto of CBRE, along with internal agent Anne Holker, represented the landlord, AmTrust RE.
NEW YORK CITY — Universal Music Group (UMG) has leased 88,000 square feet at Penn 2, a recently completed office tower in the Penn District campus within Midtown Manhattan. Vornado Realty Trust (NYSE: VNO) owns the property. The building will serve as the headquarters of iconic labels Def Jam Recordings, Island Records, Mercury Records and Republic Records, as well as Bravado, UMG’s merchandise company, and Verve Label Group. The property will also serve as the East Coast offices for Universal Music Publishing Group and several UMG corporate functions. UMG’s New York offices have been located at 1755 Broadway since the early 2000s, according to Variety. The global company’s corporate headquarters are in Hilversum, Netherlands. As part of a 22-year lease, UMG will occupy the entire fourth through seventh floors of Penn 2. UMG is also taking a ground-floor space along Seventh Avenue with future plans to debut a retail experience for music fans, as well as a private lobby on 33rd Street that will feature a visitor center and direct elevator access to its floors. UMG will be able to showcase its artists on large-scale LED signage within the Penn District. The new headquarters will be located within The Bustle, …
CHARLOTTE, N.C. — Florida-based SouthState Bank has signed a 40,000-square-foot office lease at 110 East, a 23-story office tower located at the intersection of East and South boulevards in Charlotte’s South End district. Chris Schaaf and Jim Thorpe of JLL represented SouthState in the lease transaction. Rhea Greene, Jennifer Kurz and John Hannon of Trinity Partners represented the landlord, a partnership between Stiles and Shorenstein Properties. Other committed tenants at the 370,000-square-foot office tower include Humana, Patterson Pope and Iberian Pig, a Spanish tapas dining concept by Castellucci Hospitality that will occupy a 4,600-square-foot restaurant on the ground level. SouthState Bank plans to take occupancy at 110 East in second-quarter 2026 and staff around 100 employees for its regional office hub. Hastings Architecture designed the office tower, which opened last year.
HOUSTON — Cresa has arranged the sale of a 124,480-square-foot office building in North Houston. The building sits on a 10-acre site at 785 Greens Parkway in the city’s Greenspoint neighborhood. According to LoopNet Inc., the building was originally constructed in 2002 and recently underwent capital improvements that upgraded select areas and systems, such as lighting and restrooms. Brandon Wuntch and Drew Altmann of Cresa represented the seller, GK Investments Group LLC, in the transaction and procured the buyer, Leva Patidar Samaj.
MCKINNEY, TEXAS — Locally based developer KDC has broken ground on a 13,500-square-foot headquarters and training facility in the northern Dallas suburb of McKinney. The project is a build-to-suit for Hugs Café, an organization dedicated to providing training and employment for adults with disabilities, and will feature a training kitchen, four classrooms, a rooftop deck and a patio. Corgan is the architect, and Brasfield & Gorrie is the general contractor. Completion is slated for next summer.
