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DevelopmentLife SciencesNew JerseyNortheastOffice

SJP Properties Breaks Ground on 370,000 SF Office, Life Sciences Project in New Brunswick, New Jersey

by Taylor Williams

NEW BRUNSWICK, N.J. — New York City-based developer SJP Properties has broken ground on a 370,000-square-foot office and life sciences project in the Central New Jersey community of New Brunswick. The 10-story building will be known as the Nokia Bell Labs Headquarters facility and represents Phase II of a larger development known as the HELIX NJ Innovation District (previously known as HELIX Health + Life Science Exchange). SJP is developing the HELIX project in partnership with the New Brunswick Development Corp. PNC Bank provided construction financing for the project, completion of which is slated for late 2027.

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Leasing ActivityMidwestOfficeOhio

CBRE Opens 17,500 SF Office at Oswald Tower in Cleveland

by Kristin Harlow

CLEVELAND — CBRE has opened its new 17,500-square-foot office on the eighth floor of Oswald Tower at 950 Main Ave. in Cleveland’s Flats neighborhood. The firm has relocated from the second floor of the same building, where it provides leasing and property management services. The new office is part of CBRE’s Workplace360 program, which features innovative technology and a variety of collaborative spaces designed to support hybrid working. CBRE has opened more than 100 Workplace360 offices across the globe. CBRE has been an anchor tenant at the Cleveland office tower since the property was built in 2013.

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Company NewsOfficeSouth CarolinaSoutheast

Lima One Capital Relocates Headquarters in Downtown Greenville to 60,000 SF Office

by Abby Cox

GREENVILLE, S.C. — Lima One Capital, a direct private lender specializing in financing for real estate investors, has relocated to a 60,000-square-foot office space at 300 E. McBee Ave. in downtown Greenville, which has been redeveloped by Hughes Commercial Property. Lima’s new headquarters, which is also home to Prisma Health’s corporate headquarters, STIR restaurant and Ameris Bank, will house more than 200 of its employees on the second and third floors of the building. Lima One has been headquartered in Greenville since 2011 and is relocating from its current offices at 201 E. McBee and a nearby downtown satellite location. The company had originally signed on to anchor the $1 billion Greenville County Square development but terminated its lease last fall, according to Greenville News.

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AcquisitionsOfficeTexas

JLL Brokers Sale of 200,000 SF Office Building in The Woodlands, Texas

by Taylor Williams

THE WOODLANDS, TEXAS — JLL has brokered the sale of 10001 Six Pines, a 200,000-square-foot office building located about 30 miles north of Houston in The Woodlands. The building was completed in 2002, and the site includes 3.4 acres for future expansion. Kevin McConn, Jeff Cairns and Brandon Clarke of JLL represented the seller and former occupant Chevron Phillips Chemical, in the deal and procured the buyer, Beland Properties.

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Leasing ActivityOfficeTexas

Tri Pointe Homes Signs 24,000 SF Office Lease Renewal in West Houston

by Taylor Williams

HOUSTON — Tri Point Homes has signed a 24,000-square-foot office lease renewal in West Houston. The space is located within Atrium at Park Ten, a three-story, 140,000-square-foot building in the Energy Corridor area. Florida-based investment firm Accesso owns Atrium at Park Ten. Both parties were self-represented in the lease negotiations.

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Leasing ActivityOfficeTexas

Bank of America Renews 17,633 SF Office Lease in San Antonio

by Taylor Williams

SAN ANTONIO — Bank of America has renewed its 17,633-square-foot office lease at 5201 Broadway in San Antonio. The space is located in the Alamo Heights area on the city’s north side. Roger Hill of Partners Real Estate represented the undisclosed landlord in the lease negotiations. The tenant representative was also not disclosed.

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AcquisitionsColoradoOfficeWestern

Unique Properties/TCN Worldwide Brokers Sale of 16,122 SF Office Building in Denver

by Amy Works

DENVER — Unique Properties Inc./TCN Worldwide has arranged the sale of an office and warehouse property at 4825 N. Oakland St. in Denver. The asset traded for $2.1 million. Greg Knott and Earl Duffy of Unique Properties Inc./TCN Worldwide represented the seller and buyer in the deal. The names of the seller and buyer were not released.

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Leasing ActivityMidwestMinnesotaOffice

Barr Engineering to Relocate Headquarters to 85,000 SF Office in Richfield, Minnesota

by Kristin Harlow

RICHFIELD, MINN. — Barr Engineering Co. has unveiled plans to relocate its headquarters office to One Meridian Crossings in Richfield, a suburb of Minneapolis, in late 2026. The employee-owned engineering and environmental consulting firm serves clients in the fuels, manufacturing, mining, power and public sectors. Incorporated in Minnesota in 1966, Barr maintains offices across North America and client projects worldwide. Approximately half of the company’s 1,100 employees are based in the Twin Cities. Jim Damiani and Teresa Borgen of Newmark represented Barr in the lease negotiations. Barr’s new office will total 85,000 square feet, and the company is relocating from 4300 MarketPointe Drive in Bloomington, Minn.

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DevelopmentOfficeTexas

Fortis Property Group Begins Renovation of 55-Story Office Building in Downtown Dallas

by Taylor Williams

DALLAS — New York-based Fortis Property Group has begun the multimillion-dollar renovation of a 55-story office building in downtown Dallas. Dallas Arts Tower, formerly known as Chase Tower, is located at 2200 Ross Ave. and spans 1.2 million square feet. Renovations will include a transformation of the main lobby and second-floor mezzanine lounge area with new flooring, lighting and furniture, as well as upgraded elevators. A new, all-day café with outdoor seating will be added in the northwest corner of the lobby, and the project team will also introduce a new LED lighting system and valet parking services. Fortis has tapped Stream Realty Partners to lease the property.

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Leasing ActivityMidwestOfficeWisconsin

Cresa Negotiates 21,996 SF Office Headquarters Lease for Recovery.com in Madison, Wisconsin

by Kristin Harlow

MADISON, WIS. — Cresa has negotiated a 21,996-square-foot office lease for Recovery.com, which is more than doubling its headquarters space, in Madison. The new office is located at 316 W. Washington Ave. and the lease commences in September. The online provider of educational information about treatment for addiction and mental health will consolidate two existing local offices at 100 State St. and 301 S. Blount St. Matt Apter and Ross Rikkers of Cresa represented the tenant, while Jim Cavanaugh and Katie Brueske of Boerke represented the owner, Hovde Properties. Located two blocks from Capitol Square, the building totals 152,968 square feet and features a fitness center and Red Sushi, a restaurant on the ground floor.

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