NEW YORK CITY — Vialto Group has signed a 10,000-square-foot office lease expansion in Manhattan’s Plaza District. The private equity firm now occupies 17,500 square feet across two floors at 545 Madison Avenue, a 17-story, 140,000-square-foot building. Tara Stacom led the Cushman & Wakefield team that represented the landlord, Marx Realty, in the lease negotiations. David Dusek, also with Cushman & Wakefield, represented Vialto Group.
JEFFERSON, LA. — Robertson St. Ventures LLC, a group of local real estate investors led by Richard Juge of REMAX Commercial Brokers, has acquired Elmwood Oaks Office Park, a four-building, 77,760-square-foot office campus located at 201 Evans Road in Jefferson, roughly eight miles west of New Orleans in Jefferson Parish. The seller and sales price were not disclosed. Robertson St. Ventures plans to invest over $1 million in renovations to modernize the 6.6-acre complex, which features surface parking and a courtyard with 300-year-old oak trees. Planned improvements include new flooring, paint, ceilings, lighting, energy-efficiency upgrades, enhanced landscaping and modernized tenant amenities such as renovated common kitchens and restrooms, as well as new outdoor amenities. One of the buildings at Elmwood Oaks is currently vacant, according to Robertson St. Ventures.
LAS VEGAS — LaPour and G2 Capital Development, as owners and developers, have completed the disposition of Narrative, an office building located along the 215 Beltway in Las Vegas. A private family investment office acquired the asset for $48 million, or $480 per square foot, in an off-market transaction. Colliers and Agilysys are anchor tenants at the 100,000-square-foot building, which was 95 percent leased at the time of sale.
LOS ANGELES — Lee & Associates LA North/Ventura has arranged the acquisition of a three-story office building located at 5550 Topanga Canyon Blvd. in the Warner Center/Woodland Hills submarket of Los Angeles. S&G Properties Management LLC acquired the property from an undisclosed seller for $10.1 million. S&G Property Management plans to occupy a portion of the 62,241-square-foot building for its company, Citiguard, a security guard company in California. Additionally, the new owner will invest capital into the building to renovate the interior and exterior, as well as create onsite amenities to attract tenants. Darren Casamassima, Scott Romick and Jay Rubin of Lee & Associates LA North/Ventura represented the buyer. The team will also oversee leasing of the property moving forward.
CHICAGO — Menashe Properties has acquired 125 S. Wacker Drive, a 31-story, 640,000-square-foot office tower in Chicago’s West Loop. The purchase price was $51.5 million, according to Crain’s Chicago Business. The news outlet reports that the seller, a venture of Montreal-based La Caisse, bought the building in 2017 for $145 million. The closing marks Menashe’s second major Chicago office investment since 2023. Located in the city’s financial district at the intersection of Wacker Drive and Adams Street, the property features immediate access to Union Station, Ogilvie Transportation Center and several CTA lines. The tower is LEED Gold and WiredScore Platinum certified. The building features an amenity center on the second floor that includes four conference rooms, a fitness center and reservable space for meetings, private gatherings and corporate events. Menashe plans to build spec suites at the building. Stream Realty Partners has been selected to handle leasing and property management. Mark Baby and Ben Cleveland will oversee leasing strategy, while Victoria Knudson will direct onsite operations. Menashe is a privately owned commercial real estate investment firm based in Portland, Ore.
KALAMAZOO, MICH. — NAI Wisinski of West Michigan has relocated its Kalamazoo office to a new space at 650 Trade Centre Way in Portage. The building is a five-minute drive from the firm’s previous location on Whites Road. The 2,400-square-foot office features seven private offices and an open workspace. The company says the new layout supports its expanding brokerage and property management services across the region. NAI Wisinski opened its Kalamazoo location in 2013.
HOUSTON — DCCM has signed a 10,738-square-foot office lease in Houston’s Post Oak district. The design, engineering and construction management firm has relocated its corporate headquarters to the third floor of the building at 1801 Post Oak Blvd. Greg Cizik of Colliers represented DCCM in the lease negotiations. Kristen Rabel and Nina Seyyedin of CBRE represented the undisclosed landlord.
NEW YORK CITY — A joint venture between Boston-based owner-operator The Davis Cos., Tribeca Investment Group (TIG) and ATCO will undertake a $50 million renovation of 630 Third Avenue, a 23-story, 261-445-square-foot office building in Midtown Manhattan. Renovations will include a full lobby remodeling, construction of a tenant amenity center and conferencing space and delivery of move-in ready office suites. Construction is set to begin in the first quarter and to last six to eight months. CBRE has been named as the leasing agent for 630 Third Avenue.
MOUNTAIN VIEW, CALIF. — The Swig Co. has completed the disposition of 399 El Camino Real, a vacant office building in Mountain View, to an undisclosed owner/user in an off-market transaction. Christine Slonek of Newmark advised the seller and the buyer. Located at 399 W. El Camino, the three-story office building features 29,500 square feet of office space. The Swig Co. acquired the property in 2007, and it was 100 percent occupied until 2023. Under its ownership, The Swig Co. designed and installed drought-tolerant landscaping, upgraded existing amenities and added electric vehicle charging stations.
WHEATON, ILL. — eXp Commercial, a division of eXp World Holdings Inc., has arranged the $1.5 million sale of a multifamily redevelopment property at 100 W. Roosevelt Road in Wheaton. The property includes two 12,000-square-foot office buildings on 1.2 acres. The buyer, a local developer, plans to redevelop the site into 22 multifamily units following successful rezoning from office to residential use. Randolph Taylor of eXp represented the undisclosed seller.