Office

Norris & Stevens Brokers $1.5M Sale of Office/Warehouse Building in Portland

by Amy Works March 26, 2021

PORTLAND, ORE. — Norris & Stevens has arranged the sale of an office/warehouse property located at 1623 SE Sixth Ave. in Portland. Thomas Dwight Short Revocable Trust sold the building to 1623 SE Pants LLC for $1.5 million. Constructed in 1932 with additions in 1945 and 1966, the 11,318-square-foot building offers 2,370 square feet of office space and 8,948 square feet of warehousing space. Todd VanDomelen of Portland-based Norris & Stevens represented the seller, while Eli Haworth of Cloud City Realty represented the buyer in the transaction.

March 26, 2021

Development Industrial Massachusetts Northeast Office

Edwards Vacuum to Open 121,800 SF Office, Industrial Facility in Haverhill, Massachusetts

by Taylor Williams March 26, 2021

HAVERHILL, MASS. — Edwards Vacuum, a manufacturer owned by Swedish industrial conglomerate Atlas Copco, will open a 121,800-square-foot facility in Haverhill, located north of Boston. The property will feature space for office, manufacturing, warehousing and research and development. The largest portion of the first floor centers on manufacturing, alongside warehouse/storage, R&D labs, a training room, cafeteria, fitness area and bike storage space. Offices, conference rooms and an observation room will be situated in the mezzanine area. Dacon Corp. is designing the project, which is expected to bring about 200 new jobs to the area. Completion is slated for the second quarter of 2022.

March 26, 2021

Leasing Activity New York Northeast Office

Hellman & Friedman Signs 27,800 SF Office Lease at 425 Park Avenue in Manhattan

by Taylor Williams March 26, 2021

NEW YORK CITY — Global private equity firm Hellman & Friedman has signed a 27,800-square-foot office lease at 425 Park Avenue, a 47-story tower in Midtown Manhattan that is nearing completion. The firm signed a 15-year lease and will relocate from the nearby Lever House building at 390 Park Ave. during the fourth quarter. Jonathan Serko, Barry Zeller, Andrew Ross, Richard Serko, Ed Donnery and Mike Middleton of Cushman & Wakefield represented Hellman & Friedman in the lease negotiations. Andrew Wiener and David Berkey represented the landlord, L&L Holding Co., on an internal basis.

March 26, 2021

Development Louisiana Office Southeast

Hertz Investment Group Opens Connect Hub Coworking at 400 Poydras Tower in New Orleans

by Julia Sanders March 25, 2021

NEW ORLEANS — Hertz Investment Group has opened a new coworking space in New Orleans called Connect Hub Coworking at 400 Poydras Tower. The space is situated on the ninth floor within Hertz’s 400 Poydras Tower, a 32-story, 620,000-square-foot office building in the city’s central business district. Hertz invested about $1 million into the project. According to Jim Ingram, chief investment officer of Hertz, the property is offering desk-to-office options for remote workers, those splitting time between home, field and/or office and growing businesses in need of flexible lease agreements. The property offers offices suites ranging from 100 square feet to 100,000 square feet, as well as fiber internet, conference rooms and onsite management. Connect Hub is one of 80 tenants at 400 Poydras Tower. 400 Poydras Tower tenants include IMTT, Accruent, Entercom, Regions Bank and Reily Foods. Hertz Investment Group is a real estate investment firm based in Woodland Hills, Calif. The company currently operates seven properties in New Orleans, including First Bank and Trust Tower, Poydras Center and 400 Poydras Tower.

March 25, 2021

Illinois Leasing Activity Midwest Office

Codal Relocates to Chicago’s Old Post Office with 15,972 SF Lease

by Kristin Harlow March 25, 2021

CHICAGO — Codal, a digital development and consulting firm, has signed a 15,972-square-foot office lease at Chicago’s Old Post Office development. Relocating from 11 E. Hubbard St., the company is expanding by approximately 10,000 square feet and expects to take occupancy of its new space this summer. The firm currently has 50 employees and says it will more than double that headcount over the next few years. Eastlake Studio designed the space. Brad Serot and Tony Coglianese of CBRE represented Codal in the lease. Dan Heckman and Matt Whipple of Telos Group represented ownership.

March 25, 2021

Kansas Leasing Activity Midwest Office

Copaken Brooks Negotiates New Office Lease at Lenexa City Center in Kansas

by Kristin Harlow March 25, 2021

LENEXA, KAN. — Centralized Supply Chain Services (CSCS) has joined the tenant lineup at The District at Lenexa City Center in Lenexa. Copaken Brooks is the owner and developer of the mixed-use development. CSCS is relocating from 8140 Ward Parkway to the second and third floors of Penn II, leasing approximately 6,500 square feet of office space. CSCS is a restaurant supply chain company and the exclusive purchasing agent for the Applebee’s and IHOP brands. Headquartered in Kansas City with an office in Glendale, Calif., the company provides procurement, inventory and distribution services for its clients. When fully developed, Lenexa City Center will consist of more than 2 million square feet, including civic components for the City of Lenexa, nearly 1 million square feet of office and retail space, and 375 residential units.

March 25, 2021

Leasing Activity Office Texas

Vinson & Elkins Signs 50,273 SF Office Lease at Indeed Tower in Downtown Austin

by Taylor Williams March 25, 2021

AUSTIN, TEXAS — Law firm Vinson & Elkins has signed a 50,273-square-foot office lease at Indeed Tower, a 673,000-square-foot office building under construction at 200 W. Sixth St. in downtown Austin. A joint venture between Trammell Crow Co. and Principal Real Estate Investors is developing the 36-story building, which is expected to be complete this summer. The law firm’s lease covers the entire 25h floor and part of the 26th floor.

March 25, 2021

Leasing Activity Office Texas

Cushman & Wakefield Negotiates 19,601 SF Office Lease in South Austin

by Taylor Williams March 25, 2021

AUSTIN, TEXAS — Cushman & Wakefield has negotiated a 19,601-square-foot office lease at Uplands Corporate Center in South Austin. Matt Frizzell and Kevin Granger of Cushman & Wakefield represented the landlord, San Francisco-based Drawbridge Realty, in the lease negotiations. The tenant, North Carolina-based engineering firm Kimley-Horn, will occupy part of a 124,080-square-foot building that is under construction and represents the second phase of the development.

March 25, 2021

Development Office Texas

Cawley Partners to Develop 600,000 SF Office Project in Frisco

by Taylor Williams March 24, 2021

FRISCO, TEXAS — Dallas-based Cawley Partners will develop Tate + Toll, a 600,000-square-foot office project that will be located just off the Dallas North Tollway at Warren Parkway in Frisco. Designed by BOKA Powell, the development will consist of two 12-story buildings and will offer amenities including a fitness center, conference center, rooftop lounge and food service. Cawley Partners is currently searching for a tenant with a requirement of at least 100,000 square feet to anchor the property and guide design of the project. Once a tenant is secured, the developer expects to spend about seven months in the design phase and to have an 18-month construction period.

March 24, 2021

Leasing Activity Office Texas

Apollo Retail Specialists Signs 40,000 SF Office Lease Near DFW International Airport

by Taylor Williams March 24, 2021

DALLAS — Apollo Retail Specialists has signed a 40,000-square-foot office lease at 1100 N. 28th Ave. in Dallas near Dallas-Fort Worth International Airport. David Creiner, Frank Puskarich and Louis Pascuzzi of Newmark represented the tenant in the lease negotiations. CBRE represented the landlord, LIT Finance III LLC. Apollo Retail Specialists is a Florida-based firm that specializes in fixture install, merchandising resets, store remodels and other services for retailers.

March 24, 2021

Newer Posts

Older Posts