THE WOODLANDS, TEXAS — Northmarq has arranged a loan of an undisclosed amount for the refinancing of Havenwood Office Park, a 240,000-square-foot complex in The Woodlands, about 30 miles north of Houston. Warren Hitchcock of Northmarq arranged the fixed-rate loan, which carried a 10-year term with five years of interest-only payments followed by a 30-year amortization schedule. The direct lender and borrower were not disclosed.
AUSTIN, TEXAS — Miro, an online whiteboard platform designed for distributed team collaboration, has signed a 72,000-square-foot office lease at Colorado Tower in downtown Austin. Owned by Atlanta-based Cousins Properties, the 373,334-square-foot building opened in 2015 and offers two onsite restaurants, a fitness center and conference facilities. Mark Harris and Jake Ragusa of JLL represented Miro, which plans to occupy three floors beginning next spring, in the lease negotiations. Rachel Coulter, Bethany Perez, Travis Rogers and Coleman Jackson, also with JLL, represented the landlord.
RALEIGH, N.C. — Highwoods Properties Inc., a Raleigh-based REIT, has plans to build GlenLake III, a 218,000-square-foot mixed-use office development in Raleigh with retail and restaurant space. The company’s projected investment is $94.4 million, including the value of the land. Construction is scheduled to begin in the fourth quarter and is slated for completion by the third quarter of 2023. Plans for GlenLake III include 205,000 square feet of office space and 13,000 square feet of retail and restaurant space. The project will also have LEED and Fitwell certifications. According to Highwoods’ website, GlenLake III will be a seven-story building built with floor-to-ceiling glass windows, and offer amenities such as a café and lounge, fitness center, outdoor function space and a four-story parking structure. Highwoods has preleased 16 percent of the property’s office portion to McKim & Creed, a national engineering and surveying firm, for its corporate headquarters. GlenLake III is part of the GlenLake Park, an office development with up to seven planned office buildings. The office park is situated between Interstates 440 and 40. From 2001 to 2020, Highwoods has developed five office buildings within GlenLake Park encompassing 732,000 square feet. The company’s most recent project, GlenLake VII, …
FORT WORTH, TEXAS — Freight factoring firm Apex Capital Corp. has signed a 61,944-square-foot office headquarters lease at Bank of America Tower in downtown Fort Worth. Pat McDowell and Matt Montague of JLL represented the tenant in the lease negotiations. Robert Gamblin represented the landlord, City Center Management, on an internal basis. Apex Capital plans to take occupancy of its new space next year.
BOSTON — Locally based developer The Fallon Co. has completed construction of a 310,000-square-foot office project for Massachusetts Mutual Life Insurance Co. (MassMutual) in Boston’s Seaport District. A ribbon-cutting ceremony took place on the morning of Wednesday, Nov. 10. Construction of the build-to-suit property, which will be located within the $4 billion Fan Pier mixed-use development, began in June 2019. Approximately 1,000 employees will work at the 17-story building, which will serve as a hub for the company’s digital and technology divisions.
ROSEMONT, ILL. — Celero Commerce, a financial tech company, has renewed its 27,000-square-foot, full-floor office lease at Pointe O’Hare in Rosemont. The Class A office tower is located at 9550 W. Higgins Road. Celero inherited the Chicago-area office following its acquisition of Transnational Payments in October 2020, marking the sixth acquisition for the company since its formation in November 2018. Celero has approximately 260 employees with continued plans for expansion. Campbell Puckett, Andrew Kaplan and Jon Springer of CBRE represented Celero in the lease.
POWAY, CALIF. — Stos Partners has purchased a corporate headquarters and manufacturing facility located at 13955 Stowe Drive in Poway. A private seller sold the asset for $8.6 million. Stos Partners plans to implement a series of capital upgrades including interior office rehabilitation, roof repair and HVAC system replacement. Shortly after closing, the buyer secured a tenant to fully occupy the 37,500-square-foot office and manufacturing building. James Duncan and Mickey Morera of Kidder Matthews represented Stos Partners in the transaction. C3Bank provided financing for the acquisition.
PEABODY, MASS. — JLL has negotiated the $6.4 million sale of 8 Essex Center Drive, a 67,544-square-foot office building located in the northeastern Boston suburb of Peabody. The three-story building sits on 8.2 acres and was 83 percent leased at the time of sale. Kerry Hawkins and Scott Carpenter of JLL represented the seller, PGA Realty, in the transaction. The duo also procured the buyer, an entity doing business as Essex Drive Realty LLC.
HOUSTON — Impact Networking, an Illinois-based provider of cloud-based cybersecurity and marketing services, has signed a 16,000-square-foot office lease at East River, a 150-acre mixed-use development in Houston’s Historic Fifth Ward. Locally based developer Midway is underway on vertical construction of the first phase of East River, which includes office, retail and restaurant space. A timeline for Impact Networking’s move-in was not disclosed. Midway also recently announced an initial slate of retail and restaurant tenants that have committed to East River.
BERWYN, PA. — Florida-based investment firm Accesso has acquired Westlakes, a four-building, 455,183-square-foot office campus located in the northwestern Philadelphia suburb of Berwyn. Situated on 40.4 acres, Westlakes was 92 percent leased at the time of sale with a weighted average remaining lease term of 4.7 years. Tenants include PNC Bank, Brinker Capital, Montgomery McCracken, Chartwell Investment Partners and Amring Pharmaceuticals. Amenities include multiple dining options, two fitness centers and walking trails. The seller was locally based investment and development firm Keystone Property Group. The sales price was not disclosed.