NEW YORK CITY — Falcon Pacific Builders has completed renovations of the lobby at 83 Maiden Lane, a 180,000-square-foot office building in Manhattan. The project added a new reception desk, turnstiles and building card access system, as well as LED lighting and a new digital camera system throughout. Nonprofit organization AHRC New York City owns the building, where it houses its headquarters. Helmsley Spear leases and manages the property. Architecture firm EVN designed the project.
NEW YORK CITY — Auction house Swann Galleries has signed a 21,200-square-foot office lease renewal at Gramercy Park, a 114,146-square-foot office building located at 104 E. 25th St. in Manhattan. Nicky Heryet, Susan Kahaner, Jennifer Ogden and Eric Sznip of Avison Young represented the tenant, which will continue to occupy the fifth and sixth floors, in the lease negotiations. Michael Berger of Colliers International represented the landlord, 25 Park LLC.
THE COLONY, TEXAS — Dallas-based Cawley Partners will develop three office buildings totaling more than 1.5 million square feet at Grandscape, a 433-acre mixed-use destination located in the northern Dallas suburb of The Colony. Hoefer Wysocki is handling design of the new buildings, all of which will rise 17 stories and feature 500,000 square feet of Class A space. A construction timeline is still being established as the development team looks for a lead tenant for the project. Nebraska Furniture Mart is the lead developer of Grandscape and anchors the development’s retail component along with sporting goods store Scheels.
LAKE JACKSON, TEXAS — Lexington Realty Trust (NYSE: LXP) has sold its interest in an office building in Lake Jackson, a city located south of Houston, for $192 million. Built in 2016, the 664,100-square-foot building is situated on a 34.1-acre site and was fully leased to Dow Chemical, which also operates a nearby manufacturing plant, at the time of sale. The buyer was not disclosed. In announcing this news, Lexington also disclosed the purchase of a 201,784-square-foot warehouse and distribution center in Phoenix that is fully leased to an unspecified e-commerce firm.
CLEVELAND — ResellerRatings, a Cleveland-based technology company, has signed a 3,500-square-foot office lease at the historic Caxton Building in downtown Cleveland. ResellerRatings, which is a ratings website where consumers submit reviews of online retailers, is scheduled to move into its new space in November. Stephen Morris of CBRE represented the tenant in the lease transaction. Katherine and Bill Bolton own the eight-story property. The Caxton Building opened in 1903 and was named after William Caxton, the first to introduce the printing press to England. The building was designed to house graphic arts and printing businesses.
BOULDER, COLO. — Avison Young has brokered the sales of two flex office assets — 7077 Winchester Circle and 5735 Arapahoe Avenue in Boulder. Different private investors acquired the buildings in separate transactions for a combined total of $7.9 million. At the time of sale, five tenants fully occupied the 26,418-square-foot property on Arapahoe Avenue, while a single tenant leased 84.4 percent of the 22,473-square-foot property on Winchester Circle. Jaimee Keene, Rick Egitto and Taylor Doyle of Avison Young’s Capital Markets Group in Denver represented the seller in the transactions.
BELLAIRE, TEXAS — Local Office, a Houston-based coworking concept, has opened an 11,000-square-foot space at 4909 Bissonnet St. in the Houston suburb of Bellaire. The pet-friendly space is the third for Local Office and features kitchen facilities, conference rooms and private furnished offices. A private partnership owns the building.
SAN ANTONIO — Worth & Associates has landed the first tenant at Walker Ranch Business Park, the locally based developer’s 135,000-square-foot office and flex project on the city’s north-central side. Computer Solutions, a San Antonio-based technology and IT consulting firm, will occupy 20,540 square feet at Building II, where about 90 employees will work. The 78,000-square-foot Building II is under construction, and the tenant expects to take occupancy of its new space in April 2021. Russell Noll of Transwestern represented Computer Solutions in the lease negotiations.
DALLAS — CBRE has negotiated a 69,130-square-foot office lease renewal at Plaza of the Americas, an office complex located at 700 N. Pearl St. in downtown Dallas that consists of two 25-story buildings. Harlan Davis, Phil Puckett and Jeff Ellerman of CBRE represented the tenant, law firm Thompson Coe, in the lease negotiations. Transwestern’s Kim Brooks, Justin Miller, Paul Wittorf, Laney Underwood and Ford Childress represented the landlord, a partnership between M-M Properties and Invesco Real Estate.
SAN DIEGO — The San Diego City Council has unanimously approved an exclusive negotiating agreement with the Padres Development Team to negotiate terms for the previously announced acquisition and redevelopment of Tailgate Park into East Village Quarter. The site is located outside Petco Park, which Major League Baseball’s San Diego Padres call home. The Padres Development Team, including the San Diego Padres, Tishman Speyer and Ascendant Capital Partners, was selected during a public request for proposals process. The development team’s vision for East Village Quarter includes residential space, 50,000 square feet of neighborhood-serving retail, 236,000 square feet of public spaces, 1.4 million square feet of office space targeted to technology and biotechnology companies, and 1,600 parking spaces. According to media reports, the development will cost $1.4 billion. “We are excited to take another step forward to revitalize Tailgate Park and further transform the Ballpark District and downtown San Diego,” says Erik Greupner, president of business operations for the San Diego Padres. “We look forward to finalizing a deal with the City of San Diego that will result in the creation of a vibrant, inclusive, mixed-use district in East Village.”