Office

Infrastructure Design Firm Signs Office Lease at Frost Tower in Fort Worth

by Taylor Williams July 9, 2020

FORT WORTH, TEXAS — Infrastructure design firm HNTB Corp. has signed an office lease at Frost Tower, a 314,879-square-foot building in downtown Fort Worth. The property was completed in 2018 and offers a full-service restaurant, conference and event center, elevated outdoor patio areas and wine lockers. Seth Koschak and Cullen Donohue of Stream Realty Partners represented the landlord, Anthracite Realty Partners, in the lease negotiations. Sven Sykes, Brad Balke, Daniel Rudd and Billy Vahrenkamp of Colliers International represented the tenant

July 9, 2020

Leasing Activity NAI Office Texas

NAI Robert Lynn Negotiates 26,418 SF Office Sublease for Veritex Community Bank in Dallas

by Taylor Williams July 9, 2020

DALLAS — NAI Robert Lynn has negotiated a 26,418-square-foot office sublease for Texas-based Veritex Community Bank at 12750 Merit Drive, a newly renovated building in North Dallas. Veritex Bank is expanding its footprint in Dallas, and the new space will accommodate about 150 of the company’s 700 total employees. Amenities at the property include a conference center, fitness center, tenant lounges and a deli. Kent Smith of NAI Robert Lynn and Dan Boyles of NAI Partners’ Houston office represented Veritex Bank in the lease negotiations. The name and representative of the original tenant and landlord were not disclosed.

July 9, 2020

Illinois Leasing Activity Midwest Office

Parent Company of Blue Cross & Blue Shield Illinois Signs 103,533 SF Office Lease in Chicago

by Kristin Harlow July 9, 2020

CHICAGO — Health Care Service Corp. (HCSC), the parent company of Blue Cross & Blue Shield of Illinois, has signed a 103,533-square-foot office lease at Mural Park in Chicago. Located at 920 W. Cullerton St., the two-building office project is now 63 percent leased. Mural Park is a redevelopment of two historic 100,000-square-foot industrial loft buildings in Chicago’s Pilsen neighborhood. It was completed in January 2019. HCSC will fully occupy one of the buildings and join existing tenants Puratos Group, Noble Forward, Relay Chicago and Back of the Yards Coffee. Jeff Dowdell and Katie Steele of Transwestern Real Estate Services represented the landlord, Condor Partners, in the lease transaction with HCSC. Sean Reynolds, Meredith O’Connor, Matthew Carolan and Amy Berg of JLL represented HCSC.

July 9, 2020

Acquisitions California Office Western

MIG Real Estate Sells 35,258 SF One Ridgegate Office Property in Temecula, California

by Amy Works July 8, 2020

TEMECULA, CALIF. — Newport Beach, Calif.-based MIG Real Estate has completed the sale of One Ridgegate, an office building located at 1 Ridgegate Drive in Temecula. An undisclosed buyer acquired the property for $5.2 million. Situated on three acres and built in 2003, One Ridgegate offers 35,258 square feet of office space. At the time of sale, the property was 92 percent leased. CBRE/Lee & Associates represented the seller, while Mike Realty represented the buyer in the deal.

July 8, 2020

Development Massachusetts Northeast Office

CIM Group Tops Out 235,000 SF Office Building in Boston’s South End

by Taylor Williams July 8, 2020

BOSTON — Los Angeles-based CIM Group, in partnership with local developer Nordblom Co., has topped out 321 Harrison, a 235,000-square-foot office building located in Boston’s South End neighborhood. The eight-story building is being constructed above a three-story parking garage that also serves the development team’s neighboring 11-story building at 1000 Washington St. The two office buildings will share amenities such as a fitness center, café, bike storage space and lounge areas. Construction of the new building is expected to be complete by the end of the year.

July 8, 2020

Company News Leasing Activity Maryland Office Southeast

Armada Hoffler, WeWork Agree to Terminate 69,000 SF Office Lease in Baltimore

by Alex Tostado July 7, 2020

BALTIMORE — Armada Hoffler Properties and WeWork have mutually agreed to terminate WeWork’s 69,000-square-foot office lease at Wills Wharf in Baltimore’s Harbor Point neighborhood. The New York City-based coworking company was slated to occupy the top two stories of the office portion of Wills Wharf. A Canopy by Hilton hotel will be situated on the top four floors of the 12-story, 325,000-square-foot building. Armada Hoffler has begun marketing the space again to join other office tenants, which include EY, Jellyfish and Bright Horizons. WeWork also terminated its lease with landlord Columbia Property Trust at 189 Madison Ave. in New York City.

July 7, 2020

Leasing Activity Office Texas

Perdure Petroleum Signs 17,212 SF Office Lease in Metro Dallas

by Taylor Williams July 7, 2020

ALLEN, TEXAS — Perdure Petroleum, an energy company that specializes in using carbon dioxide systems to boost production, has signed a 17,212-square-foot office lease in the northeastern Dallas suburb of Allen. Perdure will relocate to 1101 Central Expressway S. in the fourth quarter, a move that expands the company’s office footprint by about 10,000 square feet. Jared Laake and Susan Singer of Bradford Commercial Real Estate Services represented the landlord, 1101 SCE LLC, in the lease negotiations. Jan Elwell of JE Commercial Realty LLC represented the tenant.

July 7, 2020

Development Industrial Kansas Midwest Office

GO Topeka Unveils Plans for Animal Health Innovation Campus in Kansas

by Kristin Harlow July 7, 2020

TOPEKA, KAN. — GO Topeka has unveiled plans to build a large-scale animal health innovation campus in Topeka. The economic development group has selected Clark Enersen Partners and BioRealty Inc. to begin identifying and evaluating prospective locations. The developers, which both have expertise building scientific research parks, will present initial findings this winter. The development will be home to Plug and Play’s animal health program as well as research and development labs and offices for startups and partners. Topeka is centrally located within the KC Animal Health Corridor, which is home to more than 300 animal health companies.

July 7, 2020

Acquisitions Indiana Midwest Office

Partners in Autism Buys 18,492 SF Office Building in Fort Wayne, Indiana

by Kristin Harlow July 7, 2020

FORT WAYNE, IND. — Partners in Autism has purchased an 18,492-square-foot office building located at 601 Noble Drive in Fort Wayne for an undisclosed price. Brady Gardner and John Caffray of Sturges Property Group represented the buyer in the transaction. Fort Wayne-based Partners in Autism provides several autism-related services, including therapy, social groups and employment services. The seller was undisclosed.

July 7, 2020

Development New York Northeast Office

JEMB Realty Nears Completion of 500,000 SF 1 Willoughby Square Office Tower in Brooklyn

by Taylor Williams July 6, 2020

NEW YORK CITY — JEMB Realty is nearing completion of 1 Willoughby Square, a 500,000-square-foot office building in Brooklyn. The 34-story tower will feature underground parking and various outdoor amenity terraces and green spaces. FXCollaborative designed the project and will also be the anchor tenant upon completion, which is scheduled for the fourth quarter. The development team notes that the project represents the first ground-up office project in downtown Brooklyn in decades.

July 6, 2020

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