Office

Montecito Medical Purchases Four-Building Healthcare Portfolio in West Little Rock

by Alex Tostado September 28, 2020

LITTLE ROCK, ARK. — Montecito Medical Real Estate has acquired a four-building healthcare property portfolio in Little Rock’s west side. The buildings comprise 72,566 square feet and were fully leased to Arkansas Urology at the time of sale. The portfolio includes three medical office buildings and an ambulatory surgery center. The medical office buildings are situated adjacently to each other at 1300 Centerview Drive, seven miles west of downtown Little Rock. The buildings include a 37,718-square-foot clinic, a 6,723-square-foot cancer treatment center and a 12,475-square-foot outpatient clinic. The 15,650-square-foot ambulatory surgery center is located at 1310 Centerview Drive, less than one mile from the medical office buildings and two miles from Baptist Health-Little Rock Hospital. The seller(s) and sales price were not disclosed.

September 28, 2020

Leasing Activity Office Texas

Fuse Workspace Opens 30,000 SF Coworking Space in Bee Cave, Texas

by Taylor Williams September 28, 2020

BEE CAVE, TEXAS — Fuse Workspace, a Texas-based provider of flexible office solutions, has opened a 30,000-square-foot coworking space at 14425 Falcon Head Blvd. in the western Austin suburb of Bee Cave. The space features 116 private offices, seven conference rooms, a podcast studio, two outdoor patios and a full-time concierge staff. With this opening, Fuse now operates three flexible workspaces in Texas totaling 92,000 square feet.

September 28, 2020

Acquisitions Healthcare Life Sciences Massachusetts Northeast Office

McCord Development Opens Boston Office, Acquires 64,736 SF Life Sciences Building

by Taylor Williams September 28, 2020

BOSTON — McCord Development, the firm behind the 4,200-acre Generation Park master-planned community in Houston, has opened a Boston office and acquired a 64,736-square-foot life sciences building. The property is located west of the city at 30 Bearfoot Road in Northborough and was formerly occupied by British pharmaceutical giant GlaxoSmithKline. The seller was Alexandria Real Estate Equities.

September 28, 2020

Development Illinois Midwest Office

J.C. Anderson Completes 22,000 SF Office Buildout for Gannett Fleming at Chicago’s Two Prudential Plaza

by Kristin Harlow September 28, 2020

CHICAGO — J.C. Anderson has completed a 22,000-square-foot, full-floor office buildout for global infrastructure and engineering firm Gannett Fleming in Chicago. The firm has relocated from One Prudential Plaza to the 37th floor of Two Prudential Plaza. The new space features open office areas, private offices, meeting rooms and a large training room. Eastlake Studio provided architectural services and Gola Corporate Real Estate Inc. provided project management services.

September 28, 2020

Healthcare Leasing Activity Life Sciences New York Northeast Office

Volastra Therapeutics Signs 11,000 SF Life Sciences Lease in West Harlem

by Taylor Williams September 28, 2020

NEW YORK CITY — Volastra Therapeutics, a biotechnology firm focused on treating cancer, has signed an 11,000-square-foot life sciences lease at the Mink Building in West Harlem. The space is located within the Manhattanville Factory District, a 1.1 million-square-foot office and life sciences campus. New York City-based Janus Property Co. owns the building.

September 28, 2020

California Development Healthcare Life Sciences Office Top Stories Western

IQHQ to Develop $1.5B Life Sciences Campus Along San Diego Waterfront

by Taylor Williams September 28, 2020

SAN DIEGO — IQHQ Inc., a developer of life sciences real estate with offices in Boston and San Diego, will build the San Diego Research and Development District (The RaDD), a $1.5 billion campus that will be located along San Diego’s waterfront. IQHQ has secured various permits and entitlements and plans to break ground on the first phase of the project later this week. Completion of Phase I is scheduled for summer 2023. The RaDD will span eight acres and three city blocks, making it the largest urban commercial waterfront site on the California coast, according to the development team. Preliminary plans call for lab, office and retail space, specific amounts of which were not disclosed. The San Diego Union-Tribune reports that the project will consist of several mid-rise buildings and a 17-story tower, as well as a museum and several acres of green space and rooftop decks. The paper also reports that locally based developer Manchester Financial Group will retain ownership of a portion of the site and will develop a hotel on the campus. “The RaDD is exciting on so many levels — not only does it represent our first acquisition in San Diego, which IQHQ is proud …

September 28, 2020

Acquisitions Illinois Midwest Office

Marcus & Millichap Brokers $4.2M Sale of State of Illinois-Occupied Office Building

by Kristin Harlow September 25, 2020

CHICAGO — Marcus & Millichap has brokered the sale of a 31,120-square-foot office building occupied by the State of Illinois Department of Human Services (IDHS) for $4.2 million. The property is located at 915 E. 63rd St. in Chicago. IDHS has operated at the location for 27 years. Adrian Mendoza, Austin Weisenbeck and Sean Sharko of Marcus & Millichap marketed the property on behalf of the seller, a fund manager. The team also secured the buyer, a private investor.

September 25, 2020

Leasing Activity Office Texas

WorkSuites Debuts New Coworking Brand WorkTank in North Dallas

by Taylor Williams September 25, 2020

DALLAS — WorkSuites, a provider of coworking and flexible office spaces, has debuted its new brand WorkTank with a 4,000-square-foot space at 6060 N. Central Expressway in North Dallas. The WorkTank brand will offer a more private and professional office-using experience, with spaces located on ground floors as opposed to upper floors of office buildings, as is the case with the traditional WorkSuites brand. The new space will offer coffee and snacks, printers and patio workstations.

September 25, 2020

Acquisitions New Jersey Northeast Office

Cushman & Wakefield Brokers Sale of 168,144 SF Office Building in Florham Park, New Jersey

by Taylor Williams September 25, 2020

FLORHAM PARK, N.J. — Cushman & Wakefield has brokered the sale of a 168,144-square-foot office building located at 325 Columbia Turnpike in Florham Park, about 30 miles west of New York City. The three-story building is situated on 15 acres and offers amenities such as a recently renovated cafeteria and onsite tenant storage units. The property was 85 percent leased at the time of sale. Andy Merin, David Bernhaut, Gary Gabriel, Frank DiTommaso and Seth Zudiema represented the seller, Mack-Cali, in the transaction. The team also procured the buyer, Connecticut-based investment firm The Birch Group.

September 25, 2020

Healthcare Leasing Activity Life Sciences Office Texas

BioLabs Signs 37,000 SF Life Sciences Lease at Pegasus Park in Dallas

by Taylor Williams September 24, 2020

DALLAS — BioLabs, a Cambridge, Mass.-based biotechnology firm, has signed a 37,000-square-foot life sciences lease at Pegasus Park, a new 23-acre mixed-use development in Dallas. BioLabs expects to take occupancy of the new facility, which will feature both lab and coworking office space, in 2021. The lab will be equipped with an array of scientific equipment and will offer additional services and amenities for tenants. Pegasus Park is a redevelopment of the former campus of jewelry retailer Zale Corp. in the city’s Design District. The developer is a partnership between J. Small Investments and Lyda Hill Philanthropies.

September 24, 2020

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