NEW YORK CITY — Los Angeles-based City National Bank has signed a 35,643-square-foot office lease renewal at 1140 Avenue of the Americas in Manhattan. The company has committed to an additional 10 years at the 250,000-square-foot building and will also open a 3,400-square-foot branch on the ground floor as part of the new agreement. Todd Korren of Avison Young represented the landlord, an affiliate of New York City REIT, in the lease negotiations. Lynn Williams and Jeffrey Welch of CBRE represented the tenant.
HOUSTON — Realty.com, a privately held brokerage firm based in Houston, has acquired a 400,000-square-foot office building located at 363 N. Sam Houston Parkway E. on the city’s north side. The 20-story, Class A property was built in 1982 and renovated between 2016 and 2019. Building amenities include a fitness center and a deli, and the new ownership plans to add a tenant lounge with an arcade and kitchen. The transaction marks Realty.com’s first major acquisition in its hometown market. Marty Hogan and Kevin McConn of JLL represented the seller, a California-based private investor, in the deal.
AUSTIN, TEXAS — Houston-based investment firm Hunington Properties has purchased a 16,500-square-foot building in the Westbank area of Austin for its new office. Hunington has hired local architecture firm JDAI Studio to redesign and remodel the space. Evan Dyer and Gigi Gomel will oversee the firm’s new Austin office, which is located at 1715 S. Capital of Texas Highway. Hunington is an active developer in the state capital. The firm’s projects include Shops at Steiner Ranch, Shops at Shadowglen, Shops at Riverplace, Shops at Volente and Shops at Boulder.
CHICAGO — Chamberlain University, known for its nursing school, has signed a lease for 75,000 square feet of educational space at Riverview at Roscoe on Chicago’s North Side. Baum Revision acquired the office property in a joint venture with Meridian Capital in March of this year. The property is currently undergoing capital improvements with a focus on wellness to achieve LEED Platinum certification. Patrick Russo, Adam Showalter and Jessica O’Hara of Stream Realty Partners have been retained to lease and market the property. There are 40,000 square feet remaining available for lease. Chamberlain has locations across the United States in addition to online programs.
CAMBRIDGE, MASS. — Pharmaceutical giant Bristol Myers Squibb has signed a 360,000-square-foot life sciences lease at Cambridge Crossing in metro Boston, according to multiple news outlets including industry publication fiercebiotech.com and The Boston Business Journal. The former reports that Bristol Myers Squibb will occupy a building located at 250 Water St. beginning in early 2023. DivcoWest is the developer of the 2.1 million-square-foot campus, which is under construction and will also feature traditional office and retail space, as well as open green space.
NEW YORK CITY — Luxury jeweler Tiffany & Co. has unveiled plans for the redevelopment of its flagship store at 727 5th Ave. in Manhattan. The top three floors of the 10-story building will be converted from office space into a new exhibition and event space surrounded by a curtain of glass complementing the limestone façade below. That space was originally completed in 1980, and the building itself was originally constructed in 1940. Tiffany has partnered with The Office of Metropolitan Architecture on the project, which is expected to be complete in 2022.
TEANECK, N.J — Multinational corporation Cognizant has signed a 36,000-square-foot office lease at Glenpointe Center East in Teaneck, located northwest of New York City, for its new office headquarters. Glenpointe Center East features a 26,000-square-foot spa and fitness center, as well as a restaurant, wine bar and a lounge. Gregg Najarian and Nate Brzozowski of Savills represented the tenant in the lease negotiations. The landlord, Alfred Sanzari Enterprises, was represented internally.
HASTINGS, MICH. — Jaqua Realtors has opened a new office at the corner of Jefferson and State streets in Hastings, about 38 miles southeast of Grand Rapids. This is Jaqua’s 10th office location. Three new team members have joined the brokerage at the Hastings office. Jaqua focuses on residential and commercial real estate, as well as vacation rentals and property management.
HOUSTON — NAI Partners has negotiated a 6,500-square-foot office lease at 15915 Katy Freeway in West Houston for software developer Resource Data Inc. Griff Bandy and Joe Bright of NAI Partners represented the tenant in the lease negotiations. Michael Sieger, Lesley Rice and Andy Parrish, also with NAI Partners, represented the landlord, Dornin Investments.
BERLIN, N.J. — New Jersey-based Markheim Chalmers has brokered the sale of a 33,303-square-foot office portfolio in Berlin, located southeast of Philadelphia. The portfolio spans four buildings and was 89 percent leased at the time of sale. Adam Dembo of Markheim Chalmers represented the seller, Affiliated Management, in the transaction. Dembo also procured the buyer, Taunton Road LLC. The sales price was not disclosed.