DEER PARK, ILL. — Digital marketing agency Logical Position has signed a 42,696-square-foot office lease at the Reserve at Deer Park in suburban Chicago. Situated on Lake Cook Road, the office building spans 85,392 square feet and six floors. Amenities include a café, fitness center and conference center. Matthew Frazee, Paul Buckingham and Brian Reaney of Newmark Knight Frank represented the tenant in the lease negotiations. JLL represented building ownership.
HOUSTON — NAI Partners has negotiated a 9,703-square-foot office lease renewal for P.O.& G. Resources, a privately held oil and gas company, at 5847 San Felipe St. in Houston’s Galleria submarket. Dan Boyles and Michael Mannella of NAI Partners represented the tenant in the lease negotiations. Rima Soroka and Eric Siegrist represented the landlord, Parkway, on an internal basis.
NEW YORK CITY — Financial services firm Cantor Fitzgerald has renewed its 151,890 square-foot office headquarters lease at 110 East 59th Street in the Plaza District of Midtown Manhattan. The company signed at 16-year lease to occupy seven full floors at the 37-story building. Jared Horowitz, Neil Goldmacher and Jason Perla of Newmark Knight Frank represented Cantor Fitzgerald in the lease negotiations. Michael Jones of Cole Schotz P.C. advised Cantor Fitzgerald in the renewals of the lease agreements. Brett Greenberg and Fran Delgorio represented the building owner and developer, Jack Resnick & Sons, in-house.
NEW YORK CITY — JLL has negotiated a 25,261-square-foot office lease for advertising company CaféMedia in Manhattan. The company signed a 10-year lease to occupy the entire 27th floor of the 1.1 million-square-foot building, which is located at 1411 Broadway and completed in 1970. CaféMedia previously occupied space at 417 Fifth Avenue. Alexander Chudnoff, Dan Turkewitz and Kip Orban of JLL represented the tenant in the lease negotiations. Paul Amrich, Neil King and Emily Jones of CBRE represented the landlord, Ivanhoé Cambridge.
CHICAGO — Friedman Properties and the City of Chicago have finalized the development agreement of their public-private partnership for Rivere, a 30-story high-rise office building coming to downtown Chicago’s River North district. The 674,000-square-foot tower will be situated at 450 N. Dearborn St., a block south of the intersection of Illinois and Dearborn streets. Rivere will feature a little more than 50,000 square feet of retail space, as well as high-end amenities including concierge services, meditation space, on-demand meeting space, an upscale fitness and wellness center, secure bike room with shower facilities, onsite valet, below-grade garage parking and a food and beverage program operated by Lettuce Entertain You Enterprises. The property will also house a new engine house for Engine Co. 42, the District 1 headquarters for the Chicago Fire Department. Designed by Goettsch Partners, Rivere will feature a glass façade with activated rooftops and sustainable features, including efficient mechanical systems that will help reduce water and energy use. Other design team members include construction management firm Lendlease and engineer DLR Group. Office managers and staff at Rivere will be able use an app to facilitate parking, concierge services, fitness class appointments, guest passes, thermostat control, restaurant reservations and conference …
WESTPORT, CONN. — Flexible workspace provider Serendipity Labs has opened a 23,000-square-foot coworking office space in Westport, an eastern suburb of Stamford. The space is located at 55 West Boston Post Road Homeclear Serendipity Westport LLC owns the office building.
ELMWOOD PARK, N.J. — NAI James Hanson has negotiated a 3,005-square-foot lease expansion for roofing contractor Peck Brothers LLC in Elmwood Park, a western suburb of New York City. The company originally leased 4,970-square-feet at Elmwood Park Plaza beginning in 2018, and its headquarters now occupies a total 7,973 square feet. Located at 475 Mark Street, the total square footage of the building is 68,000 square feet. Randy Horning and Darren Lizzack represented Peck Brothers in the lease negotiations. Alfred Sanzari Enterprises is the landlord.
ORLANDO, FLA. — Unicorp National Development Inc. will construct a nine-story, 300,000-square-foot building that will house Marriott Vacations Worldwide Corp.’s headquarters in Orlando. The building will be situated within Unicorp’s O-Town West development, a $1 billion mixed-use project that will include restaurants, offices, entertainment, retail stores, hotels, apartments and residential homes. HuntonBrady Architects is the designer and Finfrock Construction will serve as the general contractor of the office project. Construction of the new campus is scheduled to begin in early 2020 with a 2021 anticipated completion date. Additional details and features of the global headquarters are yet to be determined. Marriott Vacations Worldwide operates under Marriott International while offering vacation ownership, exchange, rental and resort and property management.
ATLANTA — North American Properties (NAP) will break ground Wednesday on Building 500, a six-story, 135,600-square-foot office building within Colony Square in Atlanta’s Midtown district. Jones Day, a Cleveland-based law firm, will lease the entire office component of the building, which will feature ground-level retail space and an outdoor terrace on the fourth floor overlooking Peachtree Street. Hoar Construction is the general contractor. A timeline for completion was not disclosed. NAP began vertical construction of Colony Square in April 2019. Colony Square at full buildout will include 912,000 square feet of Class A office space, 160,000 square feet of retail and restaurants, a 466-room W hotel, outdoor space and 262 luxury residences.
HOUSTON — Lee & Associates has arranged the sale of Sterling Plaza, a 102,292-square-foot office building located at 10101 Southwest Freeway in Houston. The Class B property was built in 1982 and renovated in 2001. Robert LaCoure and Ryan Young of Lee & Associates represented the buyer, Tristar Alliance Properties, which plans to upgrade the lobby, roof and HVAC systems, in the transaction. Patrick O’Connell of O’Connell Realty represented the seller, Mykawa Hso LP.