Office

FirstBank Signs 52,000 SF Office Lease to Anchor One22One Broadway in Downtown Nashville

by Alex Tostado June 24, 2020

NASHVILLE, TENN. — FirstBank has signed a 52,000-square-foot office lease to move its headquarters to One22One Broadway in downtown Nashville. FirstBank will occupy the 13th and 14th floors of the planned 24-story tower. FirstBank has the right to expand its footprint within the building to more than 100,000 square feet. The developer, GBT Realty, expects to deliver the 365,000-square-foot building in 2022. Frank Thomasson, Taylor Hillenmeyer, Janelle Gallagher and Byran Fort of CBRE represented the landlord in the lease transaction. FirstBank is currently headquartered at 211 Commerce St., less than a mile from One22One Broadway.

June 24, 2020

California Industrial Loans Office Western

Thorofare Funds $26M Loan for R&D/Office Buildings in El Segundo, California

by Amy Works June 24, 2020

EL SEGUNDO, CALIF. — Thorofare Capital has funded a $26 million post-acquisition loan for two R&D and office buildings in El Segundo. A single tenant occupies the full 200,220 square feet of the portfolio. The short-term bridge loan features a 50 percent loan-to-cost ratio, pre-development financing and a two-year base loan term with extension options. Felix Gutnikov, David Perlman, Andrew Kim and Jeff Scappini of Thorofare closed the loan for the undisclosed borrower.

June 24, 2020

Loans New York Northeast Office

SL Green Receives $510M Loan for Manhattan Office Building

by Alex Patton June 23, 2020

NEW YORK CITY —SL Green has received a $510 million loan for the refinancing of an office building in Manhattan. A lending group led by Aareal Capital Corp., Citi and Credit Agricole provided the loan. Located at 220 E. 42nd St., the 37-story building is known as The News Building and originally served as the headquarters for The New York Daily News. Locally based investment firm SL Green purchased the property in February 2003 for $265 million. The building is currently 97 percent leased to tenant roster including the Visiting Nurse Service of New York, Omnicom Group, local television station WPIX and the United Nations.

June 23, 2020

Development Northeast Office Pennsylvania

Oliver Tyrone Pulver Plans to Develop 700,000 SF Office Building in Philadelphia

by Alex Patton June 23, 2020

PHILADELPHIA — Oliver Tyrone Pulver Corp., a metro Philadelphia-based developer, plans to build a 700,000-square-foot office building in the Center City area of Philadelphia. The 30-story building will be located adjacent to City Hall at 1301 Market St. and will feature 25,200 square-foot plates on the lower floors and 17,000-square-foot plates on the upper floors. Amenities will include a 10,000-square-foot fitness center, outdoor terraces, a café, bike lockers, conference rooms, casual workspaces and a two-story, glass-enclosed marble lobby. Construction is slated to be completed in 2023. JLL will lead the leasing program at the building.

June 23, 2020

Development Florida Healthcare Office Southeast

Stevens Construction Breaks Ground on 27,773 SF Medical Facility in Naples, Florida

by Alex Tostado June 23, 2020

NAPLES, FLA. — Stevens Construction has broken ground on Executive Medical Center, a planned 27,773-square-foot healthcare facility in Naples. The first floor of the three-story building will feature medical offices, exam rooms and an MRI machine. The second floor will offer medical office space that will be available for lease beginning in March 2021. The third story will include an ambulatory surgery center with operating and outpatient rooms. The facility will be located at 4513 Executive Drive, adjacent to two medical office buildings and 13 miles north of downtown Naples. A timeline for completion was not disclosed.

June 23, 2020

Acquisitions California Healthcare Office Western

CREST Properties Sells DaVita-Occupied Medical Office Building in Orange County for $8.4M

by Amy Works June 23, 2020

TUSTIN, CALIF. — CREST Properties has completed the disposition a medical office property located at 721 W. First St. in Tustin. of A Southern California-based private investor acquired the asset for $8.4 million. DaVita Healthcare occupies the entire 11,499-square-foot building. Ian Schroeder, Melissa Ley and Allison McDuffie of CBRE of represented the seller in the deal.

June 23, 2020

Industrial Loans Office Texas

Knighthead Funding Provides $26.9M Acquisition Loan for Industrial Flex Portfolio in Dallas

by Taylor Williams June 23, 2020

DALLAS — Knighthead Funding, a direct lender with offices in Connecticut and Florida, has provided a $26.9 million acquisition loan for a portfolio of industrial flex buildings in Dallas. The portfolio spans approximately 152,000 square feet across 12 obsolete buildings, all of which are located in the Dallas Design District. The borrower, locally based investment firm Quadrant Investment Properties, plans to convert the properties into single- and multi-tenant office buildings. A portion of the proceeds will be used to fund tenant improvements and leasing costs.

June 23, 2020

Leasing Activity Office Texas

Law Firm Signs 16,768 SF Office Lease at Weslayan Tower in West Houston

by Taylor Williams June 23, 2020

HOUSTON — Law firm Weycer, Kaplan, Pulaski & Zuber PC has signed a 16,768-square-foot office lease at Weslayan Tower, a 20-story building located at 24 Greenway Plaza in West Houston. Granite Properties owns the 509,077-square-foot, Class A building, which features a recently upgraded lobby, fitness center and outdoor workspace. Kevin Kushner of CBRE represented the tenant in the lease negotiations. Jon Dutton and Steve West represented Granite Properties internally.

June 23, 2020

Leasing Activity New Jersey Northeast Office

Wolf Commercial Negotiates 2,918 SF Office Lease in Burlington, New Jersey

by Alex Patton June 22, 2020

BURLINGTON, N.J. — Wolf Commercial Real Estate (WCRE) has negotiated a 2,918-square-foot office lease for Vitality Hospice Care in Burlington, a southern suburb of Trenton. The space is located within a 63,400-square-foot office building at 460 Veterans Drive. The Class B office property was constructed in 1984 and offers convenient access to the New Jersey Turnpike, the New Jersey Transit River Line station and Interstate 295. Kevin Coleman and Victor DeJesus of WCRE represented Vitality Hospice Care in the lease negotiations. The team also represented the landlord, H & W Holding Group LLC.

June 22, 2020

Leasing Activity Office Texas

Reports: Google to Open New Office at Houston’s Buffalo Heights Development

by Taylor Williams June 22, 2020

HOUSTON — Google has leased office space at 3663 Washington Ave. in the Buffalo Heights mixed-use development in Houston, according to reports from several local media outlets, including The Houston Chronicle, which first reported the news. The office will be Google’s first in Houston and will serve the California-based tech giant’s cloud technology sales division. CultureMap Houston, a publication covering the city’s lifestyle and restaurant scene, reports that the office will open in early 2021. Buffalo Heights is a mixed-use development by BKR Memorial and Midway that features office and multifamily uses, as well as a retail component anchored by an H-E-B grocery store.

June 22, 2020

Newer Posts

Older Posts