Office

Ryan Cos. Moves Kansas City Office to New Location

by Kristin Harlow July 20, 2020

KANSAS CITY, MO. — Developer Ryan Cos. has moved into its new Kansas City office, located within the Interstate Securities/Topsy Building at 215 E. 18th St. The 3,213-square-foot office is designed for 16 employees, with room to expand up to 24. Ryan has been active in the Kansas City market for 15 years but did not establish a physical office there until 2018. Ryan has also announced that Craig Thompson, vice president of construction, has relocated from the Des Moines office to the Kansas City office.

July 20, 2020

Illinois Industrial Midwest Office

Chicago’s Taurus Modal Group Rebrands as TMG Real Estate Advisors

by Kristin Harlow July 20, 2020

CHICAGO — Taurus Modal Group, a Chicago-based real estate advisory firm, has rebranded as TMG Real Estate Advisors (TMG). The rebrand “embraces the firm’s industrial and office real estate brokerage roots, while also recognizing its broader focus as a multi-disciplinary real estate advisory firm,” according to a release from the company. TMG’s expanded service offerings now include strategic consulting, construction services, supply chain solutions, project management, lease administration, portfolio management and workplace strategy. Dan Smolensky and Marat Safir founded the firm in 2015.

July 20, 2020

Industrial Leasing Activity Office Texas

Eatery Essentials to Open 400,000 SF Headquarters, Manufacturing Plant in Dallas

by Taylor Williams July 17, 2020

DALLAS — Eatery Essentials, a provider of food storage containers and the U.S. subsidiary of Taiwanese supplier Vigour Pak, will relocate its corporate headquarters and primary manufacturing and warehousing operations to a 400,000-square-foot facility in Dallas. The facility will be located at 2425 Danieldale Road on the city’s south side and is expected to be operational by October. Eatery Essentials anticipates that the move will create about 150 new jobs.

July 17, 2020

Arizona Development Office Western

Douglas Allred Co. Breaks Ground on 300,000 SF Office Project at Park Place in Chandler, Arizona

by Amy Works July 17, 2020

CHANDLER, ARIZ. — The Douglas Allred Co. has broken ground on two additional office buildings at its Park Place Development on Price Corridor in Chandler. Located at the northeast corner of Price and Willis roads, the three-story buildings will offer 150,000 square feet each. Willmeng Construction, serving as general contractor, will deliver the buildings along with an 800-stall parking structure. Upon completion, the project will offer 10- to 12-foot ceiling heights, high-quality finishes and a six per 1,000 parking ratio. Balmer Architectural Group is providing architectural services for the project, which will add to the existing 1.5 million square feet of office, manufacturing and retail space at Park Place.

July 17, 2020

Acquisitions Arizona Healthcare NAI Office Western

NAI Horizon Negotiates $11.5M Sale of Banner Health Medical Building in Tucson, Arizona

by Amy Works July 17, 2020

TUCSON, ARIZ. — NAI Horizon has arranged the sale of a fully occupied medical building, located at 535 N. Wilmot Road in Tucson. 535 Wilmot Investors, an affiliate of The Schomac Group, sold the property to AP MP, an affiliate of MBRE Health Care, for $11.5 million. Banner Health occupies the 40,936-square-foot medical building on a long-term basis and recently renewed its lease for another 10 years. Justin Lanne and Andrew Sternberg with NAI Horizon’s Tucson represented the seller in transaction.

July 17, 2020

Development Midwest Nebraska Office

Darland Completes Construction of 58,950 SF Office Building in West Omaha

by Kristin Harlow July 16, 2020

WEST OMAHA, NEB. — Darland Construction Co. has completed construction of Pacific Springs Center II, a 58,950-square-foot Class A office building in West Omaha. The two-story property is located at the northwest corner of 168th and Pacific streets. The project features 40,000 square feet of spec office space as well as an underground parking garage. The area, known as Pacific Springs Vista, has experienced a flurry of new development in the past several years thanks to a growing residential market and the area’s convenient access to the nearby West Dodge Expressway, according to Darland. Avant Architects was the project architect. Investors Realty is handling management and leasing.

July 16, 2020

Leasing Activity Office Texas

Tax Software Provider Ryan Signs 66,750 SF Office Lease in Uptown Houston

by Taylor Williams July 16, 2020

HOUSTON — Ryan LLC, a Dallas-based provider of tax services and software, has signed a lease to relocate its Houston office to a 66,750-square-foot space at Park Towers in Houston’s Uptown/Galleria neighborhood. The property consists of two 18-story buildings totaling 545,242 square feet. Doug Little, David Baker, Kelli Gault and Jack Scharnberg of Transwestern represented the landlord, Regent Properties, in the lease negotiations. The representative of the tenant was not disclosed.

July 16, 2020

Development Office Retail Texas

KRS Realty Completes 12,000 SF Office, Retail Redevelopment Project at Fort Worth Stockyards

by Taylor Williams July 16, 2020

FORT WORTH, TEXAS — KRS Realty Advisors has completed a redevelopment project at the historic Fort Worth Stockyards that adds 12,000 square feet of office and retail space to the local supply. Austin-based apparel company Tecovas has signed a retail lease for 3,474 square feet at the property. KRS purchased the property in February and began renovating shortly thereafter. Stream Realty Partners is handling leasing.

July 16, 2020

211-Benigno-Boulevard-Bellmawr-New-Jersey

Acquisitions New Jersey Northeast Office

Yada Property Management Buys 40,000 SF Office Property in Bellmawr, New Jersey

by Taylor Williams July 16, 2020

BELLMAWR, N.J. — New Jersey-based Yada Property Management has purchased a 40,000-square-foot office property in Bellmawr, a southern suburb of Philadelphia. The two-story building is located at 211 Benigno Blvd. within Interstate Business Park, a 40-building office and industrial development that houses large corporate users such as Amazon, FedEx and Singer Equipment Co. Scott Mertz of NAI Mertz represented the seller, Choice Services International LLC, in the transaction.

July 16, 2020

California Development Office Western

Lowe, Related Fund Management Start Construction of 113,000 SF Office Building in Los Angeles

by Amy Works July 15, 2020

LOS ANGELES — A joint venture between Lowe and Related Fund Management (RFM) has commenced construction of a nine-story office building located at 2130 Violet St. in Los Angeles’ Arts District. Lowe and RFM recently formed a partnership for the Violet Street development, which Lowe has been planning since 2017. The 113,000-square-foot building will feature 27,000-square-foot open floorplates, high ceilings, operable windows and energy-efficient building systems and HVAC. The building’s top four floor will be dedicated to contemporary and flexible office space, with substantial terraces allowing for increased circulation of fresh air and connected indoor/outdoor work and meeting spaces. The property will also feature a 3,000-square-foot rooftop deck with lounge seating, tables and chairs for tenants use. As part of the development, the joint venture is installing public infrastructure, including sidewalks, crosswalks, a traffic signal, tree grates, street lighting and landscaping along Violet Street. Ware Malcomb is serving as architect and Swinerton is serving as general contractor for the project, which is slated for completion in early 2022. Mike Condon Jr., Pete Collins, Scott Menkus and Brittany Winn of Cushman & Wakefield are handling leasing for the development. Todd Tydlaska and Mike Caprio of CBRE, along with Mike Condon of …

July 15, 2020

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