Friday, May 17, 2024
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Office

FloridaLeasing ActivityOfficeSoutheast

Cushman & Wakefield Arranges 164,221 SF Office Lease With Piedmont Healthcare at Atlantic Station in Atlanta

by John Nelson

ATLANTA — Cushman & Wakefield has arranged a new 164,221-square-foot office lease with locally based health system Piedmont Healthcare in Atlanta. The tenant will occupy space at 271 17th St., a 25-story office building within the Atlantic Station mixed-use campus in the city’s West Midtown district. Aileen Almassy and John Zintak of Cushman & Wakefield represented the landlord, Lionstone Investments, in the lease negotiations. Bo Keatley, David Rubenstein, John Flack and Michael Broome of Savills represented Piedmont Healthcare.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIndustrialOfficeTexas

Alterman Debuts 190,000 SF Headquarters Campus in Live Oak, Texas

by Taylor Williams

LIVE OAK, TEXAS — Texas-based electrical contractor Alterman has debuted its new 190,000 square-foot first headquarters campus in the northeastern San Antonio suburb of Live Oak. The 20-acre site is located at intersection of Loop 1604 and I-35, and the campus consists of a 100,000-square-foot logistics and manufacturing building and a 90,000-square-foot office building. Studio8 Architects designed the campus, and Whiting-Turner Construction served as the general contractor. Construction began in fall 2022.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIllinoisMidwestOffice

Principle Construction Completes Renovations for Veolia Water Technologies Facility in Plainfield, Illinois

by Kristin Harlow

PLAINFIELD, ILL. — Principle Construction has completed several facility renovations for Veolia Water Technologies HPD Plainfield Offices. Veolia, which is a water and wastewater treatment company, maintains its 42,000-square-foot office at 23561 W. Main St. Principle originally designed and built the property in 2001 for Avgeris and Associates, which leased the building to Veolia. Principle completed interior and exterior renovations to both the headquarters office building and the research and development building. Archideas Inc. was the architect.

Continue Reading
FacebookTwitterLinkedinEmail
Meadow-Park-Tower
DevelopmentOfficeTexas

Bradford Completes $6.5M Renovation of Meadow Park Tower in North Dallas

by Taylor Williams

DALLAS — An affiliate of locally based firm Bradford Commercial Real Estate Services has completed the $6.5 million renovation of Meadow Park Tower, a 262,799-square-foot office building in North Dallas. The project delivered new HVAC systems and electrical infrastructure, as well as upgrades to amenity spaces, which include an outdoor tenant lounge with a putting green, conference center and a fitness center. Common areas like elevators and restrooms were also enhanced.

Continue Reading
FacebookTwitterLinkedinEmail
103-JFK-Parkway-Short-Hills-New-Jersey
AcquisitionsNew JerseyNortheastOffice

Columbia Pacific Advisors Takes Ownership of Two Office Buildings in Short Hills, New Jersey

by Taylor Williams

SHORT HILLS, N.J. — Columbia Pacific Advisors has taken ownership of two office buildings totaling 320,196 square feet in the Northern New Jersey community of Short Hills. The six-story building at 101 JFK Parkway spans 197,196 square feet and is home to tenants such as Franklin Mutual, Citizens Bank, Citibank, global law firm Dentons and Virtu Financial. The four-story building at 103 JFK Parkway totals 123,000 square feet and is currently vacant. Columbia, which was previously the lender on the buildings, has hired JLL to market the assets for lease.

Continue Reading
FacebookTwitterLinkedinEmail
FeaturesHeartland Feature ArchiveOffice

Which Office Buildings Are Strong Candidates for Adaptive Reuse?

by Kristin Harlow

With office occupancy still well below pre-pandemic levels due to the prevalence of the hybrid work model and companies downsizing their space needs, property owners are resorting to creative solutions for vacant or underutilized buildings.  The conversion of office properties into new uses such as multifamily or hospitality is one approach. While these adaptive reuse projects are not for the faint of heart, they are an important way to avoid demolition. Construction debris from demolition projects contributes to the building industry’s huge carbon footprint, states Alan Barker, principal and residential market leader at Chicago-based architecture firm Lamar Johnson Collaborative (LJC). When considering an office conversion project, the first step is to make sure that the building’s structural integrity can safely accommodate renovations. Beyond that, office buildings that are a good fit for adaptive reuse typically have flexible floor plans, access to light and ventilation, existing utilities that can handle changes in capacity, and a location that offers proximity to amenities, transportation and parking, according to Barker.  Recently, LJC created an adaptive reuse scorecard to help developers and building owners assess a property’s potential for a conversion project. The scorecard is comprised of seven categories: development potential; building form; building systems; …

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsNew YorkNortheastOfficeRetail

Marcus & Millichap Brokers $7.1M Sale of Office, Retail Building in Queens

by Taylor Williams

NEW YORK CITY — Marcus & Millichap has brokered the $7.1 million sale of a 12,320-square-foot office and retail building located at 36-41 Bell Blvd. in the Bayside area of Queens. The two-story building comprises 12 spaces, with retail space on the ground floor and office space on the second floor. Anthony Cerrone and Michael Tuccillo of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew YorkNortheastOffice

Yaupon Capital Signs 6,917 SF Office Lease at 340 Madison Avenue in Manhattan

by Taylor Williams

NEW YORK CITY — Yaupon Capital Management has signed a 6,917-square-foot office lease at 340 Madison Avenue in Manhattan. The investment management firm is taking space on the third floor of the 750,000-square-foot building. Ben Friedland and Hugh McDonald of CBRE represented the tenant in the lease negotiations. Paul Glickman, Matt Astrachan, Cynthia Wasserberger, Dan Turkewitz and Harrison Potter of JLL, along with internal agents William Elder and Andrew Ackerman, represented the landlord, RXR.

Continue Reading
FacebookTwitterLinkedinEmail
3990-Ruffin-Rd-San-Diego-CA
AcquisitionsCaliforniaOfficeWestern

CAPL Building Divests of 45,940 SF Office Building in San Diego’s Kearny Mesa Submarket

by Amy Works

SAN DIEGO — CAPL Building LLC has completed the disposition of an office building, located at 3990 Ruffin Road in San Diego’s Kearny Mesa submarket. California Schools Voluntary Employee Benefits Association acquired the asset for $12.2 million, or $267 per square foot. Situated on two acres, the two-story, 45,940-square-foot building offers flexible floor plans and is leased through 2024. Matt Pourcho, Anthony DeLorenzo, Matt Harris and Casey Sterk of CBRE’s Investment Properties represented the seller, while Randy LaChance and Ryan Bracker of VOIT represented the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestMinnesotaOffice

KW Commercial Premier Negotiates Sales of Two Office Condos in Woodbury, Minnesota

by Kristin Harlow

WOODBURY, MINN. — KW Commercial Premier has negotiated the sales of two office condos in the Twin Cities suburb of Woodbury. The properties, built in 2004, sold for $1.4 million each. The first property, 3060 Woodbury Drive, was previously a dental office and sold to a dentist. The second asset, 3020 Woodbury Drive, consisted of office space leased to several small companies. Scott Miller and Mike Olson of KW Commercial Premier represented the sellers, while Kevin Salmen of Transwestern represented the buyers.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts