BOLINGBROOK, ILL. — Ulta Beauty has expanded its corporate headquarters in Bolingbrook by 70,720 square feet. The company now leases nearly 379,000 square feet at Tallgrass Corporate Center, which is a 533,365-square-foot Class A office building. Middleton Partners, the landlord, is adding a new tenant lounge in the building. Existing amenities include a fitness center, conference center, cafeteria and outdoor walking path. Ulta Beauty has maintained its headquarters at Tallgrass Corporate Center since 2008. Francis Prock, Dave Florent and Brent Jacob of Colliers International represented Middleton Partners in the lease expansion.
ATLANTA — WeWork has signed a four-story, 40,000-square-foot lease at 881 Peachtree St. in Midtown Atlanta and will relocate its headquarters from its 1372 Peachtree location. The space will house more than 680 desks for WeWork members. WeWork 881 Peachtree is part of 881 Peachtree Street, a 29-story mixed-use project that Hanover Co. and The Loudermilk Cos. are co-developing. 881 Peachtree will offer 44,000 square feet of office space and 11,000 square feet of retail space.
TULSA, OKLA. — JLL has arranged a $48.6 million acquisition loan for a portfolio of nine office buildings totaling more than 1 million square feet in Tulsa’s southern submarkets. Adam Schwartz, Aaron Appel, Keith Kurland, Jonathan Schwartz, Matt Collins and Sean Bastian of JLL placed the loan through Citigroup Inc. on behalf of the borrower, Group RMC, a New York-based office investment firm.
EVANSTON, ILL. — Marcus & Millichap has negotiated the sale of 820 Davis St., a 76,239-square-foot office building in Evanston, for $10.6 million. The five-story building is located four blocks south of Northwestern University. Stephen Lieberman of Marcus & Millichap marketed the property on behalf of the seller, a North Shore-based private family that had owned the property for nearly 20 years. Lieberman also procured the buyer, Free Market Ventures, a Chicago-based private investment group. The buyer plans to do an extensive renovation and modernization of the building.
DENVER — HFF has arranged $165 million in permanent financing for Dairy Block, a mixed-use asset in downtown Denver. The borrower is a joint venture partnership between McWHINNEY, Grand American and Sage Hospitality. Eric Tupler and Brock Yaffe of HFF secured the long-term debt with MetLife Investment Management. The borrowers will use the loan proceeds to refinance the construction loan on the property. Diary Block consists of three components: Dairy Block, a newly built, six-story, 218,660-square-foot office space with 380-space subterranean parking garage. Firehouse Block, a historic 92,803-square-foot office and retail space along Blake Street. Maven Hotel, a 172-key boutique hotel. Operated by Sage Hospitality, the eight-story property features a 175-seat Kachina Cantina along with Poka Lola Social Club.
PHOENIX — Vancouver, Canada-based Balfour Pacific Capital has purchased the Phoenix Corporate Tower, a 25-story office property located in midtown Phoenix, for $42.3 million. Situated on 17.4 acres at 3003 N. Central Ave., the landmark property features 457,893 square feet of office space. At the time of sale, the property was 66 percent occupied. Developed in 1964, the building has been upgraded and renovated multiple times, with recent improvements including conference facilities, a 180-seat auditorium, training rooms, a tenant lounge, collaborative work space and a newly renovated courtyard. Department of Child Safety occupies 130,000 square feet of the property. Chris Toci, Chad Littell, Dave Carder and Scott Boardman of Cushman & Wakefield handled the transaction.
CHANDLER AND GILBERT, ARIZ. — Bethesda, Md.-based Global Medical REIT has purchased a three-building medical office portfolio, totaling 39,305 square feet in Chandler and Gilbert, for $16.1 million, or $410 per square foot. Cushman & Wakefield represented the anchor tenant and seller, a local gastroenterology practice, in the sale. The seller will continue to operate out of the properties under a long-term sale/leaseback arrangement. The portfolio also includes two endoscopy centers, one of which is owned and operated by a joint venture between local physicians, Dignity Health and United Surgical Partners, a national surgery center operator. Devpal Gupta and Peter Menna of Cushman & Wakefield’s Phoenix office collaborated with Travis Ives of Cushman & Wakefield’s national Healthcare Capital Markets team to represent the seller in the assignment.
LONGVIEW, TEXAS — A subsidiary of Fort Worth-based Mitchell Asset Group Inc. (MAG) has closed the sale-leaseback of the M. Roberts Media corporate headquarters and production facilities, two buildings totaling 124,000 square feet in Longview, about 130 miles east of Dallas. Andy Rogers of Kelly Hart & Hallman LLP represented MAG in the transaction. Old Capital Lending arranged acquisition financing for the deal.
NASHVILLE, TENN. — WeWork will open its third Nashville location this fall. The newest site will be situated in the city’s North Gulch district, spanning 65,000 square feet and two stories at 500 11th Ave. N. within Capitol View. A joint venture between Boyle Investment Co., Northwestern Mutual and Northwood Ravin developed Capitol View, a 32-acre mixed-use development offering 378 residential units, retail space, restaurants and a 2.5-acre park. WeWork expects the space to house up to 1,000 workers. WeWork’s other two Nashville locations are in downtown (1,300 desks) and East Nashville (470 desks).
PLANO, TEXAS — Toyota Motor Credit Corp. has signed a 27,133 -square-foot office lease expansion at Legacy Town Center III in Plano. The company now occupies 54,255 square feet at the property, which was built in 2006 and is owned by California-based KBS. Alan Wood and Wade Clark of JLL represented the tenant in the lease negotiations. Jackie Marshall and Alexandra Cullins of CBRE represented the landlord.