Office

Unico Properties Acquires 160,164 SF Historic Office Building on Seattle’s Waterfront

by Amy Works May 22, 2019

SEATTLE — Unico Properties, a subsidiary of Unico Investment Group, has acquired the Colman Building on Seattle’s waterfront from Goodman Real Estate for an undisclosed price. With this purchase, Unico’s presence on the waterfront now exceeds 1 million square feet. The six-story Colman Building features 160,164 square feet of office space with ground-level retail encircling the entire property. At the time of sale, the property was 88 percent occupied. The historic building was commissioned by Scottish immigrant and master machinist James Colman and constructed in several stages between 1889 and 1906. The building is listed on the National Register of Historic Places and considered a City of Seattle landmark. Nick Kucha, Kevin Shannon, Cavan O’Keefe, Michael Moll, Bill DeLacy, Jakob Nicolls and Jeff Hodson of Newmark Knight Frank represented the seller in the deal.

May 22, 2019

Development Office Texas

Cawley Partners to Develop 200,000 SF Office Building in Plano

by Taylor Williams May 22, 2019

PLANO, TEXAS — Dallas-based Cawley Partners will develop HQ53, a 200,000-square-foot office building that will be located at 5300 Headquarters Drive in Plano. The Class A building will offer collaborative gathering spaces, as well as a 6:1 parking ratio and access to a variety of nearby retail and dining options. The groundbreaking is slated for September and completion is scheduled for September 2020. BOKA Powell is the project architect.

May 22, 2019

Leasing Activity Office Texas

Complexity Gaming Opens 11,000 SF Headquarters at The Star in Frisco

by Taylor Williams May 22, 2019

FRISCO, TEXAS — Complexity Gaming, an esports organization, has opened its 11,000-square-foot office headquarters at The Star, the Dallas Cowboys 91-acre mixed-use campus in Frisco. Designed by ICRAVE, the space features a public area and retail space, as well as training rooms and innovation labs for esports players, which compete professionally in video games. A GameStop Performance Center will also open this summer and will carry merchandise from Complexity Gaming.

May 22, 2019

Acquisitions Office Texas

Marcus & Millichap Arranges Sale of 32,864 SF Office Building in McAllen

by Taylor Williams May 22, 2019

MCALLEN, TEXAS — Marcus & Millichap has arranged the sale of McAllen Commerce Center, a 32,864-square-foot office building located in the Rio Grande Valley region. Gustavo Torres of Marcus & Millichap’s San Antonio office represented the seller, a private investor, in the transaction. Joshua Murphy of Marcus & Millichap represented the buyer, also a private investor. Additional terms of sale were not disclosed.

May 22, 2019

Illinois Leasing Activity Midwest Office

RSM Expands Office Lease at Chicago’s CME Center

by Kristin Harlow May 22, 2019

CHICAGO — Audit, tax and consulting firm RSM has expanded its footprint to 165,323 square feet within CME Center in Chicago. The property, located on South Wacker, is now 95 percent occupied. CME Center consists of two 40-story office towers connected by a 10-story center structure. The property totals 2.3 million square feet. Completed in phases during the 1980s, the asset was recently redeveloped with redesigned lobbies and common area enhancements. Tishman Speyer owns the property. Joe Gordon and Justin Lewis of Tishman Speyer represented ownership in the lease transaction with RSM. Rick Schuham of Savills represented RSM, which has 10,000 employees in 86 offices across the United States.

May 22, 2019

Leasing Activity Office Southeast Virginia

Rubenstein, Griffith Properties Sign Freddie Mac to 150,000 SF Office Lease in Metro D.C.

by Alex Tostado May 21, 2019

TYSONS, VA. — Rubenstein Partners and Griffith Properties have signed a tenant to a full-building, 150,000-square-foot office lease within Centerstone at Tysons. The name of the tenant was not disclosed, however, multiple news outlets report the tenant is government-sponsored enterprise Freddie Mac. Centerstone at Tysons is located near two stops along the Washington Metropolitan Area Transit Authority (WAMTA), as well as Interstate 495 and several retail and dining options. A timeline for Freddie Mac’s move into the space was not disclosed.

May 21, 2019

Leasing Activity Office Texas

NAI Partners Negotiates 3,342 SF Office Lease in Houston

by Taylor Williams May 21, 2019

HOUSTON — NAI Partners has negotiated a 3,342-square-foot office lease at 3 Riverway in Houston. According to LoopNet Inc., the property spans approximately 159,000 square feet and was built in 1982. Alex Taghi of NAI Partners represented the tenant, law firm Sico Hoelscher Harris LLP. CBRE handles leasing at Riverway on behalf of the landlord.

May 21, 2019

Acquisitions Healthcare Life Sciences Massachusetts Northeast Office

Harrison Street Acquires 676,917 SF Life Sciences Property Near MIT

by Taylor Williams May 21, 2019

CAMBRIDGE, MASS. — Chicago-based investment management firm Harrison Street has acquired Osborn Triangle, a 676,917-square-foot life sciences property situated adjacent to the Massachusetts Institute of Technology (MIT) campus in Cambridge. The complex encompasses three buildings, all of which were either recently built or renovated. The sale included a 650-space parking garage. Harrison Street partnered with Bulfinch Cos., a subsidiary of MIT that retains a partial interest in the property, for the acquisition. Osborn Triangle was fully leased at the time of sale to seven tenants, including anchors Pfizer, Novartis International AG and LabCentral, an incubator for life science and biotech startups. MIT will retain long-term ownership of the land. The sales price was not disclosed.

May 21, 2019

Leasing Activity New York Northeast Office

JLL Negotiates 19,799 SF Office Sublease at Rockefeller Plaza in Manhattan

by Taylor Williams May 21, 2019

NEW YORK CITY — JLL has negotiated a 19,799-square-foot office sublease at 1 Rockefeller Plaza in Manhattan on behalf of Quontic Bank, a privately held financial institution. The company will occupy the ninth floor of the 36-story building for the next six years. Tishman Speyer owns the property. Alexander Chudnoff, Benjamin Bass and Harrison Potter of JLL represented Quontic Bank in the lease negotiations. Greg Taubin, Scott Bogetti and Sean Hoffman of Savills Inc. represented the sublandlord, Trammo, which distributes fertilizers and chemicals.

May 21, 2019

Development Florida Office Southeast

Related Cos. Breaks Ground on 300,000 SF Office Building in West Palm Beach

by Alex Tostado May 20, 2019

WEST PALM BEACH, FLA. — Related Cos. has broken ground on 360 Rosemary, a planned 300,000-square-foot office building within West Palm Beach’s Rosemary Square neighborhood. The new office building will stand 20 stories and offer 10,000 square feet of amenity space, two indoor/outdoor terraces, seven levels of parking, shared car parking, onsite bike racks, a fitness center and an onsite conference facility. Rosemary Square is undergoing a $550 million transformation from a retail and entertainment center to a vibrant community and destination featuring commercial office space, green spaces, residences, experiential retail and culinary offerings. Rosemary Square sits on 72 acres and is located three miles from Palm Beach International Airport, and adjacent to the West Palm Beach Virgin Trains USA high-speed rail station, which connects West Palm Beach to Miami and Fort Lauderdale. Elkus Manfredi Architects and Leo A. Daly designed 360 Rosemary, which is expected to be complete by early 2021.

May 20, 2019

Newer Posts

Older Posts