MILWAUKEE — Heartland Advisors has unveiled plans to relocate to BMO Tower in the heart of Milwaukee’s central business district. The independent investment firm, which manages mutual funds, will occupy 10,873 square feet on the 12th floor. Alyssa Geisler of CBRE represented Heartland in the lease transaction. Mike Wanezek of Colliers International represented the owner, Irgens. Located at 790 N. Water St., BMO Tower is a 25-story office building currently under construction. The property is expected to open in December. Anchor tenants include BMO Harris Bank and Michael Best & Friedrich. Approximately 160,000 square feet of office space and 12,000 square feet of retail space remain available for lease.
MILWAUKEE — Crescendo Collective has signed an 8,700-square-foot lease within The Factory Office Suites at The 42, an office development in Milwaukee’s Brewery District. The digital marketing firm will occupy the space later this year. Max Rasansky and Alyssa Geisler of CBRE represented the landlord, Scott Lurie. The Boerke Company represented the tenant. Office tenants at The 42 have access to a fitness center, coffee bar, rooftop deck and community lounge. Milwaukee Brewing Co. operates a brewery at the development. Approximately 35,000 square feet of space remains available for lease within the office portion.
BOTHELL, WASH. — Newmark Knight Frank (NKF) has arranged the sale of Canyon Pointe, a single-tenant office campus located at 22309 and 22213 30th Drive SE in Bothell. Terms of the transaction were not released. T-Mobile occupies the 174,546-square-foot Class A office campus under a long-term lease agreement. Built in 2007 on 9.8 acres, the property includes two three-story buildings with private third-floor balconies, abundant on-site parking, 30,000-square-foot floorplates and an outdoor landscaped area. Kevin Shannon, Nick Kucha, Ken White, Michael Moll and Bill DeLacy of NKF represented the undisclosed seller in the deal.
ATLANTA — WeWork has signed a multi-floor, 100,300-square-foot lease at Centennial Tower, an approximately 665,000-square-foot office tower located at 101 Marietta St. in downtown Atlanta. WeWork’s long-term lease deal includes building-top signage. WeWork, one of the world’s largest coworking space providers, plans to add 1,300 members to the new space. This is WeWork’s largest space of it six Atlanta locations and its first in downtown. Katherine Lynch and Chris Port of CBRE represented the landlord, The Dilweg Cos., in the lease agreement. Clinton McKellar and Sam Hollis of Cushman & Wakefield represented the tenant. Southeast Real Estate Business reported earlier this month that Dilweg signed tech startup company Steady to a full-floor lease within Centennial Tower.
NEWARK, N.J. — Paramount Assets has acquired 17 Academy Street, a 100,000-square-foot, 12-story office building in Newark’s Four Corners Historic District. The sales price was undisclosed. Built in 1926, the property was 70 percent occupied at the time of sale by a variety of professional services firms. Situated between Halsey and Broad streets, 17 Academy Street is directly across the street from the world headquarters of the Prudential Insurance Co. and is within walking distance of public transportation. Paramount Assets already owns three other properties on the same street, 31 Academy, 27 Academy and 45 Academy.
HOUSTON — NAI Partners has negotiated a 19,865-square-foot office lease at 1360 Post Oak Blvd. in Houston for U.S. Well Services, a provider of hydraulic fracturing solutions. Dan Boyles and Liz Westcott-Brown of NAI Partners represented U.S. Well Services in the lease negotiations. Morgan Relyea Colt of Cushman & Wakefield represented the landlord.
PHOENIX — Helix Properties LLC, on behalf of Next Gen 101 LLC, has purchased West 101 Corporate Center, an office property located at 1860 N. 95th Lane in Phoenix. Regent Properties sold the property for $8.5 million. Situated on a 230,432-square-foot lot, the three-story building features 81,922 square feet of Class A office space. Designed by DFD Architects, the property features 452 linear feet of Loop 101 frontage. At the time of acquisition, the property was 53 percent occupied. Chris Toci and Chad Littell of Cushman & Wakefield’s Phoenix office represented the seller in the transaction. The buyer is a single entity controlled by Helix.
EAGAN, MINN. — An affiliate of Group RMC has acquired the 10-building Grand Oak Business Park in Eagan, a suburb of Minneapolis. The purchase price was not disclosed. The office buildings total 550,224 square feet. The 98-acre campus features outdoor amenity areas and trails. Ryan Watts, Sonja Dusil, Judd Welliver and Tom Holtz of CBRE represented the seller, an affiliate of Equus Capital Partners Ltd. This is the first acquisition in the Minneapolis market for Group RMC.
DALLAS — San Francisco-based software company Salesforce has signed a lease at The Union, a mixed-use property located at 2300 N. Field St. in Dallas that includes a 420,000-square-foot office tower and a 31-story residential building. The square footage of space was not disclosed, but Salesforce has confirmed it to be at least 100,000 square feet. According to brokers, the deal was the largest office lease executed in Uptown Dallas when it closed in late 2018. Clay Vaughn and Preston Lynn of CBRE represented Salesforce in the lease negotiations. John Brownlee, Gini Rounsaville and Brooke Oliver of Peloton Commercial Real Estate represented the landlord. The lease brings The Union to 90 percent occupancy. The office component of The Union opened in October 2018. The entire development is expected to be complete by spring 2019.
CLIFTON, N.J. — Marcus & Millichap has arranged the $2.6 million sale of a 21,240-square-foot office building in Clinton. Located at 95 Main Ave., the property was built in 1985. Fahri Ozturk and Richard Gatto of Marcus & Millichap’s New Jersey office represented the seller, a private investor, in the transaction. The buyer was also a private investor.