LAS VEGAS — NS8 has leased 12,890 square feet of office space at the Holsum Design Center (Lofts) in downtown Las Vegas. The online abuse, fraud and user experience protection platform will be the anchor tenant at the 46,000-square-foot center, which was formerly a bread factory. NS8 took occupancy of the space on March 1. The center is located at 241 W. Charleston Blvd. LaPour redeveloped the site in 2004. In addition to NS8, the building is home to architects, designers, real estate firms and financial firms, as well as other professional and creative users. Holsum is also home to Lola’s, A Louisiana Kitchen restaurant.
NEWARK, DEL. — The Chemours Co. is developing Chemours Discovery Hub, a 312,000-square-foot research facility located on the University of Delaware’s Science Technology and Advanced Research Campus in Newark. IMC Construction broke ground on the $150 million project in December 2017. Designed by L2 Patridge, the 15-acre project will consolidate laboratories and offices for approximately 330 scientists, engineers and researchers who will be relocated from Chemours’ New Castle County facilities. The new facility will include more than 100 labs, 50 specialty rooms, cafes, conference rooms and 20 huddle rooms for small group meetings. Project members include Tetra Tech, RDK and O’Donnell & Naccarato. Completion of the four-story building is slated for early 2020. Trammell Crow is representing the owner in the project.
OMAHA, NEB. — The Noddle Cos. has been selected to develop the new corporate headquarters for Kiewit Corp. in north downtown Omaha. The office building will range from 165,000 to 185,000 square feet. HDR designed the project, which also includes a parking garage for 650 cars. Construction costs are estimated at $76 million. The new headquarters for the construction and engineering organization will be situated across the street from Kiewit University. Construction is scheduled to begin in October and finish in 2020.
SKOKIE, ILL. — American Landmark Properties has completed the lease-up of its Illinois Science + Technology Park (ISTP) in Skokie, a northern suburb of Chicago. Vetter Pharma International USA and Charles River Laboratories International recently signed lease expansions. Vetter now occupies a total of 49,000 square feet, and Charles River has expanded to 34,056 square feet. American Landmark acquired the 24-acre research, lab and office campus one year ago when it was 86 percent leased. The real estate investment group plans to redevelop an existing 130,000-square-foot building located within ISTP at 8030 Lamon Ave. Five other build-to-suit sites provide a total development capacity of an additional 1.3 million square feet, according to John Roeser, executive vice president of American Landmark. Scott Brandwein and David Saad of CBRE are the leasing agents for ISTP.
WHITE BEAR LAKE, MINN. — Marcus & Millichap has arranged the sale of Oak Ridge Centre in White Bear Lake, 20 miles northeast of Minneapolis, for $3.3 million. The 23,641-square-foot office property is located at 4801 Highway 61 N. Tenants were not disclosed. Michael Ahles of Marcus & Millichap marketed the property on behalf of the seller, a partnership. Ahles also secured the buyer, a local private investment group.
WASHINGTON, D.C. — JBG Smith has formed a joint venture with Canada Pension Plan Investment Board (CPPIB) to develop and own 1900 N Street, a $225 million office development under construction in Washington, D.C.’s central business district. CPPIB will invest approximately $101 million in the 11-story building, giving it a 45 percent stake in the project. JBG Smith will continue to develop, manage and lease the asset. The property was 29.6 percent preleased as of the third quarter of 2017. International law firm Goodwin Procter LLP has preleased 80,329 square feet at the building, according to the Washington Business Journal. JBG Smith’s portfolio comprises more than 20 million square feet of office, multifamily and retail assets in the D.C. area. As of Dec. 31, 2017, the CPP Fund totaled $337.1 billion.
FORT WORTH, TEXAS — Hillwood has broken ground on a 200,000-square-foot office building for Mercedes-Benz Financial in Fort Worth. The build-to-suit property is located within the AllianceTexas master-planned community and will serve as the company’s national business operations center. Mercedes-Benz Financial has operated out of AllianceTexas since 2007, and the development of this property ensures that roughly 900 direct and indirect jobs will be retained in Fort Worth.
SEATTLE — A joint venture between Investcorp International Realty and Schnitzer West has secured $170 million in refinancing for a 540,589-square-foot office tower in downtown Seattle. The Class A tower is located at 901 Fifth Ave. The tower was originally built in 1998. The core office asset was recently renovated with more than $7 million in improvements, including updates to the lobby, conference center and executive board room. It is almost fully leased to credit tenants like the City of Seattle, St. Jude, State Farm Mutual, SVB Financial Group, AllState Insurance, Washington State University, the Federal Home Loan Bank of Des Moines and Pitchbook Inc. HFF’s Michael Gigliotti, Tom Wilson and Michael Tepedino secured the loan through HSBC.
LAWRENCEVILLE, N.J. — Segal LaBate Commercial Real Estate has arranged the sale of an office building located at 133 Franklin Corner Road in Lawrenceville. Atrium at Lawrenceville, an affiliate of Howco Management, purchased the 33,000-square-foot property, known as The Atrium, for an undisclosed price. Constructed in 1984, the property had been family owned and operated until the sale. Anne LaBate of Segal LaBate Commercial brokered the transaction.
RALEIGH, N.C. — Newport Beach, Calif.-based KBS Realty Advisors and Raleigh-based Kane Realty Corp. have sold Midtown Plaza, a 12-story office building in Raleigh, for $127 million. The newly built office property is located within North Hills, a mixed-use development that features hotels, apartment units, a movie theater, retail and restaurant space. KBS and Kane completed construction on the building last spring. Healthcare technology company Allscripts occupies nine of the 12 floors. James Cassidy and Jud Ryan of Newmark Knight Frank represented KBS and Kane in the transaction. The name of the buyer was not disclosed.