STERLING, MASS. — Marcus & Millichap has brokered the $4.2 million sale of a 37,000-square-foot industrial flex building in Sterling, about 50 miles west of Boston. The building sits on a 6.6-acre site at 86 Leominster Road and features four loading docks, a drive-in door and 150 parking spaces. Harrison Klein of Marcus & Millichap represented the seller, which will retain occupancy of a portion of the building, in the transaction. Alan Ringuette of The Stubblebine Co. represented the buyer, which will occupy the remainder. Both parties requested anonymity.
Office
NEW YORK CITY — Massumi + Consoli has signed a 57,988-square-foot office lease in the Bryant Park area of Midtown Manhattan. The law firm has committed to three full floors at 1133 Avenue of the Americas, a 45-story, 1.1 million-square-foot building. Jim Schoolfield and Andrew Coe of JLL represented Massumi + Consoli in the lease negotiations.Tom Bow, Rocco Romeo and Nora Caliban represented the landlord, The Durst Organization, on an internal basis.
WESTLAKE, TEXAS — Pluralsight Inc. has signed a 26,000-square-foot office lease in Westlake, a northern suburb of Fort Worth. The global workforce development company has relocated from Utah to the fourth floor of the 120,543-square-foot Building 6 at Terraces at Solana, a 1.1 million-square-foot complex. A partnership between two Chicago-based firms, Glenstar and Singerman Real Estate, owns Terraces at Solana.
ARLINGTON, TEXAS — Holt Lunsford Commercial has negotiated a 5,731-square-foot office lease in Arlington. The space is located within the 123,000-square-foot building at 700 Highlander Blvd. Vic Meyer and Kareem Amer of Holt Lunsford represented the landlord in the lease negotiations. Ryan Matthews of JLL represented the tenant, Island Imaging Investments.
NEW YORK CITY — Tempus AI Inc., a healthcare technology firm, has signed a 39,565-square-foot office lease at 11 Madison Avenue, a 30-story building in Midtown Manhattan. The lease term is 10 years, and the space spans part of the building’s 17th floor. Peter Michailidis of JLL represented the tenant in the lease negotiations. Brian Waterman, Scott Klau, Eric Harris and Brent Ozarowski of Newmark represented the landlord, SL Green.
PALO ALTO, CALIF. — Gantry has secured a $25 million loan to refinance maturing debt from the acquisition and renovation of a creative office building located at 250 Cambridge Ave. in Palo Alto. The three-story building offers 38,000 square feet of modern creative office space. The property features open air corridors, a central courtyard and maturing landscape aligned with new building systems throughout and enhanced exterior finishes. Robert Slatt, Murphy Osborne and Joe Foley of Gantry represented the borrower, a private real estate investor. The three-year, fixed-rate loan with 30-year amortization was provided by one of Gantry’s correspondent life company lenders. Gantry will service the loan.
WESTLAKE, TEXAS — M1 Support Services has signed a 26,000-square-foot office lease in Westlake, a northern suburb of Fort Worth. The national defense contractor and aerospace company is relocating from Denton to the second floor of the 123,862-square-foot Building 5 at Terraces at Solana, a 1.1 million-square-foot complex. A partnership between two Chicago-based firms Glenstar and Singerman Real Estate, owns Terraces at Solana.
NEW YORK CITY — Unity Technologies has signed a 10,000-square-foot office lease in Manhattan’s Union Square area. The 3D content creation platform will occupy the entire second floor at 817 Broadway, a 14-story, 140,000-square-foot building that was built in 1895 and recently repositioned. Gabe Marans of Savills represented Unity Technologies in the lease negotiations. David Falk, Jason Greenstein and Daniel Levine of Newmark represented the landlord, a partnership between Taconic Partners and Nuveen Real Estate.
HOUSTON — JLL has arranged the sale of a 240,166-square-foot office building in the Energy Corridor area of West Houston. Energy Crossing I is a three-story building that was constructed on a 5.3-acre site at 15021 Katy Freeway in 2010. Amenities include a fitness center and a café. Kevin McConn and Rick Goings of JLL represented the undisclosed seller in the transaction. The buyer was Austin-based Capital Commercial Investments Inc. The sales price was not disclosed.
Brinkman Real Estate Sells Sundance Plaza Mixed-Use Property in Steamboat Springs, Colorado
by Amy Works
STEAMBOAT SPRINGS, COLO. — Brinkman Real Estate has completed the disposition of Sundance Plaza, a multi-tenant mixed-use property in Steamboat Springs, to Denver-based private REIT. Located at 225 Anglers Drive, Sundance Plaza offers retail and office space. At the time of sale, the property was 98 percent occupied. Jon Hendrickson, Aaron Johnson and Mitch Veremeychik of Cushman & Wakefield represented the seller in the deal.