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North-Canyons-Business-Center-Livermore-CA

Gantry Secures $15M Acquisition Loan for North Canyons Business Center in Livermore, California

by Amy Works April 25, 2025

LIVERMORE, CALIF. — Gantry has secured a $15 million permanent loan for the purchase of North Canyons Business Center, located at 3025-3095 Independence Drive in Livermore. The six-building business offers 105,000 square feet of industrial and office space. Tony Kaufmann and Joe Foley of Gantry arranged the 10-year, fixed-rate loan for the borrower, a private real estate investor. The loan was structured with one of Gantry’s correspondent insurance company lenders with an interest-only period transitioning to 30-year amortization. Gantry will service the loan. The borrower plans to reposition the asset, including increasing industrial use ratios at the property and activating a leasing program.

April 25, 2025

150-Minuteman-Road-Andover-Massachusetts

Acquisitions Massachusetts Northeast Office

Newmark Brokers Sale of 112,418 SF Office, Life Sciences Building in Andover, Massachusetts

by Taylor Williams April 25, 2025

ANDOVER, MASS. — Newmark has brokered the sale of 150 Minuteman Road, a 112,148-square-foot office and life sciences building in the northern Boston suburb of Andover. The building is one of six within the 1 million-square-foot Minuteman Park campus and was fully leased at the time of sale to global medical technology company Smith + Nephew. Institutional investment firm BentallGreenOak (BGO) sold the building to Optimum Asset Management for an undisclosed price. Robert Griffin, Edward Maher, Matthew Pullen, James Tribble, Samantha Hallowell and William Sleeper of Newmark brokered the deal.

April 25, 2025

Connecticut Leasing Activity Northeast Office

Cushman & Wakefield Negotiates 22,000 SF Office Lease in Wilton, Connecticut

by Taylor Williams April 25, 2025

WILTON, CONN. — Cushman & Wakefield has negotiated a 22,000-square-foot office lease in the southern coastal Connecticut community of Wilton. The tenant is Strong Start Early Care and Education, and the space is located within the freshly renovated building at 187 Danbury Road. Adam Klimek and Steve Baker of Cushman & Wakefield represented the landlord, Time Equities Inc., in the lease negotiations. The representative of the tenant was not disclosed.

April 25, 2025

Leasing Activity New York Northeast Office

Treville Capital Group Signs 18,412 SF Office Lease in Midtown Manhattan

by Taylor Williams April 25, 2025

NEW YORK CITY — Treville Capital Group has signed a 10-year, 18,412-square-foot office lease in Midtown Manhattan. The investment and financial services firm is relocating from 437 Madison Avenue to the eighth floor of 477 Madison Avenue, a 24-story building that recently underwent a capital improvement program. Peter Michailidis of JLL represented the tenant in the lease negotiations. Arkady Smolyansky and Alex D’Amario of CBRE represented the landlord, RFR.

April 25, 2025

Acquisitions Florida Industrial Office Southeast

Cushman & Wakefield Brokers $7.6M Sale of Flex Office Building in Miami

by John Nelson April 24, 2025

MIAMI — Cushman & Wakefield has brokered the $7.6 million sale of the Avex Building, a 48,881-square-foot, multi-tenant flex office and warehouse building located at 6405 N.W. 36th St. in Miami. Miguel Alcivar, Scott O’Donnell, Greg Miller and Mike Ciadella of Cushman & Wakefield represented the seller, Taha Properties, in the transaction. Joseph Suarez of Trustpoint Realty LLC represented the buyer, Marrero Capital Investments.

April 24, 2025

Acquisitions Office Oregon Retail Western

AEW Capital Management Disposes of Machine Works Mixed-Use Property in Portland

by Amy Works April 24, 2025

PORTLAND, ORE. — AEW Capital Management has completed the disposition of Machine Works, a Class A mixed-use asset in Portland. Melvin Mark Investors and Orion Investment Partners acquired the property for an undisclosed price. Located at 1414 NW Northrup St. in Portland’s Pearl District, the nine-story property offers 115,138 square feet of retail and office space, as well as three levels of parking. Built in 2009, the property is fully leased to a variety of tenants in the engineering, medical, government services and fitness industries, with LA Fitness occupying space on the ground floor. Buzz Ellis, Mark Katz, Zach Kersten and David Williams of JLL Capital Markets Investment Sales and Advisory team represented the seller and procured the buyer in the deal.

April 24, 2025

Loans Massachusetts Northeast Office Retail

Colliers Arranges $34.3M Loan for Refinancing of Historic Buildings in Boston Seaport District

by Taylor Williams April 24, 2025

BOSTON — Colliers has arranged a $34.3 million loan for the refinancing of the Custom House Block and Gardiner Building at Long Wharf, a pair of historic buildings totaling 83,824 square feet in Boston’s Seaport District. The Custom House Block was originally completed in 1848 and totals 74,783 square feet, while the 9,041-square-foot Gardiner Building was originally constructed in 1760 and once functioned as John Hancock’s counting house. Today, both buildings house office and retail uses and were 94 percent occupied at the time of the loan closing. Patrick Boyle and Kevin Phelan of Colliers arranged the fixed-rate loan through Grant Street Funding on behalf of the owner, Capital Street Properties, which completed the adaptive reuse of the buildings in 2021.

April 24, 2025

Development Kansas Midwest Office Top Stories

Fiserv Unveils Plans for $175M Fintech Headquarters in Metro Kansas City

by John Nelson April 24, 2025

OVERLAND PARK, KAN. — Fiserv Inc. (NYSE: FI), a global technology company specializing in financial services and payments, has unveiled plans for the development of a $175 million fintech headquarters in the Kansas City suburb of Overland Park. The company will renovate two buildings on the Aspiria corporate campus — formerly the headquarters of telecom company Sprint that is now owned by Occidental Management — which houses 3.9 million square feet of office space across 20 buildings. The new office will join a growing list of innovation centers across the country for Fiserv, including locations in Alpharetta, Ga.; Milwaukee; Omaha, Neb.; Berkeley Heights, N.J.; and New York City. “The greater Kansas City metro area offers a dynamic environment with a growing population of tech talent, making it the ideal location for Fiserv’s next strategic fintech hub,” says Frank Bisignano, chairman and CEO of Fiserv. Situated at 6500 and 6550 Sprint Parkway, Fiserv’s new headquarters will span 427,000 square feet, marking the largest office recruitment in Kansas history, according to the office of Kansas Gov. Laura Kelly. Fiserv picked Overland Park for its central U.S. location, in addition to its proximity to the company’s Midwestern clients and the region’s affordability. The new …

April 24, 2025

Florida Loans Office Southeast

JLL Arranges $51.5M Refinancing for Dadeland Centre Office Buildings in Metro Miami

by John Nelson April 23, 2025

DADELAND, FLA. — JLL has arranged $51.5 million for the refinancing of Dadeland Centre I and II, two office buildings within the Dadeland Centre complex in metro Miami. Paul Stasaitis led the JLL team in arranging the 10-year, fixed-rate loan through Goldman Sachs on behalf of the borrowers, The Green Cos. and an entity doing business as Dadeland Centre. Built in 2003 and 2008 by The Green Cos., the office properties span 242,598 square feet, with Dadeland Centre I rising 18 stories and Dadeland Centre II rising 15 stories. The office buildings are subject to long-term ground leases with Miami-Dade County and each include multiple levels of structured parking. The properties were 93 percent leased at the time of financing to tenants including Cole Scott & Kissane, Steel Group LLC and Field & Howell.

April 23, 2025

Development Leasing Activity North Carolina Office Restaurant Retail Southeast

Parkside, MDH Add Tenants at Oakhurst Commons Redevelopment Project in East Charlotte

by John Nelson April 23, 2025

CHARLOTTE, N.C. — Co-owners Parkside Partners and MDH Partners have opened or signed a new round of office and retail tenants at Oakhurst Commons, a 10-acre mixed-use redevelopment underway in Charlotte’s Oakhurst neighborhood on the city’s east side. Thrift Commercial Real Estate Services is leading the leasing assignment for both the office and retail components at Oakhurst Commons. The new concepts joining include Brunches (opening in August), The Health Club (open), Ilios Crafted Greek (open), DreamMaker Bath & Kitchen (no opening date announced), Wildlands Engineering (no opening date announced), Switchyards (open), Made2Move (open) and Moodhouse (open).

April 23, 2025

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