HOUSTON — A partnership between two locally based firms, PAGEWOOD and Wile Interests, has welcomed three new office tenants to The Quad at Brittmoore, a four-building campus in West Houston that is a redevelopment of a former industrial park. Parker Noble and Matt Asvestas of Stream Realty Partners represented the partnership in all three lease negotiations. Noah Kruger of Savills represented global technology firm Homebase (10,588 square feet) in its lease negotiations, while Derick Perkins of Alpine Partners represented energy technology company Digital Wildcatters (4,829 square feet). Bryant Lach of JLL represented cloud technology services provider Siepe (4,451 square feet).
NEW YORK CITY — Customers Bank has signed a 24,600-square-foot office lease expansion in Midtown Manhattan. The bank holding company is taking an additional full floor at 101 Park Avenue, a 1.3 million-square-foot building. John Cefaly and Nicholas Dysenchuk of Cushman & Wakefield represented the landlord, H.J. Kalikow & Co., in the lease negotiations. Customers Bank, which now occupies 37,000 square feet at the property, was self-represented.
HAUPPAUGE, N.Y. — Forchelli Deegan Terrana LLP has opened a new, 3,000-square-foot office in the Long Island community of Hauppauge, the first for the New York-based law firm outside of its Uniondale headquarters. According to LoopNet Inc., the 210,000-square-foot building at 100 Motor Parkway was originally constructed in 2006 and renovated in 2020. JLL represented Forchelli Deegan Terrana in the lease negotiations. Damianos Realty Group owns the building.
LOS ANGELES — CIM Group has completed construction of a three-story creative office building at 3000 Crenshaw Blvd. in Los Angeles. The 55,673-square-foot building offers flexible design options with 12.5-foot ceiling heights and large operable windows. The property offers two levels of below-grade parking, a variety of outdoor spaces, including private balconies on all floors, glass garage doors opening to a private outdoor patio on the third floor and a communal landscaped rooftop deck.
HILLSBORO, ORE. — Gantry has secured a $9.5 million loan for the acquisition of a mid-rise office campus in Hillsboro, a suburb of Portland. The borrower, a Los Angeles-based private investor, acquired the asset for $17 million. Situated on 17.7 acres, the campus features two five-story buildings offering a total of 226,000 square feet. The office campus is located at 2025 and 2035 N.E. Cornelius Pass Road. Mark Ritchie and Keegan Bridges of Gantry secured the fixed-rate, interest-only loan through one of the firm’s correspondent insurance company lenders.
INDIANAPOLIS — Rubenstein Partners LP has completed a new equity investment that fully recapitalizes the Parkwood Crossing office campus in Indianapolis. Rubenstein acquired the eight-building, 1.2 million-square-foot office park in 2016. The company has implemented a comprehensive renovation of the Class A property since taking ownership. The new recapitalization enables Rubenstein to continue to modernize the campus with further amenities and the addition of two large greenspaces. Rubenstein has spent $36 million upgrading building lobbies, restrooms, entry facades and building systems as well as adding a number of indoor and outdoor amenities. The improvements are expected to coincide with two new roundabouts and roadway beautification projects through the center of the campus.
IRVING, TEXAS — Rocktop Technologies, a provider of AI-driven financial valuation services, has subleased 15,883 square feet of office space at the Toyota Music Factory in Irving. According to LoopNet Inc., the property at 370 W. Las Colinas Blvd is a six-story, 166,698-square-foot complex that was originally built in 2018. Kevin McGee and Zach Stevens of NAI Robert Lynn represented the sublessee in the lease negotiations. The name of the sublessor and building owner were not disclosed.
AUSTIN, TEXAS — RBC Wealth Management has signed a seven-year, 11,710-square-foot office lease in southwest Austin. The financial services firm is taking space at the 124,405-square-foot Building II at Uplands Corporate Center. Ricky Whiteley of Cushman & Wakefield represented the tenant, which plans to take occupancy by the end of the year, in the lease negotiations. Matt Frizzell and Kevin Granger, also with Cushman & Wakefield, represented the landlord, San Francisco-based Drawbridge Realty.
HOMEWOOD, ALA. — The FiveStone Group has broken ground on a new 30,000-square-foot office building in Homewood that will serve as the Alabama headquarters for global financial services firm Morgan Stanley. The site is located on a one-acre parcel at 740 Shades Creek Parkway, which is adjacent to Shades Valley Lutheran Church, in one of Birmingham’s top office submarkets. Carter Burwell of JLL represented the tenant in the lease negotiations, and Michael Reilly of FiveStone Group and Philip Currie of JH Berry represented the landlord. Additional partners for the development include KPS Group, Schoel Engineering, Renta Urban Land Design and D&A Cos. Hoar Construction is the general contractor for the Class A facility and expects to complete the core and shell of the building in second-quarter 2025.
NEW YORK CITY — Corient has signed a 24,600-square-foot office lease expansion in Midtown Manhattan. The provider of wealth management services is taking an additional full floor at 101 Park Avenue, a 1.3 million-square-foot building. John Cefaly and Nicholas Dysenchuk of Cushman & Wakefield represented the landlord, H.J. Kalikow & Co., in the lease negotiations. Mark Robbins and Evan Foley of Avison Young represented Corient, which now occupies 74,000 square feet at the property.