Office

Mercedes-Benz USA Opens 200,000 SF Office Headquarters in Metro Atlanta

by Camren Skelton March 16, 2018

SANDY SPRINGS, GA. — Mercedes-Benz USA (MBUSA) celebrated the grand opening of its new headquarters in Sandy Springs on Thursday. The 200,000-square-foot office building is located on a 12-acre campus near Ga. 400 in Atlanta’s Central Perimeter office submarket, roughly 14 miles north of downtown Atlanta. This move was years in the making, as MBUSA announced in January 2015 that it was moving its headquarters from Montvale, N.J., to Atlanta. Since that time the German automaker also won the naming rights for the new home of the Atlanta Falcons and Atlanta United, Mercedes-Benz Stadium, which opened in 2017. MBUSA’s new office building, made entirely of glass and supported by steel beams, was designed with a one-to-one ratio of collaborative seats to individual workstations in order to encourage interaction and creativity among MBUSA staffers. Amenities include a conference center, coffee bar with a barista, café, 5,000-square-foot fitness center with trainers, an on-site childcare facility, outdoor playground and a furnished rooftop deck. The building is LEED-Silver certified and uses drip irrigation and energy efficient mechanical systems to reduce water usage. To reduce food waste, the company is partnering with Second Helpings Atlanta Inc., which takes surplus food from metro Atlanta organizations and delivers …

March 16, 2018

Georgia Leasing Activity Office Southeast

Avison Young Arranges 50,900 SF Office Lease for Global Commerce Company in Metro Atlanta

by Camren Skelton March 15, 2018

MARIETTA, GA. — Avison Young has arranged a 50,900-square-foot lease for First Data Corp., a leader in commerce-enabling technology and solutions, at 1600 Terrell Mill Road in Marietta. The office building is located less than three miles from the Atlanta Braves’ new home at SunTrust Park and 15 miles north of downtown Atlanta. Jillian Bailey, Rick Nash and Ben Parker of Avison Young arranged the lease on behalf of the landlord, Zamir Equities. The eight-year lease brings the building to full occupancy.

March 15, 2018

Leasing Activity Michigan Midwest Office

Signature Associates Negotiates 68,305 SF Office Lease for Marketing Firm in Dearborn, Michigan

by Kristin Harlow March 15, 2018

DEARBORN, MICH. — Signature Associates has negotiated a 68,305-square-foot office lease renewal and expansion for Jackson Dawson Communications Inc. and its subsidiary Benmar Communications in Dearborn. The creative marketing and branding company, headquartered in Dearborn, occupies the space at 1 Parklane Blvd. Chris Secontine of Signature Associates represented both the tenant and the landlord, Fairlane Venture One LLC, in the lease transaction.

March 15, 2018

Illinois Leasing Activity Midwest Office

Euromonitor International Signs 36,023 SF Office Lease in Chicago’s Loop District

by Kristin Harlow March 15, 2018

CHICAGO — Euromonitor International LLC has signed a 36,023-square-foot office lease at 1 N. Dearborn St. in Chicago. The independent provider of strategic market research will move its North American headquarters from 224 S. Michigan Ave. in October of this year. Euromonitor will occupy the 17th floor of the Central Loop office tower, which is owned by Beacon Properties. Tony Karmin and Corby Marx of Colliers International represented the tenant in the lease transaction. Jack O’Brien and Caroline Colnon of Telos Group represented Beacon Properties.

March 15, 2018

Leasing Activity Office Texas

NAI Partners Negotiates 54,891 SF Office Lease Renewal in Houston

by Taylor Williams March 15, 2018

HOUSTON — NAI Partners has negotiated a 54,891-square-foot office lease renewal at 2600 N. Loop West in Houston. Jon Silberman of NAI Partners represented the tenant, PFS Group LLC, a provider of accounts receivables solutions and programs, in the lease negotiations. The name and representative of the landlord were not disclosed.

March 15, 2018

Georgia Office Southeast

Atlanta Property Group Acquires 150,000 SF Office Building in Alpharetta for $18.5M

by Camren Skelton March 13, 2018

ALPHARETTA, GA. — Atlanta Property Group (APG) has acquired One Point Royal, a 150,000-square-foot office building located at 4400 N. Point Parkway in Alpharetta, roughly 27 miles north of downtown Atlanta. The Atlanta Business Chronicle reports Tfo Reva Oa Opr LLC sold the building for $18.5 million. Samir Idris of Cushman & Wakefield arranged the transaction on behalf of the seller. The two-story building was constructed in 1996 and was 92 percent leased at the time of sale to 12 tenants. One Point Royal features nine-foot ceilings, full height windows and a 4.5 per 1,000 square foot parking ratio. APG plans to invest more than $300,000 in common area renovations and $600,000 on systems upgrades.

March 13, 2018

Georgia Office Southeast

Transwestern Secures 60,402 SF Lease for Newell Brands at Office Park in Metro Atlanta

by Camren Skelton March 13, 2018

SANDY SPRINGS, GA. — Transwestern has secured a 60,402-square-foot lease for Newell Brands Inc. at Morgan Falls Office Park, a five-building office complex located at 7840 Roswell Road in Sandy Springs, roughly 15 miles north of downtown Atlanta. Newell Brands, a Hoboken, N.J.-based marketer of consumer and commercial brands including Yankee Candle, Rubbermaid and Sharpie, will occupy almost all of Building 100. The lease brings the recently renovated building to full occupancy. Jeff Taylor of Transwestern and Garrett Backman of REO Fund 2 LLC, the building owner, arranged the lease on behalf of the ownership. CBRE represented Newell Brands.

March 13, 2018

Arizona Office Western

Arch Street Capital Acquires 180,480 SF Office Property in Gilbert, Arizona

by Amy Works March 13, 2018

GILBERT, ARIZ. — Arch Street Capital Advisors, on behalf of an institutional client, has purchased El Dorado Tech Center in Gilbert for an undisclosed price. Scottsdale, Ariz.-based GoDaddy.com fully occupies the 180,480-square-foot office property. The name of the seller was not released.

March 13, 2018

California Office Western

Madison Partners Negotiates $13.2M Sale of Office Building in Downtown Santa Monica, California

by Amy Works March 13, 2018

SANTA MONICA, CALIF. — Madison Partners has arranged the sale of a creative office building located at 1522 Second St. in downtown Santa Monica. The Hertz Investment Group sold the property to HQ Creative Office for $13.2 million, or $864 per square foot. The asset consists of two interconnected buildings totaling 15,329 rentable square feet. HQ Creative Office, a subsidiary of The HQ Group, plans to redesign and renovate the property, which was vacant at closing. Bob Safai, Matt Case and Brad Schlaak of Madison Partners represented the seller in the transaction.

March 13, 2018

Colorado Loans Office Western

HFF Arranges $48M Refinancing for Office Portfolio in Boulder, Colorado

by Amy Works March 12, 2018

BOULDER, CO. — HFF has secured a $48 million refinancing for a three-property office portfolio along Walnut Street in downtown Boulder. Leon McBroom of HFF arranged the 12-year, fixed-rate loan through MetLife Real Estate Investments for the borrower, The W.W. Reynolds Cos. The portfolio comprises two historic buildings, Colorado (1919 14th St.) and James (1916-1922 16th St.), and the Wencel Building (1301 Walnut St.), which was completed in 2016. At the time of financing, the portfolio was 96 percent occupied to a variety of tenants, including companies in the technology, consulting, financial services and food and beverage industries.

March 12, 2018

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