Office

Save-A-Lot Selects The Crossings at Northwest in St. Louis for New Headquarters

by Kristin Harlow April 17, 2018

ST. LOUIS — Save-A-Lot has selected a new location in St. Louis for its corporate headquarters. Currently located in Earth City, the supermarket chain is planning to move to The Crossings at Northwest mixed-use development and expand its headquarters workforce by approximately 64 people. The Crossings at Northwest, formerly Northwest Plaza shopping mall, is now home to companies such as Charter Communications, Starbucks and Menards, as well as a wide range of St. Louis County government services. Save-A-Lot has been headquartered in St. Louis for more than 40 years.

April 17, 2018

Acquisitions Florida Office Southeast

HFF Brokers $21.2M Sale of Office Complex in Broward County

by Camren Skelton April 16, 2018

CORAL SPRINGS, FLA. — HFF has brokered the $21.2 million sale of One Charter Place, a 101,941-square-foot office complex located at 3301 N. University Drive in Coral Springs. Ike Ojala, Hermen Rodriguez and Tracey Goo of HFF arranged the transaction on behalf of the seller, a partnership between True North Management Group LLC and Delma Properties Inc. HFF also procured the buyer, Borsa Properties LLC. Completed in 2007, One Charter Place includes a four-story, 76,904-square-foot office building; three single-story buildings; and a 489-space parking garage. The property was 94 percent leased at the time of sale to tenants such as the Florida Department of Revenue, BFS Cos., Bank of America/Merrill Lynch, Wells Fargo, Sola Salons and Keller Williams.

April 16, 2018

Development Office Texas

The Deal Co. to Open 48,000 SF Creative Office Building in Houston

by Taylor Williams April 16, 2018

HOUSTON — The Deal Co., a Houston-based development firm, will open Sabine Street Studios, a 48,000-square-foot creative office building in Houston. The building, which has 67 studio spaces available for lease to local artists and creative businesses, is situated within Sawyer Yards, a 55-acre mixed-use development in Houston’s historic First Ward. The grand opening is scheduled for Saturday, April 28.

April 16, 2018

Development Illinois Midwest Office

Principle Construction Breaks Ground on 43,227 SF Office Building in Romeoville, Illinois

by Kristin Harlow April 16, 2018

ROMEOVILLE, ILL. — Principle Construction Corp. has broken ground on a 43,227-square-foot, speculative office development in Romeoville, about 30 miles southwest of Chicago. Known as the OWL 3 Spec Office, the property is located at 1250 Windham Parkway. The project, slated for completion this October, will be able to accommodate 10 tenants. This will be the first LEED-certified office building in Romeoville, according to Principle. The project is being developed in partnership with Lakeview Realty Investors LLC. SKJN Architeckten is providing architectural services.

April 16, 2018

Acquisitions Georgia Mixed-Use Office Restaurant Retail Southeast

Asana Acquires Krog Street Market, Atlanta Stove Works in Atlanta’s Inman Park Neighborhood from Paces Properties

by Camren Skelton April 13, 2018

ATLANTA — Charlotte-based Asana Partners has acquired Krog Street Market and Atlanta Stove Works, two mixed-use destinations in Atlanta’s Inman Park neighborhood that once housed Tyler Perry Studios. Paces Properties sold both assets to Asana for an undisclosed price. Situated across Krog Street from one another, the properties are adjacent to the Atlanta BeltLine’s Eastside Trail, a former railway corridor-turned-multi-use trail. Krog Street Market houses a food hall and retail shops including Hop City, Bar Mercado, Jeni’s Splendid Ice Creams, Superica, Ticonderoga Club, The Collective and The Merchant. Atlanta Stove Works houses creative office space for firms like Media Star Promotions, Trees Atlanta and Atlanta BeltLine Partnership, as well as three restaurants — Rathbuns, Bell Street Burrito and Krog Bar. Paces Properties opened Krog Street Market in 2014 in a former 1920s warehouse. The Atlanta-based company acquired Stove Works in 2012. Asana will invest capital to enhance the properties, building on their appeal as central gathering spaces along the BeltLine trail. King & Spalding served as legal adviser to Asana, and Eastdil Secured arranged the transaction on behalf of Paces Properties.

April 13, 2018

Acquisitions Midwest Office South Dakota

Sterling Computers Buys 82,829 SF Office Building in South Dakota for $4.7M

by Kristin Harlow April 13, 2018

NORTH SIOUX CITY, S.D. — Sterling Computers has purchased an 82,829-square-foot office building in North Sioux City for $4.7 million. The property, which is connected to a 105,938-square-foot distribution center, is situated on 5.7 acres within the former Gateway Computer Campus. Chris Bogenrief of NAI United represented the seller, Keating Resources, in the transaction. Keating purchased the 750,000-square-foot, six-building campus in January and plans to sell all of the buildings to local companies.

April 13, 2018

Development Office Texas

Clay Development to Build 150,000 SF Office Campus in Houston

by Taylor Williams April 13, 2018

HOUSTON — Clay Development & Construction will build Offices @ North Post Oak, a seven-building, 150,000-square-foot office campus in Houston. The property will be situated on a 7.5-acre site between the Galleria/Post Oak area and the planned high-speed rail terminal at Northwest Mall. Building features will include 12,000-square-foot floor plates and 14-foot ceiling heights. Clay will break ground on the first two buildings during the third quarter, with a target completion date of first-quarter 2019. Frost Bank is providing construction financing for the project, which is being designed by Cisneros Design Studio.

April 13, 2018

Acquisitions Georgia Office Southeast

HFF Arranges $23.5M Sale of Office Building in Metro Atlanta

by Camren Skelton April 13, 2018

ALPHARETTA, GA. — HFF has arranged the $23.5 million sale of Preston Ridge I, a 148,355-square-foot office building located at 3655 N. Point Parkway in Alpharetta, roughly 26 miles north of Atlanta. Ralph Smalley of HFF represented the seller, Barings Real Estate, a subsidiary of Barings LLC, on behalf of an institutional client. HFF also procured the buyer, The Simpson Organization. The six-story building was constructed in 1997 and features 25,000-square-foot floorplates, a circular entrance lobby and more than 590 parking spaces. The property is located less than a mile from Avalon, an 86-acre mixed-use development situated on Old Milton Parkway near Ga 400.

April 13, 2018

Acquisitions Illinois Midwest Office Top Stories

Angelo, Gordon & Co. Acquires Pair of Office Buildings in Chicago for $147M

by Kristin Harlow April 13, 2018

CHICAGO — Angelo, Gordon & Co. has acquired Presidents Plaza in Chicago for $147 million. The pair of Class A office buildings, totaling 834,893 square feet, are located at 8600 and 8700 W. Bryn Mawr Ave. in the O’Hare submarket. Developed in 1980, the buildings are 92.4 percent leased to various tenants. The property, which is LEED Silver and EnergyStar certified, has undergone more than $15 million in capital renovations since 2016. The seller had made improvements to building systems, lobbies, entrances, canopies and landscaping. Property amenities include a 17,900-square-foot fitness center, conference center, café, hair salon/barber, convenience store, tenant lounge and full-service car wash. James Postweiler and Peter Harwood of JLL brokered the transaction. The seller, a partnership between Chicago-based GlenStar Properties LLC and a global real estate investment manager, has owned the property since 2006. GlenStar, the current leasing manager and operator of the property, will partner with the new owner to provide services and building upgrades. Angelo, Gordon & Co. is a $28 billion alternative investment firm focused on real estate and credit investing. — Kristin Hiller

April 13, 2018

Features Heartland Feature Archive Illinois Midwest Office

Six Critical Things to Get Right in an Office Renovation

by Kristin Harlow April 13, 2018

PLAINFIELD, ILL. — Buoyed by a strengthening economy, more companies have the resources to invest in office redesigns. That is good news — a well-designed office renovation can transform an existing workspace into a dynamic, energy-efficient nerve center for staff. If properly carried out by a skilled contractor, an office renovation can optimize employee productivity and craft an effective work environment. Here are six ideas that reflect today’s most influential office design trends, according to Plainfield, Ill.-based Cicero Development Corp., a general contractor specializing in commercial renovations. 1. Make a color splash The typical aesthetic of office design is being replaced by workplaces that integrate bold pops of color. This is not just to elevate the visuals, but also to code different sections, whether they are departments or desks. As a contrast to many offices’ neutral decors, jewel tones (resembling the colors of gemstones) and energetic patterns are becoming more popular in making a strong statement. Vibrant colors do more than show people that your business is creative and dynamic. Colors can have psychological effects on employees, as some tend to inspire creativity and productivity. 2. Improve the floor plan Open, fluid floor plans improve efficiency and mobility for your …

April 13, 2018

Newer Posts

Older Posts