Wednesday, July 23, 2025
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OfficeTexas

Kaizen Breaks Ground on Class A Office Park in Allen, Texas

by Taylor Williams

ALLEN, TEXAS — Kaizen Development Partners has broken ground on Phase I of One Bethany at Watters Creek, a Class A office park located at the corner of Bethany Drive and Watters Creek Boulevard in the Dallas-Fort Worth metro of Allen. Texas-based architecture firm BOKA Powell designed the initial phase of the project, which includes a 125,000-square-foot office building with a 570-space parking garage. Delivery of the building, which will feature a conference room, fitness center and tenant lounge, is expected within 12 months.

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GeorgiaMixed-UseOfficeSoutheast

Hines, Cousins Sign Office Lease with Spaces at Avalon in Metro Atlanta

by John Nelson

ALPHARETTA, GA. — Hines and Cousins Properties have executed a 34,000-square-foot, 11-year lease transaction with Spaces, a co-working office space provider owned by Regus. Spaces will occupy the first two floors of 8000 Avalon, a nine-story, 224,000-square-foot office building underway within Boulevard East, the second phase of the Avalon mixed-use development in Alpharetta. Hines and Cousins entered into a joint venture to develop the $73 million office building, which will also be home to Microsoft. David Demarest, Brannan Moss and Jennifer Ziegler of JLL represented Spaces in the lease deal. In other Avalon news, Apple has confirmed plans to relocate the Apple Store at nearby North Point Mall to Boulevard East. The new store will open at 10 a.m. on Thursday, April 13.

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MassachusettsNortheastOffice

The Davis Companies Acquires Leasehold Interest in 88 Black Falcon Avenue in Boston’s Seaport District

by Jaime Lackey

BOSTON — Following a long-term ground lease with the Massachusetts Port Authority (Massport), The Davis Companies (TDC) plans to significantly update 88 Black Falcon Avenue in Boston’s Seaport District. The property, which consists of two three-story interconnected buildings totaling 376,000 square feet, is located within the Raymond L. Flynn Marine Park, which is also home to Cruiseport Boston and the 1.4 million-square-foot Innovation and Design Building. The location offers views of the Boston Harbor as well as direct access to Route 93 and the Massachusetts Turnpike, 550 onsite parking spaces, and its own Massachusetts Bay Transportation Authority (MBTA) Silver Line Stop. The buildings at 88 Black Falcon Ave. feature ceiling heights ranging from 14 to 20 feet, as well as efficient office and industrial/R&D infrastructure. Optimus Ride Inc., which develops autonomous vehicle technologies, occupies 19,000 square feet on the building’s first floor. As part of the property’s redevelopment, TDC will improve a portion of the Boston Harborwalk, a public promenade that follows the edge of piers, wharves, beaches, and the shoreline around the Harbor. Completion is scheduled for second quarter 2018. “We are undertaking a thorough re-envisioning of this highly flexible, high-quality historic asset as a premier mixed-use development that …

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CaliforniaOfficeWestern

Hudson Pacific Properties Sells Santa Monica Office Building for $35M

by Nellie Day

SANTA MONICA, CALIF. — Hudson Pacific Properties has sold a 50,687-square-foot office building in Santa Monica for $35 million. The sale included the redeveloped property and related development land. The firm will use the net proceeds from the sale toward its pending acquisition of Hollywood Center Studios, which is expected to close on May 1.

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New JerseyNortheastOffice

HFF Arranges Sale of 114,000 SF Office Property in Parsippany, New Jersey

by Jaime Lackey

Parsippany, N.J. — Holliday Fenoglio Fowler (HFF) arranged the sale of 1 Gatehall Drive, a 114,000-square-foot, four-story, Class A office building in Parsippany, to Lincoln Property Company. HFF represented the seller in the transaction. The property was 63 percent leased at the time of sale; tenants include software, consulting, communications, staffing and foodservice companies. The property is situated along Route 202, in close proximity to Route 10 and Interstates 287 and 80. The HFF investment sales team representing the seller was led by Jose Cruz, Kevin O’Hearn, Stephen Simonelli and Michael Oliver.

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CaliforniaOfficeWestern

Somerset West Partners Buys 230,833 SF Woodland Hills Corporate Center in Los Angeles

by Nellie Day

LOS ANGELES — Somerset West Partners LLC has acquired Woodland Hills Corporate Center, a 230,833-square-foot office campus in Los Angeles, for an undisclosed sum. The property is located at 21021-21031 Ventura Blvd. in the Woodland Hills submarket. It is 85 percent leased to more than 60 tenants. CBRE’s Sean Sullivan, Todd Tydlaska and Michael Longo represented both the buyer and seller in this transaction.

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IllinoisMidwestOffice

S&S Activewear Signs 28,746 SF Office Lease in Bolingbrook, Illinois

by Kristin Harlow

BOLINGBROOK, ILL. — S&S Activewear has signed a 28,746-square-foot office lease at 220 Remington in Bolingbrook. The imprintable clothing, accessory and uniform wholesaler will be moving its office staff to the new location while maintaining industrial operations at 581 Territorial Drive in Bolingbrook. Indevor Development purchased 220 Remington in the summer of 2016, and made renovations to the 81,000-square-foot property including a new parking lot, roof, HVAC system, lobby and elevators. John Millner and Ryan Moen of Bradford Allen negotiated the lease transaction on behalf of Indevor Development. Britt Casey and Ned Franke of Cushman & Wakefield represented S&S Activewear.

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IllinoisMidwestOffice

Celtic Chicago Moves to 8,200 SF Office in Morton Grove, Illinois

by Kristin Harlow

MORTON GROVE, ILL. — Celtic Chicago Inc. has moved from Niles, Ill., to an 8,200-square-foot office in Morton Grove, a suburb of Chicago. The marketing agency now occupies the office location at 8120 Lehigh Ave. Jason Hall of Charlie Green Studio designed the interior of the one-story office. The layout, a combination of large and small meeting areas, encourages employee collaboration.

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New YorkNortheastOffice

Cushman & Wakefield Negotiates 25,000 SF Office Lease in NYC

by Haisten Willis

NEW YORK CITY — Cushman & Wakefield has negotiated a 25,000-square-foot office lease in New York. C&W’s represented Callen-Lorde Community Health Center in securing a 20-year lease at 40 Flatbush Extension in downtown Brooklyn. Callen-Lorde, which is dedicated to meeting the healthcare needs of the LGBTQ community and those living with HIV/AIDS, will open its Brooklyn location in 2019. Carri Lyon and Mitzi Flexer of Cushman & Wakefield represented Callen-Lorde in the lease. Joseph Jemal of ISJ Management represented the landlord, 40 Flatbush Realty Associates.

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OfficeTexas

Law Firm Renews 104,179 SF Office Lease in Downtown Dallas

by John Nelson

DALLAS — Baker Botts LP, an international law firm, has renewed its 104,179-square-foot lease at Trammell Crow Center, a 50-story, 1.1 million-square-foot office tower located at 2001 Ross Ave. in downtown Dallas. Ramsey March, Sara Terry and Scott Sowanick of Stream Realty Partners represented the landlord, Trammell Crow Co., in the negotiations. Phil Puckett and Harlan Davis of CBRE represented Baker Botts.

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