BOSTON — Global asset management firm Columbia Threadneedle Investments has signed an office lease for its new headquarters at Atlantic Wharf, a 32-story office building located at 290 Congress St. in downtown Boston. John Boyle, Michael Joyce, Tom O’Regan and Maeve Cleary of Cushman & Wakefield represented the tenant, which expects to move in next summer, in the lease negotiations. Boston Properties owns the building. Columbia Threadneedle employs more than 2,000 people and has offices in 17 countries.
NEW YORK CITY — Locally based construction firm Falcon Pacific Builders has completed a 50-unit apartment building at 28-16 21st St. in the Astoria neighborhood of Queens. Architect Mark Markowitz designed the seven-story building, and The Saab Family LP developed it. The building’s total footprint is 45,498 square feet, with 7,200 square feet reserved for commercial usage. Residences come in one-, two- and three-bedroom formats, with 20 percent of the units designated as affordable.
WEST BERLIN, N.J. — Colliers International has arranged the sale of a 48,000-square-foot industrial flex property at 436 Commerce Lane in West Berlin, located outside of Philadelphia. The sales price was $2.7 million. The property is located off Route 73 and features 18-foot ceiling heights. The buyer was Velocity Venture Partners, and the seller was undisclosed. Marc Isdaner and Ian Richman of Colliers brokered the transaction.
BURLINGTON, MASS. — Azzur Group, a firm that helps life sciences companies start and scale, has signed a 50,300-square-foot office lease in Burlington, located north of Boston. Azzur Group plans to take occupancy of its space at 60 Blanchard Road by summer 2021. Newmark Knight Frank represented the building owner, a partnership between locally based development and investment firm Nordblom Co. and Alcion Ventures, in the lease negotiations. The Stevens Group represented the tenant.
YORK, PA. — ROCK Commercial Real Estate has negotiated a 14,479-square-foot office lease at Susquehanna Commerce Center, a 260,000-square-foot office complex in York. The property houses tenants such as Morgan Stanley Wealth Management and Wells Fargo Financial Advisors and offers an onsite parking garage and a café. David Bode of ROCK Commercial represented the landlord in the transaction. The tenant was Dentsply International Inc., a provider of dental equipment.
CHICAGO — Nielsen’s Global Consumer Business unit has selected Chicago as its global headquarters effective Jan. 1. Nielsen Holdings, which was founded in Chicago more than 95 years ago, decided late last year to spin off the consumer business as its own company. The branch will relocate its headquarters from New York City to its already-established office at 200 W. Jackson Blvd. in Chicago. The unit plans to further invest in and refresh the office, which currently employs a team of more than 600 workers. Nielsen’s Global Consumer Business plans to add at least 50 jobs over the next two years in Chicago. Worldwide, the consumer business employs approximately 30,000 people in nearly 100 countries. Nielsen is a marketing research and data analytics company.
ST. PAUL, MINN. — Kraus-Anderson has completed construction of 590 Park Street, a 92-unit apartment project in St. Paul. The $20 million development offers micro, studio and one-bedroom units. Located on the site of the former Capitol Professional Office Building, the project is situated near the State Capitol, Regions Hospital and a Green Line transit stop. Amenities at the six-story building include a lobby lounge, game room, outdoor patio, dog run, fitness center and clubroom. Kraus-Anderson Development is the developer, UrbanWorks Architecture is the architect and Engelsma LP is the owner. Monthly rents start at $926.
MUNDELEIN, ILL. — Venture One Real Estate has begun development of Route 60 Logistics Center, a 195,375-square-foot speculative industrial facility in Mundelein, a northern suburb of Chicago. Located at 1300 Allanson Road, the infill project will feature a clear height of 36 feet, onsite trailer parking and ample car parking. Chris Volkert, Ned Frank and Pat Hake of Colliers International have been retained to market the property for lease. Meridian Design Build is the general contractor. Completion is slated for the second quarter of 2021.
WEST DUNDEE, ILL. — The Opus Group has broken ground on an industrial build-to-suit for WEN Power Tools in West Dundee, a far northwest Chicago suburb. WEN, which is owned by Great Lakes Technologies, will relocate its headquarters to the 180,623-square-foot building within Oakview Corporate Park. The project will feature a 1,900-square-foot showroom, 4,000 square feet of office space, 21 truck dock doors, two drive-in doors and a clear height of 32 feet. Opus is serving as developer, design-builder, interior designer, architect and structural engineer. Eric Chang of U.S. Asia Investment Group LLC represented WEN while Noel Liston of Darwin Realty represented Opus. Completion is slated for March 2021.
CHICAGO — JLL Capital Markets has arranged the sale of a new 3,000-square-foot retail property occupied by 7-Eleven in Chicago for $5.9 million. Located at 3159 N. Clybourn Ave., the property opened in July. Alex Sharrin, Alex Geanakos and Truman Tiernan of JLL represented the seller, GW Property Group. The buyer was undisclosed. With more than 68,000 stores across 23 countries, 7-Eleven is the world’s largest store chain in the convenience retailing industry, according to JLL.