PLANO, TEXAS — Yardi has signed a 70,106-square-foot office lease in Plano. The real estate technology firm is taking space at 7900 Windrose, a 19-story, 1 million-square-foot building. Matt Schendle, Travis Boothe, Carrie Halbrooks, Mary Frances Burnette, David Harris and Tom Wille of Cushman & Wakefield represented the undisclosed landlord in the lease negotiations. Randy Cooper, Wills Bauer and Nate Hruby of Stream Realty Partners represented Yardi.
GRAPEVINE, TEXAS — Pottery Barn Outlet will open a 25,027-square-foot store in Grapevine, located in the northern-central part of the metroplex. The store will be situated within one of the anchor spaces at Grapevine Towne Center. Jennifer Chandler, Lynn Van Amburgh, Ben Terry and Avery Frisbie of Weitzman represented the undisclosed landlord in the lease negotiations. Katie Rambie of SHOP Cos. represented the retailer.
NEW YORK CITY — Luxury watchmaker Rolex is nearing completion of construction of a 30-story namesake office building in Midtown Manhattan. Designed by architect Sir David Chipperfield, The Rolex Building will be located at 665 Fifth Ave. and will span 165,000 square feet. The building will house a multi-level Rolex retail space, along with office floors for Rolex and other companies, including Angeles Wealth Management. Tenants will have access to amenity spaces, including a restaurant and event space. Pavarini McGovern is serving as construction manager on the development, full completion of which is slated for the fall. Cushman & Wakefield is marketing the remaining space for lease on behalf of Rolex.
NEW YORK CITY — A joint venture between Broad Street Development, Los Angeles-based PCCP and One Investment Management has received a $175 million construction loan for an office-to-residential conversion project in Lower Manhattan. The joint venture will convert the 400,000-square-foot office building at 80 Broad St., which is known locally as The Maritime Building, into a 326-unit apartment complex. Jordan Roeschlaub, Nick Scribani, Holden Witkoff and Niv Shahmoon of Newmark arranged the financing through Derby Lane Partners on behalf of the joint venture. The development team, which includes Rawlings Architects, will utilize New York City’s 467-m office-to-residential tax incentive program as part of the project’s capitalization. A construction timeline was not announced.
NASHVILLE, TENN. — Cousins Properties has signed tech giant Oracle to a 116,000-square-foot office lease in Nashville’s Germantown neighborhood. Oracle will move into its space in the second half of the year within the Neuhoff mixed-use development, which Atlanta-based Cousins owns in a 50/50 joint venture with an unnamed institutional investor. Oracle’s offices will overlook the construction of its new global headquarters campus that is being developed on the other side of the Cumberland River. At completion, Neuhoff will connect to the Oracle campus via a pedestrian bridge. Neuhoff comprises 395,000 square feet of office space, 55,000 square feet of retail space and 542 apartments. According to Cousins, the office portion of Neuhoff is currently 84 percent leased, the retail component is 46 percent leased and the apartments are 92 percent leased. Atlanta-based New City Properties is developing Neuhoff on behalf of the ownership group.
NEW ORLEANS — Skysoar Capital Partners has purchased One Canal Place, a 32-story office tower located at 365 Canal St. in New Orleans. The sales price was not disclosed. Johnny Lamberson and Terry Radford of CBRE’s Memphis represented the seller, OCP Office Owner LLC, a partnership formed by Loeb Partners Realty LLC and Aetna. The seller has owned One Canal Place since 2002, according to Corporate Realty, which served as the Louisiana broker of record in the transaction. Corporate Realty will continue to provide property management and leasing services at the tower on behalf of One Canal Place Leasing LLC, a limited liability corporation created by Skysoar Capital. Completed in 1979 near the Mississippi River, One Canal Place encompasses 630,581 rentable square feet of office space and is part of a mixed-use complex that includes The Shops at Canal Place, The Westin New Orleans Hotel and a 1,650-space parking garage. Office tenants include law firm Baker Donelson, which recently signed a nearly 40,000-square-foot lease to occupy the top two floors, as well as Phelps Dunbar LLP; The New Orleans Passport Center; Schouest, Bamdas, Soshea & BenMaier PLLC; Foley & Judell LLP; Salley, Hite, Mercer & Resor LLC; and La Petite …
ATLANTA — Los Angeles-based TruAmerica Multifamily has purchased The Tower on Piedmont, a 20-story high-rise apartment tower in Atlanta’s Buckhead district. The seller and sales price were not disclosed, but TruAmerica says that the previous owner invested $3 million in capital improvements at the 155-unit tower prior to the sale. Colleen Hendrix, Shea Campbell and Ashish Cholia of CBRE represented the seller in the transaction. Ryan Greer and Troy Tegeler of CBRE arranged an undisclosed amount of acquisition financing for TruAmerica. Completed in 2009, The Tower on Piedmont features high-end finishes and amenities, including a penthouse-level sky lounge with a catering kitchen, rooftop pool and sundeck, outdoor social lounge, fitness center and 24-hour concierge services. The acquisition grows TruAmerica’s metro Atlanta holdings to approximately 3,000 units (owned and managed). The buyer plans to further invest in upgrading the property’s amenities and common spaces.
LOUISVILLE, KY. — Vesper Holdings has acquired Yugo Louisville Nine, a 385-bed student housing community located near the University of Louisville campus. The property — now dubbed ‘The Nine’ — was developed in 2016 and offers units in two-, three, four- and five-bedroom configurations with bed-to-bath parity. Shared amenities at the six-story community include a 24-hour fitness center, study center, yoga and spin room, coffee bar, game room, resort-style pool, sun deck, fire pit, dog park and group study lounges. CBRE represented the undisclosed seller in the transaction. The sales price was also not disclosed. Aaron Moll of Berkadia arranged an undisclosed amount of acquisition financing on behalf of Vesper.
NEW YORK CITY — EliseAI has signed a 10-year, 109,000-square-foot office headquarters lease in Midtown Manhattan. The startup that serves the housing and healthcare industries will relocate from a nearby location to the 240,000-square-foot building at 401 Fifth Avenue. Evan Margolin, Valentin Stobetsky, Calum Waddell, Will McGarry and Hale King of JLL represented the tenant in the lease negotiations. Brian Waterman, David Waterman and Alex Kesseler of Newmark represented the landlord, The Chetrit Organization.
SALT LAKE CITY — The Domain Cos., in partnership with Cottonwood Group, has closed on $102 million in financing for the development of hotel at 370 S. West Temple in downtown Salt Lake City. Completion is slated for first-quarter 2028. Slated to operate under IHG Hotels & Resorts’ Kimpton brand, the 10-story hotel will feature 216 guest rooms, food-and-beverage options, including upscale and casual dining and a rooftop bar. Additional hotel amenities will include a fitness center, 7,000 square feet of meeting space, valet parking and indoor and outdoor terraces for year-round social and corporate gatherings. The hotel will be within walking distance of major city landmarks, such as Delta Center, Salt Pace Convention Center, City Creek Center and Restaurant Row. The project team includes Solomon Cordwell Buenz as project architect, Goodrich and Studio Mainer as interior designer and Wadman as general contractor. Stonebridge Cos. will manage the project. Matt Weiner, Jay Morrow and Dustin Stolly of Walker & Dunlop handled the financing transaction.