NEW YORK CITY — Foster Garvey PC has signed a 10-year, 11,445-square-foot office lease at One Seaport Plaza in Lower Manhattan. The law firm will relocate from 100 Wall Steet to the ninth floor of the 1.1 million-square-foot building, which is located at 199 Water St., beginning this fall. Nicholas Farmakis and Steve London of Savills represented Foster Garvey in the lease negotiations. John Cefaly, Ethan Silverstein, Stephen Bellwood and Rachel Rosenfeld of Cushman & Wakefield, along with internal agents Brett Greenberg and Adam Rappaport, represented the landlord, Jack Resnick & Sons.
RICHARDSON, TEXAS — Telecommunications giant AT&T Inc. (NYSE: T) has signed a 186,000-square-foot lease at The Tower at Lakeside, an office building located within the 807,354-square-foot Lakeside Campus in Richardson. The transaction marks the largest new lease signed in Richardson in seven years and one of the largest leases signed in metro Dallas year-to-date, according to Newmark, which negotiated the deal. Specifically, Nathan Durham of Newmark represented the landlord, Provident Realty Advisors, in the lease transaction. Troy McDonald of CBRE and Lawrence Gardner of OMS Strategic Advisors LLC represented AT&T. Provident acquired Lakeside Campus last fall, a deal in which Newmark was also involved. AT&T, which is headquartered in Dallas, will occupy seven floors of the 16-story, 412,000-square-foot building located at 2221 Lakeside Blvd. The new space will consolidate multiple regional locations for AT&T and is expected to triple the company’s current workforce in Richardson — from approximately 400 to nearly 1,400. The Tower at Lakeside features a full-service café, high-end fitness center and a modern tenant lounge and lobby. Lakeside Campus is situated along North Central Expressway (U.S. Highway 75), near the University of Texas at Dallas and corporate campuses of State Farm, Blue Cross Blue Shield, Raytheon and Texas …
By Hayden Spiess DALLAS — Although tenant demand for active adult communities remains strong, the sector is not immune to escalating construction costs, labor shortages, tariffs and general economic uncertainty, say industry professionals. Teamwork across key disciplines can help make clearing those hurdles much easier. “We’re having a hard time getting things to pencil these days,” levels Erin Berry Harps, director of interior design at Direct Supply Aptura, a senior living design and construction firm. Simultaneously, residents are as price conscious as ever, she points out. “We also have increased consumer demand for affordability,” emphasizes Harps. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Harps’ assessment came during the 5th annual InterFace Active Adult conference, which was held Wednesday, May 7, at The Westin Las Colinas in Dallas. Harps moderated a panel titled “Architecture, Design & Construction Trends for Active Adult Projects” at the daylong event, which attracted more than 300 industry professionals. In addition to Harps, the panel discussion included Bill Foster, a partner with Lantz-Boggio Architects; Lisa Warnock, principal and founder of Glow Interior Designs; Jarrett Cooper, vice …
GRAND PRAIRIE, TEXAS — Locally based developer JPI has broken ground on Jefferson Kirbybrook, a 269-unit multifamily project in Grand Prairie, located roughly midway between Dallas and Fort Worth. Located just off Great Southwest Parkway, Jefferson Kirbybrook will offer a mix of two- and three-bedroom townhomes, each of which will rise two stories and feature private yards and garages. Amenities will include a pool, clubhouse, fitness center, dog park and outdoor grilling areas. The first units are expected to be available for occupancy in early 2026.
ARLINGTON, TEXAS — Local developer Box Investment Group has broken ground on a 78,482-square-foot industrial project in Arlington. Box 30/360 will feature 32-foot clear heights and 15 dock-high doors, as well as the ability to support a single or multiple users. Future tenants will also enjoy a 6,000-square-foot linear park amenity. Completion is scheduled for the fourth quarter.
ALPHARETTA, GA. — The Forsyth County Commission has approved plans for The Gathering at South Forsyth, a $3 billion mixed-use development located in Alpharetta, roughly 26 miles north of Atlanta. Situated near Ronald Reagan Boulevard and Union Hill Road, the 100-acre development will include an 18,000-seat arena as the centerpiece of the property, along with residential, retail and dining components. The project, which is led by Krause Sports and Entertainment, aims to attract a National Hockey League (NHL) expansion team to the region. The region hasn’t had an NHL team since the Atlanta Thrashers franchise moved to Winnipeg in 2011.
FRISCO, TEXAS — JLL has negotiated the sale of Preston Stonebrook, a 53,553-square-foot shopping center located north of Dallas in Frisco. Built in 1997, the center was 93 percent leased at the time of sale to tenants such as Plato’s Closet, Emler Swim School, Dogtopia and Horizon Hot Yoga. Adam Howells and Erin Lazarus of JLL represented the seller, Venture Investment Partners, in the transaction. The buyer and sales price were not disclosed.
JACKSONVILLE, FLA. — SRS Real Estate Partners has negotiated the $38 million sale of a 150,000-square-foot office building located at 5201 Gate Parkway in Jacksonville. Deutsche Bank fully occupies the property on a long-term, corporate-guaranteed lease. Built in 2006, the three-story building sits on 13 acres. Jeff Gates of SRS Capital Markets’ San Francisco office represented the seller, a New York-based institutional investor, in the transaction. The buyer was AJC Partners LLC, a private family office based in Michigan and New York City.
HOUSTON — Stream Realty Partners has brokered the sale of a 46,601-square-foot industrial building in North Houston. According to LoopNet Inc., the building at 6711 E. Highway 33 was built on 3.7 acres in 1976 and renovated in 2012. Tommy Erwin of Stream represented the buyer, Khowja Capital LLC, in the transaction. John Ferruzzo of KBC Advisors represented the seller.
DURHAM, N.C. — Woods Partners has broken ground on Alta Bethpage, a 336-unit multifamily community in Durham. The development is slated for completion in the first quarter of 2027. Situated between Research Triangle Park and Brier Creek, the project will offer one-, two- and three-bedroom floorplans. Amenities at the property will include a swimming pool, clubhouse, pet spa, disc golf course, walking trails and two dog parks. Alta Bethpage will be Wood Partners’ fourth project to commence construction in Durham in recent years.