Recently’s Largest Office Lease Offers Include: Agios, Brown Brothers Harriman, Eli Lilly, Farmer Bros., Haworth, Kraft Heinz, New Antique, Newell Rubbermaid, Nike, One Kings Lane, Perkins + Will, Polsinelli and a lot more
LinkedIn Corp. is expanding its New york city City head office by occupying an additional 130,000 square feet at the Empire State Structure. The office growth will certainly have LinkedIn encompassing the whole third and 26th floors, bringing the company’s overall occupancy to 280,000 square feet on 7 floors. LinkedIn first moved into the building in 2011.
Sacha Zarba, Lauren Crowley and Greg Tosko of CBRE represented LinkedIn in the lease settlements. Proprietor representation was offered by Ryan O. Kass, Fred C. Posniak and Shanae Ursini of ESRT. By Mark Heschmeyer
Tegna To Sell HQ to Tamares; Search for New Area
Tegna Inc., previously Gannett Co., will be trying to find brand-new headquarters area now that it has contracted to offer its high profile building at 7950 Jones Branch Drive in Tysons Corner for $270 million to Tamares, a private financial investment group. The offer is anticipated to close late in the 3rd quarter or early in the fourth quarter of this year.
“This contract is an extension of our goal to enhance our real estate profile throughout the company and permits us to transition to much better use of area for our home office,” stated Gracia Martore, president and CEO, Tegna. “Tegna continues to be dedicated to staying in the Washington, DC, area and a procedure is underway to find the most suitable space to fulfill our company requires.”
As part of the recommended deal, Tegna will remain to inhabit a portion of the building for 18 months. The offer was brokered by the CBRE Group Inc. By Mark Heschmeyer
Kraft Heinz Leases 170,000 SF in Aon Center
Global food and drink business Kraft Heinz rented 170,000 square feet throughout 5 floors in the 83-story Aon Center in downtown Chicago. The 12.5-year lease will certainly go through 2029.
The 2.7 million-square-foot workplace tower, which according to regional media reports is slated to be cost the end of the year, was built in 1974 at 200 E. Randolph St. in the city’s East Loop. Initially called The Amoco Structure, the high-rise houses the North American head office of London-based Aon Corp. in addition to workplaces for KPMG, United Health care, Microsoft, Edelman, DDB and JLL.
Kraft Foods Group and H.J. Heinz Holding Corp. completed their formerly revealed merger earlier this month. Ned Franke and Steve Holmberg of Cushman & & Wakefield represented the renter, while Steve Smith, Mark Georgas and Kim Doyle of JLL, in partnership with in-house representatives Tom Prescott and Alex Valente, represented the property owner, Piedmont Office Real estate Trust. By Alexander Fairlie
Brown Brothers Harriman Leases 115,000 SF on Jersey City Waterfront
Brown Brothers Harriman (BBH) signed a new 11-year lease for 114,798 square feet at the company’s Harborside Plaza 5 in Jersey City, N.J. Reelocating within the Jersey City Waterfront market, BBH will transfer over 500 staff members to their brand-new location.
Harborside Plaza 5 is a 977,225-square-foot, class An office tower is currently 99 percent rented. The tenant was represented by Scott Gamber, Robert Stillman and Peter Gamber, all of CBRE. Owner Mack-Cali was represented by its in-house leasing group of Chris DeLorenzo, senior vice president of leasing, and Tom Savoca, assistant vice president of leasing, along with the CBRE group of Mark Ravesloot, Peter Turchin, Gerry Miovski, Suzanne Macnow and Arkady Smolyansky. By Mark Heschmeyer
Nike Ties Up Largest Office Lease Signing in Rose city This Year
Nike Inc. has actually signed the largest workplace offer to this day in the Portland-metro area. The athletic garments maker and significant sports brand tattooed a 105,005-square-foot lease at the AmberGlen Business Center campus managed by Unico Feature.
NAI Norris, Beggs & & Simpson’s president Chris Johnson, senior vice president MaryKay West and vice president Brandon Frank represented the lessor, AmberGlen Office Corp. Executive handling director Bradford Fletcher of Newmark Grubb Knight Frank represented Nike.
Nike’s lease is the third significant deal this year for AmberGlen Company Center. In March, Portland-based merchant Columbia Sportswear rented 27,379 square feet at the 1385 Building and earlier this month Allion USA Engineering Solutions expanded to 52,746 square feet at Structure 1365. By Jeff Hitch
Newell Rubbermaid Buys New Corporate HQs, Leaving Leased Space
After buying a 98,000-square-foot workplace structure from unique servicer CWCapital, Newell Rubbermaid plans to vacate its full-building rented corporate headquarters at 3 Glenlake Parkway in early 2016.
The business stated its news head offices at 6655 Peachtree Dunwoody Road in Atlanta’s Central Border submarket will certainly be developed by Perkins + Will to support the more mobile, more technically-enabled company that Newell is ending up being. The building features a parking deck with 4 per 1,000 parking ratio, 90,000 square feet of adjoining Class A office.
6655 Peachtree Dunwoody is less than one-third the size of Newell Rubbermaid’s current full-building lease for the entire 354,953-square-foot 3 Glenlake owned by Columbia Building Trust. By Mark Heschmeyer
Farmer Bros. Indicators 540,000 Prelease for New HQs
Foodservices supplier Farmer Bros. Co., entered into a lease with for a 540,000-square-foot facility to be built on 28.2 acres in Northlake, Texas. The new complex is expected to house the company’s home office, along with a coffee laboratory, manufacturing center and distribution center. Completion is expected by the end of 2016.
The initial term of the lease is for 15 years. The lease contains a purchase choice exercisable at 103 % of the overall job expense. Stream Real estate Partners is advancement supervisor for the job. By Mark Heschmeyer
Eli Lilly Broadens at San Diego Biotechnology Center
Eli Lilly and Co. exposed strategies to broaden the Lilly Biotechnology Center in San Diego. The expansion will effectively double Lilly’s research presence in San Diego.
Set to be completed in 2016, the expansion will consist of an extra 175,000 square feet of working area and is anticipated to generate as much as 130 possible brand-new task openings, yielding a 140 % boost in the center’s space and 70 % boost in its personnel. Lilly at first went into the San Diego area in 2004 by obtaining Applied Molecular Evolution Inc., which now operates as a subsidiary of the company. By Mark Heschmeyer
ACGME To Transfer Boost Footprint in April 2016
The Accreditation Council for Graduate Medical Education (ACGME), a private organization that certifies graduate medical education programs, signed a 15-year lease for 88,696 square feet in the workplace tower at 401 N. Michigan Ave. in Chicago.
ACGME is moving from 515 N. State St., where the company inhabited 69,500 square feet. The brand-new lease will begin in April 2016.
401 N. Michigan Ave. is a 35-story office structure that measures 737,308 square feet in Chicago’s N. Michigan Ave. submarket. The home was built in 1965 and underwent an $11.2 million remodelling in 1993. Other occupants in the structure consist of MTV Networks, University of Chicago’s Graduate School of Company, and ABC Inc.
. Phil Geiger and Jeff Liljeberg of JLL represented ACGME in the deal. Howard Meyer and Dan Baumeister supplied in-house representation for the landlord, Zeller Realty Group. By Colton Odonoghue
Perkins + Will to Move HQ to Wrigley Structure
Perkins + Will will transfer its longtime head office at 330 N. Wabash Ave. to the top 4 floors of The Wrigley Building’s North Tower after consenting to a 10-year lease with ownership for 61,456 square feet. Develop out of the business’s new office space will start quickly with a move-in date arranged for Q1 2016.
The worldwide architecture and design firm is the fourth-largest U.S. architecture company by income. The offer comes approximately three months after regional advertising company Optimus inked a lease for 39,362 square feet to take the 11th and 12th floors of the North Tower. Approximately 27,000 square feet of space at the 311,377-square-foot workplace tower remains readily available for lease.
Carrie Yohe and Karin Kraai of Zeller and NGKF dealt with negotiations on behalf of ownership, while Steve Levitas and Bob Chodos of Colliers International represented Perkins + Will. By Philip Moss
New Antique Leases 56,268 SF in San Francisco
New Relic, a software analytics business, signed a five-year lease for 56,268 square feet at 123 Objective St. in downtown San Francisco.
Designed by Skidmore, Owings & & Merrill, the 29-story office building totals 345,595 square feet at the corner of Main and Mission Streets in the city’s south financial district. The structure is one block from BART, MUNI and the new Transbay Transit Terminal, and in 2013 made LEED accreditation at the Platinum level.
New Relic’s lease consists of the whole 11th, 12th, 14th and 15th floors. Other tenants in the structure include Marin Software application Inc. and Salesforce.com. John Norton and Jonathan Allen of Avison Young represented the proprietor, Pacific Eagle (US) Real Estate Fund, while Peter Hamann of Savills Studley represented New Antique. By Steve Wells
One Kings Lane Leases 52,000 SF in Hudson Square
Online seller One Kings Lane Inc. rented 51,576 square feet comprising the entire eighth floor, in the office building at 315 Hudson St. in New York, NY.
The 481,184-square foot workplace structure recently went through a renovation in 2012. Brett Greenberg and Dennis Brady of Jack Resnick & & Sons represented the landlord in-house. Peter Gross of Douglas Elliman Commercial represented the tenant. By Kelly Faulk
Polsinelli PC Leases 41,000 SF at 600 Third
Polsinelli PC has actually leased 40,592 square feet of workplace at 600 3rd Ave. in New york city, NY, taking tenancy of the entire 40th through 42nd floors there. The law practice will certainly be relocating its head office from 900 Third in the 4th quarter of 2015.
600 Third is a 42-story, 575,000-square-foot workplace tower built in 1972 in the Grand Central submarket of Manhattan, in between 39th and 40th Streets. Other occupants in the structure consist of L-3 Communications and the Austrian Mission to the United States.
Tom Tunnicliff and Scott Shelbourne with Cushman & & Wakefield’s Chicago workplace, along with John Picco and Peter Van Duyne of Cushman & & Wakefield in New York City, represented Polsinelli. David Berkey and Andrew Wiener of L&L Holding Co. represented building ownership, a joint-venture in between L&L and BlackRock. By Jordan Boyd
Agios Takes Another 33,000 SF in Cambridge
Agios Pharmaceuticals Inc. modified its lease with an affiliate of building owner Forest City for office at 88 Sidney St. in Cambridge, MA. Under the modification, Agios will broaden from 113,220 square feet to 146,030 square feet beginning Nov. 1, 2015. By Mark HeschmeyerHaworth Restores 30,000-SF Lease with SL Green
Haworth Inc., a producer and designer of furniture, interior architecture, and innovation, renewed its lease for the whole second floor of 125 Park Ave. in New York, NY, totaling 30,365 square foot.
The 30-story, 654,852-square-foot workplace building in the Grand Central submarket of Manhattan underwent a remodelling in 2004 with the typical areas being remodelled in 2008. Brett Herschenfeld and Cryder Bancroft with SL Green Real estate Corp. represented the property owner in-house. Paul Formichelli and Jim Wenk of JLL represented the occupant. By Kelly Faulk
Ceannate Expands Into 28,000 SF in Chicago Location
Ceannate, a carrier of company procedure outsourcing services for both the personal and public sector, expanded its footprint at 1100 W. Lake Cook Rd. in Buffalo Grove, IL after signing a 127-month lease for an additional 28,673 square feet with building owner, Hamilton Partners.
The four-story, 96,504-square-foot building was constructed in 1988 within the Buffalo Grove Business Park in Chicago’s Central North submarket. Hamilton Partners obtained the previous FedEx building in 2013.
Ceannate, which has actually fully rented the 3rd floor considering that 2009, expanded into 10,899 square feet on the very first floor and 17,774 square feet on the fourth floor in June. Mike Rolfs and Brian Lunt offered internal representation on behalf of Hamilton Partners. By Sean Strausman
CRA Int’l Indicators Brand-new Lease at 1411 Broadway
CRA International Inc. participated in a new lease with an affiliate of Ivanhoe Cambridge for 25,261 square feet of workplace on the 35th floor of 1411 Broadway in New york city City. The lease’s base term will end One Decade from the date it starts paying repaired rent. CRA is scheduled for step in next month.
Standing 40 stories and determining more than 1 million square feet, 411 Broadway includes one square city block in between 39th and 40th streets. By Mark Heschmeyer
Tradition Energy Signs 22,500-SF HQs Lease in Stamford
Tradition Energy signed a long-term, 22,500-square-foot lease at 9 W. Broad St. in Stamford, CT.
. The international energy brokerage and procurement management seeking advice from firm will certainly relocate its U.S. headquarters within Stamford to inhabit the whole leading floor with a big outdoor balcony at the nine-story, 202,000-square-foot office building in early 2016.
Concurrent with Tradition Energy’s new lease, the structure’s ownership, who is represented by RHYS Commercial, announced plans to re-clad the building’s facade to update and upgrade its appearance. The commercial property is owned by a joint venture between specific affiliates of Westport Capital Partners LLC and Forstone Capital.
As part of the redevelopment, ownership included a brand-new gym with complete locker spaces and an outdoor plaza that will link the home to the rejuvenated Mill River Park, which, upon completion of its own transformative $60 million capital enhancements project, will certainly feature an outside skating center, carousel, food stand and more.
Michael Gordon, executive handling director at Colliers International represented Custom Energy. Cory Gubner, president and CEO, and Christian Bangert, senior vice president and principal, of RHYS Commercial represented ownership.By Mark Heschmeyer Integris Health Inks 21,000-SF Sublease with AAA Integris Health signed a 21,121-square foot sublease at the AAA Operations Center at 3100 Quail Springs Parkway in Oklahoma City. The three-story, 147,350-square-foot workplace structure was built in 2009 in the Northwest submarket of Oklahoma County. The structure is owned by Cole Real Estate Investments. Scott Wieczorek with GBR Properties represented the sublessor, AAA.
Vicki Knotts with Newmark Grubb Levy Strange Beffort represented the new tenant in lease negotiations. By Delphine Thomas Manning & Napier Sign in Downtown St. Petersburg Manning & Napier renewed its 10,438-square-foot office & lease in the Morgan Stanley Tower, a class & An office building at 150 Second Ave. North, in St. Petersburg’s Central Downtown. A nationwide company that handles$ 43.1 billion in assets under management, Manning & Napier will remain to inhabit the ninth floor of the 187,538-square-foot tower. The office building is owned by a joint endeavor consisting of affiliates of Feldman Equities, Tower Real estate Partners and Second City Capital Partners. JLL vice presidents Jimmy Ullrich and John Heald represented the tenant.By Mark Heschmeyer Scynexis Moving from North Carolina to New Jersey After agreeing to offer its agreement research and advancement services business, drug-maker Scynexis Inc. has subleased 10,141 square feet of area at
101 Hudson St. in Jersey City, N.J. from Optimer Pharmaceutical and plans to move its home office from Durham, N.C. to the New Jersey area by the end of 2015. The business said it will certainly concentrate on establishing its lead item prospect, SCY-078, as an oral and intravenous drug for treating intrusive fungal infections in people. By Mark Heschmeyer