Recently’s Largest Office Lease Offers Include: Avesis, Cedars-Sinai, Garretson Resolution Group, GLG, Guthy-Renker, TD Bank, Trustaff, and more
MacroGenics Inc. signed a full-building lease for its head office in Rockville, MD. The 122,600-square-foot building at 9704 Medical Center Drive includes a mix of workplace, laboratory and manufacturing space. MacroGenics is transferring from 9640 Medical Center Drive.
The transaction included a task and presumption of the rights and interests of J. Craig Venter Institute Inc., under a formerly existing lease arrangement with BMR-Medical Center Drive LLC. The business anticipates to acquire the rented premises and start paying lease on Jan. 1, 2016. The regard to the lease is for seven years with 2 alternatives to extend the term, each for an added regard to seven years. By Mark Heschmeyer
TD Bank Leases 140,000 SF in Markham Workplace Complex
TD Bank will open a new workplace in Ontario next year after signing a 10-year lease with building owner OP Trust for 140,000 square feet at 101 McNabb St. in Markham, Ontario.
The Toronto-based multinational banking and financial services business is slated to take occupancy in the first quarter of 2016 at the 306,710-square-foot, three-story office complex, which was built in 1982 in the Steeles/Woodbine submarket and is handled by Crown Building Management. TD Bank will completely inhabit the North Tower of the building, while the 154,000-square-foot South Tower continues to be available for lease.
D’Arcy Smith and Mike Brown of Cushman & & Wakefield’s Markham workplace, in partnership with Jim Higgs of Cushman & & Wakefield’s Toronto workplace, represented Crown Home Management in settlements. Miles Kettner and Andy Shaw of CBRE brokered the lease on behalf of TD Bank. By Amy Rudolph
Guthy-Renker Takes 90,000 SF in El Segundo
Direct marketing firm Gunthy-Renker signed a 10-year lease for about 90,000 square feet of office at 100 N Sepulveda Blvd in El Segundo, CA.
The 20-story structure totals 574,545 square feet in the PCT workplace park. Guthy-Renker will consolidate workplaces from Palm Desert and Santa Monica to occupy three-and-a-half floors in the top half of the structure.
John Ayoob and Grafton Tanguary with CBRE represented the proprietor in the deal. Bruce Schuman with Savills Studley and Matthew Miller and Sean Westgate with Cresa co-represented the occupant. By Jimmy Diaz
Avesis Signs Long-Term Lease
Avesis Inc. signed long-lasting office lease totaling 55,500 square feet at the Corporate Center at 10400 N. 25th Ave. in Phoenix. The company will certainly consolidate its 2 existing Phoenix offices and relocate to the Business Center, which offers a centralized area for its employees and consumer base.
Todd Noel, CCIM, executive vice president with Colliers International, represented the renter. Bob Olshan, vice president and Phoenix workplace moving towards Crown West Realty, represented the ownership, Crown West Real estate LLC. By Mark Heschmeyer
Trustaff Signs New HQ Lease in Blue Ash
Trustaff Inc., a Greater Cincinnati-based staffing firm, will certainly move its headquarters to the Fountain Pointe workplace park after signing a 10-year lease for 42,060 square feet at 4675 Cornell Rd. in Blue Ash, OH.
The two-story structure called Fountain Pointe II lies 2 miles from Trustaff’s existing area. Vantage Cos. developed the 84,200-square-foot property in 1982, according to CoStar information. Laurence Bergman of NAI Bergman represented Trustaff, while David Ottenjohn and Todd Pease of JLL represented the owner, Neyer Properties. By Kamal Yakteen
Garretson Resolution Group Relocating Charlotte Workplace
In one of the largest workplace leases checked in Southpark this year, Garretson Resolution Group (GRG), an Ohio-based health care compliance service company, signed a deal with Clarion Partners for 43,112 square feet within the Morrocroft Centre in Charlotte, NC.
Founded in 1998, GRG offers compliance services to private corporations and the government. The company first expanded into Charlotte in 2013, signing a lease at the Esplanade at Southpark Building at 2101 Rexford Rd.
. GRG is expected to move to the 2nd and 3rd floors at 2 Morrocroft Centre in December 2015, taking brand-new space at the 95,918-square-foot, four-story building at 4064 Colony Rd. Chris Swart and Marshall Williamson of Lincoln Harris represented Clarion Partners, which owns Morrocroft Centre in a joint venture with Oregon Public Personnel Retirement Fund (OPERF). Chris Schaaf of JLL represented GRG. By Marc Bibanga
GLG Expands into 41,803 SF in Downtown Austin
Gerson Lehrman Group (GLG) signed a 10-year lease for 41,803 square feet at 301 Congress Ave., nearly doubling its area in the downtown office building it has called house considering that 2004.
GLG will expand from 24,279 square feet to occupy the entire 15th and 16th floors in the 22-story, 418,338 square-foot, Class A workplace building owned by National Workplace Partners LP. Approximately 400 employees will certainly move into the brand-new area.
Chad Barrett, Bart Matheney and David Putnam of Aquila Commercial represented National Office Partners in the transaction, while Carrie Frye and Robert Meyers of CBRE represented GLG. By Riley Sullivan
Cedars-Sinai Broadens Footprint
Cedars-Sinai is enhancing its footprint in Southern California with a new local office at Runway Playa Vista at the crossway of Jefferson and Lincoln boulevards in Playa Vista, CA. Cedars-Sinai signed an 11-year lease for the entire 32,000-square-foot Class A business office space, with plans to open by the end of 2016.
The brand-new website is part of Cedars-Sinai’s continuous efforts to establish heathcare locations near to where individuals live and work. Construction will transform the 2nd, third and 4th floors of Runway into medical office rented by Cedars-Sinai, which will certainly be an anchor for the new mixed-use way of life center. The medical offices will certainly be located above Runway’s shops and restaurants, many which have recently opened, consisting of Whole Foods Market, Starbucks and CVS/pharmacy.
Todd Doney and Chris Isola of CBRE represented Cedars-Sinai Medical Group. Kent Handleman and Robert Hook led the negotiations for landlord Lincoln Property Co. By Mark Heschmeyer
Allegheny Health Network Leases 15,500 SF in Wexford
Allegheny Health Network rented 15,500 square feet of workplace at 12620 Perry Hwy. in Wexford, PA. The 31,000-square-foot Class B medical workplace structure was built in 2015 and lies in the North Pittsburgh/Hwy 19 submarket. Connected Health, a wellness center, leased 15,500 square feet in March.
Costs Wells of ReMax Select Commercial represented the proprietor. Barry Josowitz of JLL represented the occupant. By Darul West
St. John’s Riverside Signs 15,000 SF Lease
St. John’s Riverside Hospital signed a 15,000-square-foot lease for medical workplaces at the Boyce Thompson Center mixed-use complex under construction simply off United States 9 in Yonkers, NY. The lease is with Simone Advancement Cos.
. St. John’s Riverside, the largest neighborhood medical facility in Westchester County, will certainly occupy the whole two-level, freestanding glass and aluminum structure that will certainly be developed at the corner of Executive Boulevard and Executive Plaza.
The Boyce Thompson Center is a contemporary 85,000-square-foot mixed-used complex under construction on the website of the previous Boyce Thompson Institute. The $35 million job, which broke ground in June, is expected to be completed in 20 months. By Mark Heschmeyer
Marbury Law Group Indications Lease Growth in Reston
The Marbury Law Group, a growing intellectual property and innovation law practice, has actually once again broadened its offices. Its latest lease expansion brings the law practice’s overall square video to practically 17,000 at 11800 Sunup Valley Drive, which is called the Reston International Center in Reston, VA. The Ezra Co.’s senior vice president, Kenneth King, and associate vice president, Erica King, represented The Marbury Law Group. By Mark Heschmeyer