The Latest Largest Workplace Offers also Include: AppFolio, Cepheid, Coyote Logistics, Fonar, Johnson & & Johnson, Redflex, SNC-Lavalin, TowneBank, Veracity, Wells Fargo, Wing Lung Bank, and more bluebird bio Inc. entered into a lease for an overall of 253,108 square feet of workplace and laboratory space in a new structure presently under building at 60 Binney St. in Cambridge
, MA. The building belongs to the 541,000-square-foot Alexandria Center at Kendall Square being established by Alexandria Realty Equities and arranged for conclusion in late 2016. The CBRE New England renting group representing the structure includes Gregory Lucas, Adam Brinch and Curtis Cole.
The 10-lease lease includes the entire building at 60 Binney St. with the exception of a ground-floor retail suite and will certainly function as the clinical-stage biotechnology business’s headquarters, changing the company’s existing workplace at 150 2nd St. and 215 First St. in Cambridge.
Alexandria has roughly 5.2 million square feet of office/laboratory space in the higher Boston area, including development tasks presently under building. By Mark Heschmeyer
ConAgra Moving HQ from Omaha to Chicago
Omaha-based ConAgra Foods (NYSE: CAG) will move its headquarters from Omaha to Chicago where it signed a lease in among the biggest office buildings in the united state
. The maker of Healthy Choice, Hunt’s, Slim Jim, Chef Boyardee and other packaged foodstuff signed a 15-year lease for 168,000 square feet in theMart, a 4 million-square-foot complex previously called the Merchandise Mart possessed by Vornado Realty Trust.
ConAgra will certainly move around 700 employees to the River North area beginning in summertime 2016. The business plans to keep roughly 1,200 workers, consisting of those in research study & & development and supply chain management, in Omaha.
“Locating our headquarters and our biggest company section in Chicago puts us in the heart of among the world’s company capitals and customer packaged products centers, boosting our capability to draw in and keep leading skill with a concentrate on brand structure and development,” stated Sean Connolly, president and CEO of ConAgra Foods.
ConAgra will certainly sign up with Yelp, Motorola, Discovery Chicago, MSL Group and Razorfish as a tenant at the Vornado-owned theMart, which is so large that until 2008 had its own postal code. The relocation was stimulated by Illinois Governor Bruce Rauner, who accepted tax credit incentives for the business.
ConAgra recently divulged restructuring plans consisting of 1,500 job cuts. The company has maintained operations in the Chicago area, leasing 150,000 square feet of space within the Naperville Workplace Park in Naperville considering that 2004. The business prepares to close that place and move the majority of those 400 employees to its new downtown area.
“We are making difficult, however essential, choices to enhance performance, drive standardization and boost versatility to provide improved profitability,” included Connolly. Leasing at the Product Mart is managed by Andrea Saewitz, Wendy Katz and Chris McKinney of Cushman & & Wakefield – J.F. McKinney & & Associates. By Bryce Meyers
Johnson & & Johnson Leases 103,000 SF in Tampa
Johnson & & Johnson, the health care business accountable for the manufacture and retail of consumer products, medical gadgets, and prescribed items, has leased 102,580 square feet at 8800 Grand Oak Circle in Tampa, FL.
The 135,174-square-foot Corporate Center One workplace structure was built in 1997 on 9.7 acres in the Northeast Tampa submarket of Hillsborough County, within the Hidden River Corporate Park.
Clay Sovich and Ron Ruffner with Cushman & & Wakefield represented the landlord, a joint-venture between Oaktree Capital Management and Banyan Street Capital. By Jeffery Wilson
Cepheid Indications with The Irvine Co. in Santa Clara
Cepheid, a molecular diagnostics company, entered into a lease contract with The Irvine Co. to take 83,000 square feet of area at 2550 Great America Way in Santa Clara, CA. The initial regard to the lease is anticipated to begin around April 1, 2016, and will certainly run for 10 years and 5 months.
Based in Sunnyvale, CA, Cepheid is establishing and marketing molecular systems and tests designed to carry out sophisticated genetic testing for organisms and genetic-based illness. By Mark Heschmeyer
SNC-Lavalin To Extend Lease in Toronto
SNC-Lavalin’s nuclear sector, a long-term occupant in the Mississauga’s Sheridan Park, has dedicated to extend its lease on a long term basis in the newly reconditioned center. Slate Office REIT became part of a binding contract with SNC-Lavalin for 215,000 square feet of research, development and office in Sheridan Park for a preliminary regard to One Decade.
Under the regards to the agreement, Slate will change 2251 and 2285 Speakman Drive for SNC-Lavalin at a cost of $46 million, fully retrofitting the area to develop practical, modern centers with modern facilities.
The lease will certainly have an initial regard to 10 years and consist of an option to lease an extra 28,000 square feet enhancing the overall area to 243,000 square feet. By Mark Heschmeyer
Fonar Inks Lease Renewal Reaching Half Century with Rechler Equity
Fonar Corp., a developer and maker of MRI scanners, signed an 11-year, 78,240-square-foot lease renewal at 110 Marcus Drive in Melville, NY.
Fonar introduced the world’s first office MRI scanner. The company had actually been considering a relocation from state due to taxes however was able to continue to be at the Rechler Equity building after the Suffolk County Industrial Development Firm gave the business real estate tax rewards for the next decade.
As part of the 11-year lease renewal, property owner Rechler Equity Partners will manage a series of capital improvements at 110 Marcus Drive. Rechler Equity director of acquisitions and leasing Ted Trias negotiated the lease renewal on behalf of the business, while Howard Nemshin, a partner at Atlantic Property Solutions LLC, represented the occupant. By Mark Heschmeyer
SIM Group Signs at Historical Eastman Kodak Building
The SIM Group, a leading supplier of services and innovation to the movie and tv market, signed a long-lasting lease for 65,000 square feet in a building constructed by Eastman Kodak in 1994 and just recently refurbished by Lincoln Property Co.
. The retrofitted facility at 1017 N. Las Palmas Ave. includes standard editorial office space, post-production space, a DI theater and video camera rental area. With SIM Group’s arrival, the two-building campus, which was built and inhabited by Kodak for almost a century, will certainly end up being a media and innovation center. The three-story area will house three SIM Group business.
Matthew Miller, managing principal of Cresa, represented SIM. By Mark Heschmeyer
Holder Building Group Leases 55,964
Holder Construction Group leased 55,964 square feet in the Riverwood 200 building currently under building at 3250 Riverwood Pky. in Atlanta. Building began last month on the 299,125-square-foot, 12-story workplace structure, which is slated to deliver in July 2017.
Cooper Carry Inc. is the architect for the building being developed by Highwoods Properties. Holder’s lease includes the whole 11th and 12 floors, and 4,506 square feet on the 10th floor. Other tenants will certainly include Delta Neighborhood Cooperative credit union and Bennett Thrasher LLP.
Mike Wells and Jim Bacchetta of Highland Characteristics brokered the deal on behalf of the property owner. By Jonell Finley
Nations Direct Mortgage Indications 7-Year Lease
Countries Direct Mortgage leased 49,940 square feet of workplace spread across 5 and 6 Hutton Centre Dr. in Santa Ana, CA. The seven-year deal is valued at approximately $10 million, and consists of building signs. The occupant is consolidating and broadening neighboring offices.
The twin 14-story workplace buildings called Griffin Towers total 547,230 square feet and were built in 1987. Jeff Tabor with Corporate Real estate Advisors represented the renter. Dean Chandler, Weston Chandler, John Weiner, and Justin Hill of CBRE represented the proprietor. By Brian Kremer
Leukemia & & Lymphoma Society Takes 41,868 SF I Rye Brook
The Leukemia & & Lymphoma Society (LLS) signed a 41,868-square-foot lease to relocate its head office to 3 International Drive in Rye Brook, NY. The cancer research study company leased 9,868 square feet on the first floor and the whole 2nd floor, 32,000 square feet, at the 94,000-rentable-square-foot, three-story structure. It will certainly relocate to the brand-new space from 1311 Mamaroneck Avenue in White Plains.
The lease term is 15 years. LLS stated the lowered area will certainly conserve countless dollars over the term of the lease and provide its workers with a collaborative work environment. CBRE executive vice president William V. Cuddy, Jr. and vice president Kevin McCarthy represented the occupant. The proprietor, Reckson Operating Collaboration, a division of SL Green, was represented internal in the transaction by Robert Swierbut, vice president leasing.
This is the 2nd lease LLS has signed with SL Green over the previous 12 months. The fundraising arm of the organization serving Connecticut, Westchester and the Hudson Valley previously leased approximately 7,000 RSF at Landmark Square in Stamford, CT. By Mark Heschmeyer
Redflex Transfers to Two Glendale Workplace Buildings
Redflex Traffic Systems signed 2 leases to move its Phoenix workplace operations to buildings at 5651 W. Talavi Blvd. within Talavi Corporate Center and 16680 N. 51st Ave. within the 51 Bells task in Glendale, AZ.
. Redflex rented approximately 35,760 square feet of space at Talavi Corporate Center and is transferring from 23rd Opportunity and Peak Peak Roadway. Redflex also leased roughly 14,000 square feet at 51 Bells. The business will take occupancy of its new spaces in December.
Redflex Traffic Systems establishes and produces a vast array of digital image enforcement solutions consisting of red light camera, speed video camera, and school-bus-stop arm electronic camera systems.
Senior directors Blaine Black, Sam Murik and Don Rodie and associate Robb Vallier with Cushman & & Wakefield represented Redflex. Ashley Brooks of CBRE represented Los Angeles-based Regent Properties, owner of Talavi Corporate Center. Mark Linsalata of Lee & & Associates Arizona represented Arizona-based 51 Bells Limited Partnership. By Mark Heschmeyer
Accuracy Engineering Leases DC Workplace
Veracity Engineering signed an 11-year lease for 34,642 square feet at the L’Enfant Plaza North building at 955 L’Enfant Plaza SW in Washington, DC.
Completed in 1968, the I.M. Pei-designed office building steps 283,100 square feet over 8 stories at the southeast corner of 9th and D Streets in D.C.’s L’Enfant Plaza. The home is located off I-395 and within strolling distance of the L’Enfant Plaza city station, and is anchored by the U.S. Department of Energy.
Andrea Murray and Jill Goubeaux of The JBG Cos. offered internal representation for building owner JBG, while Geoffrey Kreiss of Cushman & & Wakefield represented Accuracy Engineering. By Javier B. Jennings
Wells Fargo Leases 33,000 SF in Glen Mills
Wells Fargo signed a 33,321-square-foot lease on the first floor of the office building at 50 Applied Card Method Glen Mills, PA. The five-story, 248,975 square foot, Applied Corporate Center was built in 2002 in the Delaware County submarket.
Blaise Fletcher and John Perkins with JLL brokered the deal on both sides of the table. By Tho Vu
Coyote Logistics Completes 30,000-SF Workplace Lease in Minneapolis
Coyote Logistics signed a brand-new 30,000 square foot office lease at 401 1st Ave. N in Minneapolis. The UPS subsidiary and 3PL supplier formerly preserved offices in Brooklyn Park, Minnesota, a suburban area of the Twin Cities.
Coyote Logistics will certainly take occupancy of the new space in the first quarter of 2016, upon conclusion of a custom build-out to the new space. MB Property represents Coyote Logistics in its real estate interests across the country, and the firm’s David Burkards, senior vice president, assisted with its moving. By Mark Heschmeyer
TowneBank Takes New Richmond HQ Space
TowneBank signed a lease for 26,047 square feet of workplace for its regional headquarters at Entrance Plaza in downtown Richmond, VA.
. The new structure at 800 E. Canal St., inhabits a block in the monetary district. The 18-story, high-rise office building and parking lot were established and are had by an affiliate of St. Louis-based Clayco.
The bank will certainly inhabit 12,342 square feet, which comprises most of the ground floor and 13,705 square feet on the 7th floor. TowneBank’s downtown full-service banking center will be housed on the very first floor.
Gerald S. Divaris, chairman and CEO, and Brett McNamee, senior vice president of Richmond workplace of Divaris Realty Inc. negotiated on behalf of the occupant with Clayco. By Mark Heschmeyer
SPS Commerce Relocates, Broadens at Overlook Corporate Center
SPS Commerce signed a long-lasting, 25,000-square-foot lease at 150 Clove Road in Little Falls, N.J. The Minneapolis-based retail supply chain network and provider of cloud-based options and analytics will move its New Jersey operations from Parsippany to Overlook Business Center’s fourth floor in February 2016.
Richard Mirliss, executive managing director at Colliers International, together with colleagues executive managing director Richard J. Madison, and associates Jack Callahan and Alexander Vitro, represented the structure’s ownership, Theta Holding Business, LP, as the building’s unique listing agent. By Mark Heschmeyer
AppFolio Leases Richardson Office Space
AppFolio, a home management software company, rented 24,479 square feet in Cardinal Park in Richardson, TX. The nine-building business park covers more than 10 acres in between International Pky. and N. Plano Rd. AppFolio will occupy the 2nd floor of Structure 9 start in March 2016.
Joshua Barnes and James Engels at Holt Lunsford Commercial represented the proprietor, Adler Kawa Property Advisors in the direct handle the renter. By Tessia Knight
DPR Construction Leases 20,612 SF in Sundown Corporate Plaza
DPR Construction, an independently held, employee-owned nationwide technical contractor, signed an 11-year deal for 20,612 square feet at the Sundown Corporate Plaza in Reston, VA.
. The business will certainly be moving its Falls Church office to 11109 Sundown Hills Rd., a 41,212-square-foot, two-story office building also referred to as Sundown Corporate Plaza 2. Josh Masi, Matthew Bundy and Tom Walsh of Cushman & & Wakefield represented the property owner, Penzance Cos.; while Fielding Muir of Transwestern represented DPR Building. By Walt Brown
Wing Lung Bank To Move U.S. HQs to Newport Beach’s Fashion Island
Wing Lung Bank signed a 10-year lease with The Irvine Co. at 520 Newport Center Drive in Newport Beach, CA. The bank, which has operated in Hong Kong for over 80 years, is a completely owned subsidiary of China Merchants Bank, the sixth largest industrial bank by total possessions in China. It is currently among the top 50 banks worldwide.
The bank will certainly take the entire 16th floor totaling 17,630 square feet at the Irvine Co.’s most recent workplace structure to move its U.S. head office from Alhambra, CA. It will certainly be the first Chinese run bank to get in the Newport Center area.
Senior vice president Tom Nguyen with NAI Capital and Nelson Chau, an independent broker, recommended Wing Lung Bank Ltd. By Mark Heschmeyer