Tag Archives: lease

Workplace Lease Up (November 13) Brookfield Lands Another Significant Occupant at One Manhattan West as Ernst & & Young Register For 600K SF

Wrap-Up of Largest Reported Workplace Leases Includes Deals by QRM, Envision Doctor Solutions, WeWork and more

Ernst & & Young (EY) has concurred to lease 600,000 square feet of office in Brookfield Home Partners’new One Manhattan West located at 400 West 33rd St., ending up being the current significant office renter to decamp for the emerging location of the city, the worldwide tax advisory firm confirmed Thursday.

The 67-story, 2.1 million-square-foot One Manhattan West is the very first of two workplace towers Brookfield is constructing as part of its Manhattan West advancement, situated at the corner of 9th Ave. and West 33rd St. across from the under-construction Moynihan Station and obstructs from The Related Business’s massive Hudson Yards development.

EY validated it chose One Manhattan West to house its North America headquarters in a tweet. Presently, EY inhabits 966,477 square feet at its 5 Times Square base under a lease set to end in Might 2022, according to CoStar information. In an associated move, EY stated the very same year it transfers to One Manhattan West it likewise plans to open a 170,000-square-foot office in Hoboken, N.J., where it will house among its main knowing hubs.

Cushman & & Wakefield is handling the office leasing for the Manhattan West advancement, while Brookfield is in charge of retail leasing there. By Diana Bell

QRM Extends, Broadens Worldwide HQ to 107,000 SF at 181 Madison

Quantitative Threat Management (QRM) signed a renewal and expansion of its home office at 181 W Madison

in Chicago’s Central Loop. The 30-year-old danger management speaking with company has actually been operating from the 952,559-square-foot, 50-story Central Loop tower for over half of its life expectancy. The business’s decision to restore its lease and expand by an additional 17,700 square feet brings the consulting company’s total footprint at the tower to 107,000 square feet throughout the 40th, 41st,48 th and 49th floors.

Mark Buth and Kelsey Scheive of MB Realty Solutions handled settlements on behalf of 181 Madison owner HNA Property Holdings, which obtained the property in January of this year. By Landon Cox

Medical Group Indications 89,000-SF Lease in Plantation

Envision Physician Services LLC, a medical group practice, has leased 89,143 square feet at the 1801 Structure in

Plantation, FL. The two-story, 96,230-square-foot structure was constructed in 1983 and went through a series of remodellings this year after 3 long-lasting renters left. When Envision opens in the summer season of 2018, the building will reach full occupancy.

Colliers’ Alfie Hamilton, Caitlin Inklebarger and Jarred Goodstein represented the landlord. Alex Brown of Cresa South Florida represented the renter. By Paul Owers

WeWork Takes 65,000 SF in Downtown Austin’s Chase Tower

WeWork will open its 4th place in Austin after the New York City-based co-working area supplier signed a 65,076-square-foot lease at the 21-story Chase Tower in Austin’s central business district.

Anchored by J.P. Morgan Chase, RGM Advisors and Procore, the 389,503-square-foot Chase Tower was constructed in 1972 at 221 W. 6th St. minutes from the Austin Convention Center, I-35 and the Amtrak-Austin station. In addition to its anchor tenants, the residential or commercial property is the home of The Headliners Club, a private dining club located on the 21st flooring of the structure.

Jay Lamy and Matt Wilhite of AQUILA Commercial represented WeWork. Trish Williams and Andy Smith of Lincoln Residential or commercial property Co. dealt with negotiations on behalf of the Homeowner, a joint venture consisted of Lincoln Home Co. and Goldman Sachs. By Andrea Lawson

Peapod Picks Riverside Plaza in Downtown Chicago for HQ

Peapod has protected a new place for the company’s corporate workplaces, signing a 15-year lease for 52,827 square feet at the Riverside Plaza in Chicago’s West Loop. The online grocery shipment service revealed its plan back in May to transfer the business’s headquarters to downtown Chicago in an effort to bolster productivity and broaden its company. Established in 1989 and gotten by Dutch global food seller Ahold Delhaize in 2001, Peapod will totally occupy the 6th floor of the +1 million-square-foot, 23-story Riverside Plaza in the very first half of 2018.

Matthew Pistorio and Pleasure Jordan of the Telos Group brokered the offer on behalf of the homeowner, a joint endeavor comprised of Mizrachi Group and David Werner Property. Thomas Berarducci and David Burden Colliers International represented Peapod. By Jack Lepore

National Law Practice Renews 55,000-SF Lease at Two Allen Center

Chamberlain, Hrdlicka, White, Williams & & Aughtry, a nationwide law firm, has signed a lease extension for 55,000 square feet at Two Allen

Center in downtown Houston. Chamberlain, Hrdlicka &, White, Williams & Aughtry has preserved offices on the 13th and 14th floorings of the tower for more than Thirty Years, according to CoStar information. The company’s most current extension will keep them in the structure through 2028.

David Guion and Tim Relyea with Cushman & & Wakefield represented Chamberlain Hrdlicka in the transaction, while JLL’s John Pruitt, Bubba Harkins and Jessica Ochoa represented the property owner, Brookfield Property Partners. By Veryne Lawrence

Bible College Expands into 50,000-SF Structure

South Florida Bible College & & Theological Academy has signed a 50,000-square-foot, full-building lease to move its campus to 2200 SW 10th St. in Deerfield Beach, FL.

Established in 1996, the single-story office building is a previous call center that housed 300 work stations. The college is expected to relocate throughout the spring semester.

John Criddle and Joe Freitas with Cushman & & Wakefield represented the landlord, Boca Raton-based Fields Realty. Casa Bella Real estate’s Joe Souza represented the occupant. By Paul Owers

First Reserve Leased 35,000 SF in Stamford

First Reserve, a private equity investment company, signed a lease for 34,551 square feet in the office building

at 290 Harbor Dr. in Stamford, CT. The five-story building totals 185,369 square feet in the Shippan Landing workplace park. The property delivered in 1981. Other renters consist of Octagon Worldwide, Inc. and Workpoint.

Journey Hoffman and Michael Norris of Cushman & & Wakefield and Dana Pike of George Convenience & & Sons, Inc. represented the proprietor. By Matthew Hamburger

Cona Providers to Open New Midtown Atlanta Workplace

Cona Providers, a Coca-Cola System IT services company totally owned and governed by its Coca-Cola bottling partners in North America, will establish a brand-new center in Midtown Atlanta after accepting a lease for 32,594 square feet at 10 10th St.

The home is a 421,417-square-foot, 13-story office building constructed in 2001 3 blocks from Tech Square and in close distance to the Midtown MARTA station.

Andy Sumlin, Will Porter and Aileen Almassy of Cushman & & Wakefield represented Union Financial investment in the deal, while Greg Baxendale of JLL represented Cona Provider. By Terrence Allen

Corbion Takes 32,355 SF at Genesis R&D/ Workplace School in South San Francisco

Corbion signed a 51-month lease for 32,355 square feet in the South Tower of the Genesis life science R&D/ office campus located straight off Hwy. 101 in South San Francisco.

The food and biochemical components business was looking for a quick move-in and found market-ready space at 1 Tower Location, a 350,461-square-foot, 12-story office building and one of 2 residential or commercial properties that compose the Genesis complex. The North Tower, a nearby 21-story, 400,000-square-foot high-rise, is currently under advancement and slated to deliver next fall.

Jay Leslie, Randy Scott, Mary Hines and Jennifer Vergara of Newmark Cornish & & Carey, in cooperation with internal rep Becka Studer, represented structure owner Stage 3 Property Partners in settlements. Ben Stern, likewise of Newmark Cornish & & Carey, brokered the deal for Corbion. By John Walz

International Aquaculture Alliance Transferring HQ in Portsmouth, NH

The International Aquaculture Alliance (GAA) has actually reached an offer to relocate its head workplaces to a new 28,800-square-foot office complex presently under development in the Rockingham area of Portsmouth, NH.

An international nonprofit dedicated to advancing ecologically and socially accountable aquaculture, GAA will move its offices from 2 International Dr. to 15,750 square feet at 85 New Hampshire Ave. The structure is slated to provide nearby to Pease International Tradeport and simply off I-95 by spring 2018.

Renee Plummer of Two International Group brokered the lease on behalf of ownership. By Allison Quinn-Redding

Varagon Capital Transferring HQ to 299 Park Opportunity by Year End

Varagon Capital Partners, a direct loan provider for middle-market business and financial sponsors, will relocate its head office to the UBS Building at 299 Park Ave. in New York City City, having actually accepted inhabit 28,316 square feet there.

The 42-story, 1.18 million-square-foot, 5-Star office tower sits in between 48th and 49th Streets within the Plaza District submarket of Manhattan. Varagon will be transferring its existing head office from 488 Madison Ave., where it occupies 10,360 square feet, marking a significant growth for the tenant.

Leo Paytas and Conor Denihan with CBRE represented Varagon in lease negotiations. Marc Packman and Clark Briffel with Fisher Brothers, together with Newmark Knight Frank’s David Falk, Peter Shimkin, Andrew Sachs, Eric Cagner and Andrew Peretz represented the landlord in the lease offer. By Diana Bell

Food & & Water Watch Extends HQ Lease in NW D.C.

Food & & Water Watch, a non-governmental public interest company that champions healthy food and tidy water for all, agreed to restore its 18,323-square-foot head office at 1616 P St. NW in Washington, D.C.

. The six-story office building totals 68,500 square feet in the Resources & & Conversation Center. Other renters in the structure include Earth Day Network and Just Vision.

John Danziger and Eric West of West, Lane & & Schlager Real estate Advisors represented the occupant in the renewal. By Phil Graham

Regus to Anchor New Redstone Gateway Advancement in Huntsville

Regus, a workplace suite and co-working space company, signed a lease to anchor a new office complex set to be established within the Redstone Gateway development

in Huntsville, AL. The 36,000-square-foot, single-story structure is arranged to break ground this month at 4100 Market St. Regus will occupy 21,000 square feet on a 14-year offer that is expected to start in the 4th quarter of 2018.

Redstone Entrance is a 470-acre, mixed-use office park owned in a joint endeavor by Business Office Residence Trust and Jim Wilson and Associates, LLC. The final advancement will consist of more than million square feet of office, retail, restaurant and hospitality space. By Carter Wells

Lennar Corp. Signs Lease at 500 E. Morehead St. in Charlotte

LMC, the multifamily division of Lennar Corp., signed a lease for 20,400 square feet in the new office complex located at 500 E. Morehead St. in Charlotte, NC. The company will occupy its new space in early December.

The seven-story, 178,259-square-foot building delivered las April in the Midtown submarket. The project took about 15 months to complete, providing with most of the structure pre-leased. Beacon Partners established the property, inning accordance with CoStar details.

Charlie Swanson and Kristy Venning represented the owner, Beacon Partners. Mark Decherd with CBRE represented the tenant. By Shae Yeagar

Axios to Open New 15,000-SF Office in Clarendon

Axios Media, a recently launched American news and info website established by Politico co-founder Jim VandeHei, former Politico Chief White Home reporter Mike Allen and former Politico CRO Roy Schwartz, signed a lease for 15,301 square feet of office space at 3100 Clarendon Blvd. in Arlington, VA.

. Renovated in 2015, the 14-story, 272,698-square-foot high-rise is anchored by The Cadmus Group as well as homes offices for the State Dept. Federal Cooperative Credit Union and Enterprise Understanding, among others. Axios’ lease includes the whole 13th floor, which the business plans to inhabit in the spring of 2018.

David Alperstein of FD Stonewater represented Axios in settlements, while Dave Millard, Nick Gregorios, Peter Berk and Caroline Guidera of Avison Young represented the property owner, Atlanta-based Piedmont Workplace Realty Trust. By Olivia Schneider

Ametek Takes 15,906 SF at Diehl Point at Cantera

Ametek, Inc., an international maker of electronic instruments and electromechanical gadgets, signed a 10-year lease to open a new workplace at Diehl Point at Cantera in Warrenville, IL.

Ametek will occupy 15,906 square feet at 27755 Diehl Rd., a 44,730-square-foot, single-story structure finished in 1999 just south of I-88 in the Western East/West Passage. Ametek’s offer brings the residential or commercial property to completely rented.

Patrick Elwood of CBRE represented Ametek in negotiations. Peter Adamo, also of CBRE, represented the property owner, KBS Realty Advisors. By Kahn Thomas Branch

Elder Health Care Operators and Home Owners Pursue Property Sell-Offs, Lease Restructurings in Uncertain Healthcare Environment

Welltower, Sabra Healthcare, HCP Selling Numerous Facilities Rented and Operated by Genesis Health Care, Brookdale Elder Living

As senior care facility operators Genesis Health care Inc.(NYSE: GEN)and Brookdale Senior Living Inc.(NYSE: BKD) grapple with the fallout from the ongoing changes in the health care economy, they continue to push for lease restructurings with the healthcare REITs that have actually pertained to own their centers.

Welltower Inc. (NYSE: HCN )and Sabra Health Care REIT (NASDAQ: SBRA)are in that procedure with Genesis Healthcare and HCP Inc.(NYSE: HCP)is reorganizing its Brookdale holdings. Recently, Genesis Healthcare exposed in a regulatory filing that if it is not successful in renegotiating leases with Welltower, Sabra and its lenders, the business may need to apply for Chapter 11 personal bankruptcy reorganization. “Our outcomes of operations have been adversely impacted by the relentless pressure of healthcare reforms enacted in recent years,” Genesis said in its filing.”This difficult operating environment has actually been most acute in our inpatient segment, however also has actually had a destructive impact on our rehab therapy segment and its clients.”Genesis declares its has actually executed a number of cost-mitigation strategies to balance out

the negative financial implications of the new health care operating environment. Nevertheless, the unfavorable effect of ongoing decreases in skilled patient admissions, shortening lengths of stay, intensifying wage inflation and professional liability losses, combined with the increased cost of capital through escalating lease payments, have combined to develop something of a best storm for the operator in the third quarter of 2017, which have actually put the company into noncompliance with certain loan and lease covenants.”In case of a failure to get required and prompt waivers or otherwise accomplish the set charge decreases consisted of in the restructuring plans, we might be required to seek reorganization under the United States Bankruptcy Code, “the business stated. The ongoing restructuring strategies Genesis was describing include the proposed sale by Sabra and Welltower of certain

facilities presently leased to the company, which Genesis then means to re-lease from new third-party proprietors at decreased leas. Genesis also said it will make commercially sensible efforts to refinance or repay through asset sales, certain of its debt obligations

with Welltower which, upon conclusion, is expected to lead to a decrease in interest costs. Through these efforts Genesis wants to conserve $80 million and$100 million each year. Shankh Mitra, senior vice president financing and investments for Welltower, stated:”It is obvious that ability mix and occupancy have been materially impacted by the development of

repayment model over last few years. However, we are really encouraged by the consecutive stabilization of EBITDAR in a bulk of our Genesis portfolio. We are positive that Genesis will be a winner in the brand-new value-driven landscape due to the fact that of its superior scientific capabilities. We and other Genesis-graded celebrations understand the present capital structure is suboptimal.” Welltower’s disposition program will provide substantial deleveraging for Genesis, Mitra stated, adding that Welltower has determined a purchaser however could not comment even more. Meanwhile, Brookdale Senior citizen Living Inc. announced that it has actually participated in a conclusive agreement with HCP for a multi-part transaction involving lease terminations and home sales. The lease terminations consist of triple-net leases on 34 communities(3,170 units).

Brookdale will get two of those communities( 208 systems). Brookdale’s remaining triple-net lease portfolio with HCP will be combined into one master lease. HCP will also get Brookdale’s

10% equity ownership in 2 existing joint endeavors for which Brookdale supplies management services to 59 neighborhoods (9,585 systems). Brookdale will acquire 4 of the neighborhoods( 787 units), will keep management of 18 of such neighborhoods(3,276 systems) with extension

of the term to 2030, and will end management of 37 of such neighborhoods(5,522 systems ).”As an outcome of these deals, we will have increased versatility and certainty when examining and participating in deals to understand the worth of our portfolio, “said Andy Smith, Brookdale’s president and CEO.”This announcement is a by-product of both our ongoing tactical review process and our portfolio optimization initiative.

We continue to check out actively the full series of choices and options to simplify our business, enhance our portfolio and produce and improve shareholder worth.” For the third quarter ended Sept. 30, Brookdale reported a GAAP bottom line of $413.9 million for the third quarter of 2017 compared with $51.7 million for the 3rd quarter of 2016 For its part, HCP said it means to either transition to other operators or offer its 68 other Brookdale residential or commercial properties during 2018. The anticipated sales are anticipated to produce$600 million to$900 million of net earnings to HCP depending upon the mix of property sales versus shifts to new operators.” This is a win-win for Brookdale and HCP, and we value quite the collective method this

arrangement has actually come together, “said Tom Herzog, president and CEO of HCP.” Decreasing our Brookdale concentration has been among our greatest concerns in 2017, and these arrangements enable us to do that in a structured and cooperative manner.”

GSA Looking to Lease As Much As 2 MSF for 2020 Census Offices

Problems 208 Short-Term Lease Requirements for U.S. Census Bureau to be Procured Via Automated Advanced Acquisition Program (AAAP) and GSA Leasing Support Solutions (GLS) Contract

The U.S. General Services Administration’s (GSA) launched 208 extra short-term lease requirements for the U.S. Census Bureau to be acquired by means of the Automated Advanced Acquisition Program (AAAP) and GSA Leasing Assistance Solutions (GLS) agreement.

These requirements remain in addition to the 37 requirements released in mid-July, bringing the total to 245 requirements across the country.

GSA will procure city Census Offices throughout the country for the Census 2020 effort. These areas will serve the Census Bureau’s employees accountable for conducting the Census Survey.

These offices generally vary in size from 6,600 to 8,550 square feet with a lease regard to approximately 19 months with 11 months of the term devoted.

Locations and additional requirement information are being published in project-specific ads at Federal Business Opportunities and can be discovered through the keyword search term, “17-CENSUS.” A consolidated list of project-specific ads can likewise be found by checking out GSA Census 2020.

Office Lease Up (October 30) Anthem Inks Offer for New 352,000-SF Tech Center in Midtown Atlanta

Wrap-Up of Largest Reported Office Leases Include Offers by Third Point, Service Express, NEC and more

Anthem(NYSE: ANTM)will scale up its operations in Midtown Atlanta considerably following news the Indianapolis-based medical insurance company signed a lease for a brand-new 352,000-square-foot innovation center set up to break ground next year in Tech

Square. Atlanta-based Portman Holdings will develop the custom-made 21-story build-to-suit at the corner of Fourth and W. Peachtree Streets in the burgeoning Tech Square development hub home to research study centers, incubators, innovation start-ups and the school of Georgia Tech. Construction on Anthem’s new Midtown Atlanta complex is anticipated to begin in January with a delivery date scheduled for early 2020.

David DiPietro, Kelly Givens and Liron Nelik of Savills Studley worked out the lease on behalf of Anthem, while Travis Garland of Portman Management Co. represented ownership in-house. By Bryce Meyers

Third Point Taking Top 3 Floorings of 55 Hudson Yards

Third Point LLC, New York-based, employee-owned hedge fund sponsor, signed a 10-year lease for 75,064 square feet on the leading three floors at 55 Hudson Yards in New York City. The 51-story, in-development workplace tower belongs of Associated Business’ Hudson Yards development. It amounts to 1.5 million square feet and is slated for shipment in early 2018. The building was developed by Kohn Pedersen Fox in collaboration with Kevin Roche John Dinkeloo and Associates. Other notable occupants that have signed leases in the structure include Intercept Pharmaceuticals, Silver Lake Management Co. and Point 72 Asset Management.

Alexander Chudnoff and Dan Turkewitz of JLL represented Third Point. Howard Fiddle, Robert Alexander and Emily Jones of CBRE represented the property owner together with Related’s in-house brokers Stephen Winter and Andrew Cantor. By Andrea Quach

Service Express Leases 60,361 SF in Grand Rapids’ Lakeside Bldg.

. Service Express Inc., a locally-based information center upkeep company, signed a lease for 60,361 square feet in the Lakeside Building at 3855 Stimulates Dr. SE in Grand Rapids, MI.

Completed in 1987, the two-story office building amounts to 79,234 square feet in the East Paris Plaza Office Park. Service Express will inhabit 39,617 square feet on the very first flooring and 20,744 square feet on the second floor.

Nate Scherpenisse and Blake Rosekrans of CBRE dealt with settlements on behalf of the owner, Gates Prime Commercial Group. By Andrea Lester

NEC Moving Corporate Offices to Downers Grove

NEC Display Solutions of America will transfer its head office to 47,714 square feet within the Esplanade at Locust Pointe in Downers Grove, IL.

NEC, a technology business and a leading designer and provider of display screens such as LCD screens, is planning to increase its exposure by expanding from its 40,000-square-foot headquarters in Itasca, IL to Esplanade V, a 164,000-square-foot, seven-story office building located at 3250 Lacey Rd. The space will include, as soon as built-out, a 6,000-square-foot innovation display and demonstration center together with a 5,000-square-foot research and development lab.

Chad Freese, Paul Diederich, Matthew Frazee and Jon Springer of the CBRE Chicago represented NEC in negotiations. David Andrews and Philip Sheridan brokered the offer internal for Hamilton Partners. By Derek Babb

GS1 Preleases 44,000 SF at 300 PrincetonSouth in Ewing

GS1, a service info requirements organization locateded in Lawrenceville, has pre-leased 44,000 square feet in the 300 PrincetonSouth office complex at 300 Princeton South Corporate Ctr in Ewing, NJ.

The proposed three-story structure will amount to approximately 97,405 square feet when it provides in early 2020. Opus East LLC prepares to break ground on the property in the next month.

Aubrey Haines and Sab Russo of Mercer Oak Realty LLC represented property owner in the five-year handle the renter. By Laura Richwine

AAD Sells Schaumburg HQ, Leases New Area in O’Hare Entrance Center

Citing its proximity to O’Hare Airport and access to higher mass transit options, The American Academy of Dermatology (AAD) has sold its world headquarters at 930 W. Woodfield Rd. in Schaumburg, IL and will move its head offices to 41,459 square feet at the O’Hare Gateway Center in Rosemont, IL

. The Emergency Nurses Association (ENA) paid a concealed amount for the 44,000-square-foot, two-story office complex that for the last 15 years has actually acted as the home office of the AAD. The American expert company that represents emergency situation nursing, ENA strategies to move its head offices from its presently owned structure at 915 Lee St. in Des Plaines, IL to its broadened location next year.

As part of the arrangement, the AAD will enter into a brief leaseback for 930 W. Woodfield to allow the company to develop out its new area at the O’Hare Entrance Center prior to its scheduled move-in this April. The plan will likewise afford the ENA additional time to draw up its designs for the just recently obtained residential or commercial property.

Peggy McTigue and Paul Diederich of CBRE worked out the sale of 930 W. Woodfield and subsequent lease at O’Hare Gateway Center on behalf of AAD.

Terry Mostrom, Jon Azulay and Robert Sevim of Savills Studley represented ENA in its acquisition of 930 W. Woodfield, while Dan Vachula and Jim Ward of Cushman & & Wakefield represented ownership in the lease at O’Hare Gateway Center. By Abisola Osho

Garden of Life Signs HQ Lease Renewal, Growth at Business Center at the Gardens

Garden of Life has restored its 27,958-square-foot lease and expanded into a overall of 36,096 square feet in the Business Center at the Gardens office complex located at 4200 Northcorp Pky in Palm Beach Gardens, FL.

Garden of Life is a science-based, whole-food dietary supplement manufacturer with more than 250 top quality supplements. Its renewal brings the Corporate Center at the Gardens to completely leased, with Oxford Global Resources, Olympus Insurance Provider and Weiss Research study, Inc. also calling the center house.

Anthony Librizzi with Cushman & & Wakefield represented the property manager in lease negotiations. Kevin Probel and Kevin McCarthy with CBRE represented the renter. By Paul Owers

USI Insurance Svcs Leases 34,000 SF at 261 Madison

Insurance coverage brokerage and consulting company USI Insurance Services has consented to lease 34,080 square feet of office space at 261 Madison Ave. in New York City as a direct renter.

USI’s brand-new direct lease is for the whole 5th flooring and a part of the 6th flooring of the structure. It will use this area for its regional workplaces and will also house the insurance coverage brokerage business of Wells Fargo, which USI recently acquired. The insurance provider’s original sublease expires November 2017.

David Itzkowitz and Jack Keesser with Cushman & & Wakefield represented USI in lease negotiations. By Diana Bell

Spring Bank Pharmaceuticals Moving Headquarters to Elmwood Park

Spring Bank Pharmaceuticals (NYSE: SBPH) signed a 125-month lease for 29,483 square feet at 35 Parkwood Dr. in Hopkinton, MA where the clinical-stage biopharmaceutical business will develop its headquarters and primary lab area.

Spring Bank will relocate from Milford, MA in spring 2018 to the 159,795-square-foot, three-story office building that formerly housed the head office of EMC Corp. Completed in 188 and renovated in 1996, the home lies within Elmwood Park near I-495.

Bill Lynch, Kevin Brawley, and Stephen Woelfel represented Spring Bank Pharmaceuticals in settlements, while Victor Galvani brokered the offer internal for SVN Parsons. By Allison Quinn-Redding

Jail Designer, Operator Leases 25,000 SF Near New HQ

The GEO Group, a real estate financial investment trust focusing on prison development and operations, has signed a lease for 24,914 square feet at Tower 1 in the Boca Village Corporate

Center situated in Boca Raton, FL. The firm is developing a new home offices on a nearby website at 621 NW 53rd St. in Boca Raton, and will utilize the rented area for additional workplaces. GEO anticipates to move to the brand-new area in January.

John Criddle and Joseph Freitas with Cushman & & Wakefield represented the property owner, AGS Characteristics Corp., an entity connected to BVCC Corp. of Miami. Jay Whelchel of Whelchel Partners represented GEO. By Paul Owers

Knotel Leases 24,000 SF for Flagship Site at 5-9 Union Square

Knotel, a company that provides custom-made head office space to scaling businesses, has signed a 10-year lease arrangement to inhabit approximately 24,000 square feet of space spanning two floorings at 5 – 9 Union Sq. W in New York City City.

Knotel was founded in Union Square, at the nearby 33 W. 17th St., but the space at 5-9 will represent its flagship place. The company, which presently runs 20 places throughout Manhattan, 2 in Brooklyn and one on in San Francisco’s Mission Street, plans to expand to 40 areas by 2018.

Newmark Knight Frank represented Knotel as a tenant in its lease, while GFP Property handled lease negotiations internal on the property side. By Diana Bell

Accenture Concerning JBG’s Central Location Development in Rosslyn

Accenture (NYSE: ACN)will join Corporate Executive Board (NYSE: CEB)at the company’s new head office building in Arlington, VA after accepting a lease with The JBG Cos. for 23,180 square feet at CEB Tower. The Dublin, Ireland-based global management consulting and expert services company will take the 24th flooring of the 31-story, 552,781-square-foot office complex being established at 1201 Wilson Blvd. in Rosslyn.

Slated to deliver in January, the CEB Tower is being developed as part of JBG’s Central Place task, a fully-entitled mixed-use advancement situated above the Rosslyn Metro Station. At full build-out, the job will also incorporate a 377-unit multifamily complex and 45,000 square feet of street-level retail space.

Jill Goubeaux, Terry Reiley and Caroline Bour of CBRE represented The JBG Cos. in negotiations. By Gebar Hagos

Axinn Veltrop Restores 23,000-SF Lease in Hartford

Axinn Veltrop, a Connecticut-based law firm, has restored its office lease for 22,823 square feet in the State House Square structure at 90 State House Sq. in Hartford, CT.

. The 14-story building overalls 379,914 square feet. Axinn Veltrop’s lease consists of much of the 9th flooring.

Cammeby’s Management owns the structure and handled the direct deal in-house. By Matthew Hamburger

Meritage Residences Leases 22,000 SF in Houston

Meritage Residences of Texas has rented 22,032 square feet at 3250 Briarpark Dr. in Houston, TX.

The 199,800-square-foot office building was constructed in 1998 within the Reserve at Westchase in west Houston.

Neil Elliott and André Granello of Cresa represented the occupant. David Baker and Jack Scharnberg of Transwestern represented the property manager. By Julian Thompson

Shook, Hardy & & Bacon Relocating Long Time D.C. Workplaces to 1800 K St.

After nearly Twenty Years in Penn Quarter, Kansas City-based law firm Shook, Hardy & & Bacon has reached a deal to transfer its Washington, D.C. workplaces from 1155 F St. to RREEF Management’s just recently renovated Class An office building at 1800 K St. NW.

Shook, Hardy & & Bacon, which opened its D.C. workplaces at 1155 F St. NW in 1999, will occupy 17,174 square feet throughout the 10th floor at 1800 K St. NW when its existing lease ends in 2019.

Scott Frankel, Mark Klug, DJ Callahan and Emily Slingluff of CBRE represented RREEF Management in negotiations. By Daniel Koenigs

Caine Weiner Leases 17,000 SF in Sherman Oaks

Caine & & Weiner, a national accounts receivable management company, leased 17,000 square feet at 5805 Sepulveda Blvd. in Sherman Oaks, CA.

The eight-story building totals 87,418 square feet and was built in 1990. Other tenants include Enterprise Fleet Management and Aflac, Inc.

. Bruce Frasco of Commercial Asset Group (CAG) and Stacy Vierheilig-Fraser of Charles Dunn Business, Inc. represented the proprietor. Ron Wade of CBRE represented the renter. By Lily Mcclure

HCB Health Restores HQ Lease in Austin Centre

Austin-based HCB Health will maintain its downtown head office after the independent health care advertising and marketing firm agreed to a 15,470-square-foot renewal at the Austin Centre.

MB Property represented HCB Health in negotiations, while Edvin Beasley and Scott Deskins of Stream Real estate Partners represented Sidra Property. By April Hawthorne

Office Lease Up (October 16) Dropbox Signs Largest Office Lease in San Francisco History

Wrap-Up of Largest Reported Workplace Leases Include Deals by New York City Dept. of Examination, EDC, Jazz Pharmaceuticals and more

Dropbox has signed a lease for 100 % of the workplace in Kilroy Realty Corp.’s The Exchange on 16th project in an offer that represents the largest single office lease ever checked in San Francisco.

The file hosting service and leading worldwide cooperation platform agreed to a 15-year lease for 736,000 square feet within the 751,242-square-foot, four-building task currently under advancement along the 16th St. corridor in San Francisco’s Mission Bay area. Dropbox will expand into its new space in three phases to begin in the fourth quarter of 2018 and conclude in the 4th quarter of 2019.

Created by Rios Clementi Hale Studios, the LEED Platinum-seeking advancement will consist of 4 interconnected structures, comprised of 2 six-story and two 12-story buildings, with a selection of on-site features to include collaborative outdoor spaces, two public lobbies, rooftop gardens and a lobby bike medspa, in addition to 14,400 square feet of street-level retail space currently readily available for lease. The Exchange is slated to deliver adjacent to I-280 near Muni’s T-Line at 1800 Owens St. in mid-2018.

Costs Cumbelich and Mark Geisreiter of CBRE’s San Francisco workplace, together with Sherman Chan of CBRE’s San Jose office, represented KRC in settlements at The Exchange on 16th. By Bryce Meyers

New York City Dept of Investigation Leases 276,000 SF at Continental Center

The New york city City Department of Investigation signed a 20-year office lease for 276,221 square feet in the office complex

located at 180 Maiden Ln. in New York City. Located on the East River in lower Manhattan, the 41-story Continental Center amounts to approximately 1.2 million square feet in the City’s Financial District submarket. The government firm will occupy the 16th and 24th floorings of the home.

Tara Starcom, Robert Lowe, Justin Royce and Frank Cento of Cushman & & Wakefield, as well as Jesse Rubens, Richard Doolittle and James Tamborlane of MHP Realty Services represented the proprietor. The occupant handled lease negotiations internal. By Alex Ern

EDC Leases 218,000 SF at One Liberty Plz

Economic Development Corporation (EDC), a non-profit corporation that promotes economic development throughout New york city City’s 5 districts, signed a 20-year lease for 218,486 square feet in the office complex at One Liberty Plaza in New york city City.

Previously called the Merrill Lynch & & U.S. Steel Building, the residential or commercial property is 54 stories and totals 2.3 million square feet. EDC’s 20-year lease consists of the whole 10th through 13th floorings of the building. For more than a year, the agency was in search of a new head office space from their present location at 110 William Street.

Neil Goldmacher, Chris Mongeluzo and Howard Kesseler of Newmark Knight Frank (NKF) represented EDC. NKF’s Hal Stein, Peter Shimkin, Nick Berger and David Falk represented the landlord together with in-house brokers Duncan McCuaig, Mikael Nahmias and David McBride with Brookfield Office Characteristic, Inc. By Andrea Quach

Jazz Pharmaceuticals, Stanford University Make Music As soon as Again in Palo Alto

Jazz Pharmaceuticals (NYSE: JAZZ )made a little sound in Palo Alto after the Ireland-based biopharmaceutical company signed a lease with Stanford University to fully inhabit a planned 99,415-square-foot office job set to begin later on this year at 3181 Porter Dr.

Jazz, which consented to a 12-year term with 2 five-year renewal options, is tentatively arranged to take tenancy by the end of 2019.

Mike Connor, David Hiebert and Ben Paul of Cushman & & Wakefield negotiated the lease on behalf of Stanford University, while George Fox of CBRE brokered the deal for Jazz Pharmaceuticals. By Bryce Meyers

PNC Bank Restores 89,000-SF Lease in East Brunswick

PNC Financial Services renewed its lease for 88,914 square feet in 2 Tower Center Blvd. in East Brunswick, NJ.

The 24-story, 404,000-square-foot office building was integrated in 1988 and features a seven-story parking garage, a conference center, health club and a complete snack bar.

Jeremy Neuer of CBRE represented the renter. David Simson of Newmark Knight Frank represented the property manager. By Jordan Schott

Morrison & & Foerster Commits to Akridge’s 2100 L Redevelopment

Akridge, in a joint endeavor with Corporate Office Properties Trust (NYSE: OFC)and the Argus Group, secured its very first tenant at the endeavor’s 2100 L St. job slated to break ground next year near the West End in downtown Washington, D.C.

Morrison & & Foerster LLP consented to a 15-year offer for 81,300 square feet across the leading four floorings of the proposed 10-story, 190,000-square-foot prize office building. The leading worldwide law firm from San Francisco will move its D.C. offices after nearly Twenty Years at 2000 Pennsylvania Ave. NW to its expanded area in the very first quarter of 2021. Malcolm Marshall III and Audrey Cramer of Cushman & Wakefield represented Morrison & Foerster in settlements. Ben Meisel, Wil Pace, Tim McCarty and McKay & Elliott of Akridge are specifically marketing 2100 L St. NW on behalf of ownership. By Randetta Johnson API Signs First Office Lease at 2.2 Million-SF Capitol Crossing Task in Capitol Hill American Petroleum Institute(API)has< a href= "http://gateway.costar.com/home/news/183422?market=40"target

=”_ blank “> consented to open a brand-new workplace at Home Group Partners’2.2 million-square-foot Capitol Crossing development in downtown Washington, D.C. in a deal that marks the very first workplace lease signed at the massive Capitol Hill workplace and retail job. The biggest trade association for the oil and gas industry, API will occupy 74,182 square feet across the leading two floorings at

200 Massachusetts Ave., a 425,420-square-foot, 12-story office building being developed as part of stage among Capitol Crossing. Greg Lubar and Chris Bynum of JLL worked out the lease for API, while Art Santry, Laurie McMahon, Bruce Pascal and Ned

Goodwin of Cushman & Wakefield brokered the offer for Residential or commercial property Group Partners/Capitol Crossing. By Bryce Meyers Very first People Bank Signs 53,000-SF Lease at Pillars II First Citizens Bank has signed a lease for 53,214 square

feet across the top two floors of the Pillars II structure situated at 8510 Colonnade Center Dr. in Raleigh, NC. The largest family-controlled bank in the United States and a banking subsidiary of $31 billion monetary holding business First Citizens BancShares( NASDAQ: FCNCA ), First People Bank will totally occupy the 4th and 5th floorings of the five-story, 126,926-square-foot Pillars II structure, which delivered in 2008 minutes from I-580 in the 6 Forks Falls of Neuse submarket. Dennis Hurley, SIOR and Hillman Duncan, CCIM, SIOR of Cushman

& Wakefield dealt with worked out on behalf of homeowner, Realty & Value Advisors. By Brennan West Noveome Biotherapeutics Indications Long Term Lease Growth Noveome Biotherapeutics protected a long-term lease growth and extension for its head office at 100 Technology Dr. in Pittsburgh, PA. The extension includes 28,400 square feet of office in the 153,110-square-foot Bridgeside Point I office building in

the Parkway East Passage submarket. Alexa Jennings and Nick Jacobs of JLL assisted in the direct lease agreement on behalf of the occupant. By Peter Jaquez Markel Providers

Signs 10-Year Lease Extension at 1185 Sixth International financial investment and insurance holdings firm Markel Services has extended its 27,505-square-foot lease, spanning the entire 8th floor of 1185 Avenue of the Americas in New York City, for 10 more years. SL Green Realty Corp. owns the 42-story, 1.11 million-square-foot, 4-Star workplace tower. It was integrated in 1972 on one acre in the Times Square submarket of Midtown Manhattan, in between 46th and 47th Streets. William Golden of Cushman & Wakefield represented Markel Provider in lease settlements. Howard Tenenbaum and Gary Rosen with SL Green represented the property manager in-house. By Diana Bell Grant Thornton Leases 26,000 SF in Orange County Grant Thornton, a leading worldwide independent audit, tax and advisory company, signed a seven-year lease for 26,319 square feet in the office complex

at 4695 MacArthur Court in Newport Beach, CA. The 16-story office building is owned by the Irvine Company and totals 303,853 square feet. Grant Thornton’s lease consists of the entire 16th floor and part of the 15th flooring at the MacArthur Court Stage 2 Office complex. Cushman & Wakefield’s Dan Fisk and Chon Kantikovit represented the occupant. The property manager dealt with the deal in-house. By Allan Harrington FUDA Int ‘l Restores 19,000-SF Workplace Lease at 525 Seventh FuDa International, a fashion wholesale supplier,

renewed its lease for 19,119 square feet in the office building at 525 Seventh Ave. in New york city City. The 24-story structure overalls 463,818 square feet and was built in 1925. The residential or commercial property is currently owned by Olmstead properties. Marc Schoen and Brian Neugeboren with The Schoen Group represented FuDa. Steven Marvin of Olmstead Residence acted upon behalf of ownership in-house. By Eric Samuels Kleuver & Platt to Open Office in Crain’s Interaction Bldg. Chicago law firm Kleuver & Platt has signed a lease to completely inhabit the 26th floor of the Crain’s Communications Building in Chicago’s East Loop. The 661,477-square-foot, 41-story workplace tower at 150 N. Michigan

Ave. is anchored by Crain Communications and also houses workplaces for Jackson Lewis LLP, ACLU of Illinois and Punchkick Interactive. Kleuver & Platt will occupy its

18,744-square-foot space by the end of November. Cushman & Wakefield’s Matthew Lerner and Mark Baby represented the owner, while Daniel Arends of Colliers International represented the occupant. By Bradford Hussey GameChanger Media Relocating to 44 Wall Street GameChanger Media, Inc., the developer of a scorekeeping app for youth sports groups, has signed a new lease for 16,906 square

feet of office at 44 Wall St. in New york city City. A subsidiary of DICK’S Sporting Product, the technology business will make the move from its existing space at 86 Chambers St. later this month when it takes the whole 11th flooring of its new digs on Wall Street. Haley Fisher and Mitch Arkin of Cushman & Wakefield represented GameChanger in

the lease transaction. By Diana Bell Swiss Electronic devices Maker Takes 15,926 SF at Woodfield Corporate Center One of Europe’s largest semiconductor chip maker has signed a lease to open a new workplace within the Woodfield Corporate Center in Schaumburg, IL. STMicroelectronics

, an international electronics and semiconductor producer locateded in Geneva

, Switzerland, inked a seven-year offer for 15,926 square feet at 200 N. Martingale Rd., a 242,492-square-foot, 12-story office complex situated along I-290 simply south of

the Woodfield Shopping center. The business is anticipated to take occupancy in the very first quarter of 2018. Jordan Rovito of Cushman & Wakefield represented STMicroelectronics in negotiations, while Jack Reardon and Jason Wurtz of NAI Hiffman represented the homeowner, Sperry Commercial. By Yanique Campbell

Las Vegas shooter had looked for long-term lease at Ogden

Image

Steve Marcus An exterior view of the Ogden in downtown Las Vegas Tuesday, Oct. 14, 2014.

Thursday, Oct. 5, 2017|8:30 p.m.

. The Route 91 Harvest Festival shooter began the process of acquiring a long-term rental unit at a downtown high-rise condominium building weeks prior to the Life is Lovely celebration, according to a letter sent to The Ogden residents by its house owners association.

In the letter sent Thursday, it is exposed that an outside property representative showed Stephen Paddock an independently owned unit inside the 21-story property building in September and he later finished a rental application. The real estate agent provided Paddock with an one-year lease arrangement however the shooter never reacted to receiving it. They do unknown why.

It previously has been reported that Paddock leased and stayed in multiple units over several days prior to and during Life is Beautiful, which ran Sept. 22-24 and drew a presence of 137,000 individuals over the 3 days. Sheriff Joe Lombardo stated those units were acquired through Airbnb, a popular web platform that enables people to rent their spaces or entire residences.

The city of Las Vegas plans to crack down on such short-term rentals at the downtown high-rise after reports surfaced of Paddock’s stay.

Stephen Paddock murdered 58 individuals and injured 489 more Sunday evening when he opened fire on a country music festival throughout the street from a 32nd-floor suite at Mandalay Bay.

Las Vegas requires short-term rental operators to acquire an organisation license and special-use license. However, those requirements largely are disregarded or unknown to homeowners.

The city plans to notify condominium owners at The Ogden they are in offense of a city ordinance and provide an opportunity to obtain into compliance. Las Vegas regulation defines at least 660 feet of separation in between short-term rental homes, a requirement with which residents in buildings like the Ogden have actually differed.

Inning accordance with Councilwoman Lois Tarkanian, the city checked out short-term leasings at The Ogden after news emerged of Paddock’s stay. They found a minimum of 20 listings, all unlicensed.

“Maybe more,” Tarkanian said.

Tarkanian has been the most singing among council members about the city requiring stricter regulations and more powerful enforcement of short-term rentals. The majority of the conversation on the subject has actually concentrated on so-called “party homes” that draw in large groups of individuals who interrupt property areas with loud music, drinking, drugs and litter.

However because of speculation that Paddock may have used a short-term rental to scope out a possible massacre in downtown Las Vegas, Tarkanian stated the need for transparency between cities and platforms like Airbnb is that much more pushing.

“Now would it have made a difference? I do not know,” Tarkanian said. “He was so wise in exactly what he was doing.”

Still, Tarkanian thinks it illustrates the point that individuals who live in property structures and areas have a right to understand who is staying beside them.

“They should feel excellent about where they live,” she included.

One Airbnb listing at The Ogden explained itself as “actions away from Fremont Street and yummy container park” and noted that “the terrace opens to ignore some truly cool spots in Vegas.” It was renting for $118 per night on Thursday.

The Ogden stated it presently evaluating its policies on short-term leasings and has engaged legal counsel to help in this effort. The letter notes that it is not the responsibility of the homeowners association to ensure compliance with the city’s short-term rental ordinance.

According to private investigators, Paddock also scheduled a room overlooking Lollapalooza Celebration in Chicago in August and might also have actually searched Fenway Park in Boston.

Office Lease Up (October 2) Amazon Picks Manhattan for 360,000-SF Place at 5 Manhattan West

Weekly Wrap-Up of Largest Reported Workplace Leases Include Offers by NTT Data, Kaplan, DLA Piper and more

Amazon signed a 15-year workplace lease for 360,000 square feet in the 5 Manhattan West developing at 450 W. 33rd St. in

New York City. The recently-renovated Brookfield Residence’ structure stands 16 stories tall amounting to more than 2.15 million square feet. The building is the home of multiple tenants including < a href=" http://www.costar.com/News/Article/Related-News-2/191780"target= “_ blank “> J.P. Morgan Chase, R/GA, Markit Group and Brookfield. Amazon will take the whole 6th and seventh floorings of the tower as well as part of the 8th and the tenth floors in a relocation that is anticipated to bring 2,000 tasks to the Penn Plaza/ Garment District submarket of Manhattan.

The Cushman & & Wakefield team of Bruce Mosler, Josh Kuriloff, Rob Lowe, Ethan Silverstein and Matthias Li, along with Brookfield’s internal leasing team of Jeremiah Larkin, Duncan McCuaig and Alex Liscio, represented the property owner. Derek Trulson, Josh Stuart, Costs Peters and Clay Nielsen of JLL represented the tenant. By Daniel Griffin

Japanese IT Company Signs for 233,000 SF at Dreien Opportunity Partners’ The Campus at Tradition West

Japan-based system integration company and Nippon subsidiary NTT Data has < a href=" http://www.costar.com/News/Article/Japanese-IT-Company-Signs-for-233000-SF-at-Dreien-Opportunity-Partners-The-Campus-at-Legacy-West/194520" target=" _ blank" > agreed to take 232,744 square feet at the School at Tradition West in among the largest workplaces rents signed

in the Dallas market this year. Previously the corporate headquarters school of J.C. Penney, the 1.8 million-square-foot Plano, TX office park is located just northwest of One Tradition West, Gaedeke Group’s 14-story office building where NTT Data currently runs out of the top six floorings.

The business plans to transfer from its 729,017-square-foot, three-story complex at 2300 W. Plano Pky. to the second floor of The School at Legacy West with a move-in date scheduled for Q2 2018.

John Conger and David Quisenberry with Colliers International supplied representation for Dreien Opportunity Partners, while Steve Jarvie with ESRP represented NTT Data. By Timothy Houseal

Kaplan Restores 193,000-SF Lease in Fort Lauderdale

Kaplan, Inc. has renewed its lease totaling 193,000 square feet at the Cypress Creek Concourse buildings situated at 1515 and 1525 W. Cypress Creek Dr. in Fort Lauderdale, FL.

Cypress Creek Concourse is consisted of twin four-story, 96,948-square-foot office complex built in 2002 on 45 acres within the Cypress Creek submarket of Broward County. The tenant, the moms and dad business of Kaplan University, has held its headquarters in the 2 buildings since 2004.

Jeffrey Samaras, Kent Ilhardt, Jeff Holding and Franklin Speyer of Cushman & & Wakefield represented Kaplan, Inc. Richard Gatto of The Alter Group represented the property owner in home. By Heather Sellers

DLA Piper to Preserve 119,000 SF of Office at University Circle in East Palo Alto

DLA Piper has elected to
< a href=" http://www.costar.com/News/Article/DLA-Piper-to-Maintain-119000-SF-of-Office-Space-at-University-Circle-in-East-Palo-Alto/194441" target=" _ blank" > restore all 118,167 square feet of office at University Circle in East Palo Alto, CA for an additional five years.

The London-based international law practice and one of the biggest law office in the United States by earnings agreed to an extension with University Circle owner Columbia Property Trust (NYSE: CXP) that will begin following the expiration of DLA Piper’s existing handle June 2018. The company’s brand-new lease will go through June 2023.

George Fox and Hamilton Southworth of CBRE represented DLA Piper in the renewal settlements. Mike Courson and Howard Dallmar of Newmark Cornish & & Carey represented Columbia Property Trust. By Eric Kies

Harvard University Leases 63,000-SF Cambridge Bldg. for IT Providers Dept.

Harvard University has
< a href=" http://www.costar.com/News/Article/Harvard-University-Leases-61000-SF-Cambridge-Bldg-for-IT-Services-Dept/194589" target=" _ blank” > signed a long-lasting lease with The Bulfinch Cos. to establish its infotech (IT) services department at 784 Memorial Dr. in Cambridge, MA.

The lease is for the whole 63,200-square-foot, four-story building, which was originally built in 1937 and inhabited by Polaroid Corp. before most recently real estate the offices of Infinity Pharmaceuticals.

Located on the banks of the Charles River near I-90, the residential or commercial property has actually been refurbished to service the requirements for more contemporary development.

JLL’s John Osten, Molly Heath and Peter Bekarian represented Harvard University. Michael Wilcox worked out the lease in-house on behalf of Bulfinch. By Douglas Dunbar

SunTrust Bank Indications Renewal, Growth in Atlanta’s Perimeter Center

SunTrust Bank has renewed its existing 48,871-square-foot lease and added an additional 8,486 square feet of space at 211 Perimeter Center Pky. NE in Atlanta.

The American bank holding company, which is locateded close by at the 1.2 million-square-foot, 60-story SunTrust Plaza in downtown Atlanta, chosen to preserve its existing workplaces at the Border Center building, noting its proximity to Marta, present workforce and on-site features.

Kirk Diamond, April Parrish, Erin Smith and Steven Taylor of Cushman & & Wakefield represented SunTrust in negotiations, while Jeff Frantz of JLL represented structure owner, GID Investment Funds. By Stuart Paykel

Selective Insurance coverage Co. of America Extends Lease in Richmond’s The Boulders Office Park

Branchville, NJ-based Selective Insurer of America
extended its 30,113-square-foot lease at 7401 Beaufont Springs Rd. in Richmond, VA.

. Referred to as Boulders VI, the 82,732-square-foot, four-story office complex was built in 1998 as part of the four-building The Boulders office park situated in Richmond’s Midlothian Corridor. Selective Insurance coverage inhabits the whole 4th floor and partial space on the third flooring.

Brian Berkey of Cushman & & Wakefield|Thalhimer represented the tenant. Joseph Caperton and Amanda Tyson of Brandywine represented the owners, a joint endeavor comprised of Brandywine Real estate Trust and OZ Management. By Colton Konvicka

Platts Restores 28,000-SF Lease at Heritage Plaza

S&P Global Platts will continue to fully inhabit the 22nd floor of the 51-story, 1.2 million-square-foot Heritage Plaza in downtown Houston after
< a href=" http://www.costar.com/News/Article/Platts-Renews-28000-SF-Lease-at-Heritage-Plaza/194530" target=” _ blank “> accepting a renewal with property owners, AEW Capital Management and Brookfield Workplace Properties

. The energy and products details and analytics service has actually occupied its 28,560-square-foot area on the 22nd floor since 2012, according to CoStar info.

Clint Bawcom and Jon Dutton from Brookfield Workplace Characteristic represented the owners in-house. By James Saris

Fox Swibel Restores 23,000-SF Lease at 200 W. Madison

Fox Swibel has < a href=" http://www.costar.com/News/Article/Fox-Swibel-Renews-23000-SF-Lease-at-200-W-Madison/194578" target =" _ blank" > completed a 10-year lease extension for the company’s 22,600-square-foot workplaces at 200 W. Madison St. in Chicago’s West Loop.

The shop law firm completely occupies the 30th floor of the 45-story, 1.067 million-square-foot 200 W. Madison tower. Other occupants in the building consist of Sikich, Canon and Barack Ferrazzano Kirschbaum & & Nagelberg LLP.

Cal Wessman, Bill Sheehy and Jon Milonas of CBRE represented Fox Swibel in the extension, while Jeff Dowdell and Katie Steele of Transwestern represented the landlord, Multi-Employer Home Trust. By Christopher Pressley

WCA Waste Corp. Leases Leading Floor in 30-Story 1330 Post Oaks Blvd.

. WCA Waste Management, a Houston- based waste management business, < a href =" http://www.costar.com/News/Article/WCA-Waste-Corp-Leases-Top-Floor-in-30-Story-1330-Post-Oaks-Blvd/194580" target=" _ blank" > rented 19,945 square feet in the office building situated at 1330 Post Oak Blvd in Houston, TX.

The 588,531-square-foot, 30-story tower was constructed in 1983 within 4 Oaks Place and last remodelled in 2006. WCA will totally inhabit the top floor, according to CoStar information.

Dan Boyles and Mike Mannella of NAI Partners represented the occupant, while Eric Anderson and Tyler Garrett of Transwestern represented the property owner. By Julian Thompson

Workplace One to Open 5th Area in Greater Toronto Area

Shop office space company Workplace One < a href= "http://www.costar.com/News/Article/Workplace-One-to-Open-Fifth-Location-in-Greater-Toronto-Area/194604" target= “_ blank “> is broadening in Toronto with a fifth location to overall 19,640 square feet at 77 Bloor St. W in Toronto’s Bloor/Yonge submarket.

The company settled a deal to sublease the sixth flooring within the 20-story, 392,814-square-foot office tower from anchor occupant, TD Canada Trust. The sublease is for 15 years, according to CoStar details.

David Moretti of Colliers International represented Workplace One in this deal, while John Morelli of Morguard represented the sublessor in settlements. By Nadia Mohamed

Leading Lobbying Company KP Public Affairs Moving to U.S. Bank Tower

KP Public Affairs has settled a deal that will see the largest lobbying firm in Sacramento move its workplaces from 1201 K St. to the United States Bank Tower at 621 Capitol Shopping mall.

A law firm that represents California’s leaders in business and innovation, KP signed a 10-year deal for 16,258 square feet on the 19th flooring of the 25-story, 366,821-square-foot office complex. The company is slated to take occupancy of its new space in the first quarter of 2018.

Tony Whittaker, Amy DeAngelis and Lisa Stanley of CBRE represented the property manager, while Greg Levi of JLL represented KP Public Affairs. By Steve Wells

Covenir Picks The Guaranty Bldg. in Downtown Worcester for New Workplace

Covenir, a Chicago-based company that supports insurance companies in numerous backroom functions,
signed a brand-new lease for 15,475 square feet in the Warranty Structure at 370 Main St. in downtown Worcester, MA.

The 12-story Guaranty Structure amounts to 193,932 square feet near I-290, the MBTA0Worcester & & union station and Amtrak-Worcester station in the Worcester Metro submarket. Covenir will move into the 5th flooring next quarter, joining such tenants as TD Bank and Fletcher Tilton PC in the building.

Donald Mancini, SIOR, CCIM, James Umphrey and Drew Higgins of Kelleher & & Sadowsky Associates represented the property owner. Arlon I. Brown, SIOR of SVN Parsons Commercial Group Boston represented Covenir. By Allison Quinn-Redding

Albertsons to Sell, Lease Back 71 US Stores for $720 Million

Albertsons Cos. has actually entered into a contract to offer and rent back 71 of its stores to a Delaware-based limited-liability entity in a transaction planned to raise up to $720 million.

C.F. Albert LLC will buy the residential or commercial properties and lease each one back for a preliminary term of Twenty Years, with Albertsons booking 8 alternatives for five-year lease renewals, inning accordance with a filing by Albertsons with the U.S. Securities and Exchange Commission.

The business anticipates the sale-leaseback of the homes, subject to traditional closing conditions, will nearby Dec. 2.

The filing does not consist of a list of the properties associated with the sale leaseback contract, but lists 15 different selling entities connected with a series of big food and pharmacy chains, including Safeway, Jewel, Randall’s, Vons, Dominick’s and Wildcat.

Sales-leasebacks have in current years been a popular car for grocery chains and other holders of net-lease residential or commercial properties to monetize their owned-store portfolios.

In 2010, Cole Credit Residential or commercial property Trust III Inc. acquired Albertson’s interest in 33 retail residential or commercial properties comprising 1.9 million square feet throughout the United States for $276 million.

Workplace Lease Up (September 25) Facebook Takes 436,000 SF in San Francisco'' s Largest Office Lease Considering that 2014

Weekly Wrap-Up of Largest Reported Office Leases Include Deals by Ally Financial, Alexion Pharmaceuticals, AQR, Fox TELEVISION Stations and more

Facebook, Inc. has leased all 436,000 square feet of office at designer Jay Paul’s 181 Fremont St., a 70-story workplace tower under construction in downtown San Francisco across from the Transbay Transit Center.

The social networks giant rented the space for about $80 per square foot and will occupy the entire workplace part of the 802-foot-tall building, situated less than a block from Salesforce Tower, the city’s highest skyscraper.

The lease, which was initially reported by the San Francisco Business Times, is Facebook’s first significant lease in San Francisco and can accommodate up to 3,000 employees. The Menlo Park, CA-based business has hunted the San Francisco market for a number of years searching for a location to assist relieve commutes for workers who reside in the city.

JLL’s Zé Figueirinhas represented Facebook in the offer, while Karl Baldauf and Lauren Whitlock of Newmark Cornish & & Carey represented the designer Jay Paul. By Randyl Drummer

Ally Financial to Integrate Operations in New Charlotte Workplace Tower

Crescent Communities will start building early next year on a long-planned, 26-story workplace tower at 601 S. Tryon St. in Charlotte after signing Ally Financial Inc. (NYSE:
ALLY) to a lease covering roughly 400,000 square feet in the proposed building. The contract will allow Ally to combine its Charlotte-area operations and approximately 1,700 location

workers within the 742,000-square-foot office building set to deliver in early 2021. The Detroit-based monetary services business presently rents 3 different office locations in Charlotte’s Uptown, Ballantyne and SouthPark locations. The brand-new workplace task, to be renamed Ally Charlotte Center, will be found in the Stonewall Passage, an area south of the city that has recently experienced fast development with a number of new residential and business advancement tasks. JLL brokers bookended both ends of the deal with Chase Monroe and Chris Schaaf representing Ally Financial and Charley Leavitt and Barry Fabyan representing Crescent Communities in the lease settlements. By CoStar News Personnel Alexion Pharmaceuticals ‘150,000-SF HQ Lease Brings 121 Seaport Job to Complete Occupancy A second major workplace lease at Skanska’s 421,320-square-foot, 17-story workplace high-rise slated to provide early next year at 121 Seaport Blvd. in Boston’s Seaport

District has actually brought the elliptical-shaped tower to full occupancy. Alexion Pharmaceuticals
settled an offer that will see the global biopharmaceutical relocate its corporate offices from New Haven, CT to 150,000 square feet across the 3rd through 8th floorings of 121 Seaport start in June 2018. William Anderson and David Martel of Newmark Knight Frank represented Skanska in settlements, while John Boyle and William Foley of Cushman & Wakefield represented Alexion Pharmaceuticals in the deal.

By Allison Quinn-Redding AQR Leases 86,000 SF in Greenwich AQR, an international financial investment management company, has signed a lease for 86,117 square feet in the office complex at 1 Greenwich Plz in Greenwich, CT. . The four-story office building amounts to 180,464 square feet in the Greenwich Plaza business park.

The residential or commercial property delivered in 1969. Other renters consist of Aristeia Capital LLC and JD Capital Management LLC. Ed Tonnessen of JLL represented the proprietor, Albert B. Ashforth, Inc. By Matthew Hamburger Fox Television Stations

Moving Studios, Workplaces to Downtown Bethesda Fox Tv Stations relayed some news of its own after divulging the media group will move from northwest Washington, D.C. to Carr Characteristic’ 937,000-square-foot mixed-use advancement being built at 7272 Wisconsin Ave. in downtown Bethesda, MD. Fox, will move approximately 200 staff members to 7272 Wisconsin where the organization will construct out 57,500 square feet of news studio, newsroom and office space. The media group expects to move into its brand-new space in June 2021. Washington, D.C.-based Carr Properties paid$ 105.5 million to the American Society of Health-System Pharmacists (ASHP) last May to acquire the former Apex Building with the intent to redevelop the 164,119-square-foot, four-story office complex into a 9370,000-square-foot mixed-use complex to include workplace, residential and retail area. The office component is slated to begin in the very first quarter of 2018. By Bryce Meyers Medifast Leases 51,000 SF at Legg Mason Tower for New Business Head office Medifast will have a brand-new corporate headquarters by year-end after the leading producer and supplier of medically proven healthy living items and programs settled a deal to inhabit 51,000 square feet at Legg Mason Tower in downtown Baltimore’s Inner Harbor. Medifast, which has actually run in Baltimore City for nearly 40 years, will shift more than 160 staff members from its existing offices in Owings Mill, MD to the 17th and 18th floorings within the 24-story, 613,006-square-foot Legg Mason Tower over the coming months. The business, which will keep its manufacturing center and related personnel in Owings Mill, anticipates to complete its move by the end of the year. Legg Mason Tower was built in 2009 as part of the Harbor East advancement that includes the Four Seasons Hotel and Residences and a 1,150-car, five-story parking structure. The structure acts as the global headquarters for Legg Mason, as well as houses offices for OneMain Financial Group, Johns Hopkins and RSM McGladrey LLP, among others. By Jeanine Kaminski WeWork Picks The Workplaces at Clearfork for First Fort Worth Area WeWork, the quickly expanding co-working and shared office provider headquartered out of New York City, has signed a lease for its very first location in Fort Worth, TX. The company will establish 44,000 square feet of co-working workplace at 5049 Edwards Ranch Rd., a brand-new 80,891-square-foot, four-story office building completed this previous January within the Offices at Clearfork in southwest Fort Worth. WeWork plans to relocate January 2018. Cannon Camp with JLL represented the landlord, Cassco Development, in negotiations. By Jeannie Reamer State of California Leases 43,311 SF in Sacramento The State of California leased 43,311 square feet of area at 2251 Harvard St. in Sacramento, CA. Referred to as Building 2, the property at 2251
Harvard St. delivered in 1988 as part of the Harvard Park Corporate Center in Sacramento’s Point West area. The government company is expected to move in during the first quarter of 2018. Tom Heacox and Kirk Lange of Newmark Cornish & Carey represented the

property manager, Basin Street Residences, in this new offer. By Felicia Weinstein BCG Finalizes 40,000-SF Offer at 100 Peachtree for Site of New Business Providers Center The Boston Consulting Group( BCG )has chosen 100 Peachtree in downtown Atlanta for the site of its brand-new organisation services center. The international management consulting company disclosed back in June it had picked Atlanta for the future site of a brand-new workplace- its 3rd in the city -which would create more than 200 additional tasks in Atlanta with the potential to spawn more than 500 jobs over the company’s lease term. After performing a citywide search, BCG would pick 100 Peachtree, noting its main place and access to a varied labor force. Scott DeMyer, C. Deming Fish and Reeves Henritze of Collier International, in cooperation with internal agents Mark Vollbrecht and David R.B. Anderson, managed settlements on behalf of Zeller Realty

Group, while Mark Vollbrecht and David E.B. Anderson of Avison Young brokered the lease for BCG. By Brian Martin Zoom Communications Takes 30,502 SF in Denver Zoom Communications, a remote conferencing providers headquartered in San Jose, has signed a 30,502-square foot
lease at 7601 Technology Way in Denver. The seven-story, 203,492-square-foot office building was constructed in 1999 in the Denver Tech Center. Zoom will occupy the third flooring, joining Jackson National Life Insurance coverage in the building. Lee Diamond of CBRE represented the renter, while Douglas Wulf and Dan

Miller of Cushman & Wakefield represented the property manager. By Raul Lozoya Duff & Phelps Leases 28,000 SF in Morristown Duff & Phelps, an independent consultant, signed a 10-year office lease for 27,922 square feet in the Headquarters Plaza East Tower workplace & structure at 2 Speedwell Ave. in Morristown, NJ. The 12-story building totals 181,500 square feet and was built in 1982. Richard Mirliss of Colliers International represented the renter. Robert Donnelly, Jr. and Ben Breneer of Cushman & Wakefield represented the

property owner. By Ladi Sanu SL Green Indications Two Lease Amendments at Graybar Bldg.

Prominent litigation defense company Litchfield Cavo LLP has actually restored its 18,275-square-foot lease and expanded into an & additional 8,346 square feet in the Graybar Structure at 420 Lexington Ave. in New york city City, bringing its overall occupancy
there
to 26,639 square feet through 2027. In a different deal, the Home entertainment Software application Association has extended its lease term through 2022 while relocating within the building to a 10,774-square-foot space. Adam Weissleder led the internal leasing team at SL Green in both transactions. Michael Burlant of Cushman & Wakefield represented Litchfield Cavo, and Michael Morris of Newmark Knight Frank represented Entertainment Software in lease settlements. By Justin Sumner Chicago Housing Authority

to Set Up Shop in Big Red. The Chicago Housing Authority rented 26,179 square feet at 333 S. Wabash Ave. in downtown Chicago. The organization is expected to occupy its area in late 2019. The governmental agency known for developing neighborhoods throughout the Chicago area will occupy six full floorings in the 1.2 million-square-foot, 45-story East Loop tower known as Big Red, which for the last 45 years has functioned as the head office of CNA Financial (NYSE: CNA ). Jon Cordell and William Rolander of Newmark Knight Frank represented the proprietor in protecting the offer. By Derek Babb Textio Preleases 22,000 SF at Seattle’s Madison Centre. Textio preleased 22,400 square feet of office onthe 23rd

floor of the in-development Madison Centre office building at 505 Madison St. in Seattle, WA. Scheduled for completion later on this year, the 36-story, 764,000-square-foot office complex is situated in Seattle’s CBD submarket. Oscar Oliveira and Damon McCartney of Broderick Group, Inc. represented the proprietor. Brian Hayden of Flinn Ferguson Corporate RE represented Textio. By Elizabeth Davis Industrious Leases 20,000 SF in Madison. Industrious, a co-working office company,< a href=http://

” http://www.costar.com/News/Article/Industrious-Leases-20000-SF-in-Madison/194226″ target=” _ blank” > signed a lease for 20,000 square feet in the office building at 25 W. Main St. in

Madison, WI.

The eight-story structure overalls 198,000 square feet and
was built in 1963. The office building is currently under remodelling and anticipated to be completed by

completion of this fall. Industrious will occupy the entire fifth floor, signing up with other occupants in the building consist of Old National Bank and Stroud Willink & Howard. Chase Brieman and Gretchen Lins of CBRE represented Industrious. Mark Binkowski with Urban Land Interests represented the property owner in-house. By Stephanie Vega Outerstuff Leases 16,000 SF in Clark

. Outerstuff LTD, a designer and manufacturer of kids’s sports clothing,< a href=" http://www.costar.com/News/Article/Outerstuff-Leases-16000-SF-in-Clark/194306" target

=” _ blank” > signed a 10-year lease for 16,000 square feet in the office complex situated at 60 Walnut Ave. in Clark, NJ. The four-story structure totals 46,000 square feet. The property was provided in 1986 and features conference centers

and a fitness center. With the most recent offer, an expansion for Outerstuff within the structure, the asset is now fully rented. David Zimmel of Zimmel Associates represented the proprietor, TAK Real estate and Financial investment LLC. By Sahara Gross Arizona Mining Signs 15,000-SF Lease in Tucson.

Arizona Mining has leased 14,500 square feet at the Fort Lowell Professional Workplaces building situated at 2210 E. Fort Lowell Rd. in Tucson, AZ. The 14,500-square-foot single occupant office complex was constructed in 2006 on a 40,000-square-foot lot in the Central Tucson submarket of Pima County. Rick Kleiner of Cushman & Wakefield

| Picor represented the proprietor. Isaac Figueroa, also with Cushman & Wakefield|Picor, represented the occupant. By James Young Sensiba San Filippo Restores

Lease in San Jose’s City & Plaza. Accounting and service advisory company Sensiba San Filippo has & renewed its lease for 12,611 square feet on the fourth floor of 181 Metro Plaza, a 130,562-square-foot, seven-story office complex situated within the City Plaza workplace park in San Jose. Dion Campisi and Mark Triska of Colliers International, together with Mike Copeland of Cushman & Wakefield, represented the tenant. Susan Gregory, Mike Rosendin and Sean Toomey of Colliers International represented the owner, Hudson Pacific Properties. By Nick Bell Bio Haven Pharmaceuticals Leases 11,000 SF in New Sanctuary. Bio Sanctuary & Pharmaceuticals, a clinical-stage biopharmaceutical company, signed a 10-year lease for 11,008 square

feet in the office building at 215 Church St. in New Haven, CT. Frank Micali of Netz
USA LLC/ Capitalize 360 Group LLC represented the proprietor in-house. By Matthew Hamburger

Facebook Takes 436,000 SF in San Francisco'' s Largest Workplace Lease Considering that 2014

Social network Giant Moving Instagram App Unit into New Building Under Building by Jay Paul at 181 Fremont

Facebook, Inc. has rented all 436,000 square feet of workplace at developer Jay Paul’s 181 Fremont St., a 70-story workplace tower under building in downtown San Francisco throughout from the Transbay Transit Center.

The social media giant rented the space for about $80 per square foot and will occupy the entire workplace part of the 802-foot-tall structure, situated less than a block from Salesforce Tower, the city’s tallest skyscraper.

The lease, which was initially reported by the San Francisco Organisation Times, is Facebook’s first major lease in San Francisco and can accommodate as much as 3,000 staff members. The Menlo Park, CA-based business has scouted the mSan Francisco market for a number of years searching for a location to assist reduce commutes for staff members who reside in the city.

Facebook’s Instagram picture app department will initially to move into the structure, slated for conclusion by the end of this year. Last month the business exposed plans for a corporate school in the 56-acre Menlo Science & & Technology Park near its current head office, which it acquired in 2015.

JLL’s Zé Figueirinhas represented Facebook in the deal while Karl Baldauf and Lauren Whitlock of Newmark Cornish & & Carey represented the designer Jay Paul.

Licensed Research study Expert Eric Kies added to this report.