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