Tag Archives: leases

Facebook Leases WeWork'' s Largest Outpost

Social Networking Company to Occupy Nearly All of 450,000-SF Workplaces in Mountain View

Facebook is taking control of all what amounts to WeWork’s largest single coworking area– a mixed-use development in Mountain View, CA.

The social networking giant signed a deal with the coworking operator to occupy all of the office at the 450,000-square-foot project at 391 and 401 San Antonio Rd., a WeWork spokesman confirmed Friday. Facebook had actually rented half of the area in April, and chose to remove the rest of it recently as the firm continues to grow.

WeWork’s coworking organisation model runs by renting workplace directly from a property manager then subleasing that exact same office to entrepreneurs and companies while keeping and running the facilities.

WeWork signed its offer for at the two-building Mountain View property, owned by San Francisco designer Merlone Geier Partners, in 2015. It took control of for Microsoft-owned LinkedIn, which had actually prepared to inhabit the complex.

The office complex were constructed by Merlone as part of a larger mixed-use advancement that includes homes, shops and restaurants.

WeWork prepares to create a public typical area on the ground floor of among the structures that will consist of a food hall in addition to a multimedia, experiential and home entertainment part that has yet to be figured out, the company stated.

The offer, reported earlier by the Silicon Valley Organisation Journal, is a substantial relocation by Facebook that has actually been growing at a rapid clip. The company has actually rented more than 3 million square feet in recent months among San Francisco, Fremont and Sunnyvale, CA.

Associated News: Facebook Out Leasing Co-Working Firms as Part of Bay Location GrowthJUNE 19, 2018|KATERINA CHEOK

The two-building residential or commercial property is not far from Facebook’s Menlo Park headquarters campus, where nearby it is looking for approval for growth strategies that consist of Frank Gehry-designed structures and 1,500 apartment or condos and 125,000 square feet of shops and restaurant space.

It’s also a significant deal for WeWork, which has actually been looking for to expand exactly what it calls its “enterprise” business with larger business companies looking for office space.

The company promotes its flexible lease terms, office management skills and sufficient facilities as a few of the reasons why it’s more attractive than doing a direct lease with a property manager.

The business gets about 25 percent of its profits growth from corporate renters, a spokesman stated.

The terms of Facebook’s deal were not divulged but the business is anticipated to occupy the area for a number of years.

Even if Facebook vacates quicker, WeWork plans to continue to operate the buildings as a more typical WeWork coworking environment, available to people and groups, the representative verified.

Which Companies Bring the Highest Worth in Leases for United States Workplace and Industrial Property?

Analysis of Top 1,000 US Leaseholders Representing $135 Billion in Lease Worth Verifies Rapid Ascent and Influence of Tech Tenants, Significance of Govt. Occupiers to CRE Landlords

The leading 1,000 business, government and institutional occupiers in the U.S. hold leases worth an aggregated rent value of more than $135 billion, incorporating just over 8.4 billion square feet of office, commercial and flex space across about 115,500 residential or commercial properties, according to a recent analysis of CoStar Group renter data.

The study ranks occupiers by the current worth of rents paid throughout their U.S. real estate portfolios in CoStar’s database. Total rent worth was computed by multiplying the space inhabited by occupants in each structure by the approximated rent value per home in the United States and supplying a total lease worth for each occupier across markets.

Of the top 1,000. Amazon.com had the highest overall lease value relative to its occupied square video footage, with an overall $1.34 billion in lease value across 352 U.S. properties amounting to more than 130 million square feet of industrial, office and flex area. Amazon controls big blocks of office in Manhattan, San Francisco and its headquarters city of Seattle, to name a few markets.

The high dollar worth of the web merchant’s lease responsibilities can be credited to its robust absorption of workplace recently, along with its growing network of hundreds of satisfaction, customer service and other circulation centers. For purposes of the study, which did not include retail properties, Amazon has likewise expanded its property footprint with the non-grocery properties in its June acquisition of Austin-based Whole Foods Market, Inc. Amazon occupancy makes sure to grow even larger in coming years with the awaited statement of the website for its proposed $5 billion HQ2 corporate headquarters school, which will have capacity for 50,000 employees and 8 million square feet.

The web seller’s ask for propositions (RFP) statement set off arguably the biggest financial advancement and organisation tourist attraction scramble in modern-day corporate history last summer season, with Amazon exposing that it received propositions from 238 cities and areas throughout 54 states, provinces, and regional or local jurisdictions throughout The United States and Canada. Rumors are swirling that Amazon will quickly reveal the short list of contenders or even the winning city.

Story continues listed below …

The research study was directed by CoStar Senior Research Director Corey Durant, Senior Citizen Vice President of Innovation Jason Butler and Elder VP of Global Research Lisa Ruggles. CoStar’s analytics group contributed information on the approximated lease value per residential or commercial property for U.S. workplace, commercial and flex properties.

Durant stated the outcomes were eye opening and in some cases, surprising.

“The variety of banks and tech companies amongst the largest rent payers was exposing,” Durant said. “Who would have thought the Department of Justice would have the fourth-highest lease value among the 1,000 biggest tenants? Amazon, Apple, Google and Microsoft were all near the leading as one m ight expect. Nevertheless, DeVita Health Care, with its network of dialysis treatment centers stood out as a guaranteed riser at # 22,” Durant added.

Other significant findings in the research study consisted of the high lease value contributed by federal government agencies and other state, regional and local jurisdictions. Of the top 25 occupiers in total rent worth, the U.S. Department of Justice ranked just behind Wells Fargo at # 4, representing total lease worth of $822 million in more than 850 facilities totaling 24.5 million square feet.

After Amazon, the # 2 and # 3 areas are held by two of the nation’s largest banks, Wells Fargo & & Co. and Bank of America Corp. Other financial institutions in the top 25 include JPMorgan Chase & & Co., Morgan Stanley & & Co. LLC, Citigroup, and the U.S. Treasury Department which inhabits almost 300 properties for an overall of almost 13.5 million square feet with a rent value of about $347 million, ranking # 22 among the top 1,000 occupiers.

State Farm Mutual Car Insurance Co. had the largest variety of properties among the top 1,000 occupiers, 9,654 residential or commercial properties amounting to 25.6 million square feet, and total rent value of simply under $500 million, ranking # 10 in the top 1,000 with rent worth of about $498.6 million.

Tech business were strongly represented among the lease worth leaders, with their workplaces and other facilities concentrated in the priciest submarkets of top entrance metros with the country’s highest average office rental rates such as Manhattan, San Francisco, Silicon Valley, Boston, Los Angeles and Seattle.

Alphabet, Inc., the international corporation formed in a 2015 corporate restructuring of Mountain View, CA-based Google and the world’s second-largest internet company by profits behind Amazon, ranked # 9 in lease worth with its almost 12.5 million square feet of occupied space. Other tech companies with fast-growing footprints such as computing and software rivals Microsoft Corp. and Apple Inc. were also in the leading 25.

Other data points of note in the study included the following:

Shared-office area leaders Regus and WeWork ranked # 10 and # 26, respectively in rent worth. Regus spaces have a lease value of $501.6 million in 13.7 million square feet at about 560 properties. New york city City based WeWork, which supplies shared workspaces, tech startup subculture neighborhoods and services for entrepreneurs, freelancers and small companies, manages almost 6 million square feet of U.S. office space at nearly 100 places. The business established in 2010 has among the fastest-growing evaluations in American business history at more than $20 billion.
Telecommunications giants AT&T, Inc. and Verizon Communications, Inc. ranked # 7 and # 16, respectively in lease value.
Federal firms led by the Justice Department (# 4), US General Solutions Administration (# 7), U.S. Department of Homeland Security (# 15), Social Security Administration (# 22), Treasury Department (# 24) held 20% of the top 25 occupiers, with Health & & Human Providers bubbling under at # 26.
Only American manufacturers, Boeing Co. (# 14) and Ford Motor Co. (# 18), made the leading 25.

Office Lease Up (May 8) Auto Club Leases 150,000-SF Spec Office Bldg in Tampa'' s Renaissance Center

Weekly Wrap-Up of Largest Reported Workplace Leases Include: San Andreas Regional Center, Washington Gas, Cotiviti, TimePayment and more

Vision Characteristic has < a href=" http://www.costar.com/News/Article/Auto-Club-Leases-150000-SF-Spec-Office-Bldg-in-Tampas-Renaissance-Center/190796" target=" _ blank” > signed a long-lasting lease with Automobile Club Group to occupy a low-rise office building at Renaissance Center, which broke ground less than 4 months earlier at 8733 Henderson Road in Tampa, FL.

Renaissance Center 6, scheduled for delivery in April 2018, will work as the Florida local headquarters for Vehicle Club Group, the second-largest American Car Association (AAA) affiliate in The United States and Canada. New Jersey-based Vision Residences up-sized the task from 111,600 square feet to 150,000 square feet and from three to four floorings to fulfill the occupant’s requirement.

Vision Characteristic was represented in house by William Bertolero and Anthony Arena. Rick Pifer and Tony Sorgi of Plante Moran Cresa; and James Garvey and KC Tenukas of Cushman & & Wakefield, represented the Car Club Group.

Itasca Building Associates is functioning as the general contractor and Horton Harley and Carter is acting as the architect. By Randyl Drummer

Westell Tech Extends HQ Lease in Aurora

Westell Technologies, a supplier of high-performance wireless facilities solutions, will continue to totally occupy the 92,063-square-foot building at 750 N. Commons Dr. in Aurora, IL after agreeing to < a href=" http://www.costar.com/News/Article/Westell-Tech-Extends-HQ-Lease-in-Aurora/190649" target="_

blank” > extend its head office lease. The 92,063-square-foot, single-story home was built in 1996 on 16.37 acres near the Metra-Route 59 station and just northwest of the 1.4 million-square-foot Fox Valley Shopping mall in rural Chicago’s I-88 West Industrial submarket. Westell has actually inhabited the building, which features a gym and outdoor lounge, given that 1998.

Brian Kling, Francis Prock and David Florent of Colliers International represented the property manager, W.P. Carey, in negotiations. By Enid Guerrero

Azusa Pacific Leases 48,000 SF at Mission Center Workplace Park

Azusa Pacific University has signed a lease growth and extension totaling 48,000 square feet in the Mission Center Workplace Park at 5333-5353 Mission Center Rd. in San Diego, CA.

The college will continue to run its San Diego local campus at the three-building, 183,692-square-foot office park located in the Mission Valley submarket, with immediate access to the SR-163 and I-8 Freeways in addition to the Mission Valley Center Light Rail Station with connections to Amtrak and the Coaster commuter train.

Greg Nassir and Scott Kincaid with CBRE represented Azusa Pacific. Richard Gonor, Tony Russell and Brandt Riedman with JLL represented Kearny Real Estate in lease negotiations. By Justin Sumner

The NRP Group Relocating Head Workplaces to The Halle Bldg. in Downtown Cleveland

The NRP Group is moving its corporate headquarters to downtown Cleveland

The property developer, professional and residential or commercial property manager reached a deal < a href="http://// www.costar.com/news/Article.aspx?id=47D2EF01AABDDF6080E9C338B389CBA5%3E" target=" _ blank" > to occupy 41,307 square feet in the historical Halle Building, signing a 10-year lease that will see the company shift its head workplaces from Garfield Heights.

Slated to move by year-end, NRP’s expanded office lies on the fourth floor of the 11-story, 409,000-square-foot office complex and will accommodate 200 workers.

Adam Gimbel of Allegro Realty Advisors represented The NRP Group. Dyann Davison of Davison & & Co. represented K&D Real Estate Providers. By Prescott Woolley

VNTG House Leases 26,000 SF in Cleveland.

Vintage Furnishings, a retailer of classic furniture, < a href=" http://www.costar.com/News/Article/VNTG-Home-Leases-26000-SF-in-Cleveland/190684" target=" _ blank” > signed a five-year lease for 26,000 square feet at 1427 E. 36th St. in Cleveland, OH. Graystone Residences took ownership of the home in 2008, inning accordance with public record.

The four-story building totals 120,000 square feet in Tyler Park. VNTG Home’s lease includes 26,000 square feet on the 2nd floor. Other occupants consist of New Growth Group and Open Doors Academy.

Both parties utilized in-house representation. By Kasey Silvia

Bunker Hill Neighborhood College Leases 25,000 SF in Chelsea

Bunker Hill Neighborhood College signed a lease for 25,000 square feet in the office complex at 70 Everett Ave. in Chelsea, MA.

The five-story building overalls 91,000 square feet. The residential or commercial property is managed by Simboli Properties.

Greg Klemmer, Tim Brodigan and Dan Driscoll of Colliers International represented Simboli Characteristic. By Shana Callahan

Verimatrix Leases 21,000 SF in San Diego

Verimatrix, a global leader in revenue security for linked video devices,
Station Square signed a lease for 21,200 square feet in the office building at 5897 Oberlin Dr. in San Diego, CA.

This is the first building to lease from 3 newly-renovated buildings renovated by Bixby Land Company, collectively called The Oberlin.

Mike Hoeck and Ryan Eglin of CBRE represented the property manager. David Marino of Hughes Marino represented Verimatrix. By Nathan Wilson

ValidaTek Leases 18,000 SF in McLean

ValidaTek, an IT service analyst and operations company,
signed an 11-year lease for 18,346 square feet in the office complex at 1660 International Dr. in McLean, VA.

. The nine-story structure totals 233,982 square feet and was integrated in 1999. It lies in Tyson’s Corner straight throughout from Tysons II Galleria and the Ritz-Carlton Hotel.

Scott Goldberg and Ike Nwadibia of Cushman & & Wakefield represented the property manager, while Paul Carney of Colliers International represented ValidaTek. By Michael Harvey

Centre Technologies Takes 18,073 SF in Houston

Centre Technologies
rented 18,073 square feet in the office building at 16801 Greenspoint Park in Houston

, TX. Built in 1980, the three-story structure totals 92,277 square feet within the three-building Intercontinental Office Park in Houston’s Greenspoint/N Belt West submarket.

Gary Lawless of Cresa Houston represented the occupant. Virgil Hydes and Brandon Brooks of Lincoln Property Co. represented the property owner, JCR Capital Partners. By Ernest Rodriguez

Ernst & & Young Shifts SLC Office to Gateway Tower West

London-based expert services firm Ernst & & Young (EY)
signed a lease to shift its Salt Lake City office to 14,500 square feet at 15 W. South Temple on a five-year offer.

EY will inhabit space on the 18th flooring of the 19-story high-rise, which amounts to 278,501 square feet within the Entrance Tower West office complex at the corner of W. South Temple and S. Main St. in the city’s central enterprise zone.

Bruce Lyman of Utah Property Management Associates represented ownership in negotiations. By Luis Armendariz

Workplace Lease Up (May 1) Capital One Leases 330,000 SF in Wilmington Debt consolidation

Weekly Wrap-Up of Largest Reported Workplace Leases Include: San Andreas Regional Center, Washington Gas, Cotiviti, TimePayment and more

Financial services corporation Capital One has signed a new 10-year lease expansion for 90,000 square feet in the office complex at 800 Delaware Ave. in Wilmington, DE and restored its current 240,000-square-foot area at the nearby 802 Delaware Ave. through 2027.

The business, which just recently acquired Wilmington, DE-based financial services companies HSBC and INGDirect, will combine offices from a number of area buildings as its new area is renovated and built out. By Danielle Sigamoni

San Andreas Regional Leases 73,000 SF in South San Jose

San Andreas Regional Center
< a href =" http://www.costar.com/News/Article/San-Andreas-Regional-Leases-73000-SF-in-South-San-Jose/190594" target=" _ blank" > leased 73,610 square feet at 6203 San Ignacio Ave. in

San Jose. The 116,779-square-foot, three-story office building has immediate access to Highways 85 and 101 in south San Jose.

Walt Stephenson and Erik Hallgrimson of Cushman & & Wakefield represented building owner Swift Real Estate Partners in settlements. By Eric Kies

Washington Gas Transferring Headquarters to $2 Billion Wharf Waterfront Development in SW D.C.

Washington Gas Light Co. has agreed to a 16-year lease that will see the general public energy holding company and WGL Holdings subsidiary transfer its home office to 70,063 square feet at the $2 billion The Wharf advancement on Southwest Washington, D.C.’s waterfront.

For nearly 15 years, Washington Gas has actually been locateded in 158,000 square feet at 101 Constitution Ave. NW. With the brand-new lease, the business will move its head offices to the whole sixth and seventh floors and a part of the eighth flooring of 1000 Maine Ave. SW, a 267,560-square-foot, 11-story trophy office complex set up to deliver in the middle of next year. The brand-new workplace is scheduled to open next summer and hold nearly 200 workers.

1000 Maine is being developed by Madison Marquette and PN Hoffman within the endeavor’s mile-long Wharf development that at full build-out will include more than three million square feet of residential, workplace, hotel, retail, cultural and public space along the Potomac River.

Elizabeth Cooper of JLL represented Washington Gas. Brian Dawson, Amy Bowser, and Trip Howell of JLL represented the property managers. By Sean Freeman

Cotiviti Reaches Offer at Columbia Home Trust’s One Glenlake Tower

Cotiviti Healthcare has
signed a lease to transfer its Central Border workplaces to 66,000 square feet at One Glenlake, a 352,710-square-foot, 14-story office tower owned by Columbia Home Trust (NYSE: < a href

=” https://www.nyse.com/quote/XNYS:CXP” target =” _ blank “> CXP ). Finished in early 2002, One Glenlake lies near the Abernathy Rd./ GA-400 interchange and the brand-new U.S headquarters of Mercedes Benz at 1 Glenlake Pky. NE.

Jeff Bellamy and Liz Koteles of JLL dealt with negotiations on behalf of CXP. By Jace Gregory

TimePayment Expands Burlington Headquarters

TimePayment, an equipment lease financing services provider and subsidiary of MicroFinancial Inc.,
completed an offer to restore and expand its headquarters lease at 1600 District Ave. in Burlington, MA to 45,000 square feet. This is a 70% increase in square footage from the company’s current occupancy.

The three-story, 60,844 square-foot, Class An office building was built in 1978 off I-95 between the Lahey Hospital & & Medical Center and the Burlington Mall in suburban Boston’s Burlington/Woburn submarket. The building lies in The District Burlington, a development that functions 1.1 million square feet of work area and 30,000 square feet of retail area.

The Cushman & & Wakefield group of Brian Hines and Blake Baldwin represented TimePayment in settlements, while Michael O’Leary, John Boyle and Liz McLaughlin, also of Cushman & & Wakefield, represented ownership, a joint endeavor comprised of AEW, National Development and Charles River Advisors. By Jeff Johnson

Glossier Grabs 26,000 SF at One Soho Square East

Glossier, a beauty products business,
signed an 11-year workplace lease for 26,079 square feet in the One SoHo Square East building at 161 Avenue of the Americas in New york city City.

The 16-story building totals 360,000 square feet and was constructed 1903 before starting extensive remodellings at the end of 2016 along with the nearby 233 Spring St. (aka One Soho Square West) in the Hudson Square submarket.

Brian Waterman, Brent Ozarowski, Andrew Peretz and David Malawer of NGKF represented the property manager. Sinclair Li and Daniel Wilpon of CBRE represented the tenant. By Andrea Quach

Sibling’s Media Group Takes 24,669 SF in Southside Jacksonville

Bro’s Media Group has
signed a lease to open a brand-new workplace within the Concourse workplace park in Jacksonville’s Southside. The media company will inhabit 24,669 square feet on the top flooring at Concourse III, a four-story, 96,000-square-foot office building located at 5200 Belfort Rd.

. Daniel Burkhardt and Patrick Thornton of NAI Hallmark Partners represented ownership in the deal. By Monique Heckman

Y Media Labs Indications Offer at Shorebreeze II in Redwood City

Y Media Labs, a locally-based mobile app development company,
reached an offer with building owner Hudson Pacific Residence to rent 20,219 square feet at Shorebreeze II in Redwood City, CA

. Found at 255 Coastline Dr., the home totals 115,623 square feet over 7 stories nearby to the Hotel Sofitel along the waterside of a man-made lagoon.

Craig Kalinowski, Graham Woodall and Matt Winters of Newmark Cornish & & Carey represented Hudson Pacific Residences. By Eric Kies

Oracle Expanding Footprint in Oakland

Oracle Corp. (NYSE:
ORCL) reached a six-year offer with TMG Partners to inhabit 16,000 square feet at 1330 Broadway in downtown Oakland. The Redwood Shores, CA-based computer system technology corporation will inhabit the 17th

floor of the 18-story, 325,000-square-foot workplace tower completed in 1958 as part of the Oakland Town hall. John Dolby and Dane Hooks of Cushman & Wakefield in Oakland represented TMG Partners in negotiations. By Linawati Collier & AgentOwned Real estate Renews Lease in Summerville AgentOwned Realty Premier Group, a realty brokerage, home mortgage and title company, restored and customized
lease for 14,800 square feet in the workplace and retail building at 141 N. Main St. in Summerville, SC. The two-story structure totals 14,800 square feet and is a mix of office and retail space. The residential or commercial property was constructed in 1998 and is owned by Greenwave Residence LLC. Following the renewal, Representative Owned Real estate will inhabit the whole building. Robert Pratt of RE/MAX Pro Realty represented the tenant and the proprietor, as principal. By Edward Osowski CMHA Leases 14,000 SF at Parallel

Centre The Canadian Mental Health Association has< a href=" http://www.costar.com/News/Article/CMHA-Leases-14000-SF-at-Parallel-Centre/190477" target=

” _ blank” > signed a 10-year workplace lease for 14,064 square feet in the Parallel Centre office complex at 1040 7th Ave. SW in Calgary, AB. The six-story office building amounts to 80,641 square feet in the West End submarket. CMHA will sign up with other occupants like GEOS Languages Plus Calgary and Whaler Industrial Contracting, Inc.

. Eric Horne and Chris Tudda with Avison Young represented the property manager, Strategic Group. Lori King and Jeff Thomson of CORE Commercial Realty represented the tenant in lease negotiations.

By Jordan Klein-MacNeil Mayo Center Inks Handle Jacksonville’s Windsor Parke Mayo Clinic, a nonprofit medical practice and medical research study group headquartered in Rochester, MN,< a href= "http://www.costar.com/News/Article/Mayo-Clinic-Inks-Deal-in-Jacksonvilles-Windsor-Parke/190628 "target
=” _ blank” > signed a lease for 12,280 square feet at 13901 Sutton Park Dr. S in Jacksonville,
FL. The three-story structure overalls 65,000 square feet within Windsor Parke, a 325,000-square-foot, four-building workplace school located near the Mayo Center Health center and the university of North Florida in the Southside submarket of Jacksonville. Charles Young of Steinemann Management Co. brokered the lease on behalf of the owner, Steinemann & Co. By Monique Heckman Waypoint Residential Signs 12,000-SF Workplace Lease at River Plaza Waypoint Residential & has signed a brand-new workplace lease for 11,505 square feet in the River Plaza office complex at 9 W. Broad St. in Stamford, CT. The vertically-integrated property investment firm concentrating on multifamily homes will take occupancy of its space late in the second quarter of 2017 following the property owner’s conclusion of TI construct out for its area, encompassing practically half of the eighth flooring. Christian Bangert and Cory Gubner with RHYS specifically represent the property manager in renting efforts at the structure.

Edward Tonnessen with JLL represented the tenant in lease settlements. By Justin Sumner Kid’s National Medical Center Leases 10,521 SF in Annapolis D.C.-based Children’s National Medical Center rented 10,521 square feet in the Tate Structure at 1730 West St. in Annapolis, MD.

. The two-story, 31,596-square-foot office building was constructed in 2014. Children’s National Medical Center will open on the very first flooring area on September 1, 2017. The moving was triggered by a growth of the healthcare firm’s specialized care services.

Justin Mullen of MacKenzie Commercial Realty Solutions represented the property manager, and Matt Coursen of JLL represented the renter. By Devin Jones

ConAgra Moving HQ from Omaha to Chicago, Leases 168,000 SF in Vornado'' s Merchandise Mart

Food Processing Business to Shift 700 Employees to River North Intricate Start in Summer season 2016

Omaha-based ConAgra Foods (NYSE: CAG) will certainly transfer its head office from Omaha to Chicago where it signed a lease in one of the largest office buildings in the united state

. The maker of Slim Jim, Chef Boyardee and other packaged food signed a 15-year lease for 168,000 square feet in theMart, a four million-square-foot complex formerly referred to as the Product Mart possessed by Vornado Realty Trust.

ConAgra will move around 700 workers to the River North location beginning in summer 2016. The business prepares to keep approximately 1,200 staff members, including those in research & & development and supply chain management, in Omaha.

“Locating our headquarters and our biggest business sector in Chicago places us in the heart of one of the world’s business capitals and customer packaged products centers, improving our ability to bring in and maintain leading skill with a focus on brand building and development,” said Sean Connolly, president and CEO of ConAgra Foods.

ConAgra just recently disclosed restructuring strategies consisting of 1,500 task cuts. The company has preserved operations in the Chicago location, renting 150,000 square feet of area within the Naperville Workplace Park in Naperville considering that 2004. The company prepares to close that place and move the majority of those 400 workers to its new downtown area.

“We are making difficult, but needed, decisions to boost productivity, drive standardization and enhance flexibility to deliver improved success,” added Connolly.

ConAgra will join Yelp, Motorola, Discovery Chicago, MSL Group and Razorfish as an occupant at the Vornado-owned theMart, which is so big that up until 2008 had its own postal code. The relocation was stimulated by Illinois Governor Bruce Rauner, who approved tax credit rewards for the business.

Leasing at the Product Mart is handled by Andrea Saewitz, Wendy Katz and Chris McKinney of Cushman & & Wakefield – J.F. McKinney & & Associates.

Workplace Lease Up (Sept. 28) Moody'' s Leases 75,000 SF at One World Trade Center

The current Largest Workplace Offers also Include: MetLife, Quorum Health, Textainer and more

Moody’s Investor Solutions, a credit rating and research study company for the monetary services market, signed a long-term lease for 75,312 square feet at 1 World Trade Center in New york city, NY. Moody’s will certainly inhabit the entire 56th and 57th floors in the structure.

The 104-story office tower completes 3.04 million square feet of 5-Star workplace worldwide Trade Center submarket. The Port Authority of New York and New Jersey and the Durst Organization co-developed the structure, which officially opened in November 2014.

Other tenants at 1WTC include Conde Nast Publications, the General Services Administration, and High 5 Games.

This will be second building at the World Trade Center where Moody’s has offices. The company also rents about 680,000 square feet at 7 World Trade Center.

Tara Stacom, Alan Stein, Justin Royce and James Searl of Cushman & & Wakefield partnered with Jodi Pulice at JRT Realty Group and Eric Engelhardt and Karen Kuznick with the Durst Organization in standing for the property owner. John Cefaly and Gus Field of Cushman & & Wakefield stood for Moody’s. By Jordan Boyd

Quorum Health Preleases 39,000 SF in Brentwood

Quorum Health Corp, a sequel company of Neighborhood Health Systems, has actually signed a 10-year lease for 39,333 square feet in Building B of the Mallory Park advancement at 1573 Mallory Park Lane in Brentwood, TN, to act as its headquarters.

The single-story workplace structure is among 4 being developed by Southeast Venture at this place. The 39,333-square-foot building is projected to provide in the first quarter of 2016. Michael Finucane and JC Darby with Southeast Endeavor LLC stood for the property manager in-house. By Kimberly Walker

Northwest Healthcare Associates Leases 27,000 SF

The Northwest Health Care Associates signed for a brand-new 27,000-square-foot build-to-suit at 2359 Hassell Rd. in Hoffman Estates, IL. The multi-specialty healthcare service provider will move from the close-by St. Alexius Medical Center as soon as construction is full.

The new advancement is part of the Blackberry Falls Office School, currently under construction and anticipated to deliver in the 2nd quarter of next year.

Executive direct of Northwest Healthcare Associates Terri Kraft said “moving off the St. Alexius campus offers us the chance to keep our total costs similar to existing levels, while creating a custom-designed area that accommodates the requirements of our doctors and patients, all within close proximity to the medical facility.”

Al Lindeman of Sperry Van Ness stood for the property manager in arrangements. By Eric Mitchell

Textainer Stays in San Francisco

Textainer, which leases intermodal containers, has actually signed a renewal for 23,192 square feet in the workplace building at 650 California St. in San Francisco.

The 33-story, Class A developing totals 478,392 square feet in the monetary district. Columbia Home Trust bought the building in 2014 from Tishman Speyer, according to CoStar details. Textainer’s lease is on the 15th and 16th floors. Other occupants in the building include SparkCentral and Credit Suisse.

Scott Nykodym and Conor Famulener of CBRE stood for Textainer. Zach Siegel, JD Lumpkin and Sam Wasserstein of Cushman & & Wakefield stood for Columbia Building Trust. By John Walz

MetLife Leases 22,458 SF in Dallas

MetLife rented 22,458 square feet in 2 Galleria, the 431,718 square-foot, Class A workplace structure situated at 13455 Noel Rd. in Dallas. Hines established 2 Galleria in 1985 in Dallas’ East LBJ Highway submarket.

Chris Lipscomb with Colliers International represented the property owner in the transaction. By Ben Harris

Workplace Lease Up (Sept. 7) Netflix Signs Two Leases Taking 442,500 SF

The most recent Largest Office Offers likewise Include: Alnylam Pharmaceuticals, Brock Group, Company Voice, EnteroMedics, Fullerton Engineering, Gener8, Great Basin Scientific, IBM, MabVax, Splunk and a lot more

Netflix, an on-demand Web streaming media supplier, will substantially broaden its head office in Los Gatos after agreeing to lease an added 242,500 square feet in two buildings presently in development in The Grove at Los Gatos on Albright Way.

Building for the two structures is arranged to begin later on this year and conclude year-end 2016. Building 3 is a 105,000-square-foot, three-story structure, while Structure 4 steps 137,500 square feet over 4 stories.

In addition to the expansion in Los Gatos, Netflix has actually leased 200,052 square feet at the ICON workplace tower in advancement at 5808 W. Sundown Blvd. in L.a. The building is slated to deliver December 2016.

Steve Horton, Brandon Bain and Kelly Yoder of DTZ represented The Sobrato Organization in the Los Gatos offer, while Jeffrey Black of CBRE represented Netflix.By Enid Guerrero Netflix Preleases 200,000 SF at Icon Tower in Hollywood Netflix, the world’s leading internet TELEVISION and streaming video company, has actually contracted with Hudson Pacific Characteristic Inc. to rent 200,052 square feet at the ICON workplace tower presently increasing at 5808 W. Sunset Blvd. in Los Angeles, CA. The 14-story, 323,273-square-foot workplace structure is under construction with architect Gensler Architecture Design & Planning, within the Sunset Bronson Studios school in the Hollywood/ Silver Lake submarket & of Los Angeles County. The lease will certainly commence on December 1, 2016 in combination with the set up shipment date. Netflix currently has more than 65 million subscribers in more than 50 nations. Hudson Pacific Characteristic is concentrated on obtaining, establishing and running state-of-the-art media and entertainment properties in West Coastline markets. Blake Mirkin, Robert Waller, Christine Spinale, Patrick Amos, and Daniel Rainer with CBRE represented the landlord.By Raul Lozoya Splunk

Leases 233,100 SF in San Jose’s Santana Row Splunk, a software business for analytics, rented 233,100 square feet at 500 Santana Row in San Jose. The building is still under building and the business prepares to move

into the building sometime in 2016. The company’s brand-new research study and office center is in a prime location in the South Bay. This new space will certainly be an addition to Splunk’s headquarters in San Francisco. Todd Shaffer and Tracey

Solari of Newmark Cornish & Carey represented the proprietor. Armand Tiano, also of Newmark Cornish & Carey, represented Splunk.By Enid Guerrero IBM Subleases 160,000 SF in Cambridge IBM(NYSE:

IBM), a multinational technology and consulting corporation that manufactures hardware, will develop a presence at Alexandria at Kendall
Square after reaching an offer to sublease 160,000 square

feet from Cambridge-based pharmaceutical company, Ariad Pharmaceuticals. The business will inhabit the leading 2 floors at 75-125 Binney St., a 395,000-square-foot, five-story workplace building finished this previous May in Boston’s E Cambridge/Kendall Square submarket. Ted Lyon and Joseph Fallon with DTZ represented the sublessor, Ariad, in negotiations.By Ryan Stambaugh Uniforms Direct Leases 53,000 SF at Tower 101 Uniforms Direct has actually rented 52,683 square feet for its home office in the Tower 101 office structure at 101 NE 3rd Ave. in Fort Lauderdale, FL. The offer marks the largest office lease this year in the Downtown Fort Lauderdale submarket, according to JLL, which keeps in mind the downtown office tenancy rate has actually climbed from 79 % to 93 % over the previous 12 months alone. The company of quality uniforms and scrubs will be relocating from Ranch, FL in early 2016, when 200 staff members will certainly take tenancy of the entire penthouse and 20th floors in addition to half of the

19th and 16th floors there. Tower 101 is a 21-story, 177,599-square-foot, 4-Star building constructed in 2001 on two-thirds of an acre in Broward County, north of Broward Blvd. and surrounding to the Federal Courthouse in the city’s CBD. Uniforms Direct will certainly anchor the structure, signing up with occupants like Kemet Corp., Greater Fort Lauderdale Convention & Visitors Bureau, the City of Fort Lauderdale, and Benefit Opco LLC. Banyan Street Capital obtained the

asset in July 2012 for$28.7 million, according to CoStar information. The owners finished a common-area restoration in 2014 at this tower and the surrounding 101 Centre workplace structure, which totals 50,205 square feet over six floors. Alice Lucia Jackson and Brady Titcomb with JLL represented the landlord in lease negotiations. Matthew Cheezem and Zach Wendelin at Cresa represented the renter.

“We continue to see a market shift as renters transfer from the suburbs to Downtown Fort Lauderdale. The relocation of Uniforms Direct’s headquarters will have a positive influence on downtown’s job rate, set to drop to 12.7 %, “noted Titcomb, talking about the continued change of Downtown Fort Lauderdale and its positive effect on the office market.”Among the factors drawing tenants to Fort Lauderdale’s urban core is the live-work-play environment materializing, making it more attractive for occupants and including features like cafes and dining establishments. “By Justin Sumner Loandepot.com Broadens to 50,000 SF in Scottsdale Loandepot.com, a loan underwriting and mortgage banking company, signed a long-lasting lease for about 49,787 square feet in the workplace structure at 14000 N. Pima Rd. in Scottsdale, AZ. The three-story building totals 144,959 square feet and was constructed in 2002. Loandepot.com’s lease includes the very first and 3rd floor. Other occupants leasing space in the building include Bridge2 Solutions and Pegasus. John Gillespie of Newport Commercial Realty Advisors represented the renter. Tim Whittemore and Chris Nord of Cushman & Wakefield represented the proprietor, ASB Capital Management LLC.By Patrick Ashton Alnylam Pharmaceuticals Leases 48,599 SF in Cambridge Approximately six months after signing a deal for 23,350 square feet, Alnylam Pharmaceuticals currently expanded its footprint at 101 Main St. in Cambridge, accepting a lease for an additional 48,599 square feet at the 18-story high-rise. Built in 1983, 101 Main completes 341,830 square feet within the Riverfront

Workplace Park in the E. Cambridge/Kendall Square submarket of Boston. Other tenants in the building include Amazon and CIC. David Townsend of Cushman & Wakefield represented the landlord, Deutsche Bank AG, while Transwestern RBJ represented

the tenant.By Fran Koerner iCIMS Indicators Long-Term Lease at Metro Park South
I. iCIMS, a leader in candidate tracking and HR software, has actually signed a long-term lease for 47,750 square feet at 100 Matawan Rd. in Matawan, NJ. The occupant will anchor Metro Park South I, the 132,000-square-foot facility that was recently remodelled and includes an atrium, veranda, and on-site management. David Zimmel of Zimmel Associates Inc. represented the proprietor, Denholtz Associates. Joseph Sarno of CBRE represented the tenant.By Timothy Stuart The Brock Group Indications Lease in Houston. The Brock Group, a leading industrial specialized providers, signed a lease for 38,240 square feet at 4440 SH 225 in
Houston, TX. The

two-story building totals 78,000 square feet in the Deerwood Glen Business Park. The building was finished the very first quarter of 2015. The Brock Group will occupy the whole second floor, which leaves about 21,000 square feet

readily available for lease on the first floor. Walker Barnett and Gary Mabray of Colliers International represented the property owner, while Bryant Lach, Mark O’Donnell and Derrell Curry of Savills

Studley represented the tenant.By Chaka Baker Republic Services Leases 35,000 SF. Republic Solutions, the second biggest non-hazardous waste management business
in the U.S., leased 35,034 square feet at the Desert Ridge Corporate
Center Phase II workplace structure at 20830 N. Tatum Blvd. in Phoenix, AZ. The 137,225-square-foot workplace building is located on a 6.2-acre parcel in the Paradise Valley submarket of Maricopa County. Expense Blake, Andrew Cheney, Craig Coppola, and Gregg Kafka of Lee & Associates represented the proprietor, Ryan Companies United States Inc. Gary Gregg, Mike Gordon, and Eric Walker with Cresa represented the tenant.By Matt Mendoza Company Voice Indications Renewal, Expansion at Harvest Point. Business Voice, a full-service incoming and outgoing contact center, has signed a seven-year lease renewal and expansion completing 34,525 square feet at 930 Harvest Dr. in Blue Bell, PA. Harvest Point is an 118,706-square-foot workplace building within the 475,000-square-foot Union Satisfying Corporate Center office complex in Montgomery County. Built in 1991, the structure was granted Energy Star labels in 2010 and 2011. Company Voice renewed its very first

floor space of 16,473 square feet and broadened into an added 18,052 square feet on the third floor. Thomas Hansen of Hansen Properties represented the renter. Patrick Nowlan and Taylor King of Newmark Grubb Knight Frank represented the property manager, Balashine Properties.By Fall George Fullerton Engineering To Transfer Corporate HQs. Fullerton Engineering Consultants
Inc. signed a

lease for 31,924 square feet at 1100 E. Woodfield
Rd., also called 2 Woodfield Lake. The structure belongs to the 103-acre Woodfield Lake Office Park in Schaumburg, IL. Fullerton will certainly move its home office to the new place in December

2015. Pittsburgh-based McKnight Realty Partners obtained the five-story, 240,880-square-foot structure in 2004. Fullerton will occupy the fifth floor and have access to three separate personal balconies ignoring the lake. Expense Saviski and Mark Smith

of CBRE represented the proprietor in the transaction, while Wayne Shulman of Newmark Grubb Knight Frank represented Fullerton.By Adam Bush CareFirst BlueCross BlueShield

Expanding into 29,000 SF. CareFirst BlueCross BlueShield signed

a lease to broaden into 29,397 square feet on the fourth floor at 1250 Maryland Ave. SW in Washington, D.C. The health care insurer currently occupies 133,562 square feet within the 495,900-square-foot, eight-story building, which delivered in 1992 within The Websites workplace park. In addition to the growth, CareFirst extended its whole lease through December 2025.

Other tenants in the structure include the FAA and the FCC. Callie Clemons and Mark Sullivan of DTZ represented the property owner in the transaction, while Philip Leibow and

Alex Lassar of JLL represented CareFirst.By Adam Kosna EnteroMedics Extends in Minnesota for 3 More Years. EnteroMedics Inc. changed its lease with Roseville Characteristic Management Co. The deal extends the term for 3 years until Sept. 30, 2018, and sets the base rent for each of the 3 years. Under the Lease Change the company likewise has the right to restore the lease for one three-year term. EnteroMedics has actually been leasing the 28,388 square feet of space at the property at 2800 Patton Roadway in Roseville, Minnesota because October 2008. By Mark Heschmeyer Gener8 Maritime Renews 28,000-SF Lease at UBS Bldg. Gener8 Maritime Inc., an international seaborne petroleum transportation services provider, signed a 10-year lease renewal for 28,326 square feet in the UBS Structure at 299 Park Ave. in New York, NY. The 42-story, 1.17 million-square-foot, 5-Star workplace structure was originally built in 1967 in the Plaza District submarket of Manhattan, between 48th and 49th Streets. Gener8 Maritime’s lease includes the entire second floor in the building, likewise home to numerous occupants consisting of GE Capital, Capital One Services, and American Securities Capital Partners. Glenn Isaacson and Jared Isaacson of CBRE represented the occupant. Marc Packman and Jessica Kanfer of Fisher Brothers Management Co. represented the landlord in-house. By Michael Hess Carpathia Hosting Subleases 25,024 SF in Dulles. Carpathia Hosting, a relied on supplier of compliant hybrid cloud computing services, has subleased 25,024

square feet of office at The Corporate Office Park @ Dulles Town Center, at 21000 Atlantic Blvd. in Dulles, VA. Carpathia originally leased 15,400 square feet at this location in 2010 for its head office, but the business is being acquired by QTS Real estate Trust and is now in requirement of more space. QTS Real estate Trust, a prominent national carrier of data center solutions and totally handled services, is acquiring Carpathia to develop one integrated infrastructure services powerhouse. DTZ’s Paul Darr and Alex Hancock represented the sublessor in the deal.By Walt Brown Aqua Metals Leases New Executive Offices. Aqua Metals Inc. entered into a lease agreement with an affiliate of Brookfield Property Group for 21,697 square feet of workplace and industrial area in a multi-building commercial job at 1010 Atlantic Ave., Suite 100, known as Marina Village in Alameda, California. Aqua Metals consolidated its current executive workplaces and engineering in the Marina Town facility

. It likewise means to assemble and deliver its AquaRefining modules from the facility

. The lease term is 76 months ending December 31, 2021. It has one option to extend the lease for five years.By Mark Heschmeyer Great Basin Scientific Adds Another Location in Salt Lake
City. Terrific Basin Scientific Inc. became part of a workplace lease with Bay Pacific East South Temple LLC to rent 19,500 square feet of office at 420 E. South Temple, Suite 520, in Salt Lake City, UT for use as its new executive offices and

labs. The lease commences later this month and terminates 65 months later. Nevertheless, 6,088 square feet of the space is on a month-to-month lease. The business presently leases

33,000 square feet of workplace and manufacturing area at 2441 South 3850 West in Salt Lake City, through April 30, 2016. It will continue to utilize that area for manufacturing space.By Mark Heschmeyer Wireless Zone Leases 18,000 SF in Rocky Hillside. Wireless Zone rented 18,328 square feet at the I-91 Tech Park Bldg 5, at 795 Brook St. in Rocky Hill.

Occupancy is scheduled for October. The single-story, 33,350-square-foot workplace structure was constructed in 1989 in the Rocky Hillside submarket of Hartford. Wireless Zone is the biggest independent Verizon Wireless franchise in America, offering the latest in cellular phones, devices, and service. Robert Kelly of Cushman & Wakefield Inc. represented the property manager, MKS

Tech Park LLC.By Cindi Nowak TriColor Auto Group Leases 17,310 SF at 1111 Tower. TriColor Auto Group, a Dallas-based secondhand car dealership, signed a lease for 17,310 square feet in the 1111 Tower structure at 1111 W. Mockingbird Ln. in Dallas. TriColor is a series of made use of vehicle dealerships, with areas in Dallas, Houston, Austin, San Antonio, and Oklahoma City. By November 2015, the company will certainly occupy the whole top floor of the 268,742-square-foot Class An office structure, which was fully renovated in 2013. 1111 Tower is presently 40.6 % vacant, with the entire 4th-6th, 9th, and 14th floors presently offered for lease with Paladin Partners. The home was already 65 % uninhabited when it sold to the current owners, Ricchi Investments, in 2012, according to CoStar details. Ben Appleby, Russell Podraza and Travis Moore with Paladin Partners manage renting on the home, and represented the property manager, Ricchi Investments, in the offer. Cribb Altman and Billy Gannon, with Cushman & Wakefield of Texas Inc., represented TriColor.By Ben Harris Clarus Marketing Group Leases 17,000 SF in Rocky Hill. Clarus Marketing Group LLC has signed
a brand-new lease for 17,272 square feet at 500 Business Dr. in Rocky Hillside,

CT. The renter will take tenancy of the area in fall 2015. The four-story, 302,000-square-foot, 4-Star office structure was built in 1988 on 32.7 acres in the Rocky Hillside submarket of Hartford. Robert Kelly of Cushman & Wakefield Inc. represented the landlord.By Dina Thomas MabVax Signs for New Corporate HQs. MabVax Rehab Holdings Inc. entered into a lease with AGP Sorrento Business Complex LP for 14,971 square feet of office and

laboratory space in buildings at 11535-Sorrento Valley Road, Suite 400, in San Diego to work as the business’s business offices and labs. The lease will certainly commence when the premises are ready for tenancy, presently anticipated to be Nov. 1, 2015. The lease terminates 6 years after later on. MabVax has an option to extend for a single, five-year period.By Mark Heschmeyer Chesapeake Regional Hospital Takes 13,279 SF. Chesapeake Regional Medical facility Authority, a unified healthcare system, rented 13,279 square feet in the workplace building at 600 Independence Pky. in Chesapeake, VA. The 97,359-square-foot building, constructed in 1998,

is known as the Chubb Life Building. The Health center Authority’s lease inhabits part of the second floor of the structure. Wesley Edwards of JLL represented the property owner, while Christine Kaempfe of Cushman & Wakefield|Thalhimer represented the Chesapeake Regional Healthcare facility Authority.By Cooper Stevenson Rate Center for Girls Restores 13,000-SF Lease. Speed Center for Girls, a Florida-based non-profit organization, restored its lease for 13,132 square feet in the workplace structure at 445 N. Wymore Rd. in Winter Park, FL. The & 13,132-square-foot building was built in 1969. It can be seen from I-4 and is in between Lee Road and Fairbanks Ave. Lee Zerivitz of City Commercial represented the landlord, Clayton Structure II LLC.By Lauren Ashleigh Ayler Ambarella Extends, Expands in Santa Clara. Ambarella Corp. changed its lease with DPF Jay Owner LLC to handle

another 11,668 square feet of office space at its current center at 3101 Jay St. in Santa Clara, California.

Ambarella anticipates taking possession of the expansion area in the first half
of 2016. The regard to the lease, for both the existing office space in addition to the expansion space, will be extended by 24 months and will end on May 31, 2020. By Mark Heschmeyer

Workplace Lease Up (July 20) Tableau Leases 210,000 SF in Seattle

Recently’s Largest Leases Signed Include: American Psychiatric Assn, Carbylan, Concentrix, DialAmerica, Flexion Rehabs, Franklin Templeton, Jaguar, KeyBank, Mark Paneth, Sigma Cubed, Stratus Tech, Xcel Brands and more

Tableau, a maker of data visualization software, signed an 11-year lease for all 210,000 square feet in the NorthEdge building under renovation at 3301 Densmore Ave N. in Seattle. Under its lease arrangement, the company has the option to extend for two 7-year durations.

The four-story structure is just north of Seattle’s Gasworks Park. Touchstone Corp. is developing the apartment expected to be completed in May 2016, according to CoStar information. Greg Inglin of Colliers International represented Tableau. By Phillip Weisburd

Stratus Technologies Indications 102,321 SF Lease

Stratus Technologies signed a 102,321-square-foot lease at Mill & & Main in Maynard, MA. The contract is the largest lease checked in the 495 West submarket this year.

Stratus Technologies, a company of accessibility solutions for information technology facilities, is expected to relocate from its current location at 111 Powder Mill Rd. in Maynard to its brand-new area in March 2016.

Under brand-new ownership, the 1.1 million-square-foot task is currently undergoing a rearranging effort to transform the equipment into a mixed-use complex with ground-floor retail, common spaces, a riverside boardwalk and a future brew pub.

Cushman & & Wakefield executive vice president J.R. McDonald, executive vice president Mike Frisoli and director Matt Morgan represented the proprietor, a joint venture of Saracen Characteristics and Artemis Real Estate Partners. Executive handling director Robert Emden, senior handling director Drew Nelson and handling director Troy Coady of Newmark Grubb Knight Frank represented the tenant. By Mark Heschmeyer

Hunton & & Williams indicators 88,000-SF Lease Extension in Dallas

Hunton & & Williams, a major business law practice, has actually signed a long-lasting, 88,000-square-foot lease extension at Fountain Place, a Dallas workplace tower possessed by Goddard Effort Group.

One of the most recognizable buildings in Dallas, the 58-story, green-glass tower lies within the Dallas Arts District. Johnny Johnson and Lauren Napper of DTZ represented the landlord and Larry Toon, Elizabeth Cooper, Jeremy McGowan and Brad Selner of JLL represented the occupant. By Mark Heschmeyer

APA Leases 63,000 SF to Become First Office Renter in New Waterside Advancement

The American Psychiatric Association (APA), the world’s biggest psychiatric company, will certainly occupy 63,000 square feet of Class A office space at 800 Maine Ave. SW in Washington, DC. APA ends up being the very first workplace renter to dedicate to The Wharf, a largescale, mixed-use waterside neighborhood under the instructions of master developer Hoffman-Madison Waterfront.

The APA, currently at 1000 Wilson Blvd. in Arlington, Va., signed a 10-year lease and is anticipated to take occupancy between Nov. 1, 2017, and January 1, 2018. The association has more than 200 workers at its Arlington headquarters. The relocate to the Wharf represents a go back to the District for the APA, which previously had its head office on K Street.

The APA was represented by Sherry Cushman of Cushman Wakefield (in combination with Mark Teitelbaum with CBRE). The Wharf was represented by Brian Dawson of Cushman & & Wakefield. By Mark Heschmeyer

Concentrix Corp. Restores 55,000 SF with Glenfield Capital

Concentrix Corp. signed a renewal at 3975 Information Dr. in Norcross, GA, to remain in 55,047 square feet for an extra 7 years. The tech company solutions provider initially moved into the structure in July 2012.

The 78,635-square-foot, single-story structure was built in 1997 within Spalding Triangle, a Northeast Atlanta workplace park acquired by Glenfield Capital in March 2014. Clint Glover of CBRE represented Glenfield Capital in in the renewal. By Max Williams

Tax Defense Network Leases 52,000 SF in Jacksonville

Tax Defense Network signed a lease to inhabit 52,014 square feet on the leading 2 floors at 9000 Southside Blvd. in Jacksonville, FL.

The ten-story office, Class A workplace building was built in 1990 within the Bank of America workplace park in Jacksonville’s Butler/Baymeadows submarket. Referred to as Structure 100, the property procedures 264,520 square feet and consists of a concierge, conference facility, daycare, dry cleaner and restaurant.

Chuck Diebel, Robert Selton and Preston Phillips of Colliers International Northeast Florida represented the property manager in arrangements, while Oliver Barakat of CBRE represented the renter. The occupant is expected to take occupancy in mid-December. By LaTonya Tilghman

DialAmerica Calls Up Sublease Project at Riverpoint

DialAmerica Marketing Inc. signed a long-term sublease at Riverpoint at 3100 E. Broadway Road in Phoenix. The deal is for a brand-new DialAmerica call center in the Valley.

DialAmerica, headquartered in Mahwah, NJ, will occupy 50,267 square feet of office at Riverpoint Building No. 2. Larry Downey, vice chairman|Tenant Advisory Group with Cushman & & Wakefield of Arizona represented DialAmerica. The sublessor, the University of Phoenix, was represented by John Bonnell, Brett Abramson and Matt Hersh of JLL. By Mark Heschmeyer

KeyBank to Keep Offices in Downtown Albany

By restoring its lease in the 12-story building at 66 South Pearl St, KeyBank will certainly continue serving its Albany customers from the location, albeit in smaller sized footprint.

KeyBank previously inhabited 120,000 square feet in the building however under the brand-new lease, the bank will certainly consolidate into 41,000 square feet. In spite of minimizing the amount of space the bank occupies, the fact that it is keeping a substantial presence in downtown Albany is considered a favorable sign amongst market brokers.

In spite of the decreased footprint, KeyBank will keep its title of being the biggest bank in the Albany region. By Lewis Sloan

Pannell Kerr Forster Extends 32,000-SF San Felipe Plaza Lease

Pannell Kerr Forster of Texas will continue to be at San Felipe Plaza after consenting to a 32,708-square-foot renewal in the west Houston high-rise.

The 46-story, 980,472-square-foot office building was built in 1984 at 5847 San Felipe St. in the West Loop Corridor. The Skidmore, Owings & & Merrill-designed building has actually earned an Energy Star label every year considering that 2009 and, in 2015, earned LEED accreditation at the Silver level.

Eric Siegrist and JP Hutcheson of DTZ represented the property owner, Parkway Features. Dan Bellow and Beau Bellow of JLL represented the renter. By Darvun Carter

Xcel Brands Subleases Area at 3 Herald Square

Xcel Brands Inc. participated in a sublease with GBG UNITED STATE Inc., for 29,566 rentable square feet comprising the whole 10th floor of 1333 Broadway in New york city. The sublease will certainly start Jan. 1, 2016, and expire Oct. 30, 2027. The sublease is subject to the consent of the property manager, Empire State Real estate Trust. By Mark HeschmeyerMark Paneth Leases 20,000 SF in Purchase

Accounting firm Marks Paneth signed a long-term lease for 19,939 square feet in the office structure at 4 Manhattanville Road in Purchase, NY.

The four-story building totals 244,012 square feet in the Centre at Purchase office park. Related Characteristics Corp. developed the equipment, which is had by George Comfort & & Sons. The tenant will certainly take tenancy of area on the fourth floor in early 2016.

Al Gutierrez, Michael Cohen, and Andy Roos of Colliers International represented the renter. Stephen Lender and Hilarie Siles with Newmark Grubb Knight Frank represented the proprietor. By Dominique Thompson

Jaguar Takes Space at The Marine Bldg.

. Jaguar Land Wanderer rented 19,000 square feet of office at The Marine Bldg at 1732 NW Quimby St. in Portland OR. Built in 1947 and renovated in 2010, the two-story, 40,000-square-foot office structure is easily on the corner of NW 18th Ave. in the NW Close-In submarket.

John Kohnstamm and Jeffrey Falconer of Ability Commercial Group represented the proprietor, Redside. Mark McClung and Daren Duke of Colliers International represented the tenant. By Landon Cannon

Carbylan Taking 18,700 SF in Newark.

Carbylan Rehabs Inc. entered into a lease with BMR-Pacific Research Center LP for an 18,704 square foot center at 7333-7999 Gateway Blvd. in Newark, CA, which will certainly function as the business’s head office, as well as residence R&D and laboratory space.

The term is presently estimated to begin Feb. 1, 2016. The lease has an initial term of 6 and a half years. By Mark Heschmeyer

Anne Arundel Health Systems Broadens in Annapolis.

Anne Arundel Health Systems signed a 17,577-square-foot lease at 201 Defense Highway in Annapolis, MD. The growth will certainly house administrative offices and IT support departments for the medical center.

Called Power Technology Center, the three-story, 69,138-square-foot workplace structure was constructed in 1990 in the Annapolis submarket. Other occupants include Exactly what’s Up Publication, Lombardo Wagner Ayers & & Business, CCE Inc. and The Tech Group.

Dennis Murphy and Jay McConnell of Murphy Commercial Real Estate Solutions represented the proprietor, Belvedere Management Co. By Amy Brouse

GSI Environmental Will Keep Space at Norfolk Tower.

GSI Environmental Inc., an engineering and science consulting company, restored its 16,440-square-foot area at the Norfolk Tower in Houston.

The 11-story workplace structure at 2211 Norfolk St. in Houston’s Greenway Plaza submarket was integrateded 1982 beside Greenway Plaza and in close proximity to the Galleria, the Texas Medical Center and downtown Houston.

Griffin Jaggard and Terri Torregrossa of Moody Rambin represented TA Realty, which has actually possessed the building given that 2011. Don King of JLL represented the occupant in negotiations. By Shavon Shockley

Sigma Cubed Inks CBD Renewal.

Sigma Cubed Inc. (Sigma ³) restored its lease for 15,355 square feet of office at 4700 West Sam Houston Parkway in Houston. A provider of geoengineering solutions for the oil and gas market, Sigma ³ has actually been located in the building because the company was founded in 2011.

“Sigma ³ explored a number of options in the market. Eventually, we were able to secure building signs at its existing area, which was an essential aspect for the company,” stated Valerie Dieterich, managing director at Savills Studley’s Houston office, which represented the firm in its office search. “In addition, Sigma ³ gained from flexible lease terms for future development and growth in their current area.”

Chris Dekker & & Chrissy Wilson of Jones Lang LaSalle represented the owner, Gggenheim Concourse LP. By Mark Heschmeyer

Franklin Templeton Indicators 10-Year, 13,000-SF Lease in Ridgefield Park.

Franklin Templeton Investments, an international financial investment management organization, signed a 10-year lease to take 13,000 square feet of new office at KABR and Kushner Cos.’ 55 Opposition Road in Ridgefield Park, NJ. The new workplace is located in Overpeck Corporate Centre. By Mark HeschmeyerFlexion Therapy Extends and Expands.

Flexion Therapies Inc. changed its existing lease for 11,754 square feet of office space at 10 Burlington Shopping mall Road in Burlington, MA, with an affiliate of R.J. Kelly Co. The lease change extends the term through Oct. 31, 2019, and includes an extra 4,715 square feet of office space at the very same place.

Flexion likewise has an option to rent an added 5,405 square feet and extend the regard to a portion or the whole lease area for one added three-year duration. By Mark Heschmeyer

Air Transport IT Services Restores, Broadens at Castle.

Air-Transport IT Solutions Inc. signed an 11,096-square-foot renewal and expanded into an addition 990 square feet at 5950 Hazeltine National Drive in Orlando, FL.

The six-story, 139,042-square-foot workplace building was built in 1990 in the Orlando Airport submarket, part of the Citadel International workplace park.

Mary Frances West, Kevin O’Connor, Matt Cichocki, and Mitch Heidrich with NAI Realvest represented the landlord, Citadel Partner Ltd. By Scott Layton

Neighborhood Health insurance Leases 92,000 SF at 1111 Third in Downtown Seattle

Neighborhood Health insurance of Washington has actually rented 91,816 square feet on 6 much lower floors of the 1111 Third Opportunity Building at 1111 3rd Ave. in Seattle.

The local non-profit health plan will certainly relocate from its existing location at the 8th & & Olive Building in late 2016 when its new lease commences.

The 34-story, 631,040-square-foot office tower was built in 1980 on the southwest corner of 3rd Ave. and Seneca St. in downtown Seattle’s CBD submarket. It is LEED Silver-certified and Energy Star-rated for its operating performance.

The building features a six-level underground garage, atrium, conferencing facilities, 12-foot piece heights, access to public transit, views of Elliott Bay and the Olympic Mountains, and distance to numerous retail and dining alternatives.

Ivanhoé Cambridge, Inc., the realty subsidiary of Canadian fund supervisor Caisse de dépôt et placement du Québec, and Callahan Capital Residence, a real estate personal equity firm focused on workplace product in significant U.S. main business districts, got the equipment as part of a portfolio sale that also consisted of the Second & & Spring Bldg at 1100 Second Ave. for an aggregate $280 million in November 2014, according to CoStar information.

Larry Almeleh and Pat Pendergast of Washington Partners represented the tenant in lease arrangements. Lisa Stewart and Jim Allison of Urbis Partners represented building ownership.

Workplace Lease Up (June 8) Palo Alto Networks Leases 750,000 SF in South Bay

Recently’s Largest Leases Signed Include: AlixPartner, American Century, Avant Credit, Comcast, Frontier Comm, MicroVention, Paychex, PerkinElmer, RealPage, UBS Financial and a lot more

Palo Alto Networks signed a lease for 630,000 square feet of new workplace building and 121,953 square feet of existing workplace at 3325 Scott Blvd. in Santa Clara, CA.

The brand-new construction will certainly be on land bordered by Tannery Method, Lakeside Dr., Scott Blvd. and Garrett Dr. The existing workplace building leased at 3325 Scott Blvd. is a Class An office structure constructed in 2013.

This is the 2nd significant lease deal for the office campus in recent months following the signing of Aruba Networks and handle existing renters Pivot Interiors and Akami Technologies Inc.

. Andrew Hueser, Tom Sweeney and Lori Sweeney of Newmark Cornish & & Carey represented Palo Alto Networks. Don Reimann, Brett Taylor and Gregg von Thaden of Colliers International represented Beacon Capital and Menlo Equities. By Eric Kies

Share with Your Fans on Twitter RealPage Leases 400,000-SFCorporate HQs

RealPage Inc., a company of on-demand software application and software-enabled services to the rental real estate industry, leased a new home offices in Richardson, TX a suburb of Dallas. The lease is with an affiliate of Pillar Commercial for 2 buildings at 2201-2221 Lakeside Blvd.

. RealPage will take occupancy start in January 2016 with the lease beginning in September 2016 and set up to run for up to 12 years. It has 2, five-year options to restore. By Mark Heschmeyer

Comcast Inks 300,000-SF Lease in Panorama Corporate Center

Comcast, a leading cable television service provider, signed a brand-new lease for 300,000 square feet at 9401 and 9601 East Panorama Circle in Englewood, CO.

. The 2 four-story structures total near to 381,664 square feet in the Panorama Corporate Center, a seven-building, 835,000-square-foot company campus.

John Marold, Mitch Bradley and Ryan Link of CBRE represented the landlord, Miller Global Properties. By Christina Armstead

MicroVention Picks Summit Workplace Campus for 205,000-SF World HQs

MicroVention Inc., a worldwide neurovascular company and a subsidiary of Terumo Corp., will certainly transfer its world head office to the Top Workplace School in Aliso Viejo, CA.

Building is set to begin this summertime on the four-story office with occupancy set up for the first half of 2017.

MicroVention will invest $100 million in the new center, which will certainly include an innovation/research and property development center.

Parker Characteristic will certainly develop the job on behalf of MicroVention, which will certainly occupy and own the center upon completion. The brand-new structure, developed by Ware Malcomb Architects, will house in extra of 800 employees. The 5.13 acre site also includes an 822-stall parking structure.

Jeff Cannon, corporate managing director, Savills Studley, represented MicroVention, and a CBRE group led by Carol Trapani represented Parker Properties, in the deal. HFF served as the capital markets consultant representing Parker Properties.By Mark Heschmeyer Frontier Communications Leases New 84,405-SF HQs Frontier Communications Corp. rented 84,405 square feet at Merritt 7 Corporate Park, Structure 401, in Norwalk, CT. Frontier signed an 11-year lease to inhabit the

very first and 2nd floors. The company’s move from 3 High Ridge Park in Stamford is anticipated to take place this summer season. Clarion Partners, the property manager, was represented by JoAnn Brennan-McGrath of

Marcus Partners and Tom Pajolek, Ned Burns, Steve Greenbush and Bob Caruso of CBRE. Newmark Knight Frank represented the renter. By Mark Heschmeyer Avant Credit Indicators HQ Lease at 222 N. LaSalle Avant Credit, an online personal loan lender, rented 78,794 square feet for its new headquarters at

the 222 N. LaSalle St. tower in Chicago’s Central Loop. Constructed in 1927, the 938,300-square-foot riverfront high-rise functions new additions that include a 7,200-square-foot conference center and auditorium, an 8,000-square-foot occupant lounge, and 2 news restaurants on the major lobby. Additional functions include a valet parking lot and fitness center. 222 N. LaSalle is an Environment-friendly Globe building that earned LEED Silver certification in 2011 and the BOMA 360 designation in Q1 2015.

Renters currently renting workplace at the structure include Hinshaw & Culbertson, LLP, Gould & Ratner LLP, Administrative Office of

the Illinois Courts and Vedder Rate P.C., which inhabits the penthouse floors & on 22 to 26. Brad & Serot of CBRE represented Avant Credit in its long-lasting lease, while Tishman Speyer’s Joseph Gordon and Greg Tait provided

internal representation on behalf of ownership.By Colton Odonoghue AlixPartners in 65,000-SF Workplace Lease Moving AlixPartners, a leading forensics financial business, signed an offer for a 65,000-square-foot workplace relocation to 909 Third Ave. in Manhattan. AlixPartners signed a 12-year sublease for the entire 29th and 30th floors. It is subleasing the area from Actavis. AlixPartners is moving from 40 W. 57th St. While the relocation was for the exact same

amount of area, the sublease enables AlixPartners to house substantially more staff members due to more setup

. CBRE’s Silvio Petriello, executive vice president; Ben Friedland, executive vice president, and Mike Wellen, senior vice president, represented AlixPartners. CBRE’s Howard Fiddle, vice chairman; Anthony Dattoma, senior vice

president, and Evan Fiddle, associate represented Actavis. Possessed by Vornado Realty Trust, 909 Third Avenue was developed by Emery Roth & Sons PC, and integrateded 1968. By Mark Heschmeyer Paychex Signs 44,365 SF Lease Renewal Paychex Inc. signed a 44,365-square-foot lease renewal at 100 Riverpark Drive in

North Reading, Massachusetts. Paychex, a leading carrier of payroll &, personnel, and benefits contracting out solutions for small -to medium-sized companies, renewed its lease for office space on the structure’s first floor. The area works as a branch office for the company.

Transwestern|RBJ partners Brian McKenzie, James Lipscomb and John Wilson represented Northstone LLC, developing ownership, in the deal. Paychex was represented by Todd Smith, handling partner of The Honor Group LLC.By Mark Heschmeyer American Century Relocating

NYC Workplaces American Century Financial investment Management is moving its New york city workplaces to 41,210 square feet at 330 Madison Ave. It will certainly be taking the whole 7th floor in a 15-year lease. American Century Investment Management will certainly relocate from 666 Third Ave. in the first quarter

of 2016. CBRE’s Joseph Fabrizi, executive vice
president; Michael Wellen, senior vice president; Sam Seiler, first vice president, and Zach Weil, senior associate represented American Century. Vornado Real estate Trust has 330 Madison Opportunity and was represented in home by Glen Weiss and Andrew Ackerman, together with JLL’s Frank Doyle and David Kleiner.By Mark Heschmeyer Indesign Restores 30,000-SF HQ Lease Indesign LLC, an engineering design company, has restored its head office lease for an added twelve years. The firm occupies the 29,850-square-foot office structure at 8225 E. 56th St. in Indianapolis, IN. The single-story building east of I-465 in Northeast Indianapolis submarket has actually been home to Indesign given that the structure delivered in 2001. James Mount of Hokanson Companies Inc. represented the property manager, Greenwalt Corporation.By Andrew Wiley BT Global Moving American Operations to Cypress Waters BT Global Services, a subsidiary of U.K. telecom operator BT Group, has actually chosen Cypress Seas in Coppell, TX as the website of its brand-new American headquarters. BT Global Solutions and Billingsley Co. negotiated a lease for 27,891 square feet in the suburban Dallas workplace park, a collection of recently finished and recommended low-rise workplace buildings along Cypress Seas Blvd. in Dallas’ DFW Freeport/Coppell submarket.
BT will certainly relocate

250 staff members to its brand-new area at 8951 Cypress Seas Blvd., a three-story, 188,440-square-foot building that offers an open principle and collaborative environment. The area likewise offers easy access to retail along IH 635, multi-housing

space, and DFW International Airport. BT is the latest in a line of noteworthy brand names to make the decision to move headquarters to Cypress Waters, joining Nationstar Home mortgage, 7-Eleven and Cheddars. Noel Hutcheson and Fernando Araiza of Colliers International represented BT, while Kathy Permenter, Moody Younger and Sean Dalton of Younger Partners represented Billingsley.By Ben Harris Blue Canopy Leases Office in Reston Blue Canopy signed a 25,171-square-foot sublease at 11091

Sunset Hills Rd. in Reston, VA. The eight-story, 196,373-square-foot office structure was built in 2007 within the Sundown Corporate Plaza. Known as Reston Eastpointe, the apartment likewise houses workplaces for QinetiQ N.A., Vistronix and Vistera, according to CoStar info. Brent Mathis and David Goldstein of JLL represented the sublessor in settlements. Blue Canopy delivers info security, innovation integration, system engineering, program management, specialized training, and IT business performance management

services to Federal clients, Fortune 1000 companies, DoD in addition to the Intelligence Community.By Javier B. Jennings Allied Telecom Leases 24,954 SF in Arlington Allied Telecom Group, a communications company, signed a lease for 24,954 square feet at 1400 Crystal Dr. in Arlington, VA. The 14-story workplace structure totals 308,898 square feet in Crystal City. Lowe Enterprises Mid-Atlantic Inc. developed and has the structure, which has actually stood mostly uninhabited since early 2014.

Allied Telecom’s lease is for the whole seventh floor. Ezra Weinblatt and Glenn Meltzer of The Ezra Co. represented Allied Telecom Group, while Neil Alt and Doug McLearn of Lincoln Property Co. represented Lowe Enterprises.By Heather Burgess PerkinElmer Inks New Lease in The Corridors PerkinElmer Health Sciences rented 21,774 square feet at 2651 Warrenville Rd. in Downers Grove, IL.

The firm will move into the majority of the entire very first floor in September 2015. Likewise known as Corridors One, the 149,896-square-foot, five-story workplace building is part of The Corridors workplace park in Chicago’s Eastern East/West Passage. PerkinElmer is a technology firm that helps medical professionals through ingenious detection methods, imaging, informatics, and service abilities to more

rapidly and precisely turn information into choices. This is the business’s second location in Illinois. Fred Ishler and Joe Stevens with Transwestern represented the proprietor, SoundView Realty Partners.

Ben Erskine of JLL represented the seller.By Damian Smoter UBS
Financial Leases 19,000 SF in Westport UBS Financial Services Inc. has actually signed a ten-year, 19,217-square-foot lease at 8 Wright St. in Westport, CT. The full-floor lease will certainly begin in early 2016.

Marcus Capital Partners Fund II LP got the possession in October 2014, and has started a$5 million restoration that consists of new floor-to-ceiling windows and upgrades to the common areas, landscaping, parking, and mechanical systems. The three-story, 55,618-square-foot workplace structure was originally constructed in 1979 on 3.3 acres in the Westport submarket of Fairfield County. Adam Klimek with Cushman & Wakefield represented the property manager, Marcus Partners.

Stephen Baker, likewise with Cushman & Wakefield, represented the occupant in lease negotiations.By Justin Sumner Happiness Leases 16,000 SF at Brookfield Place Bliss World Holdings Inc., a day spa providing a variety of skin care and other appeal treatments, signed a 10-year lease for 16,854 square feet in the workplace structure at 200 Vesey St. in New York City. The 51-story structure was built in 1986 and totals about 2.5 million square feet. The structure is part of the 8.5-million-square-foot Brookfield Place complex worldwide Trade Center submarket of downtown Manhattan. Happiness is transferring from 75 Varick St. to the 25th floor at 200 Vesey. Other significant renters there consist of American Express, Royal Bank of Canada, and the U.S. Securities and Exchange Commission.”Happiness’ upcoming lease expiration supplied a perfect opportunity for the company to review their realty needs and think about alternative choices, “said Joe Genovesi of Savills Studley. “They continue to be dedicated to Downtown Manhattan and were delighted to discover a much better overall value and facilities within Brookfield Location.”John Wheeler, Clayton Kline, Michael Berman

, and Paul Glickman of JLL represented the landlord, Brookfield Workplace Characteristics. Joe Genovesi and John Harte of Savills Studley represented Bliss.By Chris Ulrich Tech Square Labs Leases 15,059 SF in Midtown Tech Square Labs, a business contractor and innovation incubator company, rented up 859 Spring St. NW in Atlanta. Workplace Depot previously inhabited the 15,092-square-foot office structure, which the seller renovated in 2005. Tech Square Labs’ current lease is a growth of the additional 10,000 square feet of leasable space opening this summertime at Square on Fifth, a 25-story student living neighborhood that is expected to complete building in August 2015. Tech Square Labs will certainly quickly complete its$7 million renovation of the structure and start leasing space this month with their target group being start-up innovation business and business owners. Kim King Associates, an Atlanta-based advancement firm, purchased the building in November 2014 for just north of $3.6 million. Abby Perez of Kim King Associates was the leasing agent for the building.By Wesley Kenney

Transocean Keeps HQ at Four Greenway Plaza Transocean, a prominent international supplier of offshore written agreement drilling services for energy business, will certainly maintain its U.S. head office at 4 Greenway Plaza in Houston after accepting terms on a renewal with building owner, Cousins Properties. 4 Greenway Plaza is an 11-story, 255,413-square-foot workplace structure built in 1976 within the 4.5 million-square-foot Greenway Plaza workplace park. The structure has actually housed Transocean’s headquarters considering that 2001. Set to expire January 2017, Transocean’s new lease keeps them in the building till January 2023. The business also inhabits 13,552 square feet at 3800 Buffalo Speedway at Greenway Plaza, a lease that is still arranged to expire January 2017.

Jay Bonano of Savills Studley represented the renter in the transaction, while Bob Boykin, Warren Savery, Bubba Harkins and Will Hightower represented Cousins Properties.By Shavon Shockley Gilbane Building Leases 12,000 in Baltimore Gilbane Building Co., a building company, signed a lease for 12,000 square feet in the workplace building at 1215 Fort Ave. in Baltimore, MD. The four-story structure totals 140,000 square feet in The Workplaces at McHenry Row, a mixed-use development encompassing office, retail and domestic area.

Joseph Nolan and David Fritz of NAI KLNB represented the property manager. Peter Kimmel of CBRE represented the tenant.By Veryne Lawrence Inotek Indications with Boston Properties for 11,125 SF Inotek Pharmaceuticals Corp. signed a lease agreement with an affiliate of Boston Properties for 901 Hartwell Ave. in Lexington, Massachusetts. The business plans to transfer its head office to the premises. The company will occupy 11,125 square feet of office for 90 calendar months with rights to extend for one 5-year period.By Mark Heschmeyer