Weekly Wrap-Up of Largest Reported Workplace Leases Include Offers by NTT Data, Kaplan, DLA Piper and more
Amazon signed a 15-year workplace lease for 360,000 square feet in the 5 Manhattan West developing at 450 W. 33rd St. in
New York City. The recently-renovated Brookfield Residence’ structure stands 16 stories tall amounting to more than 2.15 million square feet. The building is the home of multiple tenants including < a href=" http://www.costar.com/News/Article/Related-News-2/191780"target= “_ blank “> J.P. Morgan Chase, R/GA, Markit Group and Brookfield. Amazon will take the whole 6th and seventh floorings of the tower as well as part of the 8th and the tenth floors in a relocation that is anticipated to bring 2,000 tasks to the Penn Plaza/ Garment District submarket of Manhattan.
The Cushman & & Wakefield team of Bruce Mosler, Josh Kuriloff, Rob Lowe, Ethan Silverstein and Matthias Li, along with Brookfield’s internal leasing team of Jeremiah Larkin, Duncan McCuaig and Alex Liscio, represented the property owner. Derek Trulson, Josh Stuart, Costs Peters and Clay Nielsen of JLL represented the tenant. By Daniel Griffin
Japanese IT Company Signs for 233,000 SF at Dreien Opportunity Partners’ The Campus at Tradition West
Japan-based system integration company and Nippon subsidiary NTT Data has < a href=" http://www.costar.com/News/Article/Japanese-IT-Company-Signs-for-233000-SF-at-Dreien-Opportunity-Partners-The-Campus-at-Legacy-West/194520" target=" _ blank" > agreed to take 232,744 square feet at the School at Tradition West in among the largest workplaces rents signed
in the Dallas market this year. Previously the corporate headquarters school of J.C. Penney, the 1.8 million-square-foot Plano, TX office park is located just northwest of One Tradition West, Gaedeke Group’s 14-story office building where NTT Data currently runs out of the top six floorings.
The business plans to transfer from its 729,017-square-foot, three-story complex at 2300 W. Plano Pky. to the second floor of The School at Legacy West with a move-in date scheduled for Q2 2018.
John Conger and David Quisenberry with Colliers International supplied representation for Dreien Opportunity Partners, while Steve Jarvie with ESRP represented NTT Data. By Timothy Houseal
Kaplan Restores 193,000-SF Lease in Fort Lauderdale
Kaplan, Inc. has renewed its lease totaling 193,000 square feet at the Cypress Creek Concourse buildings situated at 1515 and 1525 W. Cypress Creek Dr. in Fort Lauderdale, FL.
Cypress Creek Concourse is consisted of twin four-story, 96,948-square-foot office complex built in 2002 on 45 acres within the Cypress Creek submarket of Broward County. The tenant, the moms and dad business of Kaplan University, has held its headquarters in the 2 buildings since 2004.
Jeffrey Samaras, Kent Ilhardt, Jeff Holding and Franklin Speyer of Cushman & & Wakefield represented Kaplan, Inc. Richard Gatto of The Alter Group represented the property owner in home. By Heather Sellers
DLA Piper to Preserve 119,000 SF of Office at University Circle in East Palo Alto
DLA Piper has elected to < a href=" http://www.costar.com/News/Article/DLA-Piper-to-Maintain-119000-SF-of-Office-Space-at-University-Circle-in-East-Palo-Alto/194441" target=" _ blank" > restore all 118,167 square feet of office at University Circle in East Palo Alto, CA for an additional five years.
The London-based international law practice and one of the biggest law office in the United States by earnings agreed to an extension with University Circle owner Columbia Property Trust (NYSE: CXP) that will begin following the expiration of DLA Piper’s existing handle June 2018. The company’s brand-new lease will go through June 2023.
George Fox and Hamilton Southworth of CBRE represented DLA Piper in the renewal settlements. Mike Courson and Howard Dallmar of Newmark Cornish & & Carey represented Columbia Property Trust. By Eric Kies
Harvard University Leases 63,000-SF Cambridge Bldg. for IT Providers Dept.
Harvard University has < a href=" http://www.costar.com/News/Article/Harvard-University-Leases-61000-SF-Cambridge-Bldg-for-IT-Services-Dept/194589" target=" _ blank” > signed a long-lasting lease with The Bulfinch Cos. to establish its infotech (IT) services department at 784 Memorial Dr. in Cambridge, MA.
The lease is for the whole 63,200-square-foot, four-story building, which was originally built in 1937 and inhabited by Polaroid Corp. before most recently real estate the offices of Infinity Pharmaceuticals.
Located on the banks of the Charles River near I-90, the residential or commercial property has actually been refurbished to service the requirements for more contemporary development.
JLL’s John Osten, Molly Heath and Peter Bekarian represented Harvard University. Michael Wilcox worked out the lease in-house on behalf of Bulfinch. By Douglas Dunbar
SunTrust Bank Indications Renewal, Growth in Atlanta’s Perimeter Center
SunTrust Bank has renewed its existing 48,871-square-foot lease and added an additional 8,486 square feet of space at 211 Perimeter Center Pky. NE in Atlanta.
The American bank holding company, which is locateded close by at the 1.2 million-square-foot, 60-story SunTrust Plaza in downtown Atlanta, chosen to preserve its existing workplaces at the Border Center building, noting its proximity to Marta, present workforce and on-site features.
Kirk Diamond, April Parrish, Erin Smith and Steven Taylor of Cushman & & Wakefield represented SunTrust in negotiations, while Jeff Frantz of JLL represented structure owner, GID Investment Funds. By Stuart Paykel
Selective Insurance coverage Co. of America Extends Lease in Richmond’s The Boulders Office Park
Branchville, NJ-based Selective Insurer of America extended its 30,113-square-foot lease at 7401 Beaufont Springs Rd. in Richmond, VA.
. Referred to as Boulders VI, the 82,732-square-foot, four-story office complex was built in 1998 as part of the four-building The Boulders office park situated in Richmond’s Midlothian Corridor. Selective Insurance coverage inhabits the whole 4th floor and partial space on the third flooring.
Brian Berkey of Cushman & & Wakefield|Thalhimer represented the tenant. Joseph Caperton and Amanda Tyson of Brandywine represented the owners, a joint endeavor comprised of Brandywine Real estate Trust and OZ Management. By Colton Konvicka
Platts Restores 28,000-SF Lease at Heritage Plaza
S&P Global Platts will continue to fully inhabit the 22nd floor of the 51-story, 1.2 million-square-foot Heritage Plaza in downtown Houston after < a href=" http://www.costar.com/News/Article/Platts-Renews-28000-SF-Lease-at-Heritage-Plaza/194530" target=” _ blank “> accepting a renewal with property owners, AEW Capital Management and Brookfield Workplace Properties
. The energy and products details and analytics service has actually occupied its 28,560-square-foot area on the 22nd floor since 2012, according to CoStar info.
Clint Bawcom and Jon Dutton from Brookfield Workplace Characteristic represented the owners in-house. By James Saris
Fox Swibel Restores 23,000-SF Lease at 200 W. Madison
Fox Swibel has < a href=" http://www.costar.com/News/Article/Fox-Swibel-Renews-23000-SF-Lease-at-200-W-Madison/194578" target =" _ blank" > completed a 10-year lease extension for the company’s 22,600-square-foot workplaces at 200 W. Madison St. in Chicago’s West Loop.
The shop law firm completely occupies the 30th floor of the 45-story, 1.067 million-square-foot 200 W. Madison tower. Other occupants in the building consist of Sikich, Canon and Barack Ferrazzano Kirschbaum & & Nagelberg LLP.
Cal Wessman, Bill Sheehy and Jon Milonas of CBRE represented Fox Swibel in the extension, while Jeff Dowdell and Katie Steele of Transwestern represented the landlord, Multi-Employer Home Trust. By Christopher Pressley
WCA Waste Corp. Leases Leading Floor in 30-Story 1330 Post Oaks Blvd.
. WCA Waste Management, a Houston- based waste management business, < a href =" http://www.costar.com/News/Article/WCA-Waste-Corp-Leases-Top-Floor-in-30-Story-1330-Post-Oaks-Blvd/194580" target=" _ blank" > rented 19,945 square feet in the office building situated at 1330 Post Oak Blvd in Houston, TX.
The 588,531-square-foot, 30-story tower was constructed in 1983 within 4 Oaks Place and last remodelled in 2006. WCA will totally inhabit the top floor, according to CoStar information.
Dan Boyles and Mike Mannella of NAI Partners represented the occupant, while Eric Anderson and Tyler Garrett of Transwestern represented the property owner. By Julian Thompson
Workplace One to Open 5th Area in Greater Toronto Area
Shop office space company Workplace One < a href= "http://www.costar.com/News/Article/Workplace-One-to-Open-Fifth-Location-in-Greater-Toronto-Area/194604" target= “_ blank “> is broadening in Toronto with a fifth location to overall 19,640 square feet at 77 Bloor St. W in Toronto’s Bloor/Yonge submarket.
The company settled a deal to sublease the sixth flooring within the 20-story, 392,814-square-foot office tower from anchor occupant, TD Canada Trust. The sublease is for 15 years, according to CoStar details.
David Moretti of Colliers International represented Workplace One in this deal, while John Morelli of Morguard represented the sublessor in settlements. By Nadia Mohamed
Leading Lobbying Company KP Public Affairs Moving to U.S. Bank Tower
KP Public Affairs has settled a deal that will see the largest lobbying firm in Sacramento move its workplaces from 1201 K St. to the United States Bank Tower at 621 Capitol Shopping mall.
A law firm that represents California’s leaders in business and innovation, KP signed a 10-year deal for 16,258 square feet on the 19th flooring of the 25-story, 366,821-square-foot office complex. The company is slated to take occupancy of its new space in the first quarter of 2018.
Tony Whittaker, Amy DeAngelis and Lisa Stanley of CBRE represented the property manager, while Greg Levi of JLL represented KP Public Affairs. By Steve Wells
Covenir Picks The Guaranty Bldg. in Downtown Worcester for New Workplace
Covenir, a Chicago-based company that supports insurance companies in numerous backroom functions, signed a brand-new lease for 15,475 square feet in the Warranty Structure at 370 Main St. in downtown Worcester, MA.
The 12-story Guaranty Structure amounts to 193,932 square feet near I-290, the MBTA0Worcester & & union station and Amtrak-Worcester station in the Worcester Metro submarket. Covenir will move into the 5th flooring next quarter, joining such tenants as TD Bank and Fletcher Tilton PC in the building.
Donald Mancini, SIOR, CCIM, James Umphrey and Drew Higgins of Kelleher & & Sadowsky Associates represented the property owner. Arlon I. Brown, SIOR of SVN Parsons Commercial Group Boston represented Covenir. By Allison Quinn-Redding