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