Tag Archives: picks

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

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

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

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

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

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

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

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

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

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

Kaplan Restores 193,000-SF Lease in Fort Lauderdale

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Platts Restores 28,000-SF Lease at Heritage Plaza

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

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

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

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

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

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

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

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

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

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

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

Workplace One to Open 5th Area in Greater Toronto Area

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

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

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

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

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

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

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

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

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

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

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

Nest NorthStar Picks Up $201 Million Storage facility Portfolio Along I-95 Passage

TA Realty Sells 20-Property, 2.8 Million-SF Portfolio Concentrated in Baltimore Region

Nest Northstar (NYSE: CLNS) has actually completed a deal to get $201 million worth of industrial property along the I-95 passage between Maryland and Delaware from fellow institutional financier TA Realty.

The Los Angeles-based Colony Northstar paid almost $72 per square foot for the portfolio, which totals 2.8 million square feet over 20 homes with the highest concentration situated in the Baltimore MSA.

The Mid-Atlantic portfolio, that includes the seven-building DeSoto Business Park in Baltimore, is 94% leased to 64 renters headlined by McCormick & & Co., Cost Modern, Sardo & & Sons Warehousing, Gourmet Pastry shop, MXD Group and Capitol Express. The remaining properties total 434,969 square feet and lie in Newark, DE and Aston, PA.

. Jonathan Carpenter, Graham Savage, Andrew Stanford, Laura Smith, Jarred Testa, Tilghman Herring, Robert Yoshimura and Joseph Hill of Cushman & & Wakefield, in partnership with in-house associate Nicole Dutra Grinnell, handled the personality on behalf of TA Realty.

Please see CoStar COMP # 3956427 to find out more on this transaction.

Monday Properties Pivots Back to Buying Mode, Picks Up Five-Bldg Northern VA Workplace Package

New york city City Real Estate Company, Fresh With West Coast Aspirations, Uses CMBS to Recapitalize Its Rosslyn Portfolio to Raise Money for Re-Entry Into Office Financial investment Market

It’s no secret that Monday Characteristic has been getting ready to obtain back into the hunt for investment office homes, and the New york city City based property investment firm pulled the trigger on its very first purchase in several years this, buying the Beauregard Office Park, a five-building workplace park in Alexandria, VA.

. Monday Residence, which last month completed an $888 million CMBS recapitalization of its nine-property portfolio in Rosslyn, VA, closed the purchase of the 300,000-square-foot portfolio of Class B residential or commercial properties on North Beauregard Street, previously known as Mark Center Office Park, on terms that were revealed.

The late last month announced the recapitalization of the 2.6 million-square-foot Rosslyn portfolio, which the business said would offer the required financing to protect extra long-lasting strategic financial investments and update its leasing initiatives in the Washington, D.C. market.

The recapitalization through a CMBS loan sponsored by a joint-venture in between United States Property Opportunities I, L.P., a $1.3 billion fund formed by Goldman Sachs and an affiliate of Monday Characteristic, is secured by 7 office properties in the Rosslyn portfolio managed by Monday considering that 2005.

The portfolio is a potential gem in a Rosslyn submarket hard-hit by Department of Defense scaling down and federal spending plan sequestration. Those elements caused office demand to plummet and job rates to surge to 26.5% in current quarters. The collateral homes, however, “are considered to be a few of the best in the market and deal unobstructed views of national monuments and landmarks,” DBRS stated in a pre-sale report. “The properties are quickly accessible from downtown DC and the suburbs in Northern Virginia as they are within close proximity to the Rosslyn Metrorail Station.”

While tenancy of the portfolio was only 67.5% since Might 1, Monday Properties has actually produced significant leasing momentum by carrying out 39 brand-new leases and renewals, DBRS stated. Additionally, 18.5% of the over 100 occupants are investment-grade, while only 8.5% are inhabited by federal government tenants.

Monday Characteristic signified its impending re-entry into the acquisitions market earlier this year, announcing strategies to open a Los Angeles workplace and start targeting financial investments on the West Coast for the very first time. Nevertheless, its very first acquisition from eviction, Beauregard Office Park, is best in the company’s home turf in Northern Virginia.

The residential or commercial properties lie at 500, 1600, 1800 1900 and 2000 North Beauregard Street north of I-395. The deal “will further reinforce Monday’s tactical thesis in finding exceptional financial investments for our financiers,” said starting managing partner Anthony Westreich in a statement.

Please see CoStar COMPs # 3934164 for more details on the Alexandria deal.

Workplace Lease Up (June 12) Amazon Web Services Picks Virginia for New 400,677-SF East Coast Corporate School

Weekly Wrap-Up of Largest Reported Workplace Leases Include Offers by SoundHound, Snapsheet, Stryker Medical, Regus and more

Amazon Web Solutions (AWS) has signed a lease for 400,677 square feet at One Dulles Tower in Herndon, VA where the on-demand cloud computing platform supplier and Amazon.com subsidiary will establish a new business school.

The Virginia Economic Advancement Partnership collaborated with the General Assembly’s Significant Work and Investment (MEI) Commission to protect the project for Virginia, which vanquished finalists Texas and Washington. The brand-new school has the possible to create up to 1,500 jobs in Fairfax County.

Completed by Tishman Speyer in 2002, the property had actually been home to Tysons Corner, VA-based Booz Allen Hamilton (NYSE: BAH )because 2002 before the management consulting firm’s lease expired December 31st, 2015. Following the move-out, existing owner Federal Capital Partners rearranged and re-marketed the residential or commercial property before finishing the 2nd biggest workplace lease signed in the Washington, D.C. market this year.

Matthew Bundy, Josh Masi and Jeanette Ko of Cushman & & Wakefield represented the landlord in the deal. By Christian Powell

SoundHound Leases Residential or commercial property Within Marriott Organisation Park

SoundHound has actually made (noise) waves following news the locally-based, privately-held audio recognition and cognition business
< a href=http:// “http://www.costar.com/News/Article/SoundHound-Leases-Property-Within-Marriott-Business-Park/191754″ target =” _ blank” > finished a lease to totally occupy the 61,360-square-foot office complex at 5400 Betsy Ross Rd. in Santa Clara, CA.

Formerly the home of Aurora Networks, the vacant two-story building was constructed in 1997 just south of Path 237 within the Marriot Service Park. It lies near the Santa Clara Convention Center and Levi’s Stadium – house of the NFL’s San Francisco 49ers.

Steve Horton and Kelly Yoder of Cushman & & Wakefield represented W.F. Batton Management Co. By Eric Kies

Snapsheet to Double Office Space with Transfer to 1 North Dearborn

Following a year of quick expansion, locally-based technology startup Snapsheet has actually reached a handle Beacon Capital Partners to move its Chicago offices to an expanded 52,169-square-foot space at the recently renovated 1 N. Dearborn St. tower in downtown Chicago.

Snapsheet, an 11-year-old business that produces a cloud-based software application utilized by car insurance suppliers to direct users through virtual claims, will more than double its office with the move to the 17-story, 940,341-square-foot 1 N. Dearborn tower, which sits one block from the CTA-Monroe and CTA-Madison & & Wabash stations and 2 blocks from Millennium Park.

Brad Serot, Paul Reaumond and Todd Lippman of CBRE represented Snapsheet in settlements, while Jack O’Brien and Caroline Colnon of Telos Group represented Beacon Capital Partners. By Kiki Okpara

Stryker Medical Leases 48,089 SF in Kalamazoo

Locally-based medical device and devices manufacturing business Stryker Medical has
< a href =" http://www.costar.com/News/Article/Stryker-Medical-Leases-48089-SF-in-Kalamazoo/191584" target=" _ blank" > leased 48,089 square feet in the office and technical center at 6938 Elm Valley Dr. in Kalamazoo, MI.

The 170,000-square-foot, two-story building was constructed in 2004 within The Groves service park situated just south of I-94 and roughly five miles southwest of Western Michigan University in Western Kalamazoo County.

John Gordy and Eric Holdorf of Signature Associates represented the landlord, Dana, Inc., in settlements. By Karen Kester

Regus Renewal, Growth Brings One Glenlake Tower to 100% Occupancy

A run of successful lease offers following a substantial value-add effort performed by building owner Columbia Property Trust (NYSE: CXP) has actually brought the 352,710-square-foot, 14-story One Glenlake tower in Atlanta’s Central Border to 100% tenancy.

Culminating the run of leases is the 130-month renewal and growth offer signed by shared work space service provider, Regus. The company, which has actually inhabited area in the structure since 2006, will stay in 26,720 square feet on the seventh flooring and broaden into 12,923 square feet on the 6th floor for an overall of 39,643 square feet.

Jeff Bellamy of JLL brokered the lease on behalf of CXP, while Brannan Moss, likewise of JLL, represented Regus. By Lauren Chesley

Santander Bank Leases 39,000 SF in Holmdel

Santander Bank NA, a wholly-owned subsidiary of the Spanish Santander Group,
signed a 10-year lease deal for 38,954 square feet at the Bell Functions Complicated office complex at 101 Crawford Corner Rd. in Holmdel, NJ.

The five-story structure totals 1.2 million square feet. Santander Bank’s lease consists of half of the second flooring of Building One. Other significant renters include Guardian Life Insurance, Workwave LLC and iCims, Inc.

. Tara Keating, Kyle Mahoney and Jeff Garibaldi of The Garibaldi Group represented the property owner, Somerset Advancement. John Barry and Katie Ritter of Transwestern RBJ represented the tenant. By Kevin Carder

All Kid’s Hospital Leases 31,000 SF at Bayfront Medical Plaza

Johns Hopkins All Kid’s Medical facility, Inc. has
< a href =" http://www.costar.com/News/Article/All-Childrens-Hospital-Leases-31000-SF-at-Bayfront-Medical-Plaza/191642" target=" _ blank" > rented 30,528 square feet in the Bayfront Medical Plaza at 601 7th St. S in St. Petersburg, FL.

The brand-new area lies throughout the street from the pediatric hospital’s main campus and will serve as additional administrative workplaces as the healthcare facility broadens its footprint both throughout the state and throughout the campus.

Juan Vega and Jim Allen with Colliers International represented the property manager, HCP, Inc. of Irvine, CA. By Justin Sumner

Ballard Spahr Signs Complete Flooring Workplace Lease at Rudin Family’s 1675 Broadway

Ballard Spahr has signed a 10-year lease for 27,000 square feet at 1675 Broadway in New York City.

The tenant, an AmLaw 100 firm with more than 500 lawyers, will transfer its multi-practice New york city City office from its current East Side place at 919 3rd Ave. in the very first quarter of 2018, taking the whole 19th floor of its brand-new Columbus Circle tower.

Alan Wildes and Melissa Bazar of Cushman & & Wakefield represented Ballard Spahr in lease negotiations. Robert Steinman, vice president at Rudin Management Business represented the property owner in-house. By Justin Sumner

Commonwealth Leases 18,000 SF in Harrisburg

The Commonwealth of Pennsylvania
< a href =" http://www.costar.com/News/Article/Commonwealth-Leases-18000-SF-in-Harrisburg/191559" target=" _ blank" > rented 17,500 square feet at One Penn Center at 2601 N. 3rd St. in Harrisburg, PA. Tenancy is arranged for November.

One Penn Center is a five-story, 300,316-square-foot office building was constructed in 1925 in the Harrisburg Area East submarket.

Mike Daley with Penn Center Harrisburg represented the proprietor in-house. By Carol Peterson

SouthComm Leases 14,000 SF in Chestnut Square

SouthComm Communications, the nation’s second biggest publisher of alternative business-to-business weeklies, signed a lease for 14,160 square feet in the office building at 427 Chestnut St.

in Nashville, TN. The four-story structure totals 38,734 square feet in Chestnut Square in the Airport South submarket. The property was delivered in 1925 and was most just recently sold to the May Hosiery Partnership LLC in 2015, according to CoStar data.

Byran Fort and Dan Bauchiero of Eakin Partners represented SouthComm. Eakin Partners likewise represented the landlord in lease settlements. By Cody Wilder

The Connection Leases 13,000 SF in New Haven

The Connection, a private, non-profit human services and community advancement agency, has
rented the full 13,122-square-foot penthouse floor at 900 Chapel St. in New Haven, CT.

. The 13-story office tower amounts to 142,439 square feet in the heart of downtown New Sanctuary. The renter is combining 2 location workplaces at this new area, which offers its clients direct availability by means of mass transit and major roadways.

John Keogh of Colliers International represented the property manager. Jeff Williams and Hollis Pugh, likewise with Colliers, represented The Connection. By Connor O’Brien

TEKsystems Leases 10,200 SF in Charlotte

TEKsystems, an IT staffing business,
signed a lease for 10,200 square feet in the office complex at 200 S. Tryon St. in Charlotte, NC.

The 15-story story building totals 240,000 square feet in Charlotte’s central enterprise zone. The home was constructed in 1962 and had renovations completed in 2014.

TEKsystems will share the structure with other companies such as Chicago Title Insurance, Cole Jenest & & Stone and Deutsche Financial Services.

Aron Whitehead and Nick Claudio of Avison Young represented TEKsystems in this offer. By Caleb Thomas

Office Lease Up (Sept. 14) Axalta Picks Location for 175,000-SF Innovation Center

The current Largest Office Offers likewise Include: Aimmune Rehabs, Alphadyne Asset Management, FanDuel, Friends of the Earth, Invitae, Nabriva Therapies, Pioneer Press, and Wells Fargo

Axalta Finish Systems announced the choice of The Navy Backyard in Philadelphia for a new 175,000-square-foot center that will house its worldwide research, item advancement and innovation initiatives. Axalta became part of a long-term lease arrangement for the structure with the designers of the job, Liberty Building Trust and Synterra Partners.

Job building is expected to be finished in late 2017 and reach full operation in 2018. Axalta expects to bring a minimum of 190 brand-new jobs to Philadelphia, with the possibility of added positions in the future.

Axalta’s global corporate headquarters is currently located in Center City Philadelphia, and its North America headquarters remains in Glen Mills, PA. The business likewise has a customer training center in Exton, PA.By Mark Heschmeyer

Invitae Takes 103,000-SF Building

Genetic screening firm Invitae Corp. entered into a contract with an affiliate of ASB Capital Management to rent an entire building totaling 103,213 square feet at 1400 16th St. in San Francisco, CA.

Colliers International represeented the property manager and Newmark Cornish & & Carey the tenant in the lease settlement. By Mark Heschmeyer

Paramount Ropes Ropes & & Gray

Ropes & & Gray LLP will move its Washington, DC, office to 2099 Pennsylvania Ave., NW, where the law practice will certainly occupy more than 60,000 square feet of workplace under a lease that runs to 2020. Paramount Group, Inc., possesses the 12-story office building. Ropes & & Gray will transfer from 700 12th St., where it had been located for 12 years.

Newmark Grubb Knight Frank executive handling director Larry Bank represented the occupant, together with executive handling director Bill Zonghetti. Paramount Group was represented by its leasing director, Matthew Gannon, along with Amy Bowser and Journey Howell from JLL. By Mark Heschmeyer

Smith & & Nephew Preleases 59,000 SF in Fort Worth Edwards Cattle ranch Characteristic secured its first tenant at the business’s new speculative task at 5600 Clearfork Main St. in Fort Worth, TX, signing of Smith & & Nephew to a 58,713-square-foot lease.

The London-based medical supplies supplier will certainly inhabit the top 2 floors at the six-story, 170,982-square-foot building when building wraps up in mid-2016. Building developer Cassco Development began last month on the job, which belongs to the brand-new Clearfork school presently being developed off Chisholm Trail Parkway in Fort Worth’s West Southwest submarket.

Upon full build-out, Clearfork will certainly include 318,000 square feet of office, the 365,000-square-foot Shops at Clearfork local shopping center, and Cassco Advancement’s 392-unit The Kelton at Clearfork multifamily complex. The shopping mall is slated to begin early next year and provide in April 2017, while the homes are set up to deliver July of next year.

JLL’s Cannon Camp worked out the Smith & & Nephew lease on behalf of Edwards Ranch Properties. By Ben Harris

FanDuel Drafts 41,000-SF Lease in Gramercy Park FanDuel Inc., a web-based fantasy sports platform, signed a 10-year lease for the leading 3 floors completing 41,013 square feet in the Creative Arts Building at 300 Park Ave. S in New York, NY. The historic, 15-story office structure was constructed in 1910 and completes 185,000 square feet in the Gramercy Park submarket of Midtown South, between E. 22nd and 23rd streets.

Other tenants there include M. Booth & & Associates, Leo Burnett Business, Rizzoli International Publications, William Grant & & Sons, and the New York State Council on the Arts.

Robert Kennedy of Colliers International represented FanDuel. Mikael Nahmias and Josh Kuriloff of Cushman & & Wakefield represented the landlord, Rockrose Development Corp. By Chris Ulrich

IDS Schedules December 2015 Move-in IDS Engineering Group signed a 36,683-square-foot lease on the seventh and eighth floors at the Granite Tower at 13430 Northwest Fwy. in Houston. The 45-story, 253,128-square-foot workplace structure was built in 1981 near the united state 290 and Loop 610 junction and 15 miles northwest of downtown Houston in the Northwest Far submarket.

Derrell Curry of Savills Studley represented IDS, while Sandy Benak, CCIM offered internal representation for building owner, Granite Characteristic. By Ben Koerner

Alphadyne Asset Management Broadens to 29,386 SF Alphadyne Asset Management signed a lease with RFR Real estate LLC to expand its office at 17 State St. in New York, its second expansion in the structure. Alphadyne will now totally inhabit the 29th and 30th floors for a total of 29,386 square feet.

Alphadyne is a multi-billion dollar alternative investment management firm established in 2005. The firm has offices in New york city, Singapore and London.

AJ Camhi, senior vice president and director of leasing at RFR represented in-house. Jason Schwartzenberg of JLL represented Alphadyne. By Mark Heschmeyer

Leader Press Transferring Further from Downtown St. Paul Pioneer Press signed a lease for 29,080 square feet of workplace in the River Park Plaza workplace building at 10 River Park Plaza in St. Paul, MN.

The eight-story, 322,357-square-foot workplace building is located across the Mississippi River from downtown, marking the first time in the newspaper’s 165-year history that its workplaces will be outside the downtown St. Paul area. The lease consists of a whole floor as well as additional space for an information center.

Eric Rapp and Pete DuFour with Colliers International represented the property manager, Cohen Equities. By Brandon Burns

Aimmune Therapies Leases 26,355 in Brisbane Aimmune Therapeutics, a developer of treatments to secure kids with food allergies, restored its 11,665-square-foot lease and signed for an additional 26,355 square feet at 8000 Marina Blvd. in Brisbane, CA.

The eight-story workplace building completes 201,861 square feet in the Sierra Point Towers building park. Diamond Financial investment Properties acquired the home in 2010, according to CoStar information. Aimmune Therapeutics will keep its area on the third floor and expand into the entire 2nd floor.

Todd Graves of CBRE represented the tenant. Craig Kalinowski of Newmark Cornish & & Carey represented the proprietor. John Walz

Ventech Solutions Picks Pr. William County for Innovation Center
Ventech Solutions Inc., a details and innovation consulting and system integrations business, developed its very first operations center in the greater Washington, DC, metro area with a 23,392-square-foot facility at 10110 Battleview Parkway in Battleview Company Park situated in Manassas, VA.

. The county committed $50,000 in location incentives to Ventech. Those funds will be made use of to balance out a portion of the expenses of equipment purchases and center renovations by the business. In exchange, Ventech has actually agreed to produce 200 tasks, with a typical wage of $80,000, and invest $1 million in capital expense over a 3 year duration at its place in Prince William County. By Mark Heschmeyer

Wells Fargo Transferring in Galleria Tower I.

Wells Fargo (NYSE: WFC) signed a lease to transfer from the eighth floor to 19,238 square feet on the ninth floor at the Galleria Tower I constructing at 2700 Post Oak Blvd. in Houston. The 493,456-square-foot, 25-story office tower lies simply west of the city’s center in Houston’s Galleria/Uptown submarket.

Brad Beasley and Marilyn Guion of Colvill Office Properties represented the proprietor. By James Saris

TUV Rheinland Indicators 17,000-SF Lease in Littleton.

TUV Rheinland of North America Inc. rented 17,000 square feet of office space at 295 Foster St. in Littleton, MA. The Germany-based global service group will transfer its Boston-area operations from 1300 Massachusetts Ave. in Boxborough to the company’s new location in early 2016.

Restorations just involved May on the two-story, 96,935-square-foot workplace structure, which was initially built in 1982. The building is in Boston’s Concord/Maynard submarket and is anchored by MRV Communications.

James Lipscomb, Kirk Weller, Paul Leone and John Wilson of Transwestern RBJ represented the property owner in the lease, while Michael O’Leary and Connor Barnes of Cushman & & Wakefield represented the tenant. By Paul Dougherty

York Risk Services Leases 17,000 SF in University Research Park.

York Danger Services leased 17,776 square feet of office space at 588 Technology Ct. in Riverside, CA, for 60 months. The two-story workplace structure totals 35,776 square feet and was integrateded 2008 in the University Research Park.

Vindar Batoosingh, Philip Woodford and Marco Rossetti of CBRE represented the property manager, Valley Industrial Characteristic Inc. By Luke Andreen