Wrap-Up of Largest Reported Workplace Leases Include Offers by Western Union, United Health care, Zymergen, McCain Foods and more
PTC (NYSE: PTC) is visited Boston’s Seaport District after the leading worldwide tech firm settled a deal with Skanska< a href=" http://www.costar.com/News/Article/PTC-Sets-Sail-for-Bostons-Seaport-District-with-250000-SF-HQ-Lease/194008" target =” _ blank “> to occupy 250,000 square feet at 121 Seaport Blvd. for its
home office. The computer system software and services company will move more than 1,000 employees from its Needham, MA offices to the leading half of 121 Seaport, a 421,320-square-foot, 17-story, elliptical-shaped tower that began in mid-2015 and has been lauded for its special style and sustainability functions.
The very first renter to sign on at the project, PTC accepted an 18-year lease that is scheduled to begin January 1, 2019 and run through June 30, 2037. Representatives with Cresa negotiated the lease on behalf of PTC, while Newmark Knight Frank handled negotiations for Skanska. By Sean Matthews
Western Union Leases 246,500 SF at Belleview Station for New Corporate HQ
Western Union (NYSE: MU) has finished a handle Prime West Cos. to relocate its corporate headquarters to 246,500 square feet at One Belleview Station in Denver. The American monetary services and interactions business will move next November from Meridian, CO to the leading eight floors and the sixth floor of the 15-story, 318,000-square-foot One Belleview building, which provided this past April at 7001 E. Belleview Ave. in the Denver Tech Center. Ryan Stout and Nate Bradley of Cushman & Wakefield represented Prime West Cos. in negotiations. By Raul Lozoya United Health care Leases 93,000 SF in The Corridors
Among the biggest handled healthcare companies in the United States has reached an offer to lease 92,727 square feet within The Passages workplace park in Downers Grove, IL. Minnetonka, MN-based United HealthCare( NYSE: UNH) will occupy theuninhabited 3rd, fourth and 5th floorings of Corridors Two, a 149,896-square-foot, five-story office building completed in 1999 at 2655 Warrenville Rd. in west Chicago’s Eastern East/West Passage. The company is set up to take tenancy of its new space in February 2018.
Fred Ishler and Joe Stevens of Transwestern represented SoundView in settlements, while Robert Sevim of Savills Studley represented the occupant in this transaction. By Rita Iseghohi
Biotech Start-up Zymergen Expanding Within Emery Bay Offices, Leases 83,000-SF Bay Center B.
Zymergen, a genes biotech business, is broadening its footprint within the Emery Bay Workplaces park in Emeryville, CA after inking a deal to completely inhabit the 83,620-square-foot office complex at 6455 Christie Ave.
The Bay Area start-up, which late in 2015 protected $130 million in Series B financing from Softbank, will completely occupy Building B presently the home of Novartis Vaccines & & Diagnostics. Inning accordance with CoStar information, Zymergen is expected to take occupancy of its brand-new space in early 2019.
Newmark Cornish & & Carey handled settlements on behalf of Zymergen. Aileen Dolby and Ken Meyersieck of Colliers International represented the landlords, a joint venture comprised of Harvest Residences and Principle Real Estate Investors. By John Walz
McCain Foods Signs 67,422-SF Lease at Oakbrook Terrace Tower.
McCain Foods, a frozen food maker, signed a 15-year lease for 67,422 square feet in the Oakbrook Terrace Tower at 1 Tower Ln. in Oakbrook, IL.
The 31-story office complex totals 792,192 square feet in Chicago’s Eastern East/West Corridor submarket. Established by The Beitler Co. in 1987, the property is currently owned by The Blackstone Group, which got the Class A structure in 2015 as part of a $3.3 billion portfolio acquisition.
John Ziesmer of Avison Young represented McCain Foods in lease settlements, while John Clark, Rob Lundin and John Norris of Newmark Knight Frank represented ownership. By Christopher Pressley
Torre Lazur McCann Leases 65,000 SF in Parsippany.
Torre Lazur McCann, a healthcare communications firm, < a href =" http://www.costar.com/News/Article/Torre-Lazur-McCann-Leases-65000-SF-in-Parsippany/193728" target=" _ blank" > rented 65,000 square feet of workplace at 3 Sylvan Method Parsippany, NJ.
The three-story building overalls 158,011 square feet in the Mack-Cali Service Campus. Integrated in 1988, the residential or commercial property was offered to the Mack-Cali Real estate Corporation in 2015, which finished remodelling on the building earlier this year.
David Stifelman and Chris Conklin of JLL represented the proprietor. By Antonio Ferguson
Bank of America Expands Footprint at Century Plaza in San Jose.
Bank of America (NYSE: BAC) has settled a deal with Grosvenor Americas to combine and expand its operations into more than 60,000 square feet within Century Plaza in San Jose, CA. The Charlotte-based international banking and monetary services organization has run its local head office from Century Plaza II for the last 14 years. The corporation, which over the last 2 years has revealed plans for comparable debt consolidations, will broaden from the first floor into the 3rd, 5th and 6th floorings on an offer that is arranged to start in November. Chris Gow and Anthony Guglielmi of JLL represented Bank of America in settlements, while Erik Hallgrimson and Steve Horton of Cushman & Wakefield
brokered the lease for Grosvenor. By John Walz Delta Dental Filling 43,000 SF at 560 Mission for New HQ. A little more than a month after consenting to & a different 82,000-square-foot lease in downtown Oakland, Delta Dental has signed a seven-year lease for 43,400 square feet at the J.P. Morgan Chase tower in San Francisco’s South Financial District where the oral benefits insurance company will move its corporate headquarters. For the last Thirty Years Delta Dental has actually been locateded across the street at 100 First St. That will change in mid-2018 when the business moves its head workplaces to the 12th and 13th floors of the 684,321-square-foot, 31-story tower at 560 Objective St. Mark McGranahan of Cushman & Wakefield represented the tenant; while Thomas Poggi and Angus Scott of CBRE represented ownership. By Eric Kies CBS Radio Broadcasts 28,000-SF Renewal at Colony Square. CBS Radio aired some news of its own after consenting to a long-lasting lease renewal for its 28,000-square-foot space at 400 Colony Square
in Midtown Atlanta. The lease precedes a comprehensive renovation effort slated to start this fall at Colony Square, a mixed-use advancement situated at the corner of Peachtree and 14th Streets that consists of 720,000 square feet of office space, residential apartments, the 467-room W Atlanta Midtown and the 163,000-square-foot The Square at Nest retail center. Andy Sumlin, Sonia Winfield and Laura Power of Cushman & Wakefield brokered the lease on behalf of ownership, a joint venture comprised of North American Residences and Lionstone Investments. Sam Hollis and Ken Ashley, likewise of Cushman & Wakefield, represented CBS Radio.
By Natalie Silady Sterling Bay Indications Very first Occupant at Fulton Market District Project. Chicago-based realty investment and advancement business Sterling Bay has secured its first occupant at the business’s 210 N. Carpenter task in Chicago’s Fulton Market District. Leopardo Cos., among the biggest construction companies in the United States, will relocate its Chicago workplace from 333 W. Wacker Dr. to 24,000 square feet at the 12-story, 200,000-square-foot office building Sterling Bay is establishing just west of I-90/ I-94 and the CTA-Morgan station. Not just is Leopardo the very first tenant to sign on at the project, the company has likewise been contracted to build 210 N. Carpenter with the ground-breaking having occurred earlier this month. Leopardo anticipates to relocate to its expanded area following the building’s conclusion in fall 2018. Renae Bradshaw, Eric Feinberg and Robert Sevim of Savills Studley represented Leopardo in settlements. By Abisola Osho Consuming Recovery Center Signs 11-Year Lease at One East Erie. Eating Recovery Center, a health company known for focusing on supplying extensive eating condition treatments for people, leased 22,891 square feet in the One East Erie tower at 1 E. Erie St. in Chicago. The 51-story high-rise totals 1,259,220 square feet near Chicago & State Park, Water Tower Park and Connors Park in Chicago’s North Michigan Opportunity submarket. Jordan Decker and Liz Osborne of Cushman & Wakefield represented Consuming Healing Center. Barbara Schenberg, Teddy Walsh and Jack McKinney, likewise of Cushman & Wakefield, represented owners DRA Advisors and M&J Wilkow. By Antonio Wood Cooperative credit union National Association Inks Deal
in Navy Backyard. The Cooperative credit union National Association, the largest trade association in the United States that serves the United States’ credit unions, signed a lease to inhabit the entire third flooring at Skanska’s 99 M St. SE building set up to provide this March. Occupying 22,143 square feet, the company will join PYXERA Global and CIRCA as occupants in the new 234,000-square-foot, 11-story
building SCD Acquisitions is developing one block north of Nationals Park and one block west of the Navy Lawn City Station. Lincoln Home Co.’s John Marvin Jones, Elaine Clancy, Adam Biberaj and Doug McLearn represented Skanska in this deal. By Michael Harvey WGL Energy Takes Ninth Flooring in Westwood City Tower. WGL Energy, a varied energy company offering gas and electrical services, leased an extra 19,464 square feet in the Class An office complex at 8614 Westwood Center Dr. in Vienna, VA. The company will expand from its top floor space on to the
ninth floor starting January 1, 2018. Spencer Stouffer and Caroline Collins of Cushman & Wakefield represented the proprietors, MRP Real estate and Rockpoint Group, in negotiations. By Julianne Kapelka Firley, Moran, Freer & Eassa CPA, PC Takes 18,000 SF at Barclay Damon Tower in Downtown Syracuse. Firley, Moran, Freer & Eassa Certified Public Accountant, PC has signed a lease to relocate its area workplaces to 18,767 square feet within Barclay Damon Tower in downtown Syracuse.
A leading licensed public accounting firm in Upstate & New York, Firley, Moran, Freer & Eassa CPA, PC will shift its offices from 5010 Campuswood Dr. in East Syracuse’s Leader Park to the entire 7th and a part of the ninth floor of Barclay Damon Tower, a 14-story &, 130,000-square-foot high-rise finished in 1972 at 125 E. Jefferson St. Mike Durkin of CBD Brokerage represented both the property manager and renter. By Phil Dawit NPD Group Leases 18,000 SF at 31 Penn Plaza. NPD Group, Inc., a global market research firm, leased 17,712 square feet at 132 W. 31st St. & in New york city City. Adam McCostlin, Chris Wood, David Mainthow, Jonathan Schindler and Aron Schreier of Cushman & Wakefield represented NPD in lease negotiations. Matt Astrachan, Mitch Konsker and Adam Haber of JLL represented the proprietor, Vanbarton Group. By Alex Ern Knotel Leases 18,000 SF in Times Square. Knotel, Inc., a shared workplace service provider,< a href =" http://www.costar.com/News/Article/Knotel-Leases-18000-SF-in-Times-Square/193962 ” target =” _ blank” > signed a lease for 17,560 square feet at the
9 Times Square office building situated at 200 W. 41st St. in New York City. David Falk, Eric & Cagner, Jason Greenstein and Matthew Siegel of Newmark Knight Frank represented the property owner. Gabriel Marans of Savills Studley represented the tenant. By Andrea Quach