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