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