Last Week’s Largest Leases Signed Include: Avant Health care, Cognizant, Dealertrack Tech, Franklin Synergy, HealthEquity, Oculus, Prometheus Global, Relmada and many more
Leading salt product maker Morton Salt will certainly relocate its headquarters after signing a 16-year lease for 52,600 square feet at 444 W. Lake St. in downtown Chicago. The Pickard Chilton Architects-designed River Point being established by Hines and Ivanhoé Cambridge is a 28-story, 1.05 million-square-foot workplace tower rising along the Chicago River in the city’s West Loop.
Morton Salt will relocate 300 staff members from its existing headquarters at 123 N. Wacker Dr. as well as 50 customer care center staff members in Oak Brook to the new workplace tower where it will certainly inhabit the entire 29th and 30th floors. Other validated tenants include Mead Johnson, McDermott Will & & Emery and DLA Piper LLP. Construction is set up to involve December 2016.
Lisa Davidson of Savills Studley represented Morton Salt. Tom D’Arcy and Gregory Van Schaack of Hines represented the property manager. By Sean Strausman
Mattress Company To Move Houston HQ
Houston-based Bed mattress Firm signed a 130,000-square-foot lease to consolidate two workplaces into 10201 S. Main St. in Southwest Houston. Built in 1983 at the crossway of S. Main and W. Bellfort streets, the specialized bedding retailer’s brand-new area will certainly house more than 350 staff members and afford the company added area to accommodate future development.
Currently home to Stage Stores Corporate, the complex doubles Mattress Firm’s present work stations as well as offers employees access to an on-site lunchroom, big meeting areas and conference centers, and access to such significant commuter routes as Loop 610, United States 59, SH 288 and United States 90. The company is slated to take tenancy in June 2016. By Bryce Meyers
HealthEquity Restores 81,300 SF in Draper
HealthEquity, a health cost savings account company, renewed its 81,326-square-foot lease at 15 West Scenic Pointe Dr. in Draper, UT for another 11 years. The four-story workplace structure totals 118,900 square feet in The Pointe office park. Sorenson Associates developed the home in 2007.
HealthEquity’s renewal includes the existing 81,326 square feet it inhabits on the very first, 3rd and fourth floors. Active Network is the just other occupant in the completely leased structure. In addition to the renewal, HealthEquity has actually also accepted lease 50,000 square feet in a brand-new structure to be constructed surrounding to the company’s head office. By Keith T. Eades
Oculus Leases 51,000 SF in SODO
Oculus VR, a company that is developing a virtual reality headset, signed a deal to rent the whole 51,000-square-foot 4th floor at Stadium Development Center at 1531 Utah Ave. S in Seattle. This six-story workplace building totals 173,758 square feet in the SODO neighborhood.
Scotta Ashcraft, Dan Stutz, and Dwight Newell of CBRE represented the property owner. By Phillip Weisburd
Papa Murphy’s Indicators 49,000-SF Lease in Vancouver
Papa Murphy’s International, a take-and-bake pizza business, signed a 10-year renewal and expansion offer to inhabit the whole workplace building at 8000 NE Parkway Dr. in Vancouver, WA.
The 48,544-square-foot workplace building called Clark Center was provided in 1987 in the Vancouver Shopping mall submarket. Jennifer Miesner of Columbia Commercial Characteristic LLC represented the property manager, Clark Center LLC. By Kate Retzinger
Santander Leases Extra 35,000 SF in North Richland Hills
Santander Consumer expanded into the continuing to be 35,000 square feet of space and signed a 12-year extension at the 200,611-square-foot Richland Pointe Workplace Center in North Richland Hills, TX.
The customer finance company has actually occupied 164,812 square feet at the single-story complex because 2002, a year after Dallas-based Provident Realty Advisors completed construction on the real property. Provident sold the building to Bradbury Pointe in 2007, according to CoStar information.
Chase Lopez at Stream Real estate Partners represented the property manager in this deal. By Ben Harris
Prometheus Global Media Takes 33,100 SF at Worldwide Plaza
Prometheus Global Media LLC finished a brand-new 10-year lease for 33,100 square feet at New york city REIT’s Worldwide Plaza, bringing the occupancy in the structure to 100 %.
The lease covers the entire 29th floor of the building at 825 Eighth Ave. Worldwide Plaza was built in 1989 and is consisted of a 49-story, Class-A workplace building containing 1.8 million square feet of workplace, 30,000 square feet of retail space, a five-stage off-Broadway theater, a gym and a parking garage offering 475 parking spaces. By Mark Heschmeyer
York Risk Solutions Indications Lease in Parsippany
York Danger Services Group Inc. has actually leased 33,000 square feet at 1 Upper Pond Rd. and 300 Interpace Parkway in Parsippany, NJ. The 2 areas are part of the six-pod Morris Corporate Center II office complex.
The CBRE leasing group representing the property owner, an affiliate of Brookwood Financial Partners LLC, included Leo Paytas, Garg Barkan, Garrett Rioux, and Erin Wenzler. Ben Onderdonk and George Grace with Mohn Partners Inc. represented the tenant. By Timothy Stuart
Cognizant Leases 30,000 SF in Tampa
Cognizant, an infotech consulting business, signed a lease for 29,952 square feet in the Highland Oaks V office building at 10401 Highland Manor Dr. in Tampa.
The three-story building totals in 98,472 square feet in the Highland Oaks workplace park. The Blackstone Group LP acquired the building in 2011, according to CoStar information. Cognizant’s lease is on the second floor of the structure. Other renters consist of Bank of America and KCI Technologies.
Roxanne Kemph of CBRE represented The Blackstone Group in the transaction. By Benjamin Caffey
BPA Leases 25,000 SF in the Couve
Bonneville Power Administration (BPA) signed an eight-year lease for 25,469 square feet in The 4400 Bldg at 4400 NE 77th Ave. in Vancouver, WA. BPA’s lease consists of numerous suites on several floors at the workplace building, which totals 95,873 square feet throughout 3 stories.
Kristin Hammond and Trevor Kafoury of CBRE represented BPA. Eric Fuller and KC Fuller of Eric Fuller & & Associates Inc. represented the property owner. By Krishna Chandrasekaran
Dealertrack Technologies Leases 24,907 SF in Dallas
Dealertrack Technologies Inc., a web-based automobile innovation options carrier, signed a lease for 24,907 square feet in the office structure at 13737 Noel Rd. in Dallas. Dealertrack already occupies 108,994 square feet in the Galleria North Tower I, and this brand-new space on the 11th floor expands the business’s footprint to a total of 133,901 square feet.
Dealertrack now represents more than 35 % of the building’s tenancy and leaves about 21,322 square feet remaining for lease in the Class A Quorum/Bent Tree workplace building, according to CoStar info. Trey Smith and Chris Taylor of DTZ represented the property manager, Deutsche Possession & & Wealth Management and Iowa Public Employees Retirement System, in arrangements. By Ben Harris
Newfield Exploration Signs 10-Year Lease
Oil and gas exploration firm Newfield Exploration signed a 10-year lease to occupy 24,910 square feet on the ninth floor of 24 Waterway Ave. in The Woodlands, TX. The 13-story office structure was built in 2008 in Montgomery County simply south of Woodlands Mall and near Waterway Square.
Newfield was established in 1988 and has several locations throughout the United States and a workplace in China. Steve Sim represented Black Forest Ventures in-house. By Bryan McCaslin
Relmada Transferring HQs
Relmada Therapeutics Inc. agreed to lease a part of the seventh floor (Suite 702) at 275 Madison Ave. in New York from with an affiliate of RFR Real estate. The lease has a regard to 7 years and three months.
RFR Real estate LLC and Jones Lang LaSalle represented the property manager. Lee & & Associates represented the occupant. By Mark Heschmeyer
Niles Barton & & Wilmer Renews Harborplace Tower Lease
Niles, Barton & & Wilmer LLP renewed its 21,835-square-foot lease at Harborplace Tower in downtown Baltimore for an extra 10 years. The law firm will certainly remain to occupy the entire 14th floor with strategies to renovate its existing space.
Harborplace Tower was constructed in 1988 at 111 S. Calvert St. near the Baltimore Harbor in the city’s main downtown. Niles, Barton & & Wilmer is an original renter and has actually had its office in the structure for 27 years.
Courtenay Jenkins and Stuart Rienhoff with Cushman & & Wakefield represented the occupant, while Tim Jackson, also with Cushman & & Wakefield, represented the proprietor, General Growth Residences. By Vernon Uzzell
Pond & & Co. Renews, Expands in Norcross
Pond & & Co., a full-service architecture and engineering company, renewed and broadened its office at Peachtree Ridge for a combined total of 63,000 square feet. The five-year lease renewal is set to begin before the end of this quarter.
Peachtree Ridge is a 161,411-square-foot, Class A workplace building, at 3500 Parkway Lane in Norcross, GA. PM Realty Group executive vice president Chip Roach and vice president Stephen Clifton represented the building’s financial investment manager, FCA Partners. Craig Goldberg, first vice president of CBRE represented the tenant. By Mark Heschmeyer
Franklin Synergy Takes Another 16,800 SF
Franklin Synergy Bank entered into a triple net lease with Columbia Opportunity Partners LLC for additional office at 120 9th Ave. South in Franklin, TN near Nashville.
Columbia Avenue Partners is an affiliate of Henry W. Brockman and Dr. David H. Kemp, each of whom are directors of the business and the bank. The lease is for 16,785 rentable square feet and has a term of 15 years. By Mark Heschmeyer
Avant Health care Leases 16,000 SF in Casselbery, FL
Avant Health care signed a 16,336-square-foot renewal at 1211 Semoran Blvd. in Casselberry, FL. The three-story, 79,560-square-foot workplace structure was constructed in 1986 in the Maitland submarket.
Chad Rupp of Franklin Street Realty Services represented both parties in the deal. By Scott Layton
Mt. Sinai’s Icahn School of Medication Leases 15,000 SF in Tribeca
The Icahn School of Medication at Mt. Sinai signed a 14,607-square-foot lease at 255 Greenwich St. in Tribeca. The 14-story, 600,000-square-foot office building was constructed in 1987, simply a couple of blocks from the World Trade Center.
The Cushman & & Wakefield team of Jonathan Serko and Frank Cento represented Mt. Sinai. Dennis Brady and Brett Greenberg with Jack Resnick & & Sons represented the proprietor in-house. By Brittany Cantwell