Weekly Wrap-Up of Largest Reported Office Leases Include: Comerica Bank, CA Dept. of Corrections and Rehabilitation, Sumitomo, Marsh & & McLennan and more
BlackRock, Inc. has finalized a new workplace prelease committing to roughly 847,000 square feet in the proposed 50 Hudson Yards workplace tower in New York City on a 20-year offer. The planned 62-story, 2.9 million-square-foot, 5-Star workplace tower is set to break ground next year at the corner of W. 34th St. and 10th Ave. in Manhattan’s Penn Plaza/ Garment District submarket within the renowned Hudson Backyards advancement. The residential or commercial property is owned by 50 HYMC Owner LLC, a joint-venture collaboration between The Associated Companies LP and Oxford Hudson Yards LLC. Related is developing the tower, with management by the Metropolitan Transport Authority (MTA ). Considering that 2001, the City of New York, the MTA and the State of New york city have worked to change the
previous enterprise zone into a pedestrian-friendly, transit-oriented mixed-use district. The re-zoned area includes capability for up to 26 million square feet of new office advancement, 20,000 real estate units, 2 million square feet of retail area and 3 million square feet of hotel/ hospitality area in addition to public space, parks and entertainment locations, increased public transit via the prolonged No. 7 train line, a public school and more. By Justin Sumner Comerica Bank Inks 222,000-SF Extension at Downtown Dallas Head office Comerica Bank( NYSE: CMA) is keeping its headquarters in
downtown Dallas after themonetary services business signed an extension for 222,000 square feet of business office space at 1717 Main St. Comerica moved its head offices from Detroit to the 60-story, 1.5 million-square-foot high-rise in Dallas’ central enterprise zone more than a years earlier. The new lease will keep the company in the building through September 2028. Phil Puckett, John Woolsey, Harlan Davis and Jamie Dingeman of CBRE, in partnership with internal
representative Michael Venetis, negotiated the renewal on behalf of Comerica Bank. Ken Moczulski, Joel McCarty and Mike Silliman dealt with negotiations internal on behalf of building owner, M-M Properties. By Bryce Meyers CA Dept. of Corrections and Rehabilitation Restores 139,500-SF HQ Lease in Sacramento The California Department of Corrections and Rehab (CDCR) will keep its head office at 9838 Old Placerville Rd. in Sacramento, CA after accepting an eight-year renewal with building owner, Goldenberg & Associates. CDCR has totally inhabited the 139,500-square-foot, two-story office building because 2007, according to CoStar information. Finished in 1985, the residential or commercial property lies within the South Bradshaw Company Park in east Sacramento’s Highway 50 Corridor. Ron Thomas & Chris Schwarze of Cushman & Wakefield represented Goldenberg & Associates, while Murray Wachtel of Newmark Cornish & Carey represented the CDCR. By Lorna Dorfman Sumitomo Mitsui Leases & 101,000 SF in White Plains Sumitomo Mitsui Banking Corporation signed a 13-year lease for 101,000 square feet
in the Gateway 1 office complex at 1 N. Lexington Ave. in White Plains, NY. The 19-story building totals 530,519 square feet. Sumitomo will occupy floors 6, 9
and ten when they move in later on this year. William Cuddy, Jr. and Jacqueline Novotny of CBRE represented the property manager.
Costs Peters, Derek Trulson, Robert Ageloff and Paul Tortora of JLL represented the occupant. By Andy Phu Marsh & McLennan Leases 71,000 SF in DTLA Insurance providers Marsh & McLennan Business has signed a 15-year office lease for 71,094 square feet in the United States Bank Tower office building at 633 W. 5th St. in Los Angeles, CA. The 75-story building amounts to more than 1.4 million square feet in the financial district of the Greater Downtown Los Angeles submarket. The tallest office building west of Chicago includes amenities consisting of 24-hour manned security, a renovated lobby, observation deck and occasion space. Jeff Welch, Lynn Williams and Michael Hartwick of CBRE represented the renter. John Eichler, Peter Collins and Tyler Stark of Cushman & Wakefield represented the landlord, Singapore-based institutional investment company Overseas Union Enterprise, Ltd. By Jenny Zhan Ascensia, Exelon & Indication Leases at Top at Westchester Workplace Park 2 occupants rented a total of 81,442 square feet in the Top at Westchester office complex situated at 100 and 500 Summit Lake Dr. in Valhalla, NY. Ascensia Diabetes Care U.S., Inc., a worldwide diabetes health management company, leased 65,000 square feet at 100 Top, taking the top two floorings of the building by year-end. Exelon Generation Company took 16,442 square feet at 500 Summit and will take tenancy of its first flooring space this summer. William Cuddy, Brian Carcaterra, Mike McCall and Jacqueline Novotny with CBRE, along with Robert Swierbut, Willard Overlock and Larry Kwiat with SL Realty Corp. represented the property manager
, Reckson, a division of SL Green Realty Corp. Ascensia was represented by Steve Rotter and Conor Gill of JLL. Exelon did not have tenant representation. By Daniel Hausman Air Approaches Shifting Corporate Workplaces to Landmark Corporate Center in Englewood Air Methods has signed a lease that will see the air medical transportation organization transfer its corporate workplaces to the Landmark Corporate Center in Englewood, CO. The company reached a long-term head office handle structure owner Northstar Commercial Partners for 62,124 square feet within 5500 S. Quebec St., a 215,000-square-foot, three-story office complex found off I-25 in the Denver Tech
Center. Doug Wulf, Dan Miller, Whitney Hake and Andrew McCabe of Cushman & Wakefield handled negotiations on behalf of Northstar. By Bryce Meyers Capital One Increases Footprint to 130,000 SF at Flatiron Tower Capital One signed a 16-year, 52,000-square-foot workplace lease at 11 W.
19th St. in New york city City, broadening its footprint at the tower to 130,000 square feet. The 11-story structure overalls 278,564 square feet in the Chelsea submarket of Manhattan, in between Fifth and Sixth Avenues. Capital One now occupies about 46 percent of the structure including its sublease space on the 2nd, 3rd and 4th floors. Bob Savitt and Brian Neugeboren of Savitt Partners LLC represented the proprietor. Dale Schlather of Cushman & Wakefield represented the renter.
By Samantha Reeves VideoBlocks Leases +21,000 SF in Arlington’s Courthouse Tower VideoBlocks, a service provider of a subscription-based virtual library of videos, graphics and music tracks for amateur filmmakers, signed a lease to transfer its head office from Reston to 21,814 square feet in the office building at 1515 N. Courthouse Rd. in Arlington, VA. The 12-story building totals 259,110 square feet and is understood as the Court house Tower. The Holladay Corp. established the residential or commercial property in 1999. Jay Farmer of JLL represented VideoBlocks. Neil Alt and Correll
Caulfield of Lincoln Property Co. represented the landlord. By Christian Powell Regional 881 Leases 18,890 SF in Des Plaines Regional 881, a regional union chartered by the UFCW International, signed a long-lasting lease for 18,890 square feet in the
office complex at 1350 E. Touhy Ave. in Des Plaines, IL. The three-story structure overalls 244,049 square feet and delivered in 1980. Local 881 is broadening its office by around 25 %in
its moving from the business’s previous area at 10400 W. Higgins Rd. in Rosemont, IL. Fred Ishler, Joseph Stevens and Lindsay Borkan of Transwestern represented the landlord, DeerPark Investors. John Springer and Gary Fazzio of CBRE represented the tenant. By Enid Guerrero First American Financial Leases 18,000 SF on 42nd St. First American Title Insurer signed a 10-year lease for 17,984 square feet in the Greenpoint Bldg at 110 E. 42nd St. in New york city City. The 18-story structure totals 293,878 square feet in the Grand Central submarket of Manhattan. First American Financial’s lease includes the entire 10th flooring. Howard Tenenbaum and Gary Rosen of SL Green Realty Corp. represented the property owner in-house. Robin Fisher and Christie Bennett with Newmark Grubb Knight Frank represented the renter. By Neal Carr Krage & Janvey Extends,
Expands HQ at 2100 Ross in Downtown Dallas Krage & Janvey has signed & a renewal and expansion for the company’s corporate office space at 2100 Ross Ave. in downtown Dallas. The Texas-based business and business law office will inhabit almost 14,000 square feet on the 26th flooring of the 866,709-square-foot, 33-story tower on an offer that will keep the company in its area through October 2027.
Matt Burton of Mohr Partners International handled settlements on behalf of Krage & Janvey, while Jon Altschuler, Sm Meginnis and Mike Dement of Altschuler and Co. represented the landlord. By David Jubar