Deals
Longfellow Real Estate Partners Acquires San Diego Office Property
The company will continue an extensive renovation plan that the previous owner begun, repositioning Sycamore Creek Research Park to accommodate life science and creative office users.
Tampa Distribution Center Trades for $69M
Link Industrial Properties acquired the 955,000-square-foot, Class A industrial asset located just off Selmon Expressway. Cushman & Wakefield negotiated the deal on behalf of the seller.
Japan’s Consulate General Renews Manhattan Lease
The agreement follows a host of new and extended commitments at 299 Park Ave. since Fisher Brothers announced plans to renovate the 1.2 million-square-foot office tower.
OneLegacy Buys LA-Area HQ
The buyer intends to move to the nearly 100,000-square-foot asset from its downtown Los Angeles location, with plans to add a recovery center and conference center.
Accenture is New Anchor at Chicago Trophy Tower
The professional services company is more than doubling its footprint at 500 West Madison, which is being rebranded Accenture Tower.
San Francisco’s One Montgomery Terrace Sells for $82M
CBRE arranged the sale of the historic office building in the city’s North Financial District. The firm also secured $76.6 million in acquisition financing.
KC’s Crown Center Nabs New Tenants
Local group PB&J Restaurants will replace the 8,400-square-foot Milano Italian Dining with a Burnt End BBQ restaurant and a full-service Starbucks.
San Diego Office Complex Trades for $51M
Parallel Capital Partners bought the two-building asset in the Kearny Mesa submarket from Blackstone affiliate EQ Office. The seller had acquired the property as part of a $3.3 billion portfolio deal.
Publicis Groupe Inks 1 MSF Lease at NYC Home
The French advertising and public relations firm has renewed 680,000 square feet and signed on for an additional 280,000 square feet at Hudson Square Properties’ 375 Hudson St. office tower.
Sprint Closes Sale of 4 MSF Campus
Occidental Management, the new owner, cinched a sale-leaseback deal for Sprint’s 190-acre spread in Overland Park, Kan. The telecom company’s merger with T-Mobile is widely believed to be imminent.