Deals
Paramount Group Signs First Republic to SF Lease Expansion
The financial services provider’s 515,000-square-foot lease at One Front Street accounts for 80 percent of the 38-story trophy tower.
TA Realty Pays $139M for LA County Office Tower
The subsidiary of The Rockefeller Group acquired the building in El Segundo, Calif., ahead of sole tenant Northrop Grumman’s lease expiry. VEREIT is the former owner of the 340,000-square-foot tower.
Bank of America Renews 545 KSF Lease at Boston Tower
Boston Properties inked a 15-year agreement at 100 Federal Street in the city’s financial district. The tenant’s contract was scheduled to expire in 2022.
Howard Hughes Corp. Wraps Houston Build-to-Suit Development Deal
Alight Solutions will occupy the 180,000-square-foot, four-story building within the Research Forest technology corridor in The Woodlands under a long-term agreement.
OakPoint Acquires Austin Office Asset
The firm purchased Westlake Place, a five-story property in southwest Austin, from Moore & Associates. HFF arranged acquisition financing on behalf of the buyer.
Pittsburgh Industrial Portfolio Trades for $38M
CBRE represented the seller, Bentall Kennedy, in the sale of the seven-building industrial portfolio. The properties include approximately 408,000 square feet of space located near the city’s downtown.
RFR Buys Manhattan Asset for $123M
ASB Real Estate Investments sold the historic building at 875 Washington St. in the Meatpacking District on behalf of its Allegiance Real Estate Fund.
SmartStop Acquires NJ Storage Facility in $30M Deal
Levin Johnston of Marcus & Millichap facilitated the sale-leaseback of the 1,777-unit property in Newark, N.J.
Colliers Lands 2 Michigan Stores for Gourmet Donut Brand
The Donut Conspiracy is opening locations in Grand Rapids and Grandville with help from Colliers International, which found the new sites for the dessert and coffee retailer.
Investcorp Acquires $170M Industrial Portfolio
The eight buildings, which are spread across the U.S., comprise 1.4 million square feet and are 100 percent leased to such tenants as FedEx Ground and XPO Logistics.