Office
GrubHub Signs 60 KSF Chicago Office Lease
Looking to expand its space along with its increasing success, GrubHub has signed a lease for nearly 59,500 square feet of office space at Burnham Center, Harbor Group International’s historic 580,000-square-foot high-rise in downtown Chicago’s Central Loop submarket.
Madison Spends $123M for 57 Percent Share in Iconic Frankfurt Office Complex
Madison International Realty of New York, together with its German subsidiary Madison Real Estate, has signed a purchase agreement for Morgan Stanley P2 Value’s 56.95 percent interest in the Trianon complex in Frankfurt — for a reported $123 million.
682 KSF Pennsylvania Office Park Gets $45M Refi
Cedar Crest Professional Park, a 682,000-square-foot professional office campus just outside of Allentown in Pennsylvania’s Lehigh Valley, has been refinanced to the tune of $45 million by MRA Realty Advisors on behalf of Cedar Crest Professional Park VII.
Wells Core REIT Purchases 10-Story, 268 KSF Office Building in D.C. Submarket
Wells Core Office Income REIT of Norcross, Ga., has acquired a 10-story Class A office property in Herndon, Va., near Dulles International Airport outside Washington, D.C.
Minshall Stewart Spends $62M on 10-Story D.C. Office Building
Five years after trading for $66 million, the Class A office building at 2001 L St., N.W., in Washington, D.C., has sold for nearly $62 million to Minshall Stewart Properties.
Goodrich Inks 105 KSF Office Lease in California
Aerospace company Goodrich Corp. has signed a 104,662-square-foot lease at the Brea Imperial Center in Brea, Calif., bringing the facility to 100 percent occupancy.
Pru Delays $444M Newark Tower
The near-term fate of Prudential Financial’s proposed $444 million, 650,000-square-foot office-tower development in downtown Newark rests with the New Jersey Economic Development Authority and the Appellate Division of New Jersey’s Superior Court.
$127M Loan on Cleveland Office Latest Refi Success Story
The $127 million refinance of Harbor Group International’s 200 Public Square office tower in downtown Cleveland is both one of the larger recent CRE refis and an example of the current refi trend.
Research Firm CNA Inks 173 KSF Lease in Arlington
Construction has not yet commenced on the 200,000-square-foot office building at 3001 Washington Blvd. in Arlington, Va., but it’s already near maximum occupancy, courtesy of a 173,000-square-foot commitment from CNA.
Granite Properties Buys Denver Tower, Dallas Plaza
Granite Properties has made two major office purchases in the last few days: Plaza Tower One in Denver and Cedar Maple Plaza in Dallas.