Office
The Mosaic Co. Relocating to Iconic Tampa High-Rise
The company will move its headquarters from Minnesota to Bank of America Plaza. The deal marks Tampa Bay’s first Fortune 500 corporate relocation.
Heitman Pays $73M for Trophy SF Office Building
The LEED Gold-certified property dubbed 500 Pine came on line in 2017 and is one of the newest office developments in the city’s North Financial submarket.
Banyan, Oaktree Capital Buy Tampa Trophy Tower for $110M
Cushman & Wakefield represented Alliance Partners HSP in the sale of Tampa City Center, a 38-story, 757,425-square-foot downtown office building.
Zamir Equities Buys 560 KSF Cleveland Office High-Rise
In a deal facilitated by HFF, American Landmark Properties Corp. sold 1111 Superior Ave. four years after having acquired the asset half-full for $19.5 million.
Alta Properties Offloads Atlanta Office for $27M
The buyer selected Avison Young to oversee property management and financed the acquisition with a five-year, $18 million loan held by Capital Bank.
Boston’s 121 Seaport: Behind the Signature Design
The high-rise has an elliptical silhouette, shaped by the need to avoid building over the transit tunnel and to reduce wind drag. Phil Casey, principal at CBT Architects, shares details of the design process, along with some current office trends.
Lexington Realty Trust Signs 21 KSF Tenant in Houston
The tenant, a home construction firm, will occupy the first floor of the REIT’s 155,000-square-foot office building in the Energy Corridor submarket.
Crocker Partners Buys $55M Orlando Office Portfolio
Wells Fargo Bank provided financing to facilitate the acquisition of Northpoint Center. The three-building asset encompasses roughly 335,000 square feet in Lake Mary.
St. John Properties Inks 3 Baltimore-Area Leases
The firm signed American Pool Enterprises, USA Marble and Granite LLC, as well as Erickson Living to new spaces totaling 35,000 square feet.
Tech Office Leasing in NYC Continues at Torrid Pace
Office leasing in Manhattan by tech companies exceeded 1 million square feet for the ninth consecutive year, according to CBRE.