Office
Law Firm Signs 60 KSF Sublease at 425 Lexington Ave.
In a deal brokered by Savills Studley, Holwell Shuster & Goldberg LLP will occupy three floors in JP Morgan Asset Management’s Class A tower.
JV Sells Two Prime NJ Office Assets
Somerset Properties and Greenfield Partners LLC selected Colliers as the exclusive agent for the disposition of 400 and 406 Lippincott Drive in Marlton, N.J. The two Class A office buildings total more than 80,000 square feet.
Millennials in the Workplace: 9 Insights
Industry leaders at a panel during Realcomm revealed how their companies react to the deluge of Millennials in today’s workforce, from changing office design trends to management strategies.
Cummings Completes First Acquisition in Andover
The company acquired the Class A office/R&D building for $12 million. The property is 71 percent occupied by a diverse roster of tenants.
Law Firm to Relocate to Downtown Phoenix
Cantor Law Group is moving to Renaissance Square. JLL negotiated the 24,233-square-foot lease on behalf of the tenant, while Lee & Associates represented the owners.
Jacksonville Office Asset Lands $19M Refi
HFF secured the loan on behalf of the owner, Taurus Investment Holdings LLC. The property is part of Deerwood Park, the largest full-service campus in Jacksonville, Fla.
Hines to Redevelop London Office Asset
The redevelopment of 25 Cabot Square will bring approximately 200,000 square feet of new office space to the market. The project is scheduled for completion in late 2018.
Avison Young to Lease Thor Equities’ NYC Office Portfolio
A five-broker team fronted by Avison Young’s Arthur Mirante II and John Ryan III will co-handle leasing and marketing operations for the Class A and B properties.
Mizuho Consolidates NYC Offices on Avenue of the Americas
The Japanese bank will relocate its U.S. headquarters to the Rockefeller Group’s recently redeveloped 1271 Avenue of the Americas in Manhattan. The firm plans to occupy 148,000 square feet on the building’s below-grade, second and third floors.
Newmark Secures $68M Financing for Silicon Valley Assets
The recent long-term financing for two office properties and a big-box retail center brings the firm’s debt transaction volume in these submarkets to $157 million in 2017.