{"id":1004546197,"date":"2021-08-12T03:27:30","date_gmt":"2021-08-12T11:27:30","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004546197"},"modified":"2022-12-08T14:44:23","modified_gmt":"2022-12-08T22:44:23","slug":"top-office-deliveries-2021","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/top-office-deliveries-2021\/","title":{"rendered":"Top Office Deliveries"},"content":{"rendered":"\n
\n
\"\"<\/figure>\n\n\n\n

Despite pandemic-induced delays in construction, developers managed to deliver some of the largest office projects in the nation in 2021. In the first half of the year, 246 office projects totaling more than 39 million square feet were completed, according to CommercialEdge data. This marks a 13 percent increase from the same period last year when 34 million square feet of office space came online. As of July, 904 office projects totaling some 215 million square feet were under construction nationwide.<\/p>\n\n\n\n

Charlotte led the way in terms of completions between January and June 2021, with 10 deliveries totaling 2.6 million square feet of office space. Atlanta came in second, with six properties encompassing nearly 2.6 million square feet, followed by San Francisco (2.4 million square feet) and Dallas (2.2 million square feet). The list below highlights the largest office deliveries in the first half of the year, based on CommercialEdge data.<\/p>\n\n\n\n

Rank<\/strong><\/td>Property Name<\/strong><\/td>Market<\/strong><\/td>Office Sq Ft<\/strong><\/td>Completion Date<\/strong><\/td>Owner<\/strong><\/td><\/tr>
1<\/td>State Farm at Park Center \u2013 Buildings 2 & 3<\/td>Atlanta<\/td>1,700,000<\/td>01\/01\/2021<\/td>State Farm Insurance<\/td><\/tr>
2<\/td>Nike World Headquarters \u2013 Serena Williams Building<\/td>Portland<\/td>762,000<\/td>05\/01\/2021<\/td>Nike<\/td><\/tr>
3<\/td>Ally Charlotte Center<\/td>Charlotte<\/td>756,521<\/td>05\/01\/2021<\/td>Crescent Communities<\/td><\/tr>
4<\/td>Indeed Tower<\/td>Austin<\/td>673,438<\/td>05\/31\/2021<\/td>Kilroy Realty<\/td><\/tr>
5<\/td>Block 162<\/td>Denver<\/td>584,737<\/td>04\/01\/2021<\/td>Patrinely Group<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Source: CommercialEdge<\/em><\/p>\n\n\n\n

5. Block 162, Denver <\/h2>\n\n\n\n
\"Block
Block 162 in Denver. Image courtesy of Patrinely Group<\/figcaption><\/figure><\/div>\n\n\n\n

In April, Patrinely Group and USAA Real Estate Co. wrapped up construction on Block 162, a 594,637-square-foot office building at 675 15th St., in the city\u2019s central business district. The property includes 584,737 square feet of office and 9,900 square feet of retail space.<\/p>\n\n\n\n

The joint venture started construction on the 30-story property in June 2018, with Pacific Coast Capital Partners backing the development with a $188.8 million loan. In one of the largest downtown leases<\/a> closed since the onset of the pandemic, law firm Sherman & Howard LLC signed on to occupy 60,000 square feet within the Gensler-designed building, which will serve as its future headquarters. <\/p>\n\n\n\n

4. Indeed Tower, Austin<\/h2>\n\n\n\n
\"\"
Indeed Tower. Rendering courtesy of Kilroy Realty<\/figcaption><\/figure><\/div>\n\n\n\n

At the end of May, Trammell Crow and Principal Real Estate Investors delivered Indeed Tower, a 708,438-square-foot asset at 200 W. Sixth St. in Austin\u2019s CBD. The building encompasses 673,438 square feet of office space, as well as a food hall and retail components. The project broke ground in October 2017; shortly after its completion, Kilroy Realty Corp. agreed to acquire the asset for $580 million<\/a>.<\/p>\n\n\n\n

Rising 554 feet, the building is now the city\u2019s tallest office tower. Anchor tenant Indeed occupies more than 307,000 square feet. The tenant roster also includes<\/a> the Teacher Retirement System of Texas, Brown Advisory Group and law firm Vinson & Elkins.<\/p>\n\n\n\n

3. Ally Charlotte Center, Charlotte<\/h2>\n\n\n\n
\"\"
Ally Charlotte Center. Rendering courtesy of Crescent Communities<\/i><\/figcaption><\/figure><\/div>\n\n\n\n

Crescent Communities recently finished work on the 786,155-square-foot Ally Charlotte Center. Encompassing 756,521 square feet of office and nearly 30,000 square feet of retail space across a full city block, the building was the second-largest upcoming office property in the metro\u2014and North Carolina<\/a>. <\/p>\n\n\n\n

The 26-story tower is located at 601 S. Tryon St., where a Goodyear auto shop once stood. In addition to its office and retail components, it also includes a 1,436-stall parking garage and a 381-key hotel developed by White Lodging. Ally Financial Inc. will anchor the building, taking up 400,000 square feet of office space for its newest corporate center.<\/p>\n\n\n\n

2. Nike World Headquarters – Serena Williams Building, Beaverton, Ore.<\/h2>\n\n\n\n
\"\"
Nike World Headquarters expansion. Rendering courtesy of Skylab Architecture<\/figcaption><\/figure><\/div>\n\n\n\n

The second-largest delivery on the list is the Serena Williams Building within Nike World Headquarters. The 1 million-square-foot building includes 762,000 square feet of office space and is the largest addition to Nike\u2019s expanding campus, spreading across three city blocks at 1 Bowerman Drive in Beaverton, Ore.<\/p>\n\n\n\n

Completion was initially scheduled for the end of 2020, but the project was finished in early May largely because of pandemic-induced delays. ZGF Architects, SRG Partnership and Skylab Architecture provided the design plans, while PLACE handled the landscape architecture. What\u2019s more, the asset features a parking garage with 1,400 spaces inspired by the sporting heritage of New York City, as well as 238,000 square feet of auxiliary space.<\/p>\n\n\n\n

1. State Farm at Park Center – Buildings 2 & 3, Atlanta<\/h2>\n\n\n\n
\"\"
Phase II of State Farm at Park Center. Image courtesy of KDC<\/i><\/figcaption><\/figure><\/div>\n\n\n\n

The largest office delivery in the first half of 2021 was the second phase of State Farm at Park Center, consisting of Buildings 2 & 3. Totaling 1.7 million square feet of office space, the 18- and 22-story assets were completed at the beginning of the year and include a total of 50,000 square feet of first-floor retail. The first building within the complex, known as Park Center 2, opened in June 2020. <\/p>\n\n\n\n

Located at 1111 Hammond Drive in the city\u2019s Central Perimeter submarket, State Farm at Park Center is the largest corporate office project in the metro\u2019s history, rising on the site of the former Hammond Exchange building. Anchor tenant State Farm Life Insurance aims to consolidate 8,000 employees within the Cooper Carry-designed mixed-use campus.<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

According to CommercialEdge, 246 office projects came online across the U.S. in the first half of 2021. This included the largest corporate office project in Atlanta\u2019s history.<\/p>\n","protected":false},"author":741,"featured_media":1004546300,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,1586,21782,41288,23891,21742,21747],"tags":[39329,33134,33948,36577,35042],"class_list":["post-1004546197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-dallas","category-development","category-rc-listicles","category-national","category-latest","category-office","tag-topofthelist","tag-kilroy-realty-corporation","tag-patrinely-group","tag-state-farm-life-insurance","tag-trammell-crow"],"acf":[],"yoast_head":"\nTop Office Deliveries - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/top-office-deliveries-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top Office Deliveries\" \/>\n<meta property=\"og:description\" content=\"According to CommercialEdge, 246 office projects came online across the U.S. in the first half of 2021. This included the largest corporate office project in Atlanta\u2019s history.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/top-office-deliveries-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-12T11:27:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T22:44:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Top-5-Office-Deliveries-H1-featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"533\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Corina Stef\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-office-deliveries-2021\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/top-office-deliveries-2021\/\",\"name\":\"Top Office Deliveries - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-office-deliveries-2021\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-office-deliveries-2021\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Top-5-Office-Deliveries-H1-featured.jpg\",\"datePublished\":\"2021-08-12T11:27:30+00:00\",\"dateModified\":\"2022-12-08T22:44:23+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/73262f140f4b0a11baea2dd6f27beadf\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-office-deliveries-2021\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/top-office-deliveries-2021\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-office-deliveries-2021\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Top-5-Office-Deliveries-H1-featured.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Top-5-Office-Deliveries-H1-featured.jpg\",\"width\":533,\"height\":400},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/top-office-deliveries-2021\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Top Office Deliveries\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/73262f140f4b0a11baea2dd6f27beadf\",\"name\":\"Corina Stef\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Corina-Stef.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Corina-Stef.jpg?w=96\",\"caption\":\"Corina Stef\"},\"description\":\"Corina Stef started her tenure as a music journalist a decade ago and has been occupying a full-time real estate editor and blogger position since 2017. She is a senior associate editor with Commercial Property Executive and Multi-Housing News who focuses on commercial real estate trends and in-depth stories.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/corina-stef\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Top Office Deliveries - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/top-office-deliveries-2021\/","og_locale":"en_US","og_type":"article","og_title":"Top Office Deliveries","og_description":"According to CommercialEdge, 246 office projects came online across the U.S. in the first half of 2021. This included the largest corporate office project in Atlanta\u2019s history.","og_url":"https:\/\/www.commercialsearch.com\/news\/top-office-deliveries-2021\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2021-08-12T11:27:30+00:00","article_modified_time":"2022-12-08T22:44:23+00:00","og_image":[{"width":533,"height":400,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Top-5-Office-Deliveries-H1-featured.jpg","type":"image\/jpeg"}],"author":"Corina Stef","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/top-office-deliveries-2021\/","url":"https:\/\/www.commercialsearch.com\/news\/top-office-deliveries-2021\/","name":"Top Office Deliveries - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/top-office-deliveries-2021\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/top-office-deliveries-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Top-5-Office-Deliveries-H1-featured.jpg","datePublished":"2021-08-12T11:27:30+00:00","dateModified":"2022-12-08T22:44:23+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/73262f140f4b0a11baea2dd6f27beadf"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/top-office-deliveries-2021\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/top-office-deliveries-2021\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/top-office-deliveries-2021\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Top-5-Office-Deliveries-H1-featured.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Top-5-Office-Deliveries-H1-featured.jpg","width":533,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/top-office-deliveries-2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Top Office Deliveries"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/73262f140f4b0a11baea2dd6f27beadf","name":"Corina Stef","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Corina-Stef.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Corina-Stef.jpg?w=96","caption":"Corina Stef"},"description":"Corina Stef started her tenure as a music journalist a decade ago and has been occupying a full-time real estate editor and blogger position since 2017. She is a senior associate editor with Commercial Property Executive and Multi-Housing News who focuses on commercial real estate trends and in-depth stories.","url":"https:\/\/www.commercialsearch.com\/news\/author\/corina-stef\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Top-5-Office-Deliveries-H1-featured.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004546197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/741"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004546197"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004546197\/revisions"}],"predecessor-version":[{"id":1004617972,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004546197\/revisions\/1004617972"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004546300"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004546197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004546197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004546197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}