Deals
Focusing on commercial property transactions? Stay up to date with the latest investment sales and lease agreements across all major commercial property types: Both traditional and flexible office space properties, retail spaces, industrial real estate, life sciences, data centers, and more.
AT&T Consolidates Northern Virginia Operations at New Chantilly Office Space
AT&T has signed a long-term lease for a five-story office building in Chantilly, Va. The 111,000-square-foot space at 4807 Stonecroft Blvd. will consolidate several of AT&T’s facilities in northern Virginia. The company’s expected move-in date is set for 2025.
WeWork Renegotiates Lease at Downtown D.C. Location
WeWork has been renegotiating more than 60 leases across various cities, including Washington, D.C. Discussions include a 14-story office space in the capital’s downtown, owned by Carr Properties, known as Midtown Center.
Portfolio Deals Take the Podium for the Most Expensive Office Sales of 2023
2023 has been a challenging year for the U.S. office market. Despite the return-to-office trend picking up steam, many investors and developers are pivoting towards more creative ways to occupy and monetize new or existing workspaces.
To gauge the impact of these shifts on the overall U.S. office landscape and to highlight the most active markets in terms of top sales values, we compiled a list of 50 of the largest office space transactions in 2023.
Seaboard Stays Put at Prologis-Owned Industrial Base in South Florida
Seaboard Marine — a global, ocean-carrier shipping services provider — has renewed its lease for its industrial base in Medley, Fla., just outside of Miami. The two deals that are part of the agreement include the 208,400-square-foot 8001 NW 79th Ave. and the 88,584-square-foot 7800-7890 NW 80th St., which the company has been occupying since the 1990s.
Zuckerman Spaeder Sets Up New Headquarters at Award-Winning DC Office
Law firm Zuckerman Spaeder has announced it will be leasing 41,000 square feet at 2100 L St. NW — a new trophy office space in Washington, D.C.’s central business district. The company is scheduled to relocate its 90-strong team of attorneys and professional staff in the opening months of 2025 upon the building’s completion.
Excelitas Technologies Inks HQ Office Lease in Pittsburgh Strip District
The future headquarters location is part of the 3 Crossing project that is still being developed in the East Pittsburgh Strip District neighborhood, part of the now famed Robotics Row.
David Yurman Signs New Deal to Expand Tribeca Headquarters
David Yurman first moved into the Hudson Square building in 2002, when it inked a lease for 65,000 square feet across 2.5 floors. A few years later, the company expanded its headquarters by another 53,500 square feet. Finally, following this most recent deal, the company tacked on an extra 32,200 square feet.
Solomon Partners Inks 15-Year Deal at 1251 Avenue of the Americas
Solomon Partners will be expanding its U.S. headquarters through a new lease at 1251 Avenue of the Americas. Formerly known as the Exxon Building, the 2.4-million-square-foot Manhattan office tower now owned by Japanese real estate developer Mitsui Fudosan will be the new home of Solomon following the signing of a 15-year agreement. The company will occupy roughly 71,000 square feet on the entire 32nd floor and part of the 31st floor of the property.
Non-Profit Safe Horizon Opens New Office in Brooklyn
Safe Horizon has announced its relocation to a 20,000-square-foot space near downtown Brooklyn. The organization — which focuses on providing support to victims of violence — will occupy the sixth floor of Quinlan Development Group’s 41 Flatbush Ave., also known as the Pioneer Building.
RectorSeal Joins Tenant Roster at Tejon Ranch Commerce Center
RectorSeal — a global manufacturer and distributor of quality HVAC/R and plumbing products — is part of a growing list of companies moving its operations from the Los Angeles basin to the Tejon Ranch Commerce Center (TRCC). The company is set to take up half of the 480,000-square-foot industrial space at 5205 S. Wheeler Ridge Road in Arvin, Calif., a property owned by a partnership of Tejon Ranch Co. and Majestic Realty since 2017.
