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.
Flight to Quality Continues: Zurich North America Set to Move to Willis Tower Office
Zurich North America is relocating its Chicago operations from its downtown location. The insurer signed a 52,000-square-foot lease at the iconic Willis Tower, a move that effectively halves its office space in Chicago.
FGS Global Inks New Lease at Vornado-Owned Penn 2
FGS Global committed to a 15-year lease for 80,000 square feet at Penn 2, Vornado Realty Trust’s newly redeveloped office tower situated directly above Penn Station. The firm will occupy the entire 16th floor and a portion of the 17th floor. Asking rent for this premium space was $115 per square foot. The building is now about 70% occupied.
Textile Manufacturer Northwest Group Signs Lease for Inland Empire Facility
Northwest Group — a prominent textile manufacturer based in Garden City, N.Y. — has secured a substantial, 61-month lease for an industrial space in Riverside County, Calif.
Law Firm Lewis Brisbois Secures Financial District Office
In a significant move for the Financial District, Union Investment’s 140 Broadway has landed another major tenant with law firm Lewis Brisbois Bisgaard & Smith signing a deal for 70,000 square feet of office space in Manhattan. This transaction was the second largest lease signed in Lower Manhattan during the third quarter.
Drawbridge Realty Buys & Secures Lease Deal for Orange County Office Campus
Drawbridge Realty recently closed a deal for approximately $78 million to acquire The HIVE from Invesco Real Estate. This latest addition is a 190,000-square-foot office campus in Orange County, Calif. Eastdil Secured brokered the sale.
Ikea Buys SoHo Retail Building for 2nd Manhattan Store
IKEA parent company buys 529 Broadway, currently home to Nike’s flagship store, as its second high-impact investment in Manhattan retail space. Ingka will convert part of the retail property to office space and will operate the entire building.
Guggenheim Expands Footprint at Munich Re-Owned Office Tower
Guggenheim Partners has solidified its commitment to Midtown Manhattan’s central business district by renewing and significantly expanding its lease at 330 Madison Ave. The financial services firm is entering a new, 17-year renewal agreement that will see its total footprint increase from 240,000 square feet to a massive, 360,000 square feet of Manhattan office space.
Courier Health Joins Tenant Roster at 135 Madison Ave.
Software company Courier Health relocates to 135 Madison from its previous Manhattan office space at 115 E. 23rd St., with valuable backing from investors, in search of a larger home to accommodate current and future growth.
SL Green Refinances Mortgage on Flatiron District Office Tower
SL Green, the largest owner of Manhattan office space, has completed a major refinancing deal for a 30-story tower in the Flatiron District alongside its joint venture partner, PGIM. The partnership has secured a $1.4 billion loan for 11 Madison Ave.
KKR Inks Office Lease in Boston at International Place
KKR’s new Boston office lease at Two International Place will enhance the firm’s capabilities across several key strategic areas, support its global operations, and accommodate future growth.
