Office Lease Up (Jan. 11) PwC Signs for 200,000 SF in Dallas
Wrap-Up of Latest Largest Office Leases Reported Include: Alfred Dunner, Bar S Foods, Ciba, Human Condition, Jaeb , Momenta, Penwell and more
January 11, 2016
Professional services firm PwC has signed on to anchor a new 20-story office high-rise slated to break ground later this quarter at 2101 N. Pearl St. in Uptown Dallas.
PwC will occupy 200,000 square feet in the project being developed by Trammell Crow Co. and MetLife. The new Park District Tower will include 493,000 square feet of office space, 7,000 square feet of street level retail, and a four-level underground parking garage.
The office tower will be developed in conjunction with The Residences at Park District, a 34-story, 253-unit residential high-rise to be developed by TCC residential subsidiary, High Street Residential. The two HKS-designed towers will be connected by way of a plaza designed by local landscape architect, The Office of James Burnett.
"Park District is a one-of-a kind project that furthers connectivity between the Arts District, Downtown and Uptown, providing tenants, residents and the public a distinct immersion to Klyde Warren Park and the City," said Scott Krikorian, senior managing director with TCC's Dallas/Fort Worth business unit.
Park District Tower is set to go vertical on a three-acre site bordered by Pearl and Olive Streets and overlooking Klyde Warren Park. The project will feature an executive lounge, fitness center, collaborative workspaces, outdoor amenity spaces and on-site restaurants, banking and valet, and has been designed to LEED Gold specifications.
Phil Puckett of CBRE Dallas, in collaboration with Tim Dempsey of CBRE New York and Amy DeAngelis of CBRE Sacramento, handled lease negotiations on behalf of PwC. Dennis Barnes, Celeste Fowden and Clay Gilbert of CBRE Dallas represented ownership and are the exclusive leasing agents for Park District Tower. Construction on Park District Tower is slated to wrap up in Q4 2017. By Bryce Meyers
Alfred Dunner Relocating to 1333 Broadway
Fashion giant Alfred Dunner and its related companies will relocate from 1411 Broadway to Empire State Realty Trust’s 1333 Broadway. The women’s attire designer took two 29,566-square-foot, full-floor subleases from GBG USA Inc. on the 11th and 12th floors, respectively, for a total of 59,132 square feet.
Marc Schoen, Brian Neugeboren and Bob Savitt of Savitt Partners arranged the transaction on behalf of the tenant. Primary tenant GBG USA Inc. was represented by Mitchell Konsker, Dan Turkewitz and Benjamin Bass of JLL. By Mark Heschmeyer
Bar S Foods Completes Corporate HQ Lease Expansion
Bar S Foods Co., a Phoenix-based corporation that has operated in the Valley since 1981, completed a corporate headquarters expansion on Phoenix’s Camelback Corridor at 5090 N. 40th St. to 49,174 contiguous square feet.
JLL managing director John Pierson and senior managing director Steve Corney represented Bar-S. CBRE brokers Jerry Roberts, Corey Hawley and Pat Boyle represented the building owner, Lowe Enterprises Investment Management LLC. By Mark Heschmeyer
Medical Research Firm Jaeb Expands, Renews at Tampa Palms
Tower Realty finalized a 33,000-square-foot lease to Jaeb Center for Health Research, a nonprofit medical research organization, at 15310 Amberly Drive within the Tampa Palms Community Development District. The research organization signed a seven-year term deal and will occupy the entire third floor of the Class-A office building.
The transaction involved both a renewal and expansion. "Jaeb is now the largest anchor tenant of the building," said Clay Wommack, director of office and industrial agency leasing for Franklin Street. By Mark Heschmeyer
Prostate Cancer Biotech Progenics Takes 26,500 SF at One WTC
The Durst Organization and The Port Authority of New York and New Jersey signed Progenics Pharmaceuticals Inc. to a 26,500-square-foot, long-term lease for build-to-suit space on the 47th floor of One World Trade Center in Lower Manhattan.
Progenics, an oncology-focused pharmaceutical company and the first biotechnology firm to occupy space at the Class-A office tower, focuses on the development of therapeutic and diagnostic agents for treating prostate cancer patients.
The Durst Organization was represented in-house and by a Cushman & Wakefield team led by Tara Stacom that includes Justin Royce, Barry Zeller, Connor Daugstrup and Peter Trivelas. Progenics was represented by Patricia Ardigo and Joel Wechsler of CBRE. By Mark Heschmeyer
Human Condition Global Leases 25,000 SF at 61 Broadway
Human Condition Global, a New York-based think tank, signed a lease for 24,479 square feet in the office building at 61 Broadway in New York City. The 33-story office building was delivered in 1916 in the World Trade Center submarket and totals 780,000 square feet. RXR Realty acquired the building in 2014, according to CoStar data. Human Condition Global will occupy the entire 31st floor there.
Dan Birney of RXR Realty represented the landlord and the tenant in lease negotiations. By Jordan Boyd
Ciba Renews 23,000-SF Lease in Glendale
Ciba Insurance Services of California Inc. signed a six-year lease renewal for 22,700 square feet in the Glendale Plaza office building at 655 N. Central Ave. in Glendale, CA The 25-story, 582,000-square-foot office building was constructed in 1999. In 2015 the building was awarded LEED certification at the Platinum level by the U.S. Green Building Council.
Rene Soto, William Boyd and Linda Lee with Charles Dunn Inc. represented the tenant. Scott Crawshaw, Doug Marlow and Juliana Sampson at CBRE represented the landlord. By Mary Vinal