Office Blog

First Potomac REIT has recently picked up 248,576-SF of office space in an off-market deal with Stephen A. Goldberg Co.
Bethesda, MD-based owner/developer Stephen A. Goldberg Company recently sold a 12-story, 248,576-square-foot office space property that is located at 840 First Street NE in Washington, DC, to First Potomac Realty Trust for $90 million ($362 per [...]

In a recent lease expansion, PNC Bank is set to occupy 116,000 square feet of office space in Chicago’s One North Franklin, making the company the building’s largest tenant.
PNC Bank has recently expanded, extending the company’s lease at downtown Chicago’s One N. Franklin – with the plans to occupy approximately 116,000 square feet by the [...]

After reacquiring its Tampa and Orlando office spaces, Grubb and Ellis is looking into potential strategic alternatives for the company’s future, including the sale of the entire company.
In November 2010, the commercial real estate advisory firm Grubb & Ellis reacquired the Tampa and Orlando office spaces, which had previously been changed/converted to independent affiliates from [...]

Commercial real estate and appraisal firm, Markeim-Chalmers Inc., has recently negotiated the sale and/or lease of two Gloucester County, NJ commercial spaces.
Markeim-Chalmers Inc., (Cherry Hill), a commercial real estate and appraisal firm, recently negotiated two commercial office space sales and leases in Gloucester County, New Jersey.  Scott Martin, who is currently Markeim-Chalmers’ senior advisor, arranged [...]

In a recent transaction, Massachusetts-based Franklin Street Properties paid nearly $76 million for Durham’s Quintiles Plaza – ranking among the highest purchase prices ever in the NC Research Triangle.

Coal giant, Foresight Energy is moving its office space headquarters from Palm Beach Gardens, FL to St. Louis’ Metropolitan Square.
Palm Beach Gardens, FL-based coal company, Foresight Energy, is planning to move its headquarters to downtown St. Louis’ Metropolitan Square. This privately held company hopes to move into 16,000 square feet of the tower’s office space, [...]

Online retailer Amazon is currently on the hunt for a new Seattle-based office building.

Global engineering design firm, URS, has signed a new office space lease at Milestone Center Drive in Germantown, MD
Thanks to a series of events kicked off by MedImmune’s growing need for office space, the Germantown local submarket is getting a hefty dose of absorption in the 1-270 corridor. URS, a global engineering design firm that [...]

The high-profile DC Market Square office space has recently traded to Wells REIT for $904 per square foot, making it one of the DC area’s top commercial real estate trades.