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ATLANTA-The locally based law firm of King & Spalding is leaving Downtown and has leased 440,000 sf at Hines Co.'s 41-story Midtown tower which expects to be ready for occupancy in first quarter 2006. Another law firm, Powell, Goldstein, Frazer & Murphy also plans to vacate about 200,000 sf at two Downtown locations for new quarters at One Atlantic Center in Midtown.
CHICAGO-The sale of a 48,000-sf parcel at the southeast corner of Madison and Dearborn streets as well as a $140-million construction loan from Bank One propels Hines' 820,000-sf tower off the drawing board.
HOUSTON-The 689,000-sf, 33-story Calpine Center, dodging bullets that have hit other Downtown office properties, premieres this week with 85% of its office space committed to top-tier tenants.
WALTHAM, MA-In a deal that is one of the largest headquarters relocation on Route 128 this year, BMC Software leases 51,000 sf at 400-2 Totten Pond. The high tech company is relocating 230 employees to this site.
HOUSTON-The real estate giant, now in a quiet period, is planning to bring a publicly registered, non-trading REIT to market to raise as much as $2.2 billion in equity, targeting small investors for the first time in its history.
DENVER-The EPA will be leaving 210,000 sf at Denver Place for a new 10-story tower on the site of the former US Post Office Terminal Annex Building. The 10-year lease rate will be determined by the cost of the new building.
WALTHAM, MA-BrassRing LLC leases 65,546 sf of office space at 343 Winter St. The sublease, one of the largest lease deals this year in the Route 128 area, is for the entire building.
HOUSTON-Idea Integration moves into 15,245 sf and NJB Management takes over 7,736 sf after cutting class A office deals with Hines in dual exits from 5 Greenway Plaza to make way for a previously reported lead tenant's expansion.
SEATTLE-Michael Belka, most recently a regional property manager with the Seattle office of Tower Realty Management Corp., will lead the management and leasing team for Unico, which owns and operates 6 million sf of office space.