Office

L&L Holding Company and Normandy Real Estate Partners has gotten the green light from the New York City Landmarks Preservation Commission to embark on the restoration and revitalization of the historic Terminal Warehouse in West Chelsea.

Last year's activity marked a 2.5% increase from 2018 and was in fact the strongest leasing volume for the decade, according to Cushman & Wakefield.

The deal with building owner KBS will allow BNP Paribas to continue to fully occupy the first and third floors of Building D at the six-building, 630,000-square-foot complex.

Sax LLP will be moving from 855 Valley Road in Clifton to the Latitude property by this August. The firm also maintains an office in Pennington, NJ, as well as two locations in Manhattan at 551 Madison Ave. and 350 Fifth Ave.

The restructure and expansion of Shockwave Medical Inc.'s headquarters represents a larger Silicon Valley footprint by some 50,200 square feet at 5353 Betsy Ross Dr. in the Great America Tech Center.

Macfarlan Capital Partners' acquisition of the Galderma campus capitalized on strong credit, attractive yield, a desirable asset and an off-market status which created a prime opportunity for its investors.

TPG Real Estate has acquired the 374,123-square foot class A+ asset, which is located in the Deerwood Park micro-market.

The 824,000-square-foot complex traded for $180 million to an undisclosed buyer. Westinghouse signed a 15-year lease for the entire complex in 2017.