Office Lease Up (May 4) Nike Takes Google's Lease BuyoutOffer

Last Week's Largest Leases Include: Cigna, CollegeNET, Football Fanatics, Gas Station TV, GoPro,Karyopharm, Keryx, McCormick Co., Rice Energy and others

Oregon-based athletic wear kingpin Nike has signed an 11-year lease to take 147,000 square feet ina new mixed-use development being built by The Durst Organization at 855 Sixth Ave. in New YorkCity. Nike plans to will move its New York headquarters from Midtown South to the Penn Station-area building once construction is completed in early 2016.

The 42-story tower will total 570,000 square feet office, retail and residential components. Nike willanchor the office space on floors three through six and a portion of the second floor. The spaceincludes a 15,000-square-foot outdoor roof-top deck for Nike's exclusive use.

Eric Engelhardt, Thomas Bow and Rocco Romeo with The Durst Organization represented thelandlord in-house.

Nike currently occupies space at 111 Eighth Ave., a building owned and largely occupied by Google.Recently, Google has cleared out other office tenants in the building in order to free up space for itsown expansion. In addition to offering to buy out Nike from its lease, Google also offered a buyoutdeal to WebMD to vacate the building. By Ashley Grebow

Share with Your Followers on Twitter McCormick Picks Hunt Valley as Preferred HQ Destination

McCormick Co. is in talks to establish its new company headquarters at 99 Shawan Road in HuntValley, MD. The spices, herbs and flavorings manufacturer hopes to consolidate more than 900employees from across several Hunt Valley and Sparks locations into the 335,000-square-foot, six-story 99 Shawan Rd. Originally constructed in 1975, building currently operates as a data center forVerizon.

McCormick has selected Greenfield Partners as its development partner and is working with theproperty owner to hammer out an agreement for the site with a targeted occupancy date of mid-2018.

"The preferred site best met our criteria for size, location and ability to create an open, inspirationalwork environment," said Chairman and CEO Alan Wilson.

Sparks-based McCormick stated it considered other locations in Maryland, Virginia andPennsylvania before identifying 99 Shawan as its preferred destination. Once the deal goes through,the company plans to rehab the building and site, as well as seek LEED Gold certification. By BryceMeyers

Rice Energy Signs New HQs Lease

Rice Energy signed a 150,000-square-foot long-term lease for its new headquarters in Zenith Ridge 3located in Southpointe, PA. This location will be the energy firm's fourth building in Southpointe andwill enable Rice to consolidate its employees under one roof. Occupancy is planned for nextFebruary.

Zenith Ridge is a three-building, 486,000-square-foot office campus under development by QuattroPartners. Burns Scalo Real Estate Services Inc. is providing third-party services. By MarkHeschmeyer

Football Fanatics Leases 58,000 SF in Jacksonville

Football Fanatics, a sports apparel distributor, signed a five-year lease to take 58,000 square feet at8100 Nations Way in Jacksonville, FL.

The single-tenant office building was constructed in 1999 in the Cypress Point Business Park, whichincludes more than 10 office and flex buildings located on the southeast side of Jacksonville.

HGL Properties LP developed and currently owns the property. Peter Crolius and Mark Scott ofGraham Co. represented HGL Properties in the transaction. Football Fanatics is expected to beginits term August 1, 2015. By Michael Cobb

GoPro Leases 45,000 SF in Carlsbad

GoPro has leased 45,000 square feet at the Make redevelopment project at 5600 Avenida Encinas inCarlsbad, CA. The 175,000-square-foot office project was formerly an industrial warehouse that wasre-purposed to a new single-story office design by CM Management Services Inc.

Aric Starck and Brett Ward with DTZ represented the landlord. Joseph Bernstein with JLLrepresented the tenant. By Jody Thompson

CollegeNET Renews, Expands at Fox Tower

CollegeNET Inc. signed a renewal lease for its 38,546 square feet and a new lease for an additional6,182 square feet of office space at 805 SW Broadway in Portland, OR, with the new lease takingeffective May 1st.

Built in 2000, the 27-story, 438,446-square-foot Fox Tower office building is located in the city's CBDsubmarket. Mark Fraser, Brandon O'Leary and Jake Haas of Kidder Mathews represented thelandlord, TMT Development Co. Inc. Chris Elsenbach of JLL represented the tenant. By Jeff Hitch

Manion Gaynor Manning Leases 31,000 SF in Boston

Manion Gaynor Manning, a law firm that specializes in commercial and business litigation, leased31,203 square feet at the Oliver Street Tower in downtown Boston.

Built in 1989, the 22-story office building totals 550,903 at 125 High St. in the city's FinancialDistrict. Sam Schaefer and Brooks Brown provided in-house representation on behalf of thelandlord, Tishman Speyer. By Jeanine Kaminski

Cigna Renews Office Lease in Buckhead

Bloomfield, CT-based Cigna Corp. signed a 75-month renewal for its 30,031-square-foot space at3500 Piedmont Rd. in Atlanta. The seven-story office building was constructed in 1982 and totals242,092 square feet. It is located within the Securities Centre office park in Upper Buckhead.

The global health insurance provider will continue to occupy a majority of the second floor. Thedecision to renew at the location was driven by the firm's desire to stay centrally located in theBuckhead area.

Kevin Carroll of CBRE represented Cigna Corp. Jeff Bellamy of JLL represented the landlord, LNRPartners. By Andrew Decker

Commodore Builders Leases 31,930 SF in Waltham

Commodore Builders, a mid-sized construction firm, signed a sublease for 31,930 square feet at 404Wyman St. in Waltham, MA. The five-story building totals 449,000 square feet in the Hobbs BrookOffice Park 2. Hobbs Brook Management owns and manages the property.

Commodore Builders leased a portion of the fourth floor. Other notable tenants in the building areNovell Inc. and Compuware.

Andrew Majewski and Matthew Siciliano of CBRE - New England represented the sublessor in thetransaction. By Kara Franz

Keryx Biopharmaceuticals Signs for 27,000+ SF

Keryx Biopharmaceuticals signed a 27,323-square-foot lease at One Marina Park in Boston's SeaportDistrict. The company is scheduled to move-in early 2016.

Part of The Fallon Co.'s three million-square-foot Fan Pier development in South Boston, One MarinaPark is an 18-story, 504,000-square-foot office tower built in 2010 to LEED Gold certification. Theproperty is anchored by Vertex Pharmaceuticals and Fish Richardson, P.C.

Andrew Hoar, Timothy Lyne and Timothy Howe of CBRE-New England represented The Fallon Co.and joint venture partner, Massachusetts Mutual Life Insurance Co., in negotiations. By RyanStambaugh

PrismHR Signs for 20,000-SF Office Space

PrismHR signed a 20,102-square-foot lease at 225 Turnpike Rd. in Southborough, MA. The HRsoftware company kicked off the new year with a name change from FW Davison Company toPrismHR.

The three-story, 72,000-square-foot office building was built in 1985 and is located in The Boroughssubmarket. Garry Holmes, Craig Johnston and Jim Bartholomew of the RW Holmes Realty teamrepresented the landlord, Lincoln Ventures Common Inc. By Jeannie Reamer

Karyopharm Therapeutics Expands in Newton

Karyopharm Therapeutics Inc. signed a lease expansion and extension in Wells Center at 75 - 95Wells Ave. in Newton, MA.

Karyopharm, a clinical-stage pharmaceutical company, expanded in the building by 16,234 squarefeet, bringing its total occupancy to 46,167 square feet of office and laboratory space on the secondand third floors.

Transwestern | RBJ's John Lashar, Jon Varholak and Ron Friedman, along with managing partnerand Northeast market leader Steve Purpura, arranged the transaction.

Normandy Real Estate Partners, the owner of Wells Center, was represented by Alex Dauria andBrendan Cohn of JLL. By Mark Heschmeyer

Gas Station TV Leases 15,705 SF in Detroit

Gas Station TV signed a lease for 15,705 square feet in the office building at 1201 Woodward Ave. inDetroit. The nine-story Kresge building totals 70,000 square feet in Detroit's CBD. GSTV's leaseincludes a portion of the seventh, eighth, and ninth floors.

Eric Randolph handled the deal in house for the landlord, Bedrock Management Services LLC. ByClaire Meyer

Progressive Casualty To Consolidate in Hunt Valley

Progressive Casualty Insurance Co. signed a lease with Hill Management Services Inc. for 15,042square feet of space at 11350 McCormick Road (Executive Plaza II) within the Executive Plazacomplex, a four-building portfolio containing approximately 550,000 square feet of commercial officespace in the Hunt Valley section of Baltimore County.

The company plans to consolidate its claims and legal operations, which are currently contained inseparate buildings in Owings Mills and White Marsh, into this new location.

Matt Melnick of Cushman Wakefield, as well as Karen Cherry, who is now with Lee Associates Inc.,represented the tenant; and Ashley Zito of Hill Management represented the landlord. By MarkHeschmeyer

CoreSource Leases 10,113 SF in Dublin

CoreSource, a leading administrator of self-funded employee benefits, signed a five-year lease for10,113 square feet at 655 Metro Place in Dublin, OH.

Built in 1999, the nine-story building totals 219,414 square feet within the Metro Center Office Park

in suburban Columbus. CoreSource will move in the first week in July 2015.

Brent Stamm and Ken Isenbarger of Continental Real Estate represented the landlord in this lease.By Benjamin Lincoln

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