Last Week's Largest Leases Signed Include: 3M, BNY Mellon, Bristol-Myers Squibb, Dun Bradstreet, Ev...

1. Office Lease Up (June 29) NVIDIA Agrees To New 500,000-
SF Build-To-Suit HQs
Last Week's Largest Leases Signed Include: 3M, BNY Mellon, Bristol-Myers Squibb, Dun Bradstreet,
Everbridge, Genocea, Law360, Udemy, Walton Isaacson and many more
NVIDIA Corp. has arranged to occupy 500,000 square feet of to-be-constructed office space for its
new corporate headquarters.
The building will be across the street from its current Santa Clara, California, headquarters at 2701
San Tomas Expressway.
NVIDIA Land Development LLC, a wholly owned consolidated subsidiary of NVIDIA Corp., Wachovia
Service Corp., Wells Fargo Bank, and a syndicate of other institutions entered into a participation
Agreement, ground lease and real property lease for the construction and lease of a new 500,000
square foot, two story corporate headquarters office building.
The lease is a triple-net lease and has a seven and one-half year term expiring on Dec. 19, 2022.
Construction will take two and one-half years followed by a five year lease term. NVIDIA has the
option to renew for three additional five year periods.
The initial commitment to fund costs of construction is up to $380 million.
By Mark Heschmeyer
Bristol-Myers Squibb To Anchor New 431,000-SF Development
Alexandria Real Estate Equities signed global pharmaceutical company Bristol-Myers Squibb
(NYSE:BMY) to anchor its newest ground-up development within Alexandria Center at Kendall
Square in Cambridge, MA.

2. Headquartered in New York City, Bristol-Myers Squibb signed a 15-year lease to occupy 208,000
square feet at 100 Binney St. where the company plans to establish a new research and development
center. The new location provides a mission critical component and will allow Bristol-Myers Squibb
to draw talent from Cambridge and its world class life science community.
ARE will begin construction next month on the 431,500-square-foot, 10-story office and laboratory
facility. Once completed, the new building will feature underground parking garages with car-share
services, on-site covered bike parking, and access to the Green and Red Lines, MBTA stops, and
EZRide shuttle service.
A Pasadena, CA-based REIT that specializes in collaborative science campuses, ARE owns and
operates 5.2 million square feet in Greater Boston and is the architect of Alexandria Center at
Kendall Square, an 11-acre, 1.6 million-square-foot urban campus in Boston's E Cambridge/Kendall
Square submarket.
Gregory Lucas, Curtis Cole and Adam Brinch of CBRE-New England facilitated the transaction on
behalf of Alexandria Real Estate Equities.
Construction on 100 Binney St. is slated to wrap up Q4 2017.
By Jeannie Reamer
Dun Bradstreet Renews 178,000-SF Lease in Center Valley

3. Dun Bradstreet, a provider of business services information, signed a 12-year lease renewal for
178,330 square feet at the Stabler Corporate Center at 3501 Corporate Pkwy. in Center Valley, PA.
The three-story building totals 178,330 square feet in the Stabler Office Park and was delivered in
2006. It is owned by City Office REIT Inc., which bought the building back in 2013 from GE
Commercial Finance Business Property Corp.
City Office REIT Inc. negotiated the lease in-house directly with the tenant.
By David Egbert
IHI EC Inks 158,000-SF Lease at West Memorial Place II
Skanska USA Commercial Development secured its first tenant at Phase II of the West Memorial
Place project in Houston, signing IHI EC, an engineering, procurement and construction company
and wholly-owned subsidiary of Tokyo-based IHI Corp., to a 158,050-square-foot lease.
West Memorial Place Phase II is at 15377 Memorial Dr. in Houston's Katy Freeway West submarket.
The building is currently under construction and is slated for completion in May 2016. Once
completed, the Class A building will be 14 stories tall and measure 389,709 square feet.
Skanska broke ground on Phase II in December 2014, two months prior to finishing construction on
West Memorial Place I at 15375 Memorial Dr. Phase II marks the third commercial development in
Houston for Skanska and will complete the West Memorial Place campus.
Designed by HOK to LEED Platinum specifications, West Memorial Place II will feature floor-t-
-ceiling glass, a fitness center with lockers and showers and an on-site cafe, as well as convenient
access to I-10.
IHI EC, which currently leases office space in nearby Eldridge Oaks, will relocate to a portion of the
third floor and all of floors four through eight beginning January 2017.
"IHI EC has grown significantly in recent years and expanded its Houston presence," said Glyn
Rodgers, IHI EC president. "This dynamic, energy-efficient new space and prominent location on
Memorial Drive will give our growing company flexibility for growth and superb visibility. Its
location adjacent to green space and Terry Hershey Park and its world-class features reflect our
commitment to our employees."
The Skanska Commercial team represented the landlord, while Mark O'Donnell of Savills Studley
represented the tenant.
By Shavon Shockley
Clinical Health Care of NJ Completes 150,000-SF Long Term Lease
Clinical Health Care Associates of New Jersey PC, a subsidiary of Clinical Practices of the University
of Pennsylvania, has signed a long-term, full-building lease at 1865 Marlton Pike in Cherry Hill, NJ.
The two-story, 150,000-square-foot building sits on 12 acres in the South Camden County submarket
of Philadelphia, on Route 70 E near I-295.

4. Off-price retail clothing chain Syms Corp. previously occupied the building, utilizing it as retail and
showroom space until the company ceased operations in 2012. The property has been vacant since
that time.
Finmarc Management Inc. acquired the asset in September 2013 for $4.75 million, significantly
below replacement cost and funded in-part with proceeds from the earlier sale of its Shoppes of
Burnt Mills in Silver Spring, MD, according to CoStar data.
"The Cherry Hill and South New Jersey / Philadelphia marketplaces are extremely attractive to us, as
we recognize the tremendous opportunities that exist, as supported by a healthy and growing
economic environment," explained Neil S. Markus, principal of Finmarc Management. "It is among
the key areas we have targeted to expand our five million square foot portfolio outside of the greater
Washington D.C. metropolitan area."
Finmarc and the tenant plan to invest more than $50 million in capital improvements to the building
in the hopes of transforming it into a premier medical office facility in South Jersey. Plans include
the installation of a new roof, new HVAC and electrical systems, full-building build out, necessary
site work, a new structured garage and repaving of the existing parking lot, renovations to the
building facade, and the addition of new windows as well as upgrading all interior and exterior
lighting.
Fred Berlinsky with Markeim Chalmers represented the landlord in lease negotiations. Thomas
Hummel and Dean Geis with NAI Geis Realty Group Inc. represented Clinical Health Care
Associates.
By Justin Sumner
Community Health Plan Leases 92,000 SF in Downtown Seattle
Community Health Plan of Washington has leased 91,816 square feet on six lower floors of the 1111
Third Avenue Building at 1111 3rd Ave. in Seattle.
The local non-profit health plan will relocate from its current location at the 8th Olive Building in
late 2016 when its new lease commences.
The 34-story, 631,040-square-foot office tower was built in 1980 on the southwest corner of 3rd Ave.
and Seneca St. in downtown Seattle's CBD submarket. It is LEED Silver-certified and Energy Star-
rated for its operating efficiency.
The property features a six-level underground garage, atrium, conferencing facilities, 12-foot slab
heights, access to public transit, views of Elliott Bay and the Olympic Mountains, and proximity to
numerous retail and dining options.
Ivanhoé Cambridge Inc., the real estate subsidiary of Canadian fund manager Caisse de dépôt et
placement du Québec, and Callahan Capital Properties, a real estate private equity firm focused on
office product in major U.S. central business districts, acquired the property as part of a portfolio
sale that also included the Second Spring Bldg at 1100 2nd Ave. for an aggregate $280 million in
November 2014, according to CoStar data.
Larry Almeleh and Pat Pendergast of Washington Partners represented the tenant in lease
negotiations. Lisa Stewart and Jim Allison of Urbis Partners represented building ownership.

5. By Justin Sumner
Primetals Signs for New Offices Space in Pittsburgh
Primetals Technologies, a joint venture between Mitsubishi-Hitachi Metals Machinery and Siemens
VAI Metals Technologies, executed a 10 year 52,000-square-foot lease at Stealth II at 501
Technology Drive in Southpointe, PA.
"Having acquired this institutional quality asset in September of 2012 we are very pleased with the
tenant demand in this robust submarket. The exploration of the Marcellus Shale coupled with
Pennsylvania's natural-gas drilling boom, has enabled us to also execute 25,000-square-foot and
10,000-square-foot lease deals with other prominent tenants " said Charles Russo, Asset Manager for
Laurus Corp., the landlord.
Kelley Hoover Heckathorne of Burns Scalo Real Estate Services Inc. represented the Laurus.
By Mark Heschmeyer
Law360 Leases 46,000 SF in Chelsea
Law360 signed a 46,000-square-foot lease at 112-118 W. 20th St. in New York, New York.
The fast growing subscription news company will take the entire fourth and fifth floors for a
collaborative, open-air work space.
The eight-story, 185,000-square-foot office building was built in 1901 in the Chelsea submarket of
Manhattan. Law360 will join tenants like Regus, the Barbarian Group, and Kleinfield Bridal who also
occupy full floor spaces in the building.
Paul Ippolito of Newmark Grubb Knight Frank represented the tenant. Steven Kaufman, Barbara
Raskob, and Yvonne Chang with Kaufman Organization represented the landlord in-house.
By Megan Ohlmacher
Udemy Leases 39,562 SF in San Francisco
Udemy, an online learning marketplace, signed a lease for 39,562 square feet in the office building
at 600 Harrison St. in San Francisco.
The six-story building totals 218,646 square feet in the Rincon/South Beach submarket. The property
was built in 1989 and is currently owned by Pell Development, according to CoStar information.
Udemy's lease is for the entire third floor. Other tenants in the building include ABM and IZ-ON
Media.
Jim Chesler and Kevin Waldman of DTZ represented the tenant. Bob Kraynak, Reza Musavi and Dave
Young of Cushman and Wakefield represented the landlord.
By John Walz
AIR Leases 36,812 SF in Chicago

6. Washington, D.C.-based nonprofit American Institutes for Research (AIR) will relocate its Chicago
office after agreeing to a 36,812-square-foot lease at 10 South Riverside Plaza.
The behavioral and social science research and evaluation organization will take up a full floor at the
22-story, 705,445-square-foot West Loop tower, shifting its offices from three floors at the Civic
Opera House. Slated to move-in December 2015, AIR's new office space represents a 30%
expansion.
Greg Witt of CBRE's nonprofit practice group represented the tenant, while Gary Denenberg, Sara
Spicklemire and Kelsey Karp-Scheive of MB Real Estate brokered the lease on behalf of the owners,
Ivanhoe Cambridge and Callahan Capital Properties.
By Philip Moss
Everbridge Signs Sublease in Burlington
Everbridge, a critical communications automator, signed a 35,439-square-foot sublease at 25
Corporate Dr. in Burlington, MA, where it will establish its new East Coast headquarters.
The four-story, 128,642-square-foot, Class A, office building was built in 1989 and is in the
Burlington/Woburn submarket.
Mark Roth and Matthew Malateste of Cushman Wakefield Inc. represented the sublessor in
negotiations.
By Michael Dygert
RTI International Signs Lease in Waltham Oaks
RTI International will open a new office within the Waltham Oaks Office Park after signing a lease
for 28,405 square feet at 307 Waverley Oaks Rd. in Waltham, MA.
The independent, non-profit research institute will occupy first floor space at the 142,663-squar-
-foot, four-story building, with a move-in date scheduled for January 1, 2016.
Built in 2001, 307 Waverley Oaks is part of the nine-building, 1.1 million-square-foot Waltham Oaks

7. Office Park, a suburban Boston campus that features a restaurant and fitness center on-site and is
serviced by the nearby MBTA - Waverly station.
Stephen James and Jason Rexinis of NAI Hunneman Commercial Co. brokered the lease on behalf of
the owner, Duffy Properties.
By Brad Blum
Walton Isaacson Inks Expansion Deal at Reid Murdoch Center
Walton Isaacson, an independent marketing agency with a national presence, signed a lease for
19,538 square feet on the fifth floor of the Reid Murdoch Center in Chicago.
The historic Reid Murdoch Center was constructed in 1913 at 325 N. LaSalle St. Renovated in 2001,
the property is currently home to World of Whirlpool Corp., Midwest Diagnostic Management and
Cubellis Associates, among others.
The new lease allows Walton Isaacson to consolidate space over multiple floors at 400 N State St.
while remaining in Chicago's River North district. The additional space also affords the firm room for
continued growth.
Ben Azulay and Justin Kessler of Bradford Allan represented Walton Isaacson. Robert Zimmerman of
Friedman Properties Ltd represented the landlord in-house.
By Damian Smoter
3M Renews, Expands to 18,865 SF at One McPherson Square
3M signed an 11-year lease extension through 2027 for 18,865 square feet in the Class A office
building at 1425 K St. NW in Washington, DC.
The 12-story One McPherson Square totals 214,223 square feet at the corner of K St. and Vermont
Ave. in D.C.'s East End. Building owner Blake Real Estate developed the property in 1970 and
completed renovations in 2001. In 2014, the building earned LEED certification at the Silver level.
An American multinational conglomerate formerly known as Minnesota Mining and Manufacturing
Co., 3M's lease covers the entire third floor. Other tenants in the building include Fish Richardson,
P.C., Caterpillar and the Certified Financial Planning Board of Standards.
Owen Billman and Steve Solomon provided in-house representation on behalf of Blake Real Estate.
By Christian Powell
Western Refining Takes Over Full Occupancy of Papago Buttes Corporate Plaza
Western Refining expanded its leased space at Papago Buttes Corporate Plaza at 1250 W.
Washington St. in Tempe, Arizona.
Western Refining agreed to lease 17,723 square feet of additional space on the fourth floor of the
West Washington Street office structure. The expansion results in the company occupying an entire
four-story, 105,000-square-foot building.

8. The firm took the opportunity to expand its administrative offices when two previous tenants chose
to vacate the property. The company will take occupancy of the additional space this summer.
Larry Downey of Cushman Wakefield of Arizona served as exclusive tenant representative for
Western Refining. Tony Hepner and Janet Ehrlich of Metro Commercial represented the landlord.
By Mark Heschmeyer
BNY Mellon Grows at Mellon Financial Center
The Bank of New York Mellon Corporation signed an 11,103-square-foot lease expansion at 500
Grant St. in Pittsburgh, PA.
The 54-story, 1.63 million-square-foot, 5-Star BNY Mellon Center office building was constructed in
1980 on 3.6 acres in the city's CBD submarket, part of the Mellon Financial Center campus. The
building was awarded an Energy Star label for its operating efficiency.
Jeffrey Adams and Jason Stewart of JLL represented the landlord, The Bank of New York Mellon
Corp.
By Sharon Koutroumpis
Genocea To Sublease Space from The Smithsonian
Genocea Biosciences Inc. entered into a sublease with the Smithsonian Institution for the lease of
10,507 square feet at 100 Acorn Park Drive in Cambridge, Massachusetts and 27 unreserved
parking spaces commencing on June 15, 2015.
The lease will expire on February 28, 2017, subject to an option to renew for an additional three
year term.
A subsidiary of The Bullfinch Cos. is the prime landlord.
By Mark Heschmeyer
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