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Creative Office Projects

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This Transwestern report examines a number of creative office projects that have generated substantial returns for investors upon completion. The adaptive reuse developments span Boston, Chicago, Los Angeles, New York, Phoenix, San Francisco, and Austin, Texas. The report also highlights 20 additional large creative office projects currently underway across the country.

Published in: Real Estate
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Creative Office Projects

  1. 1. transwestern.com | @Transwestern CREATIVEOFFICE PROJECTSADAPTIVE REUSE GENERATES STAGGERING RETURNS FOR INVESTORS
  2. 2. transwestern.com | @Transwestern WHATISCREATIVEOFFICE? n “Creative office” is a subset of value-add adaptive reuse n Typically encompasses conversion of a property from non-office (e.g., industrial or retail) to office use n An increasingly popular value-add strategy
  3. 3. transwestern.com | @Transwestern CREATIVEOFFICEDRIVERS n Increasingly millennial-focused n Want differentiated office space for branding and recruiting #1 TAMI (tech, advertising, media and information) companies are growing
  4. 4. transwestern.com | @Transwestern CREATIVEOFFICEDRIVERS n Absorption previously driven by suburban growth n Functionally obsolete industrial buildings targeted for urban locations #2 Office absorption is moving to urban, live/work/play environments
  5. 5. transwestern.com | @Transwestern LOSANGELES Playa Jefferson The Reserve The Ford Building Columbia Square The Press NEWYORK SANFRANCISCOBAYAREA HOUSTON NEWJERSEY CHICAGO Imperial Market Market Square PORTLAND Meier & Frank Building SEATTLE Maritime Building DENVER INDUSTRY RiNo Station 888 Brannan Uptown Station 1K Fulton Hillshire Brands Headquarters Bell Works ATLANTA BOSTON One Lovejoy Wharf New GE Headquarters Innovation & Design building (IDB) DALLAS The Brewery Building Factory Six03 SANANTONIO Pearl AUSTIN Seaholm Power Plant Saint Elmo Market District PHOENIX The HUB 77 Flushing Ave. Watchtower Building Twitter NYC Falchi Building Atlanta Dairies Ponce City Market COMPLETE UNDER DEVELOPMENT EXITS ($50M+) & PROJECTS UNDER DEVELOPMENT (100,000+ SF) NYC NJ LA ATL BOS CHI HOU PDX DEN SA DAL AUS SF SE PHX NOTEWORTHYCREATIVEOFFICEPROJECTS
  6. 6. transwestern.com | @Transwestern SEAHOLMPOWERPLANTAUSTIN Exit sale: $124M
  7. 7. transwestern.com | @TranswesternExit sale: ONELOVEJOYWHARFBOSTON $150M Original sale: $22.5M
  8. 8. transwestern.com | @Transwestern Original sale: $12M Exit sale: 1KFULTONCHICAGO $303.6M
  9. 9. transwestern.com | @Transwestern HILLSHIREBRANDSCHICAGO Exit sale: $97.5M $10MOriginal sale:
  10. 10. transwestern.com | @Transwestern Exit sale: PLAYAJEFFERSONLOSANGELES $33M $165M Original sale:
  11. 11. transwestern.com | @Transwestern Original sale: $43.9M THERESERVELOSANGELES $316M Exit sale:
  12. 12. transwestern.com | @Transwestern Original sale: $81.2M FALCHIBUILDINGLONGISLANDCITY $255MExit sale:
  13. 13. transwestern.com | @Transwestern Original sale: $75.8M TWITTERNYCNEWYORK $335M Exit sale:
  14. 14. transwestern.com | @Transwestern Original sale: $120M Exit sale: MARKETSQUARESANFRANCISCO $917.4M
  15. 15. transwestern.com | @Transwestern Original sale: $36.5M 888BRANNANSANFRANCISCO $185.9M Exit sale:
  16. 16. transwestern.com | @Transwestern Learnaboutcreativeofficeprojectsunder developmentnationwideinthisreport.

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