Crow Holdings Unveils Final Building Plans for Dallas Office Development

DALLAS — Crow Holdings has released plans for a six-story, 90,000-square-foot building that will be the final structure in the Old Parkland project, a multi-building redevelopment in Dallas. Launched in 2006, the ambitious project includes revamping the historic buildings and grounds of the former Parkland Hospital, a 103-year-old structure that Crow has renovated to serve as its corporate headquarters. The property now features 334,000 square feet of master-planned, Class A office space..

March 29, 2017

Civitas Capital Signs 24,724 SF Office Lease in Downtown Dallas

DALLAS — Civitas Capital Group has signed a lease to occupy 24,724 square feet of office space at One Arts Plaza in downtown Dallas. The mixed-use property, which is located at 1722 Routh St., features more than 500,000 square feet of office space. Under the terms of the lease, which begins this summer, the new space will serve as Civitas’ corporate headquarters. Phil Puckett and Harlan Davis of CBRE represented Civitas in the transaction, and James Esquivel, Blake Shipley and Ahnie Gampper..

March 29, 2017

Transwestern Brokers Sale of 22,666 SF Office Building in Arlington

ARLINGTON, TEXAS — Transwestern has brokered the sale of a 22,666-square-foot office property located at 300 W. Arbrook Blvd. in Arlington. Jim Sager of Transwestern represented the seller, 300 Arbrook LP, in the transaction. The representative of the buyer, Arbrook Investment Properties LLC, was not specified.

March 29, 2017

Biotech Firm Leases 125,000 SF in Tampa

TAMPA, FLA. — Amgen, a California-based biopharmaceutical company, has leased 125,000 square feet of office space at Corporate Center, a 1.2 million-square-foot office building in the Tampa submarket of Westshore. Located at 2202 N. Westshore Blvd., the Class A property will house Amgen’s new, 450-employee business support center. Cousins Properties Inc., an Atlanta-based REIT that primarily invests in Class A office towers, represented Amgen in the transaction.

March 29, 2017

Boulder Community Health Buys 6.1 Acres in Colorado to Build 40,000 SF Medical Office

ERIE, COLO. — Boulder Community Health has acquired 6.1 acres of land located at the northwest corner of Erie Parkway and South Briggs Street in Erie. The price was not disclosed. The group plans to build a 40,000-square-foot medical office building on the site, complete with an urgent care facility. Construction is set to begin late this year, with completion in the fourth quarter of 2018. The property sits adjacent to Erie Community Park and the Erie Community Center, along the main..

March 29, 2017

iHerb Leases 19,993 SF of Office Space in Pasadena

PASADENA, CALIF. — iHerb has signed a five-year lease for 19,993 square feet of office space in Pasadena. The space is located at 301 N. Lake Ave. iHerb is a California-based retailer with more than 35,000 natural products. It will occupy the entire sixth floor. The Class A building offers access to the 210 and 134 freeways. It is directly adjacent to Lake Avenue Gold Line. Carl Anderson of NAI Capital represented the landlord, pension fund owner Operating Engineers Funds, while the firm’s..

March 29, 2017

Construction Set to Begin on The Hub @ New Brunswick Station in East Rutherford, N.J.

EAST RUTHERFORD, N.J. — New Brunswick Development Corp. (Devco) has begun site preparation on the Ferren Mall Parking Deck for The Hub @ New Brunswick Station in East Rutherford. Devco expects site construction of the 1.7 million-square-foot mixed-use redevelopment project to begin in April. JLL is Devco’s marketing agent for The Hub, which will be located on four acres in downtown New Brunswick directly across from the New Brunswick train station. When completed, The Hub @ New Brunswick..

March 29, 2017

Cushman & Wakefield Arranges $14.7M Sale of Medical Office Building in Nassau County

NORTH HILLS, NEW YORK — Cushman & Wakefield has arranged the $14.7 million sale of a two-story medical office building located at 3111 New Hyde Park Road in North Hills. Cushman & Wakefield’s Ben Efraimov, Jonathan Hageman and Patrick Yannotta handled the transaction. The property traded at a 6 percent cap rate. The building spans 24,600 square feet and is 100 percent occupied by three medical tenants. Integrated Medical Professionals occupies the front of the building and leases..

March 29, 2017

RHYS Negotiates $10.3M Sale of Mixed-Use Portfolio in Stamford, Conn.

STAMFORD, CONN. — RHYS has negotiated the $10.3 million sale of two office/retail buildings located at 111 and 123 High Ridge Road in Stamford. Combined, the three-story buildings offer 40,000 square feet of office and retail space. The 100 percent leased portfolio sits on just over an acre, with more than 150 parking spaces on site. Christian Bangert of RHYS represented the buyer, A & E High Ridge, in the transaction. Karen Dome and Robert Haile of Coldwell Banker Commercial represented..

March 29, 2017

CBRE Secures $41M Loan for Medical Office Building in Cherry Hill, N.J.

CHERRY HILL, N.J. — CBRE’s capital markets debt and structured finance team has secured a $41 million acquisition loan for a 155,000-square-foot medical office building located at 1865 Marlton Pike E. in Cherry Hill. The property, which is leased on a long-term basis to University of Pennsylvania Health System, serves as a primary care center and clinical offices for medical practices including cardiology and radiology. CBRE’s Nick Harris, Steve Roth and Steven Doherty procured financing..

March 28, 2017