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Calare Properties Acquires 915,000 SF Office Complex in Wallingford, Connecticut

WALLINGFORD, CONN. — Calare Properties has acquired an office and research-and-development complex located at 5 Research Parkway in Wallingford, for an undisclosed price. The undisclosed corporate seller and user will vacate the 915,000-square-foot property this year. Situated on 180 acres, the campus features an 830,000-square-foot main office and lab complex that is supported by outer buildings, including a materials handling facility, a central utility plant and a child development center...

February 23, 2018

Nordic Realty Partners Buys 10,430 SF Office Building in Mount Pleasant, Wisconsin

MOUNT PLEASANT, WIS. — Nordic Realty Partners LLC has purchased a 10,430-square-foot office building in Mount Pleasant, about 25 miles south of Milwaukee. The sales price was not disclosed. The property, which includes surplus land of 3.1 acres, is located at 13303 Washington Ave. near I-94. Johnson Insurance currently occupies the building, but plans to relocate during 2018. CBRE represented the undisclosed seller in the transaction.

February 23, 2018

Poynter Commercial Secures 40,000 SF in Office Leases in Houston

HOUSTON — Poynter Commercial has secured five office leases totaling 40,000 square feet at a 325,000-square-foot office building located at 11700 Katy Freeway in Houston. The two largest leases include Enterprise Offshore Drilling LLC taking 12,629 square feet and Helm U.S. Corp. taking 9,637 square feet. Kevin Poynter of Poynter Commercial represented the landlord, FSP Energy Tower I Ltd., in both of those lease negotiations. Sean Durkin of the J. Bread Real Estate Co. represented Helm U.S...

February 22, 2018

CBRE Arranges 41,716 SF Lease for IT Company’s New Headquarters in Charlotte

CHARLOTTE, N.C. —CBRE has arranged a 41,716-square-foot lease for Curvature, an IT support, products and services provider, at Coliseum Centre Five in Charlotte’s Airport submarket. Curvature will move its global headquarters to the 152,000-square-foot, six-story building in the second quarter, relocating from its current location at 10420 Harris Oaks Blvd. in north Charlotte. The company will occupy the entire sixth floor and most of the fifth floor. Joe Franco and Stephanie Spivey..

February 22, 2018

Zar Group Receives $210M in Financing for Office Property in Times Square

NEW YORK CITY — Zar Group has received $210 million in financing to refinance an office property located at 1450 Broadway in Times Square. Tal Bar-Or and Richard Sutton of Meridian Capital Group secured the five-year balance sheet loan, which features full-term interest-only payments. The 42-story property features 415,000 square feet of office and retail space.

February 22, 2018

Natixis Provides $86.2M Construction Loan for Office Project in Manhattan

NEW YORK CITY — Natixis has provided an $86.2 million floating-rate construction loan to YYY 62nd Street LLC, a joint venture between Joy Construction and Madd Equities. The borrowers will use the loan to pay off existing debt and provide capital to complete a 110,727-square-foot, Class A office building at 330 E. 62nd St. in Manhattan’s Upper East Side. The seven-story, build-to-suit office property is 100 percent pre-leased to Memorial Sloan Kettering Cancer Center for an initial term of..

February 22, 2018

JPMorgan Chase to Build 2.5 MSF Skyscraper in Midtown Manhattan for New Headquarters

NEW YORK CITY — JPMorgan Chase (NYSE: JPM) plans to build a new 2.5 million-square-foot skyscraper that will replace its existing 50-story office building at 270 Park Ave. in Midtown Manhattan. The company plans to consolidate its global headquarters from various locations at the new tower, which some media outlets are reporting would rise 70 stories. “We are recommitting ourselves to New York City while also ensuring that we operate in a highly efficient and world-class environment for..

February 22, 2018

Cypress West Partners Buys Medical Office Building in Henderson, Nevada

HENDERSON, NEV. — Cypress West Partners has acquired Parkway Medical Plaza, an 88,958-square-foot medical office building in the Las Vegas submarket of Henderson for an undisclosed sum. The building is located at 100 N. Green Valley Parkway. Parkway Medical Plaza is 95 percent occupied with tenants including Healthcare Partners, Parkway Surgery Center and CareMore. It was built in 1997. The firm acquired the asset with Virtus Real Estate Capital. This marks the first joint venture for..

February 21, 2018

HFF Negotiates Sale of 806,541 SF Office Portfolio in Houston

HOUSTON — HFF has negotiated the sale of Brookhollow Central I, II and III, a three-building portfolio of office properties totaling 806,541 square feet in Houston’s North Loop submarket. Dan Miller and Marty Hogan of HFF represented the seller, Miami-based office investment firm Parmenter, in the transaction. California-based Hertz Investment Group purchased the properties for an undisclosed price.  

February 21, 2018

Fults Breaks Ground on 32,867 SF Office Building in Metro Dallas

GRAPEVINE, TEXAS — Fults Commercial Real Estate has broken ground on Kriya Plaza, a 32,867-square-foot office building in the northwestern Dallas metro of Grapevine. The property overlooks Lake Grapevine and is situated across the street from Grapevine Mills Mall. A timeline for completion was not disclosed, but tenant improvements will be available beginning in June.

February 21, 2018