REBusinessOnline

Atlantic Health System Buys Medical Office in Rockaway, New Jersey, for $26M

ROCKAWAY, N.J. — Atlantic Health System has purchased Morristown Medical Center Health Pavilion, a 92,326-square-foot medical office in Rockaway, located approximately 35 miles west of New York City, for $26 million. The building opened in 2016, and the Atlanta Health System was the sole occupant at the time of sale. JLL’s Jose Cruz and Ben Appel represented the seller in the

CCR North Starts Construction of Phase II at Crismon Gateway Village in Mesa, Arizona

MESA, ARIZ. — CCR North LLC has started construction on Phase II of Crismon Gateway Village, an approximately $40 million mixed-use project situated at the northeast corner of Crismon and Baseline roads in Mesa. The second phase will bring a mix of tenants, including Martin Dental, Vantage West and Sassy’s Café & Bakery. Current tenants include Black Rock Coffee, Bella Nail Bar, Filiberto’s, Radius Fitness and Doc’s Artisan Ice Cream. Upon completion, the master-planned …

Voit Brokers $8.7M Sale of Southport Office Park in San Diego

SAN DIEGO — Voit Real Estate Services has arranged the sale of Southport Office Park, an eight-building office complex located in San Diego’s National City submarket. Dan Floit, a San Diego-based private investor, acquired the asset from San Diego-based H.G. Fenton Co. for $8.7 million. Totaling 33,894 square feet, the office park is located at 102, 132 and 202 Miles of Cars Way; 2403, 2435, 2425 and 2427 Hoover Ave.; and 2405 Transportation Ave. Michael Mossmer and Curt Perry of Voit …

KDC Nears Completion of 1.2 MSF Headquarters for Pioneer Natural Resources in Irving

IRVING — Developer KDC, in partnership with Verizon, is nearing completion of the new 1.2 million-square-foot headquarters campus in Irving for energy firm Pioneer Natural Resources. Situated on 150 acres within the Hidden Ridge development in the city’s Las Colinas district, the headquarters building stands 10 stories, overlooks a pond and includes a seven-story parking garage. Amenities include a daycare, wellness center and a food hall. Cushman & Wakefield will manage the property. …

NewcrestImage Breaks Ground on 80,000 SF Office Project in Grapevine, Texas

GRAPEVINE, TEXAS — Locally based hotel developer NewcrestImage has broken ground on an 80,000-square-foot office project in the northern Fort Worth suburb of Grapevine. Upon completion in 10 to 12 months, the company will occupy about a quarter of the building for its headquarters space and lease the remaining 60,000 square feet. The property will be located within SilverLake Crossings, a 52-acre mixed-use development that includes 400 residential units and 30,000 square feet of retail and …

Brick and Timber Collective Buys Office Building in San Francisco for $27M

SAN FRANCISCO — Newcastle Partners and Drake Real Estate Partners have completed the sale of 900 Kearny Street, an office building located in San Francisco’s Jackson Square submarket. Brick and Timber Collective LLC acquired the property for $27 million. Built in 1989, the six-story building features 30,000 square feet of creative office space. At the time of sale, the property was fully occupied by EastWest Bank, Bitmami and Novani, among others. The sellers originally purchased the …

NAI James Hanson Brokers Sale of 5,245 SF Office Building in Bergenfield, New Jersey

BERGENFIELD, N.J. — NAI James Hanson has negotiated the sale of a 5,245-square-foot office building in Bergenfield, a northern suburb of New York City. The buyer, Maywood Physical Therapy & Rehab Center, will utilize a portion of the building as its third medical office location and will continue to lease the remaining space to the four current tenants. NAI James Hanson’s Dominic Fittizzi represented the seller, S&S Realty Holding Co. LLC, in the

Transwestern Brokers Sale of 147,096 SF Office Building in Deerfield, Illinois

DEERFIELD, ILL. — Transwestern Commercial Services has brokered the sale of 1717 Deerfield Road in Deerfield for an undisclosed price. The 147,096-square-foot office building rises three stories and offers 50,000-square-foot floor plates. It is currently 21.2 percent leased by accounting and consulting firm Warady & Davis LLP. Gary Nussbaum and Paige Gunn of Transwestern represented the seller, Hudson Advisors. Canada-based investment group Progressif and Schaumburg-based Helios Property …

Skender Completes Expansion of LinkedIn’s Chicago Headquarters

CHICAGO — Skender has completed construction of LinkedIn’s 46,000-square-foot Chicago headquarters expansion at 525 W. Monroe. A staircase now connects the existing space via two floors. The project includes large collaboration areas, open workstations, a salon, mother’s room as well as a fifth-floor amenity space with a garden lounge, game room and music room. California-based LinkedIn’s total footprint in the building is now 185,077 square feet. Skender collaborated with Gensler, ESD …

Bernard Financial Arranges $44.5M Refinancing for Ann Arbor Office Property

ANN ARBOR, MICH. — Bernard Financial Group has arranged a $44.5 million CMBS loan for the refinancing of 777 E. Eisenhower Parkway in Ann Arbor. The 271,817-square-foot, multi-tenant office property was built in 1975. Dennis Bernard and Joshua Bernard of Southfield-based Bernard arranged the loan with a CMBS firm on behalf of the borrower, 777 Associates

Conferences