REBusinessOnline

Colliers Secures $79.8M Acquisition Financing for Office Campus Near Boston

WALTHAM, MASS. — Colliers International has secured $79.8 million in acquisition financing for CenterPoint, a 443,000-square-foot, two-building office campus in Waltham. Located at 41 Seyon Street and 43 Foundry Ave., the property includes lab, office and research and development space. Current tenants include Repligen, Education Development Center and Simpson Gumpertz & Heger. Adam Coppola, Thomas Welch, John Poole and Tonia Jenkins of Colliers secured financing on behalf of borrower …

Cushman & Wakefield Brokers $32M Sale of Office Portfolio Near Philadelphia

COLLEGEVILLE, PA. — Cushman & Wakefield has brokered the $32 million sale of Highview I & II, a 183,363-square-foot office portfolio in Collegeville. The two buildings, which are currently 93 percent leased, are home to tenants IQVIA, Fidelity Information Services and FirstService Residential. Highview I is located at 400 Campus Drive and totals 78,564 square feet. Highview II is located at 200 Campus Drive and totals 104,799 square feet. Cushman & Wakefield represented the …

Stonelake Capital to Build 200,000 SF Spec Office Project in Houston

HOUSTON — Stonelake Capital Partners, a real estate private equity firm with offices in Dallas, Houston and Austin, will build a 200,000-square-foot speculative office project located at 4200 Westheimer Road in the River Oaks/Highland Village area of Houston. Stonelake expects to break ground on the 15-story, Class A property, which is part of Phase III of the company’s Park Place | River Oaks mixed-use development, in January 2019. The office space is expected to be available for occupancy …

J. Beard Brokers Sale of 74,940 SF Office Building in Metro Houston

THE WOODLANDS, TEXAS — The J. Beard Real Estate Co. has brokered the sale of a 74,940-square-foot office building located at 2700 Research Forest Drive in The Woodlands, about 30 miles north of Houston. The property was 100 percent leased at the time of sale to eight tenants. SJBC Commercial XIX LLC purchased the property from Dallas-based Novel Office Systems/Soft-Tech SM for an undisclosed price. Jeff Beard of J. Beard brokered the

Colony Northstar Sells 78,787 SF Office/Warehouse Property in Denver for $7M

DENVER — Colony Northstar has completed the sale of an office/warehouse facility located at 1550 W. Evans Ave. in Denver. Calhoun Street Industrial and Matrix Group acquired the property for $7 million. Matrix Group will assume the leasing and management of the property. Situated within the West Evans Industrial Park, the 78,787-square-foot property was built in 1975 and was 93 percent leased at the time of sale. The asset features twin-t construction, 18-foot clear heights and a …

Bridge Investment Group Acquires 517,640 SF Office Complex in Rosemont, Illinois

ROSEMONT, ILL. — Bridge Investment Group’s office division has acquired O’Hare International Center, a pair of nine-story office buildings adjacent to O’Hare International Airport in Rosemont. The purchase price was not disclosed. The buildings total 517,640 square feet. Bridge plans more than $5 million in capital improvements, including the renovation of both lobbies, a new tenant lounge and conference center. Renovations are expected to begin in mid-October. Originally built between …

Colliers Arranges $5.7M Sale of Office Building in Milwaukee’s Brewery District

MILWAUKEE — Colliers International has arranged the $5.7 million sale of the historic Pabst Boiler House No. 10, a retrofitted office building in Milwaukee’s Brewery District. The 40,744-square-foot, brick-and-timber loft office building is fully occupied by seven tenants, including law firms Borgelt, Powell, Peterson & Frauen SC and Ogletree Deakins. Tom Shepherd, Scott Welsh, Lyle Landowski and Jennifer Huber-Bullock of Colliers represented the seller, Milwaukee-based developer PBH …

Ivanhoé Cambridge Acquires Callahan Capital Properties in Investment Firm Merger

CHICAGO AND NEW YORK CITY — Ivanhoé Cambridge has acquired Callahan Capital Properties (CCP) for an undisclosed price. The transaction will internalize all investment and asset management responsibilities. In 2012, Ivanhoé Cambridge partnered with CCP to expand its U.S. office properties platform. At the time of closing, the platform’s assets under management were in excess of $10 billion. Some prominent office properties that the partnership owns in New York include 85 Broad St., …

Thor Equities Acquires Medical Office Building Near Boston for $23.5M

NORWOOD, MASS. — Thor Equities has acquired the Norwood Medical Center, a three-story, 92,000-square-foot medical office building in Norwood for $23.5 million. The seller was undisclosed but was reported by various media outlets as Grander Capital Partners. Located at 825 Washington St., the 4.7-acre property is currently 95 percent occupied by a tenant roster that includes Steward Health Care and Quest Diagnostics. The facility serves as the primary medical office and outpatient services …

NKF Capital Markets Brokers Sale of Two-Building Office Portfolio Near Trenton

HAMILTON, N.J. — NKF Capital Markets has brokered the sale of a two-building office portfolio in Hamilton. Steven Schultz, Kevin Welsh, Steve Tolkach, Tony Georgiev and Brian Schulz of NKF Capital Markets represented the seller, Mack-Cali, in the transaction. Located at 600 and 700 Horizon Drive, the two buildings are net leased to Verizon Communications and AAA respectively. 600 Horizon sold to a private investor and is a single-story building that was built in 2002 as a call center. 700 …

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