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AtWater Group Purchases 81,932 SF Office Building Near Minneapolis

GOLDEN VALLEY, MINN. — AtWater Group LLC has purchased Valley Square Corporate Center in Golden Valley, a western suburb of Minneapolis, for an undisclosed price. The 81,932-square-foot office building is located at 7500 Olson Memorial Highway. Amenities include a three-story atrium, training room, recently renovated common areas and heated underground parking. AtWater will act as asset manager on behalf of Concorde Properties Group, an affiliate of AtWater Group. Cushman & Wakefield..

October 18, 2017

TPA Group, USAA Deliver 173,000 SF Office Building in Atlanta

ATLANTA — TPA Group, in partnership with USAA Real Estate, has completed construction of 3400 Overton, a 173,000-square-foot office building located at the intersection of Akers Mill Road and Cumberland Boulevard in Atlanta. The seven-story, all-glass building features a fitness center, car wash, landscaped plaza and parking for 650 cars. Synovus Financial Corp. is the anchor tenant of the building, occupying four floors and a retail branch on the ground level. CBRE is handling the..

October 18, 2017

Stream Realty Negotiates 53,397 SF Office Lease in Dallas

DALLAS — Stream Realty Partners has negotiated an office lease at Gramercy Center South, a two-building, 256,000-square-foot office park located at 18451 N. Dallas Parkway in Dallas. Ryan Evanich and Matt Wieser of Stream Realty represented the landlord, ATCAP Partners, in the lease negotiations. The new tenant, Advanced Infusion Solutions, a provider of comprehensive pharmacy services, will occupy 53,397 square feet at the property.

October 18, 2017

Northwood Investors Buys 245,786 SF Office Building in Los Angeles for $148M

LOS ANGELES — Northwood Investors has purchased 800 Corporate Pointe, a 245,786-square-foot office building in the Los Angeles submarket of Culver City, for $148 million. The Class A building is situated off Slauson Avenue and Bristol Parkway near State Route 90. The four-story building was developed in 2007. It was 98 percent occupied at the time of sale. The LEED Gold-certified asset houses six tenants within the financial services, media, technology and engineering industries. The..

October 18, 2017

JV Starts Construction of 55,000 SF Office Building Near University of Florida

GAINESVILLE, FLA. — Concept Cos., in partnership with Gateway Development Services and Harvest Capital Group, has broken ground on 800 Second at Innovation Square, a 55,000-square-foot office building located adjacent to the University of Florida in Gainesville. The first floor of the building will include a bistro and coffee shop, as well as a work studio with a variety of spaces, including individual office suites, co-working/shared offices and conference rooms. The top three floors will..

October 17, 2017

HFF Arranges $47M Refinancing of Two-Building Office Portfolio in Metro D.C.

RESTON, VA. — HFF has secured $47 million in loans for the refinancing of Reston Metro Center One & Two, a two-building office portfolio in Reston, roughly 20 miles west of Washington, D.C. Cary Abod and Robert Carey of HFF secured the floating-rate loan through AllianceBernstein on behalf of the borrower, a joint venture between Coretrust Capital Partners LLC and Normandy Real Estate Partners. The portfolio totals 185,671 square feet and is located at 12120 and 12180 Sunrise Valley..

October 17, 2017

HFF Brokers Sale of 26-Building Office/Flex Portfolio in Southern New Jersey

MOORESTOWN AND BURLINGTON, N.J. — HFF has facilitated the sale of a 26-building office/flex portfolio located in Moorestown and Burlington. Mack-Cali Realty Corp. sold the portfolio to Brennan Investment Group for an undisclosed price, free and clear of any mortgage financing. Totaling 1.2 million square feet, the portfolio comprises 24 buildings in Moorestown and two buildings in Burlington. At the time of sale, the portfolio was 91 percent leased. Tenants at the portfolio include businesses..

October 17, 2017

Press/Cuozzo Negotiates $3.1M Sale of Two-Building Mixed-Use Portfolio in Hamden, Connecticut

HAMDEN, CONN. — Press/Cuozzo Commercial Services has arranged the sale of a two-building mixed-use portfolio located at 2340-2348 Whitney Ave. in Hamden. Town Hall Center LLC sold the portfolio to a private investor for $3.1 million. Totaling 23,320 square feet, the properties were 100 percent occupied at the time of sale. The properties feature a mix of retail and office tenants. Stephen Press of Press/Cuozzo Commercial Services represented the seller in the deal.

October 17, 2017

Marketing Firm to Open 114,000 SF Headquarters in Downtown Austin

AUSTIN, TEXAS — Main Street Hub, a marketing firm that targets local businesses, will open a new, 114,000-square-foot headquarters at 2010 E. Sixth St. in downtown Austin. The company will relocate employees from its two existing Austin offices, as well as those in its New York City office, to the new office space starting in 2019. The four-story property will offer amenities such as a rooftop patio, bicycle storage, on-site showers and dedicated parking for food trucks.

October 17, 2017

Strong Tech Sector, Robust Construction Pipeline Influence U.S. Office Fundamentals, Says Cushman & Wakefield

CHICAGO — A strong tech sector and the effects of a robust construction pipeline influenced U.S. office fundamentals during 2017’s third quarter, according to Cushman & Wakefield. The commercial real estate services firm today released its third quarter statistics, which demonstrated that nationally markets remained stable during the past three months. Overall, though, the strength of these and additional top markets — including Midtown Manhattan and Dallas — was offset by..

October 17, 2017