HOUSTON — Boxer Property has arranged the lease of 19,384 square feet of office space to HRSS LLP, a full service accounting firm, at 6671 Southwest Freeway in Houston. Travis Taylor and Chris Nash of Lee & Associates represented HRSS LLP in the lease transaction. Trey Miller and Jessica Barrera of Boxer Property negotiated the lease on behalf of the landlord, a third-party vendor. Located in Southwest Houston, 6671 Southwest Freeway has full floor suites, as well as private offices available for rent. The building contains granite floors and offers four levels of parking. Boxer Property provides on-site security and management.
HOUSTON — Ortega Medical Building LLC has purchased a 9,600-square-foot office facility at 1606 Romano Park Lane W. in Houston. Robert Noack of Lee & Associates’ Houston office represented the seller, District & Urban Inc., in the transaction. Erica Lara of Realty Associates represented the buyer.
AVON, CONN. — E.N.E. Realty Associates has acquired an office building located at 172 W. Main St. in Avon. Avonwood Enterprises LLC sold the 10,318-square-foot property for an undisclosed sum. The multi-tenant investment property was 100 percent occupied at the time of sale. The main tenant is Berkshire Hathaway HomeServices New England Properties. Gayle Erickson and Bruce Cagenello of Berkshire Hathaway HomeServices were the sole brokers in the transaction.
OAK BROOK, ILL. — Ryan Cos. has acquired 11 acres of land in Oak Brook, approximately 20 miles west of Chicago, for a future office and medical campus development. Ryan Cos. acquired the land from Convergent Capital Partners for an undisclosed price. The cost of the development — including the medical and office buildings, various amenities and structured parking — is estimated at $70 million. Ryan Cos. will build and own the project and will also provide real estate management services. Wright Heerema Architects will provide the architectural services. The site currently contains an industrial building with surrounding parking lots that will be razed this summer when construction is set to begin.
GRAND RAPIDS, MICH. — NAI Wisinski of West Michigan has arranged the sale of a 10,000-square-foot office building in Grand Rapids for an undisclosed price. Refined Marketers Inc. purchased the asset, located at 5360 Cascade Road SE, from Aardema Whitelaw PLLC. The purchase was done as part of a 1031 exchange. Kurt Kunst of NAI represented the buyer in the transaction, and Scott Morgan of Colliers International represented the seller.
KATY, TEXAS — Preparations are underway to launch a new concept of Hungry’s Café & Bistro, a dining venue with locations around Houston. Neima Sharifi and Sherbim Sharifi, nephews of Hungry’s original founder, are planning a mid-March opening for Local Table by Hungry’s in Villagio Town Center, where the company has leased 4,558 square feet of restaurant space. The Sharifi brothers have leased the last retail vacancy in Villagio Town Center, which is located at 22756 Westheimer Parkway in Katy. The 107,119-square-foot project’s office component is nearly 100 percent leased, with just 2,000 square feet of shell space available. Rachael Keener of NewQuest Properties represented the landlord, Villagio Investment Holdings, and also served as Hungry’s tenant representative. The prototype restaurant will include an inside bar plus a patio that opens to the courtyard. The Local Table site search had concentrated on Katy and The Woodlands. Local Table will include take-out and delivery service at lunch and casual dinner dining.
NEWTON, MASS. — R.W. Holmes Realty has brokered the sale of an office/manufacturing building located at 55 Border St. in Newton. Border Realty Trust sold the property to Quarter Realty Trust for $2.7 million. The 18,000-square-foot building features a tailboard dock, a drive-in door and heavy power. Garry Holmes of R.W. Holmes Realty represented the seller, while Dean Blackey, also of R.W. Holmes Realty, represented the buyer in the transaction.
WILTON, CONN. — JRT Realty Group, working in conjunction with Cushman & Wakefield, has arranged four leases totaling 23,595 square feet at Wilton Woods Corporate Campus, located at 10 and 20 Westport Road in Wilton. The two-building, Class A office park is owned by TIAA-CREF. Property Group Partners has signed a five-year, 6,874-square-foot lease on the third floor of the 341,207-square-foot building at 20 Westport Road, and Stonebridge Advisors has inked a 10-year deal for 6,642 square feet of first-floor space at the 197,512-square-foot building at 10 Westport Road. Property Group Partners, which serves as property manager of the complex, represented itself in transaction, while Stonebridge Advisors was represented by Thomas Pajolek of CBRE. Additionally, at the 10 Westport Road building, Sierentz Fund renewed its 5,879-square-foot lease and Louis Dreyfus Family Office renewed its 4,200-square-foot lease. TIAA-CREF was represented by Greg Smith of JRT Realty Group and Kevin Foley and William Montague of Cushman & Wakefield in the transactions.
KEENE, N.H. — Brady Sullivan Properties has signed leases with five new tenants at its Colony Mill Marketplace and Center at Colony Mill in Keene. Curry Restaurant, Southern NH Services and Bruce Carey Insurance opened a total of 3,600 square feet at Colony Mill Marketplace, while Adecco and Prospect Place joined Center at Colony Mill with a total of 2,500 square feet. Benjamin Kelley and Charles Panasis of Brady Sullivan Properties brokered the transactions.
SEATTLE — Seattle-based Schnitzer West LLC has landed a joint venture partner for the development of Madison Centre, a 36-story office tower in Seattle. Cornerstone Real Estate Advisers LLC has formed the joint venture with Schnitzer West on behalf of an unnamed institutional client. The equity contribution for this project totaled $150 million. Simultaneously with the joint venture formation, Cornerstone and Schnitzer West closed a construction loan with Blackstone Real Estate Debt Strategies and Bank of the Ozarks. The 754,000-square-foot, LEED Gold certified tower is situated on a 0.7-acre site in the central business district of Seattle. It will feature 746,000 square feet of office space and 7,800 square feet of ground-floor retail atop a seven-story subterranean parking garage. Construction on the project started in third quarter 2014, and is slated for completion during the second quarter of 2017. The building will feature an exterior façade utilizing high-performance glass and an aluminum curtain wall system, a ‘great room’ concept in the lobby, a 30-foot-tall glass rotunda with a suspended spiral staircase and a three-story, plant-covered “living wall.” Hartford, Conn.-based Cornerstone Real Estate Advisers LLC is a global real estate investment manager, providing core and value-added investment and advisory services to institutional and …