Office

CBRE/NE Arranges $3.8M Sale of Office Building in New Hampshire

by Amy Works November 6, 2015

MERRIMACK, N.H. — CBRE/New England has arranged the sale of an office building located at 21 Manchester St. in Merrimack. HCOP Merrimack, a joint venture between Novaya Real Estate Ventures and Bradstreet & Chandler, sold the property, which included 4.1 acres of land, to an undisclosed buyer for $3.8 million. The 41,000-square-foot building is part of the three-building Heron Cove Office Business Park, which is situated on 15 acres. Roger Dieker and Michael Tamposi of CBRE/NE represented the seller, while Michael Ciummei and Brian Tisbert of JLL represented the buyer in the transaction.

November 6, 2015

Loans New York Northeast Office

First Niagara Provides $3.5M in Financing for New Bivona Child Advocacy Center in Rochester

by Amy Works November 6, 2015

ROCHESTER, N.Y. — First Niagara Financial Group Inc. has provided $3.5 million in financing to Bivona Child Advocacy Center in Rochester. The financing includes construction and permanent loans, as well as a historic tax credit investment in the rehabilitation of the non-profit’s new location at The Skalny Building, previously known as the Old Stone Warehouse. Located at 1 Mount Hope Ave., the 30,000-square-foot building will house many of the non-profit’s partner agencies, including law enforcement, Child Protective Services, prosecutors, medical professionals, social workers, therapists and advocates. NH Architecture provided architectural services and CP Kelly & Associates served as general contractor for the project, which opened in September.

November 6, 2015

Industrial Office Texas

Brennan Investment Group Acquires Six-Building Industrial Portfolio Totaling 132,997SF

by Katie Sloan November 6, 2015

HOUSTON AND STAFFORD, TEXAS — Brennan Investment Group LLC has acquired a six-building industrial portfolio totaling 132,997 square feet in Houston and Stafford. The buildings are located at 8600 to 8850 Jameel Road in Houston, and 12705 S. Kirkwood Road in Stafford. The properties consist of office and warehouse space.

November 6, 2015

Office South Carolina Southeast

NAI Avant Arranges 5,400 SF Office Lease in Downtown Columbia

by Christina Cannon November 6, 2015

COLUMBIA, S.C. — NAI Avant has arranged a 5,400-square-foot office lease in downtown Columbia. The Mariner Group has relocated its headquarters to the TD Bank Building located at 1501 Main St. Mariner is a provider of maritime situational awareness and response management solutions and services. Paul Hartley, Roger Winn and Paul Paschal of NAI Avant represented Mariner in the transaction.

November 6, 2015

Florida Office Southeast

Binswanger-Gateway Completes 20,600 SF Office Lease in Miami

by Christina Cannon November 6, 2015

MIAMI, FLA. — Binswanger-Gateway has arranged a 20,600-square-foot office lease for Compass, a residential real estate brokerage firm. Compass will occupy the penthouse in the Art Deco building, located at 605 Lincoln Road in Miami Beach, for 10 years. The historic 72,000-square-foot building was constructed in 1936 by architect Robert E. Collins and was the former home of Sony Music. Pedro Garcia and Zach Binswanger of Binswanger-Gateway brokered the transaction. Lincoln Road Penthouse LLP is the landlord and was represented by Gordon Messinger of Cushman & Wakefield.

November 6, 2015

Midwest Missouri Office

Rabo Agrifinance Signs Lease to Occupy 62,500 SF of Office Space at Delmar Gardens III Near St. Louis

by Christina Cannon November 6, 2015

CHESTERFIELD, MO. — Rabo AgriFinance has signed a lease to occupy 62,500 square feet of office space at Delmar Gardens III in Chesterfield, Mo., once the building is completed in the summer of 2017. The five-story, 125,000-square-foot Class A office building is currently under construction along I-64/Highway 40 in the heart of St. Louis County. Delmar Gardens III is the first Class A, multitenant office building to be constructed in West St. Louis County since 2008. Rabo AgriFinance, a financial services provider for agricultural producers and agribusinesses, will relocate its headquarters from Creve Coeur Pointe to Delmar Gardens III. The building will include a fitness center, café and free covered garage parking. David Kelpe and Hassan Jadali of Cushman & Wakefield represented Delmar Gardens, the building owner, in the transaction. Kevin Bittmann of CBRE represented Rabo AgriFinance.

November 6, 2015

California Office Western

Est4te Four Buys Los Angeles Office Building for $21.6M

by Nellie Day November 5, 2015

LOS ANGELES — Est4te Four has purchased a 44,547-square-foot office building in Los Angeles for $21.6 million. The building is located at 929 East 2nd St. The acquisition includes additional land for development. Est4te Four plans to add more floors on top of the existing structure so it can redevelop the space into a hub with a retail component for the creative industry. The redevelopment is scheduled to commence next year.

November 5, 2015

California Office Western

Private Buyer Acquires Carmenita Corporate Plaza in Cerritos for $19.7M

by Nellie Day November 5, 2015

CERRITOS, CALIF. — A private buyer has purchased Carmenita Corporate Plaza, a 68,779-square-foot office building in Cerritos, for $19.7 million. The property is located at 13340 E. 183rd St. It is fully leased to Infinity Property & Casualty Corp. Ryan Swanson and Chris Conway of Lee & Associates Irvine represented the buyer. CBRE’s Kevin Shannon, Paul Jones and Blake Bokosky represented the seller, Cohen Asset Management Inc..

November 5, 2015

Office Washington Western

Red Lion Headquarters in Spokane Sells for $12.3M

by Nellie Day November 5, 2015

SPOKANE, WASH. — DPGB-WA-1 LLC has purchased the Red Lion Headquarters Building, a 100,362-square-foot office building in Spokane, for $12.3 million. The property is located at 201 W. North River Drive. It is situated along the Spokane River’s north bank. David Peterson of Goodale & Barbieri and Chris Johnson and MaryKay West of NAI Norris, Beggs & Simpson represented the sellers, 201 North River LLC and Red Lion Hotels LP. Peterson also represented the buyer.

November 5, 2015

Loans New York Northeast Office Retail

HFF Secures $89M in Refinancing for Retail, Office Building in NYC’s Meatpacking District

by Amy Works November 5, 2015

NEW YORK CITY — HFF has arranged $89 million in refinancing for a retail and office building located at 401 W. 14th St. in the Meatpacking District. MetLife provided the borrower, Taconic Investment Partners, with a 15-year, interest-only, fixed-rate loan. The four-story building is 100 percent leased to Hugo Boss, The Kooples, Apple Inc. and Raptor Capital Management. HFF secured the financing on behalf of the borrower.

November 5, 2015

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