HOUSTON — Lloyd Jones Capital has opened a new office in Houston to serve the Houston and San Antonio markets. Headquartered in Miami, the company specializes in multifamily investment in Florida, Texas and South Carolina. This is the company’s second Texas office. The Dallas/Fort Worth office opened earlier this year. Located at 2929 Allen Parkway, Suite 200 in Houston, the new office will house two vice presidents of investments, Fin Erwin and Fernando Zamarripa, whose responsibilities will be to identify, acquire, underwrite and manage the company’s multifamily investments.
HOUSTON — NAI Partners has arranged a 15,089-square-foot office lease in Houston. NAI represented Noex Management LLC in the lease of space at 2500 Fondren Road. The property, known as Piney Point Offices, is located between the Galleria and Westchase submarkets just south of the Memorial Villages. Sam Hansen of NAI Partners represented the landlord, Noex, in the lease negotiations. Rich Pancioli and John Dolan of CBRE represented the tenant, American Cancer Society Inc.
ANN ARBOR, MICH. — Friedman Integrated Real Estate Solutions has arranged the sale of a 47,074-square-foot office building in Ann Arbor. The property is located at State Technology Center I. The seller, 4750 Venture Drive Associates LLC, sold the building to Capovista LLC. State Technology Center I is a single-story office/flex building. The asset was built in 1987 on a 4.12-acre site within the State Technology Center business park, home to three technology and engineering-based companies. Barry Swatsenbarg and Rich Deptula of Friedman represented both the undisclosed seller and the buyer.
PHOENIX – BH Properties has acquired a three-property office and industrial portfolio in the Phoenix area for $22.8 million. The portfolio, known as DMC Portfolio, contains two office buildings and an industrial park that total 230,524 square feet. The 65,857-square-foot Tempe Commerce Park is located at 7420 S. Kyrene Road in Tempe. The 62,115-square-foot ADP Building is located at 7474 W. Chandler Blvd. in Chandler. The 102,552-square-foot Ocotillo Business Center is located at 7910, 7970 and 8060 S. Kyrene Road in Tempe. The portfolio was 72.2 percent occupied at the time of sale. The seller, Buchanan Street Partners, was represented by DTZ’s Bob Buckley, Tracy Cartledge, Steve Lindley and Ben Geelan.
DALLAS — Marcus & Millichap has arranged the sale of Northpoint Medical Arts, a 116,875-square-foot multi-tenant medical office building in Dallas. Ron Hebert of Marcus & Millichap’s Dallas office represented the seller, Q Northpoint LP. The buyer, Gregory Interests LLC, was represented and procured by Trinity Interests, a Dallas-based commercial property management firm. The facility is located at 12606 Greenville Ave. near the intersection of I-635 and Greenville Avenue near Central Expressway. The two-story Northpoint Medical Arts building was built on five acres in 1979. Tenants include Concorde Career College, Northpoint Pediatrics, Preston Village Pharmacy, ROSA of North Dallas LLC, Texas Health Recourses, University of Texas Southwest Medical Center and Vivere Health Dallas LLC.
ATLANTA — Porsche Cars North America (PCNA) has opened its new $100 million Porsche Experience Center (PEC) and headquarters in Atlanta. The 27-acre complex, which is located at the northeast corner of Hartsfield-Jackson Atlanta International Airport, is the largest investment ever outside Germany for the sports car manufacturer. The facility is complete with a driver development track, classic car gallery, restoration center, human performance center, driving simulator lab and a fine dining restaurant. The property’s business center features 13,000 square feet of conference and event space. An estimated 30,000 guests are expected to visit the PEC each year. PCNA has called the Atlanta area home since 1998. PCNA is now joined by Porsche Financial Services, Porsche Business Services, Porsche Consulting and Mieschke Hofmann & Partners, with all five entities housed at the new facility. Roughly 450 employees will be based at the new headquarters, over 100 of whom fill positions that are new to Georgia.
CHARLOTTE, N.C. — HFF has brokered the $107.8 million sale of 101 Independence Center, a 565,694-square-foot, Class A office tower in downtown Charlotte. The 20-story tower is located at the intersection of Trade and Tryon streets, roughly two blocks from the CTC Lynx light rail station, and is connected to the adjacent Charlotte Center City Marriott hotel. Built in 2001, the building features a concierge, food court, restaurants, three-story atrium and three-story underground parking garage. The property was 82.2 percent leased at the time of sale to office and retail tenants such as Bank of America; Northeastern University; Clifton Larson Allen LLP; G4S Solutions; Grier Furr and Crisp PA; Robinson, Bradshaw and Hinson; Smith Moore Leatherwood LLP; Newk’s Eatery; Starbucks Coffee; Uptown Sundries; Subway; Tin Tin Box & Noodles and Showman’s. Ryan Clutter, Zachary Drozda, Kelly Kuykendall and Ryan Eklund of HFF represented the seller, KBS Real Estate Investment Trust, and its asset manager, Gramercy Property Trust Inc. A joint venture between LRC Properties and an undisclosed capital source purchased 101 Independence Center free and clear of existing debt.
BOSTON — 226 Causeway Holdings LLC has completed the disposition of an office and retail property located at 226 Causeway in downtown Boston. The six-story Class A property sold for $92 million. The 192,890-square-foot property is 92 percent leased to a variety of tenants and anchored by two divisions of TripAdvisor, Oxfam America’s headquarters, the headquarters of the NBA’s Boston Celtics and Stantec. The property recently underwent a $1.7 million capital improvements program, including a complete lobby renovation, updated common areas and new building signage. Robert Griffin, Edward Maher and Matt Pullen of Cushman & Wakefield represented the seller in the transaction. The name of the buyer was not released.
STAMFORD, CONN. — Cushman & Wakefield has brokered the sale of Airport Campus, a two-building office campus located at 113 King Street in Stamford. MBIA sold the property for an undisclosed price to a joint venture between affiliates of Steven Wise Associates LLC and the Manocherian family. Situated on 38 acres, the campus comprises a 110,000-square-foot building and a 190,000-square-foot property, as well as approvals to expand the facility by more than 240,000 square feet. The campus features a 250-person cafeteria; fitness center; auditorium and video conference center; 17 conference rooms; three meeting rooms; walking trails; tennis, basketball and volleyball courts; and facilities for a sundry shop, ATM, dry cleaner and professional mailroom. Thomas O’Leary, Maureen O’Boyle and Gerry Lees of Cushman & Wakefield represented the seller in the transaction. The buyer has retained Trip Hoffman, Matthew Lisk and Mike McCarthy of Cushman & Wakefield as leasing agents for the property.
YORKTOWN, N.Y. — GHP Office Realty LLC has launched a $6 million renovation program at Northern Westchester Executive Park, a 26-acre office park in Yorktown. The parks consists of the a 68,000-square-foot medical office property at 2649 Strang Blvd. and a 150,000-square-foot technology/medical/laboratory/call center at 2651 Strang Blvd. Renovations at 2649 Strang Blvd. will include a state-of-the-art fitness center, a café and upgraded common areas. Renovations at 2651 Strang Blvd. will include the interior demolition of 100,000 square feet of flex, office, medical, lab, technology and call center, and the installation of new windows and heating and ventilating systems. Current tenants at the park are ENT & Allergy Associates, Hudson Valley Hematology, North Shore-Long Island JHS, Northern Westchester County Dental, Hudson Valley Oral Surgery, Dialysis Clinic Inc. and Mercy College’s Yorktown Campus.