LISLE, ILL. — Adelphia Properties has brokered the sale of a single-story office building located at 4933 Lincoln Ave. in Lisle, a southwest suburb of Chicago. A private investor acquired the 8,163-square-foot property for $1 million. George Spirrison of Adelphia Properties represented the seller, Conner & Gallagher Insurance Services Inc.
DALLAS — BT Global Services, a subsidiary of BT Group, is moving the headquarters for its Americas operations to Cypress Waters in Dallas. Noel Hutcheson and Fernando Araiza of Colliers International were the tenant’s representatives while Kathy Permenter, Moody Younger and Sean Dalton of Younger Partners represented the landlord, Billingsley Co. BT is moving into 28,000 square feet at Cypress Waters with approximately 250 employees. Cypress Waters features restaurants and retail, as well as multifamily housing options. BT decided on the location for its Americas headquarters because of the proximity to DFW International Airport and access to a quality talent pool. BT joins tenants including Cheddars, Nationstar Mortgage, Meritage Homes and 7-Eleven.
HERNDON, VA. — DTZ has secured $83 million in financing for Woodland Park, a three-building office portfolio located in Herndon, a Virginia suburb of Washington, D.C. The 480,324-square-foot portfolio — comprising Plaza Ridge II and South Point I and II — is currently 96 percent leased. John Campanella arranged the 10-year, fixed-rate loan through an unnamed bank on behalf of the borrower, a joint venture between AEW Capital Management and American Real Estate Partners.
TEMPE, ARIZ. – ViaWest Group has sold Crossroads of Tempe, a 96,691-square-foot office complex, to Held Properties for $17.2 million. The property is located at 303 & 309 W. Elliot Road in Tempe. It is 96 percent occupied. Notable employers in the area include Go Daddy, AVNET, Qualcomm, Iridium Satellite, Intel, Motorola, Honeywell, Xerox, Microsoft, Bank of America, Wells Fargo, eBay/PayPal and AT&T. Held Properties was represented by Chris Toci and Chad Littell of Cushman & Wakefield of Arizona, and by Mark Gustin, Karsten Petersen and Dave Seeger of Jones Lang LaSalle. ViaWest will continue to manage the property. The Jones Lang LaSalle team will serve as the leasing agents.
LOS ANGELES — A joint venture between the Swig Company and Intercontinental Real Estate Corporation has acquired a 408,000-square-foot office tower in Los Angeles for an undisclosed sum. The 22-story tower is known by its address, 6300 Wilshire Blvd. The Class A property also contains a six-level parking garage and surface lot. The JV plans to make a significant investment in the property. The building is situated between the Miracle Mile and Fairfax Commercial districts. Notable development activity within the neighborhood includes several new residential projects, the multi-million dollar renovation of the Peterson Automotive Museum, the new Academy of Motion Pictures Museum and the Purple Line extension of the Los Angeles Metro System. Intercontinental made the investment with the Swig Company on behalf of its latest managed fund, which has invested in more than 80 commercial assets nationwide. This is the JV’s second transaction. The two firms acquired Bristol 61, a creative office campus in Culver City, late last year. The seller, Legacy Partners, was represented by Stephen Somer of Eastdil Secured. The JV’s legal advisors on the transaction were Tony Ratner of Farella Braun + Martel, and Kendall Brook and Mark Warcup of Bradley & Associates P.C. Leasing at …
NEW YORK CITY — Colliers International has brokered the sale of Edgewater Plaza, a seven-story office building located at One Edgewater Plaza in Staten Island. Edgewater Plaza Loft LLC acquired the 268,938-square-foot property for $21.5 million. At the time of sale, 181,172 square feet of the property was occupied by The City of New York Board of Elections, The New York Police Department and Staten Island University Hospital, among others. Jacklene Chesler, Richard Madison and Jeffrey Oram of Colliers represented the undisclosed seller in the transaction.
NEW YORK CITY — Himmel + Meringoff Properties has leased 30,720 square feet of office space to Dataminr at Six East 32nd St. in New York City’s NoMad district. The company has signed a 10-year lease for two floors at the 11-story office building. Dataminr, which transforms real-time data from Twitter and other public sources into actionable signals, is relocating and expanding from 99 Madison Ave. Jason Vacker represented the ownership, Himmel + Meringoff Properties, while Matthew McBride of CBRE represented the tenant.
PLANO, TEXAS — Gaedeke Group LLC has unveiled the design of One Legacy West, the first of two Class A office buildings planned for its 11-acre site at the southeast corner of Sam Rayburn Tollway and Legacy Drive in Plano. Gaedeke’s 14-story project will be the first multi-tenant office space to deliver in the $2 billion Legacy West, a 240-acre mixed-use development underway by Karahan Companies, KDC and Columbus Realty Partners. Gaedeke Group will break ground this summer and deliver the project in the fourth quarter of 2016. One Legacy West will feature a six-level parking structure and will be surrounded on three sides by a reflecting pool. The Class A tower will feature a 25-foot white marble lobby, elevators and floor-to-ceiling glass. Tenant amenities will include an outdoor terrace with fireplaces and seating areas, tenant lounge/game area, Wi-Fi in common areas, a conference center, fitness center, electric car charging stations and secure bike storage in the garage. Additional services include concierge service, courtesy shuttle service to local restaurants and shops, an on-site management and engineering service team, 24-hour security officer, car detailing/washing and shoe shine services.
BELLEVUE, WASH. – PCCP LLC and Align Real Estate have formed a joint venture to purchase a 110,372-square-foot office property in Bellevue. The purchase price was not disclosed. The space is located at NE 2nd Ave., between 106th and 107th avenues. It was built in 1995. Notable tenants include 24 Hour Fitness, Opus Bank and TIAA-CREF. Eastdil Secured represented both the buyer and the seller, LaSalle Investment Management, in this transaction.
MARYLAND HEIGHTS, MO. — Gershman Commercial Real Estate has brokered the sale of an office property located at Craigshire Road in Maryland Heights. CUNA Mutual Investment Corp. sold the 35,701-square-foot property for an undisclosed price to Integrity Disbursing LLC, acting as qualified intermediary for Gamma Enterprises LLC. Tim Balk of Gershman represented the seller, while Lee & Associates of St. Louis represented the buyer in the transaction.
