Office

CBRE Arranges Sale of Infill Office Building in Austin

by Haisten Willis January 28, 2015

AUSTIN, TEXAS — CBRE Capital Markets’ investment properties has arranged the sale of a 9,522-square-foot office building at 3108 N. Lamar Blvd. in Austin. A local investment firm purchased the asset from an Austin-based partnership for an undisclosed price. The property is 85 percent occupied and is located near Seton Medical Center and The Heart Hospital of Austin. The main tenant, gift card e-commerce provider QuickGifts Inc., occupies 4,347 square feet. In 2012, the building received several renovations, including new paint on the exterior and common areas, new common area flooring and new interior signage. Walter Saad, Cathy Nabours and Logan Reichle of CBRE represented the seller in the transaction. Andrew Perkel of Retail Solutions represented the buyer.

January 28, 2015

Hartman XX Purchases Office Portfolio in Houston

by Haisten Willis January 28, 2015

HOUSTON — Hartman Short Term Income Properties XX Inc. affiliate Hartman Highway 6 LLC has purchased the Timbercreek Atrium and Copperfield office buildings. The two Class B office buildings total 93,656 square feet and are located in the northwest Houston submarket, along Highway 6 between I-10 and FM 529. Timbercreek Atrium is a three-story, 51,035-square-foot building located at the intersection of Highway 6 North and Timbercreek Place. The property was 79 percent leased at the time of sale. Tenants include The Loken Group, H2O and the Harris County Hospital District. Copperfield Building is a three-story, 42,621-square-foot office building located on Spencer Road. At the time of sale, the property was 80 percent leased to J.P. Morgan Chase Bank, Deep Sea Development and Harvey Home Health. Joshua Lass-Sughrue, Douglas Pack and Sam Hansen of NAI Partners, along with Jordan Summerville of C-III Realty Services, represented the seller in the transaction. Dave Wheeler, Julian Kwok and Russell Turman of Hartman Income REIT represented Hartman Highway 6 LLC.

January 28, 2015

Office Texas

Colliers International Arranges Office Sublease in Dallas

by Haisten Willis January 28, 2015

DALLAS — Colliers International represented the law firm of Weil, Gotshal & Manges in the sublease of its 21,713-square-foot office space at 300 Crescent Court in Dallas. Schiff Hardin LLP, a law firm headquartered in Chicago, is the new tenant and will use this space as its new Dallas location. Schiff Hardin is currently in a temporary office at 100 Crescent Court while the company’s space is being renovated. The former Weil space was a secondary floor, which means that a reception area, break room and conference rooms will need to be constructed for Schiff Hardin’s new office. Schiff Hardin will occupy the entire fourth floor once the renovations are complete. Hunter Blanks, Travis Ewert and Scott Hage of Colliers International’s Dallas office represented Weil, Gotshal & Manges in the transaction. Bob Chodos and Steve Levitas of Colliers International Chicago represented Schiff Hardin LLP.

January 28, 2015

New York Northeast Office

The Feil Organization Signs 80,000 SF of New Leases at 7 Penn Plaza

by Amy Works January 28, 2015

NEW YORK CITY — The Feil Organization has completed 80,000 square feet of new leases at 7 Penn Plaza, a 18-story, 368,000-square-foot building, in New York. Recent leases include TranSystems’ 6,800-square-foot lease on the seventh floor, SourceOne’s relocation to 11,000 square feet on the fourth floor, RCG Longview and Estrich & Co.’s relocation to 17,000 square feet on the 14th floor, Guilford Publication’s 11,500-square-foot lease on the 12th floor, and National Hemophilia Foundation’s lease of 11,000 square feet on the 12th floor. Additionally, Retail, Wholesale and Department Store Union (RWDSU) signed for 23,000 square feet on two floors of the building. All tenants are expected to be open by summer. David Turino of The Feil Organization represented Feil in all the transactions. Michael Beyda of Benchmark Properties represented Guildford; Eric Thomas of Cresa New York represented the National Hemophilia Foundation; Brian Gella and Laurence Briody of CBRE represented RWDSU; and Joseph Mangiacotti of CBRE represented TranSystems in the transactions. Jeffrey Management Corp. is the building’s leasing and managing agent.

January 28, 2015

K2M Leesburg Virginia Trammell Crow Keane Enterprises

Office Southeast Virginia

Trammell Crow, Keane Enterprises Break Ground on New HQ for K2M in Metro D.C.

by John Nelson January 28, 2015

LEESBURG, VA. — Trammell Crow Co. (TCC) and Keane Enterprises Inc. have broken ground on the new global headquarters for K2M Group Holdings Inc., an international medical device company that designs, develops and commercializes technologies and techniques related to the spine. The 146,000-square-foot build-to-suit project will be located in Keane’s Oaklawn master-planned community in Leesburg, a suburb of Washington, D.C. K2M’s new headquarters will be comprised of a 62,000-square foot, three-story office building and an 84,000-square-foot, one-story research and development building. The office building will house general administrative, executive and sales staff, and the research and development building will contain office, conferencing, research and assembly space. TCC and Keane expect to wrap up construction on the project and open for occupancy in early 2016.

January 28, 2015

Illinois Midwest Office Retail

JLL Income Property Trust Acquires Parking Garage in Chicago’s River North Area

by Danielle Everson January 26, 2015

CHICAGO — Jones Lang LaSalle Income Property Trust Inc. has acquired a six-story, 366-stall parking garage known as Ohio Ontario Self Park in Chicago for $16.9 million. The parking garage is a component of the mixed-use development located at 33 W. Ontario Street in Chicago’s River North area. The development includes a 59-story, 364-unit condominium tower with its own deeded parking and ground level retail. In conjunction with the acquisition, JLL Income Property Trust entered into a lease with a subsidiary of Imperial Parking, a firm founded in Vancouver in 1962.

January 26, 2015

Arizona Office Western

Phoenix Heart Buys Talavi Building in Mesa

by Nellie Day January 26, 2015

MESA, ARIZ. – Phoenix Heart, the valley’s leading cardiology group, has purchased the Talavi Building in Mesa for $6.2 million. The 35,904-square-foot building is located at 5859 W. Talavi Blvd., within the Talavi Business Park. Phoenix Heart currently occupies half of the building. The remaining space is fully occupied by tenants like Credit Union West, John C. Lincoln and Wallick & Volk. Phoenix Heart was represented by Marcus Muirhead of Colliers International. The seller, Credit Union West, was represented by JLL’s Brian Ackerman.

January 26, 2015

Industrial Office Texas

Ascension Properties Purchases Two Commercial Properties in Metro Dallas

by Haisten Willis January 23, 2015

FORT WORTH AND CARROLLTON, TEXAS — Ascension Properties LP has purchased two properties located in Fort Worth and Carrollton. The purchase is the result of a 1031 tax-deferred exchange from the sale of Ascension Point Condominiums in August 2014. The first property is an office building built in north Fort Worth in 2004. Ascend Alliance LP sold the 20,100-square-foot building. Marty Rader with DFW Realty Partners LLC represented the seller in the transaction. Steve Fithian with Sperry Van Ness/Visions Commercial represented Ascension in the transaction. The other property is an industrial building located at 2420 Tarpley Road in Carrollton. Beltwood I & II Ltd., and Belmeade Tarpley Ltd., were the sellers. The property spans 58,700 square feet and was built in 1983. David Cook with Sperry Van Ness/David Cook Co. represented the seller. Fithian represented Ascension in the sale.

January 23, 2015

Office Texas

Vista Investment Group Purchases Office Building in Austin

by Haisten Willis January 23, 2015

AUSTIN — An investment group formed by Vista Equities Group and Vista Private Equity Group has purchased Park Central, a three-story, 115,000-square-foot Class A office building. The building is located in north central Austin in close proximity to I-35 and Parmer Lane. The property was built in 2008 and was 83 percent leased at the time of the acquisition. Austin-based ECR will handle leasing responsibilities for Park Central. Vista Management Co. will provide property management services. GE Capital Corp. arranged financing, and Tyler Ford of HFF’s Houston office arranged the transaction.

January 23, 2015

New York Northeast Office

JV Breaks Ground for 55 Hudson Yards Office Tower

by Amy Works January 23, 2015

NEW YORK CITY — Mitsui Fudosan American Inc., Related Cos. and Oxford Properties Group have partnered for the full capitalization of 55 Hudson Yards. The joint venture has broken ground for construction of the office tower, which will be located at 33rd Street and 11th Avenue on Hudson Park and Boulevard. Situated within the 28-acre Hudson Yards development, the 51-story, 1.3 million-square-foot building is slated for tenant fit-out in 2017. Designed by A. Eugene Kohn and Kohn Pederson Fox Associates, the property is anticipated to achieve LEED Gold certification upon completion. Upon build out, Hudson Yards will include more than 17 million square feet of commercial and residential space, more than 100 shops and restaurants, approximately 5,000 residences, a cultural space, 14 acres of public open space, a 750-seat public school and a 175-room luxury hotel.

January 23, 2015

Newer Posts

Older Posts