WALTHAM, MASS. — Boston Properties has inked a lease with Wolverine Worldwide for 150,000 square feet at its 10 CityPoint project in Waltham. The company plans to use the office space as headquarters for its Sperry Top-Sider, Saucony, Keds and Stride Rite brands. This lease will kick off construction for the 10 CityPoint project, which is the newest addition to Waltham’s CityPoint district. Located on Route 128 at the exit 27 interchange, 10 CityPoint will include street-level retail and restaurant space, as well as 230,000 square feet of high-performance workspace. John Boyle, Michael O’Leary and Kevin McNamara of Cassidy Turley, along with Randy Tarnow of Mohr Partners represented the tenant, while David Provost, Richard Monopoli and Matthew Murray provided in-house representation for Boston Properties in the transaction. In addition to the Wolverine lease, Boston Properties has signed leases with Posto and Bonefish Grill.
Office
WESTPORT, CONN. — Vidal Wettenstein LLC has brokered the sale of an office building located at 37 Franklin St. in Westport. Dinmar Realty sold the 6,000-square-foot property to Chris Anderson for $1.2 million. The buyer plans to renovate the property and utilize it for his company. Robert Lewis of Vidal Wettenstein represented the seller, while Kevin Foley of Cushman & Wakefield represented the buyer in the transaction.
OXNARD, CALIF. – A 20,740-square-foot office building in Oxnard has sold to Brinkmanent LLC for $3.2 million. The building is located at 1555 West 5th Street. The space was 97 percent leased at the time of sale. The California Department of Probation occupies about 55 percent of the space. Brinkmanent was represented by Larry Margo of Berkshire Hathaway. The seller, PAC II Venture LP, was represented by John Battle and John Ochoa of Lee & Associates-LA North/Ventura.
GREENVILLE, TEXAS — Marcus & Millichap has arranged the sale of United Dialysis Center, a 7,420-square-foot office property in Greenville. Terms of the sale were not released. Geoff Ficke and Chris Adams with Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a limited liability company. An outside broker represented the 1031 tax-deferred exchange buyer. United Dialysis Center is located at 4309 Ridgecrest Road in Greenville, just south of U.S. Highway 380 and adjacent to Hunt Regional Healthcare Hospital. The property is 100 percent occupied.
SAN FRANCISCO — Jamestown has acquired Waterfront Plaza, a 297,260-square-foot office complex in the North Waterfront submarket of San Francisco, for a reported $88 million. The four-building property is located along the Embarcadero. It is bound by Bay Street to the north, Kearny Street to the west and Chestnut Street to the south. The transaction includes two office buildings, a 130,585-square-foot building at 50 Francisco Street and a 143,350-square-foot building at 1700 Montgomery Street. It also includes a space occupied by Hillstone restaurant at 1800 Montgomery Street, as well as a five-story parking structure and ground-floor offices at 60 Francisco. Waterfront Plaza currently has 40 tenants. Notable employers include Giant Creative Strategy, Comcast of California Inc., Advance Magazine Publishers, HQ Global, Weisscom Partners and Andre-Boudin. Jamestown plans to add more tenant amenities and design features to this dog-friendly complex. The asset was acquired by the Jamestown Premier Property Fund, the firm's flagship core and core-plus investment vehicle for institutional investors. The seller, LaSalle Investment Management, was represented by Eastdil Secured.
HAWTHORNE, CALIF. — Chambers Street Properties has acquired a 510,000-square-foot industrial property in Hawthorne for $46.7 million. The property is located at 1 Rocket Road. It sits adjacent to the 105 freeway. The property serves as the headquarters for Space Exploration Technologies Corp. Also known as SpaceX, the company designs, manufactures and launches advanced rockets and spacecraft. SpaceX’s net lease extends through January 2023.
AUSTIN — CBRE has arranged a lease for GateHouse Media, a newspaper publisher, at Northview Business Center in Austin. The 18,700-square-foot space will house the company’s new Center for News & Design. The center opened in a temporary facility in May 2014 and will move into a permanent facility in late 2014 in the same office park. The property is located at 9001 N. Interstate Highway 35. The company expects 150 employees to occupy the center by the end of the year. W. Gaines Bagby with CBRE’s Austin office represented Gatehouse. Luke Wheeler and Will Stewart with Transwestern represented the landlord.
BUFFALO, N.Y. — CBRE Group has arranged the sale of Ingram Micro East Coast Headquarters, an office complex located in suburban Buffalo. American Realty Capital Partners, a REIT, purchased the property for $24.5 million or approximately $123 per square foot. Situated on 21 acres, the two-building property offers 200,075 square feet of office space: the 170,346-square-foot 1759 Wehrie Drive and the 29,729-square-foot 395 Youngs Road, which are connected by a two-story atrium. Edward Midgley and Dan Kaplan of CBRE’s New York City office, along with V. Jeffrey LiPuma and Bob Starzynski of the Buffalo office represented the owner, Winthrop Realty Trust, in the transaction.
OAK BROOK, ILL. — Morgan/Harbour Construction has completed a 130,000-square-foot build-to-suit office project for Hub Group in Oak Brook, a suburb of Chicago. The asset-light freight transportation management company relocated its headquarters and consolidated nearly 500 employees from several locations in Illinois at the new ground-up, four-story building located at 2000 Clearwater Drive. The new facility sits on a 17-acre site in the I-88 tech corridor. Upon demolition of an existing building and site preparation, Morgan/Harbour constructed the new building to feature open work areas, semi-private offices, executive offices and conference rooms throughout the building. The firm also incorporated freight containers within the space to serve as informal meeting spaces. The facility also features underground parking, natural habitat landscaping, ponds and walking trails. The site has the capacity for an additional 200 employees. Additional features include a high-efficiency HVAC system, energy-efficient lighting controls and storm water harvesting. The property is LEED Gold certified. Morgan/Harbour’s Warren Seil and Ben Warriner led the project team, which also included Graeme Foster and Jim McCarron. Solomon Coldwell Buenz provided the architectural services.
CHICAGO — Wirtz Realty Corp. and MB Real Estate (MBRE) have arranged the lease renewal of a 23,000-square-foot office space in Chicago for Meredith Corp. The media and marketing company will continue to occupy space on the 14th and 15th floors at 333 N. Michigan Ave. Built in 1928, 333 N. Michigan was one of the city’s first Art Deco skyscrapers. The City of Chicago designated the property as a historical landmark in 1997. Wirtz Realty Corp. and MBRE are in the midst of a $47 million redevelopment of the 34-story office property. Renovations include office space modernizations, updated finishes to the lobby and elevators as well as the addition of turn-key spec suites and up to 44,000 rentable square feet of divisible retail space. Wirtz Realty Corp. and MBRE will also incorporate a tenant amenity floor featuring a lounge, conferencing facilities and a fitness center. MBRE leases and manages the building, which is owned by Wirtz Realty Corp. Mark Buth and Kelsey Karp of MBRE represented ownership in the lease transaction. Meredith Corp. represented itself.