LONG BEACH, CALIF. – A 24,278-square-foot office building in Long Beach has sold to 2H Construction for $3.3 million. The vacant, four-story building is located at 2165 E. Spring Street. The buyer plans to refurbish the property as a build-to-suit. 2H Construction was represented by Matt Stringfellow and Courtney Bell of The Klabin Company/CORFAC International. The sellers, the Lawrence Shields Trust, was also represented by Stringfellow and Bell, along with Kimball Wassick of Cushman & Wakefield.
DALLAS — CBRE has arranged the lease of 104,064 square feet in Dallas for law firm Jackson Walker LLP. The tenant will occupy four floors of the KPMG Plaza at Hall Arts office building, which is located at 2323 Ross Ave. in the Dallas Arts District. Jeff Ellerman and Phil Puckett of CBRE represented Jackson Walker in the negotiations, while landlord Hall Financial Group was represented internally by Kim Butler.
LONG BEACH, CALIF. – A 24,278-square-foot office building in Long Beach has sold to 2H Construction for $3.3 million. The vacant, four-story building is located at 2165 E. Spring Street. The buyer plans to refurbish the property as a build-to-suit. 2H Construction was represented by Matt Stringfellow and Courtney Bell of The Klabin Company/CORFAC International. The sellers, the Lawrence Shields Trust, was also represented by Stringfellow and Bell, along with Kimball Wassick of Cushman & Wakefield.
OAKBROOK TERRACE, ILL. — SIRVA Worldwide has signed a lease for 53,372 square feet of office space at Parkview Plaza in Oakbrook Terrace, a western suburb of Chicago. SIRVA Worldwide, an international provider of relocation and moving solutions is relocating from neighboring town Westmont and will use the space for its global headquarters. One Parkview Plaza is a 263,912-square-foot, Class A building that is 74 percent occupied. Jim Adler, Dan O’Neill and Jud Henry, with NAI Hiffman’s office services team, represented the landlord, TIAA-CREF, in the transaction. Sven Sykes and Rick Morris of Colliers International represented SIRVA.
THE WOODLANDS, TEXAS — The Howard Hughes Corporation (NYSE: HHC) and its wholly owned subsidiary, The Woodlands Development Company, have opened One Hughes Landing, the first office building at Hughes Landing, a 66-acre mixed-use development in The Woodlands. Tenants of the 197,719-square-foot property include Strike LLC, Layne Christensen Co., PetroQuest Energy Inc., Summit Midstream, Sterling Construction, Wells Fargo Bank, GMA Garnet and Post Oak Bank. The developer is pursuing LEED Silver Certification for One Hughes Landing, which is an eight-story Class A tower. The Howard Hughes Corporation plans a total of 11 office buildings plus shopping, dining, entertainment and multifamily properties for the Hughes Landing development.
SAN FRANCISCO – The University of California, San Francisco(UCSF) has announced its plans to establish a state-of-the-art clinical and translational research unit focused on endocrinology in Mission Bay. The 30,000-square-foot space will be located at 499 Illinois Street in the San Francisco submarket. The facility is in close proximity to UCSF'S research campus and three new hospitals. The university has signed a 15-year lease at the property. Illumina also recently nabbed office and laboratory space at this 222,780-square-foot waterfront project. About 82 percent of the building is now leased or under negotiation. The building is owned by Alexandria Real Estate Equities.
PLANTATION, FLA. — CBRE has arranged the $21.5 million sale of the five-story, 134,443-square-foot Lakeside Office Center, a Class A office building located at 600 N. Pine Island Road in Plantation. Beverly, Mass.-based Brookwood Financial Partners purchased the property from Invesco Real Estate. CBRE represented the seller in the transaction and secured a $14.7 million acquisition loan on behalf of the buyer. The office building was 75 percent leased at the time of sale. The CBRE team involved in the transaction includes Christian Lee, Charles Foschini, Christopher Apone and Marcos Minaya, all in CBRE's Miami office. Sandra Anderson of Jones Lang LaSalle also assisted in the transaction and now handles leasing for the new owner.
FORT WORTH, TEXAS — Hillwood Development company has selected architectural firm BOKA Powell to design the first Class A office building at Alliance Town Center, part of the larger AllianceTexas development. The speculative property, which will total 157,000 square feet over three stories, is slated for completion in mid 2014. Green design elements to be implemented include low-emissivity coated glass, exterior passive sun-shading devices and high-albedo roofing and paving to reflect light. Rogers-O’Brien Construction will serve as general contractor on the project.
SAN FRANCISCO – The University of California, San Francisco (UCSF) has announced its plans to establish a state-of-the-art clinical and translational research unit focused on endocrinology in Mission Bay. The 30,000-square-foot space will be located at 499 Illinois Street in the San Francisco submarket. The facility is in close proximity to UCSF'S research campus and three new hospitals. The university has signed a 15-year lease at the property. Illumina also recently nabbed office and laboratory space at this 222,780-square-foot waterfront project. About 82 percent of the building is now leased or under negotiation. The building is owned by Alexandria Real Estate Equities.
SEATTLE — GLL Real Estate Partners has purchased a 130,530-square-foot, Class A office building in Seattle’s South Lake Union neighborhood for a reported $97 million. The six-story building is located at 202 Westlake. It is fully leased, with Amazon being the main tenant. The building is only three blocks away from the company’s high-rise headquarters development, which will contain 2.2 million square feet at Sixth and Blanchard. This is GLL’s first purchase in Seattle.