AUSTIN, TEXAS — Investment firm CIM Group and Seaholm Power LLC have leased 103,000 square feet of office space at the Seaholm Power Plant in Austin to athenahealth. The tenant, a provider of cloud-based services for the healthcare industry, will fully occupy the office portion of the property, which is being repurposed as part of a mixed-use development. Renovations to the space for athenahealth are slated for completion in mid-2014, with construction of additional elements of the project extending into 2015. The Seaholm Power Plant redevelopment site is bounded by Cesar Chavez Street, West Avenue, 3rd Street and the A&NW rail line in downtown Austin.
JACKSON, MISS. — The Jackson office of law firm Baker, Donelson, Bearman, Caldwell & Berkowitz has leased the top three floors of a 120,000-square-foot office building at The District at Eastover, a mixed-use development in Jackson. The law firm signed the lease with owner The District Land Development Co. Demolition of the old buildings and underground infrastructure is now complete, including crushing the concrete of the old buildings, which will be used for road and parking lot bases throughout the new development. Mass grading, subgrade, road and new infrastructure work will commence at the end of March, and foundation work for Phase I will begin approximately 45 days thereafter. The District at Eastover The design team for the property includes architect Nelsen Partners and developer Holder Properties.
NEW LENOX, ILL. — DaVita Inc. has signed a second lease for 2,631 square feet in Pavilion A at the Silver Cross Hospital campus in southwest Chicago. NexCore Group developed, leases and manages the 182,000-square-foot Pavilion A, an outpatient facility that connects to the $270 million replacement hospital. DaVita Inc. will occupy space on the fourth level of the building for one of its home dialysis training centers, which will open in July 2014. DaVita also provides outpatient dialysis services at Pavilion A in the 7,000-square-foot infusion center on the first level
DALLAS — Colliers International has brokered the sale of Preston Plaza, a 261,186-square-foot office tower in north Dallas. Located at 17950 Preston Road, the Class A property stands 10 stories and is in proximity to President George Bush Turnpike, Dallas North Tollway and I-75. Jack Minter, Creighton Stark and Ben Lurie of Colliers represented both the seller, Granite Properties, and buyer, Caddo Holdings, in the transaction.
PORTLAND, ORE. – Law firm Bodyfelt Mount LLP has leased 7,663 square feet of space at The Spalding Building in Portland. The historic building is located at 319 SW Washington Street. The law firm will occupy the new space this summer after it relocates from its current space, just a few blocks away. It was represented by Andrew Rosengarten and Buzz Ellis of Jones Lang LaSalle. The landlord, Manchester Capital and Urban Renaissance Group, was represented by Greg Gonzalez and Joe Beehler of Colliers.
MAITLAND, FLA. — Crocker Partners has acquired a 174,048-square-foot office building located at 851 Trafalgar Court in Maitland, a northern suburb of Orlando. The property is currently 80 percent leased to tenants including Sprint/Nextel, Rasmussen College and Digital Risk. Crocker Partners will manage the property and CBRE will handle the building’s leasing responsibilities. The property will undergo a capital improvement program that will enhance the building’s elevator systems, signage and common area finishes. Including this acquisition, Crocker Partners owns more than 3.2 million square feet of office space in Florida.
CHICAGO — J.C. Anderson Inc. has completed the first phase of the 22,000-square-foot renovation for TransUnion at 555 W. Adams in downtown Chicago. TransUnion, a provider of credit information and information management services, selected J.C. Anderson Inc. to renovate its offices on the fifth floor. Phase I of the construction focused on the capital improvements to the property, which included the addition of a fitness center and a café, as well as extensive lobby renovations. Phase II of the renovation is now underway, which includes the demolition of offices to accommodate a renovated and open floor plan. The new office space will feature angled walls, millwork and glass throughout the space, as well as an upgraded kitchen. Michael Yazbec, president of the J.C. Anderson Inc. is the project executive, Joe Maguire is the project manager and Bob Hickey is the project superintendent for J.C. Anderson. SAS Architects is providing the architectural services for the renovation project, and Adriana Calderon of Jones Lang LaSalle is the project manager.
DALLAS — Bilingsley Co. has broken ground on a 31,450-square-foot build-to-suit office property at Cypress Waters, a master-planned development in Dallas. The single-story structure will serve as the new corporate headquarters of Cheddar’s Casual Café, a chain of restaurants with more than 150 locations in 28 states nationwide. Slated for completion in May, the project will be the first office building at Cypress Waters, which totals 1,000 acres along I-635 and stretches into the adjacent city of Irving. The new Cheddar’s facility will feature a test kitchen and training wing in addition to traditional workspaces.
FARMINGTON HILLS, MICH. — Arboretum Acquisition LLC has selected Friedman Integrated Real Estate Solutions to handle the management, leasing and construction assignment for Arboretum Office Park in Farmington Hills, a suburb northwest of Detroit. Located on 40 acres at 34405-34605 W. Twelve Mile Road and constructed in 1986, the 432,000-square-foot property features enclosed walkways connecting each building and large courtyards. Additional amenities feature on-site management and security card access system, high-speed data, cable and fiber-optic cabling, full-service cafeteria and sundry shop, conference center, state-of-the-art temperature control system and abundant parking. Planned improvements for the property include refurbishing the building’s exterior, landscape enhancements and fully remodeled lobbies with a high-end, modern finish. The property owner is a partnership between David Friedman of Friedman Integrated Real Estate Solutions and C. Michael Kojaian of Kojaian Ventures.
FORT WORTH, TEXAS — Colliers has brokered the sale of Western Place I and II, a pair of office towers totaling 427,000 square feet in southwest Fort Worth. The Class B assets, which are located at 6000 and 6100 Western Place along I-30, are leased to institutional tenants such as Lockheed Martin and BAE Systems. Western Place I stands 11 stories, while Western Place II stands 10 stories. Creighton Stark, Mark McEwen and Ben Lurie of Colliers represented both the seller, Sovereign Capital, and the buyer, TLC Urban, in the transaction. The acquisition required the assumption of an existing CMBS loan.