ADDISON, TEXAS — Dallas-based Bradford Commercial Real Estate Services has arranged the sale of two single-story brick office buildings totaling 37,771 square feet in Addison. The properties are located at 14330 Midway Road at an intersection with Proton Drive. The buyer, newly formed commercial real estate firm Proton Partners LP, plans to lease and manage the office properties. Proton Partners will also occupy office space in the smaller office building. Greg McLane of Dallas-based Swearingen Realty Group LLC represented the buyer in the transaction. Leigh Richter of Bradford Commercial represented the seller, Maxim Integrated Products Inc.
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RANCHO CUCAMONGA, CALIF. — MCS Industries has signed a lease for 115,000 square feet in Rancho Cucamonga. The space is located at 11089 Tacoma. MCS also has the option to absorb an additional 100,000 square feet of space. The firm will begin directing inbound ocean freight to the new location this month, and will complete its move by July. It is relocating from a 86,000-square-foot location in Visalia.
LONG BEACH, CALIF. — Special Olympics of Southern California (SOSC) has signed a new lease for 12,029 square feet in Long Beach. The office property, located at 1600 Forbes Way, will act as the organization’s headquarters. The unnamed landlord was represented by Doug Wubbena and Randy Matusoff of NAI Capital. They also worked in collaboration with Bill Townsend of Inco Commercial Real Estate to bring SOSC into the space.
MOUNTAIN VIEW, CALIF. – A 63,271-square-foot office property in Mountain View has received a $15-million senior mortgage loan. Broadreach Capital Partners used the funds to refinance the property’s previous loan. The loan was provided by Ares Commercial Real Estate Corporation.
NEW YORK CITY — ABS Partners Real Estate LLC has arranged three leases at 44 Wall St. on the seventh floor, totaling close to 8,000 square feet. Matthew Hoffman of Focus Real Estate Group represented Style House PR, which signed a 2,916-square-foot lease. Leon Manoff of Colliers International represented Handelsblatt, a daily German newspaper focusing on business, which signed a 2,135-square-foot lease. Theodora Livadiotis of Cassidy Turley represented SmartAsset, which signed 2,932-square-foot lease. Keith Lipstein, Jay Kreisberg and Adam Nelson of ABS Partners represented the landlord in the transactions.
MOUNTAIN VIEW, CALIF. – A 63,271-square-foot office property in Mountain View has received a $15-million senior mortgage loan. Broadreach Capital Partners used the funds to refinance the property’s previous loan. The loan was provided by Ares Commercial Real Estate Corporation.
SANTA CLARA, CALIF. — Park Square, a 465,000-square-foot office/R&D business park in Santa Clara, has sold to the Irvine Company for an undisclosed sum. It is situated adjacent to Highway 101 near Lawrence Expressway. The center is 60 percent leased. The seller, a joint venture between two global investment managers, was represented by HFF’s Michael Leggett, Steven Golubchik and John Simerlein.
STAFFORD, VA. — JMC Holdings LLC has acquired 800 Corporate Drive in Stafford from the Silver Cos. for $40 million. The 135,732-square-foot Class A office property is located at Quantico Corporate Center, about 600 yards from Marine Corps Base Quantico. The deal marks the New York City-based investment company's first venture outside of the New York market. The property is fully occupied by seven tenants that will remain in place under their current lease agreements, and JMC has retained Cushman & Wakefield to handle the property management. Tenants include defense contractor QinetiQ North America, which occupies the first and second floors. Kameron Zitelli of Berko & Associates represented the buyer in the transaction. The seller was self-represented by David Newman, along with Joe Pfahler of Coldwell Banker Elite.
CHARLOTTE, N.C. — Griffin Capital Essential Asset REIT has acquired the UTC Aerospace Systems headquarters building in Charlotte for $39.1 million. The single-story, 198,898-square-foot office building is fully leased to United Technologies Corp. The building recently underwent a $5.9 million renovation. The property is situated in the 65-acre Coliseum Centre office development, located minutes from Charlotte-Douglas International Airport. UTC Aerospace Systems is an aerospace and defense products supplier, including components used in commercial aircraft, helicopters and international space programs.
PARSIPPANY, N.J. — The 300 Kimball Drive building in Parsippany has been awarded LEED Silver certification under the U.S. Green Building Council’s program for existing buildings. Awarded the assignment to reposition and re-tenant the former State Farm Insurance headquarters a year ago, Transwestern has orchestrated extensive renovations and upgrading of the 12-year-old, Class A office building. Transwestern’s Sustainability Services division worked with its on-site property management team to bring the 400,000-square-foot building’s operations and maintenance to LEED standards.