Office

LPC REALTY ACQUIRES GREENSPOINT OFFICE PARK IN METRO CHICAGO FOR $23.5M

by admin March 14, 2013

HOFFMAN ESTATES, ILL. — LPC Realty Advisors, on behalf of a pension fund client, has purchased Greenspoint Office Park, a three-building, Class A office portfolio, for $23.5 million. The office property, which spans 489,635 square feet, includes Barrington Pointe building, 148,385 square feet; Greenspoint I, 202,838 square feet; and Greenspoint III, 147,412 square feet. The properties are located at 2300 N. Barrington Road, 2800 W. Higgins Road and 2895 Greenspoint Parkway at the interchange of Interstate 90 and Barrington Road. HFF represented the seller, Multi-Employer Property Trust, in the transaction.

March 14, 2013

FRANCZEK RADELET RENEWS 36,000 SF LEASE AT 300 S. WACKER IN CHICAGO

by admin March 14, 2013

CHICAGO — Chicago law firm Franczek Radelet P.C. has signed a 10-year extension of its 36,113-square-foot lease at 300 S. Wacker Drive in Chicago. The 512,350-square-foot, 35-story 300 S. Wacker building is currently 90 percent occupied. Melissa Rubenstein and John Beason of Jones Lang LaSalle represented the building’s owner, an affiliate of Norfolk, Va.-based Harbor Group International, in the transaction. Corby Marx, and Michael Marrion of Transwestern represented Franczek Radelet.

March 14, 2013

Office Western

FIVE CENTERPOINTE OFFICE BUILDING CHANGES HANDS IN LAKE OSWEGO

by admin March 14, 2013

LAKE OSWEGO, ORE. – The 113,910-square-foot Five Centerpointe office building in Lake Oswego has sold to Urban Renaissance Investment Partners Ifor an undisclosed amount. The center is located in the Kruse Way submarket. The office building is currently 85 percent leased. The buyer was represented by Buzz Ellis and Andrew Rosengarten of Jones Lang LaSalle. The seller, a pension fund, was also represented by Ellis.

March 14, 2013

Office Western

REGUS CORPORATION LEASES 16,324 SF AT PROMENADE CORPORATE CENTER

by admin March 14, 2013

SCOTTSDALE, ARIZ. — Regus Corporation has leased 16,324 square feet of office space at Promenade Corporate Center in Scottsdale. The center is located at 16427 N. Scottsdale Road. The Class A office buildings are 87 percent occupied. Regus was represented by CBRE’s Kevin Calihan. The landlord, Excel Promenade Office LLC, was represented by Jeffrey Wentworth and Sean Spellman of Cassidy Turley Arizona’s Office Group.

March 14, 2013

Office Western

TEMPE OFFICE COMPLEX RECEIVES $34M REFINANCE

by admin March 13, 2013

TEMPE, ARIZ. — A two-building, Class A office complex in Tempe has received $34 million in first-mortgage refinancing. The buildings are located at 100 & 150 West University Drive. They contain a total of 299,000 square feet and are currently 99 percent occupied. JP Morgan Chase occupies about 90 percent of the space. The funds were provided to Brookfield Asset Management by Jason Bressler of Mesa West. Financing was arranged by HFF’s John Ahmed.

March 13, 2013

Midwest Office

ASSOCIATION MANAGEMENT CENTER INC. SIGNS 47,129 SF LEASE AT O’HARE PLAZA

by admin March 13, 2013

CHICAGO — Association Management Center Inc., has signed a 47,129-square-foot lease at the O’Hare Plaza office complex in Chicago. The family-owned company, which provides full-service management, consulting and outsourced services to nonprofit organizations, will occupy all of the third floor and most of the second floor at the O’Hare Plaza I building, located at 8735 W. Higgins Road. The four-building, 707,000-square-foot O’Hare Plaza complex features covered parking, conference facilities and a fitness center. Rick Benoy and Dan Fernitz of Jones Lang LaSalle represented the building’s owner, a private investment group advised by Fulcrum Asset Advisors LLC. Kevin Clifton and Gregg Witt of CBRE represented Association Management in the transaction.

March 13, 2013

Northeast Office

LIFE IS GOOD SIGNS 21,682 SF OFFICE LEASE IN BOSTON

by admin March 13, 2013

BOSTON — Apparel maker Life is good has signed a 21,682-square-foot office lease at 51 Melcher St. in Boston’s Innovation District. The nine-story building is owned and operated by Synergy Investments and is being renovated with a new lobby, roof, windows, elevators, power feeds, HVAC and technology systems. Dan Collins and Steve James of NAI Hunneman represented Life is good in the transaction. Bill Crean and Kevin Kennedy of CBRE represented Synergy Investments.

March 13, 2013

Office Texas

LOCKTON SIGNS 99,000 SF LEASE WITH COUSINS AT 2100 ROSS

by admin March 13, 2013

DALLAS — Lockton Cos. has signed a 99,000-square-foot lease with Cousins Properties Inc. at 2100 Ross in Dallas' art district. Kansas City, Mo.-based Lockton, a global insurance and risk management firm, will move to space in the 11th through 14th floors of the property. 2100 Ross is a 33-story, 844,000-square-foot office building near the new Klyde Warren Park that links uptown Dallas to the arts district. The Class A office building is 78 percent leased, up from 67 percent leased when Cousins purchased the property last year. Tenants of 2100 Ross include CBRE, Prudential Mortgage Capital and Bank of America Merrill Lynch.

March 13, 2013

Office Western

TEMPE OFFICE COMPLEX RECEIVES $34M REFINANCE

by admin March 13, 2013

March 13, 2013

Office Western

SAN FRANCISCO OFFICE TOWER TRADES FOR $100M

by admin March 12, 2013

SAN FRANCISCO – A 21-story tower office tower located at 100 Spear Street in San Francisco has sold to Prudential Real Estate Investors for $100 million. The 203,071-square-foot building resides near Market Street in the city’s South Financial District. It was 91.5 percent leased at the time of closing. The tower has undergone a $4.5-million renovation and modernization over the past four years. The seller, Clarion Partners, was represented by HFF’sGerry Rohm, Michael Leggett and Dave Karol.

March 12, 2013

Newer Posts

Older Posts

Upcoming Events

Jun
17