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.
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.
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.
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.
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.
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.
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.
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.
JACKSONVILLE, FLA. — Parkway Properties has completed its purchase of eight office properties totaling 1 million square feet in the Deerwood submarket of Jacksonville for $130 million. The properties were developed in phases from 1996 through 2005 and are a combined 93.7 percent occupied. With this acquisition, Parkway now owns approximately 1.4 million square feet and also manages or leases another 2 million square feet, which total 3.4 million square feet in Jacksonville.
COLUMBUS, OHIO — Nationwide Realty Investors has opened a $37 million office building in Columbus. The five-story, 200,000-square-foot property is located on the corner of Nationwide Boulevard and North Front Street in the Arena District, an entertainment-focus district in downtown Columbus. The building is adjacent to the 1.7 million-square-foot Columbus Convention Center and the 532-room Hilton hotel. Associates from Nationwide Financial’s retirement plans business occupy the new building.