Office

WIRTZ BEVERAGE ILLINOIS OPENS NEW 605,000-SQUARE-FOOT HQ

by admin November 28, 2012

CICERO, ILL. — Ryan Cos. has completed work on Wirtz Beverage Illinois, a new 605,000-square-foot corporate headquarters building at 333 South Laramie Ave. in Cicero. The facility consolidates four Wirtz Beverage locations into one hub for sales, distribution and training programs. Ware Malcomb provided architectural and design services to Wirtz Realty Group, the newly formed real estate arm of Wirtz Corp. The property features offices, conference centers, training facilities and warehouse and distribution areas. The building also contains digital signage screens. The 500,000-square-foot warehouse contains one of the largest temperature-controlled wine storage components in the country.

November 28, 2012

AMERICAN TOWER ACQUIRES COMMUNICATIONS SITE AT JOHN HANCOCK BUILDING

by admin November 28, 2012

CHICAGO — American Tower Corp. has acquired the 93rd and 97th floors of the John Hancock Center in Chicago, as well as rights to the existing telecommunications leases associated with the property. The sale includes more than 34,000 square feet for broadcast and telecommunications equipment and two broadcast towers. American Tower says it plans to market the property to both broadcast and wireless tenants.

November 28, 2012

Northeast Office

OFFICE PORTFOLIO IN BOSTON'S SEAPORT DISTRICT SELLS FOR $106.7M

by admin November 28, 2012

BOSTON — DivcoWest Properties has acquired a four-property, 362,562-square-foot office portfolio for $106.7 million in Boston's Seaport District. The properties include 300 A St. (106,171 square feet); 313 Congress St. (70,217 square feet); 330 Congress St. (35,811 square feet); and 51 Sleeper St. (150,363 square feet). Originally constructed as wool warehouses, the assets have been converted into high-quality office spaces. Coleman Benedict and Ben Sayles led the HFF team that represented the seller, Brickman Associates, in the transaction. They also procured the buyer. Additionally, HFF arranged the $31.4 million acquisition financing for 51 Sleeper St., which was financed by Eastern Bank.

November 28, 2012

Office Texas

HINES SELECTS COLVILL TO LEASE 12M SF PORTFOLIO

by admin November 28, 2012

HOUSTON AND DALLAS — Houston-based Hines has selected Houston-based Colvill Office Properties to direct leasing and marketing for 15 properties totaling 12 million square feet, located in Houston and Dallas. Colvill Office Properties has an expanded total of 20 million square feet in leasing assignments.

November 28, 2012

Office Western

CITY, COUNTY OF SAN FRANCISCO LEASES 104,000 SF AT 1155 MARKET STREET

by admin November 28, 2012

SAN FRANCISCO — The City and County of San Francisco has signed a 10-year lease for 104,000 square feet at 1155 Market Street. The agencies will occupy about 75 percent of the building. The space will be occupied by the treasurer/tax collector, assessor-recorder and public worksagencies, among others. The lease allows for expansion options, as well as the right of first offer for the building’s 10th and 11th floors. The building was previously occupied by the San Francisco Public Utilities Commission. Laurus Corporation created the single-purpose entity 1155 SF Partners LLC to acquire the building in September 2011. It plans to invest about $14 million in renovations. It is striving for LEED-Gold certification. CAC Group handles the building’s leasing efforts.

November 28, 2012

Midwest Office

WASTE MANAGEMENT TAKES SPACE AT BUTTERFIELD CENTRE

by admin November 27, 2012

LOMBARD, ILL. — Waste Management has signed a lease for 40,300 square feet of office space at Butterfield Centre in Lombard. The space is part of a 145,814-square-foot building located at 700 E. Butterfield Road. Property amenities include immediate access to I-88, newly renovated common areas, a conference center with auditorium and an on-site deli. Michael Van Zandt, Brian Edgerton and Matt Novak of NAI Hiffman represented the landlord, Travelers Insurance, in the transaction. John Musgjerd of Jones Lang LaSalle represented the tenant.

November 27, 2012

Northeast Office

MOTION PICTURE ASSOCIATION OF AMERICA MOVES NEW YORK OFFICE

by admin November 27, 2012

HARRISON, N.Y. — The Motion Picture Association of America (MPAA) will relocate its New York office to 500 Mamaroneck Ave. in Harrison. The organization signed a five-year lease for 2,476 square feet on the fourth floor, and plans to move from its current space in Tarrytown, N.Y., in 2013. The landlord, Malkin Properties, was self-represented by Jeffrey Newman, Kimberly Zaccagnino and Tara Long in the transaction. The MPAA has served as an advocate of the U.S. motion picture, home video and television industries around the world since 1992.

November 27, 2012

Office Texas

BOXER MANAGING, LEASING BANK OF AMERICA BUILDING

by admin November 27, 2012

PASADENA — Houston-based Boxer Property has been awarded the management and leasing of the 56,000-square-foot Bank of America Building, an office property located at 213 W. Southmore Blvd. in Pasadena. Doug Pack of Boxer Property negotiated the agreement, which brings Boxer's third-party management portfolio to more than 5 million square feet.

November 27, 2012

Office Southeast

MIAMI NORTH OFFICE PARK SELLS IN DURHAM, N.C.

by admin November 26, 2012

DURHAM, N.C. — The four-building, 72,944-square-foot Miami North Office Park, located in the Research Triangle Park at the intersection of I-40 and Miami Boulevard in Durham, has sold. The office property was built in 1997 and 1999 on a 6.43-acre site. Ben Kilgore of CBRE/Raleigh represented the unlisted seller. Raleigh, N.C.-based TME Investments purchased Miami North Office Park.

November 26, 2012

Office Southeast

CBRE TO LEASE 820 FIRST STREET IN D.C.

by admin November 26, 2012

WASHINGTON, D.C. — CBRE has been selected to lease 820 First Street, a 298,533-square-foot Class A office building located across from Union Station in Washington, D.C.’s Union Center Plaza. The 11-story building includes CNN, Accenture, and Center on Budget and Policy Priorities as tenants in D.C.’s Capitol Hill North submarket. Affiliates of Norfolk, Va.-based Harbor Group International LLC purchased 820 First Street in October along with investment partners including affiliates of Capstone Equities and Image Capital. The building was built in 1990 and has approximately 53,552 square feet available for lease.

November 26, 2012

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