MOORESTOWN, N.J. — Mack-Cali Realty Corp. has sold Moorestown Corporate Center on Strawbridge Drive in Moorestown for $19.9 million. The three buildings total 222,258 square feet and are 61.4 percent leased. A fund sponsored by Keystone Property Group acquired the property. Jerome Kranzel and Douglas Rodio of Jones Lang LaSalle represented Mack-Cali in the transaction.
HOUSTON — Stream Realty Partners has secured Multiphase Solutions Kenny's lease expansion at Park Ten Plaza, a 155,789-square foot office building at 15115 Park Row in Houston's Energy Corridor. The tenant has expanded its lease by 15,985 square feet to now occupy 43,291 square feet. Brad Fricks of Stream Realty Partners represented the landlord, 10 Park Row Office Corp., in the lease transaction.
ROSEVILLE, CALIF. — Sutter Health has signed a 10-year lease for 295,000 square feet of office space in Roseville where the healthcare operator plans to open an administrative service center. Additional services, such as finance, billing, human resources and other non-patient care functions, will also operate out of the new service center, which is located at 9100 Foothills Blvd. Sutter Health’s system offices will remain in Sacramento. The company was represented by Ron Thomas, Kevin Partington, Bruce Hohenhaus and Chris Schwarze of Cushman & Wakefield. The landlord, Quality Investment Properties, was represented by Dennis Shorrock and Bruce Wirt of Cornish & Carey Commercial Newmark Grubb Knight Frank.
WEST HILLS, CALIF. – Westwood Insurance Agency, a QBE FIRST subsidiary, has expanded to 44,436 square feet at the Corporate Pointe in West Hills. The office space is located at 8407 Fallbrook Ave. Westwood has resided at Corporate Pointe for the past eight years. QBE was represented by Dan Sanchez and Gil Ohls of Jones Lang LaSalle. The landlord, Multi-Employer Property Trust, was represented by CBRE. Bentall Kennedy acts as Multi-Employer Property’s real estate advisor.
NASHVILLE, TENN. — The Carothers Building, a four-building, 509,000-square-foot office park in Nashville’s Cool Springs submarket, has traded for $96.1 million. It was built in 1994 for Ford Motor Credit and is now 100 percent leased with tenants Cybera, Community Health Systems and Nissan as well as Ford Motor Credit. J.P. Morgan Asset Management sold the office property to Houston-based The Lionstone Group, a private real estate investment firm. Stewart Calhoun and David Meline of Cushman & Wakefield’s Atlanta office and Don Albright of its Nashville office represented seller J.P. Morgan Asset Management, which purchased the office property in 2006 for $69.75 million.
WEST HILLS, CALIF. – Westwood Insurance Agency, a QBE FIRST subsidiary, has expanded to 44,436 square feet at the Corporate Pointe in West Hills. The office space is located at 8407 Fallbrook Ave. Westwood has resided at Corporate Pointe for the past eight years. QBE was represented by Dan Sanchez and Gil Ohls of Jones Lang LaSalle. The landlord, Multi-Employer Property Trust, was represented by CBRE. Bentall Kennedy acts as Multi-Employer Property’s real estate advisor.
SAN DIEGO – A 69,600-square-foot office building in San Diego has received $6.9 million in permanent financing. The building sits adjacent to the Fashion Valley Mall within the Mission Valley submarket. The 10-year, fixed-rate loan was arranged for a group of private investors by Shaun Moothart of The Alison Company through a correspondent life company.
JACKSONVILLE, FLA. — A four-property office portfolio, totaling 54,000 square feet, has traded in Jacksonville for $1.75 million. Touchstone 9951 JAX LLC sold the portfolio to Mayport, Fla.-based Regency Business Centers. Chuck White of NAI Hallmark Partners represented both parties in the transaction. The four properties are located near the I-295 and Atlantic Boulevard intersection in Jacksonville.
BOSTON — HFF has arranged a $27 million loan for the refinancing of 1249 and 1255 Boylston St., a two-building office and retail portfolio in Boston's Fenway neighborhood. Originally built in the 1920s, both properties were renovated in 1990 and are fully leased. The buildings total 70,330 square feet. Greg LaBine, Porter Terry and Robyn King led the HFF team that represented the borrower, Samuels & Associates, in the transaction. Boston Private Bank & Trust Co. provided the financing.
HOUSTON — Mikob Properties has retained Moody Rambin as the leasing agent for the 78,027-square-foot Eleven Five Eleven building, located at 11511 Katy Freeway in Houston's Energy Corridor submarket. Kurt Kistler of Moody Rambin will handle the leasing assignment.
