DALLAS — Hartman Short Term Properties XX Inc., an affiliate of Houston-based Hartman Income REIT has purchased the three-story Bent Tree Green, a 139,609-square-foot office building located in the Lower Tollway Corridor at 17300 N. Dallas Parkway in Dallas. Tenants include Purdy-McGuire Inc., Dental One Partners and Behringer Harvard REIT I. Garr Carr and Eric Mackey of CBRE Group represented the seller, Behringer Harvard, in the transaction. The buyer was self-represented by Dave Wheeler, Julian Kwok and Matt Blasi.
TORRANCE, CALIF. – The 272,245-square-foot PROLOGIS Capelin Distribution Center has opened in Torrance. It is located at 20000 S. Western Ave. The Class A, LEED-certified center is situated on a 14-acre site that previously held a vacant steel plant. It was designed by HPA and built by KPRS. David Prior of Klabin/CORFAC and Todd Taugner and Frank Schulz of Klabin Company/CORFAC in Torrance will serve as the center’s exclusive leasing agents.
NAPERVILLE, ILL. — Peace Hospice has signed a lease for 4,391 square feet of office space in Naperville. The office is part of a 59,898-square-foot building at 1717 N. Naper Blvd. The property is now 86 percent leased. The building features conference rooms, a tenant lounge, vending area, adjacent hotel and direct access to I-88. Brian Edgerton of NAI Hiffman represented the landlord, Butterfield Properties, in the transaction.
HOUSTON — A joint venture between Hallandale Beach, Fla.-based Beacon Investment Properties, Menorah Mivtachim and Psagot has acquired One City Centre, a 609,000-square-foot, Class A office building located at 1021 Main St. in Houston's CBD. Menorah Mivtachim and Psagot are two Israeli financial institutions. The joint venture purchased the 31-story office property from Behringer Harvard. One City Centre is currently 84 percent leased and was recently certified LEED Gold. Tenants include Waste Management and Energy XXI. Beacon also purchased a 560,000-square-foot office portfolio in Houston, Ashford 5, 6 & 7, last month.
HOUSTON — Q10 Kinghorn, Driver, Hough & Co. (KDH) has arranged construction/permanent financing for a 117,184-square-foot office/warehouse, located at the northeast corner of Heathrow Forest Parkway and Aldine Bender in the Interwood Business Park in Houston. Larry Peters of KDH's Houston office arranged the loan through a middle market bank in Houston on behalf of the borrower, SUHM Spring Works.
AURORA, ILL. — International Transload Logistics has purchased 3675 Darlene Court, an 8,271-square-foot office building in Aurora. The company plans to use part of the building for its corporate offices and lease the remaining space. The building is located in the Meadow Lakes Corporate Park, about five miles south of I-88, and features lake views, a full basement and abundant parking. Jim Adler and Adam Johnson of NAI Hiffman represented the seller, TCF National Bank, in the transaction. John Cash and David Haigh of NAI Hiffman represented the buyer.
HICKSVILLE, N.Y. — Ivy Realty has acquired Station Plaza, a two-building, 420,000-square-foot office complex in Hicksville. The property is located at 100, 102 and 110 Duffy Ave., adjacent to the Hicksville LIRR train station. The five-story buildings are 36 percent leased to tenants such as New York Sports Club and Farmers Insurance Group. Andrew Scandalios, Jose Cruz, Kevin O'Hearn and Jeffrey Julien led the HFF team that represented the seller, Duffy HH LLC, in the transaction. HFF also arranged the acquisition financing through Aetena Life Insurance Co. on behalf of the buyer.
DALLAS — Jones Lang LaSalle has secured Crosstex Energy's 108,525-square-foot lease at Crosstex Court, a seven-story corporate office development previously known as Cedar Springs Plaza, located at 2501 Cedar Springs Road in uptown Dallas. Steve Thelen, Jeff Staubach, Torrey Littlejohn and Vince Burt of Jones Lang LaSalle represented the tenant in the lease transaction. Michael Dudley and Hunter Lee of CBRE Group represented the landlord, Caddo Holdings.
CHANDLER, ARIZ. – An 83,183-square-foot office building in Chandler that is fully leased to Orbital Sciences has sold to Paramount International LLC for $19.5 million. The building is located at 3377 S. Price Road within the Price Corridor. Paramount was represented by Tivon Moffitt of Colliers International. The seller, Gilbane Development Company, was represented by Barry Gabel and Mindy Korth of CBRE’s Phoenix office.
DURHAM, N.C. — New York-based Clarion Partners, a real estate investment manager, has acquired Palladian I and Palladian II, a two-building suburban office park in Durham, for $36.2 million on behalf of Brown Brothers Harriman (BBH) Real Estate Income Fund II. Both four-story office buildings were built between 2005 and 2007, and each has more than 100,000 square feet of office space. The properties are located at the intersection of I-40 and Route 54 with access to the Raleigh-Durham International Airport and the Research Triangle Park.