AUSTIN — MFPB Ed Bluestein LLC, comprised of several real estate investors, has sold a large portion of a 935,255-square-foot, nine-building campus, located at 3501 Ed Bluestein Blvd. in southeast Austin. The seller, Freescale Semiconductor, once housed the facility. Helen Jobes of Kennedy Wilson represented the buyer in the transaction. Royce Lacey and Alan Lacey of NAI REOC Austin represented the seller. The buyer plans to spend capital to upgrade the decades-old facility.
CORAL GABLES, FLA. — Rilea Group has completed the $18 million, 51,664-square-foot International Finance Bank Building, located at 777 SW 37th Avenue and SW 8th Street in Coral Gables. General Funding Corp. of the Bahamas owns the building, which Nichols Brosh Wurst Wolfe and Associates designed. Recently, the property received LEED Gold certification. International Finance Bank, the anchor tenant, occupies 25,000 square feet of the 48,000 square feet of office space. The remaining space is retail. Donna Abood and Matthew Anderson of Collers International are the property's leasing agents.
CHESTER, N.J. — American Realty Capital Properties has closed on its purchase of the French's Mustard headquarters building in Chester for $10 million. The 32,000-square-foot building is fully leased to Reckitt Benckiser Group, the parent company of French's Mustard. The company has 5.7 years remaining on its lease.
FORT LAUDERDALE, FLA. — OneBlood has purchased a 75,000-square-foot office building, located at 3000 W. Cypress Creek Road in Fort Lauderdale, from the Florida Department of Financial Services for $9.8 million. MIchael Fay and John Crotty of Colliers International represented the buyer in the transaction, and Robert Listokin and Sal Bonsignore, also of Colliers International, represented the seller. The buyer will fully occupy the building, creating the BloodBank of Florida.
DENVER – Physician Health Partners has leased 31,863 square feet in Denver. The building is located at 1125 17th Street. CBRE’s Brian Wells represented Physician Health, while Doug Wulf and Robert Knisely of Cassidy Turley Fuller Real Estate represented the seller, 1125 Transwestern Broadreach, in this transaction.
CORAL GABLES, FLA. — The 10,701-square-foot Minorca Executive Center, an office building located at 370 Minorca Ave. in Coral Gables, has sold for $2.2 million. Kirk Olson, Benjamin Silver and Drew Kristol of Marcus & Millichap's Miami office represented the seller, a Miami-based limited liability company, in the transaction.
NEW YORK CITY — NYC Department of Hospital Employees Local #420 has purchased a 7,766-square-foot office condominium at 70 West 36th St. in New York City for $4.1 million. The NYC Department of Hospital Employees is the largest public employee union in New York City, and the new office space will serve as the organization's headquarters. Brandon Medeiros of Time Equities represented the seller in the transaction. Jonathan Cohen of JTK Cohen and Co. represented the buyer.
FRISCO — Three firms have signed new leases at Hall Office Park, a 2 million-square-foot office development located in Frisco. Bolinger & Hogue has renewed its lease for 2,816 square feet at 2595 Dallas Parkway; Jordan, Houser & Flournoy has renewed its lease for 1,103 square feet at 2591 Dallas Parkway; and Maxim Management has signed a new lease at 2801 Network Blvd. Kim Butler, Tammy Nellis and Brad Gibson of Boyer Group represented the landlord, Hall Financial Group, in the lease transactions. Greg Whittington of Cresa Partners represented Bolinger & Hogue and Alexis Martinez of Stream Realty represented Maxim Management Group.
LOS ANGELES – USC has signed a 72-month lease for 19,115 square feet at the LA World Trade Center in Downtown Los Angeles. The building is located at 350 South Figueroa Street. USC plans to use the new space for Ednovate, a new charter high school that will open later this month. USC was represented by Howard Feuerstein, Dennis Smith and Cory Campbell of Travers Realty. The landlord, Jamison Services, was represented by Chris Runyen with Charles Dunn Company.
SAN RAMON, CALIF. – Bechtel Communications has leased 17,500 square feet of office space at Bishop Ranch in San Ramon. Its new space will be located at Bishop Ranch 6 at 2420 Camino Ramon. Bechtel was represented by CBRE’s Phil Damaschino.