NEW ALBANY, OHIO —Construction is under way on a new $31 million headquarters for Bob Evans Farms in New Albany. Bob Evans Farms owns and operates 569 full-service restaurants in 18 states with a heavy concentration in the Midwest. The company plans to move its corporate headquarters from Columbus to New Albany. The Corna Kokosing Construction Co. is building the project, which it describes as a mix of traditional and futuristic design. The campus will be situated on 40 acres of farmland. The project is expected to be complete in the fall of 2013.
IRVING — Houston-based Boxer Property has acquired the 208,450-square-foot One Panorama, an eight-story office property located at 7701 Las Colinas Ridge in Irving. The property is currently 91 percent leased. Mike Hardage and Steve Simon of Transwestern represented the seller, Prudential Real Estate Investors, in the transaction. Boxer Property was self-represented.
DULUTH, GA. — Crossley, Jernigan & Ellison Inc. has acquired two office/flex buildings located at 2425 and 2450 Commerce Ave. in Duluth for $4.05 million. The buildings are part of the Satellite Place office complex and include the 1000 and 2100 buildings, which total 113,035 square feet. Watson Bryant and Gary Lee of Cassidy Turley represented the seller, an entity controlled by special servicer CWCapital Asset Management, in the transaction. The buyer was self-represented.
SAN DIEGO — A 26,676-square-foot, single-tenant office buildingin San Diego has sold to NBTK Holdings LP for $6,012,325. It is located at 1843 Hotel Circle South. The building is fully leased by TASC, a defense contractor. Chuck Wasker and Mark McEwen of Colliers International represented both the buyer and the seller, Marcopoulos Venture Fund III. Mike Paeske of CFI and Jeff Ryan of Ryan Real Estate Advisory assisted in this transaction.
WILMINGTON, N.C. — Grandbridge Real Estate Capital has secured $6.5 million in first mortgage financing for two office buildings located on the Miller-Motte College campus in Wilmington. The buildings total 80,595 square feet, and include classrooms, laboratories, a library, student lounge and offices. Robert Hukill of Grandbridge arranged the 12-year, fully amortized loan through Coastal Federal Credit Union.
CHICAGO — Wells Core Office Income REIT has purchased Four Parkway North, a five-story office property in Chicago, for a reported $40.9 million. John Buck Co.'s JBC Fund III was the seller. Built in 1999, the 172,000-square-foot building is located just off of Interstate 94 and the Tri-State Tollway. The property is fully leased to four tenants: CF Industries Holdings, Lundbeck, Randstad Pharma and Amgen USA. Wells Core was self-represented by Peter Mitchell in the transaction.
ANTHEM, ARIZ. — Anthem Community Council has purchased a 36,499-square-foot, Class A office building in Anthem for $2.3 million. The building is located at 3701 W. Anthem Way. Anthem was represented by Eric Wichterman, Blake Hastings, Mike Coover, Jeff Wentworth and Sean Spellman with Cassidy Turley BRE Commercial. The seller, GE Commercial Finance Business Property, was represented by Scott Nelson and Troy Nelson of Voit Real Estate Services.
CHICAGO — Summit Design + Build has completed construction of Emmi Solution's new corporate headquarters in the historic 300 W. Adams building in Chicago. Emmi Solutions, a healthcare communications consultant, was previously located in the same building but required additional space. The company signed a lease for 20,455 square feet on the top floor of the 12-story building. The office features a loft-style space with two large rooftop skylights and private offices with glass partition walls. Eastlake Studios served as the project architect.
EULESS — Messenger College has acquired 25,000 square feet of office space in the Signet Hill office building, located at 400 S. Industrial Blvd. in Euless. Messenger College, an accredited college affiliate with the Pentecostal Church of God, will occupy the third floor and part of the second floor. Darrel Higginbotham of SCM Real Estate Services represented the landlord in the transaction. Dean Lemons of Dean Lemons & Associates represented the buyer.
HOUSTON — Jones Lang LaSalle has arranged a lease of 173,000 square feet of office space in an office building being developed in Houston's Energy Corridor. The tenant, Murphy Exploration & Production Co., will occupy seven-and-a-half floors of the 14-story property that will be located at 9805 Katy Freeway in Houston. Construction is slated for an October 2013 completion and is designed to achieve LEED Silver certification. Dan Bellow and John Burke of Jones Lang LaSalle represented the tenant in the lease transaction. MetroNational, the owner/developer of the property was self-represented by Randy Nerrin.