SUNNYVALE, CALIF. – A 107,000-square-foot, Class A office building has broken ground at the Sunnyvale Business Park. This will be the 10th building at the park, which is located at Mathilda and Evelyn avenues in Sunnyvale. The spec building is striving for LEED-Gold certification. It is being developed by Principal Real Estate Investors. Legacy Partners, the park’s property manager, is also providing development services. Dave Sandlin, Susan Gregory, and Kevin Moul with Colliers serve as the listing agents. The building is being designed by Ware Malcomb and built by Lusardi Construction.
ABERDEEN, MD. — St. John Properties Inc. has completed construction on 6190 Guardian Gateway, a new 75,000-square-foot office building within The Government and Technology Enterprise (GATE) project in Aberdeen. The GATE is a 416-acre business community, and the new building represents the 10th office building completed by St. John Properties in the past three years at the park. The building, currently 35 percent leased, was designed and constructed to achieve LEED Silver certification.
ATLANTA — Indigo Payments Inc., a payment processing solutions company, has renewed and expanded its office lease at 2000 Riveredge Parkway, a 229,948-square-foot property in Atlanta. The tenant expanded from 3,100 square feet on the seventh floor to 8,072 square feet on the sixth floor. Steve Massell of Lee & Associates represented the tenant in the transaction. Cindy Coombs of Newmark Knight Grubb Frank represented the landlord, Rfp Mainstreet 2000 Riveredge.
BURR RIDGE, ILL. — Mars Equities Inc. has signed two new tenants to 150 Harvester Drive, a 107,714-square-foot office building in Burr Ridge. Brookfield Global Relocation will occupy 29,861 square feet of office space within the multi-story Class A building that is part of Estancia Corporate Centre. Additionally, law firm Codilis & Associates signed a sublease from Insure One for 38,341 square feet within the same building. Jim Adler and Dan O’Neill of NAI Hiffman represented Mars Equities in the new lease. Kevin Rogers and Peter Quinn of CBRE represented Brookfield Global Relocation.
NEW YORK CITY — Massey Knakal Realty Services has arranged the sale of an office building portfolio for Yeshiva University for $87.5 million. The buildings are located in New York City and include: 920 Broadway, a 16-story office building located on the southeast corner of Broadway; and 9 East 38th Street, a 12-story office building located on the north side of East 38th Street, between Fifth Avenue and Madison Avenue. Bob Knakal and John Ciraulo of Massey Knakal handled the transaction.
NEW YORK CITY — Macy’s has renewed its 646,000-square-foot lease at Eleven Penn Plaza in Manhattan until 2035. Eleven Penn Plaza is a 1.1 million-square-foot office building in the Penn Plaza district where Vornado Realty Trust owns approximately 9 million square feet of office, retail and hotel space. The building was built in 1923 and has 23 floors. Macy’s, with corporate offices in Cincinnati and New York, is a national retailer with fiscal 2011 sales of $26.4 billion.
PLANO, TEXAS — Jones Lang LaSalle has brokered the sale of a 32,262-square-foot office building, located at 6101 W. Plano Parkway in Plano. The buyer, Starkey Mortgage, will use the office building as its new corporate headquarters. Steve Thelen and Stephen Holley represented the buyer in the transaction. Michael Bowles of John Bowles Co. represented the seller.
PHOENIX — Mosaica Office Building, a 65,900-square-foot office building in the Phoenix submarket of Ahwatukee, has sold to BASIS Schools, Inc for $2 million. The Class C building is located at 10210 South 50th Place. The building was vacant at the time of the sale. College preparatory schoolBASIS Ahwatukee is scheduled to occupy the space in August 2013. The seller was Educational Facilities Acquisitions LLC. The transaction was executed by Eric Wichterman and Mike Coover of Cassidy Turley and Terry Warren of Arizona Charter Commercial Realty.
TYSONS CORNER, VA. — HFF has arranged a $65 million construction loan for 7940 Jones Branch Drive, a 307,000-square-foot office development in Tysons Corner. The borrower was a joint venture between MRP Realty and Rockpoint Group. Scheduled for completion in 2014, the development is approximately 50 percent pre-sold to Logistics Management Institute, a non-profit consultancy organization. The 11-story building will be adjacent to the newly completed Jones Branch connector road. Dan McIntyre led the HFF team that arranged the loan through EagleBank.
TAMPA, FLA. — Urdang, the real estate manager for BNY Mellon, and its joint venture partner Crocker Partners have acquired the Two Harbour Place office building and an adjacent 1.2-acre site in Tampa. Amstar/CNL Two Harbour LLC sold the office property and Lindell-Harbour LLC sold the adjacent site, which is zoned for multifamily development. Two Harbour Place is a Class A, 180,000-square-foot building constructed in 1998 and renovated in 2006. The property is 90 percent leased and located on Tampa's Harbour Island, an upscaled planned development that includes commercial, lodging and residential uses.