CITY OF INDUSTRY, CALIF. – The Walnut Business Center has sold to Cook Walnut Property LLC for $6.6 million. The 57,412-square-foot center is located at 19555-19575 E. Walnut Drive South. Cook Walnut was represented by Jeff Bethel of Lee & Associates’ City of Industry office and Peter Bacci of the firm’s Los Angeles – Central office. Bethel also represented the seller, Catesgarb Holdings.
PHOENIX – The Consulate General of the United Mexican States has signed a five-year lease for 24,216 square feet of office space at McDowell Corporate Center in Phoenix. The Mexican Consulate is expanding and relocating from a building near 15th Avenue and West Camelback Road. It will occupy about 70 percent of McDowell Corporate Center. The Consulate was represented by Tivon Moffit of Colliers International in Phoenix. The landlord, Abart Properties 26 LLC, was represented by Luke Walker and David Carder of CBRE’s Phoenix office.
WESTMONT, ILL. — Midwestern Consulting has signed a lease for 10,343 square feet of office space at 500 Quail Ridge Dr. in Westmont. The building is centrally located in the Oakbrook area with easy access to O'Hare International Airport and Chicago. Amenities include restaurants, a hotel and day care. Adam Johnson of NAI Hiffman represented the tenant in the transaction. Jim Whiteside of Heartland Commercial represented the landlord, Quail Ridge Drive Investors LLC.
PHOENIX – The Consulate General of the United Mexican States has signed a five-year lease for 24,216 square feet of office space at McDowell Corporate Center in Phoenix. The Mexican Consulate is expanding and relocating from a building near 15th Avenue and West Camelback Road. It will occupy about 70 percent of McDowell Corporate Center. The Consulate was represented by Tivon Moffit of Colliers International in Phoenix. The landlord, Abart Properties 26 LLC, was represented by Luke Walker and David Carder of CBRE’s Phoenix office.
SAN FRANCISCO — Kilroy Realty Corporation (KRC)has announced its plan to build a $200-million, 400,000-square-foot office building in San Francisco’s South of Market (SOMA) district. The 0.43-acre development site, which is located at 350 Mission Street, was purchased by KRC for $52 million. The 27-story tower is being designed by Skidmore, Owings & Merrill LLP. It is targeting LEED-Platinum certification. If successful, it will be the first ground-up commercial development inSan Franciscoto achieve this feat. The building is slated for completion in early 2015. Christopher Roeder,David ChurtonandTed DaviesofJones Lang LaSallewill act as the project’s listing brokers.
WASHINGTON, D.C. — Greenebaum & Rose Associates has sold an 11-story, 298,533-square-foot building at 820 First St. in Washington, D.C., to an affiliate of Harbor Group International for $107 million. The Class A office property is 100 percent leased and is situated within Union Center Plaza adjacent to Union Station. It is leased to a variety of tenants, including CNN, Accenture and the U.S. General Services Administration (GSA). Bill Collins, Paul Collins, Drew Flood, Jud Ryan and James Cassidy of Cassidy Turley represented Greenebaum & Rose Associates in the transaction.
NEW YORK CITY — Medidata Solutions, a clinical development solutions company, has signed a 10-year lease for 98,585 square feet at 350 Hudson St. in New York City. The company will occupy the 7th, 8th and 9th floors. Additional tenants at the building include Viacom, Horizon Media and Omnicom. The landlord, Trinity Real Estate, was self-represented by Marc Packman and Charles Laginestra. Lisa Kiell of Jones Lang LaSalle represented the tenant.
NEW YORK CITY — American Realty Capital New York Recovery REIT has purchased a 19,960-square-foot office and retail building in Brooklyn's Homecrest neighborhood for $13.2 million. The four-story building was built in 2009 and is located at 1623 Kings Highway. The property is fully occupied by Verizon Wireless, a karate studio and Interborough Development and Consultation Center. Brian Hanson of Massey Knakal represented both parties in the transaction.
SHARON, MASS. — 1-800-PACK-RAT LLC has signed a lease for 40,000 square feet at 31 Commercial St., an office and warehouse facility in Sharon. The company is a portable storage container and moving company. Cathy Minnerly and Ovar Osvald of NAI Hunneman represented the landlord, Suffolk Advisors, in the transaction. Colliers International represented the tenant.
SAN FRANCISCO — Kilroy Realty Corporation (KRC) has announced its plan to build a $200-million, 400,000-square-foot office building in San Francisco’s South of Market (SOMA) district. The 0.43-acre development site, which is located at 350 Mission Street, was purchased by KRC for $52 million. The 27-story tower is being designed by Skidmore, Owings & Merrill LLP. It is targeting LEED-Platinum certification. If successful, it will be the first ground-up commercial development in San Francisco to achieve this feat. The building is slated for completion in early 2015. Christopher Roeder, David Churton and Ted Davies of Jones Lang LaSalle will act as the project’s listing brokers.