FORT MYERS, FLA. — Two office buildings totaling 18,944 square feet, located at 9351 Corkscrew Rd. and 21105 Design Park Ln. in Fort Myers, have been sold for $1.42 million. Stan Stouder of CRE Consultant's Fort Myers office represented Bank of America, the seller, in the transaction. Stephanie Miller and Bob Muller of Estero, Fla.-based Select Real Estate represented the buyer, First CZ Real Estate.
PORT WASHINGTON, N.Y. — The Nassau Industrial Development Agency has approved an economic development compact that will allow The NPD Group to undertake an $8 million renovation of its Port Washington headquarters. The 117,000-square-foot headquarters is located at 900 W. Shore Rd. NPD plans to expand the company's information technology center and develop a new entrance. The project is expected to be complete by September 2013.
DALLAS — Dallas-based KDC and Orlando, Fla.-based Estein & Associates USA have plans to develop a 400,000-square-foot, Class A office tower, located at the 75-acre Victory Park, a mixed-use center, in downtown Dallas. The 23-story property will feature eight floors of office space, 15 stories of parking, an upscale restaurant, a delicatessen and a fitness center. BOKA Powell will provide architectural services and design the property to achieve LEED certification. The office tower is slated for a late 2014 completion.
HOUSTON — Houston-based Highland Resources, Inc., has purchased the 100,875-square-foot 510 Bering, a six-story office tower located in Houston's San Felipe/Voss submarket. Highland was self-represented by Welden Johnston in the off-market transaction. David Schwarz and Tip Strickland of Grandbridge Real Estate Capital's Houston office represented the seller.
FARMERS BRANCH — Copart has plans to move its corporate headquarters from California to 53,126 square feet of office space in Centura Tower One, an office building located on the corner of Spring Valley and Dallas North Tollway in Farmers Branch. Dallas-based Minerva Real Estate represented the tenant in the lease transaction.
TAMPA, FLA. — Girl Scouts of West Center Florida has purchased 24,000 square feet of office space, located at 4610 Eisenhower Blvd. in Tampa, from Spencer Farms Inc. for $2 million. Two floors were included in the transaction. A custom build-out will take place on the first floor for a resource center with volunteer materials and a retail store. Carol Warren and Jim Parker of Colliers International's Tampa Bay office represented the buyer in the transaction. Mercedes Angell of Cushman & Wakefield's Tampa office represented the seller.
MELVILLE, N.Y. — Lincoln National Life Insurance Co., a division of Fort Wayne, Ind.-based Lincoln Financial Group, has leased 11,000 square feet of office space at the Melville Corporate Center I in Melville. Neal Marchesano of Corporate National Realty represented Lincoln in the deal. The landlord, T. Weiss Realty, was represented in-house by Craig Weiss.
HOUSTON — HFF has brokered the sale of the 201,720-square-foot 2200 West Loop South, a Class A office building located in Houston. The property is 87 percent leased to tenants including Morgan Stanley and Tenaris. Dan Miller and Marty Hogan of HFF's Houston office represented the seller, KBS Real Estate Investment Trust, in the transaction. The buyer was Miami-based Parmenter Realty Partners.
WOODLAWN, ILL. — Grandbridge Real Estate Capital has arranged a $27 million first mortgage loan secured by Rutherford Business Park, a 359,937-square-foot office park in Woodlawn. The borrower is a partnership comprised of Chicago-based Blue Vista Capital Management and Baltimore-based CSG Partners. Jim Cope of Grandbridge's Milwaukee office arranged the financing through Kirk Booher of BB&T Real Estate Funding. The interest-only, floating rate loan is for a period of three years.
MISSION HILLS, CALIF. – The 34,310-square-foot Blackhawk building in Mission Hills has sold to Santa Monica West, LLC for $5.65 million. The three-story office building was 97 percent leased at the time of sale. The seller, Blackhawk Office Associates, LLC, was represented by Lynwood Fields and Bob Safai of Madison Partners.