DALLAS — Grubb & Ellis has brokered the following office leases in Dallas: The MGHerring Group Inc. has leased 7,752 square feet in Tristone at 5710 LBJ Freeway. Grubb & Ellis' Noreen Mehdi and Chris Wright represented the landlord, Investors Warranty of America Inc., while John Shaunfield and Kyle Jett of Newmark Knight Frank represented The MGHerring Group. Elite Construction and Fabrication LLC has leased 5,452 square feet in Valliance Plaza at 5900 S. Lake Forest Dr. Grubb & Ellis' Heather Densmore Shover, Sean Dalton and Wright represented the landlord, Lake Forest-McKinney Investors Ltd., while Kent Smith of NAI Robert Lynn represented Elite. Barrett Bright Lassiter Linder LLP has leased 4,841 square feet at 3500 Maple Ave. Grubb & Ellis' Sean Dalton, Russ Johnson and Chris Wright represented the landlord, TIC Properties Management LLC, while Matt Craft and Stephen Holly of Jones Lang LaSalle represented Barrett Bright Lassiter Linder.
Office
DRAPER, UTAH — Technology company EMC Corp. has leased 35,000 square feet of office space at the Lone Peak Center in Draper. The Massachusetts-based company has already announced plans to hire several hundred new employees for its Draper office. EMC was represented by CBRE’s first vice president Eric Smith. Lone Peak’s landlord, Maier Siebel Baber, was represented by CBRE’s first vice president Wesley “Tab” Cornelison. The 10-year lease’s financial terms were not disclosed.
BETHESDA, MD. — Brookfield Office Properties has purchased the 368,400-square-foot Three Bethesda Metro Center, located at the intersection of Wisconsin Avenue and Old Georgetown Road in Bethesda, from The Meridian Group for $150.1 million. The 17-story building is currently 93 percent leased. The buyer was self-represented in the transaction.
HIGH POINT, N.C. — Showplace Acquisition Co., a subsidiary of International Market Centers, has purchased The Showplace Portfolio, an approximately 700,000-square-foot, five-building asset in High Point, for $46 million. Mark Gilbert, Samir Idris, David Meline, Carl Muhlstein and Stewart Calhoun of Cushman & Wakefield's Southeast Markets Group, along with Sean Dowell of Commercial Carolina Corp.'s Greensboro, N.C., office, represented the seller, Torchlight Investors, in the transaction. The portfolio consists of a four-building, 584,000-square-foot portfolio and the adjacent 115,600-square-foot Showplace West office building.
LORAIN, OHIO — Luttner Real Estate Investment Services has brokered the $3.12 million sale of a 11,606-square-foot freestanding building, located at 221 W. 5th St., in Lorain. The U.S. Social Security Administration has a 13-year lease on the building, which commenced in April. Dan Lariccia of Luttner's Cleveland office represented the seller, a private developer, and procured the buyer, a private investment group.
SUGAR LAND — Planned Community Developers, Ltd. has developed and opened Town Square Office Suites, an approximately 15,000-square-foot Class A office space development in Sugar Land Town Square, a mixed-use development at the U.S. Highway 59 and State Highway 6 intersection in Sugar Land. The full-service office space features temporary offices, 24/7 virtual support, furnished meeting space, a business lounge, concierge services, reception services and a sky bridge. Lee Mitchell with Ambrose, McEnany and House Architects designed the property, while Trademark Construction was the general contractor.
SANTA CLARA, CALIF. — Accounting firm KPMG LLC has signed a long-term lease at Equity Office’s Mission Towers I in Santa Clara. KMPG is currently a tenant at Equity Office’s Mountain View Gateway property. It will make a move during the fourth quarter of 2011 into its new 78,000-square-foot space at the 12-story, Class A office building. KPMG LLC was represented by CBRE’s Ken Gilbert. The landlord was represented by Todd Hedrick of Equity Office.
WHITE PLAINS, N.Y. — GHP Office Realty, the office building division of Houlihan-Parnes Realtors, has sold a 45,000-square-foot office property at 12 Water St. in downtown White Plains for $3.9 million. Jamie Schwartz of GHP procured the buyers, local investors who plan to renovate the property.
NAPLES, FLA. — C-B Associates has sold a 44,248-square-foot medical office park, located at 6400 Davis Blvd. in Naples, to an undisclosed buyer for $6.5 million. Current tenants include Naples Community Hospital, Naples Diagnostic and Imaging Center, Collier Healthcare Service and LabCorp. Doug Olson of Fort Myers, Fla.-based Commercial Property Southwest Florida, a Cushman & Wakefield alliance member, represented the seller in the transaction.
GREENWICH, CONN. — A 15,000-square-foot office property at 95 E. Putnam Ave. in Greenwich has been sold for $4.6 million. The building is fully occupied by tenants like Chatsworth Securities, The Federalist, Gabriel Shimon Hair Sallon and Sanguine, Inc. Jamie Schwartz of GHP Office Realty, the office building division of Houliahn-Parnes Realtors, procured the buyers, Greenwich-based investors, and Elizabeth Smith of Goldberg Weprin Goldstein represented the sellers.