LOS ANGELES — Jones Lang LaSalle has negotiated a lease renewal for 71,981 square feet of office space at Ernst & Young Plaza for Lockton Insurance Brokers, LLC. Ernst & Young Plaza is a 41-story, Class A office building in Downtown Los Angeles. Jones Lang LaSalle's managing director Tony Morales, senior vice president Christina Noonan and senior associate Maureen Hawley represented Lockton in the transaction. The landlord, EYP Realty, LLC, was represented in-house by John Barganski.
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COLORADO SPRINGS, COLO. — Unique Properties, LLC – TCN Worldwide has sold a 20,500-square-foot office/flex building in Colorado Springs for $1,585,000. Located at 680 Garden of the Gods, the bank-owned building was acquired by Appliance Factory Outlet. Unique's John Sheflin, Marc Lippitt and Scott Shwayder represented the seller, Wells Fargo Bank.
AVENTURA, FLA. — Miami-based Aztec Group has arranged $35 million in acquisition financing for the One Turnberry Place, a 136,400-square-foot, Class A office building located at 19495 Biscayne Blvd. in Aventura. Tenants include Morgan Stanley, Merrill Lynch, Bank Leumi USA, Chase Bank, Fidelity Investments, Brody & Associates and Ameriprise Holdings. The 10-year financing was provided by Credit Suisse/Column Financial for the buyer, OTP Capital, an affiliate of Aventura-based Triarch Investment Group.
AUSTIN — A 481,000-square-foot office and research-and-development building in Austin has entered the market listed at $49.9 million. The building, known as Domain 45, has been fully leased to IBM since 2000 and is located at 11400 Burnet Rd. in Austin. Grubb & Ellis is advising the seller, a partnership of wealthy individuals.
SPRINGFIELD, MO. — Gladstone Commercial Corp. has acquired a 78,421-square-foot office building located in Springfield for $15.9 million. The property was constructed as a build-to-suit for T-Mobile in 2006. The tenant currently has 10 years remaining on its lease with three 5-year renewal options. As part of the deal, Gladstone assumed the property's existing $11.6 million mortgage. The seller's name was not released.
OKLAHOMA CITY, OKLA., AND BIRMINGHAM, ALA. — On behalf of Stonegate Real Estate Investments, Jones Lang LaSalle (JLL) secured $70 million for the refinancing of two Class A office properties in Oklahoma City and Birmingham. The properties include the 298,510-square-foot Quail Springs Parkway Plaza in Oklahoma City and the four-building, 4,000-acre mixed-use Urban Center Office Portfolio in Birmingham. Wells Fargo provided the two 10-year, fixed-rate senior mortgage notes. Tom Melody of Jones Lang LaSalle’s Houston office led the Jones Lang LaSalle team.
SOUTHLAKE — An affiliate of Dallas-based Realty Capital Corp. has arranged the sale of a 3,200-square-foot building in its Miron Grove Office Park, located on Miron Drive in Southlake, to a medical imaging physician’s group. The seller, RCC Miron Office, was represented by Mark Boone with Realty Capital Corp.
HOUSTON — Six office leases for a total of 146,987 square feet have recently been completed at Sage Plaza, a 519,966-square-foot, Class A office development located at 5151 San Felipe St. in Houston's Galleria/Uptown area. Bonnie Kelley of CB Richard Ellis (CBRE) represented the landlord, a fund managed by BlackRock, in all six transactions. Meanwhile, Rich Pancioli of CBRE represented Columbia Gas Transmissions in its 55,500-square-foot lease; Dan Foster of Jones Lang LaSalle (JLL) represented Science Applications in its 41,132-square-foot lease; David Bale of JLL represented OTC Global in its 21,150-square-foot lease; Chris Lewis of Griffin Partners represented Higginbotham Insurance Agency in its 20,841-square-foot lease; Steve Beigel of Studley represented Black & Veatch Corp. in its 6,255-square-foot lease; and Justin Leighton of Studley represented Global Ground Transport in its 2,109-square-foot lease.
FRANKLIN, TENN. — Marcus & Millichap has arranged the $23 million sale of a two-building office building portfolio totaling 133,200 square feet, located at 1009 and 1021 Windcross Ct. in Franklin. Joseph Massa of the firm's Nashville, Tenn., office represented the seller, a local real estate partnership, and Drew Babcock and Scott Taylor of the firm's Columbia, S.C., office represented the buyer, Orlando, Fla.-based Windcross Realty.
PHOENIX — Cassidy Turley BRE Commercial has sold a 41,248-square-foot office building in Phoenix for $3.63 million. The buyer, Shea & Tatum LLC, is the parent company of Premier Hospice and Palliative Care. It plans to occupy about 5,000 square feet inside the building, bringing the property's total occupancy to 100 percent. The seller was JPMCC 2005-LDP2 Offices at 4530 LLC. This company was formed by US Bank as a trustee for the registered holders J.P. Morgan Chase Commercial Mortgage. JPMCC was represented by Cassidy Turley's Eric Wichterman, Mike Coover and Gordon Raguse. KW Commercial's Chad Dearmore represented Shea & Tatum.