RICHARDSON — Colliers International in Dallas has added approximately 150,000 square feet of office space to its leasing and management portfolio. The properties now under their operation include Campbell Square II, a four-building complex totaling 82,745 square feet of office space, and Spring Creek Business Center, a three-building complex totaling 64,534 square feet of office space. There is currently 26,311 square feet of office space available at Campbell Square and 16,230 square feet at Spring Creek. Colliers’ Scott McGarity and Kevin Brookmole will handle the properties’ leasing and management.
JERSEY CITY, N.J. — Gaia Real Estate Investments, in partnership with Israel-based Phoenix Insurance and Menora Mivtachim Insurance, has purchased 2 Journal Square Plaza, a nine-story, 325,000-square-foot Class A office building in Jersey City for $78 million. Hartz Mountain Industries, represented by Cushman & Wakefield’s David Bernhaut, Andrew Merin, Gary Gabriel and Jared Zimmel, sold the property, which features a four-level parking deck with 715 spaces. The building had been fully leased to Broadridge Financial Solutions since 1987, and Broadridge’s lease doesn’t expire until 2018. Gaia’s subsidiary, Vision Property Management, will assume management of 2 Journal Square Plaza.
LUBBOCK — HDA Architects has designed a 112,000-square-foot corporate headquarters in Lubbock for Standard Sales Co. The building cost $10.8 million to construct. General contractor SM Wilson completed construction on the project. The building features a clay tile mansard roof, slate floors and brick and stone veneers. Standard Sales Co. is the wholesale distributor for Anheuser-Busch, which produces Budweiser and Michelob beverages. The new facility marks HDA’s 90th facility it has designed for the beverage industry.
COPPELL — An 8,006-square-foot office building in the Gateway Plaza Development at 783 Denton Tap Rd. in Coppell was sold by an affiliate of Dallas-based Realty Capital. The building is 83 percent leased to a law firm and ENT For Children, a medical practice. Realty Capital’s Chad O’Neal represented the buyer in the transaction. Gateway Plaza is approximately 50 percent built out.
TYSON'S CORNER, VA. — The AFL-CIO Building Investment Trust (BIT) has purchased the Tyson's East Office Portfolio from an undisclosed seller for $138.5 million in an off-market transaction. The portfolio contains five adjacent buildings on 16.8 acres, including two office buildings and three data centers. The site also offers future development rights for approximately 1.8 million square feet of residential or mixed-use space.
FARMINGTON, CONN. — CSM North has purchased the 21,000-square-foot office complex at 1577 New Britain Ave. in Farmington for $1.5 million. The three-building complex sits on 4.49 acres and will become the new headquarters for Acsys Interactive, Inc. upon completion of renovations. David Richard of Colliers International represented the seller, 1577 New Britain Avenue LLC, and Colliers’ Ray Thomas represented CSM North in the transaction.
HOUSTON — ABC Restaurant Equipment has purchased 24,900 square feet of office/warehouse space at 1505 Hill Rd. in Houston. ICO Commercial’s Payton Indermuehle represented the seller, a private party. Ed Ayres of Houston Realty Advisors represented ABC, which plans to use the new facility for their warehousing operations.
GLEN ALLEN, VA. — Cushman & Wakefield — Thalhimer has negotiated the $1.67 million sale of a 13,387-square-foot office condominium in Dominion Place, located at 4300 Dominion Blvd. in Glen Allen. Austin Newman of Cushman & Wakefield Thalhimer's Richmond, Va., office represented Highwoods Services. Southern Baptist Conservatives of Virginia purchased the property, which will serve as the company's headquarters location.
NAPERVILLE, ILL. — A joint venture between Bixby Bridge Capital and Franklin Partners has purchased the MetroWest, a 205,000-square-foot office building located at 55 Shuman Blvd. in Naperville. The 10-story building was acquired in an all-cash transaction. Tenants include Dun & Bradstreet and Wells Fargo. J.F. McKinney & Associates will be the leasing agent for the property and Franklin Partners will be the property manager.
SOMERSET, N.J. — SHI International has converted a former AT&T facility into a 420,000-square-foot, cloud-computing center that will serve as SHI’s world headquarters. The new facility is expected to house nearly 1,000 employees. The main building of SHI’s new campus is centered around two five-story towers as well as a third ancillary building. Turner Construction and Unity Construction led the project efforts, and Cornerstone Architectural Group designed the project. The roof is equipped with solar panels that can generate 500 kilowatts of electricity annually. The facility is three times larger than SHI’s current headquarters and occupancy begins this month.