BUFFALO GROVE, ILL. — NorthMarq Capital has secured $15 million in first-mortgage financing for a five-story, 132,581-square-foot office building located at 485 Half Day Road in Buffalo Grove. Constructed in 2001 by the borrower, Millbrook IV LLC, the Class A property is occupied by Walgreens, Production Services and Ambius. The loan carries a 10-year term and a 25-year amortization schedule. Jeff Cherner of NorthMarq's Chicago office arranged the loan between Millbrook and the lender, Advantus Capital Management.
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GRAND PRAIRIE — Westmount Realty Capital recently completed negotiations with WGI Innovations, Ltd. to extend the tenant's 231,034-square-foot office lease term at 602 Fountain Pkwy. in Grand Prairie. David Dunn of Dunn Commercial, LP represented the tenant in the transaction. 602 Fountain Pkwy. is a 300,000-square-foot office and warehouse facility located near State Highway 360 and Interstate 30.
HAMPTON AND NORFOLK, VA. — CB Richard Ellis' Norfolk office has completed three leases totaling 562,072 square feet. Lumber Liquidators has signed two leases totaling 515,486 square feet at the 695,000-square-foot West Park, located in Hampton. Additionally, The Pasha Group has leased 35,949 square feet at West Park. For both transactions, Ashton Williamson, Worth Remick and Blake Dozier of CBRE represented the landlord. The Planning Council has leased 10,637 square feet at Norfolk Commerce Center IV, located near the intersection of Military Highway and Interstate 64 in Norfolk. Perry Frazer, Matt Wilbricht and Pat Mugler of CBRE represented the landlord and Deborah Sterns and Mike McCabe, Jr., of Norfolk-based Harvey Lindsay represented the tenant.
SILVER SPRING, MD. — Whitehall Business Archives has selected McShea & Co. to lease and manage more than 143,000 square feet of office space at TecHill One and TecHill Two, located at 12211 and 12215 Plum Orchard Dr. in Silver Spring. Tenants of TecHill One include Childrens Hospital and Mind Software. The 3M Corp. occupies TecHill Two.
TAMPA, FLA. — Robert Hernandez of NorthMarq Capital's Tampa office arranged $3.75 million in first-mortgage financing through its relationship with Thrivent Financial for Lutherans for the 90,214-square-foot Kennedy Square, located at 4950 W. Kennedy Blvd. in Tampa, on behalf of Kennedy Square Investors. Tenants include GSA, Wachovia, Barbizon Modeling and National Louis University. Financing was based on a 10-year term with a 10-year amortization schedule.
QUINCY, MASS. — Cushman & Wakefield's Sonnenblick Goldman (CWSG) has arranged a 5-year, fixed-rate, $13 million mortgage in support of Synergy Investment & Development's $25 million acquisition of 200 Newport Ave. in Quincy from ING Clarion Partners. The loan was provided by Principal Global Investors through its subsidiary Principal Life Insurance Co.
SALT LAKE CITY — CB Richard Ellis’ Salt Lake City office has sold two office buildings in Utah County. The 60,000-square-foot Thai Properties was sold to Reynolds Construction for $9.2 million. CBRE’sKreg Peterson, Eli Mills and Tucker White represented the seller, Thai Properties, LLC. James Mecham, an office specialist with CBRE, represented Reynolds Construction. The 81,000-square-foot Canyon River Center was sold to Ace Real Estate Ventures for an undisclosed amount. Mills and White represented the seller, Florida-based LNR Property. Laurie Adair, an office specialist with CBRE, represented Ace Real Estate Ventures. Both office buildings were paid for in cash. Thai Properties is located in Lehi, while Canyon River Center is in Provo.
FRANKLIN, TENN. — Marcus & Millichap has brokered the $23 million sale of a two-buildling office portfolio totaling 133,200 square feet, located at 1009 and 1021 Windcross Ct. in Franklin. Both buildings are currently 100 percent leased to United Healthcare. Joseph Massa of Marcus & Millichap's Nashville, Tenn., office represented the seller, a local real estate partnership managed by Preston Ingram. Drew Babcock and Scott Taylor of Marcus & Millichap's Columbia, S.C., office represented the buyer, Orlando-based Windcross Realty.
SALEM, N.H. — Needham, Mass.-based Equity Industrial Partners has selected Integrated Builders for a fit-out contract totaling 100,000 square feet of commercial space, located at 9 Northeastern Blvd. in Salem, a 660,000-square-foot warehouse/light manufacturing facility. Integrated Builders will provide fit-outs for 74,000 square feet of warehouse and 26,000 square feet of office space for nora systems. The McKenna Group Ltd. is the project architect.
QUINCY, MASS. — Clarion Partners recently sold the 145,752-square-foot, Class A office building Josiah Quincy Building, located at 200 Newport Ave. in Quincy, for $25 million. The eight-story building features a two-story atrium lobby and flexible 22,000-square-foot floor plates. Robert Griffin, Jr., Edward Maher, Jr., David Pergola and Brian Doherty of Cushman & Wakefield's Boston office represented the seller and procured the buyer, an affiliate of Boston-based Synergy.