CHICAGO — NorthMarq Capital has arranged $8.3 million in first mortgage financing for an eight-story office building, located at 626 W. Jackson in Chicago. Jeff Cherner and Rup Patel of NorthMarq's Chicago office arranged the financing with a 5-year term and a 25-year amortization schedule through First Merit Bank on behalf of the borrower, an affiliate of Chicago-based Sterling Bay Cos. The property is currently 100 percent leased.
EAST FISHKILL, N.Y. — China-based Linuo Power Group has acquired a former IBM facility, an approximately 1 million-square-foot office complex known as Hudson Technology Campus, located in East Fishkill, for $4.5 million. Gerard Hallock and Stephen Westerberg of Colliers International's Stamford, Conn., office and Prudential Serls Prime Properties Commercial represented the undisclosed seller.
LEWISVILLE — Caliber Collision Centers is slated to move its corporate headquarters from California to 401 E. Corporate Dr. in Lewisville in mid-November. The company leased 16,397 square feet of office space from the landlord, GL Corporate Pointe. Andrew Taguwa of Jones Lang LaSalle's Dallas office represented the tenant, and Buddy Tompkins of CASE Commercial Real Estate Partners' Dallas office represented the landlord.
BALTIMORE — Cassidy Turley has arranged $38.5 million in permanent financing for a 222,578-square-foot office building, located at 1001 Fleet St. in Baltimore. John Campanella of Cassidy Turley's Washington, D.C., office secured the financing on behalf of the owner, H&S Properties Development Corp.
PARSIPPANY, N.J. — CBRE arranged $10 million in financing for Jeffroad Green, a partnership between Prism Capital Partners and Greenfield Partners, for the acquisition and renovation of a 178,346-square-foot office building, located at 399 Jefferson Rd. in Parsippany. James Gunning and Donna Falzarano of CBRE's Saddle Brook, N.J., office arranged the financing with a 3-year term through a local commercial bank. The property is currently 46 percent leased to tenants such as Pinnacle Foods, which recently expanded its lease agreement by 11,000 square feet.
HOUSTON — CBRE has brokered three leases totaling 20,751 square feet at the 22-story Capital One Plaza, a Class A office tower located at 5718 Westheimer in Houston. Daw & Ray renewed a 11,617-square-foot lease; Mutual Money Investments leased 7,403 square feet; and Orr Financial Group leased 1,731 square feet. Dave Hanusa and Cody Armbrister of CBRE's Houston office represented the landlord, UBS Realty Investors, in all three transactions. Lispah Hogan of Newmark Knight Frank's Houston office represented Daw & Ray in its lease negotiations.
FRISCO — Six tenants have signed new leases totaling approximately 15,000 square feet at Hall Office Park, located at 6801 Gaylord Pkwy. in Frisco. National Envelope has expanded its lease by 3,573 square feet; Viamedia has expanded its lease to 3,935 square feet; Bismarck Real Estate Partners has renewed its 3,452-square-foot lease; Tensar International Corp. has leased 1,593 square feet; Norandex Building Materials Distribution has renewed its 1,326-square-foot lease; and Integrated Scientific Systems has renewed its 925-square-foot lease. Frisco-based Hall Financial Group owns the office park and was self-represented by Kim Butler, Tammy Lomonaco and Brad Gibson.
ALEXANDRIA, VA. — Cassidy Turley has brokered the $21 million sale of a 129,564-square-foot office building, located at 601 N. Fairfax St. in Alexandria. Jayne Shister of Cassidy Turley's Washington, D.C., office represented the undisclosed seller in the transaction. The buyer was 601 NF Associates, which plans to convert the building to residential use.
BOCA RATON, FLA. — Colliers International has arranged the sale of two office buildings in Boca Raton for a total of $6.7 million. Robert Listokin and Peyton Moore of Colliers International's Fort Lauderdale, Fla., office negotiated the sale of 10 separate office condominiums totaling 27,503 square feet, located at 4800 N. Federal Highway at Sanctuary Centre in Boca Raton. Listokin and Moore represented the seller in the transaction, First Southern Bank, and procured the buyer, Sanctuary Centre Partners. In a separate transaction, Los Angeles-based Aptium Oncology sold the 31,632-square-foot Boca Raton Comprehensive Cancer Center, located at 21020 N. State Road 7 in Boca Raton. Listokin and Moore represented the seller in the transaction.
NEW YORK CITY — A joint venture between Savanna and the Feil Organization, both based in New York City, has acquired the 375,000-square-foot 21 Penn Plaza, a 17-story office building located at the southeast corner of West 31st Street and Ninth Avenue in New York City. The joint venture has retained Brian Feil and David Turino of Jeffrey Management Corp., an affiliate of the Feil Organization, as the property manager and leasing agent. The property is currently 95 percent leased to tenants such as Saks & Co., Central Parking, Langan Engineering and Joseph Loring & Associates. The seller was a joint venture led by GHG Realty.