FRANKLIN, TENN. — MedSolutions has renewed and expanded its lease for 96,000 square feet of office space at Cool Springs II in Franklin. Owned by Highwoods Properties, the property is located at 730 Cool Springs Blvd. Whit McCrary and Rob Lowe of Cassidy Turley represented MedSolutions; Jimmy Miller represented Highwoods Properties in the transaction. Terms of the lease were not disclosed.
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SCHAUMBURG, ILL. — Crescend Technologies, a communication equipment designer and manufacturer, has purchased a 25,500-square-foot property in Schaumburg. Located at 140 E. State Parkway, the state-of-the-art facility features an air-conditioned production area, office space, engineering space and heavy power. The buyer plans to use the facility as its corporate headquarters and manufacturing center. Dan Smolensky of The Modal Group represented the buyer. The seller was not disclosed.
IRVING — Wells Core Office Income REIT has acquired Royal Ridge, a 119,000-square-foot Class A office building in suburban Dallas that is fully leased to JPMorganChase through 2020. The three-story building was built in 2005 and is located at 3929 John W. Carpenter Freeway in Irving. Brookfield Real Estate Opportunity Fund II sold the office property.
CALABASAS, CALIF. — PCCP LLC and Dallas-based Lincoln Property Co. have acquired a two-story, 51,654-square-foot suburban office building located within Calabasas Corporate Center in Calabasas. Built in 2008 and only about a 20-minute drive from Malibu, the vacant, newly constructed Class A building includes two levels of parking. The joint venture purchased the property in an off-market, short-sale transaction involving the existing construction lender.
DOWNERS GROVE, ILL. — CompTIA has selected Woodbridge, Ill.-based Morgan/Harbour Construction Co. to complete a build-out at the company's new office at 3500 Lacey Road in Downers Grove. The 32,289-square-foot build-out includes the construction of private offices, conference rooms, open work space areas and a break room. Perkins & Will is providing architectural services for the project, which is slated for completion in November.
SAN FRANCISCO — Hudson Pacific Properties has acquired a 144,440-square-foot office property, located at 222 Kearny Street in San Francisco’s North Financial District, from an affiliate of Canyon Capital Realty Advisors for $34.9 million. The two-building property consists of a 10-story office tower built in 1986 and a five-story structure built in 1915.
LAS VEGAS — Stoneridge Capital Partners has acquired the approximately 100,000-square-foot Sunset Pilot Plaza, a Class A office property located at 280 Pilot Road in Las Vegas. Developed in 2008, the three-story office building is situated within the 3.3 million-square-foot Hughes Airport Center business park. CB Richard Ellis' Charles Moore, Michael Newman and Marlene Fujita-Winkel represented the undisclosed seller in the transaction; Newport Beach, Calif.-based Stoneridge did not have broker representation.
CHICAGO — Meridian Capital Group has negotiated a $58 million loan for Burnham Center, a 22-story office building located at 111 W. Washington St. in Chicago. The 579,800-square-foot building is owned by the Harbor Group. Meridian arranged a $46 million first mortgage loan and a $12 million mezzanine loan to recapitalize the property's outstanding first mortgage note and preferred equity investment. Wells Fargo provided the senior loan, while Redwood Trust provided the mezzanine loan. Meridian's Ronnie Levine and Tal Savariego negotiated the transaction.
DALLAS — Holly Corp., an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and specialty lubricant products, has relocated its headquarters in Dallas' Harwood district at 2828 N. Harwood. The company has taken 36,000 square feet of space on two floors of the Class A office building. Jihane Boury and David Roehm represented Harwood International, the landlord, while Bill McClung and Mike Wyatt of Cushman & Wakefield of Texas represented Holly Corp.
DALLAS-FORT WORTH —Scott Head and Mike Friedman of CB Richard Ellis (CBRE) represented Winghouse of Addison LLC in the sale of 7,423 square feet of retail space at 4080 Beltline Rd. in Addison to 4080 BLR Ltd, which was represented by Ty Underwood of SLJ Co. In addition, CBRE completed multiple office leases in the DFW area including: Denbury Resources leased an additional 49,804 square feet at 5230 Legacy Dr. in Plano from Legacy Campus LP. Jeff Ellerman of CBRE represented the tenant, while John Brownlee of Koll Development Co. represented the landlord. STA Travel renewed its 16,208-square-foot lease at 750 State Hwy. 121 in Lewisville from TIC Properties Management. Robert Blount and Jeff Ellerman of CBRE represented the tenant, while John Hoctor of Altschuler Hoctor Co. represented the landlord. Regus Group-North Dallas leased 14,802 square feet at 2435 Central Expressway in Richardson from Equastone Palisades II. Steve Rigby, Baron Aldrine, Peter Danna, Mike Kay and Mike Cleary of CBRE represented the tenant. Finally, Green Bank leased 6,303 square feet at 5950 Sherry Ln. in Dallas from RREEF Sherry Lane LP. Dennis Barnes and Michael Dudley of CBRE represented the landlord, while Craig Wilson, Randy Cooper and Greg Biggs of …