DALLAS — The Trammell Crow Center in the Arts District of Dallas has received LEED Silver in the Existing Building (EB) category by the U.S. Green Building Council. The 50-story, 1.2 million-square-foot office property is one of only eight properties in Dallas and 44 in Texas to receive LEED EB certification. Crescent Real Estate Holdings owns the property and made several changes to achieve LEED certification including replacing its water closets with efficient water-conserving, low-flow models. CB Richard Ellis manages the property and led the LEED initiative.
Office
ARLINGTON, VA. — Skanska USA Commercial Development is developing and constructing its second commercial office project in Washington, D.C. Located at 1176 Wilson Blvd., the $63.5 million project in Arlington. The project will offer approximately 161,458 square feet of leasable space and 230 underground parking spaces. Construction is slated to begin in the fourth quarter of this year, with completion scheduled for second quarter of 2012. Additionally, the project is being designed to achieve a minimum of LEED Gold certification.
NAPERVILLE, ILL. — Farbman Acquisitions LLC has purchased The Atrium, an office building located at 280 Sherman Blvd. in Naperville. The two-story building offers 69,077 square feet of office space. A subsidiary of Prime Group Realty Trust sold the property for $3.6 million. Jaime Fink, Jeffrey Bramson and Kenneth Glomb of Holliday Fenoglio Fowler represented the seller in the transaction.
WALTHAM, MASS. — Dassault Systèmes has signed a lease for 320,000 square feet of office space in Waltham for its new American corporate headquarters. The company will initially move into the 211,741-square-foot building at 175 Wyman St. and will later expand into its remaining leased space at 185 Wyman St. The move-in will occur in mid-2011. The company currently leases facilities in Concord and Lowell, Mass., which will be consolidated. Brendan Callahan and Alex Dauria of Jones Lang LaSalle represented Dassault in lease negotiations. The firm will also serve as project manager for the tenant build-out. Charles Batchelder of Wyman Street Advisors represented the landlord, Hobbs Brook Management.
AGOURA HILLS, CALIF. — Colliers International has presided over the sale of two office buildings totaling 24,838 square feet in Agoura Hills for a combined $4.1 million. Represented by Collier’s Jeff Albee and Jeff Gould, Aspen Environmental Group purchased a 14,000-square-foot facility located at 5020 Chesebro Rd. Grubb & Ellis’ Andrew Harper and Michael Ross represented the seller, WA Real Estate LLC, in the $2.3 million transaction. Also, Robert Meyerson Co. Trust, represented by Colliers’Albee and Gould along with the brokerage firm’s Chris Itule, sold a 10,838-square-foot office property, located at 28038 Dorothy Dr., to Woodlands Hills, Calif.-based Global Marketing Partners. Cresa Partners’ Rick Dearson represented the buyer in the $1.8 million deal.
NEW YORK CITY — Marvel Entertainment has signed a 9-year sublease for 60,000 square feet at 135 W. 50th St. in Manhattan. The company plans to relocate its headquarters to the space from 417 Fifth Ave., where its lease was soon to expire. The new space will also allow the company to house its offices on a single floor. Marvel will take occupancy on October 1. Robert Silver of Newmark Knight Frank represented Marvel in lease negotiations. Robert Alexander and Christopher Mansfield of CB Richard Ellis represented the sublessor, Alliance Bernstein. The building's owner is UBS.
CARROLLTON — Dallas-based Brierley & Partners, a direct marketing agency, has renewed a 43,586-square-foot lease at 2029 McKenzie Drive in Carrollton. Conrad Madsen and Greg Nelson of Lee & Associates represented Brierley, while First Industrial Realty Trust, the landlord, was represented by Robert Allen internally.
LOS ANGELES — KBS Real Estate Investment Trust II has acquired the 627,334-square-foot Union Bank Plaza, a 40-story office tower and retail complex located at 445 South Figueroa Street in downtown Los Angeles, from Hines for $208 million. Designed by A.C. Martin and 96 percent occupied at the time of sale, Union Bank Plaza consists of a 607,517-square-foot office tower; a two-level, 19,817-square-foot retail plaza; and a 914-space, four-level parking structure. The property occupies an entire city block between the 110 Freeway and Figueroa. KBS Capital Advisors represented KBS REIT II in the transaction, and Jones Lang LaSalle’s Michael Zietsman and David Doupé represented the seller.
SAN JOSE, SUNNYVALE AND SANTA CLARA, CALIF. — NorthMarq Capital has arranged $40 million of first-mortgage financing for a 496,000-square-foot portfolio of five office/R&D properties located in San José, Sunnyvale and Santa Clara. NorthMarq’s Dennis Sidbury arranged the 20-year term and 20-year amortization schedule for the borrower, Mission West Properties, through a correspondent relationship with Hartford Life Insurance Co. Ninety percent leased to tenants such as Orbotech, Equinix and NDS Surgical Imaging, the portfolio includes a state-of-the-art data center.
DULLES, VA. — Calkain Cos. has brokered the $13.37 million office sale of Orbital Building 7 in Dulles. The two-story, NNN-leased property is located on 4.52 acres of land off Route 28. Jerry Burg, Rick Fernandez and Andrew Fallon of Calkain represented the seller in the transaction.