ALAMEDA, CALIF. — Grubb & Ellis has negotiated the $10.6 million sale of the 62,000-square-foot Bay View Plaza, a two-story office building located at 1600 Harbor Bay Parkway within the Harbor Bay Business Park in Alameda. Anchored by OtisMed, the property was approximately 93 percent leased at the time of the sale. Grubb & Ellis’ Steve Golubchik, Christopher Johnke, Cale Miller, Edward Suharski and Seth McKinnon represented the seller, Ellis Partners, in the transaction; the buyer, Worthington Investments, represented itself.
SAN DIEGO — The 31,960-square-foot Padre Plaza office building, located at 3505 Camino del Rio South in San Diego, has been sold for $3.9 million. Cushman & Wakefield’s Barry Mahlberg and Derek Applbaum represented the seller, Lewis D. Hutchins, Hampshire Investments LLC, in the transaction, and Jerome Sili represented the buyer, Atlantida LLC.
MIAMI — Keiser University has leased a new 90,000-square-foot building from Procacci Development Corp. for the relocation of its Kendall campus. The build-to-suit is located in Crossroads at Dolphin Commerce Center in Miami. The office park spans 438,000 square feet in four, Category 5 hurricane-resistant buildings.
BURLINGTON, MASS. — The Davis Companies has acquired a Burlington office park at auction for $32.75 million. Burlington Woods consists of two buildings totaling 267,829 square feet. The project was 64 percent occupied at the time of the sale. Tenants include Philips Color Kinetics, GE Ionics, KeyPoint Partners, Cbeyond and Corporate Technologies. The buyer plans to undertake a significant capital improvements program in order to reposition the property. Cushman & Wakefield has been selected to lease it. The Davis Companies completed the acquisition on behalf of its $230 million Davis Investment Ventures Value Opportunity Fund I.
HOUSTON — The General Services Administration has signed a 132,539-square-foot lease with MetLife for space in Wells Fargo Plaza. The U.S. Attorney's Office will occupy the space, which is located at 1000 Louisiana St. in Houston. The property is a Class A office building that stands 71 stories tall. Jones Lang LaSalle's Brian Weiss, Bruce Rutherford, David Bale, Louie Crapitto and Anna Schinas represented the tenant. Dave Hanusa and Bonnie Kelley of CB Richard Ellis represented the landlord.
DENVER — HL Commercial Real Estate has brokered the $22.5 million acquisition of the 135,499-square-foot Quad at Lowry office building in Denver. Located on 8.15 acres, the property is mostly occupied by Kaiser Permanente. HL Commercial’s Tony Diosi represented the Marin County, California-based buyer in the transaction, and Sperry Van Ness’ Dean Corey and Troy Meyer represented the seller, SGMP/Quad at Lowry LP.
WILSONVILLE, ORE. — Grubb & Ellis has negotiated a 131,793-square-foot, Class A office lease at 27500 SW Parkway Ave. in Wilsonville. Grubb & Ellis’ David Squire and Jake Lancaster represented the building owner, Washington Capital Management, in the transaction with the lessee, Oregon Institute of Technology, which was represented by Melvin Mark Brokerage Co.’s Pat Schreck and Tim Parker. The college signed a 10-year lease with an option to purchase at the four-story building, which was previously InFocus’ headquarters.
HOUSTON — Sutherland Asbill & Brennan has signed a 41,410-square-foot lease for space in Houston's First City Tower, brining the building's occupancy to 92 percent. The LEED-ED office property, which is owned by FC Tower Property Partners, is located at 1001 Fannin St. First City Tower stands 49 stories and spans 1.3 million square feet. Cushman & Wakefield 's Kevin Snodgrass represented the tenant. Colvill Office Properties' Chip Colvill and Michael Anderson represented FC Tower Property Partners.
FRISCO, TEXAS — Four companies have signed leases with Hall Financial Group at the firm's Hall Office Park in Frisco. ActionCOACH signed a 4,023-square-foot lease at 2401 Internet Blvd. Studley's Ric Kanatzar represented the tenant. Tribridge signed a 3,030-square-foot lease at 3000 Internet Blvd., and Andy Leatherman of Jones Lang LaSalle represented the firm. Viamedia signed a 2,823-square-foot lease at 2600 Network Blvd., and Perquest signed a 1,604-square-foot expansion at 2801 Network Blvd. L.J. Erickson of Duggan Realty Advisors negotiated the lease on behalf of the tenant. Kim Butler and Tammy Lomonaco represented the landlord in house.
SAN DIEGO — Stoneridge Capital Partners has acquired the 46,620-square-foot Four Governor Park office property located at 5080 and 5090 Shoreham Place in San Diego. The multi-tenant development is currently 90 percent leased. Cassidy Turley/BRE Commercial’s Brian Driscoll represented the seller in the all-cash transaction.