PIQUA, OHIO — Jonesboro, Ark.-based Farr Air Pollution Control (APC) has expanded its operations into Ohio, with the opening of an office in Piqua. The industrial dust collectors and fume collection equipment company will occupy 5,040 square feet of space at 405 Fox Drive within Sherry Industrial Park. The company plans to use the new office as a regional office and training center for its air pollution control division. Occupancy is expected by the beginning of March. Tim Echemann of Industrial Property Brokers negotiated the transaction.
THE WOODLANDS, TEXAS — Technology Land Investments has purchased 3.8 acres of land in The Woodlands from The Woodlands Development Co. for a 50,000-square-foot office. The building, which will deliver late this year or early next year, will be located on Technology Forest Drive. Jeff Beard of The J. Beard Real Estate Co. represented Technology Land Investments in the transaction. Colliers Texas' Cody Christoph represented the seller.
LOS ANGELES — TPMC California has completed a $5 million redevelopment of a six-floor, 107,000-square-foot Class-A office building located at 12301 Wilshire Blvd. in West Los Angeles. Per Gensler’s design, the 1970s-era building underwent a complete transformation at the ground level, including installation of a new modern glass façade and a full renovation of the building’s lobby and outdoor plaza. TPMC California, a subsidiary of TPMC Realty Corp., originally purchased the office building in September 2008. Completion of the project, TPMC’s first in California, coincided with the grand opening of the property’s newest tenant, Staples, which now occupies 4,135 square feet of ground-floor space fronting Wilshire Boulevard for its new Staples Print & Copy Shop concept.
HONOLULU — Hawaii Commercial Real Estate LLC has represented a local orthodontist in the $2.3 million purchase and financing of a 15,000-square-foot office building located at 1210 Ward Ave. in Honolulu. The company arranged 90 percent financing through the SBA 504 loan program. Hawaii Commercial Real Estate’s Jamie Brown handled the real estate transaction, and Ted Ketcham arranged the financing.
OAK BROOK, ILL. — Rasmussen Inc., a provider of online educational experiences, is relocating to Regency Towers in Oak Brook. The company will occupy 61,844 square feet of office space on four contiguous floors at 1415 W. 22nd St. The company plans to begin move-in during the second quarter of 2010. Perry Higa of CB Richard Ellis represented Rasmussen in the transaction. Details of the transaction were not disclosed.
CORPUS CHRISTI, TEXAS — Brunkenhoefer Law Firm has disposed of its office building located in downtown Corpus Christi. The property is a two-story, approximately 7,700-square-foot building. The firm will be relocating to 606 North Carancahua, also in Corpus Christi. Matthew Cravey of NAI Cravey Real Estate Services represented the seller. George Clower of The Clower Company represented the buyer, Channing Slusher, Trustee. The acquisition price was not disclosed.
CARLSBAD, CALIF. — CB Richard Ellis has brokered DEXUS Property Group’s almost $14.8 million sale of the 179,721-square-foot corporate headquarters building located at 5823 Newton Drive in Carlsbad. Located in the Carlsbad Research Center, the building is 26 percent leased to Pro Performance Sports LLC. CBRE’S Nick Psyllos represented the seller in the transaction, and Studley’s Jeff Cannon and Tim Schramm represented the buyer, Life Technologies Corp.
ASHLAND, VA. —Daniel, Daniel & Daniel LP has sold a 58,684-square-foot flex property in Ashland to Purnell Furniture Services Inc. for $2.25 million. The property is located at 11223 and 11237 Leadbetter Road. Clifford Porter of Porter Realty Co. represented the seller. Grant Massie Land Co.'s Ned Massie represented the buyer.
MILWAUKEE — Walker’s Point Center for the Arts has acquired an office building located at 839 S. Fifth St. in Milwaukee. Constructed in 1885, the cream-colored, brick building underwent extensive renovations in 1998. The art center will house an expanded exhibition gallery, administrative offices, a performance and community resource room and approximately 2,500 square feet of classroom and educational space. RNC Walker Property sold the property for $275,000. Dwight Kellogg and Brent Landfried of Ogden & Co. brokered the transaction.
CAMBRIDGE, MASS. — Ironwood Pharmaceuticals has expanded its lease at 301 Binney Street, a five-story laboratory research facility located at Kendall Square in Cambridge. The company is leasing an additional 50,000 square feet, bringing its total space occupied at the property to approximately 164,000 square feet. The property is owned by BioMed Realty Trust through a joint venture with a client of Prudential Real Estate Investors.