CHARLOTTE, N.C. — Newport Beach, Calif.-based Buchanan Street Partners has signed Ally Bank to a 133,000-square-foot office lease in Charlotte. Ally Bank will anchor the 368,000-square-foot property, located at 440 South Church St., when it opens in September. Trinity Partners and HDR have also signed leases for space in the LEED Silver building.
WEST CHESTER, PA. — Grubb & Ellis Company has completed the sale of 31,700 square feet of office space located at 1210 Ward Ave. in West Chester. The space was purchased by Synthes USA from Bryn Mawr Mall Associates for an undisclosed price. Grubb & Ellis’ John Perkins facilitated the transaction. The buyer will occupy the entire one-story building, which previously had been vacant.
NEW YORK CITY — Winoker Realty Company has completed the $1.73 million sale of a 2,700-square-foot office condominium located at 305 Seventh Ave. in Manhattan, New York City. Jonata Dayan and Adam Ben-Dayan of Winoker Realty represented the buyer, a real estate holding company. The seller, a non-profit organization that owned the space for the last 10 years, was represented by Leith ter Meulen of LPR Realty, an affiliate of LandAir Project Resources, Inc. that works exclusively with not-for-profit groups.
SAN ANTONIO — Marcus & Millichap has brokered the sale of the eighth floor of the Falcon Building, an office tower located at 425 Soledad St. in downtown San Antonio. Greg Gaynor of the firm’s Austin, Texas, office represented the seller, a private investor. The buyer and the acquisition price were not released.
LAS VEGAS — Panattoni Development Co. has acquired a 19-acre office and industrial property near Buffalo and Post roads in Las Vegas. The project consists of eight completed industrial buildings totaling 72,656 square feet and four completed office buildings totaling 25,896 square feet. The office buildings range from 6,150 to 7,446 square feet. Additionally, the project features 11 acres of fully improved land for build-to-suit or sale opportunities. Pat Marsh and Eric Molfetta of Colliers International will market the property for Panattoni.
PALO ALTO, CALIF. — The electric vehicle maker Tesla has leased a 350,000-square-foot office from an undisclosed party to serve as its new corporate headquarters. The brownfield property, which will be renovated to environmental standards, is located at 3500 Deercreek Rd. in Palo Alto. The company will consolidate its operations from various buildings and move into its new space later this year. Shawn Kellenberger, John Yandle and Jack Lewis of Cornish & Carey Commercial/ONCOR International’s Santa Clara, Calif., office represented Tesla in the transaction.
BOLINGBROOK, ILL. — Chicago-based Bridge Development Partners (BDP) has leased 119,000 square feet within Bolingbrook Corporate Center II to Honeywell International. The Morristown, N.J.-based tenant will take occupancy of the building, which is located at 101 E. Crossroads Pkwy. in Bolingbrook, for a 10-year term beginning in September. Honeywell plans to consolidate its division headquarters as well as its manufacturing and distribution operations into the new building. Andy Sexson of Rosemont, Ill.-based Colliers Bennett & Kahnweiler (CBK) and Kevin O’Donnell of O’Donnell Commercial Real Estate represented the tenant. Vern Shultz and Peter Bourke, also of CBK, represented the landlord. Bolingbrook Corporate Center II is owned by Bridge Development Partners in a joint venture with San Francisco-based McMorgan & Co. The 283,630-square-foot building was constructed in 2001 and features 30-foot clear ceiling heights, 28 docks and two drive-in doors.
KANSAS CITY, MO. — Colliers Turley Martin Tucker (CTMT) has brokered the sale of 720 Oak, an office building located in Midtown Kansas City. The building was purchased by The Builders’ Association, which will occupy 15,000 square feet, bringing occupancy up to 81 percent. A 3,850-square-foot vacancy remains on the second floor. The building will also be renamed the Builders’ Association Building. It recently underwent a $2.5 million renovation, which included new exterior, interior, landscaping and mechanical upgrades. D. Michael Posten of CTMT represented the buyer; Brian Bacon, also of CTMT, will handle leasing for the remaining space.
ROCKFORD, ILL. — Financial Management Systems (FMS), a Schaumburg, Ill.-based call center company, has signed a long-term lease for a 28,000-square-foot office building located in Rockford. The property is situated at 4021 Morsay Dr.; it is expected to create 50 jobs immediately and as many as 350 over the next 24 months. Emmett Gray of locally based Whitehead, Inc., Realtors represented building ownership in lease negotiations. Terms of the deal were not disclosed.
HOUSTON — Houston-based Tax Masters Inc. has signed a lease for 2020 Dairy Ashford, a six-story, 107,890-square-foot office building in Houston. The property is part of a two-building complex located on Dairy Ashford Road. The company is relocating from its previous offices at 900 Town and Country Lane, also in Houston. CBRE’s David Hanusa and D.A. Smith of Briarhollow Realty Group represented the landlord, DAP Plaza Ltd. Terms of the lease were not disclosed.