ORLANDO, FLA. — CB Richard Ellis Realty Trust has purchased a 124,500-square-foot office building from an undisclosed party for an undisclosed amount. The property, which is located at 12650 Ingenuity Dr. in Orlando, is fully leased to Kaplan’s higher education division. Built with a self-contained data center room with a redundant power supply, the property also includes a cafeteria. CB Richard Ellis Realty Trust and CB Richard Ellis Investors’ Jeffrey Torto worked to purchase the building.
ORLANDO, FLA. — Orange Crown Holdings of Orlando has purchased the 19,136-square-foot Semoran Park office building from Orlando-based Semoran Park Condominiums for $2 million. The Class A property is located at 1277 N. Semoran Blvd. in Orlando. The building is 72.6 percent leased and houses tenants including Semoran Park Family Physicians and Semoran Law Center. Jay Dixon and Jerry Thornbury of Grubb & Ellis|Commercial Florida’s Orlando office brokered the sale.
SANTA ANA, CALIF. — Grubb & Ellis Realty Investors has completed the $11.3 million disposition of a 105,199-square-foot office building, which is located at 901 Civic Center Dr. W. in Santa Ana. The four-story Class B office property is 70 percent leased to a majority of government entities, including the Federal Bureau of Investigations, the Orange County District Attorney’s office and the Public Defender’s office. Dan Vittone, Al Pekarcik and Gil Marrero of Voit Real Estate Services represented the seller. Tim Nguyen of NAI Capital represented the undisclosed buyer.
NEW YORK CITY — Jones Lang LaSalle (JLL) has completed a lease for 64,788 square feet of office space at One Astor Plaza, a 1.9 million-square-foot office tower located at 1515 Broadway in Manhattan, New York City. Engineering firm Syska Hennessey Group will occupy the space, which represents the entire 14th and 15th floors, for a 15-year term under a direct lease. It is relocating from its previous offices at 11 W. 42nd St. Peter Riguardi and Cynthia Wasserberger of JLL represented the tenant in lease negotiations. Frank Doyle and David Kleiner, also of JLL, represented the landlord, SL Green Realty Corp. Syska Hennessey plans to pursue LEED certification for the new office space.
LOS ALAMITOS, CALIF. — KZ DevCo has purchased a 10,100-square-foot office building in Los Alamitos for $4.25 million. The company plans to redevelop the property, which is located at 3401 Katella Ave., into a CVS/pharmacy. Construction will begin in September with completion scheduled for May 2010. Vincent Roche with CB Richard Ellis represented the buyer; David Cox of Cox Commercial represented the seller, Tipton Family Trust.
LOS ANGELES — The General Services Administration (GSA) has inked a $14.4 million lease transaction at 606 S. Olive St. in Los Angeles. The deal will expand the Federal Government’s Executive Offices of Immigration Review (EOIR) office space to 72,210 square feet. The EOIR now occupies five-and-a-half floors of the City National Bank Building. John Anthony of Charles Dunn Co. brokered the transaction. The landlord is 606 Olive LLC.
GREENVILLE, S.C. — Greenville New Markets Opportunity has provided more than $8 million in financing toward the 60,000-square-foot NEXT Innovation Center project being planned by Greenville-based Hughes Development Corp. The center is located in a rehabilitated building in Greenville and will initially employ 114 construction workers. When the property is up and running, 336 employees will staff the center. GNMO’s below-market financing is being combined with debt and equity provided by Carolina First Bank.
ROXBURY, N.J. — NAI James E. Hanson has completed the sale of a 2,500-square-foot office space, located at 181 Route 206 South in Roxbury. The two-story building was a former residential property that was converted into office space. Situated on 1.2 acres of land, the building features five offices, a conference room, one and a half bathrooms, a kitchen, a walk-up attic, a full basement, a new furnace, as well as a two-car garage, 10 additional employee parking spaces and a storage shed. The property is conveniently located to Routes 287, 24 and 78. NAI Hanson's Joe Vindigni represented both the seller, Kirk Hessels, and the buyer, Michael Gilbert, in this transaction.
SAN MARCOS, CALIF. — Doug Harwood of The Harwood Group represented Robert Goetz in the acquisition of a 6,450-square-foot office/retail building in San Marcos. Located at 1215 San Elijo Rd. within the community of San Elijo Hills, the property sold for $1.95 million. The buyer plans to use the mixed-use space for its marketing company as well as an eatery. Deborah Hunkeler, Kevin Farrell and Jay Arnett of Cushman & Wakefield represented the seller, San Elijo Hills Development Co., in the deal.
FALLS CHURCH, VA. — Besancon has borrowed $2.56 million from John Marshall Bank for its 22,453-square-foot office building in Falls Church. The property is located at 4900 Leesburg Pike and houses 32 tenants. The 5-year loan carries a 25-year amortization schedule. Matthew Kohlhoss and Gary McGlynn of NorthMarq Capital’s Washington, D.C., office arranged the loan.