FALLS CHURCH, VA. — The U.S. Government has signed a lease renewal with Carr Properties for more than 113,000 square feet of space in its Suffolk Building office property. The seven-story office building is located at 5611 Columbia Pike in Falls Church. The property was renovated in 2001 and extra security measures were installed in 2005 and 2008. Kurt Stout, Charles Dilks and Keith Lavey of Grubb & Ellis’ government services group brokered the lease.
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CINCINNATI AND INDIANAPOLIS — Two Midwest offices of Colliers Turley Martin Tucker (CTMT) have completed an office and a retail sale. First, CTMT’s Cincinnati office brokered the sale of a 105,000-square-foot office building, located at 444 Third St. in Cincinnati, for $17 million. CTMT’s Mike Hartmann and Robert Ryan represented the seller Dunnhumby USA. The buyer was Al. Neyer Inc. In addition, CTMT’s Indianapolis office brokered the sale of Pike Plaza, a 198,558-square-foot community shopping center located on Lafayette Road in Indianapolis. CTMT’s Rebecca Wells and Bill French represented the seller, Capmark. The undisclosed buyer plans to reposition the property to Class A status. The acquisition price was not disclosed.
HACKENSACK, N.J. — NAI James E. Hanson has completed the sale of a 3,400-square-foot office condo space in Hackensack. Located at 58-60 Main St. on the second floor of the three-story building, the recently renovated office space was purchased by a start-up law firm. The space is conveniently located one block away from the Bergen County Court House and is easily accessible to Interstates 80 and 95, the George Washington Bridge, and Route 4 and New York City. The property features seven offices, a large conference room, four parking spaces at the nearby Atlantic Street Garage and wiring for T-1 Internet usage. NAI Hanson's Peter Cohen and Susan Trovati represented the seller in this transaction. The sale price was undisclosed.
RALEIGH, N.C. — Choate Construction has completed a 134,152-square-foot Class A office building for the headquarters of Genworth Financial’s mortgage business. The property is located on 4.93 acres at 8325 Six Forks Rd. in Raleigh. Ground was broken on the office, which was designed to LEED Gold standards, in August 2008 and construction finished ahead of schedule. Genworth will occupy the entire building.
BOYNTON BEACH, FLA. — Orlando, Fla.-based Keene Construction Co. has started work on Ram Realty Services’ 13,272-square-foot Valencia Commons office building in Boynton Beach. The two-story property is located at the intersection of Boynton Beach Boulevard and Hagen Ranch Road. Miami Lakes, Fla.-based Design Tech International provided architectural services. Delivery is expected in January.
LAKE ELMO, MINN. — Minneapolis-based NorthMarq Investment Services has completed the sale of Eagle Point Office Center II, a Class A office building located in Lake Elmo. Situated within the 120-acre Eagle Point Business Park, Eagle Point Office Center comprises a single-story, 30,000-square-foot office building. It is fully leased to a tenant roster that includes Rasmussen College and Foth Engineering. NorthMarq’s Scott Pollock, Pete Rand and Evan Richardson represented the seller, United Properties. The buyer was Minneapolis-based Blackhawk Investment Group.
HOUSTON — Houston-based Hartman Income REIT has purchased two office buildings located in Houston. They include Northchase Center, a 128,891-square-foot property located at 14550 Torrey Chase Blvd., and Cornerstone Plaza, a 71,008-square-foot property located at 3707 FM 1960 West. The two properties are situated within a mile of each other and have an average occupancy of 92.5 percent. Mark Lucescu of Newport Beach, Calif.-based Lucescu Realty represented the seller, KBS Realty Advisors. Dave Wheeler represented Hartman in-house. The acquisition price was not disclosed.
HAYWARD, CALIF. — Todd Severson and Brennan Carpenter of Colliers International Oakland represented the S&N Woomer LLC in the disposition of a 24,112-square-foot building located at 30914 San Antonio Rd. in Hayward. The property, which is situated on a 1.45-acre site, sold for $2.5 million. Imperial Investments represented the undisclosed seller in the transaction.
SACRAMENTO, CALIF. — The U.S. Government has signed a 10-year lease for 227,490 square feet at 1325 J St. in Sacramento. UrbanAmerica recently acquired the property, which was constructed as a build-to-suit for the Army Corps of Engineers in the 1980s. Additional terms of the lease were not released. Timothy Hutchins, Jim King and Ali Nadimi of CB Richard Ellis represented the landlord.
KANSAS CITY, MO. — Murphy Tractor & Equipment Company Inc. has purchased 9.5 acres of land at the Hunt Midwest Business Center in Kansas City. The Wichita, Kan.-based company plans to build a 43,000-square-foot sales and service center on the site on NE Parvin Road. Hunt Midwest Business Center is located in a 2,500-acre commercial/industrial development, and is adjacent to Hunt Midwest SubTropolis.