CARLSBAD, CALIF. — Pacific Ridge School has acquired a 4-acre land parcel, which is located on the corner of El Fuerte Street and Poinsettia Lane in Carlsbad. The Corporation of the Presiding Bishop of The Church of Jesus Christ of Latter-day Saints sold the property for $4.05 million. The buyer plans to develop the site for its own use. Bill Hensley and Colleen Knowlton of Hensley Properties represented the buyer; David Knowlton of NAI Capital’s Newport Beach, Calif., office represented the seller in the transaction.
LA JOLLA, CALIF. — Construction is complete on a 2,878-square-foot professional office building in La Jolla. Located at 7841 Fay Ave., the two-story property offers a 780-square-foot interior courtyard. Mike Slattery and Erika Kruse of Grubb & Ellis|BRE Commercial are listing the property on behalf of the undisclosed owners.
WASHINGTON, D.C. — Washington, D.C.-based ICG Properties and Castleton Holdings are slated to redevelop the 50,000-square-foot office building at 1050 31st St. in Washington. The five-story building was previously occupied by the American Trial Lawyers Association. The companies are considering turning the property into a hotel or leasing the space to office users or high-end retail tenants.
HARTLAND, WIS. — Milwaukee-based Colliers Barry has negotiated the leasing of 35,125 square feet of office and warehouse space at 340 Maple Ave. in Hartland. The space will be occupied by Sunburst Apparel, which was represented in lease negotiations by James Young of Colliers. The landlord was Roadster Hartland LLC. Terms of the lease were not disclosed. The new space marks an expansion from the tenant’s previous facilities.
SAN DIEGO — Clem Abrams has completed the development of Abrams Westview Plaza, a 96,481-square-foot, Class A office building located along Interstate 15 in the Scripps Ranch area of San Diego. The three-story multi-tenant facility features tilt-up concrete wall panels, limestone tile accents, high performance glazing and an overhead glass canopy supported by cantilevered steel framing highlights. Additionally, the property offers a two-level, 69,000-square-foot parking structure. Bycor Construction served as general contractor for the project. Smith Consulting Architects provided architectural services. Tom Nicholas and Pat Rohan of Cushman & Wakefield are leasing agents for the property.
PHOENIX — Orange, Calif.-based American Technologies has acquired a 33,502-square-foot build-to-suit facility at Parkside Business Center, which is located on the northeast corner of Parkside Lane and 23rd Avenue in Phoenix. Phoenix-based LGE Corp. sold the property for $5.1 million. Bill Bayless, Andrew Brigham and David Consani of CB Richard Ellis represented the buyer; Bob Kling of Lee & Associates Commercial Real Estate Services represented the seller in the transaction.
ORLANDO, FLA. — The Orlando office of the The Pizzuti Cos. will begin site work later this year on the 315,000-square-foot Exploration Park, a 60-acre office park on the grounds of the Kennedy Space Center in Orlando. The project, a partnership between Space Florida and NASA, will feature office and lab space and high-bay facilities. A 25,000-square-foot office building, which can be expanded to 50,000 square feet, will be the first property constructed in the multi-phase project. Jones Edmunds & Associates will provide engineering work, O’Brien/Atkins Associates and HuntonBrady Architects will design the park and RUSH Construction will serve as the general contractor.
OAK RIDGE, TENN. — Heritage Center has sold a 132,000-square-foot office building to Cornelius, N.C.-based Manhattan Project, an affiliate of Fulcra Enterprises, for $2 million. The property, Building K1007, is located in the East Tennessee Technology Park in Oak Ridge. Building K1007 was built in 1960 and is currently leased to Bechtel Jacobs Co. The technology park encompasses seven buildings, four of which have been sold to Fulcra in an effort to release government-owned buildings to parties in the private sector. Maribel Koella and Matt Fentress of Knoxville, Tenn.-based NAI Knoxville brokered the sale.
SUMMIT, N.J. — Construction is advancing for Claremont Corporate Center, a 46,576-square-foot, Class A office building located at 535 Springfield Ave. in Summit. The project utilizes the existing Risk Mansion, a turn-of-the-century stone building, and adds a modern office component to it. The project will feature a two-story main lobby with a glass curtain wall and a 20-foot stone wall façade. The building also includes 98 underground parking spaces and 40 surface spaces. Claremont Realty Group has already signed a lease to occupy the first floor of the historic portion of the building. Completion of Claremont Corporate Center is scheduled for the third quarter. The owner is Greenock Capital Management. Jeffrey Heller and William McCaffrey of CB Richard Ellis are undertaking leasing of the property.
PHILADELPHIA — GVA Smith Mack has negotiated the renewal and relocation of Fox Rothschild’s 104,461-square-foot lease at 2000 Market Street, a 29-story, Class A office building located in the central business district of Philadelphia. The law firm will move to the 19th through 21st floors of the building and will continue to occupy the 12th floor. The lease carries a 15-year term. Jim Mullarkey of GVA Smith Mack represented the building’s landlord, RREEF. Fox Rothschild was represented by Doug Simon and Jud Wambold of Tactix Real Estate Advisors.