HOUSTON — John Nicholson and Doug Nicholson of Grubb & Ellis’ Houston office have secured an approximately 145,000-square-foot lease at Portwall Distribution Center in Houston on behalf of Cadeco Industries Inc. The warehouse space, located at 530-542 Portwall St., is split between two single-story buildings. The first comprises 81,000 square feet; the second has 62,820 square feet. Houston-based Warehouse Associates owns the 7-acre property and represented itself in the lease transaction.
RENO, NEV. — United Construction Co. has completed the construction of its corporate office, which is located at 5300 Mill St. in Reno. The 12,350-square-foot building includes interior courtyards, lighting control systems to reduce energy use and recycled building materials purchased from local sources to minimize gas consumption.
LA MIRADA, CALIF. — Champion Exposition Services has signed a 5-year lease for a 76,244-square-foot office building in La Mirada. Located at 14701 Industry Circle, the property lease is valued at $3.3 million. Cameron Driscoll and Luke McDaniel of Voit Commercial Brokerage’s Anaheim, Calif., office represented the lessee; Steve Sprenger of Grubb & Ellis represented the lessor, Berns & Sanderson, in the transaction.
MONITOR TOWNSHIP, MICH. — Construction is advancing for the new $16 million corporate headquarters and warehousing facility for Fabiano Brothers, located in Monitor Township. The 191,000-square-foot facility, which was designed by St. Louis-based HDA Architects, includes a concrete tilt-up warehouse, as well as an office component that features a lobby with skylights and granite accents, a state-of-the-art boardroom and a hospitality room with an upscale bar. The project is situated on 24 acres within the 71-acre Market Place Corporate Center. Fabiano Brothers is developing the business park, with HDA Architects providing master-planning services. Fabiano Brothers was established in 1911 and is one of the largest alcohol wholesalers in the state of Michigan.
NEW YORK CITY — The Kaufman Organization has arranged a 32,359-square-foot office lease at 1407 Broadway, a 42-story, 1.1 million-square-foot office building located in the Fashion District of Manhattan, New York City, for Geneva Watch Group. The watchmaker will occupy a full floor of the building and will relocate is corporate headquarters here from its previous location in Long Island City, Queens. The office space features a wraparound terrace that runs the length of an entire city block. The price of the lease was not disclosed, but the asking price was $52 per square foot. It carries a 10-year term. Grant Greenspan and Michael Heaner of Kaufman represented the undisclosed landlord. Geneva Watch Group was represented by Steven Kaplan and Jack Wallis of Lansco Corp.
SAN DIEGO — Staples Construction, serving as general contractor, has completed the first of two buildings comprising 161,871 square feet of office/industrial space at Nexus University Science Center, which is located at 4737 and 4785 Executive Dr. in San Diego. The two-story, 58,904-square-foot building offers floor plates ranging in size from 25,945 to 46,564 square feet. The property features 16-foot floor-to-ceiling clearance and space suitable for biology and chemistry labs, vivarium and NMR rooms, and other ancillary uses. Pacific Cornerstone Architects provided architectural services for the project, which is being developed by Nexus Properties Inc.
CLEARWATER, FLA. — Clearwater-based general contractor The Murray Co. has broken ground on the second phase of Hallmark Development of Florida’s 7.4-acre Offices at Park Place. The Gold LEED-certified project is located at 83 Park Place Blvd. in Clearwater. Half of the building has already been leased. Collman and Karsky Architects provided design services; Gulf Coast Engineering has also been assigned to the project. Environmentally friendly features include energy-efficient fixtures, green-certified building materials and an efficient irrigation system.
COLUMBUS, OHIO — Sterling Commerce, a subsidiary of AT&T, has renewed its lease for 322,679 square feet of space at Tuttle Crossing, a Class A office park located at Interstate 270 and Tuttle Crossing Boulevard in Columbus that is owned by Indianapolis-based Duke Realty Corp. Sterling Commerce occupies space at 4600 Lakehurst, 4675 Lakehurst, 4725 Lakehurst and 6060 Emerald Parkway — it is the sole occupant of each of the buildings. The company first leased space at Tuttle Crossing in 1993 and has since expanded into additional buildings. The new lease carries a 10-year term.
BOSTON — Boston-based Suffolk Devonshire LLC has acquired 75 percent of the space within 185 Devonshire Street, an 80,000-square-foot office condo building located in Boston’s Financial District. The seller, Coral Gables, Fla.-based Bayview Financial, had already sold 25 percent of the space in the building as office condos prior to the transaction with Suffolk Devonshire. The buyer plans to lease the condos, which range from 1,000 to 6,000 square feet, to office users with the option to buy or sell them at up to 50 percent reduced prices. Suffolk Devonshire has selected NAI Hunneman Commercial to provide sales and leasing services for the building. Bayview Financial acquired the building in 2005 and recently completed an extensive renovation. The building was originally constructed in 1914.
WASHINGTON, D.C. — Washington-based 2031 Florida Avenue LLC has sold a 12,457-square-foot office building to the local investor 2033 Florida Avenue LLC for $5.25 million. The five-story building is located near the intersection of Connecticut and Florida avenues in Washington. A law firm leases the upper floors, and two retail tenants occupy the first floor. Bill Prutting of CB Richard Ellis’ Washington office represented the seller; Steve Solomon of Silver Spring, Md.-based Solomon Real Estate represented the buyer.