CAMARILLO, CALIF. — David Wise of American Corporate Real Estate Services represented the undisclosed buyer in the acquisition of Plaza 5051 at Mission Oaks, a Class A office building located at 5051 Verdugo Way within Mission Oaks Business Park in Camarillo. The three-story, 51,500-square-foot building, which was completed in 2007, was listed at $17.88 million. Bill Kiefer, Steve Economos and Geoff DeWolf of NAI Capital represented the seller, The Foundation Group, in the transaction. The purchase price was not disclosed.
BOCA RATON, FLA. — Office Depot will open its 625,000-square-foot corporate headquarters, located at 6600 N. Military Trail in Boca Raton, on Jan. 16. The property sits on 28 acres, encompassing three office buildings that are linked by glass-enclosed atriums. Coral Gables, Fla.-based Flagler Development Group oversaw all aspects of construction, which began in early 2007.
HUNTSVILLE, ALA. — HPC Properties has purchased a 99,197-square-foot office building triple-net leased to Science Applications International Corp. for $15.85 million. The property, which is located at 6725 Odessey Dr. in Huntsville, was built in 2007. Chad O’Connor of Irvine, Calif.-based Mark One Capital provided $8.9 million in financing for the purchase. Joshua Volen and Andrew Slade of Marcus & Millichap’s San Diego office and Edwin Greenhalgh of the firm’s Birmingham, Ala., office represented the buyer.
SAN DIEGO — Breshears & Ghianni Builders Corp. has selected Johnson & Jennings General Contracting to complete tenant improvement (T.I.) construction for the offices of the San Diego Health and Human Agency, which is located at 5055 Ruffin Rd. in the Kearny Mesa area of San Diego. The improvements include the build out of health examination rooms, interview rooms, cubicles and clerical support facilities. Ware Malcomb is providing architectural services for the project, which is slated for completion in January.
SAN DIEGO — Wrapfiber LLC, composed of principals of The Fyfe Company, has acquired a 17,612-square-foot flex building, which is located at 8380 Miralani Dr. in the Mira Mesa area of San Diego. Roanoke, Va.-based ITT Night Vision sold the property for $2.2 million. The buyer plans to use the property for its headquarters; the remaining 7,000 square feet will be available for lease. Bill Haines and Kendra van Note of Grubb & Ellis|BRE Commercial represented the buyer; Sean Williams and Mike Macie of Cushman & Wakefield represented the seller in the transaction.
SANDY SPRINGS, GA. — With an eye toward opening a new corporate headquarters, JAS Forwarding Worldwide of Atlanta has purchased three office buildings on a 6.34-acre site from The Griffin Company. Located on Barfield Road in Sandy Springs, the three buildings will be completely renovated as part of a 90,000-square-foot office development. Griffin will serve as the general contractor for the project, which will break ground during the first quarter.
HOUSTON — HE Capital is completing a $1.2 million capital improvements plan for 2425 West Loop South, an 11-story, Class A office building located in Houston. Phase I, which was completed in August, consisted of the installation of two energy-efficient chillers and an upgraded energy management system. In December, renovations to the atrium lobby were completed; construction included a new granite floor, carpet insets and wall finishes, as well as a new security station and lighting. In the first quarter of this year, a semi-circular driveway will be completed, improving access from the West Loop. The renovation project was designed by architect I.M. Pei. Amenities at the office building include a deli, on-site management and security, multi-room conference facilities, and an attached, nine-story parking garage. Occupancy at the building is currently at 74 percent; leasing efforts are being undertaken by the Houston office of CAPSTAR Commercial Real Estate Services.
LOS ANGELES — Thompson National Properties LLC recently acquired Kodak Hollywood Campus, which is located in Los Angeles’ Hollywood district. The two-building Class A campus consists of 102,800 square feet of office and production space. Located at 1017 N. Las Palmas Ave., the three-story office/production facility offers approximately 83,950 square feet of space, including screening rooms, editing bays, recording facilities, cabling and infrastructure. The two-story office building, which is located at 6700 Santa Monica Blvd., offers 18,850 square feet of office space. The property is 100 percent leased to Eastman Kodak. The seller and sales price were not disclosed.
NASHVILLE, TENN. — Principal Real Estate Investors has sold a two-building office property spanning 40,897 square feet to 60 MSE, GP, for $4.85 million. The offices are located at 54-60 Music Square East in Nashville. Colliers Turley Martin Tucker – Nashville’s Crews Johnston, Perry Gooch, Rob Lowe and Whit McCrary brokered the sale. Thomas McDainel of Boyle Nashville represented the buyer.
MIAMI — Noam Kaminetzky of Meridian Capital Group’s Boca Raton, Fla., office has secured $4.35 million in financing for a 143,000-square-foot Miami office building. The 14-story property is located on Biscayne Boulevard. The 9-year loan comes with a 6.75 percent interest rate.