KANSAS CITY, MO. — JE Dunn Construction Group has topped out its new headquarters facility, which is located at 1100 Locust in Kansas City. The company broke ground on the 203,000-square-foot facility in December 2007. The five-story office building will include an adjacent parking structure to serve 780 vehicles for JE Dunn employees and public parking. BNIM/360º Architects are providing design services for the project, which is being constructed to meet LEED Gold standards. JE Dunn plans to move into the new office in August.
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CHICAGO — Chicago-based design agency VSA Partners has signed a long-term lease within the 600 West Chicago building in the city’s River North submarket. The company’s headquarters will occupy approximately 40,000 square feet of space on the building’s second floor. VSA Partners has plans to move into the new space by the middle of 2009. The eight-story, 1.5 million-square-foot office building includes a river walk, shuttle service to train stations, a restaurant and a gym. Jones Lang LaSalle serves as the leasing agent for the property, which is 90 percent leased. Brad Despot of Jones Lang LaSalle represented the undisclosed landlord; Tom Volini in the Tenant Advisory Group of Grubb & Ellis represented VSA Partners in the transaction.
NEW YORK CITY — CB Richard Ellis (CBRE) has arranged the renewal of Viacom International’s 1.35 million-square-foot headquarters lease at 1515 Broadway in Manhattan, New York City. The building, known as One Astor Plaza, rises 53 stories and totals 2 million square feet. Michael Laginestra, Scott Gottlieb and Andrew Sussman of CBRE represented Viacom in lease negotiations. The building’s owners, SL Green Realty Corp. and SITQ, were represented by Marc Holliday, Steve Durels, Neil Kessner and Kathy Crocco of SL Green. The transaction marks Manhattan’s third largest lease in history. Terms were not disclosed.
MURRIETA, CALIF. — Tri-Valley Urology Medial Group has purchased an 8,590-square-foot office building in Murrieta for $2.6 million. The property is located at 25495 Medical Center Dr., Suites 204-208. Rob Crisell of Lee & Associates’ Temecula Valley, Calif., office represented the buyer and the seller, Rancho Springs Medical Venture LLC, in the transaction.
DUNCAN, S.C. — Gas Turbine Efficiency Inc. has signed a 49,225-square-foot lease with landlord Hagen Real Estate for space at the Gateway Business Center. The property is located at 240 Parkway East in Greer. Kevin Bentley of Greenville, S.C.-based Bentley Commercial/CORFAC International represented the tenant. Greenville-based Coldwell Banker Commercial Caine’s John Powell represented the owner.
CLEVELAND — Norfolk, Va.-based Harbor Group International has arranged a lease for approximately 100,000 square feet within 200 Public Square, a 45-story Class A office building located on Euclid Avenue in downtown Cleveland. Huntington Bank has leased office and retail space within the building for a 20-year term. The leased property includes two full atrium levels, a third floor and a retail component. Huntington Bank will relocate its regional headquarters to the facility as early as November 2010, with a completion date of November 2011. Amenities at the 1.27 million-square-foot office tower include a 757-space parking garage, a fitness center and an eight-story atrium. Terms of the lease allow Huntington Bank to add prominent signage to the building, including the top of the tower.
NEW YORK CITY — Cushman & Wakefield Sonnenblick Goldman has arranged a joint venture for the recapitalization of 31 West 52nd Street, a 776,849-square-foot office tower located in the Plaza District of Midtown Manhattan, New York City. The joint venture consists of Paramount Group, which acquired the tower last year, and a corporate pension trust advised by JPMorgan Asset Management. The property was designed by award-winning architect Kevin Roche of Kevin Roche John Dinkeloo & Associates. Tenants include law firm Clifford Chance, as well as several financial service companies. Details of the transaction were not released.
SAN FRANCISCO — Boston Properties Inc. has completed the financing of its Four Embarcadero Center in San Francisco. Terms of the 8-year, $375 million secured loan include a fixed rate of 6.10 percent per annum. A syndicate of insurance companies provided the financing. Located in San Francisco’s North Financial District, 47-story, Class A property offers approximately 937,000 square feet of rentable office space.
RANCHO BERNARDO, CALIF. — Brian Driscoll, Brian Starck and Michelle Westoby of Grubb & Ellis|BRE Commercial represented Mission Federal Credit Union in the disposition of a 9,960-square-foot office building. Douglas E. Barnhart acquired the property, which is located at 10805 Thornmint Rd. in Rancho Bernardo, for $2.8 million. Marc Posthumus of Cushman & Wakefield represented the buyer in the transaction.
NASHVILLE, TENN. — SDG Value Fund I has purchased a controlling interest in the 50,000-square-foot Point Place II office building from an undisclosed party for an undisclosed amount. The two-story brick property was built in 1985 and is located on Donelson Pike in Nashville. The building is currently 16 percent leased; SDG will use its interest to re-tenant the building. Kim Nelson of Nashville-based Interstate Partners Real Estate brokered the transaction, and American Security Bank & Trust provided financing.