Office

BAE SYSTEMS INC. SIGNS $31 MILLION LIBERTY STATION LEASE

by admin August 21, 2008

POINT LOMA, CALIF. — BAE Systems Inc. has pre-leased 80,000 square feet of space at Liberty Station Office District in Point Loma for $31 million. The 10-year lease involves McMillin Commercial’s Building 902, a 105,000-square-foot industrial facility that is currently under construction. Located at 2305 Historic Decatur Rd., the facility is slated for completion in August 2009. The building will be the complex’s first LEED certified property. Gene Sachs, Glenn Friedrich and Russ Sande of CRESA Partners represented the lessee; Don Mitchell, Scott Kincaid and Jill Morton of CB Richard Ellis represented the lessor, McMillin Commercial, in the transaction.

August 21, 2008

40,250-SQUARE-FOOT MEDICAL OFFICE PROJECT PLANNED

by admin August 21, 2008

VISTA, CALIF. — Smith Consulting Architects is designing Melrose Medical Plaza, a planned medical office in Vista. Located at 2665 S. Melrose Dr., the two-story property will offer 40,250 square feet of space. Construction is slated to begin in first quarter 2009. Lusardi Construction Co. is serving as general contractor. Paul Braun and Chris Ross of Colliers International’s healthcare real estate team have been retained to market the property.

August 21, 2008

Office Southeast

GE SECURES $21 MILLION LOAN FOR RALEIGH OFFICE BUILDING

by admin August 20, 2008

RALEIGH, N.C. — GE Real Estate has provided a $21 million fixed-rate loan for the seven-story, 156,000-square-foot Capital Center office building in Raleigh to the Durham, N.C.-based Dilweg Companies. Dilweg has owned the property, located in the Central Wake County submarket, for 5 years. Charlotte, N.C.-based Medalist Capital served as mortgage banker.

August 20, 2008

Office Southeast

51,500-SQUARE-FOOT JEFFERSON SQUARE OFFICE PROPERTY SOLD

by admin August 20, 2008

NORTH LAUDERDALE, FLA. — Atac Estates recently sold the 51,500-square-foot office building Jefferson Square to Square One Industrial for $3.92 million. The property, which is located at 6041–6047 Kimberly Blvd. in North Lauderdale, houses Contour Dental Lab, Palm Lakes Printing and United Chemicals. Richard Matricaria and Ryan Nee of Marcus & Millichap Real Estate Investment Services’ Fort Lauderdale, Fla., office represented the seller and buyer, respectively.

August 20, 2008

Office Texas

GENSLER TO DESIGN OFFICE SPACE FOR NEW OPERA HOUSE

by admin August 20, 2008

DALLAS — Gensler has been selected to provide interior design services for the new administrative offices of the Dallas Opera. The offices will be located within the Margot & Bill Winspear Opera House at the Dallas Center for the Performing Arts in Dallas. The opera house is currently under construction. The space will consist of 13,000 square feet overlooking the 10-acre Performance Park. The opera house is scheduled to open in October. Foster + Partners is serving as project architect for the new opera house.

August 20, 2008

Office Western

WINDSOR PROPERTIES ACQUIRES OFFICE PROPERTY FOR $8.5 MILLION

by admin August 20, 2008

SAN MARCOS, CALIF. — Windsor Properties has purchased the Discovery Bank Building, which is located at 338 Via Vera Cruz in San Marcos. Situated on a 1.63-acre site, the two-story, 27,391-square-foot property sold for $8.5 million. Main tenants include Discovery Bank and State of California. Harry Stone of Voit Commercial Brokerage represented the seller, San Marcos Building LLC, in the transaction; Hamann Properties represented the buyer.

August 20, 2008

Midwest Office

THE MISSNER GROUP COMPLETES TWO TENANT BUILD-OUTS

by admin August 19, 2008

NILES, ILL. — Skokie, Ill.-based The Missner Group has completed two tenant build-outs within the 400,000-square-foot Howard Industrial Center, which is located at 6420 W. Howard in Niles. On behalf of Energy Volleyball Club, The Missner Group has completed construction on 20,000 square feet of space. The project included the build-out of 1,000 square feet of office space, four volleyball courts, as well as a viewing and concession area. Additionally, The Missner Group has completed the build-out of Twin Med LLC’s 30,000 square feet of space within the industrial park. Features of the build-out include 2,000 square feet of executive offices, a conference room and break room, and a new dock position for the 28,000-square-foot warehouse. The cost of completion was not disclosed.

August 19, 2008

Office Western

TURNER DEVELOPMENT COMPLETES TWO-PHASE MEDICAL OFFICE FACILITY

by admin August 19, 2008

RIVERSIDE, CALIF. — Newport Beach, Calif.-based Turner Development Corp. has completed the construction of Medical Park at Riverside, a two-phase medical office complex located at 4234 and 4224 Riverwalk Parkway in Riverside. The project consists of two Class A medical office buildings totaling 66,000 square feet and offering offices ranging in size from 1,000 to 19,500 square feet.

August 19, 2008

Office Southeast

OPERATIONS AND DATA CENTER COMING SOON TO TAMPA AIRPORT

by admin August 18, 2008

TAMPA, FLA. — Hardin Construction Co. will design and construct the 7,500-square-foot Tampa International Airport IT Operations & Data Center at the Tampa airport for the Hillsborough County Aviation Authority. When complete in the fall of 2009, the property will serve as the main communications hub and house server and monitoring rooms, administrative offices, work and training spaces and a conference room. Tampa-based Urban Studio Architects will provide design services. Construction is planned to start in February 2009.

August 18, 2008

Northeast Office

JONES LANG LASALLE NEGOTIATES 310,000-SQUARE-FOOT OFFICE LEASE

by admin August 18, 2008

STAMFORD, CONN. — The New York office of Jones Lang LaSalle has negotiated a 310,000-square-foot direct lease at the Long Ridge Corporate Center campus in Stamford. Located at 120 Long Ridge Rd., the office building will be fully occupied by General Reinsurance Corp. (GRC), which signed a 20-year agreement. GRC is set to occupy the building in late 2009, when it will relocate from its current headquarters in the Financial Centre building at 695 E. Main St. in Stamford. The Long Ridge Road property will be renovated and modernized once the lease expires in December for the building’s current tenant, General Electric Corp. The tenant was represented by Brian Higgins, Jay Koster and Chris Kraus of Jones Lang LaSalle. The landlord, Building & Land Technology, was represented in-house by Carl Kuehner and Paul Kuehner.

August 18, 2008

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