REBusinessOnline

Realty Capital, Staubach Break Ground on 138,000 SF Office Project in Metro Dallas

FLOWER MOUND, TEXAS — A partnership between Irving-based Realty Capital and Dallas-based Staubach Capital has broken ground on Lakeside International Office Center, a 138,000-square-foot office project in the northern metroplex city of Flower Mound. The project will consist of a 120,000-square-foot building and an 18,000-square-foot building with amenities such as a tenant lounge, coffee bar and a trail system connecting to the nearby Shops at Lakeside. IntelliCentrics, a healthcare …

Oilfield Testing Firm Signs 14,800 SF Office, Lab Lease in Metro Houston

KATY, TEXAS — Oilfield Testing & Consulting (OTC) has signed a 14,800-square-foot office and lab lease at Grandway West, an 85-acre development in Katy, a western suburb of Houston. Jordan Raney and David Buescher of JLL represented OTC in the lease negotiations. Rives Nolen, John Stavinoha and Steve Hazel of Insite Realty represented the landlord, Urban

Vella Group Acquires Boeing-Leased Office Asset Near Los Angeles for $50.8M

EL SEGUNDO, CALIF. — New York-based Vella Group has purchased a two-building office campus, located at 650 and 700 Pacific Coast Highway in El Segundo. A private family tenant-in-common sold the asset for $50.8 million. The eight-story property at 650 Pacific Coast Highway, built in 1962, features 121,484 square feet. The two-story building at 700 Pacific Coast Highway features 78,736 square feet. The site also includes 422 surface parking spaces. Boeing will occupy the entire …

NAI Capital Brokers $5.5M Sale of Medical Office Building in Southern California

LOS ALAMITOS, CALIF. — NAI Capital has arranged the sale a medical office building, located at 10921 Cherry St. in Los Alamitos. Nautica LLC sold the property to ABG Property 1 LLC for $5.5 million, or $759 per square foot. The three-story property features 7,250 square feet of medical office space. At the time of sale, Los Alamitos Medical Surgery Center and Ocean Pacific Surgery Center fully occupied the building. Steve Body and Grant Bullen of NAI Capital’s Investment Services …

NKF Brokers $12.8M Sale of Office Building in Edina, Minnesota

EDINA, MINN. — Newmark Knight Frank (NKF) has brokered the $12.8 million sale of Edina Business Plaza, an 84,380-square-foot office building in Edina. The three-story property is located at 7550 France Ave. South and was built in 1981. It is approximately 97 percent occupied. The anchor tenant is Coldwell Banker Burnet. Peter Tanis and John McCarthy of NKF represented the sellers, Edina Business Plaza LLC and SH Commercial Real Estate Services. Minneapolis-based Ackerberg Group purchased the …

Joint Venture Acquires 91,040 SF Office Building in Stamford, Connecticut for $33.5M

STAMFORD, CONN. — A joint venture between The Melohn Group and Drake Street Partners has acquired 181 Harbor Drive, a 91,040-square-foot office building in Stamford, for $33.5 million. The newly renovated building houses the headquarters of apparel retailer Vineyard Vines and is part of the 17-acre Shippan Landing waterfront office campus. Amenities at the campus include a beer garden, fitness center and a cafeteria, as well as volleyball, basketball and bocce courts. The seller was a …

Colliers Brokers $3.5M Sale of New Jersey Office Building

PARSIPPANY, N.J. — Colliers International has brokered the $3.5 million sale of a multi-tenant office building located at 140 Littleton Road in Parsippany, located west of Newark. Constructed in the mid-1980s, the building spans 30,459 square feet and is leased to companies in the finance, technology and medical sectors. Jacklene Chesler, Matthew Brown, Frank Summers of Colliers represented the buyer and the seller, both of which requested anonymity, in the transaction. The property was 95 …

Joint Venture Completes Value-Add Strategy for Charlotte Office Campus, Sells for $63M

CHARLOTTE, N.C. — A joint venture between Atlantic Creek Real Estate Partners, Origin Investments and Stream Realty has sold Cambridge Corporate Center, a 349,815-square-foot office campus in Charlotte, for $63 million. Lakestar Properties acquired the 50-acre campus for $180 per square foot. The joint venture acquired the property in 2014 for $44 million with a value-add strategy in place. Upgrades included adding 33,000 square feet of rentable office space; a two-story, 452-space parking …

NKF Negotiates 108,000 SF Office Lease Renewal in Houston’s Westchase Area

HOUSTON — Newmark Knight Frank (NKF) has negotiated a 108,000-square-foot office lease renewal at 3010 Briarpark Drive in Houston for Empyrean Benefit Solutions Inc., which is headquartered at the building. The nine-story, Class A property is located in the Westchase neighborhood. David Husid of NKF represented the tenant in the lease negotiations. The name and representative of the landlord were not

EDGE Realty Brokers Sale of 22,423 SF Office Building in Houston

HOUSTON — EDGE Realty Capital Markets has brokered the sale of a 22,423-square-foot office building located at 3808 World Houston Parkway in Houston 8. The property was built in 1999 on 2.8 acres and is located near several major thoroughfares, including Interstate 45 and Beltway 8. Micha Van Marcke and Chace Henke of EDGE represented the seller in the transaction. Other terms of sale were not

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