REBusinessOnline

CBRE Global Investors Acquires Two Office Buildings in San Jose, California

SAN JOSE, CALIF. — CBRE Global Investors has purchased [email protected], a two-building office complex in San Jose. Terms of the transaction were not released. Totaling 368,702 square feet, the asset consists of two six-story buildings: 4353 North First St., a 181,042-square-foot property built in 2016, and 4453 North First St., a 187,660-square-foot building built in 2019. The buildings feature 14-foot to 16-foot slab-to-slab heights, expansive window lines, abundant light, lobbies and …

Ten Capital, Somerset Properties Acquire Office Building in Fort Lauderdale for $82.5M

FORT LAUDERDALE, FLA. — Ten Capital Management and Somerset Properties have acquired Bayview Corporate Tower, a 12-story, 413,833-square-foot office building in Fort Lauderdale. The buyer and sales price were not disclosed, but multiple media outlets report that Bridge Investment Group sold the asset to the buyers for $82.5 million. The asset was 89 percent leased at the time of sale to 21 tenants. Bridge has invested more than $4.8 million in base building improvements at Bayview Corporate …

Hydrite Chemical to Relocate Headquarters to Golf Parkway Corporate Center Near Milwaukee

BROOKFIELD, WIS. — Hydrite Chemical Co., a manufacturer and supplier of chemicals, has unveiled plans to move its headquarters to Golf Parkway Corporate Center in Brookfield near Milwaukee. Brookfield-based Hydrite will fully occupy a two-story office building spanning approximately 45,000 square feet. Irgens is the developer and owner. Kahler Slater is the project architect and CG Schmidt is the general contractor. A timeline for occupancy was not disclosed. Hydrite currently occupies a …

Marcus & Millichap Brokers Sale of 50,427 SF Gwynedd Office Park Near Philadelphia

LOWER GWYNEDD, PA. — Marcus & Millichap has brokered the sale of Gwynedd Office Park, a 50,427-square-foot property located in the Philadelphia suburb of Lower Gwynedd. The sales price was $6.8 million. Gwynedd Office Park, which was 98 percent leased at the time of sale, was built on 6.3 acres in 1980 and renovated in 2019. Craig Dunkle of Marcus & Millichap represented the buyer, and Craig Fernsler of KW Commercial Real Estate and Joshua Levin of Levin Commercial Real Estate …

CoffeeTech Industries to Open $56M Headquarters, Manufacturing Plant in Seguin, Texas

SEGUIN, TEXAS — CoffeeTech Industries, a supplier of cold- and hot-brewed instant coffee, will open a new facility in Seguin, a northeastern suburb of San Antonio, for its new office headquarters and primary manufacturing plant. The facility will span 112,000 square feet, will carry a price tag of roughly $56 million and is expected to bring about 90 new jobs to the area. The facility will be located on a 33.6-acre site just south of Interstate 10 and will have the capacity to produce about …

Colliers Brokers Sale of Eight-Building Office Portfolio Near Sacramento for $23M

SACRAMENTO AND GOLD RIVER, CALIF. — Colliers International’s Institutional Capital Markets team has arranged the sale of an eight-building office portfolio near Sacramento. Cook Endeavors acquired the asset from WHAL Properties for $23 million, or $139 per square foot. Totaling 170,000 square feet, the portfolio includes 11341 and 11335 Gold Express Drive, 11249 Gold Country Blvd. and 11211 Gold Country Blvd. in Gold River, as well as 800 Howe Ave., 3604, 3626 and 3620 Fair Oaks Blvd. in …

King Capital Investments Acquires 67,389 SF Atrium West Office Park in Tigard, Oregon

TIGARD, ORE. — King Capital Investments has purchased Atrium West Office Park, located at 9600 SW Oak St. in Tigard. New York-based HighBrook Investors sold the property for $9.8 million. Built in 1983 and fully remodeled, Atrium West Office Park features 67,389 square feet of office space. Zach Francis of Kidder Mathews represented the buyer in the

Infrastructure Design Firm Signs Office Lease at Frost Tower in Fort Worth

FORT WORTH, TEXAS — Infrastructure design firm HNTB Corp. has signed an office lease at Frost Tower, a 314,879-square-foot building in downtown Fort Worth. The property was completed in 2018 and offers a full-service restaurant, conference and event center, elevated outdoor patio areas and wine lockers. Seth Koschak and Cullen Donohue of Stream Realty Partners represented the landlord, Anthracite Realty Partners, in the lease negotiations. Sven Sykes, Brad Balke, Daniel Rudd and Billy …

NAI Robert Lynn Negotiates 26,418 SF Office Sublease for Veritex Community Bank in Dallas

DALLAS — NAI Robert Lynn has negotiated a 26,418-square-foot office sublease for Texas-based Veritex Community Bank at 12750 Merit Drive, a newly renovated building in North Dallas. Veritex Bank is expanding its footprint in Dallas, and the new space will accommodate about 150 of the company’s 700 total employees. Amenities at the property include a conference center, fitness center, tenant lounges and a deli. Kent Smith of NAI Robert Lynn and Dan Boyles of NAI Partners’ Houston office …

Parent Company of Blue Cross & Blue Shield Illinois Signs 103,533 SF Office Lease in Chicago

CHICAGO — Health Care Service Corp. (HCSC), the parent company of Blue Cross & Blue Shield of Illinois, has signed a 103,533-square-foot office lease at Mural Park in Chicago. Located at 920 W. Cullerton St., the two-building office project is now 63 percent leased. Mural Park is a redevelopment of two historic 100,000-square-foot industrial loft buildings in Chicago’s Pilsen neighborhood. It was completed in January 2019. HCSC will fully occupy one of the buildings and join existing …

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