Office

Reed Construction Completes Corporate Headquarters for Medline in Northfield, Illinois

by Kristin Harlow March 1, 2017

NORTHFIELD, ILL. — Reed Construction has completed construction of the new corporate headquarters for Medline Industries Inc. in Northfield, approximately 20 miles north of Chicago. Medline is a global medical supply manufacturer and distributor, providing products and clinical solutions to hospitals, physician offices, ambulatory surgery centers, nursing homes, home care and retail. Renovations encompassed more than 530,000 square feet in the space that formerly housed Kraft Food’s corporate headquarters. The property is located at 3 Lakes Drive. MB Real Estate and Medline selected Reed Construction to complete the project, which included an interior demolition and rebuild of the large existing space. The workspace areas include both open layouts and private offices. The space also features a large break area, cafeteria and various meeting and breakout rooms for employee use. More than half of the employees formerly located at One Medline Place in Mundelein, Ill. made the move to the new headquarters. The former campus will remain open. Jason Gunderson of Reed Construction led the project, along with Chris Ashman, Kari Hanson, Jay Crane and Michael Whited. Partners by Design provided architectural services. MB Real Estate served as the owner’s representative.

March 1, 2017

New Jersey Northeast Office

Broadridge Financial Solutions Leases 160,000 SF Office Space in Downtown Newark

by Amy Works March 1, 2017

NEWARK, N.J. — Broadridge Financial Solutions has signed a long-term lease for approximately 160,000 square feet of office space at 2 Gateway Center in downtown Newark. Broadridge provides communications, technology, managed services, data and analytics solutions to financial firms in capital markets. Dudley Ryan, Cheryl Hardt and Kadeem Goodall-Reid of CBRE represented the landlord, C&K Properties, while Paul Amoruso and Michael Ciotta of Oxford & Simpson Realty Services represented the tenant in the lease transaction.

March 1, 2017

Loans Office Western

LaSalle, Pacshore Partners Receives $89.2M in Financing to Acquire LA Creative Office Portfolio

by Nellie Day February 28, 2017

LOS ANGELES — A joint venture between LaSalle Investment Management & Pacshore Partners has received $89.2 million in acquisition financing for a three-building creative office portfolio in West Los Angeles. The portfolio contains a total of 215,261 square feet of Class A office space in Playa Vista and Malibu. Brad Zampa, Mike Walker and Megan Woodring of CBRE Capital Markets’ Debt & Structured Finance team secured the five-year, non-recourse, floating-rate financing. A life company provided the capital.

February 28, 2017

Northeast Office Pennsylvania

M&J Wilkow, DRA Advisors Acquire 467,843 SF Office Tower in Pittsburgh

by Amy Works February 28, 2017

PITTSBURGH — M&J Wilkow, in a joint venture partnership with DRA Advisors, has acquired 11 Stanwix Street, an office tower located on the southwest edge of Pittsburgh’s Golden Triangle. The 24-story tower features 467,843 square feet of Class A office space. Commonwealth of Pennsylvania, KeyBank and HDR Engineering, among others, currently occupy the building. M&J Wilkow Properties will serve as the building’s manager, while JLL will represent the new ownership for all leasing activity. The name of the seller and acquisition price were not released.

February 28, 2017

New Jersey Northeast Office

American Water Works Breaks Ground on New Headquarters in Camden, New Jersey

by Amy Works February 28, 2017

CAMDEN, N.J. — American Water Works Co. has broken ground for the company’s new headquarters at One Water Street at the master planned Camden Waterfront in Camden. Slated for completion in late 2018, the five-story, 220,000-square-foot property will house more than 600 employees, consolidating four locations in Southern New Jersey. Robert A.M. Stern Architects is serving as architect, while Gensler is designing the interior of the building. Liberty Property Trust is developing Camden Waterfront, a mixed-use neighborhood.

February 28, 2017

Office Texas

Marcus & Millichap Arranges Sale of 77,449 SF Office Building in Metro Dallas

by Taylor Williams February 28, 2017

RICHARDSON, TEXAS — Marcus & Millichap has brokered the sale of Two Mission Park, a 77,449-square-foot property, Class B office space in Richardson, a northern suburb of Dallas. Located at 1202 Richardson Drive near Central Expressway, the four-story building, built in 1980, was 63 percent occupied at the time of sale. Ron Hebert of Marcus & Millichap represented the seller and procured the buyer. Both parties requested anonymity.

February 28, 2017

Midwest Office Wisconsin

Chase Tower Parking Garage Undergoes $5M Renovation in Milwaukee

by Kristin Harlow February 28, 2017

MILWAUKEE — The Chase Tower parking garage, located at 525 N. Water St. in downtown Milwaukee, has undergone renovations in excess of $5 million and is now under the management of Secure Parking USA. The Farbman Group, based in Southfield, Mich., owns the garage, which consists of 738 parking spaces and covered walkways that connect it to The Shoppes of Grand Avenue, Marriott Residence Inn, Riverside Theater and a number of eateries. As part of the revitalization, the parking garage received structural upgrades; a brand new parking access system; new and improved lighting; as well as new signage, including updated A frames, direction signs, entrance signs and exterior signs. Directly connected to the parking garage, Chase Tower is currently undergoing renovations as well. The common areas on the first and second floor will include all new seating areas.

February 28, 2017

Office Texas

Colliers Arranges Office Lease for Tech Company in Downtown Dallas

by Taylor Williams February 28, 2017

DALLAS — Colliers International Group Inc. has arranged a new 17,000-square-foot lease at 717 Harwood, a 34-story office building in downtown Dallas. The tenant, Quorum Business Solutions, a Texas-based technological consulting company, will use the space as its new corporate headquarters. David Quisenberry, John Conger and Lindsey Wolcott of Colliers represented the property owner, World Class Capital Group. Kyle Kelley and Frank McCafferty of Savills Studley represented Quorum Business Solutions in the deal

February 28, 2017

Michigan Midwest Office

Signature Associates Arranges Sale of Four Office Buildings in Ann Arbor Commerce Park

by Kristin Harlow February 27, 2017

ANN ARBOR, MICH. — Signature Associates has arranged the sale of four office buildings in Ann Arbor Commerce Park. The sales price was not disclosed. The buildings total 115,104 square feet and are located at 4220 Varsity Drive, 1050 Highland Drive, 1665 Highland Drive and 1777 Highland Drive. M.V. Ventures LLC purchased the buildings and now owns six buildings within the park. Jay Chavey and Bruce Morrison of Signature Associates represented the seller, CSFB 2005-C6 Highland Industrial LLC.

February 27, 2017

Georgia Loans Office Southeast

New York Life Insurance Provides $38.8M Loan for Two-Building Office Complex in Atlanta

by John Nelson February 27, 2017

ATLANTA — New York Life Insurance Co. has provided a $38.8 million loan for One and Two Perimeter Plaza, a two-building office complex located at 5605 and 5607 Glenridge Drive N.E. in Atlanta’s Central Perimeter office submarket. The recently renovated office buildings total 316,734 square feet and feature covered building access, structured parking, an exterior patio with barbeque grills, café, conference facility and a fitness center. The 11-story One Premier Plaza and the seven-story Two Premier Plaza were 81.4 percent leased at the time of sale to tenants such as McGriff, Siebels & Williams, Mozley, Finlayson & Loggins, FirstPRO, JMG Realty, Peachtree Hotel Group and The Gap. Ed Coco and Matt Casey of HFF arranged the floating-rate, three-year loan through New York Life on behalf of the borrower, Zeller Realty Group.

February 27, 2017

Newer Posts

Older Posts