BROOKFIELD, WIS. — CBRE has arranged a 5,202-square-foot office lease renewal in Brookfield, approximately 13 miles west of Milwaukee. Lueder Financial Group LLC renewed the office space located at 20300 Water Tower Blvd. from Janesville LLP, the landlord. Lueder Financial Group is part of Northwestern Mutual. Matt Cariello, Bill Bonifas and Matt Hunter of CBRE represented the tenant in the transaction.
STERLING, VA. — RREEF Property Trust Inc. has purchased Loudoun Gateway I, a Class A, 102,015-square-foot office building in Sterling, for $22 million. This is RREEF Property Trust’s first acquisition in the Washington, D.C., metropolitan area. Loudoun Gateway I is located three miles north of Washington Dulles International Airport at the intersection of Route 28 and Old Ox Road (Route 606). RREEF Property Trust is a publicly traded REIT sponsored and advised by RREEF America LLC, a division of Deutsche Bank.
AUSTIN, TEXAS — TrendKite has leased 6,507 square feet at 800 Brazos St., an office tower in Austin. Jason Steinberg and Matt Levin with Equitable Commercial Realty (ECR) represented the landlord, and Cortland Lowe with HPI represented the tenant.
HOUSTON — Jeffrey Roberts has joined the HFF firm as a chief information officer (CIO) in its Houston office and will be a member of the firm’s leadership team. In this role, Roberts will lead HFF’s information technology (IT) department and strategic technology vision for the firm and manage all aspects of the company’s IT strategy and operations. Roberts has more than 20 years of technology experience running global IT operations for leading corporations. Prior to joining HFF, he was the CIO at Carriage Services (NYSE: CSV), the world’s third-largest holding company of funeral homes and cemeteries. Before joining CSV, he worked as the CIO at Situs, a global commercial real estate advisors/servicer; Saxon Mortgage, a division of Morgan Stanley; and Litton Loan Servicing, a Goldman Sachs company. Roberts holds an executive leadership certificate from Rice University and is a graduate of the University of Tulsa.
BOSTON — Affiliates of Boston-based Rockpoint Group LLC have acquired 99 Summer Street, an office and retail building located in Boston. Cornerstone Real Estate Advisers sold the 20-story property for an undisclosed price. The 270,000-square-foot Class A building was 95 percent occupied at the time of sale. The property will be managed by a Rockpoint affiliate, Rockhill Management, which provides property management and related services for investments made by Rockpoint-sponsored funds.
MANCHESTER, N.H. — Brady Sullivan Properties, in partnership with the Anagnost Companies, has acquired three mixed-use properties in Manchester for $4.2 million. The properties include 75, 85 and 95 Faltin Drive, which were part of the former Osram Sylvania complex. The three assets offer more than 51,000 square feet of office, warehouse and flex space. Building 1 includes 18,625 of office and warehouse space; building 2 consists of 15,405 square feet of office and warehouse space with loading docks; and building 3 is a 17,605-square-foot warehouse property with 10 loading docks and 16-foot high ceilings. Charles Panasis of Brady Sullivan Properties negotiated the transaction. The name of the seller was not released.
MINNEAPOLIS — Golub & Co. and Oaktree Capital Group LLC have acquired RSM Plaza in downtown Minneapolis for an undisclosed price. The building, formerly known as McGladrey Plaza, is a 415,000-square-foot office tower. The duo also acquired an 850-stall parking garage at the corner of 8th Street and Nicollet Avenue. The asset was purchased from United Properties and the building represented the largest company-owned asset that United Properties has sold in its nearly 100-year history. Tenants in the RSM Plaza include RSM (formerly McGladrey), Amec Foster Wheeler, Unilever, the Clorox Company, Abbott Nutrition, Portico Benefits, First American Title Insurance Co., Panera Bread and Barnes & Noble. Golub and its partners plan to conduct a $10 million renovation, which is slated for completion in mid-2017. The renovation will include improvements to the building common areas as well as the addition of amenities such as a fitness center, conference center, tenant lounge and improvements to the parking garage and retail areas. Scott Pollock of Cushman & Wakefield/NorthMarq represented United Properties in the transaction. Adam Short of Cushman & Wakefield/NorthMarq represented the Golub acquisition team.
HARTFORD, WIS. — Siegel-Gallagher has arranged the sale of a 2,100-square-foot office building in Hartford, approximately 40 miles northwest of Milwaukee, for an undisclosed price. The Thomas L. Kissel and Ruth R. Kissel Revocable Trust sold the property known as the Kissel Law Office to an undisclosed buyer. The building is located a 6140 W. State Road 60. Devin Tessmer of Siegel-Gallagher brokered the transaction.
SAN FRANCISCO — HFF has arranged $144.3 million in financing for Centennial Towers, a 340,000-square-foot office building in South San Francisco. The 12-story tower is located at 1 Tower Place. The loan will be used to finance the Class A property’s acquisition and repositioning. Phase 3 Real Estate Partners will develop the project, converting the space into a science facility rebranded as Genesis. Centennial Towers is located within a one-mile radius of major biotech and life sciences companies like Genentech and Amgen. It offers easy access to Highway 101, which links downtown San Francisco to Silicon Valley. HFF’s Tim Wright, Todd Sugimoto and Zack Holderman originated the loan.
HANOVER, N.J. — Vision Real Estate Partners (VREP) and Rubenstein Partners are ahead of schedule and on budget for the construction of the MetLife Investments Global Headquarters at 67 Whippany Road in Hanover. The 185,000-square-foot, build-to-suit facility is situated adjacent to Bayer Healthcare’s East Coast headquarters. Designed to achieve LEED certification, the facility features an open floor plan with collaborative workspaces, breakout rooms, conference facilities, food court with indoor and outdoor seating, café, fitness center and ample parking. VREP and Rubenstein purchased the site, a former Alcatel-Lucent Campus, in 2010. The MetLife building anchors the redevelopment’s 100-acre South Campus component, with remaining 94 acres housing the 675,000-square-foot Bayer Healthcare facility.