Office

PCCP Provides $43.4M Loan to Refinance 253,985 SF Office Building in Suburban Philadelphia

by Amy Works March 7, 2016

WEST CONSHOHOCKEN, PA. — PCCP has provided a $43.4 million senior loan to Arden Group for the refinancing of an office building located at 100 and 200 Four Falls Corporate Center in West Conshohocken, a suburb of Philadelphia. Arden Group acquired the 253,985-square-foot asset in late 2013 and has since invested $2.5 million in renovations, including upgrades to the lobby, corridors and terraces, as well as a new conference center and other projects. The office building features two distinct six-story wings linked by a recently renovated six-story atrium lobby. Additionally, the building features 22,000-square-foot floor plates, a third-party managed conference facility, a full-service café, a substantial lobby and a multi-level subterranean parking garage. The building is currently 69 percent occupied by 27 tenants.

March 7, 2016

North Carolina Office Southeast

Dilweg Sells Two Office Buildings in Charlotte for $46.5M

by John Nelson March 7, 2016

CHARLOTTE, N.C. — The Dilweg Cos. has sold One and Two SouthPark Center in Charlotte’s SouthPark office submarket for $46.5 million. The buyer is CCP Commercial Real Estate, a private real estate investment firm based in Virginia Beach, Va. Dilweg purchased the properties in 2013 for $33.5 million. Built in 1973 and renovated in 2008, One SouthPark Center is located at 6060 Piedmont Row Drive S. The 10-story, 147,000-square-foot office building was 96 percent leased at the time of sale. Built in 1980 and renovated in 1992 and 2009, the five-story, 95,000-square-foot Two SouthPark Center was 95 percent leased at the time of sale.

March 7, 2016

Healthcare Office Texas

M&M Arranges Sale of 66,090 SF Tract of Land in Houston

by Haisten Willis March 7, 2016

HOUSTON — Marcus & Millichap has arranged the sale of Houston Medical Center Land, a 66,090-square-foot tract of land located in Houston. Gus Lagos and Evan Altemus of Marcus & Millichap’s Houston office marketed the property on behalf of the seller, an individual/personal trust. Houston Medical Center Land is located on Holly Hall Street.

March 7, 2016

Office Texas

Taeken Purchases 47 Acres in Houston for School Campus

by Haisten Willis March 4, 2016

HOUSTON — Taeken Ltd., a family limited partnership, has purchased 47 acres at 0 S. Main St. between Hiram Clarke Road and South Post Oak Road from S Main Ltd. The site will be the new campus for Saint Nicholas School and related developments to be announced. Linda Jones of Wilson-Jones Properties represented the seller. Mark Kidd Sr. and Mark Kidd Jr. of M Kidd Properties represented the buyer. Margot Heard founded Saint Nicholas School, currently operating at 1920 N. Braeswood Blvd. Classes at the new campus will begin in Fall 2018.

March 4, 2016

California Office Western

Telenav Relocates Office Space from Sunnyvale to Santa Clara

by Nellie Day March 4, 2016

SANTA CLARA, CALIF. — Telenav has relocated its office space from Sunnyvale to Santa Clara. The wireless, location-based services company has sublet 54,635 square feet from Avaya. It signed a five-year lease that will commence April 1. The new space is located at 4655 Great America Parkway. It is situated within a 318,000-square-foot, Class A office building that sits adjacent to the new Levi’s Stadium. Doug Sugimoto and Scott Dever of Cushman & Wakefield represented Avaya, a global provider of business collaboration and communications solutions.

March 4, 2016

Colorado Office Western

Computer Science Corp. Leases Space at Platte Airpark Center in Colorado Springs

by Nellie Day March 4, 2016

COLORADO SPRINGS, COLO. — Computer Science Corp. has signed a five-year lease for 4,948 square feet of space at Platte Airpark Center in Colorado Springs. The 137,900-square-foot, Class A office complex is located at 320-480 N. Wooten Road. The center is now 95 percent leased. CBRE’s Brad Bird, Martin Johnson and Jared May serve as the center’s leasing agents. The landlord is Fairbridge Properties.

March 4, 2016

Healthcare Loans New York Northeast Office

NorthMarq Capital Arranges $15M Refinance for Medical Office Building in New York

by Amy Works March 4, 2016

RYE, N.Y. — NorthMarq Capital has arranged $15 million in refinancing for a medical office building located at One Theall Road in Rye. Net leased to Westmed Medical Group, the 65,000-square-foot building features an on-site urgent care unit, an ambulatory surgery suite, a pharmacy and a tomography unit. Robert Ranieri of NorthMarq secured the 10-year loan for the undisclosed borrowers, which were represented by Jesse Krasnow and Mark Cohen of Riverbed Realty Advisors in the transaction.

March 4, 2016

Massachusetts Northeast Office

Colliers Negotiates Acquisition of 22,388 SF Office Property in Massachusetts

by Amy Works March 4, 2016

DEDHAM, MASS. — Colliers International has arranged the acquisition of an office building located at 910 Washington St. in Dedham. Whelan Associates purchased the 22,388-square-foot property from Middlesex Savings Bank for an undisclosed price. Additionally, Colliers brokered the building’s lease by Greater Boston Urology. Steven Woelfel, David Goodhue and Caleb Hudak of Colliers represented the buyer and tenant in the transactions. Garry Holmes and Dean Blackey of R.W. Holmes represented the seller in the deal.

March 4, 2016

Mixed-Use Multifamily New York Northeast Office Retail

Ariel Property Advisors Brokers $3M Sale of Central Harlem Mixed-Use Property

by Amy Works March 4, 2016

NEW YORK CITY — Ariel Property Advisors has arranged the sale of a mixed-use property located at 273 Lenox Ave. in Central Harlem. The four-story building sold for $3 million, or $811 per square foot. The approximately 3,699-square-foot property features two residential units and two commercial spaces. Jesse Deutch, Victor Sozio, Josh Berkowitz, Matthew Gillis and Josh Kwilecki of Ariel Property Advisors represented the seller, a private investor, while POG Real Estate Inc. procured the buyer, a private investor, in the deal.

March 4, 2016

Loans Massachusetts Northeast Office

Fantini & Gorga Secures $1.1M Loan to Refinance Office Building in Massachusetts

by Amy Works March 4, 2016

AUBURN, MASS. — Fantini & Gorga has arranged a $1.1 million loan for the refinancing of a multi-tenant office property located at 7 Midstate Road in Auburn. Situated on 1.4 acres, the 14,944-square-foot property is located at the entrance of the six-building, 141,000-square-foot Mid State Office Park. Derek Coulombe and Chris Miller of Fantini & Gorga represented the undisclosed borrower in the transaction.

March 4, 2016

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