COLUMBIA, S.C. — NAI Avant has arranged a 5,400-square-foot office lease in downtown Columbia. The Mariner Group has relocated its headquarters to the TD Bank Building located at 1501 Main St. Mariner is a provider of maritime situational awareness and response management solutions and services. Paul Hartley, Roger Winn and Paul Paschal of NAI Avant represented Mariner in the transaction.
MIAMI, FLA. — Binswanger-Gateway has arranged a 20,600-square-foot office lease for Compass, a residential real estate brokerage firm. Compass will occupy the penthouse in the Art Deco building, located at 605 Lincoln Road in Miami Beach, for 10 years. The historic 72,000-square-foot building was constructed in 1936 by architect Robert E. Collins and was the former home of Sony Music. Pedro Garcia and Zach Binswanger of Binswanger-Gateway brokered the transaction. Lincoln Road Penthouse LLP is the landlord and was represented by Gordon Messinger of Cushman & Wakefield.
CHESTERFIELD, MO. — Rabo AgriFinance has signed a lease to occupy 62,500 square feet of office space at Delmar Gardens III in Chesterfield, Mo., once the building is completed in the summer of 2017. The five-story, 125,000-square-foot Class A office building is currently under construction along I-64/Highway 40 in the heart of St. Louis County. Delmar Gardens III is the first Class A, multitenant office building to be constructed in West St. Louis County since 2008. Rabo AgriFinance, a financial services provider for agricultural producers and agribusinesses, will relocate its headquarters from Creve Coeur Pointe to Delmar Gardens III. The building will include a fitness center, café and free covered garage parking. David Kelpe and Hassan Jadali of Cushman & Wakefield represented Delmar Gardens, the building owner, in the transaction. Kevin Bittmann of CBRE represented Rabo AgriFinance.
LOS ANGELES — Est4te Four has purchased a 44,547-square-foot office building in Los Angeles for $21.6 million. The building is located at 929 East 2nd St. The acquisition includes additional land for development. Est4te Four plans to add more floors on top of the existing structure so it can redevelop the space into a hub with a retail component for the creative industry. The redevelopment is scheduled to commence next year.
CERRITOS, CALIF. — A private buyer has purchased Carmenita Corporate Plaza, a 68,779-square-foot office building in Cerritos, for $19.7 million. The property is located at 13340 E. 183rd St. It is fully leased to Infinity Property & Casualty Corp. Ryan Swanson and Chris Conway of Lee & Associates Irvine represented the buyer. CBRE’s Kevin Shannon, Paul Jones and Blake Bokosky represented the seller, Cohen Asset Management Inc..
SPOKANE, WASH. — DPGB-WA-1 LLC has purchased the Red Lion Headquarters Building, a 100,362-square-foot office building in Spokane, for $12.3 million. The property is located at 201 W. North River Drive. It is situated along the Spokane River’s north bank. David Peterson of Goodale & Barbieri and Chris Johnson and MaryKay West of NAI Norris, Beggs & Simpson represented the sellers, 201 North River LLC and Red Lion Hotels LP. Peterson also represented the buyer.
NEW YORK CITY — HFF has arranged $89 million in refinancing for a retail and office building located at 401 W. 14th St. in the Meatpacking District. MetLife provided the borrower, Taconic Investment Partners, with a 15-year, interest-only, fixed-rate loan. The four-story building is 100 percent leased to Hugo Boss, The Kooples, Apple Inc. and Raptor Capital Management. HFF secured the financing on behalf of the borrower.
COLLINSVILLE AND CUSHING, OKLA. — Stan Johnson Co. has completed the sale of a portfolio leased to Victory Energy. Triple Net Acquisitions purchased the portfolio for $9.3 million in Oklahoma. The site in Collinsville includes Victory Energy’s Class A corporate headquarters. The property in Cushing operates as a manufacturing and distribution facility. Both Victory Energy properties are located in metro Tulsa, an area that accounts for nearly one-third of the manufacturing in Oklahoma and over 56,000 energy-related jobs. The sale-leaseback proceeds will support Victory Energy’s plan for an additional 101,000-square-foot facility. Camille Renshaw of Stan Johnson Co.’s New York office represented the seller in the sale of the portfolio.
AUSTIN, TEXAS — Tony Talamas of BMC Capital’s Houston office has arranged a $6 million loan for the cash-out refinancing of a single-tenant property leased to a credit tenant in Austin. The loan was placed with one of BMC Capital’s correspondent CMBS relationships. The non-recourse loan features a 10-year, fixed-rate term with a 4.96 percent interest rate and 30-year amortization schedule.
COON RAPIDS, MINN. — Fairbridge Properties has sold a 261,805-square-foot flex facility in Coon Rapids, a northern suburb of Minneapolis, for $14 million. The industrial and research facility is located at 8840-8880 Evergreen Blvd. and is occupied by Honeywell Aerospace and MEDRAD. Shopoff Realty Investments purchased the property. Fairbridge realized an internal rate of return of 75 percent. After obtaining ownership of the building in 2013, Fairbridge made renovations including repainting the building’s exterior, replacing windows, resurfacing a portion of the parking lot and retrofitting the parking lot lighting. Fairbridge sold the property as part of a 1031 exchange, and the company is in the process of identifying a new investment to complete the exchange.