Office

New College of Business Building Opens at University of Dallas

by Haisten Willis January 19, 2016

DALLAS — SB Hall, the new home of the Satish & Yasmin Gupta College of Business at The University of Dallas, is now open. The Beck Group built the 46,000-square-foot building, while Perkins+Will designed it. SB Hall is situated on the top of a hill on the northwest side of campus with views of Downtown Dallas and Las Colinas. The building includes nine lecture rooms, a production studio, financial markets lab and dozens of study nooks, alcoves, lounges and gathering places. A main floor atrium, which opens to the second level, includes a glass curtain wall system. The space is designed to allow reconfiguration as the campus population as its needs change. The facility is pursuing LEED certification.

January 19, 2016

SkyWalker Sells 75,679 SF Westpark Centre in Metro Dallas

by Haisten Willis January 19, 2016

EULESS, TEXAS — In an off-market transaction, SkyWalker Property Partners has sold the 75,679-square-foot Westpark Centre in Euless to an Atlanta-based fund targeting government-leased properties. It is the fund’s first acquisition in North Texas and second in the state. The GSA occupies 52 percent — 39,506 square feet — of the three-story office building located at 150 Westpark Way. Shane Benner of Coldwell Banker Commercial Alliance sourced the buyer, RP CBP Euless, and was the sole broker for the all-cash transaction. SkyWalker purchased Westpark Centre in 2008. The 4.3-acre property is located off Airport Freeway and TX 121, near Dallas/Fort Worth International Airport. Westpark Centre has been leased and managed since 2008 by Arlington-based CBCA DFW, formerly SCM Real Estate Services.

January 19, 2016

Office Texas

Moody Rambin Arranges Sale of Office Property in Houston

by Haisten Willis January 19, 2016

HOUSTON — Jim Autenreith and Dan Nguyen of Moody Rambin represented a private seller in the sale of 3229 Navigation Blvd., a 20,898-square-foot freestanding office warehouse property in Houston. James Womack of Property Brokerage of Texas represented the purchaser, a private investor.

January 19, 2016

Waters-Ridge-Tech-I-Lewisville-1955-Lakeway-Drive

Office Texas

Younger Partners Arranges Office Lease in Metro Dallas

by Haisten Willis January 19, 2016

LEWISVILLE, TEXAS — Presidio Inc. has extended its lease of 34,656 square feet and expanded by an additional 5,601 square feet at Waters Ridge Tech I in Lewisville, located at 1955 Lakeway Drive. Stuart Smith of DTZ represented the tenant in the lease transaction. Heather Shover, Kathy Permenter and Sean Dalton at Younger Partners represented the landlord.

January 19, 2016

Office Southeast Tennessee

Colliers Brokers $2.8M Sale of Historic Office Building in Downtown Nashville

by John Nelson January 19, 2016

NASHVILLE, TENN. — Colliers International has arranged the $2.8 million sale of a historic four-story office building located at 227 2nd Ave. North in downtown Nashville. Built in 1911, the fully renovated property is located adjacent to the upcoming 21c Museum Hotel. The buyer, Tennessee-based 227 2nd Avenue North LLC, plans to repurpose the property as apartment residences with ground-floor retail space. Vickie Saito of Colliers International’s Nashville office represented the seller, local real estate investor Scott Chambers, in the transaction.

January 19, 2016

Michigan Midwest Office

NAI Arranges Purchase of 60,000 SF Office Property in Grand Rapids

by Christina Cannon January 19, 2016

GRAND RAPIDS, MICH. — NAI Wisinski of West Michigan represented Applied Imaging in the acquisition of a 60,000-square-foot office building in Grand Rapids. Applied Imaging will move its headquarters to the facility located at 5555 Glenwood Hills Parkway SE. Applied Imaging sells and services copiers, printers, document storage and retrieval products and provides network services and software solutions. The company currently occupies 25,000 square feet at 5282 E. Paris Ave. SE. Applied Imaging has occupied its current facility since 1999 and expects to move to the new location this summer. Stu Kingma and Jim Badaluco of NAI Wisinski of West Michigan represented Applied Imaging in the transaction. The new location will include a customer loyalty center, showrooms and service dispatch.

January 19, 2016

Loans Mixed-Use New York Northeast Office Retail

HFF Secures $13.6M Acquisition Loan for Tribeca Mixed-Use Property

by Amy Works January 18, 2016

NEW YORK CITY — HFF has secured $13.6 million in acquisition bridge financing for a 17,615-square-foot mixed-use property located at 315 Broadway in Manhattan’s Tribeca neighborhood. The borrower, United American Land, plans to used the loan to reposition the property into a boutique office building with high-quality retail space on the ground floor. The five-story loft property has 13,900 square feet of office space, 3,715 square feet of ground-floor retail space and approximately 23,401 square feet square feet of unused air rights. Steven Klein and Geoff Goldstein of HFF arranged the four-year, floating-rate loan through Peoples United Bank.

January 18, 2016

Mixed-Use Multifamily New York Northeast Office

Cushman & Wakefield Arranges $2.5M Sale of Mixed-Use Property in Brooklyn

by Amy Works January 18, 2016

NEW YORK CITY — Cushman & Wakefield has arranged the sale of a mixed-use property located at 199 Malcolm X Blvd. in Brooklyn’s Bedford-Stuyvesant neighborhood. The asset sold for $2.5 million, or $534 per square foot, in an all-cash transaction. The 4,836-square-foot, three-story building features five three-bedroom apartments and two retail units. Michael Amirkhanian of Cushman & Wakefield represented the undisclosed seller in the transaction. The name of the buyer was not released.

January 18, 2016

Georgia Office Southeast

IPA Arranges $15M Sale of Office Building in Alpharetta

by John Nelson January 18, 2016

ALPHARETTA, GA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $15 million sale of Woodside Terrace, a 123,672-square-foot, Class A office building located at 3755 Mansell Road in Alpharetta, a northern suburb of Atlanta. Ravi Zacharias International Ministries purchased the office building from the undisclosed seller. Built in 1998, Woodside Terrace is a five-story, midrise office property that features masonic construction, two atriums, ribbon windows, a parking field, café, lakeside patio area and a fitness center. Bob Johnson, Gary Lee, Paul Johnson and Korey Prefontaine of IPA represented the buyer and procured the seller.

January 18, 2016

Mixed-Use Multifamily Office Retail Texas

Trammell Crow, MetLife Break Ground on Park District in Dallas

by Haisten Willis January 18, 2016

DALLAS — Trammell Crow Co. and MetLife have begun construction on Park District in the heart of downtown Dallas, the Arts District, Uptown and Klyde Warren Park. The two-tower mixed-use development spans more than 900,000 square feet of Class A office space, restaurants and residences. The 20-story office tower, PwC Tower at Park District, will feature 500,000 square feet of Class A office space with 7,000 square feet of ground-floor retail. PricewaterhouseCoopers (PwC), a global professional services firm providing assurance, tax and advisory services, is the building’s anchor tenant, occupying 200,000 square feet on floors 12-19. The tower features fitness facilities, outdoor common spaces, on-site banking and a valet. The lobby will include a conference center, executive lounge and a “great room” for tenants to use as an alternative workspace. Trammell Crow’s residential subsidiary, High Street Residential, is developing the 33-story Residences at Park District, which will feature 253 units and 13,000 square feet of retail space fronting Klyde Warren Park. Residents will have access to an amenity deck with a pool overlooking the park and the Dallas skyline, a fitness center, valet and concierge services. The retail space will have 20-foot floor-to-floor glass on two levels providing the second …

January 18, 2016

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