JERSEY CITY, N.J. — SunGard Financial Systems LLC has signed a long-term lease for 41,061 square feet of space at Harborside Plaza 3 in Jersey City. The leading global financial software company will occupy the office space through 2023. Harborside offers 3.1 million square feet of Class A office space and first-class amenities, including retail, restaurants, a waterfront walkway and a Hyatt Regency hotel. Aaron Ellison and Tyler Vandergrift of Jones Lang LaSalle represented SunGard Financial, while Tom Savoca of Mack-Cali and Mark Ravesloot, Peter Turchin, David Opper, Gerry Miovski, Arkady Smolyansky and Suzanne Macnow of CBRE represented the landlord, Mack-Cali Realty Corp., in the transaction.
NAPERVILLE, ILL. — An affiliate of Equus Capital Partners Ltd. has acquired an office building located at 55 Shuman Blvd. in Naperville, a western suburb of Chicago, for an undisclosed price. The 205,282-square-foot MetroWest building was 92 percent occupied at the time of sale. Tenants include Wells Fargo, Dun & Bradstreet, Stanley Convergent Security Solutions and UPM Kymmene Inc. Paul Lundstedt, Dan Deuter, Tom Sitz and Cody Huntermark of CBRE represented the seller, a joint venture between Franklin Partners LLC and Bixby Bridge Capital LLC. The property was built in 1986 and is situated on 11.3 acres. The 10-story office building includes a front patio, outdoor putting green, fitness center, deli, conference room and 598 surface parking spaces. The acquisition was made on behalf of Equus Investment Partnership X LP.
ITASCA, ILL. — PREMIER Design + Build Group LLC has broken ground on a children’s pediatric medical office building in Lake in the Hills, a village in Itasca about 30 miles northwest of Chicago. The 5,118-square-foot building was commissioned by Children’s Medical Group S.C. and is slated to open in early 2016. The medical office will feature 12 patient exam rooms, two treatment rooms, a dedicated breastfeeding room and separate waiting and exam rooms for sick and well children.
WAUKESHA AND WAUWATOSA WIS. — Siegel-Gallagher has arranged two leases totaling 8,078 square feet in Southeast Wisconsin. Flexible Finance of Wisconsin LLC has leased 1,500 square feet of retail space from Garni Properties WI LLC. Sunset Retail Center is located at 530 W. Sunset Drive in Waukesha, approximately 20 miles west of Milwaukee. Devin Tessmer and Shaun Dempsey of Siegel-Gallagher arranged the transaction. In a separate leasing deal, Saint A Inc. will occupy 6,578 square feet of office space at the Forum, located at 3333 N. Mayfair Road in Wauwatosa, a western suburb of Milwaukee. Mayfair LLC is the landlord. Dan Walsh and John Dulmes of Siegel-Gallagher arranged the transaction.
ARLINGTON, TEXAS — Cityspace Real Estate, Inc. has purchased a 28,862-square-foot flex building in Arlington from Praktek Associates Brookhollow Associates. Zane Marcell and Hahn Franklin-Mitchell of Younger Partners represented the seller.
JACKSONVILLE, FLA. — International Management Co. (IMC) will break ground this week on a three-story, 62,751-square-foot office building located at 203 Fort Wade Road in Jacksonville. The property will be situated within the Fort Wade Road Office Park in Jacksonville’s Ponte Vedra/Nocatee submarket. Jacksonville-based IMC has selected CBRE as the landlord representative for the new building. Lou Nutter of CBRE will oversee the listing. IMC expects to complete the property by July 2016.
ROUND ROCK, TEXAS — W2 Real Estate Partners is set to move forward with a 400,000-square- foot, Class A office campus called Frontera Ridge. The development will be located on the last major land parcel within the 328-acre La Frontera mixed-use development, directly fronting State Highway 45 in Round Rock. The $100 million office project, which can be expanded to 800,000 square feet, is expected to receive both city of Round Rock and Texas Commission on Environmental Quality site development permits within the fourth quarter of this year. Frontera Ridge will target LEED Silver certification and will include a structured parking garage with five spaces per 1,000 square feet. Developer W2 has partnered with STG Design and TBG Partners to handle the architecture and land planning, respectively. The two buildings, designed with 40,000-square-foot floor plates, will rise five stories.
HOUSTON — HPI Holdings will expand its real estate portfolio with the purchase of a 34-building business park that offers nearly 865,000 square feet of office, warehouse and industrial space. The business park is located in north Houston along West Hardy Road near the North Sam Houston Tollway and the George Bush Intercontinental Airport. The park will also be renamed and renovated. Caldwell Brokerage Co. will handle leasing and property management for the park.
HOUSTON — HighStreet Net Lease Group, a Texas-based company specializing in the sale and acquisition of net leased investment properties, represented a Houston-based investor in the acquisition of a three-story office complex with retail on the ground floor. The 14,400-square-foot mixed-use building is located at 1305 Prairie St. in downtown Houston. Matt Moake of HighStreet represented the buyer. Fred Ghabriel of Bejjani & Associates represented the seller, a local partnership that owned the property for 30 years. The historic building was constructed in 1920 and was once the site of General Sam Houston’s home. The new owner plans to renovate the interior and exterior of the property. The property includes a surface parking lot.
DALLAS — NAI Robert Lynn represented JQ, a Texas-based structural and civil engineering firm, in the company’s move to the Dallas Design District. Last month, Commerce Street Partners and Commerce Street 2104 Partners, the real estate affiliates of JQ, sold their offices at 2105 Commerce St., a 13,500-square-foot building. JQ’s new offices at 100 Glass St. are being renovated and will provide more than double the space. The 31,000-square-foot building is located at the southeast corner of Levee and Glass streets. Merriman Associates/Architects Inc. is designing the interior of JQ’s new headquarters building. Nearly 100 employees will be moving to the new location before the end of the year. Sam Hocker and Jayson Montoya of the NAI Robert Lynn office division represented JQ in the sale of the firm’s downtown holdings and the purchase of 100 Glass St.