Office

HFF Arranges $33.5M in Financing for Data Center and Office Complex in Metro Houston

by Katie Sloan September 9, 2015

MONTGOMERY, TEXAS — Holliday Fenoglio Fowler (HFF) has secured $33.5 million in senior financing in conjunction with the recapitalization of Westland Bunker, a 2N data center and office complex located in the Houston suburb of Montgomery. Colby Mueck of HFF worked on behalf of the borrower, Houston Bunker LLC, to place the loan with Sovereign Bank and Hillcrest Bank. Westland Bunker is situated on a 50-acre campus at 550 Club Drive and consists of a 19,116-square-foot, two-story underground data center and a four-story 61,086-square-foot office building. A 2N power redundancy means that the data center has double the amount of equipment needed.

September 9, 2015

Port San Antonio Begins $9M Road Extension

by Katie Sloan September 9, 2015

SAN ANTONIO — The City of San Antonio’s Transportation and Capital Improvements Department has begun demolition of several obsolete buildings totaling over 40,000 square feet at Port San Antonio, a redevelopment of the former Kelly Air Force base, to extend portions of 36th Street by an additional half mile toward the south. Upon completion in late 2016, the new road will intersect with General Hudnell Drive, providing the 1,900-acre property with additional road connections in support of growing logistics activity. The road will now end near the aircraft maintenance workshop facilities and Air Force headquarters operations where the majority of the Port’s 12,000 daily commuters work. The road extension will support the future development of industrial and mixed-use sites in the heart of the property.

September 9, 2015

Healthcare Office Texas

Henry S. Miller Cos. Arranges Three Medical Office Leases in North Texas

by Katie Sloan September 9, 2015

DALLAS — Dallas-based Henry S. Miller Cos. has arranged three medical office leases totaling approximately 19,000 square feet in North Texas. Transactions include the lease of 5,738 square feet to KRK Research Group at Arlington Medical Plaza located at 801 Road to Six Flags in Arlington; the lease of 4,453 square feet to Liberty At Home Dialysis at Red Bird Office Park located at 5565 Red Bird in Dallas; and the lease of an 8,790-square-foot medical clinic to GDC Partners at Avalon Town Center in Glandbury. Jim Turano of Henry S. Miller Cos. represented the landlord of Arlington Medical Plaza, Liberty At Home Dialysis and GDC Partners in the three separate transactions. John Pelitier and Dave Cochran of E. Smith Realty represented KRK Research Group; Andrew Gilbert of Holt Lunsford represented the landlord of Red Bird Office Park, 5565 Red Bird LP; and Kornel Romada of NAI Robert Lynn represented the landlord of Avalon Town Center, WREE Avalon LLC, in the lease negotiations.

September 9, 2015

Office Washington Western

PMF Investments Buys Homeport Building and Marina in Kirkland for $28M

by Nellie Day September 9, 2015

KIRKLAND, WASH. — PMF Investments has purchased the Homeport Building and Marina in Kirkland for $28 million. The office property is located at 135 Lake St. The Homeport Building is one of only a few office marina investments existing on Lake Washington, according to Kidder Mathews, which brokered the sale. The firm’s Jason Rosauer, Andy Miller and Rob Anderson represented the seller, Westwater Development.

September 9, 2015

Office Texas

InfusionDev Corp. Leases 9,809 SF at Town Centre I

by Katie Sloan September 8, 2015

HOUSTON — InfusionDev Corp. has leased 9,809 square feet at Town Centre I located at 750 Town & Country Blvd. in Houston. Bob Cromwell and Kevin Nolan of Moody Rambin represented the building owner, Town Centre Partners Ltd., and Kristen Rabel and Weldon Martin of CBRE represented the tenant in lease negotiations.

September 8, 2015

Office Texas

Transwestern to Lease and Manage Comerica Bank Building

by Katie Sloan September 8, 2015

SUGAR LAND, TEXAS — Transwestern has been selected by Equus Capital Partners Ltd. to lease and manage the Comerica Bank Building, a 193,998-square-foot office building located at 1 Sugar Creek Center Blvd. in Sugar Land. Doug Little and Louann Pereira of Transwestern will provide leasing services for the complex. The building’s amenities include surface parking and an attached four-level parking garage, a deli and full-service banking facility.

September 8, 2015

Healthcare Loans Mixed-Use Multifamily New York Northeast Office Retail

Madison Realty Capital Provides $107.2M Acquisition Financing for 357,000 SF Portfolio

by Amy Works September 8, 2015

NEW YORK CITY — Madison Realty Capital has provided $107.2 million in first mortgage financing for the first phase of Fortis Property Group’s acquisition of the Long Island College Hospital (LICH) real estate portfolio in Brooklyn. Collateral for the loan is a mix of former LICH properties comprising 357,000 square feet of retail, medical office and residential space, as well development sites. The properties are located at 91-95 Pacific St., 350-352 Hicks St., 349 Henry St., 112 Pacific St., 82 Amity St., 84 Amity St., 124-134 Atlantic Ave., 113 Congress St., 336 Flatbush Ave. and 184 Sterling Place. Madison Realty provided Fortis with a flexible financing solution to facilitate the acquisition, which is the culmination of a complex, multi-party deal related to the LICH portfolio. David Harte of Ackman-Ziff represented Fortis in the transaction.

September 8, 2015

Connecticut Northeast Office

O,R&L Commercial Brokers Sale of 15,570 SF Office Building in Connecticut

by Amy Works September 8, 2015

ROCKY HILL, CONN. — O,R&L Commercial has brokered the sale of an office building located at 2264 Silas Denne Highway in Rocky Hill. The 15,570-square-foot property sold for $610,000. The buyer, NAJO92 Holdings LLC, plans to use the property for its various businesses. Robert Gaucher of O,R&L Commercial represented the seller, 264 SDH LLC, in the transaction. The buyer was self-represented.

September 8, 2015

Illinois Midwest Office

Leopardo Breaks Ground on 315,000 SF Office Tower in Illinois

by Amy Works September 8, 2015

ROLLING MEADOWS, ILL. — Leopardo Cos. Inc. has broken ground on the recladding and renovation of an office tower in Rolling Meadows. The 11-story, 315,000-square-foot office building is located at 2850 Golf Road. When complete in the first quarter of 2017, the modernized building will become the global corporate headquarters of Arthur J. Gallagher & Co., which will relocate from Itasca, Ill. Leopardo is serving as general contractor in collaboration with Wright Heerema Architects.

September 8, 2015

Healthcare Midwest Minnesota Office

Davis Group Acquires 33,724 SF Property for Medical/Office Development

by Amy Works September 8, 2015

MINNEAPOLIS — Davis Group has acquired 6009 Wayzata Blvd. in Minneapolis for a future medical/office development. Westside Office Park LLC sold the property for $3.2 million. The 33,724-square-foot property consists of office and auto sales space. The acquisition is part of an assemblage of land acquired by Davis Group for its medical/office development. Robert Bayer, Dale Severson and Rafik Moore of Coldwell Banker Commercial Griffin Cos. represented the seller in the transaction.

September 8, 2015

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