Office

CBRE | Raleigh Brokers Sale of Office Building in Metro Raleigh

by John Nelson December 23, 2015

CARY, N.C. — CBRE | Raleigh has brokered the sale of One Harrison Park, a three-story, 56,933-square-foot office building located in Cary, a suburb of Raleigh. Houston-based Griffin Partners purchased the property from Rosemont Realty LLC for an undisclosed price. Ben Kilgore of CBRE | Raleigh represented the seller in the transaction. The office building’s tenant roster includes Biosignia Inc.; Keyes, Fox & Wiedman LLP; and Leukemia & Lymphoma Society. Ed Pulliam and John Brewer of CBRE | Raleigh will continue leasing services for the building.

December 23, 2015

California Office Western

Boston Properties Sells Innovation Place in San Jose for $207M

by Nellie Day December 22, 2015

SAN JOSE, CALIF. — Boston Properties has sold Innovation Place, a 574,000-square-foot office campus in San Jose, for $207 million. The campus is located at 3100-3130 Zanker Road. The buyer was Broadcom. The 26-acre property includes four buildings, three of which are vacant. The property also includes land that supports an additional 537,000 square feet of office/R&D development and two parking structures with a total of 3,000 parking spaces.

December 22, 2015

New Jersey Northeast Office

Colliers Brokers Sale of 25,000 SF Office Building in New Jersey

by Amy Works December 22, 2015

LAWRENCE, N.J. — Colliers International has arranged the sale of an office building located at 134 Franklin Corner Road in Lawrence. David Lerner Associates purchased the 25,000-square-foot property for an undisclosed price. The buyer, a privately held securities broker/dealer, plans to relocate its current offices in Princeton to 8,600 square feet on the second story of the the newly acquired two-story building, which was the former Trenton Savings Bank headquarters. Vinny Di Meglio of Colliers represented the buyer, while Thomas Romano and Tim Norris of Colliers represented the seller in the transaction. Colliers is actively marketing the remaining 12,000 square feet of the available space at the building.

December 22, 2015

Kansas Midwest Office

NGKF Brokers $11.5M Sale of Tallest Building in Kansas

by Christina Cannon December 22, 2015

WICHITA, KAN. — Newmark Grubb Knight Frank (NGKF) has brokered the $11.5 million sale of The Epic Center Office Tower tower in Wichita. The building is 325 feet tall and has been the tallest building in the state since it was constructed in 1987. Ruffin Epic LLC purchased the 298,154-square-foot building from BACM 2005-3 Woodlawn LLC. The facility sits on 3.3 acres and is located at 301 N. Main St. Tenants at the office tower include the FBI, Secret Service, U.S. Attorney, Hinkle Law Firm, AGH and Viega NA Inc. Chris Wilkinson, Michael VanBuskirk and Chris Robertson of NGKF represented the seller in the transaction.

December 22, 2015

Midwest Office Wisconsin

Siegel-Gallagher Arranges 3,511 SF Office Lease in Milwaukee

by Christina Cannon December 22, 2015

MILWAUKEE — Siegel-Gallagher has arranged a 3,511-square-foot office lease in Milwaukee. Titus Talent Strategies will be occupying space at the Renaissance Building, which is located at 309 N. Water St. DOC-309 Renaissance LLC is the landlord. Dan Walsh and John Dulmes of Siegel-Gallagher brokered the transaction.

December 22, 2015

Michigan Midwest Office

Signature Associates Brokers Sale of 3,336 SF Office Building in Grand Rapids

by Christina Cannon December 22, 2015

GRAND RAPIDS, MICH — Signature Associates has brokered the sale of a 3,336-square-foot office building in Grand Rapids for an undisclosed price. Tadow Inc. sold the property to 1168 Lonia LLC. Jeffery Tucker of Signature Associates represented the seller in the transaction. Space within the office building, located at 1168 Lonia Ave. NW, is still available for lease.

December 22, 2015

Office Texas

Colliers International Arranges Office Lease in Metro Houston

by Haisten Willis December 21, 2015

MISSOURI CITY, TEXAS — Colliers International has arranged four office leases at the Rotunda Building located at 5819 Highway 6 in Missouri City. Texas Children’s Hospital signed a new lease for 4,857 square feet, and Traci Holman and Jason Baker of Baker Katz represented the tenant. The Speech and Learning Center renewed its lease and expanded to 1,972 square feet and Transact NAP renewed and expanded to 3,796 square feet. Trivesta signed a new lease for 2,660 square feet on the first floor. Barkley Peschel of Colliers International represented the landlord, Rotunda, in all of the lease transactions.

December 21, 2015

Office Texas

Three Office Towers at CityLine Achieve LEED Gold Certification

by Haisten Willis December 21, 2015

RICHARDSON, TEXAS — The first three office towers at KDC’s CityLine development have achieved LEED Gold certification from the U.S. Green Building Council (USGBC). KDC is developing CityLine, a 186-acre mixed-use development in Richardson. State Farm is leasing 1.5 million square feet in buildings One, Two and Three CityLine. LEED is a green building certification program led by the USGBC that recognizes best-in-class building strategies and practices. A third-party verification process is used to determine that a building has been designed and built using strategies aimed at improving overall performance. To receive LEED Gold certification, the three office towers were evaluated in six areas: sustainable sites, water efficiency, energy and atmosphere, indoor environmental quality, regional priority and innovation in design. Phase II of construction, which includes the fourth State Farm office tower at CityLine, began in July 2014, with completion slated for mid-2016. It consists of a 12-story office tower situated above a five-level parking structure with 30,000 square feet of ground-floor retail. The tower is located on the northeast corner of State Street and Plano Road, directly across Plano Road from the other three towers leased by State Farm.

December 21, 2015

North Carolina Office Southeast

HFF Brokers $71.6M Sale of 32-Story Office Tower in Downtown Charlotte

by John Nelson December 21, 2015

CHARLOTTE, N.C. — HFF has brokered the sale of a 32-story, 330,483-square-foot office tower located at 121 W. Trade St. in downtown Charlotte. Lincoln Property Co.’s affiliate, LPC Realty Advisors I LP, purchased the asset from a partnership controlled by The Dilweg Cos. for $71.6 million, according to the Charlotte Business Journal. Lincoln Property Co. purchased the asset in conjunction with local affiliate Lincoln Harris on behalf of a pension fund client. Tenants of the office tower include Chicago Bridge & Iron, SAS Institute, Caudle & Spears and Brookwood Associates. The building also features the Charlotte City Club on the top two levels and parking on levels two through nine. Ryan Clutter led HFF’s investment sales team representing the seller.

December 21, 2015

North Carolina Office Southeast

Dilweg Cos. Purchases Two Office Buildings in Durham

by John Nelson December 21, 2015

DURHAM, N.C. — The Dilweg Cos. has purchased South Square I and II, two office buildings located at 3710 University Drive and 3708 Mayfair St. in Durham, respectively. The buildings total 120,301 square feet and were 47 percent leased at the time of sale. Primary tenants at the two properties include Yadkin Bank, aWhere and SHIFT NC. Dilweg plans to invest more than $2.5 million to improve the buildings’ operating systems, common areas and tenant amenities. The Durham-based firm owns roughly 1.3 million square feet of office space in the Raleigh-Durham area.

December 21, 2015

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