JERSEY CITY, N.J. — Brown Brother Harriman, a private bank, has signed an 11-year lease for 114,798 square feet at Mack-Cali Realty Corp.’s Harborside Plaza 5 in Jersey City. The company will be transferring more than 500 employees to the new location, a 977,225-square-foot office tower on the waterfront. Scott Gamber, Robert Stillman and Peter Gamber of CBRE represented the tenant, while Chris DeLorenzo and Tom Savoca of Mack-Cali, along with Mark Ravesloot, Peter Turchin, Gerry Miovski, Suzanne Macnow and Arkady Smolyansky of CBRE, represented the landlord in the transaction.
ADDISON, TEXAS — Abilene Christian University (ACU) has signed a long-term lease for 25,000 square feet of office space at One Hanover Park, an eight-story, 195,894-square-foot, Class A office building located at 16633 N. Dallas Parkway in Addison. PMRG’s Kurt Cherry, Brittany Ricketts and Shea Byers handled the deal internally for the firm. Holden Lunsford and James Engels of Holt Lunsford Commercial represented ACU. Built in 1998, One Hanover is located along the Dallas North Tollway and is 96 percent occupied.
OKLAHOMA CITY — Robert Hervey and Mark Dodson of NorthMarq Capital’s Los Angeles office have arranged the $16.5 million refinancing of Landmark Towers, a 274,656-square-foot office property located at 3335-3555 NW. 58th St. in Oklahoma City. The transaction was structured with a 10-year term, five years of interest-only payments and a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender.
SEATTLE — American Realty Advisors has purchased a 317,000-square-foot mixed-use building in Seattle’s South Lake Union neighborhood for a reported $215 million. The 12-story high rise is located at 2201 Westlake. Office and retail tenants include Amazon and global health company PATH. Amazon currently occupies more than half of the property. Bang & Olufsen, West Elm, Einstein Bagels and Ann Sacks Tile & Stone occupy the retail space. American is acquiring all of the building’s office and retail components. The property also includes the 135-unit Enso condominiums. The seller was Vulcan Real Estate. CBRE’s Kevin Shannon executed the transaction.
FORT WORTH, TEXAS — Trademark Property Co. has completed a 57,000-square-foot Class A office building, named WestBend 2, at its WestBend mixed-use development in Fort Worth. Located at 1701 River Run Road, the three-story building is situated on top of The Fresh Market grocery store and other retailers and restaurants opening at WestBend. The adjacent Trinity Trails provides access to walking or biking and allows for Trinity River views from all floors. Additional amenities include outdoor seating and meeting space, bicycle storage, onsite locker rooms with showers and garage parking separate from retail parking. Regus, a provider of flexible workspace, will outfit 15,000 square feet at WestBend. The new office building is part of the redevelopment efforts underway at WestBend, which upon completion in fall 2015 will include 278,000 square feet of retail, dining and office space. Current WestBend tenants include Zoë’s Kitchen, East Hampton Sandwich Co. and Silver Fox.
HOUSTON — The Richland Cos. has acquired 550 Post Oak, an office property located in Houston’s West Loop submarket. The building will become Richland’s new corporate headquarters, replacing its previous location in Memorial Post Oak. The 53,872-square-foot, six-story building sits on one acre at the northeast corner of Post Oak Boulevard and Post Oak Park. The multi-tenant property offers tenants card-key access, on-site management and podium-style parking. Additional amenities will include a gym, car washing services, laundry and dry cleaning pickup, food trucks twice a week and multiple high-end services. Richland plans on taking occupancy in September, with the exterior transformation beginning shortly thereafter. 550 Post Oak becomes Richland’s 14th property in Houston, marking 1.7 million square feet of properties owned and managed by the company.
HOUSTON — Davis Commercial has arranged the sale of leasehold interest for the historic Sweeney, Coombs & Fredericks building at 301 Main St. in Houston for an undisclosed price. Designed and built by George E. Dickey in 1889, 301 Main St. is one of the last remaining Victorian-style structures in the city. The building is owned by Harris County and a ground lease on the property was assigned to a third party in the early 1990s. Ashley Casterlin of Davis Commercial Real Estate represented the unnamed seller of the ground lease in the transaction. The buyer was also undisclosed. Blini Hoxha with the Salt N Pepper Group plans to open a new restaurant on the first floor. The Salt N Pepper Group is responsible for many Houston concepts, such as Beer Market Co., The Moonshiners, Crisp, Pub Fiction, Celtic Gardens, Shot Bar and Third Floor. The top two floors of the three-story building are being leased to attorneys.
WEST KENDALL, FLA. — HFF has closed the $12.5 million real estate owned (REO) sale of Lucky Start Executive Plaza, a two-building office park totaling 55,658 square feet at 8765 S.W. 165th Ave. in West Kendall, a suburb of Miami. The office park comprises two office buildings that are 54.1 percent leased to medical and office tenants, as well as a vacant pad site for the future development of a three-story, 89,000-square-foot office building. HFF marketed the property on behalf of a regional bank, which previously purchased the asset in a foreclosure auction. IMC Property Management Inc. was the buyer. Marty Busekrus, Jorge Portela and Manny de Zárraga of HFF brokered the transaction.
CHARLOTTE, N.C. — Lincoln Harris’ Charlotte office has arranged two leases totaling 62,075 square feet at Capitol Towers – South Tower, a 236,250-square-foot, Class A office tower located at 4350 Congress St. in Charlotte. Campbell Walker of Lincoln Harris’ Charlotte office represented the landlord, Capitol Towers LLC, in both lease transactions. The deals included Sterling Capital Management LLC leasing 22,075 square feet and Dixon Hughes Goodman LLP leasing 40,000 square feet. Jim Thorp of JLL represented Sterling, and Barney Earles of CBRE represented Dixon Hughes Goodman.
CHATTANOOGA, TENN. — The U.S. Green Building Council (USGBC) has awarded Liberty Tower, a 214,000-square-foot office building in Chattanooga, LEED Gold certification, making it the largest LEED Gold-certified core and shell project in Tennessee. Additionally, the USGBC has awarded Chambliss, Bahner & Stophel PC LEED Gold certification for its commercial interiors. The company is the only law firm in Tennessee to have earned LEED Gold certification. Chambliss, Bahner & Stophel PC is a tenant at Liberty Tower, making the pair the only project to achieve dual LEED certification in Chattanooga. The law firm’s sustainable features include Energy Star-rated equipment, an open office layout, reuse of 60 percent of its furniture and low VOC paints and carpet tiles. Liberty Tower’s sustainable features include bike racks and showers, new LED light fixtures, low-flow toilets and faucets, solar controlled windows and modern HVAC equipment.