Office

Venture Arranges Office Lease in Dallas

by Haisten Willis March 17, 2015

DALLAS — Venture Commercial Real Estate has arranged the lease of an 11,400-square-foot space in Dallas’ Design District. Paul Morgan Photography Inc. will occupy the space located at 921 N. Riverfront Boulevard. McGregor Converse of Venture represented the tenant in lease negotiations. John Bowles of CASE Commercial Real Estate Partners represented the landlord. Photography business Paul Morgan and People relocated its media studio and corporate office to this location from 333 1st Ave. in Deep Ellum.

March 17, 2015

New Jersey Northeast Office

CBRE Group Brokers Sale of 220,877 SF Office Building in New Jersey

by Amy Works March 17, 2015

PARK RIDGE, N.J. — CBRE Group has brokered the sale of an office building located at One Sony Dr. in Park Ridge. Hornrock Properties purchased the 220,877-square-foot building from Sony Electronics Inc. for an undisclosed price. As part of the sale, the building will be partially leased back to Sony Electronics for two years. Jeffrey Dunne, Kevin Welsh, Brian Schulz, Jeffrey Babikian of CBRE represented the seller and procured the buyer in the transaction.

March 17, 2015

MidCity Plaza Atlanta Perimeter FOCUS Brands

Georgia Office Southeast

FOCUS Brands to Lease Entire MidCity Plaza in Atlanta for New Headquarters

by John Nelson March 17, 2015

ATLANTA — FOCUS Brands Inc. has leased MidCity Plaza, a Class A, 63,000-square-foot office building located at I-285 and GA 400 in Atlanta’s Central Perimeter submarket. MidCity Real Estate Partners purchased the property, located at 5620 Glenridge Drive, in mid-2013 and was completely converted to Class A standards over the course of a nearly two-year process. The office building is part of a mixed-use development including five restaurants (Blue Moon Pizza, Taziki’s, Firehouse Subs, Qdoba and Sushi Nami) and Windsor at Glenridge, a Class A apartment community developed by Wood Partners. FOCUS Brands is the parent company of Cinnabon, Auntie Anne’s, Moe’s Southwest Grill, McAlister’s Deli, Schlotzsky’s Bakery and Café and Carvel brands.

March 17, 2015

California Office Western

Wpromote Leases Space at Campus 2100 in El Segundo

by Nellie Day March 16, 2015

EL SEGUNDO, CALIF. – Wpromote has leased 34,492 square feet at Campus 2100 in El Segundo. The three-building campus is the former home of Rhythm & Hues Studios. The online advertising firm signed a 7.5-year lease at the property. It is relocating its headquarters from another nearby office building where it occupied 21,335 square feet. Wpromote was represented by JLL’s Steve Solomon and Eric Adams. Tom Sheets and Chris Sinfield of Cushman & Wakefield represented the landlords, Rockwood Capital, LLC (Rockwood) and Marshall Property & Development, in this transaction.

March 16, 2015

Arizona Office Western

ConnectionsAZ Leases 36,000 SF at Phoenix Memorial Center

by Nellie Day March 16, 2015

PHOENIX – ConnectionsAZ has leased 36,000 square feet at Phoenix Memorial Center. The center is located at 1201 S. 7th Ave. in Phoenix. The building is the former Phoenix Memorial Hospital. The physician-led company specializes in emergency/crisis psychiatric services. It plans to operate a patient intake center from this location. ConnectionsAZ was represented by Kevin Lange of Keyser. The landlord, Memorial Key LLC, was represented by Kate Morris and Vince Femiano of CBRE’s Phoenix office.

March 16, 2015

Office Texas

Under Armour Opens New Office in Austin

by Haisten Willis March 16, 2015

AUSTIN, TEXAS — Under Armour has opened its Connected Fitness digital headquarters in downtown Austin. The new facility is located within a new commercial development near the restored City of Austin Power Plant. The office currently employs more than 100 engineers, data scientists, designers and product designers in digital health, fitness and sports. The building spans more than 35,000 square feet and occupies the second floor of the adjacent building to the City of Austin Power Plant. The five acres surrounding the office are being transformed into a mixed-use development, which will feature more than one acre of public open space and a plaza; a 30-story residential tower and 33,000 square feet of retail space. This is the first Under Armour office in Texas, and the only office in the brand’s history solely dedicated to digital innovation. The Under Armour Connected Fitness team will focus on building the company’s digital products.

March 16, 2015

Office Texas

Boyd Commercial/CORFAC Represents Office Expansion, Relocation in Houston

by Haisten Willis March 16, 2015

HOUSTON — Boyd Commercial/CORFAC International has arranged several real estate transactions for The Detering Co., including the relocation of the firm’s offices. The Detering Co. has relocated from Washington Avenue to a new, 107,000-square-foot facility located at 6800 Helmers St. The property is situated on a 19-acre site located near Loop 610 North in Houston. J. Michael Boyd of Boyd Commercial LLC/CORFAC International represented The Detering Co. in the move and several other deals, which took over two years to orchestrate. The transactions included the sale of three parcels of land, the purchase of two parcels of land and a build-to-suit of an office and warehouse facility. The Detering Co., a building materials supply company, formerly occupied more than five acres and 70,000 square feet at its former headquarters located at 3028 Washington Ave. Detering’s new headquarters fronts Irvington and Bennington Streets as well as Helmers. The property includes a 16-acre site acquired from Quasar Land Ltd., and a three-acre site acquired from Irvington Holdings LLC. A new 107,000-square-foot built-to-suit facility was recently completed and opened at the company’s new headquarters. Detering demolished a building on the property it acquired to make room for the new building. In addition, Detering …

March 16, 2015

Office Texas

Moody Rambin Arranges Sale of Office Building in Houston

by Haisten Willis March 16, 2015

HOUSTON — Moody Rambin has arranged the sale of a 2,553-square-foot office building in Houston. The property is located at 9525 Huffmeister Road at the northwest part of Houston off Highway 290. Jim Autenreith and Dan Nguyen of Moody Rambin represented the buyer, Sawin Service Automation Inc., in the sale. Leighton Investments LLC was the seller.

March 16, 2015

New York Northeast Office Retail

RKF Arranges $18.75M Sale of SoHo Property

by Amy Works March 16, 2015

NEW YORK CITY — RKF has arranged the sale of a retail and office property located at 497 Broome St. in New York City’s SoHo district. John Dee Corp. sold the 5,700-square-foot property to an undisclosed buyer for $18.75 million. The former home of The Original Teddy Bear factory, the property features 1,200 square feet of ground-floor retail space and 4,500 square feet of office space. Brian Segall and Chris Masi of RKF represented both parties in the 1031 exchange transaction.

March 16, 2015

Florida Loans Office Southeast

CBRE Arranges $71.6M Acquisition Loan for Office Portfolio in Boca Raton

by John Nelson March 16, 2015

BOCA RATON, FLA. — CBRE’s capital markets debt and structured finance team has arranged $71.6 million in acquisition financing for an office portfolio in Boca Raton. Spanning 330,438 square feet, the portfolio includes two Class A office buildings: The Plaza at 5355 Town Center Road and One Town Center at 1 Town Center Road. Charles Foschini, Christian Lee and Christopher Apone of CBRE’s Miami office arranged the 3.5-year bridge loan through Mesa West Capital LLC on behalf of the borrower, Boca Raton-based Crocker Partners. The interest-only loan was structured with a floating interest rate. Crocker Partners purchased the portfolio from MetLife Real Estate Investors. Lee, Foschini and Apone, along with Jose Lobon and Michael Erickson of CBRE, represented MetLife in the transaction.

March 16, 2015

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