Office

JLL Arranges Sale of Ashford Place II and III in Houston

by Haisten Willis March 26, 2015

HOUSTON — JLL has arranged the sale of Ashford Place II and III, two Class B properties in Houston’s energy corridor. The Mission Cos. purchased the properties for an undisclosed amount. The company also owns two buildings adjacent to Ashford Place II and III. The purchase raises The Mission Cos.’ total investment in the energy corridor to 12 acres. Rudy Hubbard, Kevin McConn and Rick Goings led the JLL team representing the seller, Insite Realty, in the transaction. Ashford Place II is a 58,730-square-foot office building located at 950 Threadneedle St. Ashford Place III is an 84,775-square-foot office building located at 14800 St. Mary’s Lane. The properties were built in 1977 and 1978, respectively, and underwent a $3.2 million capital improvement program in 2008. The properties each offer access to I-10, Beltway 8, Houston’s central business district, Memorial City, Westchase, CityCentre and both major airports. The Mission Cos. is an integrated full-service group of companies involved in the development, acquisition, management and leasing of office buildings and medical buildings in Houston and the surrounding communities.

March 26, 2015

NAI Partners Arranges Sale of 15,000SF Office/Warehouse Space in Houston

by Haisten Willis March 26, 2015

HOUSTON — NAI Partners has arranged the sale of a 15,000-square-foot office/warehouse space at 16130 Hollister Road in Houston. Donald C. Smith purchased the property. Darren O’Conor of NAI Partners represented Donald C. Smith, while Robert McGee, Thomas Leger and Chase Cribbs of TNRG represented the seller, Hightower Investments Ltd., in the transaction.

March 26, 2015

California Office Western

Water Garden Office Park in Santa Monica Receives $260M Refinancing

by Nellie Day March 25, 2015

SANTA MONICA, CALIF. — Phase I of Water Garden Office Park, a two-building office complex in Santa Monica, has received a $260-million refinancing. The Class A complex is located at 1620 26th Street. The 12-year, fixed-rate loan was provided by New York Life Real Estate Investors. Stroock & Stroock & Lavan law firm represented the institutional investors, which were advised by J.P. Morgan Asset Management.

March 25, 2015

Arizona Office Western

DLS Worldwide Leases Office Space in Phoenix

by Nellie Day March 25, 2015

PHOENIX – DLS Worldwide has leased 78,843 square feet of office space at a new speculative building in Phoenix. The third-party logistics provider will use the space for its new headquarters, light manufacturing, and as an assembly and distribution facility. It will be situated in Building B. Phase I of the Airport I-10 speculative project will contain 600,000 square feet. It is being developed by Wentworth Property Company and Clarion Partners. The developer was represented by JLL’s Pat Harlan, Steve Sayre and Kyle Westfall. DLS was represented by Mike Gordon of Cresa.

March 25, 2015

Connecticut Northeast Office

Highville Charter School Buys 108,000 SF Office Building for $5.8M in New Haven

by Amy Works March 25, 2015

NEW HAVEN, CONN. — Hamden, Conn.-based Highville Charter School has acquired an office building located at 1 Science Park in New Haven. AT&T sold the 108,000-square-foot property for $5.8 million. Highville plans to convert the property’s open layout into classrooms to meet its expanding needs. Alan Fischer of Fischer Real Estate Inc. represented the buyer, while Cushman & Wakefield represented the seller in the deal.

March 25, 2015

Industrial Massachusetts Northeast Office Retail

R.W. Holmes Realty Brokers $5.35M Sale of Flex Property in Massachusetts

by Amy Works March 25, 2015

HOPKINTON, MASS. — R.W. Holmes has negotiated the sale of a multi-tenanted flex building, located at 227-233 South St. in Hopkinton. 227-229 South Street LLC purchased the 43,000-square-foot property for $5.35 million from Mar S. Maple Realty Trust. Precision Digital Corp. will renovate and occupy 21,000 square feet of the property. Craig Johnston of R.W. Holmes procured and represented the buyer, while John Eysenbach, also of R.W. Holmes, represented the seller in the transaction.

March 25, 2015

New Jersey Northeast Office

Securitas Security Services USA Leases 81,282 SF Lease at Mack-Cali Business Campus

by Amy Works March 25, 2015

PARSIPPANY, N.J. — Securitas Security Services USA has signed a new 15-year lease for 81,282 square feet of space at 9 Campus Drive within Mack-Cali Business Center in Parsippany. The company’s new location, which will serve as its North American headquarters and Eastern Operations Center, will house a data center and 24/7 call center and approximately 225 employees. With this lease, the four-story, 156,495-square-foot office building is now 89.2 percent leased. Joseph Messina, formerly of Savills Studley, along with Daniel Foley and Christopher Marx of Savills Studley, represented the tenant, while Diane Chayes and Brian Decillis provided in-house representation for Mack-Cali Realty Corp.

March 25, 2015

Office Texas

DTZ Arranges Office Lease in Metro Dallas

by Haisten Willis March 25, 2015

FRISCO, TEXAS — Paycor Inc. has signed a new, 11,878-square-foot lease at 3001 Dallas Pkwy in the Hall Office Park development in Frisco. Craig Wilson and Travis Boothe of DTZ, an international commercial real estate services firm, handled lease negotiations on behalf of Paycor.

March 25, 2015

Florida Office Southeast

Feldman Equities, Tower Realty Partners Reacquire Stake in Wells Fargo Center in Tampa

by John Nelson March 25, 2015

TAMPA, FLA. — Feldman Equities LLC and Tower Realty Partners have reacquired an interest in Wells Fargo Center, a 22-story, 390,000-square-foot office tower located in downtown Tampa. The two firms purchased the equity position in a joint venture partnership with an institutional investor that purchased the building in 2014. Feldman Equities and Tower Realty originally acquired Wells Fargo Center at the end of 2012 in a joint venture partnership with another institutional investor. As part of the agreement, Tower Realty Partners will retain management responsibilities with Feldman Equities providing leasing oversight. Jeff Lanning and Brian Breeding of Cushman & Wakefield have been retained to represent the ownership group in leasing the building. Current tenants include Wells Fargo & Co., Phelps Dunbar and UBS.

March 25, 2015

Concourse Building One Copley Way Morrisville

North Carolina Office Southeast

TradeMark Properties Brokers $16.5M Sale of Metro Raleigh Office Building

by John Nelson March 25, 2015

MORRISVILLE, N.C. — TradeMark Properties has brokered the $16.5 million sale of the Concourse Building, a 131,553-square-foot office building located at One Copley Way in Morrisville, roughly 14 miles west of Raleigh. Fred Dickens of TradeMark represented the undisclosed seller in the off-market transaction. The buyer, Virginia Beach-based Continental Capital Partners, has retained TradeMark to lease the Class A property.

March 25, 2015

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