Office

Fox Architects Designs $150M RGA Global Headquarters in Chesterfield, Mo.

by Danielle Everson December 12, 2014

CHESTERFIELD, MO. — The new $150 million Reinsurance Group of America (RGA) global headquarters will open this month in Chesterfield, a suburb of St. Louis. Fox Architects designed the 405,000-square-foot stone, glass and steel building, which is one of the largest projects in the St. Louis region since Centene Plaza was completed in 2010, and the largest local headquarters project in at least 20 years. The headquarters’ two five-story towers are linked by a two-story atrium lobby and amenities bar, which features 10,000 square feet of training facilities; a 7,500-square-foot fitness center; a 20,000-square-foot café, kitchen and barista; and a 500-seat cafeteria that can function as a 700-seat auditorium. The complex also includes 580,000 square feet of parking. Built on a 17-acre site, the complex will accommodate RGA’s workforce expansion over the next several years, and is master planned to include a third building for long-term growth. Fox Architects designed the interiors and was RGA’s consultant to international architectural firm Gensler on core and shell design. Clayco was the design-build contractor.

December 12, 2014

Office Texas

Tanglewood Acquires Office Building in Houston

by Haisten Willis December 12, 2014

HOUSTON — Tanglewood Property Group has acquired 2000 Bering Drive in Houston. The 192,000-square-foot office building is located in the Tanglewood area just west of the Galleria. The property is 97 percent leased. This is Tanglewood’s second office building acquisition in 2014, the company purchased 5300 W. Sam Houston Pkwy. N., earlier this year. Henry Hagendorf and Cliff Rudolph represented Tanglewood in the acquisition. Houston-based Tanglewood Property Group owns and manages more than 1.4 million square feet of commercial office space, mostly in the uptown Galleria submarket of Houston.

December 12, 2014

California Office Western

KBS Capital Advisors Buys Ten Almaden Office Building in San Jose

by Nellie Day December 12, 2014

SAN JOSE, CALIF. — KBS Capital Advisors has purchased Ten Almaden, a 309,255-square-foot office building in San Jose, for a reported $116.7 million. The Class A office tower is located at its namesake, 10 Almaden Blvd. Ten Almaden is situated near the San Jose Diridon Transit Station, which is serviced by Caltrain, Amtrak, ACE commuter rail, VTA light rail, bus lines and the planned California High-Speed Rail that will connect downtown San Jose to San Francisco and the peninsula. It is also near San Jose’s Norman S. Mineta International Airport, Interstates 280, 680, 880, US 101, and Highways 87 and 17. The LEED-Gold-certified office tower was built in 1988 and renovated in 2010. It features a three-story atrium and lobby, fitness center with outdoor pool, sauna, showers, a six-level parking structure and a café. Ten Almaden is currently 89 percent leased. Notable tenants include Citibank, Comcast, Robert Half International, Rosetta Marketing Group and Turner Construction Company. The seller, Equity Office Properties, was represented by HFF’s Steven Golubchik, Michael Leggett and John Simerlein.

December 12, 2014

Northeast Office Pennsylvania

Hayden Maguire Real Estate Fund Acquires Malvern Office Property for $23M

by Amy Works December 12, 2014

MALVERN, PA. —Hayden Maguire Real Estate Fund has made its second acquisition. The fund acquired a 151,447-square-foot office building, located at 1200 Atwater Dr. in Malvern, for $23 million. The property features modern architectural design, light-filled lobbies under glass canopies and an on-site café. The property is situated on 388 acres surrounding an 80-acre spring-fed lake. Hayden Maguire Real Estate Investments and Maguire Investment Management are partners of the fund.

December 12, 2014

Florida Office Southeast

Lingerfelt CommonWealth Acquires 28-Story Office Building in Jacksonville

by John Nelson December 12, 2014

JACKSONVILLE, FLA. — Lingerfelt CommonWealth Partners has acquired Riverplace Tower, a Class A, 28-story office building in Jacksonville’s central business district. The 425,223-square-foot tower is located at 1301 Riverplace Blvd. The property was built in 1967 and renovated in 1994 and 2005. Gate Riverplace Co., a subsidiary of Gate Petroleum, sold the office tower to Lingerfelt CommonWealth. Riverplace Tower’s tenant roster includes Rogers Towers PA, Rayonier Inc., Adecco USA and ClubCorp USA Inc. The buyer has selected a property management affiliate, CommonWealth Partners, to manage the property. JLL will handle leasing the property.

December 12, 2014

Midwest Minnesota Office

NorthMarq Capital Arranges $203.5M in Acquisition Financing for Office Park in Bloomington, Minn.

by Danielle Everson December 11, 2014

BLOOMINGTON, MINN. — NorthMarq Capital’s Minneapolis office has arranged a $203.5 million loan on behalf of an investment partnership between MetLife and Allstate Insurance Co./Allstate Life Insurance Co. for the acquisition of Normandale Lake Office Park. Northwestern Mutual is the lender. Located in the southwest suburb of Bloomington, Normandale is situated on 23 acres overlooking the 2,500-acre Normandale Lake recreational area. Amenities include a childcare facility, two full-service restaurants, conference space and two fitness centers. The complex consists of 1.7 million square feet of Class A office space in five towers, which are connected by enclosed skyways. The park is 93 percent occupied, an increase of 10 percent in the last two years. Tenants at the park include Prime Therapeutics, Aon Benfield, Schwan’s, Towers Watson, Tata Consultancy Services, Emerson Corporation and Oracle Corp. The sale was the second largest suburban office sale in the United States year-to-date in 2014. NorthMarq’s Minneapolis team also included James Hoopes, Daniel Trebil, Michael Padilla and Jon Miller.

December 11, 2014

Office Texas

Rosemont Realty Acquires Office Tower in Houston

by Haisten Willis December 11, 2014

HOUSTON — Rosemont Realty LLC has acquired Kirkwood Tower in Houston. The 15-story tower located at 11757 Katy Freeway includes 285,682 rentable square feet of Class A office space. The acquisition brings Rosemont’s total square footage in metro Houston to nearly 2.5 million square feet. The company also owns the adjacent Kirkwood Atrium II property. Rosemont purchased the office building in a joint venture with new Rosemont investor Central Properties. A joint venture between Denver-based Amstar and Dallas-based Frontier Equity was the seller. The building was constructed in 1984, with major capital improvements made between 2008 and 2013. Tenants include Texon LP, Skyline Executive Suites Ltd., KCA Deutag LLC, First Solar Inc., Greene’s Energy Group LLC and Mac Haik Holding Co.

December 11, 2014

Office Texas

Boxer Property Arranges Office Lease in Metro Dallas

by Haisten Willis December 11, 2014

FARMERS BRANCH, TEXAS — Boxer Property has arranged a 23,893-square-foot office lease for Nurtur Health Inc. at 4001 McEwen Road in Farmers Branch. Gil Engelhardt, Jillian Brody and Mark Dowdle of Boxer represented the landlord. Cassidy Turley represented the tenant. 4001 McEwen Road is part of a three-building office complex. Amenities at the property include a walking trail, a gym, cafeteria and on-site security. The property is located 15 miles from DFW.

December 11, 2014

Georgia Office Southeast

Worldpay to Relocate U.S. Headquarters to Atlantic Station in Atlanta

by John Nelson December 11, 2014

ATLANTA — Worldpay, a London-based provider of payments technology and services to merchants, partners and developers, has announced its plan to relocate its U.S. headquarters and 671 employees to Atlantic Station in Atlanta. The company also plans to add 600 jobs over the next four years. The company will occupy 130,000 square feet of office space over six floors at the 201 17th St. office building. Worldpay will invest nearly $10 million in the relocation, which will begin in March 2015 and continue into 2016. Worldpay received a $1.5 million City of Atlanta Economic Opportunity grant to help fund the relocation of its U.S. headquarters, and is eligible for other state incentives. Invest Atlanta partnered with the Georgia Department of Economic Development, Metro Atlanta Chamber and Georgia Power on the project. Matt Ryder of Honour Inc. served as location, labor and incentives consultant. Chris White and Brian Boyd of DTZ were tenant advisors, and BoggsVickers is the project architect for the new office space.

December 11, 2014

California Office Western

The Swig Company Acquires The Wakefield Building in Oakland

by Nellie Day December 11, 2014

OAKLAND, CALIF. – The Swig Company has acquired The Wakefield Building, a 57,000-square-foot creative office property in Oakland, for an undisclosed sum. The building is located at 416 17th Street. The property was originally developed as a medical office building by Dr. W.H. Wakefield in the 1920s. Notable tenants include Sungevity’s incubator spin-off, SFunCube, as well as First Place for Youth, the American Heart Association, the Rockwood Leadership Institute and the Asian Pacific Education Network. The Swig Company also owns and operates the nearby Kaiser Center on Lake Merritt. The unnamed seller was represented by Seth Siegal and Adam Lasoff of Cushman & Wakefield. The Swig Company’s legal advice was provided by Tony Ratner of Farella Braun + Martell.

December 11, 2014

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