Office

Freedom Financial Network Leases 45,000 SF at Tempe 10/60 Corporate Center

by Nellie Day April 28, 2015

TEMPE, ARIZ. – Freedom Financial Network has leased 45,000 square feet of office space at Tempe 10/60 Corporate Center. The recently redeveloped office project is located at 4415 – 4625 S. Wendler Drive. The property was originally built in 1985. The building is now 50 percent leased. The remaining 45,000-square-foot building is still vacant. This is the financial solutions services company’s second office. Its first is in San Mateo, Calif. Tempe 10/60 Corporate Center was redeveloped by Greenlaw Partners and the Broe Group. Freedom Financial was represented by JLL’s Pat Williams, Steve Corney, Vicki Robinson, Andrew Medley and Chris Corney.

April 28, 2015

California Office Western

The Board of Equalization Renews Lease at Gateway Corporate Center in Sacramento

by Nellie Day April 28, 2015

SACRAMENTO, CALIF. – The Board of Equalization, the State of California’s elected tax commission, has renewed its lease for 66,593 square feet at Gateway Corporate Center in Sacramento. The Class A building is located at 160 Promenade Circle, near the downtown region. It is situated within Sacramento Gateway, a mixed-use development that includes a hotel and a 655,000-square-foot retail center. The Board was represented by Newmark Cornish & Carey. The landlord was represented by Ron Thomas and Sean Mullen of Cushman & Wakefield’s Sacramento’s office.

April 28, 2015

Avaya-Regional-Data-Demo-and-Support-Center

Office Texas

M&M Arranges Sale of Office Complex in Metro Dallas

by Haisten Willis April 28, 2015

COPPELL, TEXAS — Marcus & Millichap has arranged the sale of a 96,500-square-foot, single-tenant office building fully leased to Avaya Inc. Built in 1998 on 6.8 acres, the two-story office building is located near the Dallas/Fort Worth International Airport at 1111 Freeport Parkway in Coppell. The property features frontage on I-635, the Lyndon B. Johnson Freeway. Ron Hebert of Marcus & Millichap’s Dallas office represented the seller, KP Dallas LLC. Steve Sauter of firm’s Palo Alto office represented the buyer, Coliseum Storage Associates LLC.

April 28, 2015

Florida Office Southeast

CBRE Brokers $13.1M Sale of Fort Lauderdale Office Campus

by John Nelson April 28, 2015

FORT LAUDERDALE, FLA. — CBRE has arranged the $13.1 million sale of Merrill Lynch Plaza, a 77,878-square-foot office campus located at 2601-2611 E. Oakland Park Blvd. in Fort Lauderdale. An unnamed equity investor from Israel purchased the asset from BE ML FLL LLC. The office campus was 84.9 percent leased at the time of sale to tenants such as Merrill Lynch, Centennial Bank, Africa Adventure Co., Exit Ryan Scott Realty and The Darwin Agency. Dominic Montazemi, Miguel Alcivar, Greg Miller, Jason Hochman and Scott O’Donnell of CBRE represented the seller in the transaction.

April 28, 2015

The Corporate Office Centre at Tysons II

Office Southeast Virginia

Lerner Enterprises Signs Capital One to 136,000 SF Lease in Northern Virginia

by John Nelson April 28, 2015

TYSONS, VA. — Lerner Enterprises has signed Capital One Financial Corp. to a 136,000-square-foot office lease in Tysons, roughly 14 miles outside of Washington, D.C. Capital One will occupy six full floors at The Corporate Office Centre at Tysons II, an 18-story Class A office tower located at 1750 Tysons Blvd. Capital One anticipates moving into its new offices in late 2015. Brian Tucker, Moe Hamilton and John Dragelin of Cushman & Wakefield’s Virginia office represented Lerner Enterprises in the lease transaction. Jeffrey Roman and John DiCamillo of CBRE represented Capital One.

April 28, 2015

Loans Northeast Office Pennsylvania

HFF Arranges $22.1M Bridge Loan for Suburban Philadelphia Office Complex

by Amy Works April 28, 2015

FORT WASHINGTON, PA. — HFF has arranged a $22.1 million bridge loan with $14.3 million of future funding for Fort Washington Executive Center, a three-building office complex located at 600, 601 and 602 Office Center Dr. in Fort Washington. HFF secured the three-year, floating-rate loan through Citizens Bank for the borrower, a joint venture between Kairos Real Estate Partners and Artemis Real Estate Partners. The loan, which features two one-year extension options, will be used to recapitalize the property, as well as fund future capital improvements and leasing costs. The complex offers 393,067 square feet of Class A office space. Current tenants include Nutrisystem, AstraZeneca, McNeil, AmeriHealth and Allstate. The borrower plans to renovate the property, including upgrades to the common areas, restrooms, amenities, conference and training facilities, and landscaping. Ryan Ade, James Conley and Mike Pagniucci of HFF represented the borrower in the financing.

April 28, 2015

Office Texas

Former Belo Headquarters in Dallas to be Renovated

by Haisten Willis April 27, 2015

DALLAS — 400 Record, a downtown Dallas office building formerly known as the Belo Building, will be renovated. The Hartland-Mackie family owns the 17-story, 235,000-square-foot office tower located at the corner of Wood and Record streets. Design firm Gensler is leading the renovation, which will include upgrades to the entrances, a new glass-walled lobby, a garden on the top floor, a restaurant, new fitness center and new conference center. Another major feature of the remodel is a restaurant and bar, which will appear to float in the space and is covered in bronze metal panels. Restaurant consultant Sharon Hage is working with the Hartland-Mackie family on the dining space.

April 27, 2015

Office Texas

Sperry Van Ness / Visions Commercial Arrange Office Lease in Fort Worth

by Haisten Willis April 27, 2015

FORT WORTH, TEXAS — Sperry Van Ness / Visions Commercial have arranged three new office lease transactions at Fossil Creek Station office complex in Fort Worth. CelSana LLC leased 1,091 square feet for a three-year term beginning May 1; Scott Boyd, CPA leased 1,091 square feet for a three-year term that began April 1; and Blue Star Consulting leased 1,091 square feet for a three-year term that began March 1. Located at 6642 N. Riverside Drive, Fossil Creek Station is a four-building office complex situated just north of I-820 and east of I-35 off Western Center Blvd. The property was built in 2006. Clint Montgomery with Sperry Van Ness / Visions Commercial represented the property owner, Value Builders Inc., in all three transactions.

April 27, 2015

Northeast Office Pennsylvania

Shorenstein Acquires 1818 Beneficial Bank Place in Philadelphia’s Center City

by Amy Works April 27, 2015

PHILADELPHIA — Shorenstein Properties has completed the acquisition of a 1818 Beneficial Bank Place, a commercial office tower in Philadelphia’s Market Street West submarket. Also known as 1818 Market Street, the 988,000-square-foot building features Class A office space, ground-floor retail space and parking for more than 400 vehicles. The property serves as the headquarters for Beneficial Bank and Five Below. Terms of the transaction were not released. The company acquired the property on behalf of its eleventh real estate investment fund, formed in 2014 with $1.22 billion in committed capital from Shorenstein and its investors.

April 27, 2015

Arizona Office Western

Gateway Four Office Building in Phoenix Sells for Nearly $23M

by Nellie Day April 27, 2015

PHOENIX – Gateway Four, a 137,069-square-foot office building in Phoenix, has sold to VanTrust Real Estate for nearly $23 million. The building is located at 444 N. 44th Street. It is fully leased by State Farm Insurance, though the company is scheduled to vacate the building late next year when it consolidates its local operations. Gateway Four is part of the larger Phoenix Gateway Corporate Center. The seller was LBA Realty. The sale was executed by CBRE’s Tom Adelson and Jim Fijan.

April 27, 2015

Newer Posts

Older Posts