SUNNYVALE, CALIF. — Kilroy Realty Corporation has acquired a 261,000-square-foot office property in Sunnyvale for $98 million. The four-building complex is located in the Moffett Park district. Kilroy has been extremely active in the Silicon Valley and San Francisco Bay Area regions, as of late. The office development specialist recently leased a 587,000-square-foot, three-building Sunnyvale campus to LinkedIn. It is also building a 340,000-square-foot space in San Francisco’s South of Market (SOMA) district that has been leased to Salesforce. Divco, the Moffett Park seller, was represented by Dan Ball of Gibson Dunn. Kilroy was represented by Pete Roth of Allen Matkins in this transaction.
DALLAS — Cassidy Turley’s project and development services team will oversee the design and construction of Sidley Austin LLP’s 73,600-square-foot office space at the new McKinney & Olive office building in uptown Dallas. Sidley Austin is a law firm with more than 1,800 attorneys in 18 offices around the world. The company has leased the top three floors McKinney & Olive, a new office tower owned by Crescent Real Estate Holdings LLC. The space is located next to the Ritz-Carlton and a few blocks from The Crescent. Brad Blankenship, Dale Martin, Kyle Griffith, Randy Cooper and Craig Wilson of Cassidy Turley arranged the transaction on behalf of the tenant. Gensler is the architect for the project.
DALLAS — Hudson Peters Commercial has arranged a 51,400-square-foot lease at the Pyramids Office Tower for Shackelford, McKinley, Melton & Norton LLP, a Dallas law firm. The property is located at 9201 N. Central Expressway and is part of the Pyramids at Park Lane complex. Healthcare Realty Trust Inc. owns the complex. Cincha Kostman and Sanober Syed of Hudson Peters represented the landlord. The Amend Group represented the tenant.
PLYMOUTH, MINN. — CPA:18 – Global, a non-traded REIT managed by W. P. Carey Inc., has acquired a 191,000 square-foot office and research development facility in Plymouth for $43 million. The facility, purchased from Liberty Property Trust, is leased to Alliant Techsystems Inc. (ATK) for 10 years. ATK is an aerospace, defense and outdoor sports and recreation company operating in 21 states, Puerto Rico and internationally. Since moving into the building in 2001, ATK has made investments in the facility to meet its specific criteria for testing and housing specialized labs and equipment.
BEVERLY HILLS, MICH. — L. Mason Capitani CORFAC International has arranged the sale of a 33,000-square-foot office building in Beverly Hills, five miles northeast of Southfield. The Berkshire Office Building is located at 31000 Lahser Road. California-based LSTC Michigan LLC purchased the building. The asking price for the property was $1.35 million, but the final selling price was undisclosed. Seven individual tenants occupy the building. Mason L. Capitani represented LSTC Michigan in the sale.
PARSIPPANY, N.J. — Angelic Real Estate has secured $7.85 million in financing for the acquisition of three office buildings, 10 and 30 Lanidex and 299 Cherry Hill in Parsippany. A joint venture between Red River Asset Management and Lincoln Property Co. purchased the properties, which included excess land at 20 Lanidex that currently serves as additional parking. The joint venture immediately resold one of the buildings to an affiliate of Grammercy Property Trust. CorAmerica/Colony Capital provided the acquisition financing and loan. The portfolio was approximately 67 percent leased at the time of sale. Gabriel Silverstein and Louis D’Lando of Angelic Real Estate brokered the transaction.
STERLING, VA. — St. John Properties Inc. has acquired three office/flex buildings spanning 125,000 square feet for approximately $11.7 million. The properties are located at 21660, 21670 and 21680 Ridgetop Circle in the Loudoun Tech Center in Sterling, roughly eight miles northwest of Reston, Va. The properties were 36 percent leased at the time of sale. Steve Gichner and Eric Berkman of Cushman & Wakefield represented the undisclosed seller in the transaction. St. John Properties plans to make capital improvements to the properties to improve occupancy.
DALLAS — CBRE Capital Markets has brokered the sale of two uptown Dallas office buildings on behalf of Caddo Holdings LLC. The portfolio consists of 3500 Oak Lawn Ave. and 4245 N. Central Expressway. Westdale Real Estate Investment & Management purchased the assets for an undisclosed price. Eric Mackey and Gary Carr of CBRE’s Capital Markets Institutional Properties Group in Dallas represented the unnamed seller. 3500 Oak Lawn Ave. is a 101,541-square-foot office building constructed in 1980 at the intersection of Lemmon Avenue and Oak Lawn Avenue. 4245 N. Central Expressway is an 87,292-square-foot office building constructed in 1986 between the Knox/Henderson area and Fitzhugh Avenue.
BRENTWOOD, TENN. — Brasfield & Gorrie has completed the new Tractor Supply Co. corporate headquarters in Brentwood, roughly 11 miles south of Nashville. The $59 million project includes two four-story buildings totaling 260,000 square feet, a two-story atrium connecting the two buildings and a four-level parking deck with 1,000 parking spaces. Approximately 900 Tractor Supply employees have begun working from the new headquarters, which has a total capacity for 1,200 employees. The design team, including Hastings Architecture Associates and Eakin Partners, is pursuing LEED Silver certification for the office campus.
GAINESVILLE, FLA. — Info Tech, a Gainesville-based consulting and software company, will relocate its headquarters to the mixed-use Celebration Pointe project under construction in Gainesville. The company will build a new 60,000-square-foot corporate campus at the 125-acre, 1 million-square-foot development that will be located at the intersection of I-75 and Archer Road. Read more about the Celebration Pointe development here. Info Tech employs roughly 240 associates. Phase I of Celebration Pointe is expected to open in fall 2016.