Office

J.C. Anderson Completes 82,000 SF Office Renovations in Chicago

by Danielle Everson January 20, 2015

CHICAGO — J.C. Anderson Inc. has completed an 82,000-square-foot office build-out for Havas Worldwide at 36 E. Grand Ave. in Chicago. The project included renovating the entire third and fourth floors to create an open floor plan. Features of the new space include 17-foot exposed ceilings, a winding staircase to connect the two floors as well as high-end finishes throughout. J.C. Anderson installed a “town hall” area for full company gatherings with expandable bleachers, a broadcast studio, spray-painting station and in-office bike racks. The firm also coordinated the installation of a state-of-the-art AV system throughout the office. Project Executive, Seth Erlich, led the construction team along with Darrel Panfil as project superintendent. Gary Lee Partners provided the architectural services and the construction manager was Mace North America. Founded in 1991, Havas Worldwide is an integrated marketing communications agency headquartered in New York.

January 20, 2015

Office Texas

NAI Arranges 4,000 SF Office Lease in Houston

by Haisten Willis January 20, 2015

HOUSTON — NAI Partners has arranged the lease of 4,000 square feet of office space at 1500 S. Dairy Ashford in Houston. Drew Crawford of NAI Partners represented the landlord, Aque Investment Group, while Wyatt McCulloch and Lucian Bukowski o CBRE represented the tenant.

January 20, 2015

Atlanta Downtown Improvement District 34 Peachtree

Georgia Office Southeast

Atlanta Downtown Improvement District Relocates to 34 Peachtree

by John Nelson January 20, 2015

ATLANTA — The Atlanta Downtown Improvement District (ADID), a public-private partnership founded in 1995, has relocated its headquarters from the Olympia Building near Woodruff Park to 34 Peachtree St. in Atlanta. The Olympia Building had been ADID’s home for the past six years, but Illinois-based CSH-23 Peachtree LLC acquired the historic building in late 2013 and has begun renovating the property to bring a super-sized Walgreens to the neighborhood. ADID’s new headquarters occupy 8,200 square feet of space on the first floor and lobby level of 34 Peachtree, just one block north of Five Points. The Creations Group, in partnership with Fairlead Commercial Real Estate LCC, purchased 34 Peachtree around the same time that the Olympia Building was sold.

January 20, 2015

Office Texas

Vanguard Arranges Sale of Office Building in Metro Dallas

by Haisten Willis January 19, 2015

ROCKWALL, TEXAS — Vanguard Real Estate Advisors, a Dallas-based real estate advisory firm, has arranged the sale of the Rockwall Commons office building. The property is located in the Dallas suburb of Rockwall. Jordan Cortez of Vanguard marketed the asset on behalf of an affiliate of the seller, Tabani Group. Bowman Investment Group LLC was the buyer. The Class A property was built in 2008 in conjunction with the Rockwall Commons mixed-use development, which includes a 202-unit luxury apartment community and retail suites located along Ridge Road, 1.5 miles north of I-30. The building was 100 percent leased at the time of sale to a mix of national and local tenants. The buyer assumed an existing CMBS loan as part of the transaction.

January 19, 2015

Illinois Midwest Office

IMPACT Strategies Completes Construction on TAMAR II Office Building in Shiloh, Ill.

by Danielle Everson January 19, 2015

SHILOH, ILL. — IMPACT Strategies has completed construction of the TAMAR II Office Building in Shiloh. The property is located at 1116 Hartman Lane. The $2 million project began in July 2014 and was completed three weeks ahead of its scheduled completion in January. TAMAR Properties is the owner and developer. The office building will primarily serve as HSHS Medical Group’s new 5,500-square-foot multi-specialty medical clinic. The building’s additional space will be occupied by Fulford Homes starting in March. IMPACT Strategies project manager Will Stajduhar managed the project along with project assistant Kari Stevens and superintendent Jason Jones. EWR Associates Inc. of Fairview Heights provided architectural services for the project.

January 19, 2015

California Office Western

ASML US Leases Space at THE Campus in San Jose

by Nellie Day January 19, 2015

SAN JOSE, CALIF. – ASML US has leased 92,842 square feet of creative office space at THE Campus in San Jose. The property is located at 399 Trimble Road. This building is also occupied by Verizon Corporate Services. ASML US was represented by Jeff Ramirez of Newmark Cornish & Carey. Bixby Land Company was represented by CBRE’s Christian Marent, Rob Shannon and Vincent Scott.

January 19, 2015

Massachusetts Northeast Office

Columbia Property Trust Buys 274,218 SF Boston Office Building for $152M

by Amy Works January 19, 2015

BOSTON — Columbia Property Trust has purchased an office building located at 116 Huntington Ave. in Boston’s Back Bay submarket. Broadway Partners, advised by Soundport Capital LLC, sold the 274,218-square-foot property for $152 million. Constructed in 1991, the 15-story building offers views of the Back Bay, Seaport and South End submarkets, as well as the Charles River. Coleman Benedict, Ben Sayles and Patrick McAneny of HFF marketed the property for the seller and procured the buyer in the transaction.

January 19, 2015

Industrial New Jersey Northeast Office

Sitex Group Acquires New Jersey Sharp Plaza for $40M

by Amy Works January 19, 2015

MAHWAH, N.J. — Sitex Group has acquired Sharp Plaza, a mixed-use campus located in Mahwah, for $40 million. Situated on the New York state border at the intersection of Routes 17 and 287, the campus includes a three-story, 147,000-square-foot Class A office building, a 350,000-square-foot warehouse building and 23 acres of undeveloped land. The office building is currently leased to Sharp as its North American headquarters on a long-term basis. The warehouse, which is expandable by 200,000 square feet, currently has an 80,000-square-foot vacancy. The remainder of the warehouse is long-term leased to Sharp and Amazing Savings. Sitex Group plans to reposition the warehouse vacancy and market the vacant land for office or warehouse build-to-suit opportunities. McBride Real Estate represented Sitex Group in the acquisition.

January 19, 2015

California Office Western

Buchanan Street Buys Cornerstone Heights Corporate Center in San Diego

by Nellie Day January 16, 2015

SAN DIEGO — Buchanan Street Partners has acquired Cornerstone Heights Corporate Center, a 97,945-square-foot office property in the San Diego submarket of Sorrento Mesa, for $23.1 million. The two-building center is located at 5959 & 6059 Cornerstone West. The center is 91 percent leased to three tenants, including Konica Minolta, Verimatrix and Tillster. It was developed in 1987. Both buildings recently underwent significant renovations. The seller, a partnership between Lincoln Property Company and Artemis Real Estate Partners, was represented by DTZ’s Rick Reeder and Brad Tecca. The firm’s Brett Ward will lead the center’s leasing efforts.

January 16, 2015

Massachusetts Northeast Office

The Davis Companies Sells Six-Story Office Building in Boston’s Seaport District

by Amy Works January 16, 2015

BOSTON — The Davis Companies has completed the disposition of an office building located at 24 Farnsworth St. in Boston’s Seaport District. Unitarian Universalist Association (UUA), the lead tenant, acquired the property through a previously negotiated lease-to-purchase agreement for an undisclosed price. UUA will relocate its headquarters from Boston’s Beacon Hill neighborhood to the six-story, 74,554-square-foot property. The building offers open floor plans and abundant natural lighting. An investment fund of The Davis Companies originally purchased the mortgage note on the property in May 2012, when the building was only 14.5 percent leased. Within 10 months of the mortgage note acquisition, The Davis Companies brought the property to full occupancy when UUA agreed to move its headquarters to the building. UUA is now exercising its option to purchase, which was part of its new 10-year lease for the remainder of the building.

January 16, 2015

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