Office

SACA Brokers Sale of Warehouse/Office Building in San Antonio

by Haisten Willis February 17, 2015

SAN ANTONIO — San Antonio Commercial Advisors (SACA) has brokered the sale of 5150 Service Center Drive, an industrial building in northeast San Antonio. SACA’s Zach Dobin and Ed Cross represented the seller, Custom Food Group of Dallas. SACA marketed the 30,000-square-foot facility and worked with the buyers’ representative to close the sale in December 2014. The buyer, Urrea Professional Tools, designs tools used in transportation and oil and gas industries. SACA is an independently owned and operated member of the Cushman & Wakefield alliance.

February 17, 2015

JLL Brokers Three Transactions for SHI International in New Jersey

by Amy Works February 17, 2015

PISCATAWAY AND SOMERSET, N.J. — JLL has represented SHI International in three separate transactions, totaling 870,000 square feet, in New Jersey. SHI sold a 153,000-square-foot office building, located at 33 Knightsbridge Road in Piscataway, to Rutgers, The State University, for an undisclosed price. Bill Brown of Cushman & Wakefield represented the buyer in the transaction. Additionally, SHI completed a 10-year lease with Trammell Crow Co. and Clarion Partners for a 305,751-square-foot warehouse located at 10 Knox Dr. in Piscataway. SHI will use the newly constructed facility to accommodate its growing warehouse and configuration business. Nathan Demetsky and Paul Torosian of JLL represented the building owner in the deal. In the final transaction, SHI acquired a 414,000-square-foot office building, located at 300 Davidson Ave. in Somerset, from MetLife Inc. for an undisclosed price. The building is located adjacent to SHI’s headquarters at 290 Davidson Ave. Jeffrey Dunne of CBRE Inc. represented MetLife in the transaction.

February 17, 2015

Massachusetts Northeast Office

CBT Architects Selected to Transform Spear Street Capital’s Riverworks Property

by Amy Works February 17, 2015

WATERTOWN, MASS. — Spear Street Capital has selected CBT Architects to reposition its 200,000-square-foot Riverworks property in Watertown. CBT Architects plans to transform the three historic mill buildings into an integrated office campus. The company will renovate and upgrade the common areas, including the courtyard, lobby and café; upgrade signage; and perform general architectural services for the property, such as space planning. CBT’s design for the property blends a mix of modern and traditional materials and motifs to create inviting and attractive spaces. The project includes work on the main entrance/arrival area, lobby, common hallways and elevator lobbies and fitness center, as well as the café and dining spaces located along the Charles River.

February 17, 2015

Healthcare Massachusetts Northeast Office

Vantage Builders Completes 55,000 SF Renovation for Omnicare

by Amy Works February 17, 2015

PEABODY, MASS. — Waltham, Mass.-based Vantage Builders Inc. has completed a 55,000-square-foot renovation project for Omnicare Inc. Located at Two Technology Dr. in Peabody, the $1.3 million project includes the creation of new office, pharmacy and shipping/receiving space for the company. The first phase of the project was an interior gut of the building, including the removal of pre-existing offices and structural walls. Additionally, the work included a completely new electrical distribution and lighting, mechanical and plumbing work and new VCT flooring. The office build-out encompassed 16,000 square feet and created a dozen new offices and rooms for cubicles. The new space also includes a lunchroom and high-tech training center with room for 40 trainees. The 22,000-square-foot pharmacy area offers ample room to Omnicare’s staff and robotics equipment, while the shipping area offers 22-foot clear heights and a built-in ramp. Vantage also installed a new HVAC system for the property. The project team included PFB Architects Inc. and Melling Engineering. The building, which is part of Centennial Park, is owned by Combined Properties.

February 17, 2015

Northeast Office Pennsylvania

NGKF Brokers Relocation of PSU Center in Pittsburgh

by Amy Works February 17, 2015

PITTSBURGH — Newmark Grubb Knight Frank (NGKF) represented Pennsylvania State University (PSU) in the relocation of the Penn State Center and Exchange. PSU has signed a lease for 11,000 square feet at the Energy Innovation Center, which is located at 1435 Bedford Ave. in the Hill District neighborhood of Pittsburgh. Constructed in 1930, the 185,000-square-foot facility formerly served as the Connelly Trade School. The Penn State Center will occupy the first floor of the property, which is undergoing LEED Platinum certification. PSU is slated to occupy the property in April. Tom MacDonald of NGKF represented PSU in the transaction.

February 17, 2015

North Carolina Office Southeast

CBRE Brokers Sale of Time Warner Cable Building in Charlotte

by John Nelson February 17, 2015

CHARLOTTE, N.C. — CBRE has brokered the sale of the Time Warner Cable Building in Charlotte’s I-77 submarket for an undisclosed sales price. The 113,600-square-foot building is fully occupied by Time Warner Cable and serves as a call center, office and operations facility. Patrick Gildea led CBRE’s Charlotte team in brokering the transaction.

February 17, 2015

Industrial Office Texas

CBRE to Facilitate Online Auction of 22,750 SF Warehouse/Office Property in Austin

by Danielle Everson February 16, 2015

AUSTIN, TEXAS — CBRE Auction Services is facilitating the online auction of 4266 Felter Lane — a combined 22,750-square-foot warehouse and office space on a two-acre site in Austin — as part of a bankruptcy court order. The property is situated two miles from the intersections of U.S. Route 183 and McKinney Falls Parkway, 3.6 miles from I-35 and Texas State Highway 71, and four miles from U.S. Route 183 and Texas State Highway 71. The property will be sold to the highest bidder at or above $400,000. The online auction will be held on Wednesday, March 11. Built in 1984, the one-story property’s warehouse space is approximately 16,750 square feet with an additional 6,000 square feet of office space. The site is currently zoned I-RR (Interim Rural Residence District Designation) and has fenced inside storage.

February 16, 2015

Illinois Midwest Office

Morgan/Harbour Completes 20,000 SF Office Build-Out in Downers Grove, Ill.

by Danielle Everson February 16, 2015

DOWNERS GROVE, ILL. — Morgan/Harbour has completed a 20,000-square-foot office renovation for LexTech Global Services in Downers Grove. The property is located at 1431 Opus Place within the Executive Towers West I building. LexTech, an enterprise mobile app development firm, is relocating its headquarters to this property from 3080 Ogden Ave. in Lisle, Ill. The build-out included the addition of 27 private offices, large collaboration areas, six conference rooms, 15 team rooms and video conferencing rooms. Features of the new space include exposed construction ceilings, fabric panel ceilings, LED light fixtures and custom millwork throughout. Morgan/Harbour’s construction team included Ben Warriner Sr., Andy MacMillan, Noah Warriner, Marrico Crum and Tom Sawa. Newman Architecture provided architectural services for the project.

February 16, 2015

Loans New York Northeast Office Retail

Meridian Capital Arranges $15.5M in Refinancing for NYC Office/Retail Property

by Amy Works February 16, 2015

NEW YORK CITY — Meridian Capital Group has negotiated a $15.5 million mortgage for the refinancing of an office and retail property located in First Avenue in New York City. The borrower is First Broadway Acquisition LLC, an affiliate of Himmel + Meringoff Properties. The seven-year loan, provided by a local commercial bank, features a 3.75 percent fixed-rate and one year of interest-only payments. Allan Lieberman, Jeffrey Berkes and Asher Half of Meridian Capital Group arranged the financing. Located at 1114 First Ave., the 45,000-square-foot building is occupied by Hartstrings, a children’s apparel store, and Memorial Sloan Kettering Cancer Center.

February 16, 2015

Florida Office Southeast

CBRE Brokers $140M Sale of Office Tower in Miami’s Brickell Neighborhood

by John Nelson February 16, 2015

MIAMI — CBRE has brokered the $140 million sale of 777 Brickell Ave., a 288,485-square-foot office tower located in Miami’s Brickell neighborhood at the intersection of Brickell Avenue and S.E. 8th Street. The 13-story asset also features an adjacent five-story parking garage. An unnamed private investment group from South America purchased the waterfront office tower from an institutional investor advised by CBRE Global Investors. The office building is currently 93 percent leased to 29 tenants. Christian Lee, Charles Foschini, Christopher Apone, Amy Julian and Jose Lobon of CBRE Capital Markets represented the seller in the transaction. Brian Gale and Andrew Trench of Taylor & Mathis helped the CBRE Capital Markets team market 777 Brickell Ave.

February 16, 2015

Newer Posts

Older Posts