Office

NGKF Named Leasing Agent for 31-Story Office Building in Oakbrook Terrace, Ill.

by Jonathan Mehall July 27, 2015

OAKBROOK TERRACE, ILL. — Newmark Grubb Knight Frank has been selected as the leasing agent for 1 Tower Lane in Oakbrook Terrace, the tallest building in the state outside of downtown Chicago. Oakbrook Terrace Tower is a Class A, 792,192-square-foot office building located in the western suburbs of Chicago. Built in 1987, the 31-story property features expansive views of the western suburbs and downtown Chicago, a fitness center, conference center, food service, on-site management, on-site security and an executive underground garage. The property also offers easy access to O’Hare airport. John Clark, Rob Lundin and John Norris of Newmark Grubb Knight Frank will lead the brokerage team.

July 27, 2015

Office Oregon Western

Nike Leases Space at AmberGlen Business Center in Beaverton

by Nellie Day July 27, 2015

BEAVERTON, ORE. — Nike has leased 105,005 square feet at the AmberGlen Business Center in Beaverton. The 217-acre business campus is 20 minutes from downtown Portland. Bradford Fletcher of Newmark Grubb Knight Frank represented Nike. Chris Johnson, MaryKay West and Brandon Frank of NAI Norris, Beggs & Simpson represented the landlord, AmberGlen Office Corp.

July 27, 2015

Georgia Office Southeast

The Brookdale Group Underway on Multimillion Dollar Renovation of Buckhead Office Tower

by John Nelson July 27, 2015

ATLANTA — The Brookdale Group has commenced a multimillion dollar capital improvement program for 3445 Peachtree, a 14-story, 287,000-square-foot office building in Atlanta’s Buckhead submarket. The Atlanta-based private equity firm purchased both 3445 Peachtree and The Pinnacle building next door in January 2015. The renovations to 3445 Peachtree, formerly known as Two Live Oak, include an overhaul to the lobby, modernized elevators, landscaping upgrades, enhanced front and garage entrances and a freshly painted exterior. The lobby upgrades are expected to be finished in October and the remaining renovations will be completed in early 2016. The Brookdale Group has tapped Niles Bolton Associates as the architect for the renovations and Transwestern as the construction manager. DTZ currently provides agency leasing services at the building, and Transwestern provides property management services. Originally built in 1969, 3445 Peachtree is now ENERGY STAR rated and is currently 82 percent leased to 23 national and regional tenants. The property is operated in tandem with The Pinnacle building.

July 27, 2015

Office South Carolina Southeast

Garrison Investment Group Inks Nearly 100,000 SF in Leases in Greenville Office Portfolio

by John Nelson July 27, 2015

GREENVILLE, S.C. — Garrison Investment Group has signed nearly 100,000 square feet of office space to new tenants at its eight-building office portfolio in Greenville. The leases include Ahold leasing 26,000 square feet at 651 Brookfield Parkway; The Gordian Group leasing 21,000 square feet at Patewood 2 in Office Park Patewood; and Real Page leasing 46,400 square feet at Patewood 3. Other new tenants at Patewood include NFP, OB Hospitalist Group, Auto-Owners, Palmetto Security Group and Keyence Corp. of America. The portfolio is managed by Trinity Partners, asset-managed by Trinity Capital Advisors, and leased by CBRE. Charles Gouch, Blaine Hart and Shelby Dodson of CBRE represented Garrison Investment Group in the new lease transactions. Garrison recently completed a $2 million capital improvement program at its portfolio comprising the addition of a fitness center at Office Park Patewood, new signage and lobby upgrades.

July 27, 2015

New Jersey Northeast Office

Brown Brothers Harriman Leases 114,798 SF at Harborside Plaza 5

by Amy Works July 24, 2015

JERSEY CITY, N.J. — Brown Brother Harriman, a private bank, has signed an 11-year lease for 114,798 square feet at Mack-Cali Realty Corp.’s Harborside Plaza 5 in Jersey City. The company will be transferring more than 500 employees to the new location, a 977,225-square-foot office tower on the waterfront. Scott Gamber, Robert Stillman and Peter Gamber of CBRE represented the tenant, while Chris DeLorenzo and Tom Savoca of Mack-Cali, along with Mark Ravesloot, Peter Turchin, Gerry Miovski, Suzanne Macnow and Arkady Smolyansky of CBRE, represented the landlord in the transaction.

July 24, 2015

Office Texas

Abilene Christian University Leases Space for Campus in Metro Dallas

by Haisten Willis July 24, 2015

ADDISON, TEXAS — Abilene Christian University (ACU) has signed a long-term lease for 25,000 square feet of office space at One Hanover Park, an eight-story, 195,894-square-foot, Class A office building located at 16633 N. Dallas Parkway in Addison. PMRG’s Kurt Cherry, Brittany Ricketts and Shea Byers handled the deal internally for the firm. Holden Lunsford and James Engels of Holt Lunsford Commercial represented ACU. Built in 1998, One Hanover is located along the Dallas North Tollway and is 96 percent occupied.

July 24, 2015

Loans Office Texas

NorthMarq Secures $16.5M Refinancing of Landmark Towers in Oklahoma City

by Haisten Willis July 24, 2015

OKLAHOMA CITY — Robert Hervey and Mark Dodson of NorthMarq Capital’s Los Angeles office have arranged the $16.5 million refinancing of Landmark Towers, a 274,656-square-foot office property located at 3335-3555 NW. 58th St. in Oklahoma City. The transaction was structured with a 10-year term, five years of interest-only payments and a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its relationship with a CMBS lender.

July 24, 2015

Office Washington Western

American Realty Advisors Acquires Amazon-Occupied Building in Seattle

by Nellie Day July 24, 2015

SEATTLE — American Realty Advisors has purchased a 317,000-square-foot mixed-use building in Seattle’s South Lake Union neighborhood for a reported $215 million. The 12-story high rise is located at 2201 Westlake. Office and retail tenants include Amazon and global health company PATH. Amazon currently occupies more than half of the property. Bang & Olufsen, West Elm, Einstein Bagels and Ann Sacks Tile & Stone occupy the retail space. American is acquiring all of the building’s office and retail components. The property also includes the 135-unit Enso condominiums. The seller was Vulcan Real Estate. CBRE’s Kevin Shannon executed the transaction.

July 24, 2015

Office Texas

Trademark Property Co. Completes WestBend 2 Office Building in Fort Worth

by Haisten Willis July 23, 2015

FORT WORTH, TEXAS — Trademark Property Co. has completed a 57,000-square-foot Class A office building, named WestBend 2, at its WestBend mixed-use development in Fort Worth. Located at 1701 River Run Road, the three-story building is situated on top of The Fresh Market grocery store and other retailers and restaurants opening at WestBend. The adjacent Trinity Trails provides access to walking or biking and allows for Trinity River views from all floors. Additional amenities include outdoor seating and meeting space, bicycle storage, onsite locker rooms with showers and garage parking separate from retail parking. Regus, a provider of flexible workspace, will outfit 15,000 square feet at WestBend. The new office building is part of the redevelopment efforts underway at WestBend, which upon completion in fall 2015 will include 278,000 square feet of retail, dining and office space. Current WestBend tenants include Zoë’s Kitchen, East Hampton Sandwich Co. and Silver Fox.

July 23, 2015

Office Texas

The Richland Cos. Acquires Office Building in Houston

by Haisten Willis July 23, 2015

HOUSTON — The Richland Cos. has acquired 550 Post Oak, an office property located in Houston’s West Loop submarket. The building will become Richland’s new corporate headquarters, replacing its previous location in Memorial Post Oak. The 53,872-square-foot, six-story building sits on one acre at the northeast corner of Post Oak Boulevard and Post Oak Park. The multi-tenant property offers tenants card-key access, on-site management and podium-style parking. Additional amenities will include a gym, car washing services, laundry and dry cleaning pickup, food trucks twice a week and multiple high-end services. Richland plans on taking occupancy in September, with the exterior transformation beginning shortly thereafter. 550 Post Oak becomes Richland’s 14th property in Houston, marking 1.7 million square feet of properties owned and managed by the company.

July 23, 2015

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