CARLSBAD, CALIF. — Pacific Ridge Commerce Center, a 52,416-square-foot office and industrial park in Carlsbad, has sold to Sunwood Pacific Ridge LLC for $5.8 million. The center is located at 1945 and 1947 Camino Vida in the Carlsbad Airport Centre. The property will be renamed Sunwood Pacific Ridge. Marc Doyle of Cassidy Turley represented the buyer, which is also a subsidiary of Sunwood Ventures. The seller, Betty Ann Robinson Trust, was represented by Kent Moore of the same firm. Moore and Doyle will also serve as the property’s leasing agents. Property management will be provided by Eugene Burger Management Corporation.
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ALBUQUERQUE — Contrast Optical Design and Engineeringhas leased 4,051 square feet at the Uptown Building in Albuquerque. The building is located at 6100 Uptown Blvd. NE. The female-owned small tech business will be located on the fifth floor. Contrast was represented by CBRE’s Marguerite Haverly and Brent Tiano. The landlord, Rosemont Realty, was represented by CBRE’s Terri Dettweiler.
DALLAS — Rochon Family Office has signed a 9,446-square-foot lease with Dallas-based Harwood International. Rochon is moving its headquarters to the penthouse of the Frost Tower, which is scheduled to open in the spring of 2015. Jihane Boury and David Roehm of Harwood International worked on the lease along with Randy Cooper and Charlie Morris of Cassidy Turley and Ryan Mack of Rochon. The company is privately held, with operations in 40 countries.
ATLANTA — Mission Capital Advisors LLC has arranged the sale of a $50 million loan secured by The Forum at West Paces, a nine-story trophy office tower in Atlanta’s Buckhead submarket. The 222,457-square-foot property is located within the 17-acre Piazza at Paces mixed-use development. Parkway Properties, a national REIT traded on the New York Stock Exchange, purchased the loan from an undisclosed seller. Will Sledge and Patrick Arnold of Mission Capital represented the seller in the transaction.
DURHAM, N.C. — Medalist Capital has arranged financing for more than 600,000 square feet of Class A office space within the American Tobacco Campus in Durham. The eight office buildings are 98 percent leased. Howard Brooks and Don Williams of Medalist Capital arranged the non-recourse loan through an unnamed life insurance company on behalf of the borrower, Capitol Broadcasting Co. Inc.
JERSEY CITY, N.J. — CitiStorage, a records management company, has renewed its warehouse lease in Jersey City. The company occupies 150,000 square feet at 107-151 West Side Ave. Founded in 1990 and headquartered in Brooklyn, N.Y., CitiStorage serves the healthcare, legal, financial services, corporate and small business markets, along with various government agencies and special interest organizations in the New York metropolitan area. Stan Danzig, Jules Nissim and Stephen Elman of Cushman & Wakefield’s East Rutherford, N.J., office brokered the long-term lease.
HOFFMAN ESTATES, ILL. — J.C. Anderson has completed a 70,000-square-foot, three-floor office build-out for Omron Corp. in Hoffman Estates, Illinois. Omron, an automation company, is relocating its head office for its North and South America Group from Schaumburg to the Greenspoint Office Park in northwest suburban Hoffman Estates. Located at 2895 Greenspoint, Omron will occupy the first three floors of the office building. The new offices feature open office areas, private offices and conference rooms as well as a training center, fitness room, lunchroom and laboratory facilities. The space also includes high-end finishes, wood slat ceilings and decorative metal screens throughout. Gensler provided the architectural services for the project. JLL served as the project manager. J.C. Anderson’s team who led the project included Steven Boulukos, Seth Erlich and Marty Powers.
SCOTTSDALE, ARIZ. — Apogee Physicians has signed a lease for 27,727 at Scottsdale Quarter’s new 170,000-square-foot office building. The development is located at the southeast corner of Scottsdale Road and the Greenway-Hayden Loop in North Scottsdale. Scottsdale Quarter will eventually be a 1.2-million-square-foot lifestyle center with retail, office and luxury residential components. It is being developed by Glimcher Realty Trust. Apogee Physicians is currently headquartered in the Camelback Corridor. This new lease will allow the company to expand. The six-story tower is expected to open next summer. Glimcher was represented by CBRE’s Brad Anderson and Michael Strittmatter.
ALLEN, TEXAS — Marcus & Millichap has arranged the sale of the Allentown Office Building, a 29,979-square-foot office property in Allen, a northern suburb of Dallas. Ron Hebert of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a partnership. Hebert also procured the buyer, a private investor who purchased the property in a 1031 tax-deferred exchange. Allentown Office Building is located at 100 Allen Parkway in Allen, less than one mile from North Central Expressway. The two-story property was built in 1985 on 3.6 acres. The property was 80 occupied at the time of sale.
MARIETTA, GA. — Atlanta-based Fairlead Commercial Real Estate has acquired Parkway Center, two 12-story, Class A office towers totaling 458,861 square feet in Marietta, a northern suburb of Atlanta. The properties are located on a 16-acre parcel directly off of I-75 and South Marietta Parkway. Fairlead and its equity partners, Bridge Investments Group Partners, managers of the ROC Funds, purchased the buildings directly from the seller for an undisclosed price. Fairlead plans to invest approximately $4.5 million to upgrade the towers’ operating systems, common areas and tenant amenities. Jeff Shaw, Jim Caswell and Stewart Thrash of Fairlead will handle leasing Parkway Center, which was 54 percent occupied at the time of sale.