CHICAGO — J.C. Anderson Inc. has completed an office build-out for The Camden Group at 29 N. Wacker Drive in Chicago. The firm, which provides management and consulting services to the health care industry, is relocating its Chicago offices from 155 N. Wacker Drive to this location. The 9,000 square foot build-out on the 10th floor includes conference rooms, private offices and a server room. The office also features exposed ceilings, new light fixtures, luxury vinyl tile flooring with wood planking, mechanical and electrical upgrades and new flooring. William Burfeind of J.C. Anderson was the project executive and Jason Hawkins of J.C. Anderson was the project manager. Horn Design provided architectural services.
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LOMBARD, ILL. — NAI Hiffman has arranged an office lease of 16,691 square feet in Lombard. Veolia Water Solutions will occupy the space within the Butterfield Centre located at 700 East Butterfield Road. The property consists of two class A buildings totaling 280,672 square feet and includes covered parking, a conference facility with auditorium, a food service area and fitness center. Mike Van Zandt and Brian Edgerton of NAI Hiffman’s Office Services Group represented Travelers Insurance in the transaction. David Tropp and Jon Springer of CBRE represented Veolia Water Solutions.
LOS ANGELES – A 19,750-square-foot creative office property in Los Angeles has sold to the American Musical and Dramatic Academy, College of the Performing Arts (AMDA) for $10 million. The building is located at 1641 Ivar in Hollywood. The space used to host the Bob Hope USO Special. The seller, boutique production firm Hello and Company, was represented by Martin McDermott of Avison Young. The firm will occupy the entire space. AMDA was represented by Christopher Bonbright, John Tronson and David Landau of the same firm. AMDA’s financing was also arranged by the firm’s Nick Roussos.
PLANO, TEXAS — Guardian Life Insurance Co. of America has opened a new facility in Plano, just north of Dallas. The office is located at 5850 Granite Pkwy. The facility will serve as Guardian’s Absence and Disability Management Solutions Center. Guardian is a mutual insurer founded in 1860 providing coverage to employees at more than 115,000 companies.
ATLANTA — CBRE Global Investors has inked leases with two new office tenants at 201 17th St., a 17-story, 350,000-square-foot office building in Atlantic Station in Atlanta’s Midtown neighborhood. YuMe Inc., a digital video brand advertiser, has leased 1,071 square feet and moved into its space in late August. Emery Cresswell of Newmark Grubb Knight Frank represented the tenant in the lease transaction. Acclaro, a marketing and advertising firm, leased 2,042 square feet and also moved into its space in August. Leigh Cofer of CBRE Inc. represented the tenant. Jeff Keppen and Nicole Goldsmith of CBRE represented CBRE Global Investors in both lease deals. Including these two transactions, there has been 15,386 square feet of leasing at 201 17th St. year-to-date.
MIAMI — JLL has arranged the $42 million sale of a 238,420-square-foot office building in western Miami. The buyer, Ryder System Inc., a global commercial transportation and supply chain management solutions company, purchased its existing corporate headquarters property for roughly $176 per square foot. The asset is located at 11690 N.W. 105th St. on a 16.8-acre parcel in the Flagler Station Business Park. Steven Medwin, Rod Loschiavo and Nick Wigoda of JLL represented Ryder in the transaction. Stuart Gordon represented the seller, an entity controlled by Flagler Development, internally.
WESTBOROUGH, MASS. — Ferris Development Group has signed a seven-year, 114,000-square-foot lease that will bring Genzyme, a Sanofi company, to One Research Drive in Wesborough. Genzyme will be relocating operations from its offices in Framingham later this year. The lease brings One Research Drive to 93 percent occupancy. John Lashar, Paul Leone and Danielle DeMarco of Transwestern | RBJ represented Ferris Development. Louis Kluger, Jeff Zell and Marc Sobel of JM Zell represented Genzyme.
CHICAGO — Regus, a shared office center operator with more than 2,000 locations worldwide, has signed a long-term, 21,000-square-foot lease at 55 E. Monroe St. in Chicago. Regus plans to commence its lease in January 2015. GlenStar Properties and its partner Walton Street Capital own the office building and signed Regus through its in-house representative Christian Domin. In the past 12 months there has been more than 140,000 square feet of new leases at 55 E. Monroe, bringing the building to 88 percent occupancy.
MONTGOMERY, TEXAS – Construction has begun on Montgomery Summit Business Park, a 96-acre, master-planned park located just north of downtown Montgomery near Lake Conroe. Phase I of the development consists of 597,200 square feet of retail, office and office/warehouse flex space. The development will be anchored by an 87,000-square-foot Uncle Bob’s Self Storage, scheduled to open in the spring of 2015.
ATLANTA —Atlanta Property Group (APG) has acquired Palisades Office Park in the central perimeter submarket from Shorenstein Properties. The Atlanta Business Chronicle reports that the 637,000-square-foot complex was acquired for approximately $95 million. The office park consists of four office buildings, two parking decks and four surface lots. It is within walking distance of two MARTA stations.?? With this acquisition, APG has now acquired nine properties since mid-2010, including The Park at Perimeter Center East and 1200 Ashwood Parkway. Combined, the three properties give APG more than 1.1 million square feet of space in Atlanta’s Central Perimeter submarket.?? Eastdil Secured represented the seller in the purchase. Shorenstein bought Palisades, which was constructed in two phases (the first in 1981 and the second in 1999), in 2007. The property is approximately 90 percent leased at this time.