SAN ANTONIO – Corporate Office Properties Trust has executed a full-building lease with the United States Government for a 160,500-square-foot building under construction in San Antonio’s Sentry Gateway office park. The building will be completed later this year with a lease start date in the first quarter of 2016.
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AUSTIN – Sizmek Inc., an open ad management platform company, is relocating its Dallas headquarters to Austin and has signed a 17,077-square-foot lease at IBC Bank Plaza in the Austin central business district. The company already has a sales and operations office in Austin. Endeavor Real Estate Group is developing the 194,749-square-foot, Class A office tower at 500 W. Fifth Street. The office portion of the tower is 90 percent leased. Will Douglas and Jerry Frey with CBRE represented Sizmek. Travis Dunaway and Jonathan Tate with Endeavor represented the landlord.
CORAL GABLES, FLA. — A10 Capital has funded a $16.8 million acquisition loan for a 10-story office building located at 901 Ponce de Leon Blvd. in Coral Gables. The office building houses the Caribbean and Latin American headquarters of American Airlines. Steve Zorich of A10 Capital structured and closed the non-recourse bridge loan on behalf of the borrower, Altis Real Estate Strategies.
SANTA ANA, CALIF. – A 105,199-square-foot office property in Santa Ana has sold to BW America Development LLC for $12 million. The building is located at 901 Civic Center Drive. It was only 8.2 percent occupied at the time of sale. The seller, Civic Center Professional Building Inc., was represented by Tom Nguyen of NAI Capital’s Asia Pacific Group.
MCKINNEY, TEXAS – London-based Barclays Bank has selected McKinney for the site of a new technology center. Barclays is a Global Fortune 500 company offering services including personal banking, credit cards and investments. The company will move into the McKinney Corporate Center 1 building at Craig Ranch. Barclays Technology Center will occupy more than 40,000 square feet of Class A office space at 6800 Weiskopf Ave. Barclays has been working on the deal since last December and expects to move into the space later this fall.
FARMINGDALE, N.Y. — Rechler Equity Partners has arranged the lease for 20,092 square feet of office space at the firm’s 146,705-square-foot 110 Bi County Blvd. in Farmingdale. BeWild.com in association with Utopia.com, an e-commerce retailer, committed to the long-term lease. Alberto Fiorini of Alliance Real Estate Corp. represented BeWild.com.
NEW YORK — Colliers International has arranged a long-term lease renewal at 469 Seventh Ave. for the Metropolitan Transit Authority (MTA) in New York. The MTA will continue to lease the entire 11th and 14th floors, totaling 34,000 square feet. The 267,000-square-foot 469 Seventh Ave. building is located at the southeast corner of West 36th Street and includes access to Penn Station and the Port Authority Bus Terminal. Eric Meyer, Marty Meyer and Dan Shavolian of Foremost Real Estate own the building. Jodi Roberts and Josh Kuriloff of Cushman & Wakefield represented the MTA in the renewal.
ST. LOUIS — ElmTree Net Lease Fund II has acquired five single-tenant net lease investment properties for $90.3 million. The acquisitions include a 34.4-acre industrial property in Fort Wayne, Ind., and four office properties in Ohio, South Carolina, Minnesota and Alabama. The build-to-suit project acquired for $52.6 million in Fort Wayne will consist of the development and construction of an approximately 333,750-square-foot manufacturing building. The office properties include a 100,800-square-foot single-tenant facility in Columbus, Ohio, purchased for $11.8 million; a 39,794-square-foot, single-tenant facility in Lexington, S.C., purchased for $5.5 million; a 75,601-square-foot, single-tenant facility in Arden Hills, Minn., purchased for $7.5 million; and a 66,500 square-foot office and call center located on an 8.8-acre land parcel in Birmingham, Ala., bought for $12.8 million. ElmTree Net Lease Fund II LLC is a real estate private equity fund sponsored by St. Louis-based ElmTree Funds LLC.
DEARBORN, MICH. — Ford Land, a subsidiary of Ford Motor Co., has opened The Executive Offices at Fairlane Plaza, a Class A executive office building in Dearborn. The executive offices feature 21 private, furnished offices in a suite with a lobby, conference rooms and kitchen. The property is located at 290 Town Center Drive. Building amenities include a full-service café, salon, courtyard, parking garage, 24/7 security and on-site property management. The executive offices are an extension of Ford Land’s small business offerings. Several years ago, Ford Land began offering suites ranging from approximately 200 to 3,000 square feet in several of its multi-tenant buildings. Ford Land hosted a ribbon cutting for the Executive Offices at Fairlane Plaza in August.
DOWNERS GROVE, ILL. — Bradford Allen Realty Services has arranged a 17,000-square-foot lease on behalf of Residential Home Health in Downers Grove. The provider of home, health and hospice services will occupy space located at 1431 Opus Place in the Executive Towers West I building. The company is relocating to Executive Towers West I from 40 Shuman Blvd. in Naperville, Ill. Joel Berger of Bradford Allen Realty Services and Troy, Mich.-based Skyline Properties represented Residential Home Health. John Norris, John Clark and Rob Lundin of Newmark Grubb Knight Frank represented ownership in the lease transaction.