SANTA CLARA, CALIF. – Computer Associates has leased 53,716 square feet of space at Santa Clara Towers. The two-building, Class A campus is located at 3965 Freedom Circle in Santa Clara. The landlord, Shorenstein, was represented by Phil Mahoney, Randy Gabrielson and Mike Saign of Cornish & Carey Commercial Newmark Knight Frank.
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BELLEVUE, WASH. — Hitachi has expanded its footprint at Bellevue Technology Center by leasing 35,000 square feet of space. The center is located in the eastside submarket of the Puget Sound region. It is 83 percent leased. Hitachi was represented by JLL’s Ryan Atkinson, Chris Hughes and Steve Schwartz. The landlord, KBS Strategic Opportunity REIT, was represented by JLL’s Mark Flippo and JJ Shepard.
VANCOUVER, WASH. – BergerABAM has leased 8,000 square feet of office space in downtown Vancouver. The property is located at 210 E 13th Street. The engineering and environmental firm will be relocating from nearby 1111 Main Street. BergerABAM was represented by Eric Turner of Cresa. The landlord, Block 56 LLC, was represented by JLL’s Tom Shimota and John Lee.
FORT WORTH — CBRE has arranged $58 million in financing for Chesapeake Plaza, a 20-story, Class A office building in Fort Worth. CBRE worked on behalf of the borrower, Hines, while BBVA Compass provided the floating-rate loan. Chesapeake Plaza is a 460,000-square-foot office building with on-site amenities including a gym, café and dining area. The property was built in 2004 as the corporate headquarters for Pier 1 Imports. The seller, Chesapeake Energy, bought the building in 2008 during a time it acquired interests in the Barnett Shale. As part of the sale, the property will be renamed the Pier 1 Imports Building. Greg Greene and Scott Lewis with CBRE’s Dallas office worked on the loan.
CHARLOTTE, N.C. — SunTrust Bank has expanded its new regional headquarters in the Sharon Square mixed-use development in Charlotte’s SouthPark submarket. SunTrust has expanded its footprint by 19,000 square feet to accommodate the growth in its wholesale banking and private wealth management divisions. Sharon Square is now more than 80 percent leased to tenants such as Whole Foods Market, Corkbuzz Wine Studio and Dogwood Southern Table & Bar. Sharon Square’s ownership, Pappas Properties and Allen Tate Co., inked the lease with SunTrust. The Atlanta-based bank’s regional headquarters is expected to open later this fall.
CHICAGO — MB Real Estate has arranged a lease renewal and expansion for Dale & Gensburg P.C. at 200 W. Adams in Chicago. The Chicago-based law firm provides legal services to small and mid-sized businesses and individuals. The firm renewed its existing 4,033-square-foot lease on the 24th floor of the 32-story central Loop office property andexpanded by 1,470 square feet to accommodate its growing operations. Andrew Davidson and Christine Torres of MB Real Estate’s corporate services and tenant advisory group represented Dale & Gensburg in the lease negotiations. The building’s owner, Lincoln Property Co., was self-represented by Genny Emerson.
PHOENIX – A 34,440-square-foot back-office building in Phoenix has sold to the Sharp Family Revocable Trust for $5.4 million. The building is located at 4832 E. McDowell Road. It is fully leased to LogisticCare Solutions, which holds a long-term, triple-net lease. Erik Marsh and Goodall “Hook” McCullough of Newmark Grubb Knight Frank represented the trust. The seller, VWP McDowell LLC (ViaWest Group), was represented by Andy Bogardus, Steve Lindley, Bob Buckley and Tracy Cartledge of Cassidy Turley’s Capital Markets Group.
PHOENIX — DriveTime Automotive Group has leased 14,278 square feet of space at Camelhead Square in Phoenix. The center is located at 3033 N. 44th Street. The used vehicle retailer’s new lease brings Camelhead’s occupancy to 80 percent. Other tenants at the square include Hill & Usher and Sovereign Healthcare. DriveTime was represented by CBRE’s Tom Adelson. The landlord, Sun Life Assurance Company, was represented by Chris Latvaaho, Chris Nord and Michael White of Cushman & Wakefield.
FORT LAUDERDALE, FLA. — Dockerty Romer & Co. has arranged a $19.7 million loan for two Class A office buildings in Fort Lauderdale’s Cypress Creek submarket. The properties, Cypress Plaza and Park Center, span a combined 158,737 square feet. Craig Romer of Dockerty Romer arranged the financing through NXT Capital on behalf of the borrower, Mainstreet Capital Partners.
RALEIGH, N.C. — NorthMarq Capital has arranged a $14.6 million refinancing of The Summit, a 121,250-square-foot office building in Raleigh. Todd Crouse of NorthMarq Capital arranged the seven-year loan with a 30-year amortization schedule through an unnamed life insurance company.