Office

HFF Arranges $39.5M Sale of Office Property in Rye

by Amy Works November 25, 2014

RYE, N.Y. — HFF has brokered the sale of International Corporate Center at Rye, an office property located in Rye, Westchester County, N.Y. Faros Properties sold the 180,000-square-foot, Class A property for $39.5 million. Located at 555 Theodore Fremd Ave., the property, which was renovated in 2012, features three office buildings connected by a five-story glass rotunda lobby. On-site amenities include a fitness center, cafeteria, conference center with boardroom and an outdoor tenant courtyard. At the time of sale, the property was 98 percent leased to tenants in the financial service, private equity, law and consumer product sectors. Jeff Julien, Jose Cruz and Andrew Scandalios of HFF represented the seller. Richard Goldstein of Goldstein & Associates Realty represented the undisclosed buyer in the transaction.

November 25, 2014

Massachusetts Northeast Office

Sophos Inks 42,000 SF Lease for Regional HQ in Burlington

by Amy Works November 25, 2014

BURLINGTON, MASS. — Sophos, a developer and vendor of computer security software and hardware, has leased 42,000 square feet of office space at 3 Van de Graaff Drive in Burlington. The company will use the space for its regional headquarters. Built in 1999 and fully renovated in 2007, the four-story property offers 295,000 square feet of office space. On-site amenities include a cafeteria, fitness center, an open courtyard and conference center. John Boyle, Ryan Romano and Kevin McNamara of Cassidy Turley represented Sophos in the 10-year deal. Steven Murphy of CBRE represented the landlord.

November 25, 2014

Office Texas

NorthMarq Arranges $18.3M Refinancing of Office Property in San Antonio

by Haisten Willis November 25, 2014

SAN ANTONIO — NorthMarq Capital’s San Antonio office has arranged the $18.3 million refinancing of Concord Park II, a 121,698-square-foot office property located at 401 E. Sonterra Blvd. in San Antonio. The seven-year loan included a 25-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with AIG, a life insurance company. Tenants at the property include Baker Hughes, Microsoft Corp., Weatherford International, Liberty Mutual and Raymond James Financial, Inc.

November 25, 2014

California Office Western

Milender White Construction Leases Space at Newport Beach Office Building

by Nellie Day November 25, 2014

NEWPORT BEACH, CALIF. – Milender White Construction has leased 3,391 square feet of space at an office building in Newport Beach. The 75,333-square-foot building is located at 1401 Dove. The firm is relocating from nearby Irvine. Milender Whit was represented by Scooter Dodd of S & P Commercial. The landlord, Palm Springs Village-309 LLC, was represented by Oliver Fleener of PM Realty Group.

November 25, 2014

Colorado Office Western

Fort Collins Office Building Sells for $2.7M

by Nellie Day November 25, 2014

FORT COLLINS, COLO. – An 11,750-square-foot office building in Fort Collins has sold to URDA LLC for $2.7 million. The building is located at 3702 South Timberline Road. The buyer was represented by Brian Mannlein of Cassidy Turley and Charlie Koons of Mountain ‘n Plains. The seller, CFG Real Estate LLC, was represented by Stuart Thomas of Cassidy Turley.

November 25, 2014

Colorado Office Western

Fort Collins Office Building Sells for $2.7M

by Nellie Day November 24, 2014

November 24, 2014

Colorado Office Western

Unbridled Holdings Acquires Grant Street Mansion in Denver

by Nellie Day November 24, 2014

DENVER – Unbridled Holdings LLC has acquired Grant Street Mansion, a 20,000-square-foot, historically designated mansion in Denver, for an undisclosed sum. The mansion is located at 1115 Grant Street in the Capitol Hill neighborhood. The property was originally built in 1892. It currently contains 28 converted office suites within the four-story, 16,000-square-foot main house, and three office suites within a two-story, 4,000-square-foot carriage house. The mansion was 95 percent occupied at the time of sale. The seller was Pathfinder Partners. The transaction was executed by Tim Finholm of Unique Properties.

November 24, 2014

California Office Western

Independent Capital Management Leases Space in Newport Beach

by Nellie Day November 24, 2014

NEWPORT BEACH, CALIF. – Independent Capital Management has leased 3,975 square feet of space at an office building in Newport Beach. The 75,333-square-foot building is located at 1401 Dove. The firm is relocating from nearby Irvine. Independent Capital Management was represented by Cameran Lindee of CBRE. The landlord, Palm Springs Village-309 LLC, was represented by Oliver Fleener of PM Realty Group.

November 24, 2014

Alabama Office Southeast

PointOne Holdings, ESJ Capital Buy Three Office Buildings in Birmingham for $51M

by John Nelson November 24, 2014

BIRMINGHAM, ALA. — PointOne Holdings and ESJ Capital Partners have partnered up to acquire three Class A office buildings totaling 377,921 square feet in Birmingham for $51 million. The properties, known as International Park and Blue Lake Center, have a blended occupancy of 90 percent. International Park and Blue Lake are leased to tenants such as Tyco, Prudential, Hoffman Media, Command Alkon, BE&K, Martin Marietta Materials, Principal Financial, RxBenefits, EBSCO, BASS, McKesson Corp., Home Mortgage of America and IBM. The office portfolio will be managed and leased by CBRE’s Birmingham office, which is also one of its current tenants. PointOne Holdings obtained a non-recourse, fixed-rate CMBS loan with a 10-year term from Starwood Mortgage Capital to complete the acquisition. Charles Foschini and Jason Hochman of CBRE Capital Markets arranged the acquisition loan.

November 24, 2014

Office Texas

NAI Houston Arranges Office Lease in Metro Houston

by Haisten Willis November 24, 2014

DEER PARK, TEXAS — NAI Houston represented 1101 Howard LLC in the lease of a 15,300-square-foot industrial spec building on one acre in Deer Park. Standard Alloys Inc. is the tenant for the space, which is located at 1101 Howard Drive. John Ferruzzo of NAI Houston represented the landlord in the negotiations. Thomas Leger and Chase Cribbs of The National Realty Group represented the tenant.

November 24, 2014

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