COLUMBIA, S.C. — Lincoln Property Co. Southeast has brokered the $2.3 million sale of the Seventy Seven Building, a two-story, 57,375-square-foot office building in Columbia. Denton Shamburger and Chip Sipple of Lincoln Property’s Atlanta office represented the seller, GE Commercial Finance Business Property Corp., in the transaction. Roger Winn of NAI Avant represented the buyer, Red Hills Holdings LLC. Seventy Seven Building is located at 101 Business Park Blvd., about 10 minutes from downtown Columbia. The building was 37 percent leased at the time of the sale.
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DALLAS — Sidley Austin LLP has preleased 75,000 square feet at the new McKinney & Olive office building in uptown Dallas. Crescent Real Estate Holdings LLC broke ground June 19 and construction is underway at the development located at 2021 McKinney Avenue. The office space will include 480,000 square feet, with Sidley Austin occupying the top 2.5 floors. Cassidy Turley executive managing director Craig Wilson and vice chairman Randy Cooper represented Sidley Austin in the transaction. Developer Crescent Real Estate Holdings was represented in-house by John Zogg. McKinney & Olive will be adjacent to the Ritz-Carlton and a few blocks from The Crescent. The McKinney Trolley service will provide access to Klyde Warren Park, the Dallas Arts District and other nearby attractions.
SCOTTSDALE, ARIZ. — Theranos has leased a 20,000-square-foot wing at SkySong 3 in Scottsdale. Skysong, the ASU Scottsdale Innovation Center, is located at 1475 N. Scottsdale Road, next to the Arizona State University campus. The consumer healthcare technology company will be one of the largest tenants at the project. Skysong 3 is now more than 80 percent leased. Theranos was represented by CBRE. The landlord was Plaza Companies.
BROOKLYN CENTER, MINN. — Stewart Capital Partners has arranged a 10-year lease extension at Brookdale Corporate Center II, a recently renovated two-building office campus approximately 10 miles from downtown Minneapolis. Kidney Specialists of Minnesota will occupy space in the center located at 6200 Shingle Creek Parkway. KSM has been a tenant at Brookdale Corporate Center since 2000 and currently occupies 9,223 square feet. Each building in the center is comprised of six stories totaling 228,000 square feet. In addition to KSM, major tenants include University of Minnesota Physicians, Merkle, Savvy Sherpa, National American University, Carson, Clelland & Schreder Law Offices, Endodontic Associates Limited and FirstStep Group. Ann Hansen and Steve Strom of Cresa Partners represented KSM in the lease transaction. Dick Schadegg of Schadegg Commercial Real Estate Inc. represented the building’s owner, Stewart Capital Partners.
WHIPPANY, N.J. — Vision Real Estate Partners has completed the renovated and rebranding of The Crossings at Jefferson Park at 115 South Jefferson Road in Whippany. Situated on 65 acres, the three-building campus offers 525,000 square feet of Class A office space. JP Morgan Chase, Barclays Capital and Lord Abbett occupy the property. A partnership between Vision Real Estate Partners and Rubenstein Partners acquired the property last year and recognized the opportunity to tap into the existing enhanced electrical, HVAC and fiber infrastructure to create a corporate campus. Master planned by Ka Architects, the project included demolishing a 140,000-square-foot data center building and replacing it with landscaped great lawn. The ownership also redeveloped the 150,000-square-foot 200 Building and created a new entry, lobby, fitness center, cafeteria and common areas.
NEW YORK CITY — Samsung Electronics North America has signed a long-term lease for 837 Washington Street in New York’s Meatpacking district. Situated between Little West 12th and West 13th streets, the 55,000-square-foot building features six floors, as well as a cellar and roof space. Additionally, the property features 7,000 square feet of outdoor space on the second and third floors and rooftop. Craig Reicher, James Ackerson, David Liggitt and Patrick O’Keefe of CBRE Group represented the tenant, while Thor Equities, Newmark Grubb Knight Frank and Taconic Management Company represented the landlord in the transaction.
BEDFORD, TEXAS — TNA Realty LP has acquired 1.1 acres of land in Bedford, Texas for development of a 6,000-square-foot office building. Jim Turano, executive vice president of the Dallas-Forth Worth office/industrial division of Henry S. Miller Brokerage, represented TNA in the sale. The land is north of Highway 183 on Industrial Boulevard, less than 10 miles from Dallas-Forth Worth International Airport. Ledyard GC Jr Trustee bought the site from TNA and construction is projected to start this summer. Freddy Vestal of Vestal Investments represented Ledyard.
SAN DIEGO — AMN Healthcare Services has renewed its lease for 175,000 square feet of office space in San Diego. The long-term lease renewal is valued at $120 million. The space is located at 12400 High Bluff Drive in Del Mar Heights. The healthcare workforce solutions and staffing services provider has resided at this Class A property since it was constructed in 2003. The company currently houses 800 employees at the center, with room to expand to 1,000 employees. AMN was represented by Douglas Lozier of Savills Studley’s San Diego office. The landlord was Kilroy Realty Corporation.
RESTON, VA. — Cassidy Turley has brokered the $41 million sale of a Class A office building located at 1775 Wiehle Ave. in Reston, about 22 miles west of Washington, D.C. First Potomac Realty Trust purchased the fully leased, 130,048-square-foot property from Normandy Real Estate Partners. The asset’s largest tenant is Odin, Feldman & Pittleman P.C. Paul Collins, Bill Collins, James Cassidy, Drew Flood and Jud Ryan of Cassidy Turley represented Normandy in the transaction.
NORWALK, CONN. — Livingston, Conn.-based Mark Scott’s Commercial Mortgage Capital has closed a $94 million permanent loan for i.Park Norwalk, located at 761 Main Ave. in Norwalk. Situated on a 30-acre campus, the 365,866-square-foot office building is occupied by Norwalk Hospital, LA Fitness and Cannondale Sports Group, a leading bicycle manufacturer. The property recently underwent a multi-million dollar capital improvement program to transform the building into an efficient, high-tech campus. i.Park Norwalk features oversized windows, high ceilings and flexible layout with expansion options, as well as sustainable design features such as an eco-roof with solar panels, ENERGY STAR windows and energy efficient HVAC systems.