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.
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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.
PLAINSBORO, N.J. — Ivy Realty has completed the disposition of 100 College Road West in Plainsboro. An affiliate of American Realty Capital purchased the 154,101-square-foot office building for $63.5 million. The three-story building is fully occupied by pharmaceutical giant Sandoz, which recently signed a 12-year lease at the property for its U.S. headquarters. The property is currently undergoing significant upgrades, including a renovated lobby and cafeteria, new meeting rooms, office space fit-outs and improvements to achieve LEED Silver certification. Andrew Merin, David Bernhaut, Gary Gabriel and Grace Braverman of Cushman & Wakefield’s East Rutherford, N.J. office represented the seller in the transaction.
CHANDLER, ARIZ. — Chandler Corporate Center I, a 67,561-square-foot office property, has sold to Palisades Capital Realty Advisors for $13.9 million. The center is located at 585 N. Juniper Drive in Chandler, near Price the Road technology corridor. The seller, Chandler HFP LLC, an affiliated entity of Held Properties, was represented by JLL’s Dennis Desmond. Dave Seeger assisted with the sale and serves as the property’s exclusive leasing agent.
MOUNTAIN VIEW, CALIF. — Wong’s International, a 9,570-square-foot office property in Mountain View, has sold to a local owner-user for $3 million. The property is located at 891 West Maude Ave. It was vacant at the time of sale. About 55 percent of the building’s space is dedicated to research and development, while the remaining 45 percent was intended for office. The new owner plans to occupy the building once modifications are complete. The seller, a corporation, was represented by Chris Hansen and Brian Thorn of Marcus & Millichap’s Palo Alto office.
SAN ANTONIO — CBRE has negotiated the sale of Commons at Concord Park, a four-building, 108,116-square-foot office project in north-central San Antonio. Boston-based Intercontinental Real Estate Corporation sold the property to an affiliate of Beverly, Massachusetts-based Brookwood Financial Partners, LLC for an undisclosed price. Commons at Concord Park is on Sonterra Boulevard, west of the Loop 1604/U.S. Highway 281 interchange near the Stone Oak neighborhood. The complex is 77.6 percent occupied. Brookwood selected CBRE’s Lindsey Tucker to lease the property, while Transwestern will handle management. Todd Mills, Hunter Mills and Casey Knust with CBRE represented the seller.
PLANO, TEXAS — Dallas-based KDC Real Estate Development & Investments will develop Toyota’s new North American headquarters in the Legacy West development in Plano. Toyota recently finalized the purchase of the 100-acre site and expects to occupy the campus in late 2016 or early 2017. The headquarters will be home to about 4,000 employees when finished.
HOUSTON — Beacon Investment Properties, of Hallandale Beach, Florida, has bought a 218,680-square-foot office tower in Houston’s Westchase submarket from a Boston real estate advisor for $46.3 million. The 91 percent occupied, 11-story building sits on 3.3 acres at 10333 Richmond Street. It’s Beacon’s 15th property in Houston, giving the company 2.89 million square feet of office space citywide. The property is one block from the intersection of Richmond and the Sam Houston Tollway (Beltway 8), and has access to Interstate 10, US 59, Loop 610 and the Westpark Tollway. Susan Hill, managing director for HFF in Houston, arranged financing. Kim Grizzle-Shapiro and Mike Martin of PM Realty Group in Houston are the leasing brokers, while Beacon Real Estate Services will take over property management.
PHOENIX — Sprouts Farmers Market has relocated its corporate headquarters in Phoenix. The natural and organic grocery store will soon occupy 77,400 square feet at 5455 E. High Street. It is relocating from the nearby Paradise Village Office Park. The Offices on High Street include seven buildings that total 330,000 square feet. They are situated within the High Street mixed-use project, which also features 99 multifamily residences and 175,000 square feet of ground-floor retail, dining and entertainment. Sprouts will join existing High Street tenants like Gigya Inc., Alliance Financial Resources, Nobis Technology Group and Yeager North. Its new office will occupy three floors, in addition to a ground-floor retail outpost. Sprouts is scheduled to relocate next spring. The landlord, ScanlanKemperBard Companies and Wayzata Investment Partners LLC, was represented by JLL’s John Bonnell, Brett Abramson and Greg McMillan. Sprouts was represented by Scott Maxwell of Cresa.