GREENVILLE, TEXAS — Marcus & Millichap has arranged the sale of United Dialysis Center, a 7,420-square-foot office property in Greenville. Terms of the sale were not released. Geoff Ficke and Chris Adams with Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a limited liability company. An outside broker represented the 1031 tax-deferred exchange buyer. United Dialysis Center is located at 4309 Ridgecrest Road in Greenville, just south of U.S. Highway 380 and adjacent to Hunt Regional Healthcare Hospital. The property is 100 percent occupied.
Office
SAN FRANCISCO — Jamestown has acquired Waterfront Plaza, a 297,260-square-foot office complex in the North Waterfront submarket of San Francisco, for a reported $88 million. The four-building property is located along the Embarcadero. It is bound by Bay Street to the north, Kearny Street to the west and Chestnut Street to the south. The transaction includes two office buildings, a 130,585-square-foot building at 50 Francisco Street and a 143,350-square-foot building at 1700 Montgomery Street. It also includes a space occupied by Hillstone restaurant at 1800 Montgomery Street, as well as a five-story parking structure and ground-floor offices at 60 Francisco. Waterfront Plaza currently has 40 tenants. Notable employers include Giant Creative Strategy, Comcast of California Inc., Advance Magazine Publishers, HQ Global, Weisscom Partners and Andre-Boudin. Jamestown plans to add more tenant amenities and design features to this dog-friendly complex. The asset was acquired by the Jamestown Premier Property Fund, the firm's flagship core and core-plus investment vehicle for institutional investors. The seller, LaSalle Investment Management, was represented by Eastdil Secured.
HAWTHORNE, CALIF. — Chambers Street Properties has acquired a 510,000-square-foot industrial property in Hawthorne for $46.7 million. The property is located at 1 Rocket Road. It sits adjacent to the 105 freeway. The property serves as the headquarters for Space Exploration Technologies Corp. Also known as SpaceX, the company designs, manufactures and launches advanced rockets and spacecraft. SpaceX’s net lease extends through January 2023.
AUSTIN — CBRE has arranged a lease for GateHouse Media, a newspaper publisher, at Northview Business Center in Austin. The 18,700-square-foot space will house the company’s new Center for News & Design. The center opened in a temporary facility in May 2014 and will move into a permanent facility in late 2014 in the same office park. The property is located at 9001 N. Interstate Highway 35. The company expects 150 employees to occupy the center by the end of the year. W. Gaines Bagby with CBRE’s Austin office represented Gatehouse. Luke Wheeler and Will Stewart with Transwestern represented the landlord.
BUFFALO, N.Y. — CBRE Group has arranged the sale of Ingram Micro East Coast Headquarters, an office complex located in suburban Buffalo. American Realty Capital Partners, a REIT, purchased the property for $24.5 million or approximately $123 per square foot. Situated on 21 acres, the two-building property offers 200,075 square feet of office space: the 170,346-square-foot 1759 Wehrie Drive and the 29,729-square-foot 395 Youngs Road, which are connected by a two-story atrium. Edward Midgley and Dan Kaplan of CBRE’s New York City office, along with V. Jeffrey LiPuma and Bob Starzynski of the Buffalo office represented the owner, Winthrop Realty Trust, in the transaction.
OAK BROOK, ILL. — Morgan/Harbour Construction has completed a 130,000-square-foot build-to-suit office project for Hub Group in Oak Brook, a suburb of Chicago. The asset-light freight transportation management company relocated its headquarters and consolidated nearly 500 employees from several locations in Illinois at the new ground-up, four-story building located at 2000 Clearwater Drive. The new facility sits on a 17-acre site in the I-88 tech corridor. Upon demolition of an existing building and site preparation, Morgan/Harbour constructed the new building to feature open work areas, semi-private offices, executive offices and conference rooms throughout the building. The firm also incorporated freight containers within the space to serve as informal meeting spaces. The facility also features underground parking, natural habitat landscaping, ponds and walking trails. The site has the capacity for an additional 200 employees. Additional features include a high-efficiency HVAC system, energy-efficient lighting controls and storm water harvesting. The property is LEED Gold certified. Morgan/Harbour’s Warren Seil and Ben Warriner led the project team, which also included Graeme Foster and Jim McCarron. Solomon Coldwell Buenz provided the architectural services.
CHICAGO — Wirtz Realty Corp. and MB Real Estate (MBRE) have arranged the lease renewal of a 23,000-square-foot office space in Chicago for Meredith Corp. The media and marketing company will continue to occupy space on the 14th and 15th floors at 333 N. Michigan Ave. Built in 1928, 333 N. Michigan was one of the city’s first Art Deco skyscrapers. The City of Chicago designated the property as a historical landmark in 1997. Wirtz Realty Corp. and MBRE are in the midst of a $47 million redevelopment of the 34-story office property. Renovations include office space modernizations, updated finishes to the lobby and elevators as well as the addition of turn-key spec suites and up to 44,000 rentable square feet of divisible retail space. Wirtz Realty Corp. and MBRE will also incorporate a tenant amenity floor featuring a lounge, conferencing facilities and a fitness center. MBRE leases and manages the building, which is owned by Wirtz Realty Corp. Mark Buth and Kelsey Karp of MBRE represented ownership in the lease transaction. Meredith Corp. represented itself.
SAN DIEGO — SERCO Inc.has signed a five-year lease for 28,535 square feet of office space at Mesa View Plaza in San Diego. The space is located at 9350 Waxie Way. The lease is valued at $4.8 million. The professional, technology and management services provider was represented by JLL’s Randall Wood and Shawn Lorentzen. The landlord, SCG Mesa View Plaza LLC, was represented by Duncan Dodd, Bill Cavanagh and Mike Novkov of Cassidy Turley.
LAS VEGAS – A 13,500-square-foot medical office building in Las Vegas has sold to Scenic Vistas East LLC for $1.5 million. The building is located at 1569 E. Flamingo Road, near Desert Springs Hospital. The space formerly functioned as a surgery center and clinic. The new owner plans to re-open the facility under the same use. Scenic Vistas was represented by Michael McLeod of Albright Callister & Associates LLC. The seller, Chang Hop LLC, was represented by Charles Moore, Marlene Fujita Winkel and Ashley Kolaczynski of CBRE Las Vegas.
KENNESAW, GA. — Cushman & Wakefield has arranged the sale of TownPark Ravine, a three-building, 367,090-square-foot office park in the northern Atlanta suburb of Kennesaw. The office park provides immediate access to Interstates 75 and 575. David Meline, Stewart Calhoun, Samir Idris and Casey Masters of Cushman & Wakefield represented the seller, Taylor & Mathis Inc., in the transaction. The purchase price was not disclosed. Cushman & Wakefield also arranged a $41.1 million acquisition loan on behalf of the buyer, America’s Capital Partners LLC. Mike Ryan, Brian Linnihan, Jeff Walker and Larry Johnson of Cushman & Wakefield arranged the long-term, fixed-rate loan through GE Capital Corp.