ATLANTA — Atlanta-based Glenfield Capital has purchased a combined 400,000 square feet of office space in five properties in metro Atlanta for an aggregate purchase price of $37.5 million. The portfolio includes 100,000 square feet at 6465 E. Johns Crossing in Johns Creek; 100,000 square feet each at 6525 and 6575 The Corners Parkway in Peachtree Corners; and 50,000 square feet each at 6025 and 6075 The Corners Parkway in Peachtree Corners. Tenants at these properties include Sprint, Anheuser-Busch, Toshiba and TW Telecom. Glenfield Capital has selected CBRE to handle property management for the portfolio. Glenfield has also selected Adam Viente of JLL to lease the Peachtree Corners assets and Michael Howell and Hunter Henritze of Lincoln Property Co. to lease the Johns Creek building.
Office
LAS VEGAS — Tierra Partners III LLC has acquired LaPour Corporate Center, a 70,188-square-foot office building in Las Vegas, for $17.3 million. The Class A building is located at 9075 W. Diablo Drive. The three-story office building is situated next to the 215 Beltway between Russell Road and Tropicana Avenue. It is fully occupied by tenants like Chicago Title, NV Energy, KGA Architecture and State of Nevada Public Utilities Commission. Tierra Partners was represented by Greg Tassi of CBRE Las Vegas. The seller, LaPour 215 LLC, was represented by Charles Moore, Marlene Fujita Winkel and Ashley Kolaczynski of the same firm.
WALTHAM, MASS. — New Boston Fund Inc. has sold Watermill Center in Waltham, a suburb of Boston. Intercontinental Real Estate Corp. purchased the property for an undisclosed sales price. Constructed in 1984, Watermill Center is a six-story, 206,634-square-foot, Class A office building. Since purchasing the property in March 2000, New Boston has boosted the occupancy from 67 percent to 90 percent, with 150,000 square feet having been leased in the past nine months. Additionally, New Boston completed extensive upgrades and improvements to enhance the building’s entrance and main lobby, and has added several amenities. Robert Griffin, Edward Maher and Matt Pullen of Cushman & Wakefield represented New Boston in the transaction.
FARMINGTON HILLS, MICH. — L. Mason Capitani/CORFAC International has arranged the sale of a 38,000-square-foot office/flex property in Farmington Hills. The asking price for the property was for approximately $3.9 million, but the final sales price was undisclosed. The property is located at 27675 Halsted Road. JOT II LLC, a local investor, purchased the property from the seller, Halsted Investments, LLC. Michigan-based L. Mason Capitani collaborated with TRI Commercial, its CORFAC affiliate in San Francisco, Calif., to list and market the property.
CHICAGO — J.C. Anderson Inc. has completed an office build-out for The Camden Group at 29 N. Wacker Drive in Chicago. The firm, which provides management and consulting services to the health care industry, is relocating its Chicago offices from 155 N. Wacker Drive to this location. The 9,000 square foot build-out on the 10th floor includes conference rooms, private offices and a server room. The office also features exposed ceilings, new light fixtures, luxury vinyl tile flooring with wood planking, mechanical and electrical upgrades and new flooring. William Burfeind of J.C. Anderson was the project executive and Jason Hawkins of J.C. Anderson was the project manager. Horn Design provided architectural services.
LOMBARD, ILL. — NAI Hiffman has arranged an office lease of 16,691 square feet in Lombard. Veolia Water Solutions will occupy the space within the Butterfield Centre located at 700 East Butterfield Road. The property consists of two class A buildings totaling 280,672 square feet and includes covered parking, a conference facility with auditorium, a food service area and fitness center. Mike Van Zandt and Brian Edgerton of NAI Hiffman’s Office Services Group represented Travelers Insurance in the transaction. David Tropp and Jon Springer of CBRE represented Veolia Water Solutions.
LOS ANGELES – A 19,750-square-foot creative office property in Los Angeles has sold to the American Musical and Dramatic Academy, College of the Performing Arts (AMDA) for $10 million. The building is located at 1641 Ivar in Hollywood. The space used to host the Bob Hope USO Special. The seller, boutique production firm Hello and Company, was represented by Martin McDermott of Avison Young. The firm will occupy the entire space. AMDA was represented by Christopher Bonbright, John Tronson and David Landau of the same firm. AMDA’s financing was also arranged by the firm’s Nick Roussos.
PLANO, TEXAS — Guardian Life Insurance Co. of America has opened a new facility in Plano, just north of Dallas. The office is located at 5850 Granite Pkwy. The facility will serve as Guardian’s Absence and Disability Management Solutions Center. Guardian is a mutual insurer founded in 1860 providing coverage to employees at more than 115,000 companies.
ATLANTA — CBRE Global Investors has inked leases with two new office tenants at 201 17th St., a 17-story, 350,000-square-foot office building in Atlantic Station in Atlanta’s Midtown neighborhood. YuMe Inc., a digital video brand advertiser, has leased 1,071 square feet and moved into its space in late August. Emery Cresswell of Newmark Grubb Knight Frank represented the tenant in the lease transaction. Acclaro, a marketing and advertising firm, leased 2,042 square feet and also moved into its space in August. Leigh Cofer of CBRE Inc. represented the tenant. Jeff Keppen and Nicole Goldsmith of CBRE represented CBRE Global Investors in both lease deals. Including these two transactions, there has been 15,386 square feet of leasing at 201 17th St. year-to-date.
MIAMI — JLL has arranged the $42 million sale of a 238,420-square-foot office building in western Miami. The buyer, Ryder System Inc., a global commercial transportation and supply chain management solutions company, purchased its existing corporate headquarters property for roughly $176 per square foot. The asset is located at 11690 N.W. 105th St. on a 16.8-acre parcel in the Flagler Station Business Park. Steven Medwin, Rod Loschiavo and Nick Wigoda of JLL represented Ryder in the transaction. Stuart Gordon represented the seller, an entity controlled by Flagler Development, internally.