RALEIGH, N.C. — The Dilweg Cos. has acquired a 12-building, 773,000-square-foot portfolio of office and flex properties in Raleigh for $89.5 million. The properties include Park Forty Plaza, RDU Center II and III, NorthPark I and II, five north Raleigh flex properties known as One North Commerce Center and two flex properties in Cary known as MacGregor Place. The acquisition brings Dilweg’s Southeast portfolio to 4.7 million square feet. Ryan Clutter, formerly of CBRE, led the transaction on behalf of the seller along with Ben Kilgore and Patrick Gildea of CBRE.
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RICHMOND, VA. — Cushman & Wakefield | Thalhimer has brokered the $40.7 million sale of 11 office buildings in Richmond’s Innsbrook submarket. The 359,000-square-foot portfolio was sold in two separate transactions to two buyers. Westdale Real Estate Investment and Management purchased West Shore I, II and III, as well as Grove Park I in the Concourse at Wyndham development located off of Nuckols Road. Lingerfelt Cos. purchased the remaining assets in Innsbrook Corporate Center, including Vantage Pointe, Vantage Place A-D and Technology Park I and II. Eric Robinson of Cushman & Wakefield | Thalhimer’s Richmond office represented the unnamed seller in both transactions.
PLYMOUTH, MASS. — Burlington, Mass.-based KeyPoint Partners has opened a satellite office at Colony Place in Plymouth. The commercial real estate service firm, which manages Colony Place, has moved its staff and services to the existing management office at the center from its former Middleboro, Mass., office. Located off Route 44 near Route 3, the largest open-air shopping center southeastern Massachusetts offers more than 850,000 square feet of retail space. The tenant roster includes Walmart, Dick’s Sporting Goods, DSW, Best Buy, Bed Bath & Beyond, ULTA, Talbots and LOFT, among others.
NEWARK, N.J. — Newark Regional Business Partnership (NRBP) has relocated its headquarters to The Berger Organization’s Military Park Building in Newark. NRBP has signed a long-term lease to occupy 10,000 square feet at the 21-story, 250,000-square-foot office building. The non-profit organizations sharing NRBP’s space include: Greater Newark Enterprises Corp., The Nicholson Foundation, Newark Alliance and ReServe. Jones Lang LaSalle represented NRBP in the lease negotiations.
INDIANAPOLIS — Lauth Group Inc. will provide general construction services for the demolition and build-out of a new headquarters for Schwarz Partners LLC in Indianapolis. The box manufacturing company selected Lauth to complete a 17,500-square-foot build-out on the third floor at the Woodview Trace Building located at 3600 Woodview Trace. Lauth is a management owned, full-service real estate firm with expertise in development, construction, property management, facilities management and acquisitions.
SAN DIEGO – A 3,500-square-foot building in San Diego that served as the offices for Teamsters Local 683 has sold to SDPB Holdings for $1.3 million. The building was located at 2731 B Street. SDPB plans to redevelop the 22,000-square-foot lot as a residential property. The Teamsters had used that space for administrative offices and meeting space for more than 70 years. The organizations will relocate to a 19,000 square foot office building in El Cajon in the next 12 months. That acquisition was valued at $1.9 million. Marc Frederick of Colliers International represented both the buyer and seller in this transaction.
HOUSTON — NAI Houston has arranged the sale of a 12,500-square-foot office/warehouse located at 15180 Nautique Way in the Southbelt Industrial Park. The one-acre property is in Houston’s industrial southwest corridor. Clay Pritchett and Michael Keegan of NAI Houston represented the seller, Pampas Building LLC. Josh Morrow & Jeremy of Stream Realty Partners represented the buyer, Pamarco Realty LLC.
HOUSTON — HFF has arranged the sale of 3040 Post Oak Blvd., a 427,486-square-foot, Class A office building in Houston. HFF marketed the property on behalf of the seller, a joint venture between an affiliate of Five Mile Capital Partners LLC and Crocker Partners. MetLife Real Estate Investors purchased the property for an undisclosed amount. The property is located at the intersection of Post Oak Boulevard and Hidalgo in Houston’s Galleria/Uptown district. The 22-story building is part of the 1.2 million-square-foot Lakes at Post Oak office complex. Jeff Hollinden, Dan Miller and Trent Agnew with HFF represented the seller.
ATLANTA — KBS Real Estate Investment Trust III (KBS REIT III) has acquired a 21-story trophy office tower located at 171 17th St. in Atlanta’s Midtown submarket for $132.5 million. The tower is part of the larger 5.6 million-square-foot Atlantic Station mixed-use development. KBS REIT III purchased the Class A asset from JP Morgan. The 509,237-square-foot property was 89 percent leased at the time of the sale and was the world’s first LEED Silver Core & Shell-certified high-rise building, according to KBS.
PLANTATION, FLA. — A pension fund advised by LPC Realty Advisors I LP, an affiliate of Lincoln Property Co., has purchased the Royal Palm office complex in Plantation from Duke Realty for $128 million. The Class A property consists of two buildings totaling 465,592 square feet. Lincoln Property has been retained to manage Royal Palm, which features amenities such as an on-site café, conference training center and a gym with locker room facilities. The site has two, four-level parking garages and 400 surface parking spaces. Lincoln Property has selected Blanca Commercial Real Estate to lease the project.