DEERFIELD, ILL. — J.C. Anderson Inc. has completed a 45,000-square-foot office renovation and expansion for Morgan Stanley at 111 S. Pfingsten Road in Deerfield, a northern suburb of Chicago. The construction on the second floor included new carpet and paint, along with remodeling of the lobby and reception areas. The fourth floor was a complete reconfiguration to incorporate new private offices and open work areas. Founded in 1935, Morgan Stanley is a global financial services firm with expertise in securities, asset management and credit services. Seth Erlich was the project manager and Steve Perry was the superintendent for J.C. Anderson. Wight & Co. provided the architectural services.
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CORONA, CALIF. — CHOC (Children’s Hospital of Orange County) Children’s Health Center has opened in Corona. The 5,735-square-foot center is located at 854 Magnolia Ave. Though it is one of several community health centers that CHOC is opening, this is the first facility to service Corona. CHOC signed a lease in late 2013 for the space. It was represented by NAI Capital’s Sonya Dopp-Grech, Steve Lewallen and Ryan Dopp. Bob Bush and John Bosko of the same firm represented the landlord, Magnolia Medical Plaza, in this transaction.
COLUMBUS, OHIO — Cassidy Turley has moved to larger space for its Columbus office after recently announcing additions to its industrial team. While still located at 325 John H. McConnell Blvd., the company has moved to the building’s fourth floor. The Cassidy Turley brand was created in March 2010 with specialties in investments, property management and industrial and office leasing and tenant representation. Currently, Cassidy Turley employs 60 professionals in Columbus.
KING OF PRUSSIA, PA. — Equus Capital Partners Ltd. has sold 1000 Continental Drive, a 205,424-square-foot, Class A office building in King of Prussia to California-based KBS Realty Advisors for $63 million. At the time of the sale, the building was 99 percent occupied. Jim Vesey, Doug Rodio, Jim Galbally and John Plower of Jones Lang LaSalle represented the seller in the transaction. The six-story office building has achieved LEED Silver certification. On-site amenities include a fitness center, complimentary corporate concierge services and a deli with wireless Internet access. Major tenants include Hartford Insurance, Nationwide, FT Services, Sedgwick Services, Farmers Insurance, UNUM and Guinan Financial Group.
RICHARDSON, TEXAS — KDC Real Estate Development & Investments will develop a fourth building for State Farm’s Richardson campus, located within KDC’s CityLine mixed-use project. The 500,000-square-foot addition will bring State Farm’s total leased space in the development to 2 million square feet. The new building, to be located at the northeast corner of State Street and Plano Road, will include 12 stories of office space above five stories of structured parking and 30,000 square feet of ground-floor retail space. KDC is currently constructing the first three State Farm buildings and will break ground on the fourth this summer. Completion is slated for mid-2016.
HOUSTON — Developer Peloton Commercial Real Estate will break ground in the fourth quarter on Westcreek Centre, a 368,000-square-foot office tower in Houston’s Galleria area. The 21-story structure, to be located on 3.6 acres between West Loop 610 and Westcreek Lane, will be divided into rectangular floor plates of 26,500 square feet each. Architect BOKA Powell designed the project for LEED Silver certification. Griff Jaggard and Derek Beck of Moody Rambin will lease the property, and Peloton will provide management services. Westcreek Centre will be the first new office building in the Galleria/Post Oak submarket inside of West Loop 610 to be built in 34 years.
AUSTIN, TEXAS — Equitable Commercial Real Estate (ECR) has brokered the sale of a 19,000-square-foot office building in Austin. The property, located at 2301 W. Anderson Lane, is in proximity to the Mopac Expressway and I-35, as well as Northcross Mall. Patrick Ley and Boyd Harris of ECR represented the unnamed seller in the transaction. Jason Steinberg, also of ECR, represented the unnamed buyer.
PUYALLUP, WASH. — Sunrise Medical Campus, a 98,815-square-foot campus in Puyallup that caters to medical service providers, has sold for $40.2 million. The buyer was not named. The three-building campus is located at 11216 Sunrise Blvd. E., just south of Seattle. The campus is currently 95.6 percent leased to tenants that provide orthodontics, diagnostic testing, heart care, family medicine and allergy care services, among others. The unnamed seller was represented by Jemima McCullum, an attorney at law with Gordon Thomas Honeywell LLP. The transaction was also executed by Lori Hill and Stuart Williams of Jones Lang LaSalle’s Capital Markets.
LOS ANGELES – A 34,833-square-foot office building in Los Angeles has sold to 8075 W. 3rd St. Owner, LLC, for $9.6 million. The building is located at 8075 West 3rd Street near the Farmers Market, The Grove and Cedars Sinai Medical Center. The seller, West 3rd St Association, was represented by Bob Safai and Matt Case of Madison Partners.
NEW YORK CITY — Savanna, a New York-based real estate private equity and asset management firm, has added a new tenant at 100 Wall Street, its 518,405-square-foot, Class A building in Manhattan. Lester Schwab Katz & Dwyer (LSK&D), a litigation law firm, will occupy 39,293 square feet on the 26th and 27th floors, making the space its new Manhattan headquarters. Marc Shapses, Joe Messina and Oliver Petrovic of Studley represented LSK&D in the transaction. Mitchell Konsker, Scott Cahaly and Kyle Young of Jones Lang LaSalle represented Savanna.?