CHICAGO – J.C. Anderson will complete a 20,000-square-foot office renovation for Ignite USA, an engineering and product strategy company, in Chicago. J.C. Anderson will complete the build-out on the seventh floor of the Central Loop building, which is located at 180 N. LaSalle St. The floor will be renovated to include private offices, conference rooms and open work areas. Construction is scheduled for completion this summer. Jason Hawkins of J.C. Anderson will lead the project construction. BOX Studios is providing architectural services. Christopher Wood and Jordan Decker of DTZ represented property ownership.
PHOENIX — Melcor Development has acquired the Perimeter Parkview Corporate Center and the Chauncey Professional Center for a total of $11.1 million. The 24,154-square-foot Perimeter property is located at 8355 E. Hartford Drive in Scottsdale, while the 35,066-square-foot Chauncey property is located at 6930 E. Chauncey Lane in Phoenix. The buildings sold for $4.1 million and $7 million, respectively. Melcor was represented by Tom Swan of Amcal Southwest. The seller, ViaWest Group, was represented by Barry Gabel and Chris Marchildon of CBRE’s Phoenix office.
HAYWARD, CALIF. — Biolog Inc. has renewed its lease for 27,897 square feet at Britannia Business Park in Hayward. The park is located at 21124 Cabot Blvd. Biolog was represented by Todd Severson and Rick Keely of Colliers International in Oakland. The landlord was represented by WP Investments.
ROCKVILLE, MD. — New Boston Fund Inc. has inked two leases for office space totaling 11,944 square feet at Building III of the Johns Hopkins University Montgomery County Campus in Rockville. Pediatric Nursing Certification Board leased 6,387 square feet and Cato Research leased 5,557 square feet at the property. Danny Sheridan and Morgan Sullivan of JLL represented New Boston Fund in the lease transaction. Andrew Genova of West, Lane & Schlager Realty Advisors represented the Pediatric Nursing Certification Board, and Matt Brady of Scheer Partners Inc. represented Cato Research.
PARSIPANNY, N.J. —Mack-Cali Realty Corp. has completed the disposition of a commercial office property located within Mack-Cali Business Campus in Parsipanny. Griffin Capital Corp. purchased the property for $96.6 million. Buyer Griffin Capital is assuming responsibility for approximately $7 million in tenant improvement allowances and commission obligations. Located at 22 Sylvan Way, the three-story, 249,409-square-foot, Class A office building was developed in 2009 and achieved LEED Silver certification. The property is long-term, net-leased to Wyndham Worldwide Corp. as the company’s headquarters. Jose Cruz and Kevin O’Hearn of HFF represented Mack-Cali in the transaction.
THE WOODLANDS, TEXAS — The Howard Hughes Corporation and its subsidiary, The Woodlands Development Company, will develop a new 95,000-square-foot office building within the Research Forest complex. Kiewit Energy Group Inc., a provider of engineering, procurement and construction services to the oil and gas industries, has pre-leased 70,561 square feet of space in the four-story structure, which will be located on 11 acres at 3831 Technology Forest Drive. Houston-based EE Reed will serve as general contractor on the project, and PGAL is the architect. Louie Crapitto of JLL represented Kiewit in the lease negotiations, while Robert Parsley and Norman Munoz of Colliers International represented The Woodlands Development Company.
SAN FRANCISCO – LinkedIn has signed a lease for a 450,000-square-foot office building in San Francisco that is currently under construction. The 26-story building is located at 222 Second Street. It will be ready for occupancy in early 2016. The world’s largest online professional network is headquartered in nearby Mountain View, though it has been steadily increasing its presence in San Francisco. LinkedIn currently occupies 135,000 square feet at One Montgomery Tower. It will soon occupy 87,000 square feet at 505 Howard Street as well. The new office building is being designed for LEED-Gold certification. It will include 8,500 square feet of public space. The space is owned by Tishman Speyer.
LATHROP, CALIF. – Tesla Motors has signed a lease for a 430,000-square-foot facility in Lathrop. The facility is located at 18260 Harlan Road, about 10 miles south of Stockton, in west San Joaquin County. The facility was previously occupied by a parts distribution center for Chrysler, which closed in 2009, according to reports.
SAN JOSE, CALIF. — Swift Realty Partnershas acquired Community Towers, a 309,235-square-foot office complex in downtown San Jose, for $40 million. The transit-oriented complex is located at 111 West St. John Street & 111 North Market Street. It is situated next to San Pedro Square, near San Jose’s SAP Center. Community Towers was originally built in 1963 and 1965. It underwent a renovation from 2007 to 2008. It is currently 94 percent leased to tenants like Kerio Technologies, Anatomage, Rockwell Automation and Sunwize. HFF’s Steven Golubchik, Nicholas Bicardo and John Simerlein represented the seller, the Canadian Imperial Bank of Commerce, in this transaction.
NEWPORT NEWS, VA. — Blue Sage Ventures has sold the Maritime Square office building, a 135,103-square-foot property in Newport News, for $8.6 million. An affiliate of The Simpson Organization purchased the asset, which is located at 2600 Washington Ave. in downtown Newport News. The asset was 72 percent leased at the time of the sale. Eric Robinson and Catharine Spangler of Cushman & Wakefield | Thalhimer represented the seller in the transaction.