ANAHEIM, CALIF. — Gateway One Lending & Finance, LLC has leased 50,000 square feet of office space in Anaheim. The space is located at 160 N. Riverview Drive. The lease is valued at $5.5 million. Gateway One is an indirect auto finance lender. Chris Migliori of DAUM’s Orange County office represented both Gateway One and the landlord, Anaheim Hills Office Plaza, LLC, in this transaction.
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KNOXVILLE, TENN. — JHD, a Knoxville-based real estate investor and developer, has purchased the historic John H. Daniel Building in downtown Knoxville for $2.9 million. John H. Daniel Co., which sold the 109,000-square-foot light industrial building, has been at the 114-124 W. Jackson Ave. building since 1928. George Brown and Brad Blackwell of Wood Properties Inc. represented the seller in the transaction. The mixed-use property has approximately 100 apartment units and several thousand square feet of retail/commercial space. John H. Daniel Co. will continue its operations in a facility north of downtown.
DANBURY, CONN. — Cushman & Wakefield has arranged the $4 million sale of 40-42 Old Ridgebury Road, also known as Pegasus Park, in Danbury. Cushman & Wakefield represented the seller, Torchlight Investors, in the sale to KS Partners, a New York-based developer and investor with offices in Woburn, Mass., and Rocky Hill, Conn. The sale price equates to $31.75 per square foot. Situated on more than seven acres, the site includes two three-story office buildings totaling almost 126,000 square feet and a three-level parking facility. The building is home to tenants such as General Electric and Shemin Nurseries. The buildings are currently 60 percent leased with 72,340 square feet of space remaining. Tom O’Leary, David Bernhaut, and Grace Braverman of Cushman & Wakefield’s Capital Markets Group arranged the sale.
IRVINE, CALIF. – A 225,992-square-foot, Class A office building in Irvine has received $28 million in joint venture equity. Greenlaw Partners will use the equity proceeds to acquire the ownership interests of its previous venture partners. The building is located at 18301 Von Karman. The loan was arranged by HFF’s Todd Sugimoto and Jeff Sause. The equity was secured through Cigna Investments in an off-market recapitalization. HFF also advised the new partnership on the senior loan.
RALEIGH, N.C. — Dominion Realty Partners LLC closed the $6.3 million purchase of the site for the $63 million Charter Square office building in downtown Raleigh office building. The 11-story high-rise office tower has begun vertical construction, which is slated for completion in 13 months. Dominion Realty purchased the site from the city of Raleigh. The 242,969-square-foot office building is pre-leased to HDR Engineers, CBRE, JDavis, Eschelon Hospitality and Dominion Realty Partners. The Class A office tower will also feature 9,000 square feet of ground-level retail space. A partnership between the buyer and Prudential Real Estate Investors capitalized the purchase with financing through Regions Bank. The design team for the office building, including architect JDavis Architects and general contractor Choate Construction, is hoping to achieve LEED Platinum certification. Law firms Ellis & Winters; Quarles & Brady LLP; and Lewis Roca Rothberger LLP provided legal counsel.
WOODCLIFF LAKE, N.J. — Colliers International has arranged two separate long-term leases totaling more than 25,000 square feet at 123 Tice Blvd. in Woodcliff Lake. The leases bring occupancy from 70 percent to approximately 90 percent. In the first transaction, science and engineering company Anchor QEA will relocate from Montvale and occupy 12,988 square feet at the property. In the second transaction, SeaCube Container Leasing will relocate from Park Ridge, taking 12,420 square feet. Both tenants will occupy their new offices this summer. Jason Fray of Cushman & Wakefield represented Anchor QEA in the transaction. Harlan Hollander, also of Cushman & Wakefield, represented SeaCube Container Leasing in the transaction.
PHOENIX — Creative Touch Interiors has leased 37,000 square feet in Phoenix. The space is located at 1002 E. University Drive. The interior finish solutions provider is relocating from a nearby building. The space will be utilized as a showroom and design center. The new lease has brought the property to full occupancy. Creative Touch Interiors is doing business as HD Supply. The company was represented by CBRE’s Pat Feeney in this three-year lease transaction. The landlord, EastGroup, was represented by Jackie Orcutt, John Grady and Jim Wilson of Cushman & Wakefield.
HOUSTON — HFF has brokered the sale of Gulf Plaza, a 120,651-square-foot office building in Houston’s Energy Corridor. Located at 16010 Barkers Point, in proximity to State Highway 6 and I-10, the property is fully occupied by Gulf Interstate Engineering. The six-story structure underwent nearly $1 million in renovations in 2012, when the tenant renewed its lease. Dan Miller and Martin Hogan of HFF represented the seller, Hartman Gulf Plaza Acquisitions LP. The buyer, Hartman Income REIT, was represented internally by Julian Kwok and Dave Wheeler.
SAN ANTONIO — Transwestern has brokered the sale of Cherry Ridge Office Park, a 113,548-square-foot office complex in San Antonio. Constructed in 1981, the four-building, Class B property is located at 3201 Cherry Ridge St. in the Northwest submarket of the city. At the time of the sale, the complex was 89.7 percent leased to multiple tenants. Alan Grilliette, Leah Galagher and Hale Umstattd of Transwestern represented the seller, Cherry Ridge Realty LTD, in the transaction.
SAN RAFAEL, CALIF. — BioMarin Pharmaceutical has acquired San Rafael Corporate Center, a 315,000-square-foot office campus in the city’s downtown region, for $116 million. The campus is located on Lindaro Street. The acquisition includes 5.5 acres of land for future development. The site is approved for a total of 406,000 square feet of buildings, including one new 89,000-square-foot office building and a 600-car parking structure. BioMarin currently occupies about 40 percent of the corporate center. The pharmaceutical company was represented by Colliers International. The sellers, Seagate Properties and its institutional investors, acquired the property in August 2007. They were represented by Eastdil Secured in this transaction. Seagate was also advised by advised by J.P. Morgan Asset Management.