EXETER, N.H. — Cross Insurance has purchased and moved into a free-standing building on Portsmouth Avenue in Exeter, a city in southeast New Hampshire. The 4,000-square-foot building is located at 82 Portsmouth Ave. John Mueller of NAI Norwood Group represented the buyer, Cross Realty LLC, which will operate Cross Insurance in the new location. Jean Kane represented the seller. Cross Insurance plans to move into the property by mid-May.
Office
DALLAS — Coldwell Banker Commercial Alliance DFW has brokered the sale of a 24,865-square-foot office property in Dallas. The two-story building, located at 8100 John W. Carpenter Freeway, was 62 percent leased at the time of the transaction. Monika Guzman-Perez of Coldwell Banker Commercial Alliance DFW represented the seller, John R. Salazar Properties Inc., in the all-cash transaction. The law firm of John Salazar, which relocated its headquarters to a downtown facility in mid-2013, will continue to lease an 1,800-square-foot suite at the property. Mark Pierce and Reagan Vidal of Commercial Realty Partners LLC represented the buyer, Hickory Creek Retail LP.
ARLINGTON, VA. — Atlanta-based Invesco Real Estate has sold Randolph Square, a nine-story, 189,871-square-foot office building in Arlington, about five miles west of Washington, D.C. The Class A office building is located in The Village of Shillington development at 2800 S. Randolph St. The LEED Gold-certified property is fully leased to the United States Patent and Trademark Office. Paul Collins, Bill Collins, Drew Flood, Jud Ryan and James Cassidy of Cassidy Turley represented Invesco in the sale of the asset to Easterly Partners.
MARYLAND HEIGHTS, MO. — Prism Medical, a patient-handling equipment and mobility equipment provider, will relocate from its current 30,000-square-foot office to an 81,000-square-foot space at 10876 Metro Blvd. in the same Maryland Heights area. Prism Medical signed a 12-year lease and will add between 10 to 20 employees when the company moves in May 2014. The property was previously the home of KV Pharmaceutical Co., which was foreclosed on in August 2013. Jeff Altvater of Hilliker Corp. represented Prism Medical in the transaction, while Cassidy Turley represented the landlord.
IRVING, TEXAS — CBRE has brokered the sale of Riverside Commons, a 460,297-square-foot office complex in Irving. The six-building, Class A property, which was 37 percent leased at the time of the sale, is located near the interchange of Riverside Drive and State Highway 114 in the Las Colinas submarket. Gary Carr, Eric Mackey, John Alvarado and Robert Hill of CBRE represented the unnamed seller in the transaction. Brookfield Property Group purchased the asset.
RICHARDSON, TEXAS — Colliers International has arranged a 25,000-square-foot office lease in the Dallas suburb of Richardson for software company HBS Systems. The tenant will move its headquarters from another property in Richardson to The Points at Waterview, located at 3400 Waterview Parkway, this summer. Daniel Rudd and Billy Vahrenkamp of Colliers represented HBS Systems in the negotiations. Bill Brokaw of Cushman & Wakefield represented the landlord, Cousin Properties. Howard Templin of Colliers is providing management services.
DALLAS — Spire Realty Group LP has arranged a 20,072-square-foot office lease in downtown Dallas for Callison, a global architecture and design firm. The tenant will occupy space at Bryan Tower, a 40-story, 1.1 million-square-foot office tower located at 2001 Bryan Street that is owned, managed and leased by Spire Realty. The property is situated in proximity to the Arts District, a Dallas Area Rapid Transport station and a stop of the M-Line trolley. Andrew Schendle and Allison Johnston of Spire Realty negotiated the lease. Charles Daggett and Stephen Hemphill of Mohr Partners represented the tenant.
NEW YORK CITY — The Feil Organization has signed Asset.tv to 3,883 square feet on the 45th floor of its landmark 570 Lexington Ave. building in New York City. Asset.tv, a video reporting firm, had been subleasing from another tenant in the building. Originally known as the RCA Victor Building, 570 Lexington Ave. includes Art Deco architecture. The 50-story structure also boasts a crown of Gothic spires that resemble a giant torch when illuminated. The 640-foot tall building, designed by Cross and Cross, opened in 1931 and was added to the National Register of Historic Places in 2004.
HOUSTON — Developer Hines has broken ground on 609 Main at Texas, a 1.1 million-square-foot office tower in downtown Houston. The 48 story building, to be located at the corner of Main and Texas streets, is slated for completion in February 2017. The structure, which is pre-registered for LEED and expected to attain Gold or Platinum certification, will feature facades of glass and stainless steel on all four sides. The project team includes general contractor D.E. Harvey and architect Pickard Chilton. Hines CalPERS Green, a partnership between the developer and the nation’s largest pension fund that focuses exclusively on sustainable office buildings, is funding construction.
DALLAS — Developer Bandera Ventures has leased 130,000 square feet in Dallas to Energy Transfer Partners, a pipeline operator serving the natural gas, refinery and crude oil industries. The tenant will occupy space at 8111 Westchester, currently under construction in the Preston Center submarket, upon the building’s completion in early 2015. Chief Oil and Gas, which is partnering with Bandera Ventures in development of the property, will occupy the remaining 60,000 square feet of the structure. Randy Cooper and Dan Harris of Cassidy Turley represented Energy Transfer Partners in the negotiations. BOKA Powell designed the six-story structure.