PHOENIX — Alliance Financial Resources has leased 25,000 square feet at The Offices On High Street in Phoenix. The home loan provider will occupy the second floor of the A5 building. It will relocate about 110 employees from its Deer Valley office. Alliance was represented by CBRE’s Dave Carder. The landlord is a joint venture between ScanlanKemperBard Companies and Wayzata Investment Partners.
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NEW YORK CITY — Tishman Speyer has acquired the rights to develop a 2.85 million-square-foot tower in Midtown Manhattan’s Hudson Yards District through the completion of multiple transactions. The company purchased adjacent, undeveloped parcels from Manhattan-based Sherwood Equities for $200 million. The parcels total an entire block stretching from West 34th to West 35th streets and 10th Avenue to the to-be developed Hudson Park and Boulevard. The assemblage combined with the ability to purchase additional development rights available within Hudson Yards offers Tishman Speyer the opportunity to develop and construct a 2.85 million-square-foot tower in Manhattan’s expanded west side neighborhood and business district. The Hudson Yards district, which was rezoned in 2005, allows for 26 million square feet of office space, 20,000 new residential units, 2 million square feet of retail space and 3 million square feet of hotels.
BETHESDA, MD. — Cassidy Turley has arranged $45 million in financing for Bethesda Place II, a 209,397-square-foot, Class A office building in Bethesda. Bethesda Place II’s retail tenant roster includes Safeway, Original Pancake House and Comcast Sports Net, and its office tenant roster includes Wells Fargo, First Potomac Realty Trust and Beech Street Capital. Philip Mudd and Bradley Geiger of Cassidy Turley arranged the 20-year, fixed-rate loan through a life insurance company on behalf of the borrower, Bethesda Place II Associates LLC.
CHARLOTTE, N.C. — Thanks to new tenants, lease renewals and lease expansions, Ally Center in downtown Charlotte’s Third Ward neighborhood is 96 percent leased. The Class A, LEED Gold-certified office building, located at 440 S. Church St., is occupied by tenants such as Ally Financial, HDR Engineering, JELD-WEN Windows and Doors, Driven Brands, Trinity Partners and Trinity Capital Advisors. A joint venture between Trinity Capital Advisors and Principal Real Estate Investors owns Allly Center. Leah Bailey and John Ball of Trinity Partners lease the building on behalf of the ownership.
TUCSON, ARIZ. – A 143,650-square-foot office building in Tucson has sold to W. P. Carey Inc. for $19 million. The firm purchased the Class A building on behalf of CPA:17 – Global, one of its managed REITs. It is located at 3350 E. Hemisphere Loop at the Tucson International Business Center. The building is leased to a single unnamed tenant. Neil Glassmoyer, Tivon Moffitt and Peter Bauman of Colliers International in Greater Phoenix represented both the buyer and the seller, Summit Properties, in this transaction.
PHOENIX — Yeager North has leased 4,000 square feet of office space at The Offices On High Street in Phoenix. The integrated marketing firm is relocating from the nearby Scottsdale Quarter. It will occupy its new space this July. Yeager North was represented by Keith Lammersen and Trevor Pratt of Jones Lang LaSalle. The landlord is a joint venture between ScanlanKemperBard Companies and Wayzata Investment Partners.
CHICAGO — Reed Construction has completed a 20,000-square-foot office build-out for Mondelez International, one of the world’s largest snacks companies. Mondelez will occupy space in the Triangle Plaza building located at 8770 W. Bryn Mawr Ave. in Chicago. Reed Construction completed the demolition of existing space and reconstructed a new layout for Mondelez. The build-out features private offices, open work areas, a training room and conference room. Gastinger Walker Harden + Kincaid Malone provided the architectural services for the project. Mondelez is expanding its operations from its corporate headquarters in Deerfield, Ill. The Mondelez portfolio features nine billion-dollar brands including Cadbury, Nabisco, Oreo cookies, Tang powdered beverages and Trident gum and 52 additional brands.
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.