MOUNTAIN VIEW, CALIF. – Mountain Bay Plaza, a 165,390-square-foot office tower in downtown Mountain View, has received $55 million in refinancing. The Class A tower is located at 444 Castro in Silicon Valley. It was 97 percent leased to tenants like Fenwick & West, Red Hat, PricewaterhouseCoopers and Bank of America. The fixed-rate loan was arranged by HFF’s Bruce Ganong and Walter Chui on behalf of The Swig Company. The loan was placed with John Hancock Real Estate.
PHOENIX — Country Club Manor, an 89,214-square-foot office property in Phoenix, has sold to Hyperion Fund for $8.5 million. The Class A property is located at 1221 and 1313 E. Osborn Road near the Phoenix Country Club. It was about 68 percent leased at the time of the REO sale. Eric Wichterman and Mike Coover of Cassidy Turley’s Capital Markets Group represented both the buyer and seller, Aetna Health Insurance, Co., in this transaction.
LOS ANGELES – GoJane is planning to relocate its corporate headquarters to Alameda Square in Downtown Los Angeles. The young women’s online fashion retailer is currently based in Ontario. It plans to relocate in March 2014. GoJane has signed a seven-year lease for 10,400 square feet inside the square’s Building 1, which is located at 777 Alameda. The company was represented by John Zanetos of CBRE. The landlord is EVOQ Properties.
BRIDGEWATER, N.J. — Valeant Pharmaceuticals International Inc., has signed a long-term, 310,000-square-foot lease to completely occupy Somerset Corporate Center IV in Bridgewater. The facility is located within SJP Properties’ 2.1 million-square-foot, Class A office complex, about 30 miles southwest of Newark. Valeant, a multinational pharmaceutical company, will consolidate multiple locations into its new U.S. headquarters at the office complex. The company is expected to relocate to Somerset Corporate Center IV starting in the first quarter of 2014. SJP Properties will oversee the build-out of its new headquarters. Amenities at the building include a full-service cafeteria, a conference center with a 225-seat, theater-style auditorium and a fitness center. Greg Ficke, director, David Sherman, executive vice president, and Harlan Hollander, senior director at Cushman & Wakefield, represented Valeant in the transaction. Jeff Schotz, executive vice president, and Peter Bronsnick, senior vice president, represented SJP in house.
THE WOODLANDS, TEXAS — ExxonMobil Corp. has leased 478,000 square feet of office space at Hughes Landing, the mixed-use development of The Howard Hughes Corporation and The Woodlands Development Company. The lease includes one entire 300,000-square-foot Class A building and a portion of another. The property features an adjacent 13-story, 800,000-square-foot parking garage. Houston-based Kirksey Architects designed the buildings to achieve LEED certification, and Harvey Builders is serving as general contractor. Developers expect ExxonMobil to occupy the space by summer 2016.
PHOENIX — Country Club Manor, an 89,214-square-foot office property in Phoenix, has sold to Hyperion Fund for $8.5 million. The Class A property is located at 1221 and 1313 E. Osborn Road near the Phoenix Country Club. It was about 68 percent leased at the time of the REO sale. Eric Wichterman and Mike Coover of Cassidy Turley’s Capital Markets Group represented both the buyer and seller, Aetna Health Insurance, Co., in this transaction.
LOS ANGELES – GoJane is planning to relocate its corporate headquarters to Alameda Square in Downtown Los Angeles. The young women’s online fashion retailer is currently based in Ontario. It plans to relocate in March 2014. GoJane has signed a seven-year lease for 10,400 square feet inside the square’s Building 1, which is located at 777 Alameda. The company was represented by John Zanetos of CBRE. The landlord is EVOQ Properties.
CHANTILLY, VA. — NAI KLNB, in conjunction with C-III Realty Services LLC, has arranged the $5.6 million sale of Wynwood I and II, a two-building office portfolio spanning 88,000 square feet. The office buildings are located at 5160 and 5180 Parkstone Drive in the Chantilly submarket of Fairfax County in northern Virginia. Kevin Goeller, Chris Kubler and Josh Simon of NAI KLNB represented the seller, US Bank NA, in the transaction. Larry Fitzgerald of Newmark Knight Grubb Frank represented the buyer, Chalmers Property Co., in the transaction.
ATLANTA — Cassidy Turley has arranged a 52,976-square-foot lease at Circle 75 Office Park in Atlanta’s Galleria/Cumberland submarket. The tenant, Centene Corp., a healthcare services provider, will relocate to the office space at 1100 Circle 75 Parkway. Centene will occupy floors five, six and 11 for an eight-year term. Kirk Diamond, April Hawkinson and Erin Smith of Cassidy Turley’s Atlanta office, along with Scott Bazoian of the firm’s St. Louis office, represented the tenant in the lease transaction. Matt Spickard and Greg Frankum of Transwestern represented the landlord, SK Commercial. Centene Corp. previously occupied 38,562 square feet of office space in nearby Smyrna, Ga.
MINNETONKA, MINN. — Paster Enterprises has purchased the Highland Bank Building, a 20,149-square-foot office property in Minnetonka, a southwest suburb of Minneapolis. Located at 1730 Plymouth Road, the building is anchored by a 5,517-square-foot Highland Bank and a 3,608-square-foot Avada Audiology & Hearing Care. Additional tenants include A&H Intermediaries, American Family Insurance, Carlstrom Jewelry, Chef’s Classic Fine Foods, Choice Insurance Agency, Elite Medical Scribes, Hannon & Sandler DDS, Lisa Verna, Lynn KlickerUthe and Slack & Young.