HENDERSON, NEV. — MIG Real Estate has acquired Sansone Pecos II, an eight-building office portfolio in Henderson for an undisclosed sum. The portfolio consists of office and medical office buildings that total 122,922 square feet. It is located at 9005-9089 South Pecos Road.
CHANDLER, ARIZ. — ViaWest Group has purchased San Tan Tech Center, a 129,187-square-foot office building in Chandler that caters to life sciences and technology companies, for $9.6 million. The Class A center is located at 145 S. 79th Street. It was built in 1981 and renovated in 2010. The City of Chandler is the center’s largest tenant. It occupies 49 percent of the property, with its lease due to expire in 2024. The city is doing business at the center as Innovations, an incubator targeting entrepreneurs in the life sciences and emerging technology industries. Other notable tenants at the center include the University of Arizona Center for Applied NanoBioscience & Medicine, HealthTell and Cummings Engineering. ViaWest represented itself in this transaction. The seller, Capital Commercial Investments, was represented by CBRE’s Barry Gabel and Chris Marchildon.
MILWAUKEE — Falk Legal Group has signed a lease for 3,500 square feet of office space at River Bank Plaza in Milwaukee. The property is located at 740 N. Plankinton Ave. John Dulmes and Dan Walsh of Siegel-Gallagher represented the tenant; Tony Stevens of Equity Commercial Real Estate represented the landlord, River Bank Plaza Building, in the transaction. Terms of the lease were not released.
DALLAS — Developer Cawley Partners and architect BOKA Powell have broken ground on Knoll Trail Plaza, a 120,000-square-foot office building in Dallas. The four-story Class A structure is located at 16400 N. Dallas Parkway and will feature amenities, such as a fitness center, rooftop deck, café and bike racks. The property, designed for LEED Silver certification, is 40 percent pre-leased and will serve as the headquarters of Sundown Energy. Completion is slated for November.
SAN ANTONIO — Blakeley Commercial Real Estate (BCRE) has arranged a 12,446-square-foot medical office lease for the Center for Health Care Services in San Antonio. The tenant will occupy space at Legacy Oaks, a seven-building development located on Fredericksburg Road within the South Texas Medical Complex. Lynn Blakeley of BCRE represented the Center for Health Care Services in the negotiations. Lindsey Tucker and Carl Salvato of CBRE represented the undisclosed landlord.
IRVING, TEXAS — Coldwell Banker Commercial (CBC) Alliance DFW has arranged a 10,525-square-foot office lease for Pegasus Info Tech Inc. in Irving. The larger single-story building, which was acquired and renovated over the past two years by Life Is A Skyway LLC, is located at 3001 N. Skyway Circle and includes 20,090 square feet. The tenant, a software company, will use the space as its new headquarters, relocating from 122 W. John Carpenter Freeway. Bret Messer of CBC Alliance DFW, who oversaw the recent upgrades, will continue to manage the property. Sharon Friedberg and Melanie Hughes of Bradford Commercial Real Estate represented Pegasus in the negotiations.
PLANTATION, FLA. — U.S. Capital Holdings Group has broken ground on the first phase of 321 North, a $300 million live-work-play development in Plantation. The first phase is the redevelopment of a seven-story, 160,000-square-foot office tower. The design team includes general contractor GHJ Construction Inc., a subsidiary of Beijing Construction Engineering Group International Co. Ltd. GHJ plans to finish construction in approximately one year. U.S. Capital Holdings has retained CBRE as leasing agent for the new office tower. The redevelopment is the first of five phases for 321 North, which is slated to finish construction in 2017.
MIRAMAR, FLA. — Spirit Airlines has signed a 70,819-square-foot lease renewal and expansion of its South Florida headquarters in the Miramar Park of Commerce. The Spirit Support Center is located at 2800 Executive Way in Miramar. The company’s expansion totals 14,625 square feet of office space at 2844 and 2854 Corporate Way. The airline employs approximately 1,300 people in South Florida, including its staff at the Spirit Support Center. Andrew Ansin and Maridee Bell of Sunbeam Properties represented the landlord in the lease deal. Chris Lovell, Greg Katz and Roy Abernathy of Studley Inc.’s Miami office represented Spirit Airlines.
BEAVERCREEK, OHIO — Los Angeles, Calif.-based Griffin Capital Corp., along with five single-purpose borrowing entities operated by Griffin Capital Essential Asset REIT, has acquired the Northrop Building in Beavercreek. The 99,246-square-foot property is occupied by Northrop Grumman Systems. The acquisition is part of a five-property office and industrial portfolio totaling 889,805 square feet in Ohio, New Jersey, North Carolina, Texas and Arizona. Kevin MacKenzie, John Chun, Stephen Skok and Tucker Knight of HFF arranged $110.6 million in financing for the portfolio acquisition. The portfolio includes the 210,524-square-foot Verizon Building in Warren, N.J., the 198,898-square-foot UTC Building in Charlotte, the 146,683-square-foot Schlumberger Building in Houston, and the 231,454-square-foot Avnet Building in Chandler, Ariz.
NEW YORK CITY — Developer Sam Chang has acquired a five-story, 25-foot-wide loft/office property at 11 West 37th St. in Midtown. Elvee Rosenberg Inc. sold the property for $8.25 million. Through McSam Hotel Group, the buyer plans to convert the property into a boutique hotel. The vacant property includes 15,000 square feet of unused air rights and a total of 25,000 buildable square feet. David Schechtman and Steven Zimmerman of Eastern Consolidated arranged the transaction on behalf of the seller. Alan Miller, also of Eastern Consolidated, represented the buyer.