BEDFORD, MASS. — Tremont Realty Capital has arranged a $14.5 million bridge loan for the redevelopment of an office building, located at 201 Burlington Rd. in Bedford. The two-building complex comprises 135,000 square feet. Dennis Walsh of Tremont Realty Capital’s Boston office arranged the non-recourse loan, which was funded by a regional bank.
HOUSTON — Finial Group has arranged a 15,000-square-foot office lease in Houston for Texan Bank. The tenant will occupy the majority of a two-story, Class A building located at 12941 Gulf Freeway and use the space as its corporate headquarters. The first floor of the LEED Platinum-certified structure will house a branch of the bank. Reed Vestal, Taylor Schmidt and Greg Marconi of Finial Group represented both the tenant and the undisclosed landlord in the lease negotiations.
DENVER — Griffin Capital Corporation has purchased a 430,000-square-foot office building in the northwest Denver suburb of Westminster for $92 million. The Class A building is located at 1300 W. 120th Ave. next to Interstate 25. Notable technology and aerospace companies in the area include Oracle, Level 3, Google, IBM and Ball Aerospace. The property is fully leased to the seller, Avaya, Inc., through June of next year. DigitalGlobe’s 15-year lease will commence the following day. The high-resolution earth observation and advanced geospatial solutions provider will use this space for its world headquarters. This is Griffin’s third acquisition in the Denver area. Griffin Capital purchased the asset on behalf of Griffin Capital Essential Asset REIT. The REIT represented itself in this transaction. Avaya was represented by David Tilton, Jason Addlesperger and David Lee of NGKF Capital Markets.
IRVINE, CALIF. – The construction and renovations surrounding Von Karman Tech office building are now complete. The office building is located at 16842 Von Karman Ave. in Irvine. It was originally built in 1980. The 100,603-square-foot building underwent extensive interior and exterior improvements. Much of the renovations focused around the building’s four interior lobbies. Their flooring, walls and color palettes were all enhanced during construction. The building is owned by HighBrook Investment Management. Construction was carried out by McShane Construction Company and architect Shlemmer Algaze Associates.
ONTARIO, CALIF. — Sedgwick Claims Management, a technology-enabled claims and productivity management solutions provider, has renewed and expanded at Empire Towers in Ontario. The company has leased more than 29,700 square feet at the property, which is located at 3633 Inland Empire Blvd. Sedgwick Claims was represented by Vindar Batoosingh of CBRE’s Ontario office. The landlord is CIP Real Estate. It owns the towers in partnership with a fund sponsored by Guggenheim Real Estate.
WASHINGTON, D.C. — Finmarc Management Inc., a Bethesda, Md.-based commercial real estate services firm, has purchased a nine-building, 342,000-square-foot portfolio from First Potomac Realty Trust for $33 million. The properties consist of a mix of flex, office, retail and warehouse space and are located in Gaithersburg, Md., a suburb of Washington, D.C. The facilities, which are combined 82 percent leased, include Girard Place, Girard Business Center and Gateway Center. The acquisition was part of a 1031 tax-free exchange. Eric Berkman, Steve Gichner and Gideon Gil of Cushman & Wakefield represented the seller in the transaction.
WASHINGTON, D.C. — Cassidy Turley has arranged $32.1 million in permanent financing for a fully leased office building, located at 801 N. Capitol St. N.E. in Washington, D.C. John Campanella and Paul Spellman of Cassidy Turley arranged the loan through a bank on behalf of the borrower, ASB Real Estate Investments. The 87,833-square-foot office building is fully leased to the District of Columbia under a long-term lease.
ATLANTA — The Fulton County Office of the Public Defender has leased 48,000 square feet of office space at 100 Peachtree, a 32-story office building located in downtown Atlanta. About 110 attorneys, administrators and legal staff will occupy three floors. Brad Jancik and Eric Ross of CBRE represented the landlord, Coral Gables, Fla.-based America’s Capital Partners, in the lease deal.
CHICAGO — J.C. Anderson has completed multi-floor renovations and build-outs for Daymark Realty Advisors at 525 W. Van Buren St. in Chicago. The 16-story, 524,800-square-foot property, which is known as Congress Center, was constructed in 2001. J.C. Anderson was hired to complete a build-out on the 10th and 14thfloors, as well as corridor renovations on the 7th, 10th and 14th floors. Steve Boulukos of J.C. Anderson was the project executive. Baumann Studios provided architectural services for the project.
SAN ANTONIO — Ryan Cos. US Inc. has broken ground on a 58,000-square-foot office building in San Antonio. Avnet Technology Solutions, an IT division of Avnet Inc., will occupy the two-story, Class A structure. Located on five acres within RidgeWood Business Park, the property will be situated in proximity to the intersection of Loop 1604 and Highway 281. Ryan Cos. is partnering with RVK Architects, Big Red Dog Civil Engineering, Colliers International, Pruitt Realty and Travis Commercial Real Estate Services Ltd. on the project, which is slated for completion in August.
