HOUSTON — HFF has brokered the sale of 712 Main Street, a 794,186-square-foot office property in Houston’s CBD. Real estate investment firm Lionstone Group has acquired the 37-story Art Deco skyscraper, which was originally constructed in 1929 and today houses the Texas headquarters of JPMorgan Chase’s southwest banking operations, along with 42 other tenants. Brookfield Asset Management Inc. sold the building, which has been designated both a City of Houston landmark and a National Civil Engineering landmark and is listed in the National Register of Historic Places. Dan Miller and Trent Agnew of HFF marketed the property on behalf of Brookfield.
ALISO VIEJO, CALIF. — AEW Capital Management has purchased a 109,948-square-foot, institutional-quality building in Aliso Viejo for an undisclosed sum. The corporate headquarters building is located at 1 Enterprise Drive. The building serves as the corporate headquarters for Microsemi Corporation. It is one of the only single-tenant, Class A buildings to be constructed in the Orange County submarket after 1999. The building is leased to Microsemi through January 2021. The seller, Global Investment Advisor, was represented by CBRE’s Bob Smith, Paul Jones, Kevin Shannon and Ken White.
CHICAGO — Reed Construction has completed a 32,000-square-foot build-out for the Academy of General Dentistry (AGD) in Chicago. AGD purchased the building at 560 W. Lake St. in Chicago’s West Loop and is relocating its headquarters from 211 E. Ave. Reed Construction was selected to complete an interior build-out for AGD on the sixth and seventh floors of the property. The new space features include an open wood beam and column loft space with glass-front, private offices. The office also includes eight conference rooms, four team collaboration areas, a video production area and a design production room. AGD is a professional association of more than 38,000 general dentists providing dental care and oral health education to the public. IA Interior Architects provided the architectural services for the project.
LIVINGSTON, N.J. — Marcus & Millichap has arranged the $6.3 million sale of a 38,864-square-foot office property in Livingston. David Kelso, an associate director at Marcus & Millichap, marketed the property on behalf of the seller and represented the buyer in the transaction. The office building is located at 301 S. Livingston Ave. and is within walking distance to area amenities, including restaurants, dry cleaners and Kings Supermarket.
CHELMSFORD, MASS. — The RAM Cos. has acquired a 91,476-square-foot office/lab property in Chelmsford, located about 30 miles northwest of Boston. The purchase price was undisclosed. Medical device company Arrow Interventional Inc., a wholly owned subsidiary of Teleflex Inc., fully occupies the property. Renovated in 2013, the building is situated on 5.7 acres at 16 Elizabeth Drive.
MIAMI — Blanca Commercial Real Estate has completed four new leases for 28,000 square feet at Waterford Centre, a 91,285-square-foot, Class A office building in Miami’s Airport submarket. The office building, owned by New Boston Fund, is located at 6205 Blue Lagoon Drive. The four new tenants include Whirlpool, Remy Cointreau, Franklin Street Real Estate Services and McAfee Inc. Danet Linares and Andres del Corral of Blanca Commercial Real Estate negotiated the four lease transactions on behalf of New Boston Fund. Waterford Centre’s other tenants include Xerox, The Parker Co. LLC, Travel Traders and OMD USA.
HOUSTON — HFF has brokered the sale of two office buildings totaling 165,146 square feet in Houston’s Energy Corridor. The 102,880-square-foot property located at 1250 Wood Branch Drive was 88.9 percent leased at the time of the transaction, and the 62,002-square-foot property located at 11931 Wickchester Lane was 76.6 percent leased. Both offer convenient access to Interstate 10. Martin Hogan and Dan Miller led the HFF team representing the seller, Peloton Capital Partners. Dornin Investment Group purchased the assets.
HOUSTON — Hoar Construction has completed Granite Briarpark Green, a 300,000-square-foot spec office property in Houston’s Westchase district. Developed by Granite Properties, the 12-story, Class A tower features a two-story entry lobby, fitness center and 361,000-square-foot parking facility exclusively for Granite Briarpark Green tenants. PGAL served as architect on the project, which is designed to achieve LEED Gold certification and boasts energy performance 21 percent above current construction sustainability standards.
SAN FRANCISCO – ASB Real Estate Investments has purchased a 187,000-square-foot office building in San Francisco’s South of Market (SOMA) district. The six-story building is located at 795 Folsom Street. The building formerly served as the headquarters for Twitter.It is once again fully leased to tenants like Kabam, AT&T and Regus. Cornerstone Real Estate Advisers LLC purchased the building in July 2011 for $71 million.
NEWARK, N.J. — Swedish construction company Skanska AB it has signed an additional contract for the building of new office tower for Prudential Financial Inc. in Newark. Skanska previously signed a $117 million contract with Prudential to build the property in July. The 20-story tower, which will span approximately 217,600 square feet, will have an adjoining parking garage and ground-floor retail. The project aims to achieve LEED Gold certification. Construction is underway, with the project slated for completion in March 2015.