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.
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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.
PHOENIX — MIG Real Estate has acquired Arcadia Gateway Center, an 89,835-square-foot office building in Phoenix, for an undisclosed sum. The Class A center is located at 4222 East Thomas Road near Arcadia Crossing and Desert Palm. It is currently 93 percent leased. Cushman & Wakefield represented the seller in this transaction.
RALEIGH, N.C. — Cassidy Turley has arranged $78.7 million in financing for The Forum, an office campus consisting of 635,380 square feet of space in Raleigh. The park, located on a 19-acre lot at the intersection of Strickland and Six Forks roads a mile from Interstate 540, is 96 percent leased. John Campanella and Paul Spellman of Cassidy Turley arranged the loan through an unnamed commercial bank.
DALLAS — Colliers International has brokered the sale of Oakbrook Plaza, a 176,872-square-foot office complex in the Southwestern Medical District of Dallas. The property, located at 1515-1575 W. Mockingbird Lane, includes a central seven-story tower surrounded by six single-story buildings. Creighton Stark and Ben Lurie of Colliers represented the seller in the transaction.
HOUSTON — Marcus & Millichap has brokered the sale of a 70,474-square-foot office property in Houston. The multi-tenant building, located at 8300 FM 1960 West, stands four stories and was fully leased at the time of the sale. Constructed in 1986, the site allows for easy access to Highway 290, Beltway 8 and Tomball Parkway. Ron Hebert and Christopher Jones of Marcus & Millichap marketed the asset on behalf of the seller, a real estate investment trust. The two also secured the buyer, a limited liability company, after fielding offers from nine different prospects.
HOUSTON — Piedmont Office Realty Trust will develop a new 302,000-square-foot office tower in its Enclave business park in Houston’s Energy Corridor. The firm plans to break ground in March 2014 on the 11-story, Class A structure, which will be located on a 4.7-acre parcel immediately north of the 1430 Enclave Parkway building. Enclave Place will be divided into 28,900-square-foot floor plates and also include a six-level parking garage. Gensler is the project architect, PMRG is serving as project manager, and Tellepsen Builders will work as general contractor. Piedmont expects to complete the tower in the second quarter of 2015.
PHOENIX — MIG Real Estate has acquired Arcadia Gateway Center, an 89,835-square-foot office building in Phoenix, for an undisclosed sum. The Class A center is located at 4222 East Thomas Road near Arcadia Crossing and Desert Palm. It is currently 93 percent leased. Cushman & Wakefield represented the seller in this transaction.
IRVINE, CALIF. — Von Karman Plaza, a 241,539-square-foot retail property in Irvine, has received $35 million in refinancing. The plaza is located at 16585 Von Karman Ave. The center was undergoing a repositioning prior to the refinancing, as several large blocks of space had been vacated, including a Sam’s Club building. The owner, Harsch Investment Corp., renovatedthe plaza and has since filled a majority of the vacated space with new tenants, including Walmart. The loan features a 10-year term and a 30-year amortization schedule. It was arranged by Ken Griggs and Paddy Ryan of Norris, Beggs & Simpson Financial Services. Financing was provided by ING Investment Management.
WASHINGTON, D.C. — Cassidy Turley has negotiated 21 coterminous leases for the relocation of the Washington Design Center, a collection of showrooms featuring interior design architectural firms in Washington, D.C. The Washington Design Center will relocate to 120,000 square feet of space at Franklin Court, a 440,874-square-foot office building located at 1099 14 St. N.W. in downtown Washington, near the new CityCenterDC development. Starting in mid-2014, the following showrooms will be featured in the new Washington Design Center: AmericanEye, Arc-Com Fabrics, Century Showrooms, Cowtan & Tout, Doris Leslie Blau, Duralee Fabrics, F. Schumacher & Co., Fabricut, Galleria International, Hines & Co., Holland & Sherry, Holly Hunt, J. Lambeth & Co., Kravet, Michael Cleary, Osborne & Little, Pindler & Pindler, Robert Allen, Romo, Scalamandre and Stark Carpet. The new space will occupy the second, third and fourth floors, with additional retail offered on the ground level. Each showroom will feature a glass storefront and access to the plaza level of Franklin Court for product displays and events. Art Santry, Kurt Richter, Richard Bernstein, Jared Thal, and Steve Braun of Cassidy Turley represented the tenants in the transaction. Richard Tonner, Laurie McMahon and Zeke Dodson, also of Cassidy Turley, represented Franklin Court’s …