Office

THREE NEW LEASES SIGNED AT 230 PARK AVE. IN MANHATTAN

by admin July 31, 2013

NEW YORK CITY — Monday Properties and Invesco have secured three new leases at its property located at 230 Park Ave. in Manhattan. Bank of the Ozarks, a 100-year-old, Little Rock, Ark.-based community bank, signed a lease for 2,400 square feet. This will be the bank’s first office in New York City. Dallas-based Comerica, another banking institution, expanded its footprint by 1,800 square feet to now occupy 5,900 square feet on the sixth floor. In a third transaction, The Leona M. and Harry B. Helmsley Charitable Trust signed a new 15-year lease for 5,400 square feet on the fifth floor of the office building. The 34-story tower, located between 45th and 46th streets, includes 1.4 million square feet of Class A office space. James Wenk of Jones Lang LaSalle represented Bank of the Ozarks in its leasing transaction. Comerica and the Helmsley Trust were self-represented. Monday Properties was represented in-house by Jordan Berger in all three transactions, together with Frank Doyle, Jonathan Fanuzzi, Paul Glickman and David Kleiner of Jones Lang LaSalle.

July 31, 2013

PERRY & ASSOCIATES BREAKS GROUND ON TRAVERSE RIDGE CENTER IN LEHI

by admin July 31, 2013

LEHI, UTAH — Perry & Associates, Inc. has broken ground on Traverse Ridge Center I, a 70,000-square-foot, Class A office building in Lehi. The building represents the first phase of a 22-acre, mixed-use office campus. It will be located at the intersection of Triumph Boulevard and SR-92. The building is scheduled for completion in April 2014. Build-to-suit and ground lease options are currently available. The listing is managed by CBRE’s Eric Smith, Kreg Peterson, James Mecham and Jessmine Kim.

July 31, 2013

Office Western

PINNACLE PEAK COMMERCEPLEX I IN PHOENIX RECEIVES $17.1M IN REFINANCING

by admin July 31, 2013

PHOENIX — Pinnacle Peak Commerceplex I, a 302,254-square-foot warehouse/distribution property in Phoenix, has received $17.1 million in first-mortgage refinancing. Financing was based on a 10-year term and a 27-year amortization schedule. It was arranged by James DuMars and Michael Elmore of NorthMarq Capital through the firm’s relationship with a correspondent life company lender.

July 31, 2013

Office Southeast

USRA ACQUIRES 90,000-SQUARE-FOOT BUILDING FOR NEW HEADQUARTERS

by admin July 30, 2013

COLUMBIA MD. — The Universities Space Research Association, a nonprofit organization charged with advancing space science and technology, has acquired an office building in Columbia to expand its national headquarters. The 90,000-square-foot building, which is almost double the size of its current, leased headquarters, is located at 7178 Columbia Gateway Drive. The seller was South Norwalk, Conn.-based Greenfield Partners. Rich Rhodes, Dan Shapiro and Megan Hixon of Cresa Washington DC represented the buyer in the transaction. Cresa’s Project Management Services division will manage the building’s interior build-out.

July 30, 2013

Midwest Office

CASSIDY TURLEY OPENS NEW OFFICE IN DOWNTOWN ST. LOUIS

by admin July 30, 2013

ST. LOUIS — Cassidy Turley has opened a new 13,000-square-foot office in downtown St. Louis. Currently, the commercial real estate services firm has seven offices located throughout St. Louis and St. Charles County. The recently renovated office building, located at 600 Washington Ave., will expand the company’s physical presence within the city. The new office will accommodate 30 employees.

July 30, 2013

Office Texas

PEER 1 SIGNS 25,000 SF LEASE IN SAN ANTONIO

by admin July 30, 2013

SAN ANTONIO — Global web infrastructure and cloud-hosting provider PEER 1 Hosting has signed a 10-year lease for 25,000 square feet in San Antonio’s Pearl neighborhood. The impending move to the new space will more than quadruple PEER 1’s space and provide employees easy access to Pearl’s restaurants, parks and entertainment. PEER 1, which is headquartered in Vancouver, B.C., specializes in managed hosting, dedicated hosting and collocation and has about 540 employees worldwide.

July 30, 2013

Office Western

BROADWAY 101 OFFICE CAMPUS CHANGES HANDS IN TEMPE

by admin July 29, 2013

TEMPE, ARIZ. — Broadway 101, a 162,484-square-foot office campus in Tempe, has sold to GLL Real Estate Partnersfor an undisclosed sum. The Class A campus is located at 2141 and 2151 E. Broadway Road.It is 94 percent leased to tenants like MOOG/Broad Reach Engineering, Amerifirst Financial, Inc. and the Arizona corporate headquarters for Quantum Integrated Solutions.The seller, Broadway 101 Office Park,was represented by Dennis Desmond, Brian Ackermanand Dave Seegerof Jones Lang LaSalle’s Capital Markets’ team. Seeger has been the campus’ exclusive leasing broker since 2000. He is actively marketing the property’s remaining vacancies.

July 29, 2013

Office Western

MCCARRAN CORPORATE PLAZA IN LAS VEGAS SELLS FOR $10.2M

by admin July 29, 2013

LAS VEGAS — McCarran Corporate Plaza, an 87,018-square-foot office property in Las Vegas, has sold to TNP Acquisitions, LLC for $10.2 million. The property is located at 5740 and 5820 S. Eastern Ave. near McCarran International Airport and the I-215 Beltway. The two office buildings were 68 percent leased at the time of sale. Notable tenants include Carrington College, United Healthcare Services and AARP. The buyer plans to hold the property as an investment.TNP was represented by Commerce TNP, LLC. The seller, P-38 Properties, LLC, was represented by Chuck Witters and Kris Watier of Lee & Associates’ Las Vegas office.

July 29, 2013

Office Texas

STREAM REALTY TO HANDLE OFFICE PROPERTY LEASING

by admin July 29, 2013

CASTLE HILLS, TEXAS — Spencer Enterprises Ltd. has awarded Stream Realty Partners the leasing assignment for a 28,360-square-foot office property in Castle Hills, a suburb of San Antonio. The property is located at 1919 N.W. Loop 410. Carolyn Hinchey Shaw will serve as the leasing agent for the property. The office property has undergone upgrades recently, including enhanced landscaping and updated building entrances.

July 29, 2013

Office Western

BROADWAY 101 OFFICE CAMPUS CHANGES HANDS IN TEMPE

by admin July 29, 2013

TEMPE, ARIZ. — Broadway 101, a 162,484-square-foot office campus in Tempe, has sold to GLL Real Estate Partnersfor an undisclosed sum. The Class A campus is located at 2141 and 2151 E. Broadway Road.It is 94 percent leased to tenants like MOOG/Broad Reach Engineering, Amerifirst Financial, Inc. and the Arizona corporate headquarters for Quantum Integrated Solutions.The seller, Broadway 101 Office Park,was represented by Dennis Desmond, Brian Ackerman and Dave Seeger of Jones Lang LaSalle’s Capital Markets’ team. Seeger has been the campus’ exclusive leasing broker since 2000. He is actively marketing the property’s remaining vacancies.

July 29, 2013

Newer Posts

Older Posts

Upcoming Events

Aug
18