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.
PLANTATION, FLA. — Grandbridge Real Estate Capital has arranged a $9 million first mortgage for 1250 Pine Island, a 52,424-square-foot, Class A office building located in Plantation. The loan, which was provided by a regional bank, carries a fixed interest rate and a 25-year amortization. Philip Carroll and Michael Balan of Grandbridge’s Miami office originated the financing on behalf of the undisclosed borrower.
OAK BROOK, ILL. — General Growth Properties (GGP) has secured three lease renewals totaling 9,128 square feet of office space at its Oak Brook East Building in Oak Brook. Estatax renewed 4,107 square feet, Edelstein & Chamberlin renewed 2,650 square feet and Lakeside Energy LLC renewed 2,371 square feet. The 104,725-square-foot building is located at 1200 Harger Road at Oak Brook Center. The building currently has 65,000 square feet available for lease ranging from 1,971 to 12,588 square feet. Mike Van Zandt, Brian Edgerton and Matt Novak, with NAI Hiffman’s office services group, represented GGP in all three transactions. Joel Berger and Bradford Allen, also of NAI Hiffman, represented Estatex. Benjamin Cooper and William Main of CBIZ Gibraltar represented Edelstein & Chamberlin.
NEW YORK CITY — CenterSquare Investment Management Holdings Inc. and Ivy Realty have sold Crossroads Corporate Center and Crossroads Executive Center, two multi-building office parks in Long Island. Matrix Realty Corp. acquired the properties, adding 400,000 square feet of office space to its portfolio. Located in Hauppauge, Crossroads Corporate features 215,000 square feet in three single-story structures and one four-story building. Crossroads Executive includes nine single-story buildings accounting for an aggregate 185,000 square feet. Colliers International marketed the office portfolio on behalf of CenterSquare and Ivy.
GRAPEVINE, TEXAS — Automotive Rentals Inc. (ARI) has leased an additional 10,830 square feet at The Offices @ Grapevine Parkway, an office complex located at 2550 S.W. Grapevine Parkway in Grapevine. ARI, a member of Mount Laurel, N.J.-based Holman Auto Group, has grown its leased space at the property to more than 50,000 square feet. Jim Poynter and Dennis Scifres of Tenant Realty Advisors LLC represented the landlord, One Grapevine Parkway Ltd. Steven Greenfield of ARI represented the tenant in-house.
BOTHELL, WASH. — Nexus Canyon Park Research Center, a 152,050-square-foot biotech and data center facility in the Seattle submarket of Bothell, has received a $21-million refinance. The facility is located within the Canyon Park Business Center. It is 97 percent leased to tenants like T-Mobile, Epoch Pharmaceuticals and Acucela. The interest-only, fixed-rate loan was arranged by HFF’s Tim Wright and Zack Holderman on behalf of Nexus Properties.
CHESAPEAKE, VA. — Cushman & Wakefield | Thalhimer has arranged the sale of The Offices at Hanbury, a 22,098-square-foot office park located at 131 and 135 Hanbury Road in Chesapeake. Hanbury Road Partners LLC purchased the property from Hanbury LLC for $2.3 million. Christine Kaempfe of Cushman & Wakefield represented the seller in negotiations.
NORTHBROOK, ILL. — NAI Hiffman represented The Davis Cos. in two leases totaling 7,770 square feet at its Edens Corporate Center in Northbrook, a suburb of Chicago. The Bureaus Inc., a financial services firm, signed a new lease for 4,369 square feet, and law firm Berlin & Braude renewed its 3,410-square-foot lease for an additional five years. Edens Corporate Center, located at 630-650 Dundee Road, features twin Class A, four-story buildings totaling 188,000 square feet. The Davis Cos. owns the property and NAI Hiffman manages it. The office property is 84 percent occupied with available spaces ranging from 1,600 to 10,600 square feet.
NORTHBOROUGH, MASS. — McKesson Medical-Surgical has signed a 203,662-square-foot lease renewal expansion at 55 Lyman St. in Northborough, a western suburb of Boston. The lease includes a 48,918-square-foot expansion to McKesson’s current space, bringing the building to full occupancy. Completed in 2005, 55 Lyman Street is a single-story distribution facility featuring 260,760 square feet of space. John Lashar, partner, and senior vice president Paul Leone of Richards Barry Joyce & Partners LLC represented the landlord in the transaction. Robert Gibson of CBRE/England represented McKesson Medical-Surgical.
BOTHELL, WASH. — Nexus Canyon Park Research Center, a 152,050-square-foot biotech and data center facility in the Seattle submarket of Bothell, has received a $21-million refinance. The facility is located within the Canyon Park Business Center. It is 97 percent leased to tenants like T-Mobile, Epoch Pharmaceuticals and Acucela. The interest-only, fixed-rate loan was arranged by HFF’s Tim Wright and Zack Holderman on behalf of Nexus Properties.