Office

MCKESSON SIGNS 203,662 SF LEASE IN METRO BOSTON

by admin July 25, 2013

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.

July 25, 2013

NEXUS CANYON PARK RESEARCH CENTER IN BOTHELL RECEIVES $21M REFINANCE

by admin July 25, 2013

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.

July 25, 2013

Office Western

MURPHY CROSSING OFFICE COMPLEX IN SILICON VALLEY CHANGES HANDS

by admin July 24, 2013

MILPITAS, CALIF. — Murphy Crossing, a 361,807-square-foot office property in Silicon Valley, has sold to CBRE Strategic Partners U.S. Value 6 for an undisclosed sum. The fund is sponsored by CBRE Global Investors. The five-building, Class A property is located at 1001, 1011 and 1033 McCarthy Blvd. and 915 and 933 Murphy Ranch Road. It is situated on the border between Milpitas and North San Jose. The property is scheduled to undergo renovations and will strive for LEED certification.

July 24, 2013

Office Western

WESTWOOD TERRACE OFFICE BUILDING IN LOS ANGELES SELLS FOR $54M

by admin July 24, 2013

LOS ANGELES — Westwood Terrace, a 150,632-square-foot office building in the Los Angeles submarket of Westwood, has sold to a joint venture between Ocean West Capital Partners and Westbrook Partners. The institutional-quality building is located at 1640 S. Sepulveda Blvd. It is currently 67 percent leased. The seller, Jamison Properties, was represented by CBRE’s Kevin Shannon, Ken White, Todd Tydlaska and Mike Moll.

July 24, 2013

Northeast Office

NONPROFIT SIGNS 11,911 SF LEASE AT 120 BROADWAY

by admin July 24, 2013

NEW YORK CITY— The World Trade Centers Association (WTCA), has signed a 10-year, 11,911-square-foot lease on the 33rd floor at 120 Broadway in New York City. The asking rent was more than $42 per square foot. WTCA is a nonprofit international trade association that brings together corporations and government agencies in more than 100 countries. Shawn Harooni of Norman Bobrow & Co. represented WTCA in the transaction. Camille McGratty of Silverstein Properties represented the landlord in house.

July 24, 2013

Office Texas

ZIEGLER COOPER COMPLETES $11M OFFICE REDEVELOPMENT PROJECT

by admin July 24, 2013

HOUSTON — Ziegler Cooper Architects has completed an $11 million redevelopment project at Brookhollow Central I, part of a three-building, 800,000-square-foot office complex located in the North Loop West submarket near Loop 610 and U.S. 290 in Houston. The updates include renovating the building glass, entrance portals, lobby finishes, garage-building connector, floor restrooms, corridors and elevator lobbies. The renovations also included mechanical upgrades, environmental graphics, vertical transportation improvements, garage improvements and new landscaping. Ziegler Cooper will continue redevelopment of the office campus under owner Parmenter Realty Partners. Ziegler hopes to achieve LEED for Existing Building (EB) certification.

July 24, 2013

Office Texas

ZACHRY CORP. ACQUIRES NEW HEADQUARTERS

by admin July 24, 2013

SAN ANTONIO — Travis Commercial Corp. Services has brokered the acquisition of Heritage Oaks I, an 84,000-square-foot, Class A office building located on Loop 1604 and Bitters Road in San Antonio. Zachry Corp. purchased the property, which will serve as its new headquarters. Mark Krenger and Jeff Miller of Travis Commercial provided acquisition and advisory services to Zachry Corp.

July 24, 2013

Office Texas

ROSEMONT REALTY SECURES LONG-TERM LEASE EXPANSION

by admin July 24, 2013

DALLAS — Rosemont Realty LLC has secured a long-term lease expansion from NorthPark Management at 8080 NCX, a 286,921-square-foot office complex located at 8080 N. Central Expressway in Dallas. The building is currently at 95 percent occupancy. Kirby White represented Rosemont Realty in-house and John Amend and J.W. Amend of the Amend Group represented NorthPark Management in the transaction.

July 24, 2013

Office Western