SANTA FE SPRINGS, CALIF. — L.A. Specialty Produce has signed a 270,000-square-foot lease in Santa Fe Springs. The wholesale produce, dairy and specialty foods distributor will expand its headquarters and warehouse operations by 82,000 square feet. The facility is located at 13527 Orden Drive within the Golden Springs Business Park. L.A. Specialty was represented by John McMillan and Jeff Sanita of Cushman & Wakefield. The landlord, Thrifty Oil, an affiliate of Golden Springs Development Co., was represented by Clyde Stauff and Steve Calhoun of Colliers.
RIVERWOODS, ILL. — Podolsky|Circle CORFAC International has arranged two new leases at Riverwoods Corporate Center in Riverwoods, located about 29 miles north of Chicago. Partners In Design Architects Inc. has leased 2,621 square feet and Office Revolution has leased 1,380 square feet at the property. With these transactions, Riverwoods Corporate Center is fully leased. Partners In Design, an architectural firm, will move into its space later this year. The firm has previously leased 3,500 square feet in the building. Office Revolution, a provider of high-quality furniture, will move into its space later this month. Riverwoods Corporate Center, located at 2610 Lake Cook Road, is a two-story, Class A office building totaling 46,000 square feet. Building features include executive heated underground parking and grade-level parking for more than 130 cars. Tenants include Podolsky|Circle, Hardt, Stern & Kayne PC, Irgens Development Partners, Creative Financial Services Indorama Ventures and Contract Resource. Randy Podolsky, managing principal, and Corey Chase, principal of Podolsky|Circle CORFAC International, represented the building’s owner, RCC JV LLC, in the transaction.
SADDLE BROOK, N.J. — CBRE Group Inc. has arranged $18 million in financing for Fairfield Business Center in Fairfield, on behalf of a partnership owned and managed by Denholtz Associates and The Zaro Group. James Gunning, Donna Falzarano and Evan Kleppe of CBRE’s debt & equity finance group secured the non-recourse loan with Redwood Trust. The 10-year, fixed-rate loan includes a 30-year amortization schedule. Fairfield Business Center is a seven-building, 336,000-square-foot flex/office park situated in the heart of the Fairfield/Route 46 submarket. The portfolio was 85 percent occupied at the time of the transaction.
HOUSTON — HFF has brokered the sale of a 57,811-square-foot office building located at 14811 St. Mary’s Lane in Houston’s Energy Corridor submarket. The property, part of a master-planned business park near the intersection of Interstate 10 and Dairy Ashford Road, was 87.7 percent leased at the time of the sale. Dan Miller, senior managing director, led the HFF team that represented the seller, BGK Integrated Group. Mission Equities was the purchaser.
CARLSBAD, CALIF. — Drawbridge Realty Trust has purchased Pacific View Corporate Center, an 80,862-square-foot office building in Carlsbad for $22.2 million. The Class A center is located at 5759 Fleet Street in the Carlsbad Ranch area. It is fully leased to Synteract and RF Micro Devices. Drawbridge was represented by Rick Reeder, Joe Anderson and Dennis Visser of Cassidy Turley’s North San Diego office. The seller, TA Realty Associates, was represented by Jeff Cole, Ed Hernandez, Michael Roberts and Brunson Howard of Cushman & Wakefield.
SANTA FE SPRINGS, CALIF. — L.A. Specialty Produce has signed a 270,000-square-foot lease in Santa Fe Springs. The wholesale produce, dairy and specialty foods distributor will expand its headquarters and warehouse operations by 82,000 square feet. The facility is located at 13527 Orden Drive within the Golden Springs Business Park. L.A. Specialty was represented by John McMillan and Jeff Sanita of Cushman & Wakefield. The landlord, Thrifty Oil, an affiliate of Golden Springs Development Co., was represented by Clyde Stauff and Steve Calhoun of Colliers.
MOUNTAIN VIEW, CALIF. – Google has agreed to lease space at the former Mayfield Mall in Mountain View. The mall is currently undergoing a transformation that will turn it into a 500,000-square-foot office campus. Construction on the Class A office complex should be completed in 2014. It is located at 100 Mayfield Ave. in Silicon Valley.The mall was originally built in 1966. Notable tenants included J.C. Penney, Wells Fargo Bank and the Mayfair Market grocery store. The mall is owned by a joint venture between Rockwood Capital, LLC and Four Corners Properties. Kevin Cunningham and Jack Troedson of Cornish & Carey Commercial Newmark Knight Frank represented the landlordin this transaction.
CARLSBAD, CALIF. — Drawbridge Realty Trust has purchased Pacific View Corporate Center, an 80,862-square-foot office building in Carlsbad for $22.2 million. The Class A center is located at 5759 Fleet Street in the Carlsbad Ranch area. It is fully leased to Synteract and RF Micro Devices. Drawbridge was represented by Rick Reeder, Joe Anderson and Dennis Visser of Cassidy Turley’s North San Diego office. The seller, TA Realty Associates, was represented by Jeff Cole, Ed Hernandez, Michael Roberts and Brunson Howard of Cushman & Wakefield.
MIAMI — Resorts World Bimini and Resorts World Miami are locating their headquarters in the Omni Offices, an office building located at 1501 Biscayne Blvd. in downtown Miami. The two entities will staff about 150 employees and occupy approximately 30,000 square feet. The lease transaction is downtown Miami's largest new occupancy of the year, according to Continental Real Estate Cos. (CREC). Omni Offices also houses the Miami International University of Art & Design, the U.S. State Department, and the U.S. Diplomatic Security and Passport Agency. An additional 185,000 square feet of office space is available at the property. Steven Hurwitz, Douglas Okun and Amy von Hofen of CREC are spearheading the property's leasing and marketing campaign on behalf of the Genting Group, owner of Omni Offices.
ISLANDIA AND HAUPPAUGE, N.Y. — A partnership has acquired The Crossroads Corporate Center, a 400,000-square-foot, 13-building office complex in Islandia and Hauppauge. Matrix Investment Group and The Crest Group purchased the building, which has been renamed the Matrix Corporate Park. The Class A office property is situated on the north and south side of the Long Island Expressway at exit 57. Current tenants include National Life Group, Stifel Nicolaus, Paychex, EmpireNational Bank, Rubin & Rothman and TransFirst. Available space at Matrix Corporate Park ranges from 750-square-foot executive suites to 8,000-square-foot areas.