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.
BELLEVUE, WASH. — Sharp Electronics Corporation has leased 13,472 square feet at Ridgewood Corporate Squareoffice complex in Bellevue. The seven-building, Class A park is located at 120th Avenue NE. Sharp was represented by Tom Wilson of Cushman and Wakefield. The seller, was represented by CBRE’s Scott Davis.
WEST PALM BEACH, FLA. — Taylor & Mathis has arranged a 12-year lease deal with Akerman Senterfitt LLC, Florida's largest law firm, for 40,000 square feet of office space in downtown West Palm Beach. In the $25 million deal, the law firm is leasing space for two-and-a-half floors at Phillips Point, a 500,000-square-foot office and retail complex located in West Palm Beach's central business district. Other notable tenants of Phillips Point include Global Capital Econometrix LLC, BMO Harris Bank, Goldman Sachs, Squire Sanders, Morgan Stanley and Greenberg Taurig. Brian Gale of Taylor & Mathis, along with Matt Cheezem of CRESA Partners, brokered the lease transaction.
DOWNERS GROVE, ILL. — The Alter Group has announced it will develop Corridors North, a 600,000-square-foot, four-building office campus in Downers Grove, a western suburb of Chicago. The buildings will feature all-surface parking, on-site food service and a fitness center. The Alter Group will seek LEED certification for the development. The development is located at the intersection of I-88 and I-355 expressways and is part of the 108-acre Corridors – Chicago office campus.
HOUSTON — HFF has brokered the sale of a 105,619-square-foot office building in Houston’s Energy Corridor. The asset, located at 15915 Katy Freeway and across from the 550-acre master-planned Park 10 mixed-use development, was 88 percent leased at the time of sale to tenants in various industries including engineering, technology, real estate, energy and healthcare. Dan Miller and Marty Hogan of HFF represented the seller, Downtown Properties, a real estate associate of Gaw Capital Partners. Dornin Investment Group purchased the building for an undisclosed amount, free and clear of debt.
BELLEVUE, WASH. — Sharp Electronics Corporation has leased 13,472 square feet at Ridgewood Corporate Square office complex in Bellevue. The seven-building, Class A park is located at 120th Avenue NE. Sharp was represented by Tom Wilson of Cushman and Wakefield. The seller, was represented by CBRE’s Scott Davis.
LAS VEGAS – The 41-year-old former Las Vegas City Hall has completed its transformation into the new Zappos headquarters. The online retailer will now be based at 400 E. Stewart Ave. in Downtown Las Vegas. Zappos purchased the building for $18 million. The company was formerly based in nearby Henderson after relocating to Nevada from San Francisco in 2004. The creative office space was designed to LEED-Gold specifications. The $60-million renovation began in August 2012. It was carried out by The PENTA Building Group.
NASHVILLE, TENN. — The CMT Building, an iconic office tower anchored by Country Music Television (CMT) in downtown Nashville, has sold for $11.2 million. Commerce Street Nashville Partnership purchased the 114,038-square-foot, Class A office tower, located at 330 Commerce St. CMT, a wholly owned subsidiary of Viacom, recently signed a seven-year lease renewal for its 86,000-square-foot stake in the building. Cushman & Wakefield | Cornerstone represented the seller, Wells Real Estate Funds, in the transaction.
STRATFORD, CONN. — Corporate Display Specialties (CDS) has relocated its offices, assembly and storage space to 60 Watson Blvd. in Stratford. The company, which is presently located in Stratford, will relocate to 8,074 square feet in the 81,000-square-foot building. Bruce Wettenstein, partner with Vidal/Wettenstein LLC, represented the owner, Blase Management, and CDS in the transaction. Since 1983, CDS has been a provider of trade show displays and exhibits.