Office

NAI HOUSTON TO MARKET HQ-STYLE OFFICE BUILDING IN HOUSTON

by admin June 21, 2013

HOUSTON — NAI Houston has been selected to market an 88,705-square-foot corporate headquarters-style facility, located at 8787 Tallyho Road in Houston’s Gulf Freeway submarket. The property is comprised of three office buildings connected by interior walkways and is situated on 12-acres of land. Building amenities include a data center with back-up generators, offices, open-areas, cafeteria, boardroom, kitchen areas and an 8/1,000-square-foot parking ratio. NAI Houston’s Dan Boyles Jr. and Liz Westcott-Brown will be the leasing/sales agents for the property.

June 21, 2013

HALL OFFICE PARK WELCOMES FOUR NEW TENANTS

by admin June 21, 2013

FRISCO, TEXAS — Hall Financial Group, owner and landlord of the 162-acre Hall Office Park in Frisco, has signed leases with four new companies within the complex. The Old Republic Title Insurance Group (ORTIG) has signed a new lease for 3,290 square feet at 6801 Gaylord Parkway. Jill Arias with DZT represented ORTIG in lease negotiations. Advanced Microbial Solutions LLC has signed a new lease for 3,251 square feet at 2600 Network Blvd. Rhonda Martin of The Commercial Connection represented Advanced Microbial Solutions in the lease transaction. Medical Management Professionals Inc. has signed a new lease for 1,695 square feet at 2591 Dallas Parkway. Brad Mason of Jackson Cooksey represented MMP in negotiations. Basic Contracting Services Inc. has leased office space at 2600 Network Blvd. for its corporate headquarters. Kim Butler, Tammy Nellis and Brad Gibson represented Hall Financial Group in-house in all four lease deals.

June 21, 2013

Office Western

EL SEGUNDO OFFICE BUILDING CHANGES HANDS

by admin June 21, 2013

EL SEGUNDO, CALIF. – A 198,532-square-foot office building in El Segundo has sold to Menlo Equities for an undisclosed sum. The building is located at 101 North Sepulveda. It is 89 percent leased to Federal Express and International Rectifier. The seller, a global investment manager, was represented by HFF’s Michael Ross, Paul Brindley, Richard Plummer and Andrew Harper.

June 21, 2013

Office Western

SUMMIT PHASE V IN ALISO VIEJO RECEIVES $33.5M IN FINANCING

by admin June 20, 2013

ALISO VIEJO, CALIF. — Summit Phase V, a 250,803-square-foot, Class A office campus in Aliso Viejo, has received $33.5 million in financing. The two-building campus is located at 20 and 30 Enterprise Drive. When completed in 2007, it represented the fifth phase of a 1.6-million-square-foot, master-planned campus that included a corporate hotel, dining and fitness amenities.

June 20, 2013

Northeast Office

RFR REALTY ARRANGES THREE OFFICES LEASES IN NYC

by admin June 20, 2013

NEW YORK CITY — RFR Realty LLC has arranged a trio of new office leases totaling 39,020 square feet at 757 Third Ave in New York. In the largest transaction, Epiq Bankruptcy Solutions LLC agreed to a 28,036-square-foot lease. Omni Development Inc. and Astoria Federal Savings and Loan Association agreed to 5,700 square feet on the seventh floor and 5,284 square feet on the 19th floor, respectively. Other recent transactions at 757 Third Avenue include 10-year leases with Aerotek Inc. and TEK Systems Inc. Rents at the trophy tower range from the low $50s to the low $60s per- square-foot.

June 20, 2013

Office Western

SUMMIT PHASE V IN ALISO VIEJO RECEIVES $33.5M IN FINANCING

by admin June 20, 2013

June 20, 2013

Office Western

WESTMOOR CENTER NEAR DENVER SELLS FOR $86M

by admin June 19, 2013

DENVER — Westmoor Center, a 612,890-square-foot, Class A office complex, has sold to KBS Strategic Opportunity REITfor $86 million. The six-building complex is located at 10055-10385 Westmoor Drive in the Denver submarket of Westminster. It was 86 percent occupied at the time of sale. Notable tenants include Ball Corporation, Lender Processing Services and Datalogix. Westmoor Center is part of the larger Ten West complex at Westmoor Business Park. With this recent purchase, KBS and affiliates now own six office properties in the Denver area that total more than 1.7 million square feet.

June 19, 2013

Office Southeast

TRINITY CAPITAL ADVISORS ACQUIRES DURHAM OFFICE BUILDING

by admin June 19, 2013

DURHAM, N.C. — Trinity Capital Advisors has acquired a 73,446-square-foot office building located within Meridian Business Park in Durham. Anchor tenants at the property include SRA International and Lockheed Martin Corp. Trinity plans to recapitalize and reposition the asset with the short-term goal of achieving full occupancy. The seller in the deal was Byrd Meridian LLC. The purchase price was not released.

June 19, 2013

Midwest Office

GLENSTAR BUYS CONTINENTAL TOWERS FOR $58.5M

by admin June 19, 2013

ROLLING MEADOWS, ILL. — GlenStar Properties LLC has acquired Continental Towers, a 910,796-square-foot office complex in Rolling Meadows, located about 28 miles northwest of Chicago. Glenstar reportedly purchased the property with Walton Street Capital LLC for $58.5 million. The three-tower office complex was acquired from CW Capital on behalf of the owner, 1701 West Golf Road Holdings LLC. Glenstar plans to invest $8 million in capital improvements, which will include an overhaul of the driveways, entranceways, parking lot and landscaping. Signage, restrooms, tenant corridors and lobbies will also be upgraded. Tenants at the property include Komatsu America Corp., the Lincoln National Life Insurance Co., Advocate Health Partners, Fifth Third Bank and Chicago Title Insurance Co.

June 19, 2013

Northeast Office

ALEXION BREAKS GROUND ON NEW GLOBAL HEADQUARTERS

by admin June 19, 2013

NEW HAVEN, CONN. — Alexion Pharmaceuticals Inc. has broken ground on 100 College Street, a state-of-the-art laboratory and office building that will house the company’s new global headquarters in New Haven’s Downtown Crossing neighborhood. Alexion will be the anchor tenant in 100 College Street, occupying nine floors. The building is expected to be open for occupancy in 2015. Alexion plans to relocate more than 400 employees who are currently based in Connecticut to the new site in 2015. The state-of-the-art, 11-story office building is the first building to be erected as part of New Haven’s Downtown Crossing urban revitalization effort. The building is being constructed to be certifiable of at least LEED Silver.

June 19, 2013

Newer Posts

Older Posts