SOUTHPORT, CONN. — Vidal Wettenstein LLC has arranged the $2.3 million sale of 200 Pequot Avenue, a 13,000-square-foot office building in Southport. Pullman & Comley LLC formerly used the property as its headquarters. Computer Consulting Associates Inc. sold the building to SG Pequot 200 LLC. Robert Lewis of Vidal Wettenstein arranged the transaction.
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SANTA CLARA, CALIF. — Bixby Land Company has acquired the Lake Park Business Center, a 405,330-square-foot office project in Santa Clara. The seven-building center reportedly sold for more than $100 million. The center is situated on a 19.3-acre parcel bordered by Patrick Henry Drive, Bunker Hill Lane, Old Ironsides Drive and Tasman Drive. It is located just west of Levi’s Stadium, the new home of the San Francisco 49ers. Lake Park was 65 percent leased at the time of closing. Silicon Valley Bank occupies three of the center’s buildings. Bixby plans to carry out significant exterior and interior renovations to convert the property into a contemporary workplace. Construction is scheduled for completion by the end of the year. The repositioning is expected to cost $20 million. This is the fourth major office park reposition Bixby has carried out in Silicon Valley over the past two years. The seller was Divco West.
BURBANK, CALIF. – A joint venture has been formed between PCCP, LLC and Worthe Real Estate Group to acquire Tower Burbank, a 486,972-square-foot office property. The 32-story, Class A tower is located at 3900 West Alameda Ave. within the Burbank Media District. It became the tallest building in Burbank upon completion in 1989. The tower was formerly occupied by a division of Walt Disney Company until early 2013. It is currently vacant. The JV plans to update and rebrand the tower, which will undergo improvements to its lobby and exterior. It will also add a tenant-only health club and café.
ATLANTA — Lincoln Property Co. Southeast has arranged office lease renewals totaling 30,048 square feet at Eleven Seventeen Perimeter, a Class A office building in Atlanta’s North Fulton submarket. Hunter Henritze and Michael Howell of Lincoln Property Co. represented the unnamed landlord in the transactions, which include: Troy University renewing its 13,291-square-foot lease. Kathleen Burke of Cresa Atlanta represented Troy. Visionaire Partners renewing its 6,273-square-foot lease. Pete Shelton of Colliers International represented Visionaire. Care Solutions renewing its 5,681-square-foot lease. Ryan Cone of Cone Middour Partners represented Care Solutions. CURE Childhood Cancer renewed and expanded its lease to 4,803 square feet. Greg Kindred of Richard Bowers & Co. represented the tenant.
GLEN BURNIE, MD. — First Potomac Realty Trust has signed Skyline Technology Solutions to an 11-year lease for 28,753 square feet at Aviation Business Park in Glen Burnie. Aviation Business Park features three single-story, Class A office buildings totaling 120,285 square feet. The property is located about two miles from Baltimore-Washington International Airport. The transaction with Skyline brings the park to 70 percent occupancy.
CHICAGO — Amata Office Centers, an office suites provider, will open its sixth shared office center on May 1. The 16,950-square-foot center occupies the entire 24th floor of the building in the West Loop located at 150 S. Wacker Drive. The office center features more than 50 private office suites, seven open workstations, six large team rooms, three conference rooms, a café and lounge, and Amata’s Cognac room. The center also includes an open loft concept, gigabit Ethernet connection and video games in the lounge.
LISLE, ILL. — Morgan & Harbour Construction has completed a 21,000-square-foot office building build-out for Glory Global Solutions Inc., a provider of cash management solutions for banks and retailers. The office building is located at Warrenville Road in Lisle, a western suburb of Chicago. The space underwent an interior renovation, which included the construction of two kitchens, multiple conference rooms and private offices. The facility also features a video conference room, a demonstration center, a full product showroom and two IT rooms with a controlled access system. The building is energy code compliant. The Morgan & Harbour Construction team consisted of Ben Warriner, Mike Costanzo and Kieran Towe. INTERFORM provided the architectural and design services. Studley provided Glory Global Solutions with advisory and project and management services. Glory Global Solutions relocated its Illinois offices from another location in Lisle.
LOS ANGELES — North Ranch Office Building in the Los Angeles submarket of Westlake Village has sold to Chippewa Enterprises for $7.7 million. The 45,000-square-foot building is located at 31225 La Baya Drive. It was 48 percent leased at the time of sale. Jeff and Travis Albeeof Sperry Van Ness represented both the all-cash exchange buyer and the unnamed seller in this transaction.
OAK BROOK, ILL. — J.C. Anderson Inc. has been selected to complete a 20,000 square-foot office build-out for Millennium Trust Co. within Commerce Plaza, an office building in Oak Brook. Commerce Plaza, located at 2001 Spring Road, will undergo an interior build-out to add additional space on the third floor of the building. The full-floor remodel will include construction on open workspaces, private offices, training areas and a large multi-purpose room. This is the second project for J.C. Anderson with Millennium Trust. Dan Burnette is the project manager for the build-out. Ryan Kingsmill is the project superintendent for J.C. Anderson. Cannon Design will provide architectural services. CBRE is the project manager.
DRAPER, UTAH — Lone Peak Center, an 87,672-square-foot office building in Draper, has received $14.5 million in refinancing. The center is located at 11747 Lone Peak Parkway, just 20 miles south of Salt Lake City. The proceeds were used to pay off existing senior debt, among other uses. Lone Peak was built in 2007. It is currently 99 percent leased. The building serves as one of nine global customer service support centers for EMC Corporation, the world’s largest provider of data storage systems. It is also the corporate headquarters for O’Currance, a direct response telesales service provider. The center’s original developer, DBSI Group of Companies, experienced bankruptcy liquidation in 2010. The sponsor, a San Francisco-based real estate investment and asset management firm, purchased the REO property from M&I Bank, which is now BMO Harris. Financing was provided by Thorofare Capital.