LAS VEGAS — HMS Holdings Corp. has leased 65,000 square feet at The Gramercy in Las Vegas. The 500,000-square-foot, mixed-use development is currently under development just west of the 215 beltway at Russell Road. The cost containment solutions provider for the healthcare industry plans to move into the Class A space in early summer. The Gramercy is being developed by SWLV Development LLC, a collaboration between the principals of The Krausz Companies and WGH Partners. Wells Fargo provided the financing to complete the project.
Office
WEST PALM BEACH, FLA. — A10 Capital has provided a $5 million acquisition loan for a mid-rise suburban office building in West Palm Beach. The 69,715-square-foot, Class B office building was 69 percent leased at the time of sale. Chuck Taylor of A10 Capital’s Atlanta office structured and closed the loan on behalf of the borrower, a local investor and office operator. Jason Hochman of CBRE arranged the debt placement. CBRE represented the seller in the transaction.
TAMPA, FLA. — The U.S. Green Building Council has awarded the Bank of America Plaza in Tampa LEED Gold certification. MetLife owns Bank of America Plaza, and CBRE’s Anne-Marie Ayers, Phil Weber and Erica Waltermire leases the building. CBRE’s on-site management team, which includes Julie Palmer-Nicholson, Lynn Vilmar and Doug Lawson, worked with the technical services team to garner energy savings and follow MetLife and CBRE’s commitment to sustainability.
SOUTH PLAINFIELD, N.J. — Cushman & Wakefield has arranged a 17,000-square-foot headquarters lease for Petra Systems at 1 Cragwood Road in South Plainfield. The global provider of distributed-power electronic technologies is relocating to the Class A office property this winter from a nearby flex property. Slava Vaynberg, Marc Trevisan and David Sherman of Cushman & Wakefield arranged the lease on behalf of Petra Systems. Tanzanite Realty LLC owns the 160,000-square-foot 1 Cragwood Road building and was represented by Adam Englander from CBRE.
MIDDLEBURG HEIGHTS, OHIO — Marcus & Millichap has arranged the sale of a 33,387-square-foot building occupied by U.S. Customs and Border Protection in Middleburg Heights, a southwest suburb of Cleveland. The terms of the sale were not released. Geoff Ficke in Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, an individual/personal trust. Michael Glass, also of Marcus & Millichap, assisted in closing the transaction. U.S. Customs and Border Protection property is located at 6747 Engle Road.
OLYMPIA FIELDS, ILL. — JCF Real Estate has completed the sale of a Fresenius Dialysis building in Olympia Fields, a southern suburb of Chicago. Located at 2609 W. Lincoln Highway, the 12,000-square-foot property is occupied by the Fresenius Dialysis Center. Chrastka teamed up with Bruce Harris and James Walsh of Marcus & Millichap in representing ownership in the sale of the property. A West Coast-based investment firm purchased the building. JCF Real Estate developed the Fresenius building as a build-to-suit in 2004 on behalf of the ownership and tenant.
SECAUCUS, N.J. — A joint venture between PCCP (formerly known as Pacific Coast Capital Partners) and Mountain Development Corp. (MDC) has acquired One Harmon Plaza, a 192,000-square-foot, Class A office tower in Secaucus. One Harmon Plaza is a 42 percent-leased, 10-story office building that features 22,000 square-foot floor plates with panoramic views. The property is less than five miles from midtown Manhattan. The joint venture plans to upgrade common areas and add a fitness center, free conference center and on-site food service operated by a local eatery. John Alascio, Chris Moyer and Suraj Ravi led Cushman & Wakefield’s equity, debt and structured finance team in arranging and structuring the joint venture with PCCP. The joint venture also has tapped the Cushman & Wakefield leasing team of Marc Trevisan, David Sherman, David DeMatteis and Slava Verynberg as its leasing agent.
EXETER, N.H. — Cross Insurance has purchased and moved into a free-standing building on Portsmouth Avenue in Exeter, a city in southeast New Hampshire. The 4,000-square-foot building is located at 82 Portsmouth Ave. John Mueller of NAI Norwood Group represented the buyer, Cross Realty LLC, which will operate Cross Insurance in the new location. Jean Kane represented the seller. Cross Insurance plans to move into the property by mid-May.
DALLAS — Coldwell Banker Commercial Alliance DFW has brokered the sale of a 24,865-square-foot office property in Dallas. The two-story building, located at 8100 John W. Carpenter Freeway, was 62 percent leased at the time of the transaction. Monika Guzman-Perez of Coldwell Banker Commercial Alliance DFW represented the seller, John R. Salazar Properties Inc., in the all-cash transaction. The law firm of John Salazar, which relocated its headquarters to a downtown facility in mid-2013, will continue to lease an 1,800-square-foot suite at the property. Mark Pierce and Reagan Vidal of Commercial Realty Partners LLC represented the buyer, Hickory Creek Retail LP.
ARLINGTON, VA. — Atlanta-based Invesco Real Estate has sold Randolph Square, a nine-story, 189,871-square-foot office building in Arlington, about five miles west of Washington, D.C. The Class A office building is located in The Village of Shillington development at 2800 S. Randolph St. The LEED Gold-certified property is fully leased to the United States Patent and Trademark Office. Paul Collins, Bill Collins, Drew Flood, Jud Ryan and James Cassidy of Cassidy Turley represented Invesco in the sale of the asset to Easterly Partners.