Office

TKJ ASSOCIATES SELLS 50,000 SF OFFICE BUILDING IN BRANFORD

by admin May 23, 2013

BRANFORD, CONN. — TKJ Associates has sold a 50,000-square-foot Class A office building, located at 322 E. Main St. in Branford, to 322 East Main Street LLC. The buyer is an entity owned by a Connecticut-based real estate investor and affiliate of Stamford, Conn.-based SWC Office Furniture. Steven Inglese of New Haven Group represented the seller and procured the buyer in the transaction. The three-story office building was 38 percent leased prior to the time of sale. Coinciding with the purchase of the building, the buyer entered into leases with two new tenants for the entire first floor, bringing the building’s occupancy close to 70 percent. The new owner also has renovations planned for various common areas including the lobby entrance. The New Haven Group will continue marketing the building for lease on behalf of the new owner. The purchase price was undisclosed.

May 23, 2013

LANDIS GROUP’S 400 ATLANTIC ST. ACHIEVES LEED SILVER

by admin May 23, 2013

STAMFORD, CONN. — The Landis Group’s Class A office tower, located at 400 Atlantic St. in Stamford, has achieved LEED Silver certification from the U.S. Green Building Council for Existing Buildings. In 2012, the management at 400 Atlantic assembled an in-house team to incorporate a variety of sustainable initiatives and cost-cutting strategies, including changes in electrical usage, fuel/gas consumption and hardscape management.

May 23, 2013

Office Texas

COUSINS PROPERTIES BREAKS GROUND ON COLORADO TOWER

by admin May 23, 2013

AUSTIN, TEXAS — Atlanta-based Cousins Properties Inc. has broken ground on Colorado Tower, a 371,000-square-foot, Class A office tower in downtown Austin's Warehouse District. Dude/Paine Architects designed the 29-story building under the Austin Energy Green Building 2 star program. Colorado Tower will feature a fitness facility and conference center. Two firms, DuBois, Bryant & Campbell LLP and Scott, Douglass & McConnico LLP, have pre-leased space in the tower. Colorado Tower is expected to be substantially complete by December 2014.

May 23, 2013

Midwest Office

COLE BUYS HILLSHIRE HQ IN CHICAGO FOR $97.5M

by admin May 22, 2013

CHICAGO — Cole Real Estate Investments, on behalf of Cole Corporate Income Trust Inc., has acquired the Hillshire Brands Co. headquarters in Chicago’s West Loop for $97.5 million. Sterling Bay Cos. reportedly purchased the empty 233,869-square-foot building in 2012 for $10 million, and spent about $50 million to build-out the property for Hillshire. All of the infrastructure and building components were redone, and windows were added on all four exposures, expanding the amount of natural light. “One of the key factors was the long-term lease — nearly 15 years — with an investment-grade tenant,” says Boyd Messmann, senior vice president of office and industrial acquisitions.

May 22, 2013

Office Texas

BOXER PROPERTY ACQUIRES HOUSTON OFFICE BUILDING

by admin May 22, 2013

HOUSTON — Houston-based Boxer Property has acquired Northwest Central Plaza, a 75,289-square-foot office building located at 5500 N.W. Central Drive in Houston. The two-story property is currently vacant. Boxer Property also owns the adjacent property, 5600 N.W. Central Drive.

May 22, 2013

Northeast Office

KALMON DOLGIN ARRANGES $1.3M SALE OF 16-13 STEPHEN ST.

by admin May 21, 2013

NEW YORK CITY — Kalmon Dolgin Affiliates Inc. (KDA) has arranged the sale of an 8,800-square-foot property at 16-13 Stephen St. in the Ridgewood section of Queens for $1.3 million. Howard Darsi of KDA represented the buyer, Jack Pierson Studio, while Jean Cook, also of KDA, represented the seller, Stephen Street Realty LLC, in the transaction. Jack Pierson relocated to 16-13 Stephen Street from 70 Greenwich Ave. in Manhattan, and will use the location as a studio. Located between Cypress and Wyckoff avenues, the property provides easy access to Manhattan and Brooklyn via the L subway line.

May 21, 2013

Office Texas

TENASKA FINALIZES 32,102 SF OFFICE LEASE IN ARLINGTON

by admin May 21, 2013

ARLINGTON, TEXAS — Nebraska-based Tenaska Inc. has renewed its 32,102-square-foot lease at the Offices at Brookhollow in Arlington. The Offices at Brookhollow is an 80,104-square-foot office development at 1701 E. Lamar Blvd. Karen Simon and Brian Scott of Bradford Commercial Real Estate Services represented the landlord, 1031 Arlington LLC, in the five-year lease renewal. Renee Efimoff of SCM Real Estate Services Inc. represented the tenant.

May 21, 2013

Office Western

NEW CHARLES SCHWAB CAMPUS BREAKS GROUND IN LONE TREE

by admin May 20, 2013

LONE TREE, COLO. – A new 467,000-square foot Charles Schwab campus has broken ground in Lone Tree. The $200-million campus will be situated on more than 40 acres in the RidgeGate community just southeast of Denver. It will allow the brokerage and banking company to consolidate three of its Denver service center facilities. The campus will contain a two-story retail branch building, two additional five-story office buildings and a 15,000-square-foot employee dining facility. It is striving for LEED-Gold certification. The project is scheduled for completion in the third quarter of 2014. It will be built by Mortenson Construction and designed by Fentress Architects.

May 20, 2013

Office Southeast

PRIMERICA OPENS NEW GLOBAL HEADQUARTERS

by admin May 20, 2013

DULUTH, GA. — Financial services and marketing firm Primerica Inc. has opened its new global headquarters in Duluth. The 365,000-square-foot facility will house 1,600 of the company's 1,700 Gwinnett County-based employees, and has the capacity for an additional 200 people. The three-story building includes 58 conference rooms, a theater and adjoining TV studio, a 248-seat cafe and an interactive tour named “Imagine,” designed to showcase the new headquarters to current and prospective representatives and employees. Duke Realty was the project developer.

May 20, 2013

Midwest Office

MIRAE ACQUIRES 225 W. WACKER FOR $218M

by admin May 20, 2013

CHICAGO — South Korean-based investor Mirae Asset Global Investments has purchased 225 W. Wacker in Chicago from 225 West Wacker Acquisition Co. for $218 million. Mirae also borrowed $115 million in acquisition financing through Principal Real Estate Investors and Allianz Real Estate of America, which provided the five-year loan. The 650,812-square-foot property is currently 91 percent leased to tenants including Edwards Wildman Palmer, PPM America, Merrill Lynch, CBIZ, Booz & Co., True Partners Consulting and Apple. Bruce Miller, Jim Postweiler and Nooshin Felsenthal of Jones Lang LaSalle led the sales team, while Keith Largay, Dave Hendrickson and Ian Russell, also of Jones Lang LaSalle, led the financing efforts in the transaction.

May 20, 2013

Newer Posts

Older Posts