Office

HOUSTON — ConocoPhillips, the world's largest energy exploration and production company, has signed an 850,000-square-foot, long-term lease encompassing two new office buildings in Houston's Energy Corridor. The company will fully occupy the 550,000-square-foot Energy Center Three, which is currently under construction, by the second quarter of 2015. Additionally, in 2016 the firm will lease an additional 300,000 square feet in Energy Center Four, a planned 600,000-square-foot office building slated to commence construction later this year. The facilities will serve as the consolidated location for ConocoPhillips' Lower 48 Business unit, which is focused on exploration and production operations throughout the lower 48 states. The Energy Center campus will include an active greenspace to provide common outdoor areas for activities, and Energy Center Three and Energy Center Four will include energy-efficient features to help achieve LEED Gold certification. A joint venture between Trammell Crow Co. and Principal Real Estate Investors (PREI) is developing the office campus. Aaron Thielhorn, Kevin Schmok and Brandon Houston of Trammell Crow, along with Joe Wanninger of PREI, will lead the development team. Cody Armbrister and Steve Rocher of CBRE's Houston office represented the joint venture in the transaction with ConocoPhillips.

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SAN FRANCISCO – A pair of office buildings have changed hands in San Francisco. They include the 330 Townsend Street in the South of Market (SOMA) district and 995 Market Street in the city’s mid-Market corridor. CIM Group purchased the Townsend property for an undisclosed sum. It is 98 percent leased to a variety of creative and professional service firms. The Market Street property was purchased by 995 Market Street SF Investment, which was a joint venture between Columbia Pacific Advisors and Long Market Property Partners. It is anchored by Black Rock City, which produces the famous Burning Man Festival. The new owner plans to implement a significant capital improvement program at the site in order to attract creative and high-tech tenants. Mike Taquino, Daniel Cressman and Kyle Kovac of Newmark Knight Frank Cornish & Carey Commercial Capital Group represented the Townsend seller, ATC Partners, as well as the Market Street buyer.

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LISLE, ILL. — Primera Engineers Ltd., an engineering design, management and consulting firm, has expanded its lease to 19,101 square feet of office space at 550-650 Warrenville Road in Lisle. The 172,695-square-foot building is located within Corporetum VI, an office campus along I-88. Following the deal, the property is now 85 percent occupied. Patrick Kiefer, Jim Adler and Dan O'Neill of NAI Hiffman represented the landlord, Winthrop Realty Trust, in the transaction. David Miller and Jesse Van Dyke of Jones Lang LaSalle represented the tenant.

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HOUSTON — Griffin Capital Essential Asset REIT Inc. has purchased a 149,700-square-foot, Class A office building in Houston's Energy Corridor for $48.7 million. The property is fully leased, with 97 percent of the building leased to Schlumberger Technology Corp., a subsidiary of Schlumberger Limited. The office building serves as Schlumberger Limited's base for its Financial Hub operations.

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SAN FRANCISCO – A pair of office buildings have changed hands in San Francisco. They include the 330 Townsend Street in the South of Market (SOMA) district and 995 Market Street in the city’s mid-Market corridor. CIM Group purchased the Townsend property for an undisclosed sum. It is 98 percent leased to a variety of creative and professional service firms. The Market Street property was purchased by 995 Market Street SF Investment, which was a joint venture between Columbia Pacific Advisors and Long Market Property Partners. It is anchored by Black Rock City, which produces the famous Burning Man Festival. The new owner plans to implement a significant capital improvement program at the site in order to attract creative and high-tech tenants. Mike Taquino, Daniel Cressman and Kyle Kovac of Newmark Knight Frank Cornish & Carey Commercial Capital Group represented the Townsend seller, ATC Partners, as well as the Market Street buyer.

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OAKBROOK TERRACE, ILL. — NAI Hiffman has arranged three leases along Butterfield Road in Chicago’s East-West corridor totaling 15,169 square feet. Jack Henry & Associates has signed a 7,709-square-foot lease renewal at Butterfield Centre, located at 700 Butterfield Road in Lombard. NAI Hiffman represented the landlord, St. Paul Travelers, in the transaction. In Oakbrook Terrace, The BROE Group acquired a new tenant, Midwest Digestive Disease Specialists, which signed a lease for 5,427 square feet of office space at 2 TransAm Plaza. At 635 Butterfield Road, Premises Group signed a new lease with a full service engineering firm, CHA Consulting Inc., for 2,033 square feet. Michael Van Zandt, Brian Edgerton and Matt Novak of NAI Hiffman’s office services group, represented the landlords in all three transactions. Tim Fisher with Cresa represented Jack Henry & Associates. Al Lindeman with Sperry Van Ness/AML Commercial represented Midwest Digestive. Kellen Monti of Jones Lang LaSalle represented CHA Consulting.

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GARDEN CITY, N.Y. — AG-Metropolitan 711 Stewart Avenue LLC, a joint venture of Metropolitan Realty Associates LLC and Angelo, Gordon & Co., has sold a 125,000-square-foot office/medical condominium unit at Garden City Square for $16.4 million. The buyer was Great Neck, N.Y.-based Benedict Realty Group. The property, which is 55 percent leased, was recently renovated and provides an infrastructure to meet the needs of office/medical tenants. Jeffrey Dunne, Steven Bardsley, David Gavin, Philip Heilpern, Richard Karson and Martin Lomazow of CBRE represented AG Metropolitan in the transaction. The CBRE team also procured the buyer, which was represented by Robert Watman. Garden City Square also includes two retail condominiums, the 121,000-square-foot BJ’s Wholesale Club and the 55,000-square-foot LA Fitness, which are currently under construction. The retail properties were sold in a separate transaction by CBRE in April for $66.3 million.

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DALLAS — Dallas-based Harwood International has inked a lease for 15,068 square feet of office space with Accudyne Industries at 2728 N. Harwood in Uptown Dallas, which brings the office building to full occupancy. The property spans 10 stories and features the Marie Gabrielle Restaurant and Gardens, a fitness center and 1.5-acre rooftop garden. The Windsor Locks, Conn.-based Accudyne Industries is moving its corporate headquarters to the new location. Harwood International was self-represented by Jihane Boury in the lease deal. Michael Swaldi, Larry McCorkle and Jeff Staubach of Jones Lang LaSalle represented the tenant, along with Kevin McGlinchey of Accudyne Industries.

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AUSTIN, TEXAS — Waller, a law firm servicing the healthcare industry based in Nashville, Tenn., has signed a 10,799-square-foot lease for office space on the top floor of 100 Congress in downtown Austin. The 22-story, Class A office tower is located on the corner of Second Street and Congress Avenue. The law firm is led by partners Elizabeth Rogers and Fletcher Brown, as well as Amanda Jester, who joined the practice today. Will Douglas and Jerry Frey of CBRE Austin represented the tenant in the lease transaction. Troy Holme and Katie Ekstrom of CBRE Austin represented the landlord, New York City-based Metropolitan Life Co. Waller is working with STG Design's Austin office to renovate the space.

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DALLAS — The Regency Plaza, a 165,843-square-foot office building in Uptown Dallas, has earned LEED Silver certification from the U.S. Green Building Council. The property is Gaedeke Group LLC's headquarters building and is located at 3710 Rawlins St. The team responsible for the LEED certification included Dan Yates and Blaine Morris of Gaedeke Group and Frisco-based Quest Sustainability Solutions.

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