Office

SILVERMAN GROUP ACQUIRES THREE-BUILDING OFFICE COMPLEX

by admin July 12, 2013

BASKING RIDGE, N.J. — The Silverman Group has acquired The Offices at Liberty Corner, a three-building, 525,000-square-foot campus in Basking Ridge, 25 miles west of Newark. The purchase price was undisclosed. The 133,000-square-foot, 106 Allen Road features a new coffee/food kiosk, renovated common areas and other building improvements. The 190,000-square-foot 150 Allen Road includes a fitness center and conference space. At the 202,000-square-foot 110 Allen Road a second fitness center is planned, as well as café upgrades. The campus will also feature new park signage throughout. Bill Brown and Ben Brenner of Cushman & Wakefield will lead leasing assignments for the entire campus.

July 12, 2013

BAYONNE MEDICAL SIGNS 36,624 SF LEASE IN JERSEY CITY

by admin July 12, 2013

JERSEY CITY, N.J. — Bayonne Medical Center has signed a 36,624-square-foot lease at 10 Exchange Place in Jersey City. The 748,000-square-foot Class A office building includes access to Exchange Place Path Station and is located near the Hudson-Bergen Light Rail. Bayonne Medical will occupy the entire 15th floor, which will serve as its administrative offices. Jamie and Matthew Weiss of Weiss Realty represented the tenant in the transaction. Cushman & Wakefield represented the sublandlord, Rabo Support Services.

July 12, 2013

Office Texas

CBRE CLOSES SALE OF FOUR-STORY SINGLE-TENANT OFFICE BUILDING

by admin July 12, 2013

AUSTIN, TEXAS — CBRE’s Austin office has brokered the sale of 717 Parmer, a Class A office property in Austin, to Gladstone Commercial Co. The Virginia-based REIT purchased the 320,000-square-foot office property for an undisclosed price. The four-story complex sits on 23 acres of land, and offers parking, three volleyball courts and raised flooring. General Motors fully leases 717 Parmer.

July 12, 2013

Office Western

UBER TECHNOLOGIES LEASES 88,134 SF IN SAN FRANCISCO

by admin July 12, 2013

SAN FRANCISCO — Uber Technologies has signed a 10-year lease for 88,134 square feet at 1455 Market Street in San Francisco’s Mid-Market district. The affordable luxury transportation provider will backfill space currently occupied by the property’s largest tenant. That lease was scheduled to expire in 2017. Uber’s new lease will commence in the first quarter of 2014. It will occupy the entire fourth floor of the 1,012,012-square-foot, Class A office building. The landlord is Hudson Pacific Properties.

July 12, 2013

Office Western

BALL ROAD BUSINESS PARK IN ANAHEIM SELLS FOR $9.7M

by admin July 11, 2013

ANAHEIM, CALIF. — Ball Road Business Park in Anaheim has sold to Providence Capital Speed Fund for $9.7 million. The 114,984-square-foot park is located at 701-741 East Ball Road. Providence was represented by CBRE’s Stan Tomer. The seller, The Realty Associates Fund VI, L.P., was represented by Dan VittoneandAlan Pekarcikof Avison Young’s Irvine office.

July 11, 2013

Office Southeast

NGWK BROKERS TWO OFFICE SALES

by admin July 11, 2013

COLUMBIA AND CHARLESTON, S.C. — Newmark Grubb Wilson Kibler (NGWK) has brokered the sale of two South Carolina office buildings leased to URS Corp. The first property totals 42,000 square feet and is located at 101 Research Drive in Columbia. The second property totals 16,000 square feet and is located at 4019 Salt Point Parkway in Charleston. NGWK’s Billy Way, Jeremy Wilson and H. Haskell Kibler represented the seller of both properties. Both parties’ names were undisclosed.

July 11, 2013

Office Texas

CBRE ARRANGES SALE OF THANKSGIVING TOWER

by admin July 11, 2013

DALLAS — CBRE has brokered the sale of Thanksgiving Tower, a 50-story office building comprising 1.4 million square feet in Dallas, to a partnership led by Woods Capital Management LLC. John Alvarado, Gary Carr and Eric Mackey of CBRE arranged the transaction on behalf of the seller, Berkadia. The tower is located at Elm and North Ervay streets in Dallas’ revitalized central business district. The building held a 55 percent occupancy rate at the time of sale. The property is anchored by Gardere Wynne Sewell LLP and serves as the headquarters of Petro-Hunt. It is also home to the Tower Club Dallas and XTO Energy, Inc.

July 11, 2013

Office Western

BALL ROAD BUSINESS PARK IN ANAHEIM SELLS FOR $9.7M

by admin July 11, 2013

July 11, 2013

Office Western

CENTURY PLAZA II CHANGES HANDS IN SILICON VALLEY

by admin July 10, 2013

SAN JOSE, CALIF. — Century Plaza II, a 99,126-square-foot, Class A office building in San Jose, has sold to Grosvenor Americas for an undisclosed sum. The six-story building is located at 560 S. Winchester. It is fully occupied by the Rockefeller Group Business Centers, Cushman & Wakefield and Merrill Lynch Wealth Management.

July 10, 2013

Office Texas

SHORENSTEIN INVESTS IN DEVELOPMENT OF TWO AUSTIN OFFICE BUILDINGS

by admin July 10, 2013

AUSTIN, TEXAS — Shorenstein Properties LLC has entered into a new venture to capitalize the development of two office buildings located within The Domain, a 304-acre mixed-use community in northwest Austin. The venture was completed with Deutsche Asset and Wealth Management and its developer, Endeavor Real Estate Group. The two buildings, Domain 2 and Domain 7, are five and six stories and total 139,675 and 221,886 square feet, respectively. Domain 2, which will break ground later this month, has preleased 100 percent of the office space to HomeAway Inc. Domain 7 will break ground later this summer.

July 10, 2013

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