Office

GROSSMAN COS. SIGNS 7,195 SF LEASE IN QUINCY

by admin April 18, 2013

QUINCY, MASS. — Grossman Cos. Inc. has signed a five-year lease for 7,195 square feet at One Adams Place in Quincy. Constructed in 1986 and renovated in 2004, One Adams Place is a five-story, 124,777-square-foot Class A office building. Sean Teague and Kate McGovern of Cassidy Turley represented the landlord, CommonWealth REIT, in the transaction. Michael Olson of Grossman Cos. represented his company. Reit Management & Research LLC Real Estate Services manages One Adams Place. Grossman Cos. is a commercial real estate investment, management and brokerage company.

April 18, 2013

EXXONMOBIL CHEMICAL'S HQ IN HOUSTON ON THE MARKET

by admin April 18, 2013

HOUSTON — Exxon Mobil Corp. has appointed HFF as the advisor in the sale of the ExxonMobil Chemical Co. Headquarters campus in Houston's Energy Corridor. The 352,170-square-foot campus is located on a 35-acre lot at 13501 Katy Freeway and features 1,000 feet of frontage on I-10 and 800 feet of frontage on Memorial Drive. Robert Williamson and Davis Adams of HFF are representing ExxonMobil Chemical Co. Wally Reid and Colby Mueck of HFF will lead the debt placement team. ExxonMobil Chemical Co. is a division of Exxon Mobil Corp.

April 18, 2013

Midwest Office

COLLIERS COMPLETES SALE OF FORMER BORDERS HQ

by admin April 17, 2013

ANN ARBOR, MICH. — Colliers International has completed the sale of the former Borders corporate headquarters in South Ann Arbor. The 330,000-square-foot office complex includes two buildings and had a listing price of $18.3 million, according to AnnArbor.com. The property is located at 100 Phoenix Drive, just south of I-94. Colliers International Ann Arbor represented the seller, Modern Woodman of America, in the transaction. Gold Star Mortgage has signed a lease for 65,000 square feet. Colliers was hired to lease out the remaining vacant space. The buyer was undisclosed.

April 17, 2013

Office Texas

STREAM REALTY TO ARRANGE 170,000 SF LEASE RENEWAL

by admin April 17, 2013

DALLAS — Stream Realty Partners has arranged a lease renewal, including an expansion and extension, at Lakeside Tower, a 200,000-square-foot office in Richardson, a suburb of Dallas. The eight-story office building is 98 percent occupied and is located at 2350 Lakeside Blvd. in Richardson. Texas Capital Bank will occupy 170,000 square feet at Lakeside Tower, an increase of 50,000 square feet. Tommy Nelson and Jeff Schweitzer of Stream Realty Partners represented the landlord, TriGate Capital, in the lease renewal and expansion. Terry Quinn and Eddie Tillman of Cresa Dallas provided tenant representation for Texas Capital Bank.

April 17, 2013

Office Texas

KONA GRILL TO OPEN AT 3 WATERWAY SQUARE IN THE WOODLANDS

by admin April 17, 2013

THE WOODLANDS, TEXAS — The Woodlands Development Co. has inked a 8,494-square-foot lease with Kona Grill at 3 Waterway Square in The Woodlands. The Class A building is an 11-story, 234,000-square-foot office property located at the corner of Lake Robbins and Woodloch Forest drives in the Waterway Square District of The Woodlands Town Center. Construction of Kona Grill will begin after the completion of 3 Waterway Square, which is slated for this summer. Boston-based Elkus Manfredi designed the property. Debbie Adams of EDGE Realty Partners represented Kona Grill in the lease transaction. The Woodlands Development Co. was self-represented by Rip Reynolds of The Howard Hughes Corp. The site will be Kona Grill's second Houston-area location.

April 17, 2013

Office Western

FORMER VANCOUVER CITY HALL BUILDING SELLS FOR $2M

by admin April 16, 2013

VANCOUVER, WASH. – A 39,567-square-foot building that used to house the Vancouver City Hall has sold to Northwest Property Resources, LLC for $2 million. The building is located near the IQ Credit Union building and the Vancouver Community Library in Downtown Vancouver. City Hall had occupied this location for 44 years. Northwest Property plans to renovate the space before converting it into a multi-tenant office building. The seller, Vancouver Public Schools, was represented by Charlie Kleier and Doug Bartocci of NAI Norris, Beggs & Simpson.

April 16, 2013

Office Western

SIERRA NEVADA CORP. LEASES 85,935 SF IN CENTENNIAL

by admin April 16, 2013

CENTENNIAL, COLO. — Sierra Nevada Corp. has leased 85,935 square feet of office space in Centennial. The office is located at 11551 E. Arapahoe Road. Sierra Nevada was represented by Todd Wheeler of Cushman & Wakefield. The landlord, GECMC 201-3 Arapahoe Office, was represented by Dan Miller, Doug Wulf Jeff Halsey and Jim Brady of Cassidy Turley Colorado.

April 16, 2013

Office Western

KULICKE & SOFFA LEASE 66,538 SF AT IRVINE CORPORATE CENTER

by admin April 16, 2013

SANTA ANA, CALIF. — Kulicke & Soffa has leased 66,538 square feet at Irvine Corporate Center in Santa Ana. The center is located at 1821 E. Dyer Road. The semiconductor designer and manufacturer will be relocating from its current regional headquarters in Irvine. Irvine Corporate Center is located within the Irvine Business Complex. Kulicke & Soffa was represented by Ken Ward and Dillon Dummit of Cresa Orange County. The landlord, a joint venture between Hines and Oaktree Capital Management, was represented by Joe Bevan and Wade Clark of Jones Lang LaSalle Orange County.

April 16, 2013

Office Southeast

IT SOLUTIONS COMPANY TAKES SPACE IN DURHAM

by admin April 16, 2013

DURHAM, N.C. — GFI Software has signed a lease for 16,466 square feet of office space at Winchester Place, located at 4309 Emperor Blvd. in Durham. The company, which develops IT solutions for small to mid-sized businesses, plans to move in this July. Dave Mester of Avison Young represented the tenant in the transaction. Clay Stober of Tri Properties represented the landlord.

April 16, 2013

Northeast Office

NORTHMARQ CAPITAL ARRANGES $10M REFINANCING

by admin April 16, 2013

TROY, N.Y. — NorthMarq Capital has arranged a $10 million first mortgage loan for the refinancing of a four-building portfolio in Troy, a northern suburb of Albany. The portfolio includes three office buildings: The Market Block, located at 282 River St.; and the Atrium and Frear buildings, located at Third and Fourth streets. The fourth property is the 985-car Uncle Sam Parking Garage, located at 35 4th St. Financing was based on a seven-year term and a 15-year amortization schedule. The borrowers include Bryce Properties LLC, Hudson River Place LLC and Uncle Sam Garages LLC. A local credit union provided the loan.

April 16, 2013

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