NORRISTOWN, PA. — Healthcare Solutions Inc., the parent company of Cypress Care, ScripNet and Procura Management, has signed a 57,055-square-foot lease to relocate the company’s regional headquarters to 2500 Monroe Blvd. in Norristown, a northwest suburb of Philadelphia. Mike Barker of CBRE Group Inc. represented Healthcare Solutions in the transaction. Healthcare Solutions provides an array of medical management services in the workers’ compensation and auto industry.
PLANO, TEXAS — Bradford Commercial Real Estate Services has added the 74,738-square-foot Preston Pointe Centre, a four-story office building located at 1400 Preston Road in Plano, to its office leasing portfolio. The owner, Dallas-based Intercity Investments, has selected Melanie Hughes and Sharon Friedberg of Bradford to spearhead the office's leasing responsibilities. Intercity Investments recently began renovating Preston Pointe with new spec suites, which are slated to be delivered this summer.
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.
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.
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.
DALLAS – New Jersey-based Deerwood Real Estate Capital has closed a $160 million acquisition loan for The Colonnade, a 1.05 million-square-foot office building complex comprised of three towers in the far north Dallas submarket. Tenants include Zurich American Insurance Co., United Surgical Partners, Hilton Worldwide, New York Life Insurance and Willis Insurance. David Rosenberg and Joe Hercenberg of Deerwood arranged the 10-year loan with three years interest-only payments and a 30-year amortization schedule.
HOUSTON – CBRE has arranged two office lease transactions, totaling 18,341 square feet, at Marathon Oil Tower, a 41-story, Class A office building at 5555 San Felipe St. in Houston's Tanglewood/San Felipe submarket. The transactions include Pacific Rubuiales USA Inc. leasing 10,114 square feet and CYVIZ LLC leasing 8,200 square feet. John Pruitt and Jessica Ochoa of CBRE represented the landlord, Tower Associates LP, in the transactions. CBRE also manages Marathon Oil Tower. Victor Valenzuela of Transwestern represented Pacific Rubuiales, and Dan Boyles of NAI represented CYVIZ.
ONTARIO, CALIF. — Lake View Center, a 106,345-square-foot office property in Ontario, has sold to BH Properties for $13.8 million. The office complex is located at 3257 & 3237 E. Guasti Road. It is currently 62 percent leased. Notable tenants include East West Bank, T-Mobile and the University of La Verne. BH Properties plans to invest additional capital into the project. BH Properties represented itself in this transaction, while the sellers, PCCP and the Muller Companies, were represented by CBRE’s Kevin Shannon, Darla Longo and Phil Woodford.
NASHVILLE — Griffin Capital Corp. has purchased the 21-acre HealthSpring MetroCenter campus in Nashville for $36.4 million. The two-building, 170,515-square-foot campus is located at 500 and 530 Great Circle Road. The u-shaped twin buildings are part of the master-planned MetroCenter business park. The property is fully leased by HealthSpring, a subsidiary of insurer CIGNA. The campus houses the company's shared services such as marketing, sales and customer service. CBRE represented the seller, Nashville-based Southeast Venture, in the transaction. Griffin plans to retain Southeast Venture as the property manager.
RALEIGH, N.C. — The downtown Raleigh skyline will be adding a new 11-story office building by 2014, with project developers expecting to break ground this fall. According to local reports, the Charter Square project has been stalled since the credit markets froze five years ago. But Raleigh-based developer Dominion Realty Advisors announced it is joining the development team and will help commit equity to the project. Dominion will help lead construction of the first of two towers planned for the site. The new $50 million Charter Square building, located across the street from the Marriott City Center Hotel, will encompass 225,000 square feet. The company has secured four tenants who will occupy about 35,000 square feet. JDavis Architects will serve as the project architect and CBRE is the property leasing agent. A general contractor will be selected this summer.