NEW YORK CITY — ABS Partners Real Estate LLC has arranged three leases at 44 Wall St. on the seventh floor, totaling close to 8,000 square feet. Matthew Hoffman of Focus Real Estate Group represented Style House PR, which signed a 2,916-square-foot lease. Leon Manoff of Colliers International represented Handelsblatt, a daily German newspaper focusing on business, which signed a 2,135-square-foot lease. Theodora Livadiotis of Cassidy Turley represented SmartAsset, which signed 2,932-square-foot lease. Keith Lipstein, Jay Kreisberg and Adam Nelson of ABS Partners represented the landlord in the transactions.
MOUNTAIN VIEW, CALIF. – A 63,271-square-foot office property in Mountain View has received a $15-million senior mortgage loan. Broadreach Capital Partners used the funds to refinance the property’s previous loan. The loan was provided by Ares Commercial Real Estate Corporation.
SANTA CLARA, CALIF. — Park Square, a 465,000-square-foot office/R&D business park in Santa Clara, has sold to the Irvine Company for an undisclosed sum. It is situated adjacent to Highway 101 near Lawrence Expressway. The center is 60 percent leased. The seller, a joint venture between two global investment managers, was represented by HFF’s Michael Leggett, Steven Golubchik and John Simerlein.
STAFFORD, VA. — JMC Holdings LLC has acquired 800 Corporate Drive in Stafford from the Silver Cos. for $40 million. The 135,732-square-foot Class A office property is located at Quantico Corporate Center, about 600 yards from Marine Corps Base Quantico. The deal marks the New York City-based investment company's first venture outside of the New York market. The property is fully occupied by seven tenants that will remain in place under their current lease agreements, and JMC has retained Cushman & Wakefield to handle the property management. Tenants include defense contractor QinetiQ North America, which occupies the first and second floors. Kameron Zitelli of Berko & Associates represented the buyer in the transaction. The seller was self-represented by David Newman, along with Joe Pfahler of Coldwell Banker Elite.
CHARLOTTE, N.C. — Griffin Capital Essential Asset REIT has acquired the UTC Aerospace Systems headquarters building in Charlotte for $39.1 million. The single-story, 198,898-square-foot office building is fully leased to United Technologies Corp. The building recently underwent a $5.9 million renovation. The property is situated in the 65-acre Coliseum Centre office development, located minutes from Charlotte-Douglas International Airport. UTC Aerospace Systems is an aerospace and defense products supplier, including components used in commercial aircraft, helicopters and international space programs.
PARSIPPANY, N.J. — The 300 Kimball Drive building in Parsippany has been awarded LEED Silver certification under the U.S. Green Building Council’s program for existing buildings. Awarded the assignment to reposition and re-tenant the former State Farm Insurance headquarters a year ago, Transwestern has orchestrated extensive renovations and upgrading of the 12-year-old, Class A office building. Transwestern’s Sustainability Services division worked with its on-site property management team to bring the 400,000-square-foot building’s operations and maintenance to LEED standards.
IRVING, TEXAS — The Boulder Group, a net-leased investment brokerage firm specializing in single-tenant assets, has arranged the sale of a net-leased Home Depot office building in Irving for $2.2 million. The 18,538-square-foot property is located at 2951 Kinwest Parkway in the Las Colinas submarket. Home Depot's lease features multiple 10 percent rent escalations in the lease's primary term. There is approximately six years remaining on the lease. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a private Chicago-based partnership, in the transaction. The buyer was a high-net-worth individual based in Texas.
THE WOODLANDS, TEXAS — PetroQuest Energy Inc. has signed a 13,091-square-foot lease for a regional office on the second floor of One Hughes Landing, an office building being developed along the 200-acre Lake Woodlands in The Woodlands. The 197,000-square-foot, Class A office building is now 35 percent pre-leased. One Hughes Landing is the first office building in Hughes Landing, a 66-acre, mixed-use development that will feature up to eight office buildings, upscale restaurants and retailers, entertainment venues, a specialty grocer, hotel and multifamily residences housing up to 1,000 people. Houston-based Gensler designed the office building for LEED Silver certification. The office building is slated for completion in September and PetroQuest will occupy its space in November. Robert Parsley and Norman Munoz of Colliers International represented the landlord, The Woodlands Development Co., a subsidiary of The Howard Hughes Corp., in the transaction. Jim Pratt, also of Colliers, represented the tenant.
SANTA CLARA, CALIF. — Park Square, a 465,000-square-foot office/R&D business park in Santa Clara, has sold to the Irvine Company for an undisclosed sum. It is situated adjacent to Highway 101 near Lawrence Expressway. The center is 60 percent leased. The seller, a joint venture between two global investment managers, was represented by HFF’s Michael Leggett, Steven Golubchik and John Simerlein.
ATLANTA — Crocker Partners has acquired Atlantic Center Plaza, a 23-story office tower in Atlanta's Midtown submarket. A joint venture between Crocker and the Distressed Real Estate Opportunities Fund, managed by Siguler Guff & Co. LP, recapitalized the 500,000-square-foot building. Crocker now owns 1.7 million square feet in the Atlanta market. Last year, the firm acquired the 18-story Prominence building in Buckhead and an adjacent 6.4-acre parcel for a proposed 700-unit apartment project. Crocker had previously owned Atlantic Center Plaza, but had sold it in 2005. It is one of several assets the firm previously owned and recently re-acquired. No brokers were involved in the deal.