LOS ANGELES – Splendid and Ella Moss have opened their corporate headquarters at Alameda Square in Downtown Los Angeles. The fashion labels signed a 10-year lease to occupy 82,000 square feet inside Building 1, which recently underwent a major renovation. Alameda Square is owned by EVOQ Properties.
SURPRISE, ARIZ. – A 51,768-square-foot office building in Surprise has sold to RRS & Company for $2.1 million. The Class B building is located at 15331 W. Bell Road. The building was vacant and in shell condition at the time of sale. Eric Wichterman, Mike Coover and Thomas Weinhold of Cassidy Turley Arizona represented both the buyer and the seller, LGE & Axis Development, in this transaction.
INDIANAPOLIS — Sourwine Real Estate Services has broken ground on the first speculative office building in the Indianapolis market since 2008, according to Cassidy Turley, leasing agent for the property. The project, which includes 80,700 square feet of Class A space for lease, is scheduled for completion by the end of the second quarter. Dubbed 8335 Keystone Crossing, the three-story structure is the third building in Sourwine’s Keystone Office Centre southeast of 86th Street and Keystone Avenue. The estimated cost of the project is $12 million, according to the Indianapolis Business Journal. CSO Architects designed the building, and Shiel Sexton managed the construction. Sourwine will own, develop and manage the new multi-tenant space.
TROY, MICH. — Magna International Inc. has signed a 117,319-square-foot office lease at 750 Tower Drive in Troy. The building, which will be Magna’s new headquarters, is located in the North Troy Corporate Park. The automotive supplier is moving from an 80,000-square-foot location on Wilshire Drive in Troy. Magna will move several hundred employees to the new location in September. David Friedman, president and CEO, and Robert Gagniuk, associate broker, of Friedman Integrated Real Estate Solutions represented the landlord in the transaction. When Friedman began managing the 240,000-square-foot property in May 2012, it was vacant. After renovations, rebranding and leasing initiatives, the building is 60 percent occupied.
BOLINGBROOK, ILL. — Sony Music Holdings Inc. has renewed its 281,464-square-foot lease at 430 Gibraltar Drive in Bolingbrook, a southwest suburb of Chicago. NAI Hiffman manages the property, which is located off I-55 near Route 53. Mark Moran and Steve Connolly of NAI Hiffman represented the landlord, Sun Life Assurance Co. of Canada, in the transaction. Aileen Gozzola Sandstedt of CTK Chicago Partners represented Sony.
HOUSTON — Moody Rambin Interests has arranged the sale of Park Green I, a 90,904-square-foot office building located at 8300 Bissonnet St. in Houston. Rob Chandler of Moody Rambin represented the seller, Khoshbin 8300 LLC, in the transaction.
IRVING, TEXAS — Enterprise Holdings has leased 27,232 square feet of office space in Airport Corporate Center, located at 4201 N. State Highway 161 in Irving. The new location will house 100 employees serving more than 150 local car sites, as well as Enterprise's north Texas commercial truck and car sales operations. Cribb Altman of Cushman & Wakefield's Dallas office represented Enterprise in the transaction. The landlord is Atlas CP LLC. Enterprise will move into its new space in early September. Enterprise Holdings is the operator of Enterprise Rent-A-Car, Alamo Rent-A-Car and National Car Rental.
LOS ANGELES – Splendid and Ella Moss have opened their corporate headquarters at Alameda Square in Downtown Los Angeles. The fashion labels signed a 10-year lease to occupy 82,000 square feet inside Building 1, which recently underwent a major renovation. Alameda Square is owned by EVOQ Properties.
SURPRISE, ARIZ. – A 51,768-square-foot office building in Surprise has sold to RRS & Company for $2.1 million. The Class B building is located at 15331 W. Bell Road. The building was vacant and in shell condition at the time of sale. Eric Wichterman, Mike Coover and Thomas Weinhold of Cassidy Turley Arizona represented both the buyer and the seller, LGE & Axis Development, in this transaction.
SAN DIEGO — Four Points Business Park, a 124,712-square-foot business park in San Diego, has sold to Brookwood Financial Partners for an undisclosed sum. The three-building business park is located at the intersection of Ruffin Road and Chesapeake Drive in the submarket of Kearny Mesa. It was 84 percent occupied at the time of sale. Brookwood is planning to make significant renovations to the property. This is the firm’s third San Diego-area acquisition in the past 20 months. Brookwood represented itself in this transaction. The seller was represented by Bob Prendergast and Lynn LaChapelle of Jones Lang LaSalle. CB Richard Ellis will act as the center’s leasing agent.