MINNEAPOLIS — City Center Realty Partners, in a partnership with Angelo, Gordon & Co., has purchased 320,000 square feet of office space in downtown Minneapolis. The space occupies floors 18-36 of the Plaza Seven, a mixed-use tower located in the Nicollet Mall corridor at 45 S. Seventh St. The acquisition includes the building’s heated underground garage with 315 parking spaces. City Center Real Estate Services, an affiliate of City Center Realty Partners, will manage the new property. Jones Lang LaSalle will serve as the leasing agent for the office space. In addition to the office building, the Plaza Seven tower includes retail and a hotel.
BOTHELL, WASH. — Canyon Park Highlands II and III, a pair of life science research/office buildings in Bothell, have sold to Senior Housing Properties Trust for $38 million. The 144,900-square-foot properties are located on 30th Drive about 20 miles northeast of Seattle. The buildings serve as the headquarters of Seattle Genetics, one of the city’s largest biotechnology companies. The seller, Washington Capital Management Inc., was represented by Lori Hill, Stuart Williams and Ann Chamberlin of Jones Lang LaSalle’s Capital Markets team and Daniel Seger and Mark Flippo, leasing and market specialists with the firm.
LOS ANGELES — Premier Business Centers has leased the 12th floor at The Wilshire Landmark I building in the Los Angeles submarket of Brentwood. The building is located at 11755 Wilshire Blvd. The office space and executive suites operator will occupy 28 executive suites and office spaces, two meeting rooms, a kitchen, business lounge and reception area.
SANTA CLARA, CALIF. – Nvidia has announced plans to expand its Santa Clara campus by adding a new 500,000-square-foot office building. The project will be developed in two phases, with the first phase commencing in June. It will be built on the south side of a24-acre parcelthat was purchased by the visual computing technologies company in 2008. It will contain two levels of office and lab spacethat will accommodate up to 2,500 people. Nvidia’s Santa Clara operations already contains a 12-building, 1.1-million-square-foot campus. The project will be built by Webcor, designed by Gensler and managed by SRGNC CRES, LLC, a division of Sares Regis Group of Northern California.
SAN JOSE, CALIF. – The San Jose Evergreen Community College District has purchased a 36,363-square-foot office building in Downtown San Jose for $4.3 million. The building is located at 40 South Market Street. The district will soon relocate its administrative services to the new facility from its southeast San Jose office on San Felipe Road. The building was 60 percent vacant at the time of sale. The district will occupy more than 22,000 square feet of this vacant space. It plans to absorb additional space once the remaining leases expire. The seller, Sleepy Hollow Investment Management, was represented by Michael Speers of Cassidy Turley, and Duffy D’Angelo and Dave Schmidt of Colliers International.
JACKSONVILLE AND ORLANDO, FLA. — Crocker Partners has acquired two recently foreclosed Florida office parks, adding more than 1.3 million square feet to the private equity company's portfolio. The company acquired Freedom Commerce Center, a 752,000-square-foot, seven-building complex in Jacksonville, for $28 million. Crocker also picked up Orlando University Center, a 386,000-square-foot, five-building center, for $33.5 million. Crocker Partners previously owned the assets and sold them in 2005 to a private equity firm. The buyer plans to reposition the assets.
GREEN HILLS, TENN. — Brasfield & Gorrie has been select as the general contractor for the Burton Hills office project in Green Hills. The three-story, 110,000-square-foot building will sit atop a three-story parking deck. The project will include a separate, 60,000-square-foot parking deck. The facility will serve as the headquarters for Nashville-based AmSurg Corp. Construction of the 120-car parking structure will begin this month, with construction of the office building following in summer 2013. Hastings Architecture Associates is the project architect.
HOUSTON — Cameron, a flow control equipment provider to the oil and gas industry, has signed a long-term lease for 106,801 square feet at 8 West Centre in Houston. The office building was developed by CORE Real Estate and spans 227,000 square feet. The building is located at 3505 W. Sam Houston Parkway. Cody Armbrister, Kristen Rabel and Rima Shpolyansky of CBRE represented CORE Real Estate in the lease transaction. Brandi McDonald of Newmark Grubb Knight Frank represented Cameron, which will move into the new space in July.
THE WOODLANDS, TEXAS — Post Oak Bank, N.A. has signed a 4,355-square-foot lease with The Woodlands Development Co. for space on the first floor of One Hughes Landing in The Woodlands. One Hughes Landing is a 197,000-square-foot Class A office building and is the first office building to be constructed at Hughes Landing, a 66-acre mixed-use development. The office building, currently under construction, is 30 percent pre-leased. Gensler designed the building to achieve LEED Silver certification. Post Oak Bank is a locally owned community bank with more than $650 million in assets. Robert Parsley and Norman Munoz of Colliers International represented The Woodlands Development Co. in the lease transaction. Rand Mason of McAlpine Interests represented Post Oak Bank.
SANTA CLARA, CALIF. – Nvidia has announced plans to expand its Santa Clara campus by adding a new 500,000-square-foot office building. The project will be developed in two phases, with the first phase commencing in June. It will be built on the south side of a24-acre parcelthat was purchased by the visual computing technologies company in 2008. It will contain two levels of office and lab spacethat will accommodate up to 2,500 people. Nvidia’s Santa Clara operations already contains a 12-building, 1.1-million-square-foot campus. The project will be built by Webcor, designed by Gensler and managed by SRGNC CRES, LLC, a division of Sares Regis Group of Northern California.