ALAMEDA, CALIF. — The Girl Scouts of Northern Californiahas leased 20,688 square feet at the Harbor Bay Business Park in Alameda. The Class A building is located at 1650 Harbor Bay Parkway. The organization will be relocating from 7700 Edgewater Drive in Oakland to its new space in May. The Girl Scouts were represented by Barry Cohn, David Englert and Mel Harrison of Cassidy Turley. The landlord, Worthington California Investments, was represented by John Dolby and Michael Raffetto, also of Cassidy Turley.
REDWOOD CITY, CALIF. — Storm8 has leased a 50,305-square-foot building inside Redwood City’s Bayshore Technology Park. The Class A building is located at 1000 Bridge Parkway. The social games developer was represented by Erich Sollman of Cassidy Turley. The park’s owner, Harvest Properties, was represented by Mike Moran, Ben Paul, Randy Arrillaga, and Randy Keller, also of Cassidy Turley.
ORLANDO — Crocker Partners has completed its purchase of Orlando University Center, a 386,521-square-foot office complex near the University of Central Florida, for $33.2 million. The property, sold via Auction.com, represents the second largest office sale of 2012. The five-building complex is 70 percent occupied with 56 tenants. Colliers International represented the seller, LNR, in the transaction. The buyer was self-represented. Archetype Mortgage Capital provided the auction financing.
DECATUR, GA. — A partnership between Redstone Investments and Weaver & Woodberry has acquired Decatur Court, a 125,000-square-foot office building in downtown Decatur. Capmark Bank, which took ownership of the property through foreclosure in early 2012, was the seller. The building is 70 percent leased and sits on five acres. Tony Swann of CBRE represented the seller in the transaction. Redstone was self-represented.
ATLANTA — Deerwood Real Estate Capital has arranged a $9 million non-recourse loan for a three-building office portfolio in suburban Atlanta. The 100,000-square-foot portfolio consists of three buildings, two of which were fully occupied and were refinanced. The third building, which had 30 percent occupancy, was purchased as a distressed acquisition. The borrower signed a lease at closing that brought the occupancy in the third building to 60 percent. Joe Hercenberg and David Rosenberg of Deerwood arranged the 10-year loan, which contains a 30-year amortization schedule.
THE WOODLANDS, TEXAS — The Woodlands-based D'Agostino Cos. plans to commence construction of the 75,000-square-foot Vision Park Plaza, a speculative office development located at 128 Vision Park Blvd. in The Woodlands. Brown McGregor Architects designed the glass office building and Metzger Construction will build it. Vision Park is scheduled to break ground in the second quarter of 2013 and the building will house tenants in early first quarter 2014. Kristen Rabel and Steve Rocher of CBRE will handle Vision Park's leasing efforts.
HOUSTON — Stream Realty Partners has completed the $7.5 million renovation of 515 Post Oak Boulevard, a 273,000-square-foot Class A office building located in Houston's Galleria submarket. The renovation project included updating the grand entrance, modernizing the elevator lobbies, updating flooring and finishes, remodeling the open atrium on the second and third floors, upgrading restrooms, increasing the building's square footage by 12,585 square feet, installing two new cooling towers, updating the energy management system and renovating garage access with a wider entrance and new lighting. Stream Realty relocated its Houston office to the 11th floor of the office building in April 2012. Stream Realty provides leasing services for 515 Post Oak on behalf of the owner, Wells Real Estate Investment Trust II.
COSTA MESA, SANTA ANA, CALIF. — Stearns Lending has leased a total of 62,517 square feet in Orange County. The national lending institution leased 41,076 square feet within the MetroCenter at South Coast campus. This space is located at 555 Anton in Costa Mesa. It also leased 21,441 square feet at the Xerox Centre. This facility is located at 1851 E. 1st Street in Santa Ana. Stearns was represented by Jack McNutt of Newmark Grubb Knight Frank. RREEF, the MetroCenter landlord, was represented by Brian Harnetiaux of Transwestern. The Xerox Centre landlord, 1851 East First Street Investors LLC, was represented by Justin Hill and Simon Dillon of CBRE.
PHOENIX — Empire West Title Agency has renewed its lease for 1,685 square feet of space at Foothills Gateway Corporate Center. The Class A center is located at 4505 E. Chandler Blvd. Empire West was represented by Justin Himelstein and Jason France with Cassidy Turley Arizona’s Office Tenant Representation group. The landlord, Orsett/Gateway, LLC, was represented by Lee & Associates.
ALPHARETTA, GA. — HQ Global has inked a lease renewal for 19,251 square feet of office space at One Northwinds in Alpharetta. Hunter Henritze and Michael Howell of Lincoln Property Co. Southeast represented the landlord, Equity Office, in the transaction. Ryan Hudson of CBRE represented the tenant.