SALT LAKE CITY – The Westgate Office Buildings, a 73,695-square-foot campus in Salt Lake City, has sold to an unnamed buyer. The purchase price was not disclosed. The two-building property is located at 300 West in the city’s Downtown district. The seller, Westside Property Associates LP, was represented by Craig Thomas and Eric Gustafson of CBRE’s Salt Lake City office.
MIRAMAR, FLA. — Riviera Point Holdings has started vertical construction of the $17 million Professional Center at Riviera Point, the Miramar market's first Class A office development since 2009. Located on a four-acre site at University Drive and the Florida Turnpike, the 70,000-square-foot property is also the first Broward office development being funded through the job-creating international EB-5 investment. Itsaca Construction Associates will serve as the general contractor. Corrales Architectural Group designed the project.
FARMINGTON HILLS, MICH. — Bernard Financial Group has arranged a $2.8 million loan for Westfield Office Center, a two-story office building in Farmington Hills. The 40,847-square-foot building, which is located at 3020 Orchard Lake Road, was built in 1990. The borrower is Orchard Executive Offices LLC. Kevin Kovachevich of Southfield-based Bernard Financial arranged the loan.
WINDSOR, CONN. — O,R&L Commercial has sold 360 Bloomfield Avenue, a 64,137-square-foot Class A office building, for $5.6 million. The building, which is located at Exit 37 along I-91 in Windsor, was sold to Burlington, Mass.-based Capstone Properties. The building was 94 percent leased at the time of sale. The owner was Mattapoisett Properties LLC.
DALLAS — NorthMarq Capital has arranged $5 million in first mortgage refinancing for the 198,447-square-foot Woodview Tower, an office building located at 1349 Empire Central in Dallas. Bart Dickinson of NorthMarq's Dallas office arranged the five-year loan to amortize over 30 years through a Dallas-area bank.
ATLANTA — Nightingale Properties has acquired Atlanta's One Hartsfield Centre from a large European pension fund for $10 million. The 147,731-square-foot office property overlooks the north end of Hartsfield-Jackson Atlanta International Airport. Last December, Triumph Motorcycles signed a long-term lease to move its North American headquarters into the property. Mike Shelly and Sonia Winfield of Cassidy Turley represented the seller in the transaction. One Hartfield Centre is the second office building that New York-based Nightingale has acquired in the Atlanta area. The investor also owns retail centers in metro Atlanta.
SOUTHFIELD, MICH. —Bernard Financial Group has arranged a $12.3 million mortgage loan for One Northwestern Plaza, an office property in Southfield. The 240,900-square-foot building, located at 28411 Northwestern Highway, was constructed in 1989. The borrower is ONP Owner LLC. Dennis Bernard and Kevin Kovachevich of Southfield-based Bernard Financial arranged the loan.
CHICAGO — Make-A-Wish Illinois, the nonprofit organization that grants the wishes of children with life-threatening illnesses, is renewing and expanding its lease at 640 N. LaSalle St. The nonprofit will expand its office space by 80 percent to 10,787 square feet. The deal will bring the overall occupancy rate in the seven-story building to more than 90 percent. Make-A-Wish has been tenant in the building since 1988, when it leased approximately 995 square feet. Melissa Rubenstein and Brian Atkinson of Jones Lang LaSalle represented the building’s owner, MAC Management Co. Inc. Connor Kerr and Lisa Konieczka of CBRE represented Make-A-Wish in the deal.
KING OF PRUSSIA, PA. — Philadelphia-based Keystone Property Group has signed Reval.com Inc. to a 66-month lease for 7,076 square feet of office space at Parkview Tower in King of Prussia. The nine-story, Class A office building is 220,513 square feet and located at 1150 First Ave. Reval.com provides software on demand for treasury and risk management companies. Peter Strickler of DTZ, a UGL Co., represented Reval.com in the deal.
QUINCY, MASS.— HyperActive Multimedia Inc., a multimedia service provider, has signed a lease for 3,200 square feet of office space at the landmark Willard Building, located at 1266 Furnace Brook Parkway in Quincy. The four-story office building is 44,997 square feet and was built in 1891. Richard McKinnon of locally based The Grossman Companies represented the tenant and the landlord in the deal.