Office

PILKINGTON SIGNS 11,000 SF LEASE IN CLIFTON, N.J.

by admin September 3, 2013

CLIFTON, N.J. — Glass manufacturer Pilkington North America Inc. has leased 11,000 square feet at 125 Kingsland Ave. in Clifton. The new location is one of nearly 100 Pilkington automotive glass replacement facilities in the United States. Pilkington North America manufactures and markets glass and glazing products for both the automotive and architectural markets. The new Clifton facility will serve customers in a radius of approximately 50 miles, according to Bill Waldron of Pilkington. 1913 Realty Associates owns the building at 125 Kingsland Ave. Andrew Somple of NAI James E. Hanson represented the landlord. Cushman & Wakefield represented Pilkington in the transaction.

September 3, 2013

CUSHMAN & WAKEFIELD | THALHIMER BROKERS OFFICE SALE IN RICHMOND

by admin August 30, 2013

RICHMOND, VA. — Cushman & Wakefield | Thalhimer has arranged the sale of the former Douglas-Baird House, a 6,000-square-foot office property located at 101 E. Cary St. in Richmond. Pete Waldbauer and Mac Wilson of Cushman & Wakefield | Thalhimer represented the buyer, Madison Avenue Investments LLC, in the $685,000 transaction. Stuart Grove Investments LLC was the seller. Madison + Main will occupy the building.

August 30, 2013

Office Texas

USAA REAL ESTATE BUYS ONE RIVERWALK PLACE IN DOWNTOWN SAN ANTONIO

by admin August 30, 2013

SAN ANTONIO — USAA Real Estate Co. has acquired One Riverwalk Place, an 18-story office building in downtown San Antonio. The 261,633-square-foot property, located at the corner of N. Saint Mary’s and Convent streets, was leased to 35 tenants at the time of sale. Developed in 1981, One Riverwalk Place offers frontage on the San Antonio Riverwalk and close proximity to Interstates 35 and 10. Jason Adkison, Scott Boyton and Christi Griggs of Peloton Commercial Real Estate represented USAA in the transaction. The name of the seller was not disclosed.

August 30, 2013

Office Western

KIERLAND ONE IN SCOTTSDALE CHANGES HANDS

by admin August 29, 2013

SCOTTSDALE, ARIZ. — Kierland One, a 175,441-square-foot, Class A office building in Scottsdale, has sold to Hines and joint venture equity partner Pacific Coast Capital Partners for an undisclosed sum. The building is located at 16430 N. Scottsdale Road in the Scottsdale Airpark submarket. The building was vacant at the time of sale. The seller, Cornerstone Real Estate Advisers LLC, acted on behalf of an institutional investor. It was represented by Barry Gabel, Mindy Korth and Chris Marchildon of CBRE’s Phoenix office. The JV represented itself in this transaction.

August 29, 2013

Office Western

CERRITOS CORPORATE CENTER SELLS FOR $42.5M

by admin August 29, 2013

CERRITOS, CALIF. — Cerritos Corporate Center, a 460,356-square-foot industrial business park, has sold to Angelo Gordon for $42.5 million. Gordon worked in partnership with Crowsnest Properties. The center is located at 13810-13950 Cerritos Corporate Drive in Cerritos. The institutional-quality business park is composed of seven free-standing buildings on three parcels. It is currently 95 percent leased. The seller, The Abbey Company, was represented by CBRE’s Kevin Shannon, Darla Longo, Barbara Emmons, Scott Schumacher, Rick McGeaghand John Biven.

August 29, 2013

Office Southeast

REPOSITIONED CLASS A OFFICE BUILDINGS IN ORLANDO SELL FOR $8.6M

by admin August 29, 2013

ORLANDO, FLA. — Stiles Realty, in partnership with Orlando-based Divaris Real Estate, has arranged the $8.6 million sale of Baldwin Park I and II, two Class A office buildings totaling 64,695 square feet in Orlando. The office properties are located at 4750 and 4776 New Broad St., three miles from downtown Orlando. Stiles and Divaris represented the seller in the transaction. Orlando-based MDS Baldwin Park LLC, a private investor, was the buyer.

August 29, 2013

Northeast Office

JV BUYS 15 OFFICE BUILDINGS, THREE PARCELS FOR $233M

by admin August 29, 2013

BALA CYNWYD, PA. — A joint venture between Keystone Property Group and Mack Cali Realty Corp. has acquired 15 office properties and three parcels located in suburban Philadelphia submarkets for $233 million. Keystone plans to reinvest in the portfolio by modernizing the office buildings.The partnership will also seek to develop the three parcels, located in Lester, Media and Berwyn, which include up to 162,200 buildable square feet. The acquisition adds approximately 1.7 million square feet of existing office space to Keystone’s portfolio.

August 29, 2013

Northeast Office

DARTMOUTH-HITCHCOCK BUYS TWO OFFICE BUILDINGS IN NEW HAMPSHIRE

by admin August 29, 2013

CONCORD, N.H. — NAI Norwood Group has arranged the sale of 247-249 Pleasant St., two 5,356-square-foot office buildings in Concord. Judy Niles-Simmons and Karl Norwood of NAI Norwood Group represented the seller, the State of New Hampshire Department of Administrative Services. The buyer, Dartmouth-Hitchcock, a New Hampshire-based healthcare system, purchased the property for $900,000. Situated on one acre, the two buildings are located across from Concord Hospital.

August 29, 2013

Office Texas

EILAN SIGNS CONSTELLATION BRANDS TO 13,077 SF LEASE

by admin August 29, 2013

SAN ANTONIO — Constellation Brands Inc., a global alcoholic beverage company and the No. 1 importer of beer in the U.S., has signed a lease at Eilan, a mixed-use development in San Antonio. Constellation will occupy 13,077 square feet in one of the development’s two four-story office buildings, which feature concrete construction for sound dampening, enclosed loading docks and covered-structure parking. Eilan also includes residential and retail space as well as a hotel, spa and restaurant. Lindsey Tucker and Steve Thomas of CBRE San Antonio, who handle all office leasing at Eilan, represented the development in the negotiations.

August 29, 2013

Office Western

KIERLAND ONE IN SCOTTSDALE CHANGES HANDS

by admin August 29, 2013

August 29, 2013

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