Office

KRAFT'S GLOBAL SNACKS BUSINESS TAKES SPACE IN CORAL GABLES

by admin February 12, 2013

CORAL GABLES, FLA. — Mondelez International, Kraft Foods' high-growth global snacks business, will occupy 15,600 square feet of Class A office space at 396 Alhambra's North Tower in Coral Gables, which will serve as the company's Latin American headquarters. 396 Alhambra, a new mixed-use office and retail complex developed by Agave Holdings LLC, is now 70 percent leased less than one year after delivering to market. Mondelez will relocate from nearby 355 Alhambra. Danet Linares and Andres del Corral of Blana Commercial Real Estate represented the landlord, 396 Alhambra LLC, in the transaction. Chris Porter and William Holly, formerly of Cushman & Wakefield and now with Pointe Group Advisors, represented the tenant.

February 12, 2013

LAW FIRM RENEWS LEASE IN ATLANTA'S BANK OF AMERICA PLAZA

by admin February 12, 2013

ATLANTA — Law firm Hunton & Williams has signed a seven-year, 50,000-square-foot lease renewal at Bank of America Plaza, located at 600 Peachtree St. in Atlanta. The firm has maintained its Atlanta offices in the 55-story tower since 1993. The renewal is the first transaction closed in the building since the property went into foreclosure in February 2012. CW Capital Asset Management is the special servicer on the property. Lisa Dunavin and Will Porter of Cushman & Wakefield represented the landlord, CW Capital, in the transaction. Brad Armstrong and Keene Reese of Jones Lang LaSalle represented the tenant.

February 12, 2013

Midwest Office

DUKE REALTY LEASES 72,500 SF AT LAUMEIER OFFICE PARK IN ST. LOUIS

by admin February 12, 2013

ST. LOUIS — Duke Realty Corp. has closed on two leases totaling 72,503 square feet in Class A office properties in Laumeier Office Park in St. Louis. The transactions include a 30,927-square-foot expansion by Panera Bread in Laumeier I, which brings the 116,277-square-foot building to fully occupancy. The second lease with New Balance Athletic Shoe Inc. is for 41,576 square feet in Laumeier II. Duke Realty owns and manages approximately 290,000 square feet in three Class A office buildings in Laumeier Office Park located at 3660 S. Geyer Road.

February 12, 2013

Office Texas

COUSINS PURCHASES $232.6M INTEREST IN POST OAK CENTRAL

by admin February 12, 2013

HOUSTON — Atlanta-based Cousins Properties Inc. has purchased a 100 percent interest in Post Oak Central, a Class A office complex located in Houston's Galleria submarket, for $232.6 million. The complex is 92 percent leased to tenants such as Apache Corp., Stewart Information Services and GDF Suez. The LEED Gold-certified complex includes a conference center, ground-floor retail, a daycare and restaurants. The purchase also includes a two-acre development parcel with frontage along Post Oak Central Boulevard. Cousins Properties purchased the interest from institutional investors advised by J.P. Morgan Asset Management in an off-market transaction.

February 12, 2013

Office Texas

BRADFORD ARRANGES SALE OF FORECLOSED OFFICE BUILDING

by admin February 12, 2013

ARLINGTON, TEXAS — Bradford Commercial Real Estate Services has brokered the sale of the foreclosed 30,478-square-foot Fielder Place, an office building located at 1633 W. Division St. in Arlington. Karen Simon and Brian Scott of Bradford represented the seller, U.S. Bank, in the disposition of the foreclosed property, which is 40 percent leased. Jose Thankachan of Beam Real Estate LLC represented the buyer, AVK Associates LLC. Bradford's Simon and Scott had five tenants in place to lease space in the office building.

February 12, 2013

Office Western

SCOTTSDALE OFFICE/FLEX SPACE SELLS FOR $4.3M

by admin February 12, 2013

SCOTTSDALE, ARIZ. – A 66,240-square-foot office/flex building in Scottsdale has sold to Helio Real Estate for $4.3 million. It is located at 8388 E. Hartford Drive. Helio was represented in-house by Adrian Evarkiou. The seller, H-B Perimeter, LLC, was represented by Jeff Adams, Mike Myrick and Alexandra Loye of NAI Horizon.

February 12, 2013

Office Western

WAKELY CONSULTING RENEWS, EXPANDS AT PYRAMID POINTE

by admin February 12, 2013

DENVER — Wakely Consulting Group has signed a 61-month lease renewal at Pyramid Pointe in Meridian. The lease also includes an 8,400-square-foot expansion at the Class A office building, which is located at 9777 Pyramid Court in the Denver submarket. The building is now 93 percent leased. The landlord, Westcore Properties, was represented in-house by John Fefley.

February 12, 2013

Office Western

MULTI-USE BUILDING IN YORBA LINDA SELLS FOR $3.8M

by admin February 11, 2013

YORBA LINDA, CALIF. – A 34,972-square-foot, multi-use building in Yorba Linda has sold to BSKO, LLC for $3.8 million. The property is located at 22895 Eastpark Drive within the master-planned community of Savi Ranch. The space will serve as BSKO’s new headquarters. The company was represented by Seth Davenport of Voit Real Estate Services. The seller, Eastpark Drive LLC, was represented by Zach Niles, Garrett McClellandand Steve Wagnerof Jones Lang LaSalle Orange County.

February 11, 2013

Office Southeast

MAGELLAN BEHAVIORAL HEALTH EXPANDS LEASE BY 17,688 SF

by admin February 11, 2013

ORLANDO — Magellan Behavioral Health Inc. has expanded its office and warehouse lease by 17,688 square feet at 6870 Shadowridge Drive in Orlando. The company, which already occupied Suites 10 and 11 in Building A, will additionally occupy Suites 7 through 9 for a total of 27,867 square feet. Jamie Barati of Colliers International and Jamie Smith of Cassidy Turley represented the tenant in the transaction. Robert Blackwell of NAI Realvest represented the landlord, Semoran Commerce Center LLC.

February 11, 2013

Northeast Office

BINSWANGER NAMED AS EXCLUSIVE AGENT FOR 73,000 SF OFFICE BUILDING

by admin February 11, 2013

CAMDEN, N.J. —Philadelphia-based Binswanger has been named as the exclusive listing agent by Beneficial Mutual Savings Bank for the sale of The Wilson Building, a 12-story office building. The 73,000-square-foot property was constructed in 1926 and was once the home of Camden’s leading law firms. The Wilson Building is located at 130 N. Broadway in Camden.

February 11, 2013

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