Office

WASHINGTON, D.C. — Rock Creek Property Group has completed its redevelopment of 1100 16th St. N.W., a 28,366-square-foot property at the corner of 16th and L streets in Washington, D.C. In the past eight months, Rock Creek has transformed the former two-building private school into a four-and-a-half-story office building. The property is located three blocks from the White House and features space for up to 130 employees, exposed brick, multiple entrances, ceilings heights of 10 to 20 feet, garage parking and a 1,700-square-foot rooftop deck with views of the Washington Monument. The property will be offered for sale or lease to a single purchaser or tenant.

FacebookTwitterLinkedinEmail

CLIFTON, N.J. — Mack-Cali Realty Corp. has sold an office building located at 777 Passaic Ave. in Clifton for $5.8 million to a joint venture comprised of Gottesman Real Estate Partners and Mountain Development Corp. (MDC). The five-story building spans 77,000 square feet and was 65 percent occupied at the time of sale. Woodland Park, N.J.-based MDC manages approximately 1 million square feet of office space in Passaic County and will serve as property manager and leasing agent for the joint venture. TriState Capital Bank provided the first mortgage financing.

FacebookTwitterLinkedinEmail

SAN ANTONIO — USAA Real Estate Co. and Patrinely Group LLC are developing WestRidge at La Cantera, a four-building office campus in San Antonio. Each of the four Class A office properties will span 128,700 square feet. Construction is slated to begin on the first office building, WestRidge One, in the fourth quarter. The office campus has been designed to achieve LEED Silver certification. Crimson Services LLC, an affiliate of Patrinely Group, will oversee the leasing and property management of WestRidge One. Travis Commercial Real Estate is the local listing broker on the project.

FacebookTwitterLinkedinEmail

ADDISON, TEXAS — Dallas-based Bradford Commercial Real Estate Services has arranged the sale of two single-story brick office buildings totaling 37,771 square feet in Addison. The properties are located at 14330 Midway Road at an intersection with Proton Drive. The buyer, newly formed commercial real estate firm Proton Partners LP, plans to lease and manage the office properties. Proton Partners will also occupy office space in the smaller office building. Greg McLane of Dallas-based Swearingen Realty Group LLC represented the buyer in the transaction. Leigh Richter of Bradford Commercial represented the seller, Maxim Integrated Products Inc.

FacebookTwitterLinkedinEmail

RANCHO CUCAMONGA, CALIF. — MCS Industries has signed a lease for 115,000 square feet in Rancho Cucamonga. The space is located at 11089 Tacoma. MCS also has the option to absorb an additional 100,000 square feet of space. The firm will begin directing inbound ocean freight to the new location this month, and will complete its move by July. It is relocating from a 86,000-square-foot location in Visalia.

FacebookTwitterLinkedinEmail

LONG BEACH, CALIF. — Special Olympics of Southern California (SOSC) has signed a new lease for 12,029 square feet in Long Beach. The office property, located at 1600 Forbes Way, will act as the organization’s headquarters. The unnamed landlord was represented by Doug Wubbena and Randy Matusoff of NAI Capital. They also worked in collaboration with Bill Townsend of Inco Commercial Real Estate to bring SOSC into the space.

FacebookTwitterLinkedinEmail

NEW YORK CITY — ABS Partners Real Estate LLC has arranged three leases at 44 Wall St. on the seventh floor, totaling close to 8,000 square feet. Matthew Hoffman of Focus Real Estate Group represented Style House PR, which signed a 2,916-square-foot lease. Leon Manoff of Colliers International represented Handelsblatt, a daily German newspaper focusing on business, which signed a 2,135-square-foot lease. Theodora Livadiotis of Cassidy Turley represented SmartAsset, which signed 2,932-square-foot lease. Keith Lipstein, Jay Kreisberg and Adam Nelson of ABS Partners represented the landlord in the transactions.

FacebookTwitterLinkedinEmail

SANTA CLARA, CALIF. — Park Square, a 465,000-square-foot office/R&D business park in Santa Clara, has sold to the Irvine Company for an undisclosed sum. It is situated adjacent to Highway 101 near Lawrence Expressway. The center is 60 percent leased. The seller, a joint venture between two global investment managers, was represented by HFF’s Michael Leggett, Steven Golubchik and John Simerlein.

FacebookTwitterLinkedinEmail