THE WOODLANDS, TEXAS — Stream Realty Partners, a real estate services, development and investment firm, has arranged a 12,481-square-foot office lease for Canada-based Savanna Energy Services at Research Forest Lakeside, Building 4 in The Woodlands. Building 4 is a 12-story, Class A office building located at 2445 Technology Forest Blvd. Anthony Squillante and Jeremy Hunt of Stream Realty represented the tenant in the lease transaction. The landlord, JD Warmack Woodlands Limited Partnership, was self-represented by James Warmack.
SAN DIEGO – A property containing a 24,900-square-foot office building and a 9,000-square-foot medical building in San Diego has sold to 7625-7675 Linda Vista Road, LLC for $9.2 million. The buying entity is controlled by Scott Leary. The San Diego neurosurgeon plans to move his practice into the building and lease out the remaining space. The entity was represented by Brandon Keith and Stephen Dok of Voit’s San Diego office, along with David Schmidt of The Schmidt Group. The seller, AFJR Partnership, LP., was also represented by Keith and Dok.
SAN JOSE, CALIF. – A joint venture between W3 Partners and AllianceBernstein U.S. Real Estate Partners L.P.has purchased a 64,336-square-foot flex-tech building in San Jose. The building is located at 3939 North First Street. W3 will act as the operating partner.
PHILADELPHIA — New York-based Time Equities Inc. has purchased Northbrook Corporate Center in Philadelphia for $11.4 million. The Class A office space, located at 900 and 1210 Northbrook Drive, is 161,170 square feet. 900 Northbrook is a 66,690 square-foot, three-story building and 1210 Northbrook is 94,480 square feet and four stories. Northbrook Corporate Center offers office space ranging from 1,200 square feet to 20,000 square feet available for immediate lease. Asking rents start at $20 per square foot. Brian Smyth and Dennis Durkin of CBRE will oversee leasing for the property.
AMHERST, N.Y. — Locally based Zaepfel Development is constructing a 97,000-square-foot build-to-suit facility for PHH Mortgage Corp in Amherst. The new office building, which is located at 1760 Wehrle Drive, will feature an open floor plan design and have the capacity for up to 800 employees. PHH Mortgage will move from its current location in Depew, N.Y. to the new facility later this year when construction is completed. Louis Battagliese and John Morrissey of Philadelphia-based Jackson Cross Partners LLC, along with David Schiller of Buffalo, N.Y.-based Pyramid Brokerage, represented PHH. Terms of the deal were not disclosed.
IRVING, TEXAS — The NAI Global Investment Services Group (NAI Global ISG), a division of NAI Robert Lynn, has brokered the sale of a 67,146-square-foot, single-tenant office building, located at 1630 Corporate Court in the Las Colinas submarket in Irving. Steve Wolff and Tim Feagans of NAI Global ISG represented the owner, Daymark Realty Advisors, in the transaction. Daymark Realty represented the Tenant In Common (TIC) entity, NNN Corporate Court LLC. Florida-based Siemens Enterprise Communications is the buyer.
HOUSTON — WesternGeco has signed a 554,365-square-foot lease for its North American office headquarters at 10001 Richmond Ave., a three-property office campus located in Houston's Westchase District. Mark Russell, Steve Biegel and David Endelman of Studley represented the tenant in the transaction. The landlord, an affiliate of Lexington Realty Trust, was self-represented by James Dudley, along with Dan Bellow of Jones Lang LaSalle.
SAN DIEGO – A property containing a 24,900-square-foot office building and a 9,000-square-foot medical building in San Diego has sold to 7625-7675 Linda Vista Road, LLC for $9.2 million. The buying entity is controlled by Scott Leary. The San Diego neurosurgeon plans to move his practice into the building and lease out the remaining space. The entity was represented by Brandon Keith and Stephen Dok of Voit’s San Diego office, along with David Schmidt of The Schmidt Group. The seller, AFJR Partnership, LP., was also represented by Keith and Dok.
SAN JOSE, CALIF. – A joint venture between W3 Partners and AllianceBernstein U.S. Real Estate Partners L.P. has purchased a 64,336-square-foot flex-tech building in San Jose. The building is located at 3939 North First Street. W3 will act as the operating partner.
TEMPE, ARIZ. — Tempe Gateway, a 263,936-square-foot, Class A office building, has sold to Parkway Properties for $66.1 million. The property is located at 222 S. Mill Ave. in Tempe. It currently boasts a 74 percent occupancy. Parkway Properties was represented by Jim Fijan of CBRE’s Phoenix office in its unsolicited acquisition offer. The seller was Gateway Tempe LLC, a company formed by Vulcan Inc.