Office

D'AGOSTINO TO BREAK GROUND ON VISION PARK PLAZA

by admin February 20, 2013

THE WOODLANDS, TEXAS — The Woodlands-based D'Agostino Cos. plans to commence construction of the 75,000-square-foot Vision Park Plaza, a speculative office development located at 128 Vision Park Blvd. in The Woodlands. Brown McGregor Architects designed the glass office building and Metzger Construction will build it. Vision Park is scheduled to break ground in the second quarter of 2013 and the building will house tenants in early first quarter 2014. Kristen Rabel and Steve Rocher of CBRE will handle Vision Park's leasing efforts.

February 20, 2013

STREAM REALTY COMPLETES $7.5M RENOVATION OF 515 POST OAK BOULEVARD

by admin February 20, 2013

HOUSTON — Stream Realty Partners has completed the $7.5 million renovation of 515 Post Oak Boulevard, a 273,000-square-foot Class A office building located in Houston's Galleria submarket. The renovation project included updating the grand entrance, modernizing the elevator lobbies, updating flooring and finishes, remodeling the open atrium on the second and third floors, upgrading restrooms, increasing the building's square footage by 12,585 square feet, installing two new cooling towers, updating the energy management system and renovating garage access with a wider entrance and new lighting. Stream Realty relocated its Houston office to the 11th floor of the office building in April 2012. Stream Realty provides leasing services for 515 Post Oak on behalf of the owner, Wells Real Estate Investment Trust II.

February 20, 2013

Office Western

STEARNS LENDING LEASES SPACE IN COSTA MESA, SANTA ANA

by admin February 19, 2013

COSTA MESA, SANTA ANA, CALIF. — Stearns Lending has leased a total of 62,517 square feet in Orange County. The national lending institution leased 41,076 square feet within the MetroCenter at South Coast campus. This space is located at 555 Anton in Costa Mesa. It also leased 21,441 square feet at the Xerox Centre. This facility is located at 1851 E. 1st Street in Santa Ana. Stearns was represented by Jack McNutt of Newmark Grubb Knight Frank. RREEF, the MetroCenter landlord, was represented by Brian Harnetiaux of Transwestern. The Xerox Centre landlord, 1851 East First Street Investors LLC, was represented by Justin Hill and Simon Dillon of CBRE.

February 19, 2013

Office Western

EMPIRE WEST RENEWS AT FOOTHILLS GATEWAY CORPORATE CENTER

by admin February 19, 2013

PHOENIX — Empire West Title Agency has renewed its lease for 1,685 square feet of space at Foothills Gateway Corporate Center. The Class A center is located at 4505 E. Chandler Blvd. Empire West was represented by Justin Himelstein and Jason France with Cassidy Turley Arizona’s Office Tenant Representation group. The landlord, Orsett/Gateway, LLC, was represented by Lee & Associates.

February 19, 2013

Office Southeast

HQ GLOBAL RENEWS LEASE IN ALPHARETTA

by admin February 19, 2013

ALPHARETTA, GA. — HQ Global has inked a lease renewal for 19,251 square feet of office space at One Northwinds in Alpharetta. Hunter Henritze and Michael Howell of Lincoln Property Co. Southeast represented the landlord, Equity Office, in the transaction. Ryan Hudson of CBRE represented the tenant.

February 19, 2013

Midwest Office

99 MONROE AVENUE RECEIVES $10M FINANCING IN GRAND RAPIDS, MICH.

by admin February 19, 2013

GRAND RAPIDS, MICH. — Cohen Financial has arranged a $10 million loan for 99 Monroe Avenue, a 200,000-square-foot office building, in Grand Rapids. Minneapolis-based Franklin Partners purchased the building last year for $11.8 million. Greystone Financial financed the loan for the 27-year-old building.

February 19, 2013

Northeast Office

JOINT VENTURE ACQUIRES ATRIA WEST IN GARDEN CITY, N.Y.

by admin February 19, 2013

GARDEN CITY, N.Y. — A joint venture between The Davis Cos. and Onyx Equities LLC has acquired Atria West, a 250,000-square-foot, Class A office building. Located at 900 Stewart Ave. in Garden City, the six-story site includes a metal panel exterior of reflective glass and a 180-foot-long, 50-foot-high atrium. The purchase price was not disclosed. The Rochlin Organization has been named exclusive leasing agent for the property. Spector Group has been hired as the architect for a renovation that will include remodeling of the atrium lobby, building common areas, outdoor plaza and landscaping.

February 19, 2013

Office Western

STEARNS LENDING LEASES SPACE IN COSTA MESA, SANTA ANA

by admin February 19, 2013

February 19, 2013

Office Western

EMPIRE WEST RENEWS AT FOOTHILLS GATEWAY CORPORATE CENTER

by admin February 19, 2013

February 19, 2013

Office Western

CAMELBACK MEDICAL PLAZA IN PHOENIX SELLS FOR $2.8M

by admin February 18, 2013

PHOENIX — Camelback Medical Plaza, a 45,936-square-foot medical office building in Phoenix, has sold to CHP Camelback Medical LLC for $2.8 million. CHP Camelback was formed by Centrum Health Properties. The Class B building was constructed in 1981 at 5040 N. 15th Ave. It was 54 percent leased at the time of sale. The seller was RJ Camelback Medical Plaza Investors LLC. The sale was executed by Eric Wichterman and Mike Coover of Cassidy Turley Arizona and Kathleen Morgan and Julie Johnson of GPE Companies.

February 18, 2013

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