DALLAS — Houston-based Hartman Income REIT has purchased Parkway Plaza I & II, two office buildings totaling 136,283 square feet in Dallas. The properties are located at the intersection of Spring Valley and Dallas North Tollway. Hartman purchased the office buildings through an affiliate, Hartman Short Term Properties XX Inc., from Merit Texas Properties LLC. The office buildings' tenants include JPMorgan Chase, GHA and RTW Advisors. Tom Strohbehn and Scot Farber of Cushman & Wakefield represented the seller in the transaction. The buyer was self-represented by Dave Wheeler, Julian Kwok and Matt Blasi.
NEW YORK CITY — Alloy Digital LLC has signed a six-year, 28,416-square-foot sublease at 498 Seventh Ave. in New York City. The Class A office building spans 880,000 square feet. Alloy Digital was represented by Alexander Chudnoff, executive managing director, and Dan Turkewitz, senior vice president, of Jones Lang LaSalle in the transaction. Howard Fiddle and Joe Mangiacotti of CBRE Inc. represented the sublandlord, Liquidnet Holdings. George Comfort & Sons Inc. owns the building. Alloy Digital will occupy the entire 19th floor at 498 Seventh Ave. The digital media firm is relocating to the Times Square District office building from its previous offices at 151 W. 26th St.
IRVING, TEXAS — Hines has selected CBRE to be the marketing advisor for Two MacArthur Ridge, a six-story, 250,869-square-foot office building in Irving's Las Colinas submarket. The office building, located at 909 Hidden Ridge Drive, includes a four-story parking garage and is currently 99.5 percent leased. The office building houses the corporate headquarters of La Quinta Inns Inc. and MedSynergies Inc. Additionally, the office building recently added a new tenant-shared conference facility and an upscale fitness center. Gary Carr, John Alvarado and Eric Mackey of CBRE will represent Hines in its marketing campaign.
LAKE OSWEGO, ORE. – The 113,910-square-foot Five Centerpointe office building in Lake Oswego has sold to Urban Renaissance Investment Partners Ifor an undisclosed amount. The center is located in the Kruse Way submarket. The office building is currently 85 percent leased.The buyer was represented by Buzz Ellis andAndrew Rosengartenof Jones Lang LaSalle. The seller, a pension fund, was also represented by Ellis.
SCOTTSDALE, ARIZ. — Regus Corporation has leased 16,324 square feet of office space at Promenade Corporate Center in Scottsdale. The center is located at 16427 N. Scottsdale Road. The Class A office buildings are 87 percent occupied. Regus was represented by CBRE’s Kevin Calihan. The landlord, Excel Promenade Office LLC, was represented by Jeffrey Wentworth and Sean Spellman of Cassidy Turley Arizona’s Office Group.
LEESBURG, VA. — Developer L4 Capital Partners has selected Cassidy Turley to lease the office component of Courthouse Square, a mixed-use development in downtown Leesburg. The project is slated to begin construction in the fourth quarter of 2013 and includes 110,560 square feet of Class A office and retail space. Bert Harrell, Anthony Chang and Chris Darlingof Cassidy Turley will market the property, which is located across the street from the Loudoun County Courthouse at the intersection of Church and Loudoun streets. The $45 million project is scheduled for completion in 2015. The office component will feature four outdoor terraces, green-roof systems, bicycle storage and a shower room. The development will also include 21,300 square feet of retail and restaurant space.
HOFFMAN ESTATES, ILL. — LPC Realty Advisors, on behalf of a pension fund client, has purchased Greenspoint Office Park, a three-building, Class A office portfolio, for $23.5 million. The office property, which spans 489,635 square feet, includes Barrington Pointe building, 148,385 square feet; Greenspoint I, 202,838 square feet; and Greenspoint III, 147,412 square feet. The properties are located at 2300 N. Barrington Road, 2800 W. Higgins Road and 2895 Greenspoint Parkway at the interchange of Interstate 90 and Barrington Road. HFF represented the seller, Multi-Employer Property Trust, in the transaction.
CHICAGO — Chicago law firm Franczek Radelet P.C. has signed a 10-year extension of its 36,113-square-foot lease at 300 S. Wacker Drive in Chicago. The 512,350-square-foot, 35-story 300 S. Wacker building is currently 90 percent occupied. Melissa Rubenstein and John Beason of Jones Lang LaSalle represented the building’s owner, an affiliate of Norfolk, Va.-based Harbor Group International, in the transaction. Corby Marx, and Michael Marrion of Transwestern represented Franczek Radelet.
LAKE OSWEGO, ORE. – The 113,910-square-foot Five Centerpointe office building in Lake Oswego has sold to Urban Renaissance Investment Partners Ifor an undisclosed amount. The center is located in the Kruse Way submarket. The office building is currently 85 percent leased. The buyer was represented by Buzz Ellis and Andrew Rosengarten of Jones Lang LaSalle. The seller, a pension fund, was also represented by Ellis.
SCOTTSDALE, ARIZ. — Regus Corporation has leased 16,324 square feet of office space at Promenade Corporate Center in Scottsdale. The center is located at 16427 N. Scottsdale Road. The Class A office buildings are 87 percent occupied. Regus was represented by CBRE’s Kevin Calihan. The landlord, Excel Promenade Office LLC, was represented by Jeffrey Wentworth and Sean Spellman of Cassidy Turley Arizona’s Office Group.