TEMPE, ARIZ. — A two-building, Class A office complex in Tempe has received $34 million in first-mortgage refinancing. The buildings are located at 100 & 150 West University Drive. They contain a total of 299,000 square feet and are currently 99 percent occupied. JP Morgan Chase occupies about 90 percent of the space. The funds were provided to Brookfield Asset Management by Jason Bressler of Mesa West. Financing was arranged by HFF’s John Ahmed.
CHICAGO — Association Management Center Inc., has signed a 47,129-square-foot lease at the O’Hare Plaza office complex in Chicago. The family-owned company, which provides full-service management, consulting and outsourced services to nonprofit organizations, will occupy all of the third floor and most of the second floor at the O’Hare Plaza I building, located at 8735 W. Higgins Road. The four-building, 707,000-square-foot O’Hare Plaza complex features covered parking, conference facilities and a fitness center. Rick Benoy and Dan Fernitz of Jones Lang LaSalle represented the building’s owner, a private investment group advised by Fulcrum Asset Advisors LLC. Kevin Clifton and Gregg Witt of CBRE represented Association Management in the transaction.
BOSTON — Apparel maker Life is good has signed a 21,682-square-foot office lease at 51 Melcher St. in Boston’s Innovation District. The nine-story building is owned and operated by Synergy Investments and is being renovated with a new lobby, roof, windows, elevators, power feeds, HVAC and technology systems. Dan Collins and Steve James of NAI Hunneman represented Life is good in the transaction. Bill Crean and Kevin Kennedy of CBRE represented Synergy Investments.
DALLAS — Lockton Cos. has signed a 99,000-square-foot lease with Cousins Properties Inc. at 2100 Ross in Dallas' art district. Kansas City, Mo.-based Lockton, a global insurance and risk management firm, will move to space in the 11th through 14th floors of the property. 2100 Ross is a 33-story, 844,000-square-foot office building near the new Klyde Warren Park that links uptown Dallas to the arts district. The Class A office building is 78 percent leased, up from 67 percent leased when Cousins purchased the property last year. Tenants of 2100 Ross include CBRE, Prudential Mortgage Capital and Bank of America Merrill Lynch.
TEMPE, ARIZ. — A two-building, Class A office complex in Tempe has received $34 million in first-mortgage refinancing. The buildings are located at 100 & 150 West University Drive. They contain a total of 299,000 square feet and are currently 99 percent occupied. JP Morgan Chase occupies about 90 percent of the space. The funds were provided to Brookfield Asset Management by Jason Bressler of Mesa West. Financing was arranged by HFF’s John Ahmed.
SAN FRANCISCO – A 21-story tower office tower located at 100 Spear Street in San Francisco has sold to Prudential Real Estate Investors for $100 million. The 203,071-square-foot building resides near Market Street in the city’s South Financial District. It was 91.5 percent leased at the time of closing. The tower has undergone a $4.5-million renovation and modernization over the past four years. The seller, Clarion Partners, was represented by HFF’sGerry Rohm, Michael Leggett and Dave Karol.
JACKSONVILLE, FLA. — Parkway Properties has completed its purchase of eight office properties totaling 1 million square feet in the Deerwood submarket of Jacksonville for $130 million. The properties were developed in phases from 1996 through 2005 and are a combined 93.7 percent occupied. With this acquisition, Parkway now owns approximately 1.4 million square feet and also manages or leases another 2 million square feet, which total 3.4 million square feet in Jacksonville.
COLUMBUS, OHIO — Nationwide Realty Investors has opened a $37 million office building in Columbus. The five-story, 200,000-square-foot property is located on the corner of Nationwide Boulevard and North Front Street in the Arena District, an entertainment-focus district in downtown Columbus. The building is adjacent to the 1.7 million-square-foot Columbus Convention Center and the 532-room Hilton hotel. Associates from Nationwide Financial’s retirement plans business occupy the new building.
NEW YORK CITY — The Feil Organzation has invested more than $5 million in renovations to a major lobby and entryway renovation at 7 Penn Plaza and lobby renovation at 488 Madison Ave. in New York City. Built in 1921, 7 Penn Plaza is an 18-story office building, which now features a grand entryway with a 16-foot entrance, modern reception desk, granite finishes, modernized elevators and updated corridors and restrooms. Built in 1949, 488 Madison Avenue is a 23-story office building. The renovation of the 447,000-square-foot building includes a new lobby with gray limestone, elevators framed with satin-finished stainless steel, and eco-friendly LED lighting. The Feil Organization owns and manages the two properties. Goldstein, Hill & West Architects LLP was the architect for this project.
BRIDGEWATER, N.J. —Ashland Inc. has signed a lease for 198,000 square feet of laboratory and office space at a facility in Bridgewater, about 37 miles west of New York City. Ashland will relocate its specialty ingredients unit from Wayne to the new building, located at 10141 Route 202-206 in the New Jersey Center of Excellence complex. Headquartered in Covington, Ky., Ashland provides specialty chemicals, technologies and insights to help its customers create new and improved products and sustainable solutions. John Cunningham, Bryn Cinque and James Bailey of Colliers International represented Ashland in the transaction. Dan Loughlin and Bob Ryan of Jones Lang LaSalle and Jeff Zell and Marc Sobel of JM Zell Partners represented the landlord, Sanofi.