Office

ZIEGLER COOPER COMPLETES DESIGN FOR $7.5M REDEVELOPMENT PROJECT

by admin June 12, 2013

HOUSTON — Ziegler Cooper Architects has completed a $7.5 million redevelopment project for a 273,000-square-foot, Class A office, located at 515 Post Oak in Houston. Columbia Property Trust owns the property. When Columbia acquired 515 Post Oak in 2004, the building was leased by a single tenant under a lease that expired in 2011. The redevelopment of the property includes an increase in rentable area by 12,000 square feet, a new major building entrance and vehicular drop-off, garage pedestrian entry, atrium skylights and upgraded finishes and strategies preparing the building to achieve the LEED Existing Building certification.

June 12, 2013

LONE STAR GROUP SIGNS LEASE AT WELLS FARGO BANK OFFICE BUILDING

by admin June 12, 2013

HOUSTON — Boxer Property concluded lease negotiations with Lone Star Group for a 12,803-square-foot lease in the Wells Fargo Bank office building, located at 12941 N. Freeway in Houston. Rami Alablli of Keller Williams represented Lone Star Group in the transaction. Brian Hines arranged the lease on behalf of Boxer Property.

June 12, 2013

Office Western

EAST VALLEY PROFESSIONAL PLAZA IN MESA SELLS FOR $6M

by admin June 12, 2013

MESA, ARIZ. – An 18,928-square-foot medical office building in Mesa has sold to Campus Professional Plaza, LLC for $5.9 million. The Class B building is located at 1220 South Higley Road on the campus of Phoenix Children’s Specialty and Urgent Care East Valley Center. It was 92.7 percent leased at the time of sale. Campus was represented by Paul Christ of Newport Beach. The seller, Ensemble, LLC, was represented by Mike Coover and Thomas Weinhold of Cassidy Turley Arizona.

June 12, 2013

Office Western

SPLENDID, ELLA MOSS HEADQUARTERS OPEN AT ALAMEDA SQUARE

by admin June 11, 2013

LOS ANGELES – Splendid and Ella Moss have opened their corporate headquarters at Alameda Square in Downtown Los Angeles. The fashion labels signed a 10-year lease to occupy 82,000 square feet inside Building 1, which recently underwent a major renovation. Alameda Square is owned by EVOQ Properties.

June 11, 2013

Office Western

OFFICE BUILDING IN SURPRISE SELLS FOR $2.1M

by admin June 11, 2013

SURPRISE, ARIZ. – A 51,768-square-foot office building in Surprise has sold to RRS & Company for $2.1 million. The Class B building is located at 15331 W. Bell Road. The building was vacant and in shell condition at the time of sale. Eric Wichterman, Mike Coover and Thomas Weinhold of Cassidy Turley Arizona represented both the buyer and the seller, LGE & Axis Development, in this transaction.

June 11, 2013

Midwest Office

INDIANAPOLIS FIRST SPEC OFFICE BUILDING IN 5 YEARS TO OPEN

by admin June 11, 2013

INDIANAPOLIS — Sourwine Real Estate Services has broken ground on the first speculative office building in the Indianapolis market since 2008, according to Cassidy Turley, leasing agent for the property. The project, which includes 80,700 square feet of Class A space for lease, is scheduled for completion by the end of the second quarter. Dubbed 8335 Keystone Crossing, the three-story structure is the third building in Sourwine’s Keystone Office Centre southeast of 86th Street and Keystone Avenue. The estimated cost of the project is $12 million, according to the Indianapolis Business Journal. CSO Architects designed the building, and Shiel Sexton managed the construction. Sourwine will own, develop and manage the new multi-tenant space.

June 11, 2013

Midwest Office

AUTO SUPPLIER SIGNS 117,319 SF LEASE IN TROY, MICH.

by admin June 11, 2013

TROY, MICH. — Magna International Inc. has signed a 117,319-square-foot office lease at 750 Tower Drive in Troy. The building, which will be Magna’s new headquarters, is located in the North Troy Corporate Park. The automotive supplier is moving from an 80,000-square-foot location on Wilshire Drive in Troy. Magna will move several hundred employees to the new location in September. David Friedman, president and CEO, and Robert Gagniuk, associate broker, of Friedman Integrated Real Estate Solutions represented the landlord in the transaction. When Friedman began managing the 240,000-square-foot property in May 2012, it was vacant. After renovations, rebranding and leasing initiatives, the building is 60 percent occupied.

June 11, 2013

Midwest Office

SONY RENEWS 281,464 SF LEASE IN BOLINGBROOK, ILL.

by admin June 11, 2013

BOLINGBROOK, ILL. — Sony Music Holdings Inc. has renewed its 281,464-square-foot lease at 430 Gibraltar Drive in Bolingbrook, a southwest suburb of Chicago. NAI Hiffman manages the property, which is located off I-55 near Route 53. Mark Moran and Steve Connolly of NAI Hiffman represented the landlord, Sun Life Assurance Co. of Canada, in the transaction. Aileen Gozzola Sandstedt of CTK Chicago Partners represented Sony.

June 11, 2013

Office Texas

MOODY RAMBIN INTERESTS BROKERS OFFICE SALE

by admin June 11, 2013

HOUSTON — Moody Rambin Interests has arranged the sale of Park Green I, a 90,904-square-foot office building located at 8300 Bissonnet St. in Houston. Rob Chandler of Moody Rambin represented the seller, Khoshbin 8300 LLC, in the transaction.

June 11, 2013

Office Texas

ENTERPRISE PICKS UP OFFICE SPACE IN IRVING

by admin June 11, 2013

IRVING, TEXAS — Enterprise Holdings has leased 27,232 square feet of office space in Airport Corporate Center, located at 4201 N. State Highway 161 in Irving. The new location will house 100 employees serving more than 150 local car sites, as well as Enterprise's north Texas commercial truck and car sales operations. Cribb Altman of Cushman & Wakefield's Dallas office represented Enterprise in the transaction. The landlord is Atlas CP LLC. Enterprise will move into its new space in early September. Enterprise Holdings is the operator of Enterprise Rent-A-Car, Alamo Rent-A-Car and National Car Rental.

June 11, 2013

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