CHANDLER, ARIZ. – Chandler Corporate Center, a 67,500-square-foot, Class A office building, has received $6.4 million in acquisition financing. The building is fully occupied by three tenants. Financing was arranged by Tim Storey and George Mitsanas of Newmark Realty Capital through a life insurance company.
CHICAGO — Chicago-based ShopperTrak is moving its corporate headquarters to Willis Tower with a new lease of 52,450 square feet. ShopperTrak anonymously counts people, analyzes data and identifies opportunities to increase revenue for retailers, mall developers and entertainment venues. Derek Rolison and Miek Kazmierczak of U.S. Equities Asset Management represented Willis Tower in the transaction. Bill Sheehy and Dan McCarthy of Jones Lang LaSalle represented the tenant. Willis Tower has completed more than one million square feet of leasing activity in 2012, including the addition of United Airlines' corporate headquarters.
WOODRIDGE, ILL. — Allstate Insurance Co. has renewed its lease for 94,233 square feet at 9022 Heritage Parkway, a Class A office building in Woodridge. Dan O'Neill and Jud Henry of NAI Hiffman represented the landlord, Oak Realty Group, in the transaction. Tom Hollinden and Mike Cummings of Colliers International represented AllState.
CAMBRIDGE — Pegasystems has opened their new corporate headquarters at One Rogers Street in Cambridge. The technology company signed a 12-year lease for 162,000 square feet on the fourth, fifth and sixth floors of the property. One Rogers Street is a 252,000-square-foot Class A office building that adjoins One Charles Park. It features modern design and views of the Charles River. Jones Lang LaSalle represented the building owner, Principal Global Investors, in the transaction.
RICHARDSON — Newport Beach, Calif.-based KBS Strategic Opportunity REIT has signed six new and expansion leases totaling 29,066 square feet in its Palisades Central II, a 16-story office tower located in Richardson. Farmer, Fuqua & Huff signed a new lease for 8,087 square feet, and Swalm & Associates signed a 1,978-square-foot lease. Duke Biggers of Swearingen Realty Group represented both firms in the lease transactions. GXS Inc. has signed a new 10,086-square-foot lease, and Brian Whittington of Cresa's Dallas office represented GXS. FCCI Insurance Group has leased 5,292 square feet, and Doug Carignan of Jones Lang LaSalle represented FCCI. Richard M. Witmer has leased a 2,041-square-foot suite and was self-represented in the transaction. American Energy Partners has expanded its lease by 1,665 square feet to occupy 6,073 square feet. American Energy Partners represented itself in the lease transaction. Sarah Catherine Norris and Mark Jordan of JP Realty Partners represented the landlord, KBS, in all six lease transactions.
DALLAS — Newmark Grubb Knight Frank has leased 14,000 square feet of office space at the 173,000-square-foot Chateau Plaza, an office building located at 2515 McKinney Ave. in uptown Dallas. Sarah Erickson and Tommy Nelson of Stream Realty represented the landlord, JPMorgan, in the lease transaction. Newmark Grubb Knight Frank was self-represented by Seth Weinstein.
CHANDLER, ARIZ. – Chandler Corporate Center, a 67,500-square-foot, Class A office building, has received $6.4 million in acquisition financing. The building is fully occupied by three tenants. Financing was arranged by Tim Storey and George Mitsanas of Newmark Realty Capital through a life insurance company.
BEVERLY HILLS, CALIF. – A 120,000-square-foot, Class A office building that resides within the Golden Triangle of Beverly Hills has sold to Clarion Partners for $80 million. The Golden Triangle is a high-end retail, dining and hospitality district. The fully occupied building is located at 100 N. Crescent Drive.
LOS ANGELES – A 151,029-square-foot, Class A entertainment office complex known as Tribeca West has sold to Kilroy Realty Corp. for $73 million. The property is located at 12233 W. Olympic Blvd. in Los Angeles. It is 97 percent leased. Notable tenants include Disney, HBO & NBC studios. Bob Safai of Madison Partners represented both the buyer and the seller, Ocean West Capital Partners, in this transaction.
BEVERLY HILLS, CALIF. – A 120,000-square-foot, Class A office building that resides within the Golden Triangle of Beverly Hills has sold to Clarion Partners for $80 million. The Golden Triangle is a high-end retail, dining and hospitality district. The fully occupied building is located at 100 N. Crescent Drive.