WASHINGTON, D.C. — An office building at 1718 Connecticut Ave. in Washington, D.C., has sold for $14.4 million. Richard McBride and Roy Ayers of McBride Real Estate Services Inc. represented both the seller, PRI Inc., and the buyer, an entity operated by telecommunications executive Dave Schaeffer. The 47,569-square-foot office building was built in 1982 and is fully leased. Tenants include the law firm of Katz, Marshall & Banks, Policy Study Associates, Electronic Privacy, and Martell & Associates.
ATLANTA — Mark Sixour and Bill Ireland of HFF have arranged a $20.6 million in refinancing for Parkwood Plaza, a 210,919-square-foot Class A office building in Atlanta. The 10-year, fixed-rate securitized loan was secured through The Goldman Sachs Group Inc. Parkwood Plaza is located at 1300 Parkway Circle in Atlanta’s Cumberland/Galleria submarket.
SILVER SPRING, MD. — Social & Scientific Systems Inc. has renewed its 88,230-square-foot, long-term lease at Silver Spring Plaza at 8757 Georgia Ave. in Silver Spring. Jim Cahill, Joe Judge and Bob Shue of Jones Lang LaSalle represented the tenant, and Marc Witowski of WPC represented the landlord, Washington Property Co.
WESTWOOD, MASS. — Campanelli has sold 30 Perwal St., a 101,000-square-foot office property in Westwood. The buyer was 30 Perwal Associates LLC. The building is fully leased to Steward Health Care. Campanelli's in-house construction management team has completed significant upgrades to the property. Robert Griffin, Edward Maher, Matthew Pullen and Michael Greeley of Cushman & Wakefield represented both parties in the transaction.
MELVILLE, N.Y. — NorthMarq Capital has arranged a $25 million loan for the refinancing of Melville Office Center, a 270,000-square-foot office building at 445 Broad Hollow Road in Melville. Ernest DesRochers and Charles Cotsalas of NorthMarq arranged the 10-year loan through a life company. The loan features a 30-year amortization schedule.
HOUSTON — Jones Lang LaSalle has arranged the sale of 4295-4299 San Felipe, two office buildings totaling 92,499 square feet in Houston's Galleria submarket. Rudy Hubbard and Kevin McConn of Jones Lang LaSalle represented the seller, Morrison Karsten Group, in the transaction. The buyer was Equitas Commercial Real Estate Holdings.
LOS ANGELES – A 46,213-square-foot office building in the Los Angeles submarket of Brentwood has sold to WLA Wilshire, LLC for $15.5 million. It is located at 11859 Wilshire Blvd. WLA was represented by Andrew Jennison of Industry Partners. The seller, 11859 Wilshire, LLC, was represented by Roger Beck and Gelena Skya-Wasserman of Charles Dunn Company. The seller had previously occupied the building as PCS, a communications company that has since moved to Texas.
SCOTTSDALE, ARIZ. – A 66,240-square-foot office/flex building in Scottsdale has sold to Helio Real Estate for $4.3 million. It is located at 8388 E. Hartford Drive. Helio was represented in-house by Adrian Evarkiou. The seller, H-B Perimeter, LLC, was represented by Jeff Adams, Mike Myrick and Alexandra Loye of NAI Horizon.
LEHI, UTAH — Perry & Associates will develop Traverse Ridge Center I, a 70,000-square-foot office building in Lehi, in March 2013. The building will be built near the new Adobe Campus, Cabela's and the Outlets at Traverse Mountain as part of a 22-acre, mixed-use campus. Construction is scheduled for completion in May 2014. Eric Smith, Kreg Peterson, James Mecham and Jessmine Kim of CBRE will serve as the leasing agents.
OAKLAND, CALIF. – A 520,000-square-foot high rise office building in downtown Oakland that serves as the headquarters for Clorox has been purchased by Westcore Properties, dba Westcore City Center LLC. The purchase price was not disclosed. Clorox has occupied and owned the building since 1988. It is located at 1221 Broadway. Clorox has another 15 years remaining on its lease with options to renew for an additional 15 years. It occupies 57 percent of the building. The remaining space will be marketed by Cushman & Wakefield. The sales transaction was executed by Craig Zodikoff and Brad Metzger of Cresa and Brett Holden of Lee & Associates.