SCOTTSDALE, ARIZ. — Buchanan Street Partners has purchased a Perimeter Center building in Scottsdale for an undisclosed sum. The 66,800-square-foot office/flex building is located within the master-planned Perimeter Center at 8388 E. Hartford Drive. It was mostly vacant at the time of sale.
ROSEVILLE, CALIF. — Ellis Partners LLC has acquired a nine-building office portfolio in Roseville for an undisclosed sum. The portfolio contains a total of 670,000 square feet along the region’s Douglas Boulevard. The buildings are located in the Summit at Douglas Ridge, Olympus Corporate Centre, Johnson Ranch Corporate Center and Roseville Corporate Center. Chris Lemmon, Todd Eschelman and Zac Collie of Cornish & Carey Newmark Knight Frank will serve as the portfolio’s exclusive leasing agents. The seller was Hines U.S. Core Office Fund. Hines will handle the portfolio’s property management.
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.
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.