SAN DIEGO — Lightwave Corporate Center, a 166,892-square-foot data center and office property in San Diego, has sold to an unnamed buyer for an undisclosed sum. It is located at 9305 Lightwave Ave. in the Kearny Mesa submarket. The center is fully leased to tenants such as American Internet Services and the San Diego Gas & Electric Company. The property was jointly marketed by HFF’s Nick Psyllos and Ryan Gallagher, along with CBRE’s Kevin Shannon, Scott Schumacher, Ken White, Brad Black and Rob Merkin. The seller was LBA Realty.
STERLING, VA. — Orbital Sciences Campus, a three-building, 337,228-square-foot Class A office complex, has traded for $85.6 million in Sterling. A fund advised by Prudential Real Estate Investors (PREI) sold it to Select Income REIT free and clear of existing debt. The property is situated at the intersection of Warp Drive and Route 28 North approximately 29 miles northwest of Washington, D.C. The property, which was built in 2001, is 100 percent leased on a long-term basis to Orbital Sciences Corp. and serves as the company’s global headquarters. Amenities include an outdoor patio, conference facilities, cafeteria, fitness center, basketball court and multiple running and biking trails. Stephen Conley, Jim Meisel, Dek Potts, Andrew Weir and Matt Nicholson of HFF represented the seller.
DURHAM, N.C. — A joint venture between Charlotte, N.C.-based Grubb Properties and Philadelphia-based Rubenstein Partners has acquired a two-building, 193,000-square-foot office portfolio in the Imperial Center office park in Durham. The two buildings are located adjacent to the Research Triangle Park at 1015 and 1035 Swabia Court, and have been occupied by a corporate tenant since construction in 1987 and 1988. Grubb Properties will oversee property management and construction management for the buildings and will lease the 1015 Swabia Court office building. The joint venture will partner locally with Cassidy Turley’s lab and life science team to market the 1035 Swabia Court office building, which includes a mix of office and laboratory space.
NEW YORK CITY — Macy's Inc. has signed a 31,700-square-foot lease expansion to occupy the entire 10th floor of 1440 Broadway in Times Square. The office transaction also concurrently extends the lease for 166,000 square feet on floors six through nine and 13. The retailer now occupies more than 197,000 square feet at the property. The dual transaction also represents Macy's third expansion at the property in the past 24 months. Scott Gottlieb and Michael Laginestra of CBRE Group represented the tenant in the transaction. Monday Properties owns and manages the property.
HOUSTON — Skanska has completed the topping out of a 302,000-square-foot, 20-story office tower, located at 3009 Post Oak Blvd. in uptown Houston. Houston-based Kirksey Architects designed the Class A property to LEED Platinum standards. The building will include several sustainable energy-efficient features such as a state-of-the-art HVAC system, recycling center and rainwater collection system.
MIDLAND — Houston-based Satterfield & Pontikes Construction has planned the construction of multiple 100,000-square-foot office properties, located in the master-planned Westridge Park in Midland. Houston-based Kirksey Architects is designing the new four-story properties. Ron McWherter of CBRE's Houston office and Bill Scott of Midland Texas Real Estate are handling the leasing for the property.
SAN DIEGO — Lightwave Corporate Center, a 166,892-square-foot data center and office property in San Diego, has sold to an unnamed buyer for an undisclosed sum. It is located at 9305 Lightwave Ave. in the Kearny Mesa submarket. The center is fully leased to tenants such as American Internet Services and the San Diego Gas & Electric Company. The property was jointly marketed by HFF’s Nick Psyllos and Ryan Gallagher, along with CBRE’s Kevin Shannon, Scott Schumacher, Ken White, Brad Black and Rob Merkin. The seller was LBA Realty.
CHANDLER, ARIZ. – The Chandler Midway Corporate Center, a 139,803-square-foot office campus, has sold to ViaWest Group for $10.1 million. The center is located at 5710 W. Chandler, which is 70 percent occupied, and 5670 W. Chandler, which is vacant. The center resides in the City of Chandler. The campus includes the two Class A office buildings, as well as five office condominium buildings. The company plans to sell off the condo units. ViaWest was represented by Scott Baumgarten, Mark Stratz, and Tyler Wilson of Cassidy Turley. The seller, McMahon Development Group, was represented by CBRE’s Kevin Cosca and Pete Wentis.
SAN FRANCISCO — Firespotter Labs has signed a five-year lease for 12,600 square feet at the OpenTV building in San Fransisco. The building is located at 275 Sacramento. Firespotter was represented by CBRE’s Conor Famulener and Jeff Birnbaum.
COLUMBIA, S.C. — The 303,156-square-foot Bank of America Plaza has sold for $26 million in Columbia. Locally based AgFirst Farm Credit Bank purchased the 17-story, Class A office building that is 69 percent leased. The credit association plans to relocate into the remaining space by the end of 2013. Kevin Markwordt, Jon Kleinberg and Julian Brown of Transwestern’s Southeast Investment Services Group represented the property’s receiver, Lincoln Harris, and David Lockwood and John Folsom of Colliers International represented AgFirst Farm Credit Bank.