Office

AMERICAN BUILDING MAINTENANCE TAKES SPACE IN LISLE

by admin December 10, 2012

LISLE, ILL. — American Building Maintenance Co. has signed a lease for 8,196 square feet of office space at 550-650 Warrenville Road in Lisle. The building is located within the Corporetum Office Campus and includes on-site food service, a conferencing facility, fitness center and private corner balconies. Patrick Kiefer and Jim Adler of NAI Hiffman represented the landlord, Winthrop Realty Trust, in the transaction. Eric Sorensen of Cushman & Wakefield and David Anderson of Fritsche Anderson Realty Partners represented the tenant.

December 10, 2012

STREAM REALTY, GODDARD PURCHASE WATERVIEW PLACE I & II

by admin December 10, 2012

RICHARDSON — Stream Realty Partners, in a partnership with Goddard Investment Group, has acquired Waterview Place I & II, a 230,000-square-foot office campus located at 17655-17657 Waterview Parkway in Richardson. The vacant property was acquired at a foreclosure sale at the Collin County Courthouse. The property once served as the corporate headquarters for Alliance Data Systems. Ramsey March and Matt Wieser of Stream Realty Partners will handle operations and leasing on behalf of the partnership. The office campus has been renamed Waterview 190.

December 10, 2012

Office Western

CHANDLER MIDWAY CORPORATE CENTER SELLS FOR $10.1M

by admin December 10, 2012

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.

December 10, 2012

Office Western

FIRESPOTTER SIGNS LEASE FOR 12,600SF IN SAN FRANCISCO

by admin December 10, 2012

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.

December 10, 2012

Office Western

LA OFFICE BUILDING SELLS FOR $14.3M

by admin December 7, 2012

LOS ANGELES – A 38,667-square-foot office building that is fully occupied by Aptium Oncology, a subsidiary of AstraZeneca, has sold to Beverly Quest LLC for $14.3 million. The trophy-class building is located at 8201 Beverly Blvd. in Los Angeles. Beverly Quest was represented by Steven Rayan of South Park Group. The seller, Aptium Oncology, was represented by Martin McDermott of Avison Young’s West Los Angeles office.

December 7, 2012

Office Western

WHISPERING WIND CORPORATE CENTER IN PHOENIX SELLS FOR $12.2M

by admin December 7, 2012

PHOENIX – Whispering Wind Corporate Center, a two-building, 75,050-square-foot office complex in Phoenix, has sold to New World Real Estate Investments I, LLC for $12.2 million. It is located at 2205 and 2225 W. Whispering Wind Drive. The complex is now fully occupied. New World was represented by Denver-based brokers, while the seller, affiliates of the Mack Company, was represented by Barry Gabel and Mindy Korth of CBRE’s Phoenix office.

December 7, 2012

Midwest Office

NORTHWESTERN MUTUAL PLANS $300M OFFICE TOWER

by admin December 7, 2012

MILWAUKEE — Northwestern Mutual Life Insurance Co. plans to build a new $300 million office tower at its downtown Milwaukee campus. The company is currently seeking a reported $48 million in city financing for the project. The financing would come in the form of a tax incremental financing district. The 840,000-square-foot tower is planned at the site of the company's current office building at North Cass and East Mason streets. Last year, the company said it would demolish the 500,000-square-foot building, which currently houses 1,100 employees, due to significant maintenance costs. Northwestern says the new building will have the capacity for as many as 1,700 employees.

December 7, 2012

Midwest Office

NAI TO LEASE, MANAGE ONE PARKVIEW PLAZA

by admin December 7, 2012

OAKBROOK TERRACE, ILL. — NAI Hiffman has been selected to lease and manage One Parkview Plaza, a 263,912-square-foot, Class A office building at 17 W. 110 22nd St. in Oakbrook Terrace. A major tenant, Invesco, plans to move to the property in 2013, and approximately 125,140 square feet is currently available for lease. The building includes a deli, sundry shop, 24-hour manned security, an ATM and a health club that features basketball and racquetball courts.

December 7, 2012

Northeast Office

CRESA TO SERVE AS PROJECT MANAGER FOR TURKEVI CENTER

by admin December 7, 2012

NEW YORK CITY — Cresa will serve as project manager for a plan to redevelop 821 United Nations Plaza in New York. The project, which will begin next month, will demolish the existing structure and erect a modern facility that reflects Turkish art, culture and architecture. The facility, known as the Turkevi Center, will serve the Republic of Turkey's Consulate General and Permanent Mission to the United States. The center will consist of offices and diplomatic residences for permanent staff and visitors. Cresa will also serve as the owner's representative. During the construction process, the UN Mission and Consulate will be relocated to temporary space until the project is complete.

December 7, 2012

Office Texas

RED RIVER BUYS IMPERIAL SQUARE IN IRVING

by admin December 7, 2012

IRVING — Red River Asset Management has purchased Imperial Square, a five-building office complex located at 2401-2477 Gateway Drive in Irving. The property is 68 percent leased to tenants such as Verizon Wireless and the GSA. The complex totals 129,000 square feet. Larry McCorkle, Bo Bond and John Alvarado (now with CBRE) represented the seller, Rushmore Imperial Square, in the transaction. New York-based Angelic Real Estate arranged acquisition financing through Viewpoint Bank. Bruce Stern of Red River is teaming up with Jon Altschuler and Katie Chu of Altschuler and Co. to market the property for leasing.

December 7, 2012

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