PLANO — Dallas-based Winzer Corp. has awarded Alliance Architects the bid to design a new 139,000-square-foot office/distribution facility, which will be located at the corner of Plano Parkway and North Star Road in Plano. The build-to-suit facility will feature painted tilt wall panels, ribbon windows with a metal canopy, a freestanding entrance wall, two-story glass curtainwall and a two-story open-air lobby. Pacheco Koch Consulting Engineers is providing civil engineering design services, Hunt & Joiner Consulting Structural Engineers is providing structural design services, Belle Firma is providing landscape design services, Weeks Robinson Properties is the developer, Transwestern assisted Winzer in the site selection, Panattoni Construction is providing general contracting services and Pritchard Associates is serving as the construction manager.
Office
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.
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.
PEMBROKE PINES, FLA. — The two-building, 77,209-square-foot Herald Plaza office complex has traded for $9 million in Pembroke Pines. A joint venture between Grover & Corlew LLC, a boutique real estate investment and management firm, and Creek Real Estate Partners LLC, a commercial real estate fund, purchased the office property from Coconut Creek, Fla.-based Butters Group and Boca Raton, Fla.-based Milhous Group. Scott O’Donnell, Jeffrey Kelly, Dominic Montazemi, Marty Busekrus and Miguel Alcivar of CBRE brokered the transaction. Grover & Corlew LLC is led by Mark Corlew, former Stiles Corp. acquisitions chief, and his partner Anuj Grover, a lawyer, accountant and real estate operator.
RALEIGH, N.C. — New Boston Fund Inc., a private equity real estate investment, development and management firm, has commenced major renovations at Carolina Place, a Class A office building in Raleigh. The five-story, 99,181-square-foot office property is undergoing renovations to its lobby and common areas including the complete removal and replacement of the glass curtain wall and entry doors to the lobby. The remainder of the lobby will be entirely gutted and replaced with new flooring, walls, trim and lighting in a modern design. The restrooms and elevators are also being gutted and completely updated. LS3P is the renovation architect and Riley Lewis General Contractors is the general contractor. The renovations are scheduled for completion by the end of this year.
NEW YORK CITY — SL Green has acquired the non-performing mortgage on 315 Park Avenue South in Manhattan, a 20-story office tower primarily leased to Credit Suisse Group. The 320,000-square-foot property is located on the northwest corner of Park Avenue South and 24th Street. According to media reports, a $219 million mortgage matured on the property in June and the owner was unable to refinance.
HOUSTON — Newport Beach, Calif.-based KBS Strategic Opportunity REIT has purchased the 400,101-square-foot 1800 West Loop South, a 21-story office tower located in Houston's West Loop/Galleria submarket. The property is 88 percent leased. KBS plans to upgrade the lobby and elevators of the property, which features a deli, laundry and dry-cleaning services and an 11-story parking garage. KBS-affiliated companies own four other Houston-area properties totaling 1.3 million square feet, including Ten West Corporate Center, Two Westlake Park, Clay Crossing and 8300 FM 1960. Charles Schreiber, Jr., Peter Bren, Keith Hall and Peter McMillan III of KBS Realty Advisors sponsored the buyer in the transaction, and KBS Capital Advisors LLC advised the REIT.
ADDISON — Fiesta Restaurant Group, owner and operator of the Taco Cabana and Pollo Tropical restaurants, has plans to occupy 20,000 square feet of office space at 14800 Landmark Blvd. in Addison. The new office space will serve as Fiesta's corporate headquarters. The company plans to have 55 employees in the office during the next three years.
BOSTON — EagleBridge Capital has arranged $6 million in permanent mortgage financing for 33 Broad Street, a 40,500-square-foot office building in Boston's Financial District. The building is fully leased and retail tenants on the ground floor include State Street Eye Health and Expresso Love. The upper floors are occupied by 18 office tenants including law firms, accountants and financial advisors. Ted Sidel and Brian Sheehan of EagleBridge arranged the loan through a financial institution.
CORPUS CHRISTI — NorthMarq Capital has arranged first mortgage refinancing for the 72,793-square-foot Sun Plaza Office Building, located at the intersection of Holly Road and South Staples Street in Corpus Christi. The property's tenant roster includes Stewart Title, NRG Energy, AT&T and Falcon Healthcare. Warren Hitchcock of NorthMarq's Houston office arranged the 10-year loan with a 30-year amortization schedule through a CMBS lender on behalf of the borrower, Sun Real Estate LLC.