SAN FRANCISCO — The City and County of San Francisco has signed a 10-year lease for 104,000 square feet at 1155 Market Street. The agencies will occupy about 75 percent of the building. The space will be occupied by the treasurer/tax collector, assessor-recorder and public worksagencies, among others. The lease allows for expansion options, as well as the right of first offer for the building’s 10th and 11th floors. The building was previously occupied by the San Francisco Public Utilities Commission. Laurus Corporation created the single-purpose entity 1155 SF Partners LLC to acquire the building in September 2011. It plans to invest about $14 million in renovations. It is striving for LEED-Gold certification. CAC Group handles the building’s leasing efforts.
LOMBARD, ILL. — Waste Management has signed a lease for 40,300 square feet of office space at Butterfield Centre in Lombard. The space is part of a 145,814-square-foot building located at 700 E. Butterfield Road. Property amenities include immediate access to I-88, newly renovated common areas, a conference center with auditorium and an on-site deli. Michael Van Zandt, Brian Edgerton and Matt Novak of NAI Hiffman represented the landlord, Travelers Insurance, in the transaction. John Musgjerd of Jones Lang LaSalle represented the tenant.
HARRISON, N.Y. — The Motion Picture Association of America (MPAA) will relocate its New York office to 500 Mamaroneck Ave. in Harrison. The organization signed a five-year lease for 2,476 square feet on the fourth floor, and plans to move from its current space in Tarrytown, N.Y., in 2013. The landlord, Malkin Properties, was self-represented by Jeffrey Newman, Kimberly Zaccagnino and Tara Long in the transaction. The MPAA has served as an advocate of the U.S. motion picture, home video and television industries around the world since 1992.
PASADENA — Houston-based Boxer Property has been awarded the management and leasing of the 56,000-square-foot Bank of America Building, an office property located at 213 W. Southmore Blvd. in Pasadena. Doug Pack of Boxer Property negotiated the agreement, which brings Boxer's third-party management portfolio to more than 5 million square feet.
DURHAM, N.C. — The four-building, 72,944-square-foot Miami North Office Park, located in the Research Triangle Park at the intersection of I-40 and Miami Boulevard in Durham, has sold. The office property was built in 1997 and 1999 on a 6.43-acre site. Ben Kilgore of CBRE/Raleigh represented the unlisted seller. Raleigh, N.C.-based TME Investments purchased Miami North Office Park.
WASHINGTON, D.C. — CBRE has been selected to lease 820 First Street, a 298,533-square-foot Class A office building located across from Union Station in Washington, D.C.’s Union Center Plaza. The 11-story building includes CNN, Accenture, and Center on Budget and Policy Priorities as tenants in D.C.’s Capitol Hill North submarket. Affiliates of Norfolk, Va.-based Harbor Group International LLC purchased 820 First Street in October along with investment partners including affiliates of Capstone Equities and Image Capital. The building was built in 1990 and has approximately 53,552 square feet available for lease.
CHICAGO — Citadel has renewed its long-term lease for 222,416 square feet of office space at Citadel Center, a 1.4 million-square-foot high-rise in Chicago. The financial services company occupies the top six floors of the building. The building also houses J.P. Morgan Chase and three major law firms. Brian Whiting of The Telos Group and Mark Baby of J.F. McKinney & Associates represented the landlord, Dearborn Capital Group, in the transaction. Todd Lippman of CBRE Group represented the tenant.
KANSAS CITY, MO. — Ryan Transportation Group has acquired Glenwood I and Glennwood II, located on Metcalf Avenue in Kansas City. The office buildings, at 119,500 square feet and 151,900 square feet respectively, have been on the market since 2009. The building's major tenant, Embarq Corp. occupied the properties before the company sold and became CenturyLink. According to local reports, Deutsche Bank held a note on the buildings after the previous manager couldn't fill Embarq's vacancy. The seller hired Bob Fagan and Brent Roberts of CBRE Group to market the property. Ryan Transportation plans to occupy most of the space in 2013, following a renovation.
THE WOODLANDS — HFF has closed the sale of the 145,580-square-foot 2001 Timberloch, an office building located in the mixed-use development Town Center in The Woodlands. The property is fully leased to Repsol USA and Entergy Services. Dan Miller and Trent Agnew of HFF represented the seller, CalSTRS, which was advised by CBRE Global Investors, in the transaction. The buyer was Principal Real Estate Investors.
DALLAS — RLG Consulting Engineers has expanded its headquarters to a full floor at the 57,505-square-foot La Sierra Office Building in north Dallas. RLG signed a lease renewal/expansion for the 15,173-square-foot third floor of the office building. Dave Besserer and Curt Linn of Bradford Commercial Real Estate Services represented the tenant in the lease transaction. The landlord is Fred Pakravan of Dallas.