Office

BINSWANGER BROKERS 175,000 SF OFFICE SALE

by admin June 8, 2012

PITTSBURG — Binswanger has arranged the sale of a 175,000-square-foot office building, located at 4845 U.S. Highway 271 in Pittsburg. The facility is the former Pilgrim's Pride corporate headquarters. The buyer, Region 8 Education Service Center, plans to use the property as an in-house training facility for 47 school districts in east Texas. The property features six meeting rooms wired for video conferencing, a meeting room that can sit 265 people, four elevators, motion detecting lighting, nine break rooms, 18 restrooms and 1,000 parking spaces. Holmes Davis of Binswanger's Dallas office represented the seller, Pilgrim's Pride Corp., in the transaction.

June 8, 2012

THOUSAND OAKS OFFICE BUILDING SELLS FOR $1.9M

by admin June 8, 2012

THOUSAND OAKS, CALIF. – A 12,800-square-foot office building in Thousand Oaks has sold to a financial services owner/user for $1.95 million. The property was built in 1964 and is located at 199 E. Thousand Oaks Blvd. Chris Itule, Jeff Albee and Jeff Gould of Colliers International represented both the buyer and the seller, a private family trust, in this transaction.

June 8, 2012

Office Southeast

NORTHMARQ ARRANGES $5M MORTGAGE

by admin June 7, 2012

PONTE VERDE, FLA. — NorthMarq Capital has arranged $5 million in first mortgage refinancing for the 47,845-square-foot Village Professional Center, an office park located at 13000 Sawgrass Village Circle in Ponte Verde. Joel Coykendall of NorthMarq Capital’s Jacksonville, Fla., office arranged the 10-year loan with a 25-year amortization schedule through a correspondent life insurance company.

June 7, 2012

Office Texas

MYERS CROW & SAVIERS TO BUILD SPEC OFFICE CENTER

by admin June 7, 2012

HOUSTON — Myers Crow & Saviers plans to build the 135,000-square-foot Mason Creek Office Center, a speculative office property that will be located on a 10.8-acre site in Mason Creek Corporate Park in Houston's Energy Corridor. Moody Rambin has been retained to lease and manage the property. Parkside Capital owns Mason Creek Corporate Park, a master-planned business park. The project is slated to break ground in the third quarter and is scheduled for an April 2013 completion.

June 7, 2012

Office Western

INFUSIONSOFT LEASES 92,109-SF OFFICE BUILDING IN CHANDLER

by admin June 7, 2012

CHANDLER, ARIZ. – Infusionsoft has leased a 92,109-square-foot office building that is currently being built in Chandler. The property, located at 1260 S. Spectrum Blvd., broke ground in January 2012. It is expected to be completed and occupied later this year. Infusionsoft was represented by Eric Jones of Commercial Properties. The building owner and developer, Douglas Allred Company, was represented by Mark Krison and Scott German of CBRE’s Phoenix office.

June 7, 2012

Midwest Office

OPUS LEASES SPACE AT ARBOR LAKES NORTH END

by admin June 6, 2012

MAPLE GROVE, MINN. — Two new tenants have joined the Arbor Lakes North End building in Maple Grove. Elements Therapeutic Massage will occupy 2,150 square feet of ground-level retail space and Global Tax Network has leased 6,500 square feet of office space on the second floor. Kris Schisel and Molly Murnane of Colliers International represented Opus in the retail transaction. Jim Damiani, Brian Beltrand and Matt Delisle of Colliers International represented Opus in the office transaction.

June 6, 2012

Northeast Office

TWO CONNECTICUT BUILDINGS SELL FOR $6.32M

by admin June 6, 2012

MERIDAN, CONN. — Sleeping Giant Research Parkway LLC has sold two office properties in Meriden for $6.32 million. The buildings are located at 355 Research Parkway and 367 Research Parkway. John J. Cafasso and Nicholas R. Morizo of Colliers International represented both parties in the sale. Both buildings are fully leased to long-term tenants. BL Cos., which provides architecture, engineering, surveying and environmental services, occupies 355 Research Parkway. Tucker Mechanical, a subsidiary of EMCOR Group Inc., occupies 367 Research Parkway.

June 6, 2012

Office Western

NAMI MEDIA RELOCATES IN LA

by admin June 6, 2012

LOS ANGELES — Nami Media has leased 11,700 square feet inside an office building that is part of the Howard Hughes Center in Los Angeles. The space resides within a 336,000-square-foot, Class A office building at 6701 Center Drive. The company is relocating from its Venice Boulevard location in West Los Angeles. The new space will allow Nami to expand its operation. Brian Davies and Dave Toomey of Cresa Los Angeles represented the tenant, while the landlord, Equity Office Properties, was represented by Rick Buckley and Beau Rawi of LA Realty Partners.

June 6, 2012

Office Texas

KBS ARRANGES TWO AUSTIN OFFICE LEASES

by admin June 5, 2012

AUSTIN — KBS Realty Advisors has signed leases with two tenants totaling 23,119 square feet of office space at its 260,112-square-foot SouthTech Business Center, a 99 percent leased office complex located at Freidrich Lane and East St. Elmo Road in Austin. Houston-based Suntronic has leased 10,731 square feet at SouthTech Business Center, Building 3. Dillon Mao of Katy-based FIRM Properties represented the tenant in the lease transaction. Virtuoso Selections is expanding its headquarters in Building 3 to a new 12,388-square-foot office in the same building. Carson Jones of Partners National Corporate Real Estate Services represented the tenant in the lease transaction. Ace Schlameus of HPI Real Estate represented the landlord in both lease transactions. Other tenants at SouthTech Business Center include Republic Beverage, New Era Publishing and JS International Shipping Corp.

June 5, 2012

Midwest Office

SOFTWARE COMPANY TAKES 19,288 SF IN DEERFIELD, ILL.

by admin June 4, 2012

DEERFIELD, ILL. — Quest Software, a software company, has signed a lease for 19,288 square feet of office space within the 38,000-square-foot building at 875 Weiland in Deerfield. Elise Couston and Bradley Weiner of Paine/Wetzel/TCN Worldwide represented the landlord, Deerfield & Weiland LLC, in the transaction. Royce Sharf and Kevin McLennan of Studley repesented Quest Software.

June 4, 2012

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