Office

INLAND PAYS $17.6M FOR NEW JERSEY OFFICE, LAB BUILDING

by admin June 4, 2012

EAST WINDSOR, N.J. — Inland Real Estate Acquisitions has acquired 100 SciPark, a 65,552-square-foot office and laboratory building in East Windsor, for $17.6 million. Built in 2010, the property is fully occupied by the Elementis Worldwide subsidiary of Britain's Elementis PLC. The company, which will use the space for its world headquarters, converts organic chemicals and minerals into polymers for use in paints, cosmetics and other products. Andrew Merin, David Bernhaut, Gary Gabriel, Kyle Schmidt and Nick Karali of Cushman & Wakefield represented the seller, Woodmont Properties, in the transaction. They also secured the buyer.

June 4, 2012

BARRETT HEALTH CENTER BUYS OFFICE BUILDING

by admin June 1, 2012

MISSOURI CITY — Barrett Health Centers has purchased a 2,621-square-foot office property, located at 4642 Riverston Blvd. in Missouri City, from Maverick Steel Enterprises. The office property will serve as a chiropractic office for Dr. Richard Barrett. Jane Holloway and Larry Indermuehle of ICO Commercial represented the buyer in the transaction. Tawnya Dornak of ICO Commercial represented the seller.

June 1, 2012

Office Southeast

PREI BUYS ATL OFFICE TOWER FOR $61.4M

by admin May 31, 2012

ATLANTA — Prudential Real Estate Investors has purchased the 259,500-square-foot Ten Peachtree Place, a Class A office tower located in Atlanta, from a venture managed by Cousins Properties for $61.4 million. The 20-story building, which is fully leased, serves as the corporate headquarters of AGL Resources. The property is currently undergoing a $1.2 million renovation to achieve LEED Silver status.

May 31, 2012

Midwest Office

IT CONSULTANCY FIRM RENEWS, EXPANDS LEASE

by admin May 31, 2012

CHICAGO — Medullan has signed a lease renewal and expansion for 13,065 square feet of office space at 625 Mount Auburn St. in Chicago. The space will serve as the information technology consultancy firm's new corporate headquarters. The transaction marks the fourth office expansion by Medullan since its inception, growing from roughly 4,300 square feet to more than 13,000 square feet. Michael McCarthy of Suburban Leasing Group represented the tenant in the transaction. Robert Fitzgerald of CBRE Group represented the landlord, KBS Realty Advisors.

May 31, 2012

Northeast Office

NIRVANA INKS NEW LEASE AT 80 BROAD ST. IN NYC

by admin May 31, 2012

NEW YORK CITY — Nirvana Solutions, a New York-based financial software company, has signed a 3,515-square-foot lease at 80 Broad St. The company will occupy the 18th floor for the next 7 years. Hal Stein, Adam Leshowitz and Todd Stracci of Newmark Knight Frank represented the landlord, an affiliate of Savanna. Eli Someck of Redwood Property Group represented the tenant in the transaction.

May 31, 2012

Office Western

HILLSBORO OFFICE BUILDING SELLS FOR $2.4M

by admin May 30, 2012

HILLSBORO, ORE. — An office building located at 3000 NW Stucki Pl in Hillsboro has sold to UPM Property No. 20, LLC for $2,425,000. UPM was represented by Charlie Floberg of Norris Beggs & Simpson. The seller, JP Morgan Chase, was represented by Kevin Wingate-Pearse and John Brandhorst of Sperry Van Ness | Bluestone & Hockley.

May 30, 2012

Office Western

OFFICE BUILDING IN ORANGE TRADES HANDS

by admin May 30, 2012

ORANGE, CALIF. — A 10,000-square-foot office building located at 1010 West Chapman Ave. in Orange has sold to a team of private investors from Santa Ana, Calif., for an undisclosed sum. The building was 40 percent leased at the time of sale. The buyer was represented by Juve Pinedo of Rancon Real Estate. The seller, a private investor, was represented by Chris Deason of Voit Real Estate Services.

May 30, 2012

Office Southeast

DUKE REALTY TO BUILD KUEHNE + NAGEL HQ

by admin May 29, 2012

ATLANTA — Duke Realty Corp. has executed a lease agreement with Kuehne + Nagel for a 211,000-square-foot build-to-suit office and warehouse distribution building, located at 4100 N. Commerce Drive in Atlanta at Duke Realty's Camp Creek Business Center. The property will serve as Kuehne + Nagel's North American headquarters. The tenant was represented by Bayne Porter of CBRE in the transaction, and the landlord was self-represented by Wes Hardy. Completion is slated for the second quarter of 2013.

May 29, 2012

Office Southeast

WINTHROP BUYS LOAN FOR $42.8M

by admin May 29, 2012

FORT LAUDERDALE, FLA. — Winthrop Realty Trust has acquired a first mortgage loan for a 326,000-square-foot office and retail building, located in Fort Lauderdale. The loan, which is currently in maturity default, has an outstanding balance of approximately $44.9 million and was purchased for $42.8 million.

May 29, 2012

Midwest Office

WORLD KITCHEN TO ESTABLISH NEW WORLD HEADQUARTERS

by admin May 29, 2012

ROSEMONT, ILL. — World Kitchen LLC has leased 55,000 square feet for its world headquarters in Rosemont. The housewares company will occupy space at Columbia Centre III, located at 9525 West Bryn Mawr Ave. David Kimball, Pamela Rose and Jay Beadle of MB Real Estate represented World Kitchen in the transaction. Tom Saletta of Saletta Commercial Realty represented the landlord.

May 29, 2012

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