OMAHA — Q10 | DaisleyRuff Financial has arranged $2.8 million in acquisition financing for a 46,000-square-foot office building located at 440 Regency Parkway in the Regency Office Park in Omaha.The fixed-rate loan includes a 24-year amortization schedule and was arranged by Bob Chalupa, senior vice president, of Q10 | Daisley Ruff Financial.
NEW YORK CITY — Vitech Corp. has renewed and extended its 42,200-square-foot office lease at 401 Park Ave. South. Vitech Corp. signed a 10-year lease for two floors at the 12-story property. The corporation’s global headquarters are located in the 252,000-square-foot office building. Dennis Someck of Lee & Associates represented Vitech in the transaction, while Mark S. Stein and Jason Vacker of Meringoff Properties represented the building’s owner. Vitech is a worldwide provider of systems engineering and architecting software solutions.
FRISCO, TEXAS — Conifer Health Solutions has broken ground on its new corporate headquarters, located in the Duke Bridges Office Park at the intersection of the Dallas North Tollway and Warren Parkway in Frisco. Duke Realty is developing the four-story, 200,000-square-foot office building. Conifer currently leases office space in Hall Office Park. Conifer plans to eventually hire 500 employees to add to its existing 600 employees. Corgan, an architecture and interior design firm, is designing the new office space. Jones Lang LaSalle assisted Conifer in finding the site.
HOLLYWOOD, CALIF. — A 4,896-square-foot office building in Hollywood that is home to Sunset Edit has sold to a principal of the private editing firm for $2.2 million. It is located at 849 Seward Ave. Sunset Edit provides post-production services to film, TV and music videos. The building was previously occupied by FilmCore. Michael B. Rubin of NAI Capital’s Westlake Village office represented both the buyer and the seller in this transaction.
MIAMI — An investment group led by Miami-based Banyan Street Capital has acquired Brickell Bayview Centre, a 285,595-square-foot office tower in Miami, for $70 million. The buyers also included Boca Raton, Fla.-based Crocker Partners and Independencia, a Chilean investment fund. Brickell Bayview, located at 80 S.W. 8th St., is a landmark 33-story tower in the heart of Brickell's financial district. With 16 stories of structured parking below, the office space starts at the 17th floor. The property is 88 percent leased to 47 tenants. Christian Lee, Charles Foschini, Christopher Apone and Amy Julian of CBRE represented the seller in the transaction. No buyer's representative was involved in the deal.
ROCKVILLE, MD. — Washington Real Estate Investment Trust (WRIT) has sold The Atrium Building, an 80,000-square-foot office building in Rockville, for $15.7 million. The property, built in 1980 and acquired by WRIT in 2002, is located at 6101 Executive Blvd. The buyer plans to relocate its headquarters to the property. WRIT said the sale is consistent with the company's strategy of selling smaller, non-core assets in suburban markets. WRIT achieved a net gain of approximately $3.6 million and an unleveraged internal rate of return of 11 percent over the 10-year holding period.
ROSEMONT, ILL. — United Food and Commercial Workers Unions (UFCW) and Employers Midwest Health and Pension Funds is moving its headquarters from Park Ridge to the Northwest Plaza office complex in Rosemont, a northwest suburb of Chicago. The group has signed a lease for 20,688 square feet of office space. Rick Benoy, senior vice president of Jones Lang LaSalle, represented the building’s owner, a partnership including Fulcrum Asset Advisors LLC. Jon Springer, Paul Diederich and Gary Fazzio of CBRE represented the union benefit plan in the transaction. The Employers Midwest Health and Pension Funds provides health plans and/or pension benefits to full- and part-time UFCW workers in grocery stores, retail stores and nursing homes and in the food processing and meat packing industries. Northwest Plaza is a 328,000-square-foot, Class B office located at 9701-9801 W. Higgins Road.
FALMOUTH, MAINE — American Realty Capital Properties Inc. has purchased an office building occupied by TD Bank in Falmouth, a suburb of Portland, for $31 million. The net-leased, 143,030-square-foot property is located at 200 U.S. Route 1. The three-story building was built in 2001. The estimated capitalization rate of the property is 8.9 percent. Paragon Commercial Real Estate represented the building’s seller, West Falmouth Development LLC, in the transaction.
PLANO, TEXAS — Stream Realty Partners has arranged a new 20,481-square-foot lease for office space in Plano for Marquis Software Solutions. The office space is located at 5160 Tennyson at Denbury Park II in Plano. Denbury Park II is a three-story, 102,600-square-foot office building in Plano's Legacy submarket. Todd Noonan of Stream Realty represented the tenant in the lease transaction. Jeff Ellerman of CBRE represented the sublandlord, Denbury Resources Inc.
HOUSTON — Khoshbin Co. has awarded the leasing and marketing of two office buildings in Houston's North Belt submarket to Transwestern. The two office properties include a 181,647-square-foot, 10-story building at 10700 N. Freeway and a 213,777-square-foot, 12-story building at 333 N. Belt. Khoshbin plans to renovate the office buildings and modernize the building systems and management. Michelle Wogan, Dani Allison and Evelyn Ward of Transwestern's Houston office will market and lease the office buildings.
