HOUSTON — Houston-based Hines has brokered WorleyParson's lease of 50,716 square feet of office space in the 629,000-square-foot Phoenix Tower, a 34-story office tower located at 3200 Southwest Freeway in Houston. Lou Cushman and Courtney Estenson of Cushman & Wakefield of Texas' Houston office represented the tenant in the lease transaction. Paula Burns and Tyler Garrett of Hines represented the landlord, FSP Phoenix Tower Limited Partnership.
AUSTIN — The Texas Facilities Commission has awarded Satterfield & Pontikes Construction (S&P) a $14.5 million project for removing and replacing all exterior panels from the Robert D. Moreton building, an office building located in central Austin. Completion of the renovation is slated for spring 2014.
BOCA RATON, FLA. — Marcus & Millichap has arranged the $6.25 million sale of the 70,000-square-foot The Courtyard, a four-story office building located at 5301 N. Federal Hwy. in Boca Raton. Douglas Mandel of Marcus & Millichap's Fort Lauderdale, Fla., office, along with Benjamin Silver of the firm's Miami office, represented the seller, a Boca Raton-based partnership, in the transaction. The buyer was a local investor in a 1031 exchange.
COLUMBUS — Ohio Employee Health Partnership has signed a 6,971-square-foot office lease at 445 Hutchinson Ave. in Columbus. Doug Falor and Randy Stephens of Cassidy Turley's Columbus office represented the landlord, Equity Office Properties, in the deal.
COLLEYVILLE — Fast-Track Construction has commenced building a 13,263-square-foot office building, located within The Village at Colleyville at 97 Village Ln. in Colleyville. The building will be the site of Jack Prewitt & Associates' new headquarters. The law firm will lease the third floor of the property. Four other tenants are planning to relocate their offices to the new building as well, including Corporate Aviation Analysis & Planning, Dallas Jet International, Helicopter Exchange Limited and Aircraft Transaction Facilitators. Realty Capital Management is managing the project on behalf of Jack Prewitt & Associates. The office building is slated for a fall 2012 completion.
ALTAMONTE SPRINGS, FLA. — Crescent Resources has started construction on a 199,777-square-foot, six-story office building and parking garage, located in Altamonte Springs, for Adventist Health System. The new facility is adjacent to the new 153,864-square-foot Adventist Health Systems headquarters, located at 900 Hope Wy., which opened in December. The new building, slated for completion in spring 2013, will house support operations. Little is the project architect, Brasfield & Gorrie is the contractor and Parsons is the project consultant.
CORAL GABLES, FLA. — AJP Ventures has topped off the $9 million, 58,000-square-foot The Building, located at 2990 Ponce de Leon Blvd. in Coral Gables. The Class A office building is slated for completion in June. The Building is 65 percent pre-leased to tenants, which include Zubi Advertising and Mas Group. A joint venture between Juan Carlos of The Mas Group of Companies and TAZ Partners is developing the property.
HINGHAM, MASS. — Sheskey Architects has been selected to design Hingham Technology Park 3, a new office development to be built on a 9-acre parcel in Hingham, suburb to the southeast of Boston. The concept calls for the construction of two LEED certified office buildings with parking garages and ground-level parking. The design also requires the razing of the existing 61,000-square-foot building, located on the site. For many years, the building was home to the South Shore Educational Collaborative. The project will mark the second time in a decade that a new major office development project is being planned for Hingham.
ENCINITAS, CALIF. — Westcore Properties has purchased a 37,398-square-foot office building in Encinitas for $6.8 million. The building is fully leased to tenants like Scripps Health and St. Katherine’s College. Westcore was represented by Joe Anderson and Rick Reeder of Cassidy Turley. The seller, HBTFT, LLC, was represented by Strom Commercial.
OAKBROOK TERRACE, ILL. — Kemper Corp., a national financial services provider, has signed a 30,462-square-foot office lease renewal at Oakbrook Terrace Tower in Oakbrook Terrace. Andrea Van Gelder, Diana Riekse and Kellen Monti of Jones Lang LaSalle's Chicago office represented the tenant in the transaction. Bruce Renwick, also of firm's Chicago office, represented the building owner, Arden Realty Inc.
