GRAND PRAIRIE — Dry Force has purchased a 65,000-square-foot office/warehouse property, located at 1829 W. Shady Grove in Grand Prairie, which will serve as the company's new headquarters. The 4-building property features 34,000 square feet of office space and 31,000 square feet of warehouse space. The new headquarters will host approximately 50 employees. Pete Richardson and Drew Richardson from Cushman & Wakefield of Texas' Dallas office represented the buyer in the transaction.
DALLAS — Dallas-based Hudson Peters Commercial has been awarded the leasing assignment for the 145,365-square-foot Pyramids Office Tower, a Class A office building located at 9201 N. Central Expy. in Dallas. Sanober Syed and Cincha Ko stman of Hudson Peters Commercial are performing the marketing and leasing duties for the property. The office tower is owned and managed by Healthcare Realty.
SAN DIEGO – VivanTech has signed a 60-month lease for 10,100 square feet at Plaza 2020 in San Diego. The lease is valued at $1.4 million. The new space is located at 2020 Camino Del Rio North. VivanTech was represented by Scot Ginsburg and Damon Melda of Jones Lang LaSalle. The landlord, TA Associates Realty, was represented by Tony Russell and Richard Gonor, also of JLL.
LISLE, ILL. — Duke Realty Corp.'s Chicago office has completed construction of Navistar Inc.'s new corporate headquarters campus in Lisle. The project involved renovating 1.2 million square feet of interconnected buildings and new construction totaling 27,000 square feet. Crews upgraded electrical systems, refurbished building exteriors and added a 15,000-square-foot technology design center. The Navistar project was completed in 12 stages over a one-year period.
ST. LOUIS — Jeff Bucaro of Aries Capital has arranged a $5.8 million permanent loan for Sunset Commons, a Class B office property in St. Louis. An undisclosed life company provided the 10-year loan to the borrower, an affiliate of Arthur Hill & Co. of Evanston, Ill. The loan will replace a maturing CMBS loan issued in 2005. The 77,000-square-foot office property is located east of the I-270 and I-44 Interchange.
PRUSSIA, PA. — Theorem Clinical Research has signed a 29,000-square-foot lease for its new corporate headquarters at Valley Forge Park Place. The building is located at 1061 W. Ninth St. in Prussia. Theorem will move into the new office Aug. 1 from its current location at 630 Allendale Rd. Jim Dugan and Elaine Battaglia of Grubb & Ellis represented the landlord, an affiliate of Keystone Property Group, in the transaction. Taylor Young of Beacon Commercial Real Estate represented the tenant.
HOUSTON — Dallas-based Spire Realty Group has acquired the 342,000-square-foot 1177 West Loop South, an 18-story office tower located in Houston's Galleria submarket. The Class A property is 96 percent leased to tenants including Cornerstone Mortgage Co., Brown Sims and Heritage Texas Properties. The seller was URDANG, a partnership sponsored by Houston-based Griffin Partners.
COPPELL — Archway SCM has leased 90,118 square feet of office/warehouse space, located in KTR's Freeport Crossing Project at 777 Freeport Pkwy. in Coppell. John Lancaster and Rick Medinis of Dallas-based NAI Robert Lynn represented the tenant in the lease transaction. J. Denton Shamburger of Lincoln Property Co.'s Atlanta office represented the landlord.
SANDY, UTAH — Pedersen Worldwide, parent company of Del Sol and Cariloha, has renewed its lease for its global headquarters in Sandy. The Del Sol and Cariloha retail brands will continue to be housed at the facility. Pedersen also signed a lease for its new worldwide distribution center at Freeport West’s Landmark Industrial Park in Salt Lake City. The company will occupy the new distribution center in the third quarter of 2012. NAI Global Corporate Solutions’ Jason Smith and Erik Simper acted as Pedersen’s corporate real estate partner. Smith and Simper, along with NAI’s Luke Burbank, also represented Pedersen in the warehouse transaction. Freeport West was represented by Brad Ross and Mark Dewald. The landlord, the Boyer Company, was represented by Spencer Summerhays and Jake Boyer.
NAPLES, FLA. — A 5,900-square-foot office condo, located at 1865 Veterans Park Dr., Unit 1, has sold for $1.03 million. Dave Wallace of CRE Consultants' Naples office represented the seller, MKK Holdings, in the transaction and procured the buyer, Jaffe Sports Medicine & Rehab.