LONG BEACH, CALIF. – The General Services Administration – Federal Bureau of Investigation (GSA-FBI) has signed a 15-year lease for a total of 22,264 square feet at 4811 Airport Plaza in Long Beach. The FBI will occupy the entire 15th floor of the building, as well as 1,000 square feet on the ground floor. The lease is valued at $9.6 million. The landlord, 4811 Airport Plaza, LLC, was represented by Jeff Coburn, Shaun McCullough, Dylan Espley-Jones and Say Jeon of Lee & Associates Los Angeles – Long Beach.
FAIRFAX CITY, VA. — CBRE Group has arranged the $4.12 million sale of a 19,000-square-foot office building, located at 4010 University Drive in Fairfax City. The property is fully leased to law and accounting firms. William Prutting of CBRE Group represented the seller in the transaction. The buyer was a private investor.
CHICAGO — United Airlines is moving its headquarters to Chicago's Willis Tower, which currently houses the airline's new operations center. Corporate staff is moving from 77 W. Wacker to 200,000 square feet at the tower. The new deal means the company will be leasing a total of 830,000 square feet at Willis Tower. Once the deal is complete, United will occupy approximately 25 percent of the building. The company has also agreed to extend its lease by two years to 2028. A partnership of Chicago and New York investors known as 233 S. Wacker Drive LLC owns Willis Tower. Jones Lang LaSalle represented United Airlines in the lease transaction.
GRAYSLAKE, ILL. — McShane Construction has been selected to complete a 7,955-square-foot office project for the Illinois Bone & Joint Institute within the Belvidere Professional Center in Grayslake. McShane will construct a reception and lobby area, eight exam rooms, two cast rooms and an X-ray area. The building is located at 1275 Belvidere Road. Partners in Design is the project architect.
SAN DIEGO – Qualcomm Incorporated has leased 46,411 square feet of office space in San Diego. The property, which is located at 5505 Morehouse Drive, is a part of a closed-end fund managed by Grosvenor Fund Management. The new 72-month lease brings the building to full occupancy. Qualcomm represented itself in the transaction, while the landlord was represented by Tom Mercer, Ty Moffatt and Scott Moffatt of Colliers International.
WATERTOWN, MASS. — Pathfinder International, a nonprofit that provides health services globally, has signed a lease for 30,167 square feet at 9 Galen St. in Watertown. In the deal, Pathfinder renewed its lease of 23,329 square feet and secured an additional 6,838 square feet of space. John Boyle and Ryan Romano of Cassidy Turley FHO represented the tenant in the transaction. James Elcock of Colliers International represented the landlord.
NORWALK, CONN. — Cervalis has signed a long-term lease for a 167,691-square-foot data and disaster recovery center to be built at 10 Norden Place in Norwalk. Landlord Fortis Property Group will construct the Class A office building. However, a timeline of the project was not provided. Brokers in the deal state that the data center is the largest build-to-suit project in Fairfield County in 12 years. Howard Greenberg of Howard Properties and John Stoddard of Jones Lang LaSalle represented the tenant in the transaction. Jodie Dostal of Cushman & Wakefield represented the landlord. Cervalis, an IT services vendor, currently occupies more than 300,000 square feet of data storage facilities in New York, New Jersey and Connecticut.
HILLSBORO, ORE. – Technology Center One and Two, a pair of office and technology buildings in Hillsboro, has sold to Watumull Properties Corp. for $6.9 million. The buildings contain a total of 95,000 square feet located in the city’s Sunset Corridor. Keith Young of Kidder Mathews represented both the buyer and the seller, BH Properties, in this transaction. Young and Joshua Swartz, also of Kidder Mathews, have been selected to fill the centers’ remaining vacancies.
CARLSBAD, CALIF. – A 75,160-square-foot, Class A office building in Carlsbad has received $10.2 million in financing. The building is located at 5791 Van Allen Way. It was built in 1999 and is fully leased on a triple-net lease basis to Life Technologies. The loan was arranged for Mararisk Carlsbad, LLC by Mararisk Carlsbad, David Bleiweiss and John Chun of HFF.
DALLAS — Atlanta-based Cousins Properties has acquired 2100 Ross Avenue, an 844,000-square-foot, Class A office building located in Dallas' Art District, for $59.2 million at a foreclosure auction. The building is 67 percent leased to tenants such as CBRE Group, Prudential Mortgage Capital and Bank of America Merrill Lynch. The building is located adjacent to the new 5.2-acre Clyde Warren Park, which is slated to open in October.