Office

GRANITE, HOAR BREAK GROUND ON BRIARPARK GREEN

by admin August 9, 2012

HOUSTON — Granite Properties and Hoar Construction have begun construction of the 300,000-square-foot Briarpark Green, a 12-story, Class A office building located at 3151 Briarpark in Houston's Westchase district. PGAL has designed the building to LEED Gold standards. The property is currently speculative and Granite Properties is providing construction financing. The building will have wood paneling, blown-glass fixtures and elevators with in-cab televisions. The property will also include a 361,000-square-foot, six-story parking garage. The building is slated for a September 2013 completion.

August 9, 2012

SUN LIFE ASSURANCE BUYS 660 MARKET STREET IN SAN FRANCISCO

by admin August 9, 2012

SAN FRANCISCO – Sun Life Assurance of Canada has purchased 660 Market Street, a 52,842-square-foot office building in San Francisco. The building features ground-floor retail along the Market Street Corridor. The seller, Union Property Capital and Heitman, was represented by Tony Crossley, Tim Maas and Erik Hanson of Colliers’ San Francisco Investment Services Group.

August 9, 2012

Office Western

OAK TREE ENERGY SYSTEMS LEASES 7,526 SF AT LA TERRAZA CORPORATE PLAZA

by admin August 9, 2012

ESCONDIDO, CALIF. – Oak Creek Energy Systems has leased 7,526 square feet at La Terraza Corporate Plaza in Escondido. The seven-year lease is valued at $1.44 million. The 78,477-square-foot, Class A office building is located at 500 La Terraza Blvd. Oak Creek was represented by Joseph Portelli of Marubeni America Corporation and in-house by Carina Leegaard. The landlord, Cypress La Terraza, LLC, was represented by CBRE’s Larry Cambra and Dan Yielding.

August 9, 2012

Office Southeast

BANYAN STREET BUYS TOWER 101 FOR $28.7M

by admin August 8, 2012

FORT LAUDERDALE, FLA. — Banyan Street has acquired the 230,238-square-foot Tower 101, a two-building office property located in Fort Lauderdale, from Cap Advisors and Principal Real Estate Investors for $28.7 million. The 21-story tower is 68 percent leased. Christian Lee, Charles Foschini, Jose Antonio Lobon, Deanna Lobinsky and Travis Herring of CBRE Group represented the seller in the transaction. Additionally, CBRE secured $19 million in acquisition financing through Banco Sabadell.

August 8, 2012

Northeast Office

SYNERGY ACQUIRES $30.8M BOSTON OFFICE PORTFOLIO

by admin August 8, 2012

BOSTON — Synergy Investments has purchased a four-building office portfolio in Boston's Downtown Crossing and the Financial District for $30.8 million. The 138,851-square-foot portfolio includes 184 High St.; 71 Summer St.; 77 Summer St.; and 87 Summer St. David Ross and Gina Barroso of NAI Hunneman represented the seller, Centurion Realty LLC, in the transaction. They also procured the buyer.

August 8, 2012

Office Western

NEW RELIC LEASES 19,482 SF AT US BANCORP TOWER

by admin August 8, 2012

PORTLAND, ORE. – New Relic has leased 19,482 square feet at the US Bancorp Tower in Portland. The new space will allow the company to expand and relocate from the nearby Commonwealth Building this November. New Relic will initially house a 45-person engineering team at the new facility, but eventually plans to grow its presence to about 200 employees. The tenant was represented by Jake Lancaster of Jones Lang LaSalle’s Portland office. The landlord, Unico Properties, was represented by Joe Vaughn, also of JLL.

August 8, 2012

Northeast Office

RIDGE ROAD BUYS 378,000-SQUARE-FOOT RESEARCH FACILITY

by admin August 7, 2012

MONMOUTH JUNCTION, N.J. — Ridge Road Properties has acquired Pfizer Inc.'s 378,000-square-foot research facility at 865 Ridge Road in Monmouth Junction. Ridge Road — which purchased the property with plans to develop the adjacent acreage — will make the building available for lease or sale. The Class A building includes 128,000 square feet of laboratory space, a 60,000-square-foot vivarium and 70,000 square feet of office space. The building was constructed in the 1950s and then expanded in the 1980s and 1990s. Joseph Nitti and John Kainer of Colliers International New Jersey represented the buyer in the transaction.

August 7, 2012

Northeast Office

HFZ MOVES AHEAD WITH PLANS TO CONVERT NYC OFFICE BUILDING

by admin August 7, 2012

NEW YORK CITY — HFZ Capital Group is moving forward with plans to convert a 122,000-square-foot office building at 11 Beach St. in New York City into a luxury condominium. The company has partnered with Joy Construction and New Valley on the redevelopment. HFZ acquired the property in July for a reported $62 million. HFZ has started pre-development planning for the proposed project.

August 7, 2012

Office Western

HOLLYWOOD OFFICE BUILDING SELLS FOR $8.1M

by admin August 6, 2012

HOLLYWOOD, CALIF. -— A 24,000-square-foot office building in Hollywood has sold to JMS Ventures for $8.1 million. The property is located at 6735 Selma Ave. It is currently fully occupied by Panavision Hollywood, which has leased the property through 2016 with an option to extend. Ian Strano of NAI Capital’s West Los Angeles office represented JMS. The seller was Highland Selma Ventures.

August 6, 2012

Midwest Office

THOMPSON NATIONAL PROPERTIES BUYS DAYTON OFFICE

by admin August 3, 2012

DAYTON, OHIO — Thompson National Properties has acquired 3745 Pentagon Blvd., an 86,928-square-foot office building in Dayton, on behalf of 1031 tax-deferred exchange investors. Science Applications International Corp. (SAIC) will move into the space. American National Insurance Co. financed the acquisition and Wally Reid and Kelly Layne of HFF originated the loan. The three-story property is located across from Wright Patterson Air Force Base. SAIC is an engineering and tech firm that focuses on national security, energy and environment, health and cybersecurity issues.

August 3, 2012

Newer Posts

Older Posts