WEST HILLS, CALIF. – Westwood Insurance Agency, a QBE FIRST subsidiary, has expanded to 44,436 square feet at the Corporate Pointe in West Hills. The office space is located at 8407 Fallbrook Ave. Westwood has resided at Corporate Pointe for the past eight years. QBE was represented by Dan Sanchez and Gil Ohls of Jones Lang LaSalle. The landlord, Multi-Employer Property Trust, was represented by CBRE. Bentall Kennedy acts as Multi-Employer Property’s real estate advisor.
NASHVILLE, TENN. — The Carothers Building, a four-building, 509,000-square-foot office park in Nashville’s Cool Springs submarket, has traded for $96.1 million. It was built in 1994 for Ford Motor Credit and is now 100 percent leased with tenants Cybera, Community Health Systems and Nissan as well as Ford Motor Credit. J.P. Morgan Asset Management sold the office property to Houston-based The Lionstone Group, a private real estate investment firm. Stewart Calhoun and David Meline of Cushman & Wakefield’s Atlanta office and Don Albright of its Nashville office represented seller J.P. Morgan Asset Management, which purchased the office property in 2006 for $69.75 million.
WEST HILLS, CALIF. – Westwood Insurance Agency, a QBE FIRST subsidiary, has expanded to 44,436 square feet at the Corporate Pointe in West Hills. The office space is located at 8407 Fallbrook Ave. Westwood has resided at Corporate Pointe for the past eight years. QBE was represented by Dan Sanchez and Gil Ohls of Jones Lang LaSalle. The landlord, Multi-Employer Property Trust, was represented by CBRE. Bentall Kennedy acts as Multi-Employer Property’s real estate advisor.
SAN DIEGO – A 69,600-square-foot office building in San Diego has received $6.9 million in permanent financing. The building sits adjacent to the Fashion Valley Mall within the Mission Valley submarket. The 10-year, fixed-rate loan was arranged for a group of private investors by Shaun Moothart of The Alison Company through a correspondent life company.
JACKSONVILLE, FLA. — A four-property office portfolio, totaling 54,000 square feet, has traded in Jacksonville for $1.75 million. Touchstone 9951 JAX LLC sold the portfolio to Mayport, Fla.-based Regency Business Centers. Chuck White of NAI Hallmark Partners represented both parties in the transaction. The four properties are located near the I-295 and Atlantic Boulevard intersection in Jacksonville.
BOSTON — HFF has arranged a $27 million loan for the refinancing of 1249 and 1255 Boylston St., a two-building office and retail portfolio in Boston's Fenway neighborhood. Originally built in the 1920s, both properties were renovated in 1990 and are fully leased. The buildings total 70,330 square feet. Greg LaBine, Porter Terry and Robyn King led the HFF team that represented the borrower, Samuels & Associates, in the transaction. Boston Private Bank & Trust Co. provided the financing.
HOUSTON — Mikob Properties has retained Moody Rambin as the leasing agent for the 78,027-square-foot Eleven Five Eleven building, located at 11511 Katy Freeway in Houston's Energy Corridor submarket. Kurt Kistler of Moody Rambin will handle the leasing assignment.
SAN DIEGO – A 69,600-square-foot office building in San Diego has received $6.9 million in permanent financing. The building sits adjacent to the Fashion Valley Mall within the Mission Valley submarket. The 10-year, fixed-rate loan was arranged for a group of private investors by Shaun Moothart of The Alison Company through a correspondent life company.
DENVER – A 7,500-square-foot office space located at 1390 Lawrence Street in Denver has sold to Gates Family Foundation for $2.3 million. The space is situated within a 31,912-square-foot building. The seller, Hover Building Partners, LLC, was represented by Tim Finholm and Sam Leger of Unique Properties, LLC – TCN Worldwide.
ORLANDO, FLA. — EnTrust Realty Advisors LLC has sold two single-story office buildings totaling 105,457 square feet at Concourse at Quadrangle business park in Orlando to Orlando-based Real Estate Inverlad. The Alter Group developed both properties, which are 91 percent leased, at 3850 and 3862 Quadrangle Blvd. in 2005 and 2006. Tenants include Siemens Corp. and State Farm Mutual Auto Insurance Co. EnTrust Realty Advisors is an affiliate of The Alter Group.