Office

OPUS BUILDS FREIGHTQUOTE.COM HEADQUARTERS

by admin September 21, 2012

KANSAS CITY, MO. — Opus Design Build is constructing a new 200,000-square-foot headquarters building for Freightquote.com in Kansas City. The nation's largest online shipping broker, Freightquote is relocating to Kansas City from its current location in Lenexa. The property will be located on a 30-acre site south of St. Joseph Hospital and offer access to Interstate 435. Construction is slated for completion in June 2013. Opus AE Group is the project architect and VanTrust Real Estate is providing development services.

September 21, 2012

EMANON SECURES $4.8M REFINANCING LOAN

by admin September 21, 2012

PROVIDENCE, R.I. — Washington Trust's Commercial Real Estate Group provided a $4.8 million loan for the refinancing of The Gardner Building at 40 Fountain St. in Providence. Emanon Associates has owned the 75,000-square-foot office property for more than 20 years. The building was constructed in 1916 and originally housed the R.L. Greene Paper Co.

September 21, 2012

Northeast Office

HARBOR GROUP UPGRADES BROADWAY PROPERTY, RELOCATES OFFICE

by admin September 21, 2012

NEW YORK CITY — Harbor Group International has completed a $10 million renovation of 1412 Broadway and moved its New York offices to the 14th floor of the 25-story office tower. The company purchased the building in 2010 and recent upgrades include new windows, lobby, corridors and restrooms. Specter DeSouza Architects designed the project. Tenants at the property include Jones New York, One Step Up and Escada USA.

September 21, 2012

Office Texas

NORTHMARQ ARRANGES LOAN FOR PINES CROSSING

by admin September 21, 2012

THE WOODLANDS — NorthMarq Capital has secured first mortgage acquisition financing for the 19,663-square-foot Pines Crossing Office Building, located in The Woodlands. Warren Hitchcock of NorthMarq's Houston office arranged the 10-year loan with a 25-year amortization schedule through a life insurance company.

September 21, 2012

Office Western

CENTERPOINT CORPORATE PARK IN KENT SELLS FOR $46.25M

by admin September 21, 2012

KENT, WASH. — CenterPoint Corporate Park in Kent has sold to Fountainhead Northwest for $46.25 million. The 435,937-square-foot office campus is located on 72nd Avenue South. Mike George and Nick Fletcher of NAI Puget Sound Properties represented the seller, a joint venture between AEW and Unico Properties, in the transaction.

September 21, 2012

Office Southeast

ROCKROSE TO BUY D.C. OFFICE BUILDING FOR $55M

by admin September 20, 2012

WASHINGTON, D.C. — Rockrose Development Corp. has entered into an agreement to acquire a 112,687-square-foot office building, located at 1900 M Street NW in Washington, D.C., for $55 million. The property is 89 percent leased. Tenants include Levick Strategic Communications, Sherman Meehan and State Farm Insurance. Gerald Trainor of Transwestern is representing the seller in the transaction. Rockrose is self-represented by Craig Deitelzweig.

September 20, 2012

Office Southeast

KENDAR OFFICE BUILDING SELLS FOR $10.3M

by admin September 20, 2012

CORAL GABLES, FLA. — Tamarindo has acquired the 50,000-square-foot Kendar Office Building, located at 1550 Madruga Ave. in Coral Gables, from Kenneth Rosen for $10.3 million. The property is 97 percent leased. Edmund Mazzei of Mazzei Realty Services represented the seller in the transaction. Ben Silver of Marcus & Millichap, along with Pilar Pulido of The Keyes Company, represented the buyer in the transaction.

September 20, 2012

Office Southeast

UN FOUNDATION SIGNS 85,000 SF LEASE

by admin September 20, 2012

WASHINGTON, D.C. — The United Nations Foundation has signed an 85,000-square-foot office lease, located at 1750 Pennsylvania Ave. NW in Washington, D.C. The foundation, which currently operates in two locations, will expand and consolidate its operations in its new location in January 2014. Tina Weaver of CBRE Group represented the tenant in the lease transaction. Brendan Owen of Vornado represented the landlord.

September 20, 2012

Midwest Office

STAFFING FIRM TAKES SPACE IN CHICAGO

by admin September 20, 2012

CHICAGO — Staffing firm Creative Circle has signed a lease for 7,128 square feet of office space on the 14th floor of 330 N. Wabash in Chicago. The initial term of the lease spans more than five years and begins March 1, 2013. With the Creative Circle lease, 330 North Wabash is 89 percent leased. The building, which is owned by a joint venture between subsidiaries of Prime Group Realty Trust, is currently undergoing a renovation that include a new fire safety system, restrooms and elevator cab upgrades. Allen Rogoway of Cresa Partners Chicago and Carlo Brignardello of Cresa Partners Los Angeles represented the tenant in the transaction. PGRT was self-represented by Seven Baron.

September 20, 2012

Office Texas

BEHRINGER HARVARD TO DEVELOP OFFICE TOWER

by admin September 20, 2012

HOUSTON — Behringer Harvard REIT has plans to develop the 332,000-square-foot Two BriarLake Plaza, a 12-story office tower that will be located on a 1.5-acre site at the corner of West Sam Houston Parkway and Briar Forest Drive in Houston's Westchase District. The office building will be located on top of a seven-level parking structure. The office tower is 50 percent pre-leased to Samsung Engineering and is designed to LEED Core and Shell certification. The office tower will feature a deli, fitness center and conference center. Lucian Bukowski and Garrold Parratt of Jones Lang LaSalle represented Samsung in the lease transaction. Brian McMackin and Clint Bawcom of Cassidy Turley represented Behringer Harvard. HPT Management Services will manage the office property and Cassidy Turley will provide leasing services. Construction is slated for a first quarter 2014 completion.

September 20, 2012

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