Office

JLL BROKERS SALE OF OFFICE BUILDINGS

by admin February 10, 2012

HOUSTON — Jones Lang LaSalle has arranged the sale of two Class A office buildings, located at 4119 and 4203 Montrose in Houston, and an adjacent red brick home converted to an office property totaling 83,764 square feet. The properties are fully leased and have been for the past 4 years. Rudy Hubbard and Leah Gallagher of Jones Lang LaSalle's Houston office represented the seller, Hansen Partners, in the transaction. Equitas Commercial Real Estate Holdings, the buyer, has retained Hansen Partners to manage and lease the properties.

February 10, 2012

HFF ARRANGES $33M FOR PROMINENT POINTE I & II

by admin February 10, 2012

AUSTIN — HFF has arranged $33 million in acquisition financing for Prominent Pointe I and II, two office buildings totaling 261,243 square feet located at 8310 Capital of Texas in Austin. The properties are a combined 90.6 percent occupied. Doug Opalka of HFF's Austin office arranged the financing through a national life insurance company on behalf of the borrower, San Francisco-based Divco West Acquisitions. Chad Barrett and Bart Matheny of Austin-based AQUILA Commercial arranged the acquisition on behalf of the seller, Aspen Properties.

February 10, 2012

Northeast Office

JONES LANG SECURES $32M IN PERMANENT FINANCING FOR CLASS A OFFICE BUILDING

by admin February 9, 2012

WAREN, N.J. — Jones Lang LaSalle Capital Markets has arranged $32 million in permanent financing for 30 Independence Blvd. on behalf of an affiliate of Beacon Capital Partners. The 210,524-square-foot Class A office building in Warren is fully leased to Verizon Wireless. Wes Boatwright, Jon Goldstein, Mike Yavinksy and Dustin Stolly of Jones Lang LaSalle led the team that secured the loan through Sovereign Bank.

February 9, 2012

Northeast Office

SAVANNA RELAUNCHES 80 BROAD ST. IN MANHATTAN

by admin February 9, 2012

NEW YORK CITY — The $19 million renovation of 80 Broad St. in Manhattan's Financial District is complete and owner Savanna has put the property back on the market. The 417,000-square-foot, multi-tenant office building includes a renovated lobby with enhanced lighting and modernized elevators. Savanna acquired the property in September 2011, but took it off the market to begin the capital improvement project. About 150,000 square feet of office space is currently available.

February 9, 2012

Office Texas

LINKAMERICA TO OPEN NEW OFFICE

by admin February 9, 2012

FORT WORTH — Tulsa, Okla.-based LinkAmerica has plans to open a 24,000-square-foot corporate office and training center in CentrePort Business Park, located at 4400 Amon Carter Blvd. in Fort Worth. The new office is slated for a March 2012 opening.

February 9, 2012

Midwest Office

GENERAC POWER TO REMODEL, EXPAND HEADQUARTERS

by admin February 8, 2012

WAUKESHA, WIS. — Generac Power Systems, a manufacturer of backup power generation equipment, plans to commit up to $6 million to expand and remodel its headquarters in Waukesha. Additionally, the company will spend up to $4 million in upgrades and to create a technical center. The company employs more than 550 people at its headquarters and plans to add more than 200 new jobs in the next three years. The project will convert about 27,500 square feet of manufacturing space into office space and add 3,300 square feet for a new main entrance. The renovation is expected to be complete by the end of 2013.

February 8, 2012

Midwest Office

INLAND COMPLETES 16,000 SQUARE FOOT OFFICE PROJECT

by admin February 8, 2012

MILWAUKEE — Inland Construction has completed a 16,000-square-foot office renovation project for Forrer Business Interiors, a workspace design company, located at 555 Estabrook Blvd. in Milwaukee. The project was completed in January.

February 8, 2012

Northeast Office

BIOMED AGREES TO BUY CAMBRIDGE PLACE FOR $119M

by admin February 8, 2012

CAMBRIDGE, MASS. —BioMed Realty Trust has agreed to acquire Cambridge Place, a three-building complex totaling 287,000 square feet in Cambridge, for $119 million. The property is 80 percent leased. Tenants include CDM Smith, a full-service engineering and construction firm, and Idenix Pharmaceuticals, a biopharmaceutical company. When completed, the transaction will expand BioMed's real estate portfolio in the greater Boston-Cambridge market to approximately 3.2 million square feet.

February 8, 2012

Northeast Office

MAJOR EDUCATION TEXTBOOK COMPANY TO MOVE OPERATIONS TO HOBOKEN

by admin February 8, 2012

HOBOKEN, N.J. — Pearson Education, an education textbook company, has signed a 200,000-square-foot lease for its new headquarters in downtown Hoboken. The company will occupy five floors of the Waterfront Corporate III building, which SJP Properties is building. Pearson had planned to move its operations in Upper Saddle River and Old Tappan, N.J. to New York. The company is reported to receive an Urban Transit Hub tax credit of about $66 million for keeping 900 jobs in northern New Jersey. Waterfront Corporate is slated for completion in 2014. Person will begin its relocation the same year.

February 8, 2012

Office Texas

HFF BROKERS THE PLAZA AT ENCLAVE SALE

by admin February 8, 2012

HOUSTON — HFF has arranged the sale of the 344,295-square-foot The Plaza at Enclave, a Class A office building located at 1254 Enclave Pkwy. in Houston's Energy Corridor. The property is fully leased to Dow Chemical Co., Ridgewood Energy, Petrofac and HRT America. Dow is leasing 86 percent of the property. The building is LEED Gold certified and features a 1,434-space parking garage. Dan Miller, Rusty Tamlyn and Trent Agnew of HFF's Houston office represented the sellers, Core Real Estate and BayNorth Capital, in the transaction. Matt Kafka and Wally Reid, also of HFF's Houston office, arranged acquisition financing for the buyer, an affiliate of Tel Aviv, Israel-based Azrieli Group.

February 8, 2012

Newer Posts

Older Posts

Upcoming Events

Jun
25