BALTIMORE — CBRE Group has arranged $180 million in permanent financing for the 612,613-square-foot Legg Mason Tower, a Class A office building located at 100 International Drive in Baltimore. The 24-story building serves as the world headquarters for asset management firm Legg Mason. CBRE Group arranged the financing on behalf of the borrower, H&S Properties Development Corp., through Morgan Stanley and Bank of America.
COLUMBUS — Gladstone Commercial Corp. has purchased a 31,293-square-foot office building in Columbus for $4 million. The building is fully leased to Nationwide Children's Hospital (NCH), one of the largest children's hospital systems in the U.S. The property houses administrative personnel that support NCH's 50 medical locations across Ohio.
WOODBRIDGE, N.J. — Eisner Amper, an accounting and tax firm, has signed a lease for 87,000 square feet of office space at MetroTop Plaza II in Woodbridge. The company plans to consolidate staff from several New Jersey offices into the 255,000-square-foot building. The lease term is more than 15 years. Paul Giannone, Kevin Carton and Eric Sobel of Cushman & Wakefield represented the owner, Atlantic Realty & Development Corp., in the transaction. David Simson and Mark Weiss of Newmark Grubb Knight Frank represented the tenant.
CHELMSFORD, MASS. — Spectro Inc. has signed a six-year lease for 27,911 square feet of office space at 1 Executive Drive in Chelmsford. Spectro supplies oil and fuel analysis instruments to industry and military markets. The company will relocate from its current headquarters in Littleton, Mass., this summer. Stephen James and David Gilkie of NAI Hunneman represented the tenant in the transaction. Matt Adams of Cushman & Wakefield represented the landlord, RREEF.
HOUSTON — Frontier Equity has acquired the 286,000-square-foot Kirkwood Tower III, a 15-story, Class A office building located in Houston's Energy Corridor. Frontier purchased the property in a partnership with Amstar Advisers. The property is currently 72 percent leased, and PM Realty Group is handling the office building's leasing activity. HFF assisted Frontier Equity in securing acquisition financing, and Holt Lunsford Commercial will manage the property.
CHARLESTON, S.C. — Holder Properties has broken ground on the $17 million, 52,000-square-foot 174 Meeting Street, a Class A office building located in Charleston. The four-story building will include a CertusBank branch, ATM and parking. Additionally, CertusBank has signed a lease to occupy the second floor. McMillian Pazdan Smith Architecture designed the property, which Trident Construction is building. Completion is slated for April 2013.
CAMBRIDGE, MASS. — EF Education First has selected Skanska as the design-build contractor for its $65 million, 285,243-square-foot new headquarters in Cambridge. The 11-story office building will include a supplementary ground floor, mezzanine space and three levels of above-ground parking. Completion is slated for February 2014.
CAMBRIDGE, MASS. — New Boston Fund has sold the 89,875-square-foot One Alewife Center, a Class A office building located in Cambridge, to Brookwood Financial Partners. Tenants include Basis Technology, Genstruct and Beacon Interactive System, ROI Solutions and CO3 Systems. Chris McMahon and Doug Adamian of Newmark Grubb Knight Frank's Boston office represented the buyer in the transaction. The seller was self-represented.
ENCINO, CALIF. — Barrister Executive Suites has signed a lease renewal for the seventh floor of the Encino Financial Center. The center, which is also known as the City National Bank Building, is located at 16133 Ventura Blvd. in Encino. Barrister has occupied this 18,497-square-foot space since 1977. Barrister was represented by David DeFore from CBRE’s Universal City office. The landlord is Lowe Enterprises.
CHARLOTTE, N.C. — CBRE Group has secured $119.8 million in acquisition financing for the 678,715-square-foot Fifth Third Center, a Class A office building located at 201 N. Tryon St. in Charlotte. The property is 98 percent leased to tenants that include Bank of America, McGuire Woods, Fifth Third Bank and Carousel Capital. Charles Foschini, Christian Lee and Christopher Apone of CBRE Group secured the two-part financing on behalf of the borrower, Miami-based Parmenter Realty Partners. SunTrust provided a three-year loan and Redwood Commercial Mortgage Corp. provided a mezzanine loan.