Office

LAW FIRM LEASES TOP STORY OF ADOLPHUS TOWER

by admin March 2, 2012

DALLAS — Mathis Donheiser & Jeter, a Dallas-based law firm, has leased the entire 26th floor — approximately 7,236 square feet — of the Adolphus Tower, located at 1412 Main St. in Dallas. The new office features hardwood finishes, custom cabinetry, a conference room and a kitchenette. The law firm will move into its new office once construction is complete, tentatively set for early this month. Carla Machulis of Henry S. Miller's Dallas office represented the landlord in the lease transaction. Craig Wilson and Dan Harris of Cassidy Turley's Dallas office represented the tenant.

March 2, 2012

CAPITOL CITY BUSINESS CENTER SELLS FOR $31M

by admin March 2, 2012

SALEM, ORE. — Capitol City Business Center in Salem has sold to an institutional owner for nearly $31 million. The 233,358-square-foot office building is located at 4600 25th Ave. NE. Buzz Ellis, Michel Seifer, Paige Morgan and Aaron Herter of Jones Lang LaSalle’s Capital Markets team represented Angelo Gordon and Meriwether Partners on this transaction.

March 2, 2012

Office Southeast

FRES ARRANGES OFFICE SALE FOR $16.1M

by admin March 1, 2012

WESTON, FLA. — Coral Gables, Fla.-based Flagler Real Estate Services (FRES) has arranged the $16.1 million sale of a portfolio of two office buildings, located at 2000 and 2002 Ultimate Way in Weston. The properties, which total 61,624 square feet, are the corporate headquarters for Ultimate Software. David Duckworth of Coral Gables, Fla.-based FRES represented the sellers, TP Eight & TP Nine, in the transaction. The buyers were Sterling Investments I and Sterling Investments II.

March 1, 2012

Office Texas

KELLER WILLIAMS TO RELOCATE

by admin March 1, 2012

HOUSTON — Keller Williams Realty Metropolitan has plans to relocate its Houston corporate office to the entire second floor — approximately 19,000 square feet — of 5050 Westheimer Road, a 71,000-square-foot Class A office property in Houston's Galleria/Uptown District. More than 300 real estate agent will be based in the property, which will serve as a training facility. The relocation is slated for June 2012. Kyle Drake and Matt Moake of Houston-based Drake Realty Group, a member of KW Commercial, represented the tenant in the transaction. The landlord is Black Forest Ventures.

March 1, 2012

Office Southeast

OFFICE BUILDING SELLS FOR $10.8M

by admin February 29, 2012

FORT LAUDERDALE, FLA. — Nipro Diagnostics has purchased a 78,339-square-foot office property, located at 220 W. Cypress Creek Rd. in Fort Lauderdale, from Cypress Creek Holding for $10.8 million. The buyer will occupy the entire building as its corporate headquarters. Kimberly Barbar of Fort Lauderdale-based Stiles Realty represented the seller in the transaction. Steve Wasserman of Jones Lang LaSalle's Fort Lauderdale office represented the buyer.

February 29, 2012

Midwest Office

JONES LANG LASALLE MARKETS 150 N. MICHIGAN FOR SALE IN CHICAGO

by admin February 29, 2012

CHICAGO — The 661,4770-square-foot office building located at 150 N. Michigan Ave. is for sale in Chicago. Bruce Miller, James Postweiler and Nooshin Felsenthal of the Chicago office of Jones Lang LaSalle are marketing the property on behalf of SEB Investment. The property is currently 77 percent leased. In 2011, Crain Communications selected 150 N. Michigan as the new home for its Chicago offices. Crain leased 65,487 square feet and the tower will be renamed the Crain Communications Building when the media company takes occupancy this April.

February 29, 2012

Northeast Office

MATHWORKS RENEWS, EXPANDS MASSACHUSETTS LEASE

by admin February 29, 2012

NATICK, MASS. — MathWorks Inc. has renewed and expanded its lease at 24 Prime Park Way in Natick. MathWorks, which specializes in mathematical computer software, expanded to 40,000 square feet, adding 22,000 square feet of space on the second floor. Garry Holmes of the Wayland, Mass. office of R.W. Holmes Realty Co. represented MathWorks in the transaction. Craig Johnson of R.W. Holmes represented the landlord, LMF Cochituate Corp.

February 29, 2012

Office Texas

DIGITAL REALTY ACQUIRES DATA CENTER, OFFICE FOR $123M

by admin February 28, 2012

LEWISVILLE — Digital Realty Trust has purchased an 819,000-square-foot data center and office campus, located at Convergence Business Park in Lewisville, for $123 million. The 10-property campus spans 168 acres and is 99 percent leased to eight tenants that use the space for either data center or office purposes. The property has a capability of adding up to 700,000 square feet of new development.

February 28, 2012

Office Texas

CYRUSONE COMPLETES DATA CENTER EXPANSION

by admin February 28, 2012

HOUSTON — Houston-based CyrusOne has completed the 30,000-square-foot expansion of the Houston Data Center, located at 5555 San Felipe St. in Houston. The property is certified LEED Silver and is located adjacent to an existing data center owned by CyrusOne.

February 28, 2012

Office Southeast

OCHSNER SIGNS 79,001 SF LEASE

by admin February 27, 2012

NEW ORLEANS — Ochsner Health Foundation has signed a 79,001-square-foot lease at the 487,760-square-foot Benson Tower, a 26-story office building located at 1450 Poydras St. in New Orleans. Michael Siegel and Colleen Berthelot of New Orleans-based Corporate Realty represented Zelia, the landlord, in the lease transaction. The tenant was self-represented by Bill Ward and Jason Ruggles.

February 27, 2012

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