STERLING HEIGHTS, MICH. — BAE Systems has opened a new $58 million office campus in Sterling Heights. The four-story office building houses 600 engineers, program managers and support staff. Construction began on the 164,000-square-foot building in February 2009 after the company acquired the site of the former TRW Automotive Holdings Corp. The office complex will serve as the engineering and development site for military ground vehicles. Detroit-based Walbridge was the general contractor for the project.
BRAINTREE, MASS. — Sentient Jet, a charter company, has signed a long-term lease for 20,783 square feet of office space at Braintree Executive Park in Braintree. Sentient is moving from 97 Libbey Parkway in Weymouth, Mass. and occupancy is scheduled for July 1. The company will occupy the entire fourth floor of 100 Grossman Dr., which will serve as its world headquarters. Tom Kent and Sean Lynch of the Boston office of Jones Lang LaSalle represented the owners, The Grossman Cos. and Dinosaur Capital Partners, in the transaction. They also represented the tenant.
GRAND PRAIRIE — Dry Force has purchased a 65,000-square-foot office/warehouse property, located at 1829 W. Shady Grove in Grand Prairie, which will serve as the company's new headquarters. The 4-building property features 34,000 square feet of office space and 31,000 square feet of warehouse space. The new headquarters will host approximately 50 employees. Pete Richardson and Drew Richardson from Cushman & Wakefield of Texas' Dallas office represented the buyer in the transaction.
DALLAS — Dallas-based Hudson Peters Commercial has been awarded the leasing assignment for the 145,365-square-foot Pyramids Office Tower, a Class A office building located at 9201 N. Central Expy. in Dallas. Sanober Syed and Cincha Ko stman of Hudson Peters Commercial are performing the marketing and leasing duties for the property. The office tower is owned and managed by Healthcare Realty.
SAN DIEGO – VivanTech has signed a 60-month lease for 10,100 square feet at Plaza 2020 in San Diego. The lease is valued at $1.4 million. The new space is located at 2020 Camino Del Rio North. VivanTech was represented by Scot Ginsburg and Damon Melda of Jones Lang LaSalle. The landlord, TA Associates Realty, was represented by Tony Russell and Richard Gonor, also of JLL.
LISLE, ILL. — Duke Realty Corp.'s Chicago office has completed construction of Navistar Inc.'s new corporate headquarters campus in Lisle. The project involved renovating 1.2 million square feet of interconnected buildings and new construction totaling 27,000 square feet. Crews upgraded electrical systems, refurbished building exteriors and added a 15,000-square-foot technology design center. The Navistar project was completed in 12 stages over a one-year period.
ST. LOUIS — Jeff Bucaro of Aries Capital has arranged a $5.8 million permanent loan for Sunset Commons, a Class B office property in St. Louis. An undisclosed life company provided the 10-year loan to the borrower, an affiliate of Arthur Hill & Co. of Evanston, Ill. The loan will replace a maturing CMBS loan issued in 2005. The 77,000-square-foot office property is located east of the I-270 and I-44 Interchange.
PRUSSIA, PA. — Theorem Clinical Research has signed a 29,000-square-foot lease for its new corporate headquarters at Valley Forge Park Place. The building is located at 1061 W. Ninth St. in Prussia. Theorem will move into the new office Aug. 1 from its current location at 630 Allendale Rd. Jim Dugan and Elaine Battaglia of Grubb & Ellis represented the landlord, an affiliate of Keystone Property Group, in the transaction. Taylor Young of Beacon Commercial Real Estate represented the tenant.
HOUSTON — Dallas-based Spire Realty Group has acquired the 342,000-square-foot 1177 West Loop South, an 18-story office tower located in Houston's Galleria submarket. The Class A property is 96 percent leased to tenants including Cornerstone Mortgage Co., Brown Sims and Heritage Texas Properties. The seller was URDANG, a partnership sponsored by Houston-based Griffin Partners.
COPPELL — Archway SCM has leased 90,118 square feet of office/warehouse space, located in KTR's Freeport Crossing Project at 777 Freeport Pkwy. in Coppell. John Lancaster and Rick Medinis of Dallas-based NAI Robert Lynn represented the tenant in the lease transaction. J. Denton Shamburger of Lincoln Property Co.'s Atlanta office represented the landlord.