ORANGE, CALIF. — A 10,000-square-foot office building located at 1010 West Chapman Ave. in Orange has sold to a team of private investors from Santa Ana, Calif., for an undisclosed sum. The building was 40 percent leased at the time of sale. The buyer was represented by Juve Pinedo of Rancon Real Estate. The seller, a private investor, was represented by Chris Deason of Voit Real Estate Services.
ATLANTA — Duke Realty Corp. has executed a lease agreement with Kuehne + Nagel for a 211,000-square-foot build-to-suit office and warehouse distribution building, located at 4100 N. Commerce Drive in Atlanta at Duke Realty's Camp Creek Business Center. The property will serve as Kuehne + Nagel's North American headquarters. The tenant was represented by Bayne Porter of CBRE in the transaction, and the landlord was self-represented by Wes Hardy. Completion is slated for the second quarter of 2013.
FORT LAUDERDALE, FLA. — Winthrop Realty Trust has acquired a first mortgage loan for a 326,000-square-foot office and retail building, located in Fort Lauderdale. The loan, which is currently in maturity default, has an outstanding balance of approximately $44.9 million and was purchased for $42.8 million.
ROSEMONT, ILL. — World Kitchen LLC has leased 55,000 square feet for its world headquarters in Rosemont. The housewares company will occupy space at Columbia Centre III, located at 9525 West Bryn Mawr Ave. David Kimball, Pamela Rose and Jay Beadle of MB Real Estate represented World Kitchen in the transaction. Tom Saletta of Saletta Commercial Realty represented the landlord.
NEW YORK CITY — The Family Center has signed a lease for 10,500 square feet of office space at 1295 Fulton St. in Brooklyn. The site will house a new Central Brooklyn mental health clinic, scheduled to open in September. Timothy King, David Muessel and Nicholas Hector of CPEX represented the landlord, Ash Unlimited, in the transaction. Carri Lyon of Cushman & Wakefield represented the tenant.
BOSTON — Neoscape, a creative design agency, has signed a 13,000-square-foot lease at 21-25 Drydock Ave. in Boston. Tim Howe and Tim Lyne of CBRE – N.E. Partners LP represented the landlord, Millennium Partners, in the transaction. Bill Barrack and Ben Heller of Jones Lang LaSalle represented the tenant.
RICHARDSON — CapLease Inc. has purchased a 318,000-square-foot office complex in Richardson for $46 million. The two-building, Class A office complex includes tenants such as an AT&T affiliate and MetroPCS Wireless. CapLease is expecting to receive a $20 million first mortgage loan with a 10-year term for the acquisition.
TEMECULA, CALIF. — Madison Avenue Plaza, a two-building, 66,859-square-foot office project in Temecula, has sold to Providence Capital Speed Fund II for $5,825,000. The property is located at 27270-27290 Madison Ave. Providence was represented by Stan Tomer of CBRE. The seller, LNR Partners, LLC, was represented by Paul Lafrenz, Paul Komadina and Melissa Foster of the CBRE San Diego Private Capital Group, along with Dan Yeilding, also of CBRE.
CHARLESTON, S.C. — Holder Properties has started construction on the 75,000-square-foot Faber Pointe, a Class A office building located in The Executive Park at Faber Place in Charleston. Warner Summers designed the building and Integra Construction Co. is the general contractor. The building will be ready for tenants by year's end.
MARLBOROUGH, MASS. — Weetabix has signed a lease for 14,907 square feet of office space at the Marlborough Technology Park. Weetabix, a United Kingdom-based breakfast cereal manufacturer, will relocate to 300 Nickerson Rd. from Clinton, Mass. John Lashar, Paul Leone and Samantha Howell of Richards Barry Joyce & Partners LLC represented the landlord, Normandy Real Estate Partners, in the transaction. Jones Lang LaSalle represented the tenant.