Office

JV BUYS ONE CITY CENTRE IN HOUSTON

by admin October 19, 2012

HOUSTON — A joint venture between Hallandale Beach, Fla.-based Beacon Investment Properties, Menorah Mivtachim and Psagot has acquired One City Centre, a 609,000-square-foot, Class A office building located at 1021 Main St. in Houston's CBD. Menorah Mivtachim and Psagot are two Israeli financial institutions. The joint venture purchased the 31-story office property from Behringer Harvard. One City Centre is currently 84 percent leased and was recently certified LEED Gold. Tenants include Waste Management and Energy XXI. Beacon also purchased a 560,000-square-foot office portfolio in Houston, Ashford 5, 6 & 7, last month.

October 19, 2012

KDH SECURES CONSTRUCTION FINANCING FOR OFFICE/WAREHOUSE

by admin October 19, 2012

HOUSTON — Q10 Kinghorn, Driver, Hough & Co. (KDH) has arranged construction/permanent financing for a 117,184-square-foot office/warehouse, located at the northeast corner of Heathrow Forest Parkway and Aldine Bender in the Interwood Business Park in Houston. Larry Peters of KDH's Houston office arranged the loan through a middle market bank in Houston on behalf of the borrower, SUHM Spring Works.

October 19, 2012

Midwest Office

TFC BANK SELLS 8,271 SF OFFICE BUILDING IN AURORA

by admin October 18, 2012

AURORA, ILL. — International Transload Logistics has purchased 3675 Darlene Court, an 8,271-square-foot office building in Aurora. The company plans to use part of the building for its corporate offices and lease the remaining space. The building is located in the Meadow Lakes Corporate Park, about five miles south of I-88, and features lake views, a full basement and abundant parking. Jim Adler and Adam Johnson of NAI Hiffman represented the seller, TCF National Bank, in the transaction. John Cash and David Haigh of NAI Hiffman represented the buyer.

October 18, 2012

Northeast Office

IVY REALTY BUYS 420,000 SF STATION PLAZA

by admin October 18, 2012

HICKSVILLE, N.Y. — Ivy Realty has acquired Station Plaza, a two-building, 420,000-square-foot office complex in Hicksville. The property is located at 100, 102 and 110 Duffy Ave., adjacent to the Hicksville LIRR train station. The five-story buildings are 36 percent leased to tenants such as New York Sports Club and Farmers Insurance Group. Andrew Scandalios, Jose Cruz, Kevin O'Hearn and Jeffrey Julien led the HFF team that represented the seller, Duffy HH LLC, in the transaction. HFF also arranged the acquisition financing through Aetena Life Insurance Co. on behalf of the buyer.

October 18, 2012

Office Texas

CROSSTEX ENERGY LEASES 108,525 SF OF OFFICE SPACE

by admin October 18, 2012

DALLAS — Jones Lang LaSalle has secured Crosstex Energy's 108,525-square-foot lease at Crosstex Court, a seven-story corporate office development previously known as Cedar Springs Plaza, located at 2501 Cedar Springs Road in uptown Dallas. Steve Thelen, Jeff Staubach, Torrey Littlejohn and Vince Burt of Jones Lang LaSalle represented the tenant in the lease transaction. Michael Dudley and Hunter Lee of CBRE Group represented the landlord, Caddo Holdings.

October 18, 2012

Office Western

ORBITAL SCIENCES OFFICE BUILDING IN CHANDLER SELLS FOR $19.5M

by admin October 17, 2012

CHANDLER, ARIZ. – An 83,183-square-foot office building in Chandler that is fully leased to Orbital Sciences has sold to Paramount International LLC for $19.5 million. The building is located at 3377 S. Price Road within the Price Corridor. Paramount was represented by Tivon Moffitt of Colliers International. The seller, Gilbane Development Company, was represented by Barry Gabel and Mindy Korth of CBRE’s Phoenix office.

October 17, 2012

Office Southeast

CLARION PARTNERS ACQUIRES OFFICE PARK FOR $36.2M IN DURHAM, N.C.

by admin October 17, 2012

DURHAM, N.C. — New York-based Clarion Partners, a real estate investment manager, has acquired Palladian I and Palladian II, a two-building suburban office park in Durham, for $36.2 million on behalf of Brown Brothers Harriman (BBH) Real Estate Income Fund II. Both four-story office buildings were built between 2005 and 2007, and each has more than 100,000 square feet of office space. The properties are located at the intersection of I-40 and Route 54 with access to the Raleigh-Durham International Airport and the Research Triangle Park.

October 17, 2012

Office Texas

CIELO BUYS OFFICE PROPERTY IN HARLINGEN

by admin October 17, 2012

HARLINGEN — Austin-based Cielo Realty Partners has purchased a 40,000-square-foot office building, located at 2200 Haine Drive in Harlingen. Cielo plans to begin renovating the property immediately. Brandon Beason of Edge Realty and Connie de la Garza of Bahnman Realty represented the seller in the transaction. The buyer was self-represented.

October 17, 2012

Office Texas

MAXIM SELLS OFFICE/FLEX BUILDING IN FARMERS BRANCH

by admin October 17, 2012

FARMERS BRANCH — Maxim Integrated Products has sold its 20,350-square-foot office/flex building, a single-story property located at 4220 Beltwood Parkway in Farmers Branch. The disposition is the first of 13 vacant properties that Maxim is planning to sell following the company's acquisition of Dallas Semiconductor Corp. in 2001. Maxim now occupies a new 138,000-square-foot Class A property. Leigh Richter and Jason Miller of Bradford Commercial Real Estate Services are representing the seller for all 13 dispositions, either on an individual or bulk basis. Brian Pafford, also of Bradford, represented the buyer, ACMC Ventures LLC, in the transaction.

October 17, 2012

Office Western

ORBITAL SCIENCES OFFICE BUILDING IN CHANDLER SELLS FOR $19.5M

by admin October 17, 2012

October 17, 2012

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