Office

BROOKDALE COMPLETES TOWERS AT WILLIAMS SQUARE ACQUISITION

by admin January 13, 2012

IRVING — Atlanta-based The Brookdale Group has closed on its acquisition of the 1.4 million-square-foot Towers at Williams Square, an office complex comprised of four Class A buildings located at 5125 N. O'Connor Blvd. in Irving. The Brookdale Group purchased the property through Brookdale Investors Six, the firm's sixth real estate investment fund. The property consists of a 26-story office building, two 14-story office buildings and a five-story building, and it sits on a 16-acre property that fronts Lake Carolyn.

January 13, 2012

TWO OFFICE BUILDINGS TO BE BUILT IN THE WOODLANDS

by admin January 13, 2012

THE WOODLANDS — The J. Beard Real Estate Co. has brokered the sale of a 2.11-acre tract, located in the Village of Alden Bridge at the intersection of Ginger Jar and Kuykendahl Road in The Woodlands. Alden Land Development, a private partnership, purchased the land from The Woodlands Land Development. Two 10,000-square-foot office buildings will be constructed on the site by Everson Developments. The buildings are slated for a August 2012 completion and J. Beard is handling the marketing, sales and leasing of the office buildings.

January 13, 2012

Office Western

WESTPORT BUYS SCOTTSDALE FINANCIAL CENTER II

by admin January 13, 2012

SCOTTSDALE, ARIZ. — Westport Capital Partners LLC has purchased Scottsdale Financial Center II in Scottsdale for an undisclosed sum. The Class A, 150,000-square-foot office building is located at 4141 N. Scottsdale Road. The center is currently 71 percent leased to Coventry Health Care. Jones Lang LaSalle’s Jim Sadler, Dennis Desmond and Brian Ackerman represented the seller. JLL’s Harry Klaff also represented Coventry, the building’s primary tenant, in the lease transaction.

January 13, 2012

Office Southeast

C&W ARRANGES SALE OF 56 PERIMETER CENTER EAST OFFICE

by admin January 12, 2012

ATLANTA — Cushman & Wakefield has negotiated the sale of the 94,839-square-foot 56 Perimeter Center East, an office building located in Atlanta. Stewart Calhoun, David Meline, Samir Idris and Casey Masters of Cushman & Wakefield's Atlanta office represented Rubenstein Partners, the seller, in the transaction. The buyer was The Simpson Organization.

January 12, 2012

Office Southeast

WYNDHAM VACATION OWNERSHIP SIGNS 230,000-SQUARE-FOOT LEASE

by admin January 12, 2012

ORLANDO, FLA. — Wyndham Vacation Ownership has signed a 230,000-square-foot lease at Sea Harbor Office Center, located at 6277 Sea Harbor Dr. in Orlando. David Chapin of Jones Lang LaSalle's Orlando office represented Lexington Realty Trust, the landlord, in the transaction. John Wanamaker of Orange City, Fla.-based Coldwell Banker Commercial/AI Group represented the tenant.

January 12, 2012

Midwest Office

ACCO BRANDS LEASES 189,092 SQUARE FEET IN SUBURBAN CHICAGO OFFICE PARK

by admin January 12, 2012

LONG GROVE, ILL. — ACCO Brands Corp. has signed a 189,092-square-foot lease at Kemper Lakes Business Center, a 1.1 million-square-foot, four-building office park located in Long Grove, a northwest suburb of Chicago. ACCO Brands is relocating its headquarters to Four Corporate Drive, a three-story, Class A office building. Kemper Lakes encompasses 164 acres and is situated between two lakes and overlooks the Kemper Lakes Golf Course. Philadelphia-based BPG Properties Ltd. (BPG), which serves as the asset manager for the property, has completed more than $35 million in capital improvements, including a complete redevelopment of the parking area, new exterior entries, new interior lobbies and enhanced landscaping. Dave Florent and Steve Kling of the Chicago office of Colliers International represented the landlord in the transaction. Lou Hall of the Chicago office of Cushman & Wakefield represented ACCO Brands.

January 12, 2012

Northeast Office

AUTOLIV SELECTS MARGULIES PERRUZZI FOR EXPANSION

by admin January 12, 2012

LOWELL, MASS. — Autoliv has selected Margulies Perruzzi Architects to provide space planning and interior design services for its 60,000-square-foot expansion, located at 1001 Pawtucket Blvd. in Lowell. Autoliv currently occupies 20,000 square feet of space. The expansion will include 30,000 square feet of office space with workstations, conference rooms and open work areas, as well as 30,000 square feet of production, engineering and testing space, including ground-floor space for vehicle testing. Winstanley Enterprises owns the building.

January 12, 2012

Office Texas

SPERRY VAN NESS BROKERS $1.35 MILLION SALE OF METRO OFFICE PARK

by admin January 12, 2012

OKLAHOMA CITY — Sperry Van Ness/ William T. Strange & Associates has arranged the $1.35 million sale of the 60,654-square-foot Metro Office Park, a six-building office property located at 4300 Highline Blvd. in Oklahoma City. Zach Martin of Sperry Van Ness' Oklahoma City office represented the seller, G.D. Madden, in the transaction. Scott Pickens of Oklahoma City-based Total Realty Services represented the buyer, Appian Properties. The property has been on the market for more than 2 years and currently has approximately 30 percent occupancy.

January 12, 2012

Office Western

TOPCORN EXPANDS IN LIVERMORE

by admin January 12, 2012

LIVERMORE, CALIF. — Topcon Positioning Systems (TPS) has signed a long-term lease for 30,000 square feet at 7901 National Drive in Livermore. This will allow TPS to expand its headquarters. The two-story office building was completed in 2007. TPS was represented by Mark Triska and Ned Wood of Colliers International. The building’s landlord, Bear Properties, LLC, was represented by Adam Ebner and Mark Kol of CBRE.

January 12, 2012

Office Southeast

JOSS REALTY PARTNERS SELLS D.C. OFFICE BUILDING FOR $28.8M

by admin January 11, 2012

WASHINGTON, D.C. — New York City-based JOSS Realty Partners has sold the 88,074-square-foot 2131 K. Street N.W., an office building located in Washington, D.C.'s CBD, for $28.8 million. The 8-story building is 90 percent leased to tenants including George Washington University Hospital, Cardiology Associates, Atlantic Services Group, The George Washington University's National Health Policy Forum and Gambro Healthcare (Davita). Transwestern represented the seller in the transaction.

January 11, 2012

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