CAMBRIDGE — Pegasystems has opened their new corporate headquarters at One Rogers Street in Cambridge. The technology company signed a 12-year lease for 162,000 square feet on the fourth, fifth and sixth floors of the property. One Rogers Street is a 252,000-square-foot Class A office building that adjoins One Charles Park. It features modern design and views of the Charles River. Jones Lang LaSalle represented the building owner, Principal Global Investors, in the transaction.
RICHARDSON — Newport Beach, Calif.-based KBS Strategic Opportunity REIT has signed six new and expansion leases totaling 29,066 square feet in its Palisades Central II, a 16-story office tower located in Richardson. Farmer, Fuqua & Huff signed a new lease for 8,087 square feet, and Swalm & Associates signed a 1,978-square-foot lease. Duke Biggers of Swearingen Realty Group represented both firms in the lease transactions. GXS Inc. has signed a new 10,086-square-foot lease, and Brian Whittington of Cresa's Dallas office represented GXS. FCCI Insurance Group has leased 5,292 square feet, and Doug Carignan of Jones Lang LaSalle represented FCCI. Richard M. Witmer has leased a 2,041-square-foot suite and was self-represented in the transaction. American Energy Partners has expanded its lease by 1,665 square feet to occupy 6,073 square feet. American Energy Partners represented itself in the lease transaction. Sarah Catherine Norris and Mark Jordan of JP Realty Partners represented the landlord, KBS, in all six lease transactions.
DALLAS — Newmark Grubb Knight Frank has leased 14,000 square feet of office space at the 173,000-square-foot Chateau Plaza, an office building located at 2515 McKinney Ave. in uptown Dallas. Sarah Erickson and Tommy Nelson of Stream Realty represented the landlord, JPMorgan, in the lease transaction. Newmark Grubb Knight Frank was self-represented by Seth Weinstein.
CHANDLER, ARIZ. – Chandler Corporate Center, a 67,500-square-foot, Class A office building, has received $6.4 million in acquisition financing. The building is fully occupied by three tenants. Financing was arranged by Tim Storey and George Mitsanas of Newmark Realty Capital through a life insurance company.
BEVERLY HILLS, CALIF. – A 120,000-square-foot, Class A office building that resides within the Golden Triangle of Beverly Hills has sold to Clarion Partners for $80 million. The Golden Triangle is a high-end retail, dining and hospitality district. The fully occupied building is located at 100 N. Crescent Drive.
LOS ANGELES – A 151,029-square-foot, Class A entertainment office complex known as Tribeca West has sold to Kilroy Realty Corp. for $73 million. The property is located at 12233 W. Olympic Blvd. in Los Angeles. It is 97 percent leased. Notable tenants include Disney, HBO & NBC studios. Bob Safai of Madison Partners represented both the buyer and the seller, Ocean West Capital Partners, in this transaction.
BEVERLY HILLS, CALIF. – A 120,000-square-foot, Class A office building that resides within the Golden Triangle of Beverly Hills has sold to Clarion Partners for $80 million. The Golden Triangle is a high-end retail, dining and hospitality district. The fully occupied building is located at 100 N. Crescent Drive.
LOS ANGELES – A 151,029-square-foot, Class A entertainment office complex known as Tribeca West has sold to Kilroy Realty Corp. for $73 million. The property is located at 12233 W. Olympic Blvd. in Los Angeles. It is 97 percent leased. Notable tenants include Disney, HBO & NBC studios. Bob Safai of Madison Partners represented both the buyer and the seller, Ocean West Capital Partners, in this transaction.
LOS ANGELES – Ultimate Off Price has signed a 10-year lease for 41,328 square feet in Downtown Los Angeles. The space is located at 1615 E. 15th Street in the city’s garment district. The lease, which will commence in January 2013, is valued at $3.56 million. Ultimate Off Price was represented by Jerry Sackler of Daum Commercial’s Downtown office. The landlord, Western States Technologies, was represented by Jeff Thompson of the same office.
ATLANTA — Boca Raton, Fla.-based Crocker Partners has acquired the 18-story, 432,000-square-foot Class A Prominence office building in Atlanta’s Buckhead submarket for $105 million. Crocker Partners owns and manages approximately 2.5 million square feet of office space in the Atlanta market. “Our strategy focuses on top-tier assets in second-tier cities,” says Tom Crocker, managing partner with Crocker Partners. TIAA-CREF and Equity Office Properties sold the property, which was under contract this past summer.
