HOUSTON — Moody Rambin Investment Services has brokered the sale of the 3,300-square-foot 1017 Heights Blvd., an office building located in Houston's Historic Heights neighborhood. Christopher Dray of Moody Rambin's Houston office represented the seller, the Law Offices of Jed Silverman, in the transaction. The buyer was Johnson, Johnson, and Baer, P.C.
DALLAS — Orlando, Fla.-based CNL Commercial Real Estate has been chosen as the property management provider for the 170,000-square-foot Old Parkland, an office property comprised of four buildings located at 3819 Maple Ave. in Dallas. An affiliate of Crow Holdings acquired the property in 2006 and reopened it in 2009. The property was designated a Dallas Historic Landmark in 1987.
MISSION VIEJO, CALIF. — The 52,091–square-foot Mission Foothills Professional Building in Mission Viejo has sold to Providence Mission Foothills for $6.5 million. Providence plans to lease the vacant space inside the Class A office building. The company was represented by Stan Tomer of CBRE. Dan Vittone, Alan Pekarcik and Tim Walker of Voit’s Irvine, Calif., office represented the seller, special servicer Orix Capital Markets, LLC.
PLEASANTON, CALIF. — Axis Community Health has purchased 5925 W. Las Positas Blvd., a 24,188-square-foot office flex building in Pleasanton. The building was previously occupied by DirectBuy.com. This purchase represents an expansion for Axis, which is relocating their health center and headquarters from its current location on nearby Railroad Avenue. Mark Triska of Colliers International represented Axis. Anton Qui with TRI Commercial represented the seller, Cathay Bank.
RICHMOND, VA. — The 285,846-square-foot former Best Products office building, located at 1400 Best Plaza Dr. in Richmond, has been sold for $6.22 million. Paul Silver, Mark Douglas and Suzanne White of Cushman & Wakefield/Thalhimer's Richmond office represented Metropolitan Life Insurance Co., the seller, in the transaction. The buyer was the County of Henrico.
MILWAUKEE — Inland Construction was selected to renovate the lobby of the 60,000-square-foot Blatz Wash House office building, located at 1101 N. Market St. in Milwaukee. Inland will also covert the lower level space into underground parking. The projects total 19,760 square feet and are slated for completion in January 2012.
BEVERLY, MASS. — Woburn, Mass.-based Cummings Properties has purchased a 103,000-square-foot office building in Beverly for $2.3 million. The four-story building was built in the 1980s as the headquarters for Parker Brothers Co. Peter Richardson of Jones Lang LaSalle represented the seller, Wight & Co., in the transaction. Cummings Properties was self-represented.
DALLAS — Plano-based Priority Fulfillment Services has leased 78,060 square feet of office space at Renaissance Tower, located at 1201 Elm St. in downtown Dallas, from Binyan Realty. Dennis Barnes, Celeste Fowden and Clay Gilbert of CBRE's Dallas office represented the landlord in the lease transaction. Rick Hughes of Cushman & Wakefield's Dallas office represented the tenant.
WASHINGTON, D.C. — A joint venture between New York City-based The Rockefeller Group and New York City-based Mitsubishi Estate New York has acquired a 347,608-square-foot office building, located at 1100 First St. NE in Washington, D.C., from Eastdil Secured. According to CoStar, the sale price was $180 million. The 12-story building is LEED Gold certified, and is 95 percent leased to tenants including the Department of Veterans Affairs, the Federal Energy Regulatory Commission and Mathematica Policy Research. Both parties were self-represented in the transaction.
WOODLAWN, MD. — The 363,674-square-foot Rutherford Business Park, a 13-building office portfolio located in Woodlawn, has been sold for $32.5 million. The buildings include 7102, 7104, 7106, 7108, 7125, 7127, 7129, 7131 and 7210 Ambassador Rd.; 15, 17 and 21 Governor's Ct.; and 7152 Windsor Blvd. Jonathan Carpenter and James Wellschlager of Cassidy Turley's Baltimore office represented the seller, Columbia, Md.-based Corporate Office Properties Trust, in the transaction. The buyer, a joint venture between Chicago-based Blue Vista Capital Partners and Maryland-based CSG Partners, was self-represented.
