Office

TCC, PREI ACQUIRE FUTURE OFFICE BUILDING SITE

by admin April 13, 2012

HOUSTON — Trammell Crow Co. (TCC) and Principal Real Estate Investors (PREI) have purchased an 18.9-acre site, located at the southwest corner of Interstate 10 and North Eldridge Parkway in Houston's Energy Corridor. The site will be the home of a multi-phase development that will include up to 1.5 million square feet of Class A office space. The first phase will be a 530,000-square-foot office building and a nine-level, free-standing parking garage. Amenities will include a double-height lobby, a fitness center, a conference center and a dining facility. Houston-based Kirksey Architects is designing the property to achieve LEED Gold certification. Construction is slated to begin late 2012 with a late 2014 delivery. Aaron Thielhorn, Kevin Schmok and Brandon Houston of TCC's Houston office will lead the development team.

April 13, 2012

NAI ROBERT LYNN BROKERS 307,745 SF LEASE

by admin April 13, 2012

ARLINGTON — Dallas-based NAI Robert Lynn has arranged a 307,745-square-foot lease of office/warehouse space, located at 3000 E. Pioneer Parkway in Arlington. Craig Jones of NAI Robert Lynn represented the tenant, Automotive Parts Distribution International, in the lease transaction. Canon Green and Bates Arnot of Stream Realty's Dallas/Fort Worth office represented the undisclosed landlord.

April 13, 2012

Office Texas

HINES ARRANGES LEASE IN PHOENIX TOWER

by admin April 13, 2012

HOUSTON — Houston-based Hines has brokered WorleyParson's lease of 50,716 square feet of office space in the 629,000-square-foot Phoenix Tower, a 34-story office tower located at 3200 Southwest Freeway in Houston. Lou Cushman and Courtney Estenson of Cushman & Wakefield of Texas' Houston office represented the tenant in the lease transaction. Paula Burns and Tyler Garrett of Hines represented the landlord, FSP Phoenix Tower Limited Partnership.

April 13, 2012

Office Texas

S&P WINS $14.5M BID FOR OFFICE BUILDING RENOVATION

by admin April 13, 2012

AUSTIN — The Texas Facilities Commission has awarded Satterfield & Pontikes Construction (S&P) a $14.5 million project for removing and replacing all exterior panels from the Robert D. Moreton building, an office building located in central Austin. Completion of the renovation is slated for spring 2014.

April 13, 2012

Office Southeast

M&M BROKERS $6.25M OFFICE SALE

by admin April 12, 2012

BOCA RATON, FLA. — Marcus & Millichap has arranged the $6.25 million sale of the 70,000-square-foot The Courtyard, a four-story office building located at 5301 N. Federal Hwy. in Boca Raton. Douglas Mandel of Marcus & Millichap's Fort Lauderdale, Fla., office, along with Benjamin Silver of the firm's Miami office, represented the seller, a Boca Raton-based partnership, in the transaction. The buyer was a local investor in a 1031 exchange.

April 12, 2012

Midwest Office

OHIO EMPLOYEE HEALTH SIGNS COLUMBUS LEASE

by admin April 12, 2012

COLUMBUS — Ohio Employee Health Partnership has signed a 6,971-square-foot office lease at 445 Hutchinson Ave. in Columbus. Doug Falor and Randy Stephens of Cassidy Turley's Columbus office represented the landlord, Equity Office Properties, in the deal.

April 12, 2012

Office Texas

OFFICE PROPERTY IN COLLEYVILLE BREAKS GROUND

by admin April 12, 2012

COLLEYVILLE — Fast-Track Construction has commenced building a 13,263-square-foot office building, located within The Village at Colleyville at 97 Village Ln. in Colleyville. The building will be the site of Jack Prewitt & Associates' new headquarters. The law firm will lease the third floor of the property. Four other tenants are planning to relocate their offices to the new building as well, including Corporate Aviation Analysis & Planning, Dallas Jet International, Helicopter Exchange Limited and Aircraft Transaction Facilitators. Realty Capital Management is managing the project on behalf of Jack Prewitt & Associates. The office building is slated for a fall 2012 completion.

April 12, 2012

Office Southeast

CRESCENT BEGINS 199,777 SF OFFICE BUILDING

by admin April 11, 2012

ALTAMONTE SPRINGS, FLA. — Crescent Resources has started construction on a 199,777-square-foot, six-story office building and parking garage, located in Altamonte Springs, for Adventist Health System. The new facility is adjacent to the new 153,864-square-foot Adventist Health Systems headquarters, located at 900 Hope Wy., which opened in December. The new building, slated for completion in spring 2013, will house support operations. Little is the project architect, Brasfield & Gorrie is the contractor and Parsons is the project consultant.

April 11, 2012

Office Southeast

AJP VENTURES TOPS OFF $9M THE BUILDING

by admin April 11, 2012

CORAL GABLES, FLA. — AJP Ventures has topped off the $9 million, 58,000-square-foot The Building, located at 2990 Ponce de Leon Blvd. in Coral Gables. The Class A office building is slated for completion in June. The Building is 65 percent pre-leased to tenants, which include Zubi Advertising and Mas Group. A joint venture between Juan Carlos of The Mas Group of Companies and TAZ Partners is developing the property.

April 11, 2012

Northeast Office

SHESKEY SELECTED TO DESIGN OFFICE PARK

by admin April 11, 2012

HINGHAM, MASS. — Sheskey Architects has been selected to design Hingham Technology Park 3, a new office development to be built on a 9-acre parcel in Hingham, suburb to the southeast of Boston. The concept calls for the construction of two LEED certified office buildings with parking garages and ground-level parking. The design also requires the razing of the existing 61,000-square-foot building, located on the site. For many years, the building was home to the South Shore Educational Collaborative. The project will mark the second time in a decade that a new major office development project is being planned for Hingham.

April 11, 2012

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