HOUSTON — Hines has brokered the lease of 33,394 square feet of office space at the 629,000-square-foot Phoenix Tower, a 34-story office building located at 3200 Southwest Freeway in Houston. The building is now 82 percent leased. Chip Horne of Cushman & Wakefield of Texas' Houston office represented the tenant, New York Life, in the lease transaction. Tyler Garrett and Paula Bruns of Hines' Houston office represented the building owner, FSP Phoenix Tower Limited Partnership.
SANTA FE, N. MEX. — Marquez Plaza, a 37,841-square-foot office building in Santa Fe, has sold to YMC New Mexico Properties, LLC, an affiliate of Yonezawa-Miller Company, for $6 million. The plaza is currently 100 percent leased to the State of New Mexico and UBS. YMC was represented by Craig Yonezawa of Pathfinder Capital. The seller was represented by Joel White of CBRE's Albuquerque office.
PHOENIX — Entrust Bankcard has signed a seven-year lease for 17,797 square feet in a Class A office building located at 5055 E. Washington Street in Phoenix. The company plans to house its administrative offices, training center, executive space and sales operations at the new office beginning in June. This lease will bring the building’s occupancy to 91 percent. Entrust was represented by David Carder and Luke Walker of CBRE’s Phoenix office. The building’s developer and landlord, Irgens Development Partners, was represented by Steve Kohls and Adam Tolson of Lee & Associates in Phoenix.
BALTIMORE — St. John Properties’ 71,000-square-foot headquarters building, located at 2560 Lord Baltimore Dr. in Baltimore, has received LEED Gold certification. The two story property includes green features such as a high-efficiency HVAC system, high performance windows, sustainable lavatory fixtures, a white thermoplastic polyolefien roofing system, wetland/forest preserves, drought-tolerant landscaping and low VOC paints, carpets and adhesives. The building is St. John Properties’ 14th project to receive LEED certification.
SKOKIE, ILL. — Turner Acceptance Corp., an auto loan company, has leased 40,816-square-foot at 4900 Howard in Skokie. The company is relocating from a smaller facility in Evanston. Whit Heitman, Sam Badger and Brad Weiner of Paine/Wetzel/TCN Worldwide represented the landlord, Walker Partners LLC, in the transaction. Baum Realty represented the tenant.
WOODBRIDGE, N.J. — Law firm Greenbaum Rowe Smith & Davis LLP has renewed its lease for 52,723-square-foot lease at Corporate Metro Center, located at 99 Wood Ave. S. in Woodbridge. The Corporate Metro Center is a Class A office building. Douglas Rowe of Colliers International New Jersey and Jackie Witmondt of Associated Realty represented the law firm in the transaction. Ed Duenes of Cushman & Wakefield represented the landlord, Cornerstone Real Estate Advisors.
ARLINGTON, VA. — Lowe Enterprises has commenced construction on the $70 million renovation of the 308,000-square-foot 1400 Crystal Drive, a 13-story office building located in the Arlington submarket of Crystal City. The redevelopment will include the addition of a floor-to-ceiling glass facade and expansion of existing floor plates. The building is designed to achieve LEED Gold Certification. Completion is slated for April 2013.
SKOKIE, ILL. — Turner Acceptance Corp., an auto loan company, has leased 40,816-square-foot at 4900 Howard in Skokie. The company is relocating from a smaller facility in Evanston. Whit Heitman, Sam Badger and Brad Weiner of Paine/Wetzel/TCN Worldwide represented the landlord, Walker Partners LLC, in the transaction. Baum Realty represented the tenant.
PITTSBURGH — Citizens Bank of Pennsylvania has signed a five-year lease renewal to remain the largest tenant at 525 Penn Place in Pittsburgh. The company occupies 147,500 square feet in the building. Robert Geiger of Cushman & Wakefield / Grant Street Associates Inc. represented the landlord, BNY Mellon in the transaction. CBRE Boston represented the tenant. Citizens Bank is a state-chartered bank with dual headquarters in Pittsburgh and Philadelphia.
NEW YORK CITY — SailThru, an email marketing firm, has signed a five-year lease at 10 Hudson Square in New York City. The company is relocating from its current office at 770 Broadway and will occupy 17,775 square feet. Jaime Addeo and Jack Petrie of CresaPartners represented the tenant in the transaction. Trinity Real Estate, the property owner, was represented in-house by Charles Laginestra and Marc Packman.
