COLUMBIA, MD. – Cassidy Turley has brokered the $16.15 million sale of Hillside Center I & II, two office buildings totaling 86,189 square feet, located at 6310 & 6315 Hillside Ct. in Columbia. Jonathan Carpenter and Jay Wellschlager of Cassidy Turley's Baltimore office represented Corinthian Realty Partners, the seller, in the transaction. The buyer was First Potomac Realty Trust.
GOLETA, CALIF. — Lockheed Martin Corporation has renewed its lease for 84,181 square feet at the Santa Barbara Business Park in Goleta. The five-year lease includes two 42,000-square-foot, Class A buildings at 336 and 346 Bollay Drive. The space will be occupied by Santa Barbara Focalplane, a Lockheed Martin Missiles and Fire Control business. The Towbes Group represented the landlord in this transaction.
SAN DIEGO — San Diego Miramar College has recently completed its 270,000-square-foot, 828-space parking structure and its 5,108-square-foot police substation. The substation is hoping to receive LEED-Platinum certification. If it does, Miramar College will be the first of San Diego’s higher education institutions to achieve this fete. The $17.9-million project was built by McCarthy Building Companies.
RESTON, VA. – Odin, Feldman & Pittleman law firm has signed a 53,918-square-foot lease for office space, located at 1775 Wiehle Ave. in Reston. The firm will relocate from its current office, located at 9302 Lee Hwy. in Fairfax, Va., in the fall of 2012. Wendy Feldman Block and Julie Schuelke of Washington, D.C.-based Studley represented the tenant in the lease transaction. Jeff Roman and Mike Pepper of CBRE's McLean, Va., office represented the landlord.
FRISCO — Dallas-based Gearbox Software has pre-leased 61,000 square feet of office space at the $60 million Frisco Square development, which is designed by O'Brien Associates. Gearbox's new headquarters will add approximately 205 jobs. The eight-story development will feature 100,000 square feet of office space, 50,000 square feet of retail space and 220 residential apartment units. James Esquivel and Jeff Eckert of Jones Lang LaSalle's Dallas office represented the landlord, Frisco Square Development, in the leasing transaction. Baron Aldrine of CBRE's Dallas office represented the tenant.
LEXINGTON, KY. —Kentucky Spirit Health Plan has leased 36,430 square feet of office space in Chase Tower, located at 201 E. Main St. in Lexington. Ernie Arnold of Lexington-based The Gibson Co. represented the tenant in the lease transaction. Paul Ray Smith and Anne Kilcoyne of Lexington-based NAI Issac represented the landlord.
MARLBOROUGH, MASS. — KS Partners, a real estate investment and development company, has acquired a 113,050-square-foot office property, located at 33 Boston Post Rd. in Marlborough for $8.15 million. Tenants include BayPath, Forefield and Law Offices of Gary H. Kreppel. Richards Barry Joyce & Partners represented the buyer. James McCaffrey of Eastdil represented the seller.
NEW YORK CITY — Jen Kao, a designer of high-end women's fashion, has signed a 10-year lease for 9,715 square feet of office and showroom space at 10 Hudson Square in the Hudson Square neighborhood. Marc Schoen, Michael Schoen, Brian Neugeboren and Scott Kummings of Savitt Partners' New York City office represented Jen Kao in the transaction. The landlord is Trinity Real Estate.
ALLIANCE — HFF has arranged $24.5 million in financing for the 164,333-square-foot Heritage Commons IV, a Class A office building located at 13650 Heritage Pkwy. in Alliance. Tim Jordan and Travis Anderson of HFF's Dallas office arranged the 5-year loan through JPMorgan Chase Bank on behalf of the borrower, Global Income Trust. The building is fully leased.
OMAHA — The Industrial Realty Group of Downey, Calif. has purchased the former Connectivity plant at 125th and I streets. Ryan Zabrowski and R.J. Neary of Investors Realty negotiated the sale for Comscope of Hickory, N.C. The property includes a 140,000-square-foot office building and data center, and a 1 million square foot industrial building. The property was listed at $19.16 million but the closing price was undisclosed.