CHICAGO — Lawson Products, a distributor of maintenance, repair and operations supplies, is moving its Des Plaines headquarters to an office in Chicago and consolidating its distribution in McCook. The new headquarters are located at 8770 W. Bryn Mawr, where the company signed a lease for 86,000 square feet. The distribution center will be located at a 306,805-square-foot, build-to-suit facility at the CenterPoint Business Center. Construction is expected to be complete in August 2012. Colliers International represented Lawson in the McCook deal.
DALLAS — Younan Properties has sold the 953,622-square-foot Energy Square, a three-building, Class A office property located at 4849 Greenville Ave. in Dallas. Champion Property Co. and Lincoln Property Co. purchased the portfolio in a joint venture with Boston-based Long Wharf Real Estate Partners. The property is 82 percent leased to tenants such as New York Life, Jacobs Engineering, Davaco, Homecare Homebase, Reeder Energy and Hartline Dacus Dreyer. Evan Stone, Jack Crews and John Alvarado of Jones Lang LaSalle's Dallas office represented the seller in the transaction, which is the largest transaction in the Dallas/Fort Worth metroplex in 2011.
SUGAR LAND — HFF has brokered the sale of the 143,410-square-foot Two Sugar Creek Center, a six-story office building located at 77 Sugar Creek Center Blvd. in Austin. The property is 72 percent occupied. Dan Miller, Trent Agnew and Brad Elmore of HFF's Houston office represented the seller's asset manager, National Asset Services, in the transaction. The buyer is a private Boston-based firm.
SUNNYVALE, CALIF. — Financial Engines has leased 80,995 square feet of office space at Moffett Towers in Sunnyvale. The firm, which provides investment management and advice to employees in retirement plans, will utilize this space for its headquarters starting in June 2012 after tenant improvements have been completed. It currently occupies 50,000 square feet at 1804 Embarcadero Road in Palo Alto. Financial Engines was represented by David Thede, Jack Troedson and Ben Stern of Cornish & Carey Commercial Newmark Knight Frank. Jay Paul Company’s Moffett Towers was represented by Phil Mahoney, also of Cornish & Carey, who handles the property’s leasing efforts.
MONTEREY, CALIF. – The new 20,000-square-foot student services center has opened at Monterey Peninsula College in Monterey. The adaptable building houses the college’s financial aid, developmental disabilities support, registration and academic offices, which were previously scattered throughout the campus. The sustainable student services center was designed by HGA Architects & Engineers and built by Swinerton Builders.
MINNEAPOLIS — WNC & Associates has provided $8.3 million in financing to United Properties for the acquisition and renovation of the Ford Center in Minneapolis. Located at 429 N. Fifth St., the project is slated to deliver more than 270,000 square feet of office space. When complete, the building will serve as the national headquarters of HGA Architects and Olson Advertising. The firms will occupy a combined 215,000 square feet.
OLD WESTBURY, N.Y. —Stalco Construction has completed the $1.2 million construction of a 4,200-square-foot bursar office, waiting lobby and 2,600-square-foot financial aid office at the State University of New York's The College at Old Westbury campus in Old Westbury. Stalco served as general contractor and Kliment Halsband Architects designed the interiors.
MCALLEN — LNR Partners has sold a 24,708-square-foot office building, located in the Executive Business Center at 801 E. Fern Ave. in McAllen. Rob Chandler of Houston-based Moody Rambin Investment Services represented the seller in the transaction.
CAMBRIDGE — New Boston Fund, a commercial real estate investment and management firm, has sold a two-story office property at 70 Fawcett St. in Cambridge for a reported $13.6 million. New Boston Fund and Cabot, Cabot & Forbes negotiated the sale on behalf of the buyer, O'Connor Capital Properties. O'Connor plans to convert the property into a 429-unit residential community. The property currently houses a 141,000-square-foot office building.
GREENVILLE, S.C. — TD Bank has plans to undergo a $17.1 million renovation of its 300,000-square-foot corporate operations, located at 200 Carolina Point Pkwy. in Greenville. As a result, TD Bank will create more than 1,400 jobs in the next 3 to 5 years. The buildings are designed to achieve LEED Gold certification. Construction is slated to begin in early 2012.