KENT, WASH. — CenterPoint Corporate Park in Kent has sold to Fountainhead Northwest for $46.25 million. The 435,937-square-foot office campus is located on 72nd Avenue South. Mike George and Nick Fletcher of NAI Puget Sound Properties represented the seller, a joint venture between AEW and Unico Properties, in the transaction.
WASHINGTON, D.C. — Rockrose Development Corp. has entered into an agreement to acquire a 112,687-square-foot office building, located at 1900 M Street NW in Washington, D.C., for $55 million. The property is 89 percent leased. Tenants include Levick Strategic Communications, Sherman Meehan and State Farm Insurance. Gerald Trainor of Transwestern is representing the seller in the transaction. Rockrose is self-represented by Craig Deitelzweig.
CORAL GABLES, FLA. — Tamarindo has acquired the 50,000-square-foot Kendar Office Building, located at 1550 Madruga Ave. in Coral Gables, from Kenneth Rosen for $10.3 million. The property is 97 percent leased. Edmund Mazzei of Mazzei Realty Services represented the seller in the transaction. Ben Silver of Marcus & Millichap, along with Pilar Pulido of The Keyes Company, represented the buyer in the transaction.
WASHINGTON, D.C. — The United Nations Foundation has signed an 85,000-square-foot office lease, located at 1750 Pennsylvania Ave. NW in Washington, D.C. The foundation, which currently operates in two locations, will expand and consolidate its operations in its new location in January 2014. Tina Weaver of CBRE Group represented the tenant in the lease transaction. Brendan Owen of Vornado represented the landlord.
CHICAGO — Staffing firm Creative Circle has signed a lease for 7,128 square feet of office space on the 14th floor of 330 N. Wabash in Chicago. The initial term of the lease spans more than five years and begins March 1, 2013. With the Creative Circle lease, 330 North Wabash is 89 percent leased. The building, which is owned by a joint venture between subsidiaries of Prime Group Realty Trust, is currently undergoing a renovation that include a new fire safety system, restrooms and elevator cab upgrades. Allen Rogoway of Cresa Partners Chicago and Carlo Brignardello of Cresa Partners Los Angeles represented the tenant in the transaction. PGRT was self-represented by Seven Baron.
HOUSTON — Behringer Harvard REIT has plans to develop the 332,000-square-foot Two BriarLake Plaza, a 12-story office tower that will be located on a 1.5-acre site at the corner of West Sam Houston Parkway and Briar Forest Drive in Houston's Westchase District. The office building will be located on top of a seven-level parking structure. The office tower is 50 percent pre-leased to Samsung Engineering and is designed to LEED Core and Shell certification. The office tower will feature a deli, fitness center and conference center. Lucian Bukowski and Garrold Parratt of Jones Lang LaSalle represented Samsung in the lease transaction. Brian McMackin and Clint Bawcom of Cassidy Turley represented Behringer Harvard. HPT Management Services will manage the office property and Cassidy Turley will provide leasing services. Construction is slated for a first quarter 2014 completion.
HOUSTON — Q10 Kinghorn, Driver, Hough & Co. has arranged $11.9 million in first mortgage refinancing for a 12-story Wells Fargo office building, located along the Southwest Freeway in Houston. Travis Fite of Q10's Houston office arranged the 10-year loan with a 30-year amortization schedule through Prudential Mortgage Capital.
HARRISON, N.Y. — Life Time Fitness has purchased One Gannett Drive, a 232,000-square-foot office and distribution building in Harrison that was formerly a Gannett printing press operation. Life Time, which operates 105 health clubs across the U.S., plans to raze the building and construct a fitness facility on the 24-acre site. At more than 200,000 square feet, it will be one of Life Time's largest facilities. Kenneth Lundberg of NAI Hanson and Carl Silbergleit and Ellen Benedak of NAI Friedland represented LTF Real Estate Co. — trading as Life Time Fitness — in the transaction. Jeffrey Dunne, William Cuddy, Steven Bardsley and Kevin Langtry of CBRE Group represented the seller, Gannett Satellite Information Network Inc.
PHOENIX – Spectrum Labs has leased 25,569 square feet of lab office space at the Southbank Business Park in Phoenix. It is located at 2801 S. 35th Street. The veterinary solutions company will use the space for lab testing. Spectrum Labs was represented by Jeff Conrad of Lee & Associates Arizona. The landlord, Hannay Real Estate Advisors, was represented by CBRE’s Bill Bayless.
PEMBROKE PINES, FLA. — UDSS Investments has acquired the 21,906-square-foot third floor of the Atria in Pembroke Pines Professional Plaza, Phase II, located at 18501 Pines Blvd. in Pembroke Pines, from 1st United Bank of Boca Raton for $2.22 million. The buyer plans to occupy a portion of the space and rent out the rest. Michael Scarpino and Jennifer Scarpino of NAI Rauch Weaver Norfleet Kurtz & Co. represented the seller in the transaction. Peter Medina of True Quest Realty represented the buyer.