STAMFORD, CONN. — The former General Reinsurance Corp. headquarters in Stamford, Conn. sold for $30 million in a year-end closing. Stamford-based developer Building and Land Technology purchased the 560,000-square-foot office building, located at 695 E. Main St., from Lehman Brothers Holdings Inc. David Benhaut, Gary Gabriel and Grace Braverman of Cushman & Wakefield's East Rutherford, N.J. office and Tom O' Leary of the firm's Stamford office represented the seller in the transaction.
IRVING — Libitzky Holding has purchased a 127,709-square-foot office building, located at 1212 Corporate Dr. in Irving. Gary Carr, Eric Mackey and Robert Hill of CBRE's Dallas office represented the seller, American National Bank, in the transaction.
FAIRFAX, VA. — Centerpointe I & II, located at 4000 and 4050 Legato Rd. in Fairfax, has been sold for $128.7 million. Thomas Properties Group and the California State Teachers Retirement Systems sold the two 11-story office buildings, totaling 421,859 square feet, to Carr Properties Income Trust and an institutional investment partner. Bill Prutting, Jr., William Kaye, Randall Heilig, Jeff Roman, Mike Pepper and John DiCamillo of CBRE's Washington, D.C., office represented the seller in the transaction.
PHILADELPHIA — Philadelphia Media Network (PMN), owner and publisher of The Philadelphia Inquirer, Daily News and Philly.com, has leased 125,000 square feet of office space at 801 Market St. in Philadelphia. The building anchors the Gallery at Market East, both owned by Pennsylvania Real Estate Investment Trust. PMN is expected to move from 400 N. Broad St. to its new headquarters in the summer of 2012.
AUSTIN — Houston-based GSL Welcome Group has acquired the 54,865-square-foot Tuscany Technology Center 4, an office property located at McShane's Tuscany Center at Walnut Creek at 8325 Tuscany Way in Austin. Walter Saad and Cathy Nabours of CBRE's Austin office, along with Todd Mills of the firm's San Antonio office, represented the seller, McShane Development Co., in the transaction. Jim Gibson of Stan Johnson Co.'s Houston office and Craig Tomlinson of the firm's Tulsa, Okla., office represented the buyer. Gila, LLC. has leased the single-story development, which features 24,500 square feet of office space and 30,365 square feet of call center, breakroom and storage space.
HOUSTON — Moody Rambin Investment Services has brokered the sale of the 3,300-square-foot 1017 Heights Blvd., an office building located in Houston's Historic Heights neighborhood. Christopher Dray of Moody Rambin's Houston office represented the seller, the Law Offices of Jed Silverman, in the transaction. The buyer was Johnson, Johnson, and Baer, P.C.
DALLAS — Orlando, Fla.-based CNL Commercial Real Estate has been chosen as the property management provider for the 170,000-square-foot Old Parkland, an office property comprised of four buildings located at 3819 Maple Ave. in Dallas. An affiliate of Crow Holdings acquired the property in 2006 and reopened it in 2009. The property was designated a Dallas Historic Landmark in 1987.
MISSION VIEJO, CALIF. — The 52,091–square-foot Mission Foothills Professional Building in Mission Viejo has sold to Providence Mission Foothills for $6.5 million. Providence plans to lease the vacant space inside the Class A office building. The company was represented by Stan Tomer of CBRE. Dan Vittone, Alan Pekarcik and Tim Walker of Voit’s Irvine, Calif., office represented the seller, special servicer Orix Capital Markets, LLC.
PLEASANTON, CALIF. — Axis Community Health has purchased 5925 W. Las Positas Blvd., a 24,188-square-foot office flex building in Pleasanton. The building was previously occupied by DirectBuy.com. This purchase represents an expansion for Axis, which is relocating their health center and headquarters from its current location on nearby Railroad Avenue. Mark Triska of Colliers International represented Axis. Anton Qui with TRI Commercial represented the seller, Cathay Bank.
RICHMOND, VA. — The 285,846-square-foot former Best Products office building, located at 1400 Best Plaza Dr. in Richmond, has been sold for $6.22 million. Paul Silver, Mark Douglas and Suzanne White of Cushman & Wakefield/Thalhimer's Richmond office represented Metropolitan Life Insurance Co., the seller, in the transaction. The buyer was the County of Henrico.
