LOS ANGELES — Colliers International has sold a single-story office building at 1536 N. Highland Ave. in Los Angeles to the Musicians Institute for $3 million. The Musicians Institute was represented by Ramsey-Shilling Commercial Real Estate Services. The private sellers, Mher & Sossy Tavidian of Vartan Tavidian, were represented by Kathleen A. Silver and Kay Thorpe out of Colliers’ West Los Angeles office.
LANDOVER, MD. — Cassidy Turley has negotiated the sale of a 137,000-square-foot, Class A office building, located at 8301 Professional Place in Landover. Paul Collins, Bill Collins, Drew Flood, Jud Ryan and James Cassidy of Cassidy Turley represented the seller, Advance Realty Group. Washington, D.C.-based Persimmon Capital Partners was the buyer.
HOUSTON — The nine-story Intercontinental Center Office Building, a property sitting on 5.14 acres and has 198,090-square-feet of rentable space in Houston, has recently been acquired. The buyers formed 15600 JFK Houston Partners, LLC in order to purchase the property, and they plan on making capital improvements to the facility.
HOUSTON — W&T Offshore, Inc., an oil and natural gas company, has renewed its lease for 71,289 square feet of office space at Nine Greenway Plaza, located in Houston’s Greenway Plaza complex. Warren Savery and Bubba Harkins of Crescent Real Estate negotiated the lease on behalf of the landlord, Crescent Crown Nine Greenway SPV LLC, and CB Richard Ellis’ Charles Gordon and Ron McWherter represented W&T.
HOUSTON — Westchase Corporate Park, a 177,000-square-foot business park comprised of 13 buildings in Houston, has received $7 million in acquisition financing on behalf of AF Westchase LLC, a joint venture between Adler Real Estate Fund and TriGate Capital. Howard Taft and Charles Penan of Aztec helped arrange the funding. Westchase Corporate Park is 85 percent occupied with tenants like Honeywell, Western Geophysical, Men’s Wearhouse, MI Swaco, BMC Software, American Express, GE Capital and JP Morgan Chase.
CAMBRIDGE, MASS. — H3 Biomedicine has leased 49,898 square feet of space at 300 Technology Square in Alexandria’s Technology Square in Cambridge. Alexandria’s Technology Square is located within the Kendall Square neighborhood and consists of seven laboratory and office buildings totaling approximately 1.2 million square feet. Cushman & Wakefield’s Juliette Reiter and Mark Winters represented the landlord, an affiliate of Alexandria Real Estate Equities, Inc., and H3 Biomedicine in the transaction.
WOBURN, MASS. — Cabot Risk Strategies has purchased a 16,000-square-foot freestanding office building at 15 Cabot Rd. in Woburn for $1.75 million. James Stubblebine and David Stubblebine of The Stubblebine Company/CORFAC International represented the seller, Lumintron, LLC (also known as Agiltron Inc.), while Rob Cronin of Lincoln Properties represented Cabot in the transaction.
DALLAS — Granite Properties, Inc. has purchased a 240,088-square-foot Class A office building at 3333 Lee Pkwy. in the Turtle Creek submarket of Dallas. The property is more than 90 percent leased and sits across from Lee Park. CB Richard Ellis' Gary Carr, Russell Ingrum, Eric Mackey, Josh McAtor and Jack Fraker represented the seller, La Jolla, Calif.-based Equastone.
SAN JOSE, CALIF. — Xactly Corporation has leased nearly 30,000 square feet at 225 West Santa Clara in Downtown San Jose. The sales solutions specialist will relocate its headquarters to the Class A office tower’s 12th floor later this year. Built in 2001, 225 West Santa Clara is currently more than 90 percent leased. Joshua Hitchcock serves as the regional director of leasing for Equity Office, the property’s owner.
ALISO VIEJO, CALIF. — Digital River has renewed and expanded its presence at 27081 Aliso Creek Road in Aliso Viejo. The global e-commerce firm’s lease expansion includes 12,326 square feet of office space. Brian Childs with NAI Capital’s Orange County office represented Digital River. The building’s owner, Menlo Equities, represented itself in the transaction.