Office

GLEN ALLEN, VA. — Cushman & Wakefield — Thalhimer has negotiated the $1.67 million sale of a 13,387-square-foot office condominium in Dominion Place, located at 4300 Dominion Blvd. in Glen Allen. Austin Newman of Cushman & Wakefield Thalhimer's Richmond, Va., office represented Highwoods Services. Southern Baptist Conservatives of Virginia purchased the property, which will serve as the company's headquarters location.

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NAPERVILLE, ILL. — A joint venture between Bixby Bridge Capital and Franklin Partners has purchased the MetroWest, a 205,000-square-foot office building located at 55 Shuman Blvd. in Naperville. The 10-story building was acquired in an all-cash transaction. Tenants include Dun & Bradstreet and Wells Fargo. J.F. McKinney & Associates will be the leasing agent for the property and Franklin Partners will be the property manager.

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SOMERSET, N.J. — SHI International has converted a former AT&T facility into a 420,000-square-foot, cloud-computing center that will serve as SHI’s world headquarters. The new facility is expected to house nearly 1,000 employees. The main building of SHI’s new campus is centered around two five-story towers as well as a third ancillary building. Turner Construction and Unity Construction led the project efforts, and Cornerstone Architectural Group designed the project. The roof is equipped with solar panels that can generate 500 kilowatts of electricity annually. The facility is three times larger than SHI’s current headquarters and occupancy begins this month.

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PARSIPPANY, N.J. — Mack-Cali Realty Corp. has announced that it will develop a 203,000-square-foot, Class A office building for Wyndham Worldwide Corp. in Parsippany, which will allow Wyndham to consolidate its workforce. The site will be developed adjacent to Wyndham’s corporate headquarters at 22 Sylvan Way on the Mack-Cali Business Campus. The headquarters at 22 Sylvan received LEED-Silver certification. Wyndham has leased the new facility for 15 years. The facility will be three stories and feature granite and glass exteriors. The building is slated for a first quarter 2013 completion and occupancy is set to take place in third quarter 2013. HLW International is designing the core and shell portion of the new facility.

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FORT LAUDERDALE, FLA. — Grandbridge Real Estate Capital has secured $31.7 million in refinancing on behalf of Genesis Capital Partners XI for the 391,473-square-foot 110 Tower in Fort Lauderdale. The loan, which maintains less than a 50 percent loan-to-value ratio, was provided by Galveston, Texas-based American National Insurance Co. Tip Strickland and John Fenoglio of Grandbridge's Houston office and Al Rex of the firm's Fort Lauderdale office arranged the financing.

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WAKEFIELD, MASS. — Hobbs Brook Management has purchased 101, 201 and 500 Edgewater Dr. in Wakefield’s Edgewater Office Park. With the 313,300-square-foot acquisition, Hobbs Brook now owns all seven buildings in the office park. Buildings 101 and 201 are two stories and feature concrete facades, and building 500 is a four-story building with granite exterior walls. Charles Batchelder of Wyman Street Advisors represented Hobbs Brook, and Cushman & Wakefield’s David Pergola, Robert Griffin and Edward Maher represented the sellers.

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HOUSTON — Cameron, an oil and gas equipment provider, has acquired an 86,000-square-foot, Class A office building in Westway Park from Baker Hughes Corp. The building is adjacent to Cameron’s existing 215,000-square-foot office site at 4646 W. Sam Houston Pkwy. North that houses Cameron’s Drilling & Production Systems. Charles Gordon of CB Richard Ellis represented the buyer, and Boyd Commercial’s Mike Boyd and Conrad Bernard represented the seller. Westway Park is owned by Wolff Cos. and comprises 2.2 million square feet of office space spanning 150 acres. The office park has 19 buildings and is home to 6,500 employees from companies like Sprint, GE Oil & Gas and Travelers Insurance.

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BIRMINGHAM, ALA. — AREA Property Partners has negotiated the $68.5 million sale of the 514,893-square-foot Wells Fargo Tower in Birmingham. The firm's Value Enhancement Fund V sold the Class A property to an affiliate of Commonwealth REIT. Adam Spies, Michael McDonald and Kennedy Hicks of Eastdil Secured represented the buyer. The seller was self-represented by AREA.

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