Friday, June 5, 2026
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MidwestOffice

NETJETS HEADQUARTERS SECURES $16M LOAN

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COLUMBUS — Morris, Smith & Feyh Inc. has arranged a $16 million first mortgage loan for a newly built office building in Columbus. The 140,000-square-foot building is fully leased to NetJets Inc., the private jet company owned by Berkshire Hathaway. It serves as the company's world headquarters. Jeffrey Morris of Morris, Smith & Feyh's Columbus office originated the 20-year loan for the borrower, The Daimler Group, through a life insurance company. The loan includes a 25-year amortization schedule.

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OfficeTexas

KDC ARRANGES DENBURY RESOURCES' OFFICE LEASE

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PLANO — KDC has leased an additional 123,716 square feet of office space to Denbury Resources at The Campus at Legacy, located at 5360 Legacy Drive in Plano, which brings Denbury's footprint in The Campus at Legacy to 500,000 square feet. The newly expanded office space is now Denbury's corporate headquarters. The Campus at Legacy features other tenants such as PepsiCo., Dr. Pepper Snapple Group, Rent-a-Center and St. Jude Medical. John Brownlee represented KDC in-house in the lease transaction, as well as KDC's partner Spear Street Capital.

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OfficeWestern

SANTA MONICA MEDICAL OFFICE BUILDING RECEIVES $10M REFINANCE

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SANTA MONICA, CALIF. — A 52,676-square-foot medical office building in Santa Monica has received a $10-million refinance. The loan was secured for the borrower, 2825 Santa Monica LLC, by Timothy Wright and Zack Holderman of HFF through California Bank & Trust. The three-year loan features an adjustable rate. The managing member of 2825 Santa Monica LLC is an institutional investment fund sub-advised by Long Wharf Real Estate Partners LLC.

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OfficeWestern

PALO ALTO OFFICE BUILDING RECEIVES $4.6M BRIDGE LOAN

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PALO ALTO, CALIF. – An office building located at 3600 West Bayshore Road in Palo Alto has received a $4.66-million bridge loan. The 36,000-square-foot office building is being repositioned by Tarlton Properties, one of the building’s lead owners and its property manager. The three-year loan was arranged by Eric Von Berg and Tom Dao of Newmark’s San Francisco office.

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OfficeSoutheast

OFFICE BUILDING SELLS FOR $2.06M

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SOUTHPARK, N.C. — A 15,344-square-foot office building, located in Morrocroft Professional Center in Southpark, has sold for $2.06 million. Charles G. Monnett III & Associates will occupy the first floor and Dr. Samuel Randall and Dr. Eric VanHuss currently occupy the second floor. NAI Southern Real Estate represented Queens Barrister II, the buyer, in the transaction. Jonathan Nance of Grubb Properties represented the seller, Colony at Morrocroft LLC.

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NortheastOffice

GREEN MOUNTAIN COFFEE MOVES LOCAL OPERATIONS TO BURLINGTON

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BURLINGTON, MASS. — Green Mountain Coffee Roasters is consolidating its single-cup Keurig brewing business into a new campus in Burlington. The company signed a lease for 424,000 square feet at the Burlington Research Center. The build-to-suit deal gives the company room to expand, while consolidating operations at facilities in Reading, Wakefield and Woburn. Michael Frisoli, J.R. McDonald and Robert Griffin of Cushman & Wakefield represented the tenant in the transaction. Jon Varholak and Ron Friedman of Richards Barry Joyce & Partners represented the landlord, the Gutierrez Co.

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NortheastOffice

HOLLISTER COMPLETES FIT-OUT FOR PINNACLE FOODS GROUP

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PARSIPPANY, N.J. — Hollister Construction Services has completed a 55,000-square-foot, interior fit-out for Pinnacle Food Group at 399 Jefferson Road in Parsippany. The project included the construction of new office areas, a lobby and a food service area. Gensler served as the architect for the project. Pinnacle Foods is a producer, marketer and distributor of branded food products.

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OfficeWestern

OFFICE BUILDING 101 CORPORATE CENTER SELLS FOR $6.2M

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PHOENIX — A 77,337-square-foot, Class A office building called 101 Corporate Center has sold to 101 Corporate Center LLC for $6.2 million. The building is located at 19820 N. Seventh Street in Phoenix. The center is currently 45 percent leased. The seller, Gregg Williams of Trident Pacific Real Estate, who was the court-appointed receiver for the asset, was represented by Glenn Smigiel, Bob Young, Steven Brabant, Rick Abraham, Ashley Brooks, Jim Bayless and Nancy Romanovsky of CBRE’s Phoenix office.

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OfficeWestern

LINEAR LLC RENEWS AT CARLSBAD CORPORATE CENTER

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CARLSBAD, CALIF. — Linear LLC has signed a 72-month lease renewal for 53,022 square feet of office space at Carlsbad Corporate Center. The center is located at 1950 Camino Vida Roble in Carlsbad. Linear occupies about 44 percent of the building’s total 121,541 square feet. The company was represented by CBRE’s Rob Gunness. The landlord, Parallel Capital Partners, was represented by Dennis Visser of Cassidy Turley.

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