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.
ST. LOUIS, MO. — Stifel Financial Corp. has agreed to acquire One Financial Plaza, a 435,000-square-foot office building located at 501 N. Broadway in St. Louis, from Parmenter Realty Partners. The building will serve as it's new headquarters. The company is working with the local economic development council for a plan to support the acquisition of the building and ensuing job growth. Stifel had been rumored to anchor the long-delayed Ballpark Village mixed-use project prior to this acquisition.
WAUKESHA, WIS. — Milwaukee-based RFP Commercial has brokered the $2.85 million sale of a 32,000-square-foot office building located at N16 W23377 Stone Ridge Dr. in Waukesha. Bob Flood and Scott Revolinski of RFP represented the seller, Bielinski Homes. WELS was the buyer.
HOUSTON — Holliday Fenoglio Fowler (HFF) has brokered Peloton Capital Partners’ purchase of a five office building portfolio in west Houston, as well as arranged acquisition financing and joint venture equity for Peloton. Peloton purchased the portfolio, totaling 347,272 square feet, with the help of HFF’s fixed-rate financing through NexBank and joint venture equity through an Austin-based private equity firm. Martin Hogan and Dan Miller of HFF represented the seller, and HFF’s Steve Heldenfels represented Peloton in arranging financing and joint venture equity. The 78 percent occupied office portfolio includes: 1250 Wood Branch Park Dr. 11931 Wickchester Ln. 10200 Richmond Ave. 2950 and 3030 S. Gessner Rd.
HOUSTON — Marcus & Millichap Real Estate Services has brokered the sale of Corporate Plaza, a 112,472-square-foot office building at 7001 Corporate Dr. in Houston. The building had a listed sales price of $2.5 million. David Ching and Edward Benton of Marcus & Millichap’s Houston office represented the seller, a bank/financial institution, in the transaction.
ARLINGTON — Andrews-Dillingham Properties Ltd. has acquired a 10,500-square-foot office building located at 501 W. Main St. in downtown Arlington. The building is 100 percent leased to JPS Health System. Beaux Riley of SCM Real Estate Services represented the seller and Gordon Smith Real Estate Services represented Andrews-Dillingham.
MURRIETA, CALIF. — Voit Real Estate Services has directed the REO sale of a 55,363-square-foot Murrieta office building. The two-story, multi-tenant building is situated on 2.86 acres at 29970 Technology Drive. Dan Vittone and Al Pekarcik of Voit’s Irvine, Calif., office represented both the buyer, Global Building, LLC, and the seller, a major financial institution.
MIAMI — Jones Lang LaSalle has completed the sale and financing of the 420,857-square-foot SunTrust International Center, an office building located at 1 SE 3rd Ave. in Miami. Terms of the sale and financing were undisclosed. Jeff Morris and Steve Echelson of Jones Lang LaSalle's Orlando, Fla., office and Jubeen Vaghefi and Denny St. Romain of the firm's Miami office represented the sellers, Stiles Corp. and an un-named partner. The buyer was Crocker Partners.
NEW BERLIN, WIS. — Stan Johnson Co. has negotiated the $30 million sale of the 359,625-square-foot BuySeasons office building, located at 5915 S. Moorland Rd. in New Berlin, to Angelo, Gordon & Co. Brett Butler of Stan Johnson Cos.' Houston office represented the seller, a Milwaukee-based developer.
HOUSTON — The Finial Group has been selected to provide leasing services for 3120 Southwest Freeway, a six-story, 90,000-square-foot office building in the Greenway Plaza submarket of Houston. Finial Group’s Keith Bilski, Neil Martin and Ben Debayle will handle the project’s leasing services.