ASHBURN, VA. — Seattle-based Sabey Data Center Properties has acquired a 38-acre land parcel within the 84-acre Ashburn Technology Park in Ashburn from Baltimore-based St. John Properties for $17 million. Sabey will begin construction in late summer on a three-building, 490,000-square-foot data center, which will be leased to a variety of tenants upon completion. John Ryan of CB Richard Ellis' McLean, Va., office and Kesh Tayal of Keller Willams' McLean office represented the buyer in the transaction.
HUNTERSVILLE, N.C. — Performance Team has signed a 185,570-square-foot lease for office space at 13201 Reese Blvd. in Huntersville. Terry Brennan of Trinity Partner's Charlotte, N.C., office represented the tenant in the transaction and Brad Cherry of Jones Lang LaSalle's Charlotte office and Rob Speir, formerly of Jones Lang LaSalle, represented Panattoni Development Co., the landlord.
BALTIMORE — Chase Brexton Health Services has purchased a 192,049-square-foot office building, located at 1111 N. Charles St. in Baltimore, from Ausa Properties for $6.7 million. Terri Harrington of Lutherville, Md.-based MacKenzie Commercial Real Estate Services represented the buyer in the transaction and David Downey of Cassidy Turley's Baltimore office represented the seller.
OMAHA, NEB. — NuStyle Development has purchased the 250,000-square-foot former Enron headquarters building, located at 24th and Dodge streets in Omaha. NuStyle plans to renovate the property and turn it into a 180-unit apartment building. The renovation will include new windows, mechanical and electric systems. R.J. Neary and Ryan Zabrowski of Omaha-based Investors Realty represented the buyer in the transaction. The Lund Co. represented the seller, an Omaha-based bank that took the property back in foreclosure in 2001.
THE WOODLANDS — Webber, an infrastructure construction company, has leased 19,189 square feet of office space at 9303 New Trails in The Woodlands. The transaction marks Webber moving its headquarters to the newly leased space. Griffin Partners’ Dan Starr, Chris Lewis and Drew Lewis represented Webber, and Dennis Conine of Conine & Associates represented the landlord, Town Center Development Co.
NEW YORK CITY — Seattle-based Sabey Data Center Properties has acquired a condominium interest encompassing 29 floors of the 32-story Verizon Building at 375 Pearl St. in Manhattan for $120 million. Sabey obtained financing from lenders National Real Estate Advisors to complete the acquisition. Sabey plans on developing the space to be a data processing center called Intergate.Manhattan that should come online in 2012. Cushman & Wakefield’s Sean Brady and Jeffrey Heller represented Sabey and Ron Solarz of Eastern Consolidated represented Sabey’s partner Youngwoo & Associates. CB Richard Ellis represented the sellers, M&T Bank and Taconic Investment Partners.
SOUTHLAKE — Mike and Nicole Tesoriero, owners of Southlake Style magazine, have purchased an office building at 260 Miron Dr. in the Miron Grove Office Park in Southlake. Miron Grove Office Park has five existing buildings ranging from 3,200 to 5,900 square feet. The site will be the new home for Southlake Style, which won Southlake’s small business of the year in 2006. Mark Boone of Realty Capital Corp. represented the seller, RCC Miron Office, Ltd., in the transaction.
CORAL GABLES, FLA. — Renovations on the seven-story South Tower, a Class A office building located within the 273,000-square-foot 396 Alhambra, a mixed-use development in Coral Gables, have finished. The 87,000-square-foot building has already leased 30,000 square feet of office space to tenants including RTKL Associates; Terra Networks; Citibank; and KabooKaboo. Work on 396 Alhambra, located at 396 Alhambra Circle in Coral Gables, began in early 2009. Renovations to South Tower included replacement of the building's windows with hurricane resistant glass, in addition to an overhaul of the plumbing systems, HVAC units, elevator cabs and electrical components. Due to the modernizations, South Tower is set to achieve LEED Silver certification. Miami-based The Fullerton Group designed the building, which is being constructed by Balfour Beatty.
CHICAGO — Behinger Harvard has refinanced the maturing debt on the more than 1 million-square-foot One Financial Place in Chicago. JP Morgan Chase provided the new 2-year financing, which offers three one-year extension options.
FRISCO — Four tenants have signed new leases in Frisco’s Hall Office Park development with landlord Hall Financial Group. Hall Office Park is comprised of more than 3 million square feet of office space sitting on 162 acres. Kim Butler, Tammy Lomonaco and Brad Gibson represented Hall Financial in-house in the following transactions: Conifer Health Solutions, a Tenet Texas subsidiary, has renewed its 2,809-square-foot lease at 2401 Internet Blvd. Tenet Texas has a total presence of 75,150 square feet in Hall Office Park. ZeOmega has expanded its lease to 7,411 square feet at 3010 Gaylord Pkwy. Montford Management has renewed its 2,919-square-foot lease at 2601 Network Blvd. Michael McCartan of Mark Five Commercial, Inc. negotiated the lease on behalf of Montford Management. Hip Digital Media Inc. has renewed its lease for 1,326 square feet at 2601 Network Blvd.