HOUSTON — Brookfield Office Properties has sold 1400 Smith St. in downtown Houston, a 1.3 million-square-foot office tower, for $340 million to Chevron, which leases the entire building. Known as Four Allen Center, it is located just east of Interstate 45 in downtown Houston. Chevron has leased the entire 50-story property since 2006. Jeff Hollinden and Dan Miller of HFF advised Brookfield Office Properties in the transaction.
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HOUSTON — Broadstone Real Estate, LLC has announced that Broadstone Net Lease, Inc. (BNL) has completed the acquisition of three absolute net-leased properties for a combined purchase price of $9.5 million. Two of the properties are Houston medical office properties comprising 30,500 square feet of space. Both are leased to FM 1960 Family Practice for the next 12 years. General practitioners, eye physicians, respiratory specialists, oncologists and other medical groups utilize the space.
SAN DIEGO — Atkins North America has signed a 94-month lease at Gateway at Torrey Hills in Del Mar Heights, Calif. The lease is valued at $5.5 million. The engineering and design consulting firm was represented by Shawn Lorentzen of Jones Lang LaSalle. Cassidy Turley BRE Commercial's Joe Anderson, Rick Reeder and Dave Odmark represented the landlord, Prudential Real Estate Investors.
SALT LAKE CITY — CB Richard Ellis has brokered three long-term office leases at the 88,000-square-foot Lone Peak Center in Draper, Utah. Sales support call center O’Currance Teleservices leased 19,000 square feet, software development organization Xennsoft leased 8,000 square feet and peer-to-peer lending company Prosper leased 11,500 square feet. CBRE's Tab Cornelison represented the landlord, Maier Siebel Baber, in the transactions. CBRE's Scott Wilmarth represented O’Currance Teleservices.
WESTBOROUGH, MASS. — Jones Lang LaSalle has brokered the $20.1 million sale of 25 and 29 Research Drive in Westborough, a 320,912-square-foot office campus with up to 500,000 square feet of expansion potential. Scott Jamieson, Michael Smith, Phil DeSimone, John Duffy and Brandon Dickason of the firm's Boston office represented the seller and procured the buyers, National Development and Charles River Realty Investors.
WEST HAVEN, CONN. — Oyster River Realty has purchased a 28,890-square-foot office building, located at 560 Saw Mill Rd. in West Haven, for $1.5 million from Smart Technologies. Alan M. Fischer of Orange, Conn.-based Fischer Real Estate represented the seller and Michael Freda of North Haven, Conn.-based Connecticut Realty Partners represented the buyer.
PHOENIX – Jones Lang LaSalle has expanded its Phoenix-based office space by 35 percent, and named Pat Williams as head of the firm’s tenant representation broker team. The new office will occupy 11,934 square feet at 3131 E. Camelback Rd. in Phoenix. Williams is an 11-year industry veteran who will head the Jones Lang LaSalle's Phoenix tenant representation team.
PHOENIX – Cassidy Turley BRE Commercial has sold Lakeside Center, a multi-tenant office park in Phoenix, for $5.44 million. The 152,600-square-foot park was purchased by Houston-based Boxer Properties. The seller was Phoenix-based Trident Pacific Real Estate Group, which acted as a court-appointed receiver on behalf of Midland Loan Services. Cassidy Turley's Eric Wichterman, Mike Coover, Bob Buckley, Tracy Cartledge, Steve Lindley, Gordon Raguse and Tom Jacobs represented both the buyer and the seller.
CALVERTON, MD. — Merritt Properties has signed two new tenants at the 123,144-square-foot Calverton Corp. Center, located at 3901 Calverton Blvd. in Calverton. The Cruise Web signed a lease for 14,799 square feet to relocate its corporate headquarters in July and Atkins will relocate from its current Beltsville, Md., office to 27,763 square feet in November. Ron Burkhardt of Newmark Knight Frank's Los Angeles office represented The Cruise Web and Mike Isen and Allen Cornell of Lanham, Md.-based NAI Michael Cos. represented Merritt. In the other transaction, Merritt was self-represented by Steve Shaw and Bryan Rodriguez of Jones Lang LaSalle's Tampa, Fla. office, Mike Singer of the firm's Baltimore office and Mia Costa of the firm's Bethesda, Md., office represented Atkins.
WAKEFIELD, MASS. — Digital Realty Trust has completed Phase I of a major capital improvements program at 200 Quannapowitt Pkwy. in Wakefield. The 210,000-square-foot office space has been redeveloped into a state-of-the-art data center. The building is part of 100 & 200 Quannapowitt Pkwy., a 387,000-square-foot office and technology center. Tamie Thompson and Greg Zais of Jones Lang LaSalle's Boston office are the leasing agents for the property.