RESTON, VA. – Odin, Feldman & Pittleman law firm has signed a 53,918-square-foot lease for office space, located at 1775 Wiehle Ave. in Reston. The firm will relocate from its current office, located at 9302 Lee Hwy. in Fairfax, Va., in the fall of 2012. Wendy Feldman Block and Julie Schuelke of Washington, D.C.-based Studley represented the tenant in the lease transaction. Jeff Roman and Mike Pepper of CBRE's McLean, Va., office represented the landlord.
FRISCO — Dallas-based Gearbox Software has pre-leased 61,000 square feet of office space at the $60 million Frisco Square development, which is designed by O'Brien Associates. Gearbox's new headquarters will add approximately 205 jobs. The eight-story development will feature 100,000 square feet of office space, 50,000 square feet of retail space and 220 residential apartment units. James Esquivel and Jeff Eckert of Jones Lang LaSalle's Dallas office represented the landlord, Frisco Square Development, in the leasing transaction. Baron Aldrine of CBRE's Dallas office represented the tenant.
LEXINGTON, KY. —Kentucky Spirit Health Plan has leased 36,430 square feet of office space in Chase Tower, located at 201 E. Main St. in Lexington. Ernie Arnold of Lexington-based The Gibson Co. represented the tenant in the lease transaction. Paul Ray Smith and Anne Kilcoyne of Lexington-based NAI Issac represented the landlord.
MARLBOROUGH, MASS. — KS Partners, a real estate investment and development company, has acquired a 113,050-square-foot office property, located at 33 Boston Post Rd. in Marlborough for $8.15 million. Tenants include BayPath, Forefield and Law Offices of Gary H. Kreppel. Richards Barry Joyce & Partners represented the buyer. James McCaffrey of Eastdil represented the seller.
NEW YORK CITY — Jen Kao, a designer of high-end women's fashion, has signed a 10-year lease for 9,715 square feet of office and showroom space at 10 Hudson Square in the Hudson Square neighborhood. Marc Schoen, Michael Schoen, Brian Neugeboren and Scott Kummings of Savitt Partners' New York City office represented Jen Kao in the transaction. The landlord is Trinity Real Estate.
ALLIANCE — HFF has arranged $24.5 million in financing for the 164,333-square-foot Heritage Commons IV, a Class A office building located at 13650 Heritage Pkwy. in Alliance. Tim Jordan and Travis Anderson of HFF's Dallas office arranged the 5-year loan through JPMorgan Chase Bank on behalf of the borrower, Global Income Trust. The building is fully leased.
OMAHA — The Industrial Realty Group of Downey, Calif. has purchased the former Connectivity plant at 125th and I streets. Ryan Zabrowski and R.J. Neary of Investors Realty negotiated the sale for Comscope of Hickory, N.C. The property includes a 140,000-square-foot office building and data center, and a 1 million square foot industrial building. The property was listed at $19.16 million but the closing price was undisclosed.
CHICAGO — Lawson Products, a distributor of maintenance, repair and operations supplies, is moving its Des Plaines headquarters to an office in Chicago and consolidating its distribution in McCook. The new headquarters are located at 8770 W. Bryn Mawr, where the company signed a lease for 86,000 square feet. The distribution center will be located at a 306,805-square-foot, build-to-suit facility at the CenterPoint Business Center. Construction is expected to be complete in August 2012. Colliers International represented Lawson in the McCook deal.
DALLAS — Younan Properties has sold the 953,622-square-foot Energy Square, a three-building, Class A office property located at 4849 Greenville Ave. in Dallas. Champion Property Co. and Lincoln Property Co. purchased the portfolio in a joint venture with Boston-based Long Wharf Real Estate Partners. The property is 82 percent leased to tenants such as New York Life, Jacobs Engineering, Davaco, Homecare Homebase, Reeder Energy and Hartline Dacus Dreyer. Evan Stone, Jack Crews and John Alvarado of Jones Lang LaSalle's Dallas office represented the seller in the transaction, which is the largest transaction in the Dallas/Fort Worth metroplex in 2011.
SUGAR LAND — HFF has brokered the sale of the 143,410-square-foot Two Sugar Creek Center, a six-story office building located at 77 Sugar Creek Center Blvd. in Austin. The property is 72 percent occupied. Dan Miller, Trent Agnew and Brad Elmore of HFF's Houston office represented the seller's asset manager, National Asset Services, in the transaction. The buyer is a private Boston-based firm.