CARROLLTON — Cleveland-based PAI Dallas has sold a 32,480-square-foot office/warehouse in Carrollton to M-D Investments. The property sits on 1.9 acres at 2555 Tarpley Rd. in the Trinity Square Business Park. Brian Pafford and Kevin Santaularia of Bradford Commercial Real Estate Services represented PAI Dallas, and Jean Russo of Cushman & Wakefiled of Texas Inc. represented M-D Investments. The warehouse includes 1,6800 square feet of office space, four dock doors and 50 parking spaces.
PORTLAND, ORE. — Melvin Mark Capital Group has arranged financing for two California projects. The group arranged a $20-million loan with a CMBS lender for the 187,094-square-foot 2201 Broadway office building in Oakland, Calif. It contains a 10-year, fixed-rate term with a 30-year amortization period. The group also arranged a $4.5-million loan with a life insurance company for the four-story Aventerra Apartments in Berkeley, Calif. The property contains ground-floor retail. It carries a five-year, fixed-rate term with a 25-year amortization period.
SANTA ANA, CALIF. – A 32,365-square-foot office building located at 801 Parkcenter in Santa Ana has sold to 801 RCA Venture, LLC for $3.7 million. The building contains 15 units leased to 12 tenants. The buyer purchased the property with all cash. It later secured permanent financing through a Life Company correspondent, which was arranged by the Alison Company. The buyer was represented by Gillett Commercial's Denny Pender. The seller was represented by Professional Real Estate Services.
HUBER HEIGHTS, OHIO — EnTrust Realty Advisors has negotiated the sale of the 49,453-square-foot Good Samaritan Health Center, a medical office building in Huber Heights. The two-story building is 80 percent leased and is anchored by Good Samaritan Hospital, which leases half of the space. EnTrust represented the seller, The Alter Group. The buyer is a joint venture established by Columbus, Ohio-based Equity, Inc.
SOMERSET, N.J. — New-Jersey based Denholtz Associates has brokered the long-term lease renewal and expansion with Galaxy Systems for its 51,000-square-foot location at Somerset Executive Square in Somerset. Michael Morris and Rich Madison of Newmark Knight Frank represented Galaxy in the negotiations. Somerset Executive Square is a three-building office complex located at 2 Executive Dr. that comprises 250,000 square feet.
HOUSTON — Bio-Path Holdings, Inc., has consolidated its offices into one central location in Houston. Bio-Path will now be headquartered at 2626 South Loop, Suite 180, which is located on the south side of the Texas Medical Center near The University of Texas MD Anderson Cancer Center. Bio-Path is a biotechnology company developing a liposomal delivery technology for nucleic acid cancer drugs.
WALNUT CREEK, CALIF. — One Concord Center has increased its occupancy from 43.2 percent to 78.3 percent. Recent leases include 24,960 square feet to Sutter Health; 24,960 square feet to Swinerton Corporation;15,680 square feet to Towill Inc.; a 11,208-square-foot lease renewal to Progressive Insurance; 9,789 square feet to TRC Environmental; 7,987 square feet to Jacobs Engineering; and less than 4,000 square feet to Rimkus Consulting, Pacific Pension, Business Thru Government, Closure Solutions, Validus Corporation, Carotrans International, Lamar Advertising Company and Pacer. One Concord Center is a Class A office building composed of 358,589 square feet and 15 stories.
CHESAPEAKE, VA. — Parkway Properties has sold Greenbrier Towers I & II, located in the Greenbrier area of Chesapeake, Va., for $16.7 million. The properties total 172,000 square feet and were 87 percent occupied at the time of close.
CHICAGO — Jeff Cherner with NorthMarq Capital's Chicago office has arranged $8 million in financing for a 67,690-square-foot office building located at 114 S. Racine in Chicago. Major tenants include Intercultural Montessori School, CCMSI and C.H. Robinson Worldwide. Financing was based on a 7-year term with a 25-year amortization schedule and was secured on behalf of the borrower, The Sterling Bay Cos., through a regional bank.
NEW YORK CITY — Getty Images has signed a 15-year lease for 82,844 square feet of office space for One Hudson Square in New York City. Getty Images occupies the entire 77,844-square-foot seventh floor and 5,000 square feet of basement space. One Hudson Square is Trinity Real Estate’s flagship 1.1 million-square-foot property and is now 100 percent occupied. The asking rent for One Hudson Square is $50 per square foot. Brian Waterman, Lance Korman, Daniel Levine and Matthew Feigen of Newmark Knight Frank represented Getty Images and Marc Packman represented Trinity Real Estate in-house along with Robert Constable, Andrew Peretz and Mikael Nahmias of Cushman & Wakefield Inc.
