MARINA DEL REY, CALIF. — C3 Jian has leased 34,544 square feet of office flex space inside a 60,500-square-foot life science building at 4503 Glencoe Ave. in Marina del Rey. The company plans to use the space, which was previously occupied by Abraxis, for biomedical research and production. The 10-year lease is valued at more than $10 million. C3 Jian was represented by Mathew Miller of CRESA Partners. The building’s owner, Hankey Investment Company, was represented by Jones Lang LaSalle’s Chris Strickfaden and Scott Dobbins, who worked in-house on behalf of Hankey.
ATLANTA — Toronto-based Avison Young has assumed the property management and leasing portfolio of four Atlanta area developments totaling 600,000 square feet from Atlanta-based Barry Real Estate Cos. The properties include 30 Allen Plaza, Lenox Plaza, Lenox Center and 2045 Peachtree. Avison Young will also relocate its Southeastern offices to 30 Allen Plaza.
CHICAGO — NorthMarq Capital has arranged $8.3 million in first mortgage financing for an eight-story office building, located at 626 W. Jackson in Chicago. Jeff Cherner and Rup Patel of NorthMarq's Chicago office arranged the financing with a 5-year term and a 25-year amortization schedule through First Merit Bank on behalf of the borrower, an affiliate of Chicago-based Sterling Bay Cos. The property is currently 100 percent leased.
EAST FISHKILL, N.Y. — China-based Linuo Power Group has acquired a former IBM facility, an approximately 1 million-square-foot office complex known as Hudson Technology Campus, located in East Fishkill, for $4.5 million. Gerard Hallock and Stephen Westerberg of Colliers International's Stamford, Conn., office and Prudential Serls Prime Properties Commercial represented the undisclosed seller.
LEWISVILLE — Caliber Collision Centers is slated to move its corporate headquarters from California to 401 E. Corporate Dr. in Lewisville in mid-November. The company leased 16,397 square feet of office space from the landlord, GL Corporate Pointe. Andrew Taguwa of Jones Lang LaSalle's Dallas office represented the tenant, and Buddy Tompkins of CASE Commercial Real Estate Partners' Dallas office represented the landlord.
BALTIMORE — Cassidy Turley has arranged $38.5 million in permanent financing for a 222,578-square-foot office building, located at 1001 Fleet St. in Baltimore. John Campanella of Cassidy Turley's Washington, D.C., office secured the financing on behalf of the owner, H&S Properties Development Corp.
PARSIPPANY, N.J. — CBRE arranged $10 million in financing for Jeffroad Green, a partnership between Prism Capital Partners and Greenfield Partners, for the acquisition and renovation of a 178,346-square-foot office building, located at 399 Jefferson Rd. in Parsippany. James Gunning and Donna Falzarano of CBRE's Saddle Brook, N.J., office arranged the financing with a 3-year term through a local commercial bank. The property is currently 46 percent leased to tenants such as Pinnacle Foods, which recently expanded its lease agreement by 11,000 square feet.
HOUSTON — CBRE has brokered three leases totaling 20,751 square feet at the 22-story Capital One Plaza, a Class A office tower located at 5718 Westheimer in Houston. Daw & Ray renewed a 11,617-square-foot lease; Mutual Money Investments leased 7,403 square feet; and Orr Financial Group leased 1,731 square feet. Dave Hanusa and Cody Armbrister of CBRE's Houston office represented the landlord, UBS Realty Investors, in all three transactions. Lispah Hogan of Newmark Knight Frank's Houston office represented Daw & Ray in its lease negotiations.
FRISCO — Six tenants have signed new leases totaling approximately 15,000 square feet at Hall Office Park, located at 6801 Gaylord Pkwy. in Frisco. National Envelope has expanded its lease by 3,573 square feet; Viamedia has expanded its lease to 3,935 square feet; Bismarck Real Estate Partners has renewed its 3,452-square-foot lease; Tensar International Corp. has leased 1,593 square feet; Norandex Building Materials Distribution has renewed its 1,326-square-foot lease; and Integrated Scientific Systems has renewed its 925-square-foot lease. Frisco-based Hall Financial Group owns the office park and was self-represented by Kim Butler, Tammy Lomonaco and Brad Gibson.
ALEXANDRIA, VA. — Cassidy Turley has brokered the $21 million sale of a 129,564-square-foot office building, located at 601 N. Fairfax St. in Alexandria. Jayne Shister of Cassidy Turley's Washington, D.C., office represented the undisclosed seller in the transaction. The buyer was 601 NF Associates, which plans to convert the building to residential use.