WASHINGTON, D.C. — CB Richard Ellis has negotiated the sale of the eight-story 1301 and 1317 Connecticut Avenue, a boutique office building and three-story retail property in Washington, D.C. Bill Prutting, Jr., William Kaye, Randall Heilig and Seth Benhard of CBRE's Washington, D.C., office represented the seller, New York-based Norvin Partners. The buyer was San Francisco-based Shorenstein.
NEW YORK CITY — Aragon Construction has finished a 17,000-square-foot office building built from the ground up for MDC Partners at 73 Fifth Ave. MDC will occupy the space on the 19th floor. Aragon completed the project in conjunction with TPG Architecture. Other tenants in the building include Bergdorf Goodman, Paramount Group and Schroder & Kopel.
RICHARDSON — Tampa, Fla.-based Carter Validus Mission Critical REIT, Inc. has acquired a 20,000-square-foot data center for $28.9 million in Richardson. The property is 100 percent leased by a national health organization. The data center supports technology infrastructure equipment deployment on more than 10,000 square feet of 36-inch raised floor space. There are diverse feeds from two power substations what provide redundant power supporting 1.68 megawatt of critical load power, expandable to 2.25 megawatts.
NEW YORK CITY — People’s Daily, a Chinese news agency with a circulation of 3 million, has leased office space in the Empire State Building. Clyde Reetz and Yuan Tang of CB Richard Ellis represented People’s Daily in the lease negotiations. Newmark Knight Frank’s William Cohen and Ryan Kass represented the landlord. The news agency occupies the 30th floor of the 2.85-million-square-foot building.
FORT WORTH — Regus Group-North Dallas has renewed its lease of 19,764 square feet of office space at the Western Insurance Building in Fort Worth. Chris Wright and Noreen Mehdi of Grubb & Ellis Co. represented Bridgestone Realty, part of The Navika Group of Companies, in the transaction. Western Insurance Building is an 84,831-square-foot Class A office building located at 5601 Bridge St. Wright and Mehdi worked with Bridgestone’s Naveen C. Shah and Chirag Tolia in the transaction.
SAN JOSE, CALIF. – Bixby Land Company purchased a 164,000-square-foot office campus inside Silicon Valley's Golden Triangle for $19.5 million. The firm plans to invest an additional $11.4 million to renovate the property, which will be completed later this year. Bixby purchased the campus' three vacant office buildings in two separate transactions with sellers Peery Arrillaga and NSJ Investors, LLC. Colliers' Craig Fordyce, Jim Beeger and Mike Rosendin represented NSJ Investors in the sale of 251 and 281 River Oaks Parkway. Peery Arrillaga represented itself in the sale of 211 River Oaks Parkway. Bixby represented itself in both acquisitions.
RICHMOND, VA.— United Network for Organ Sharing has purchased a 51,723-square-foot office building, located at 501 N. 2nd St. in Richmond for $2.5 million. The company also plans to occupy the space. Mark Douglas and R. Scott Douglas of Cushman & Wakefield's Richmond office handled the sales negotiations.
HOOVER, ALA.— Harbert Realty Services has arranged the sale of a 57,000-square-foot office building and its surrounding 78 acres in Hoover, Ala. The facility was originally built as the corporate offices of Harbert Corp. Alabama Telco Credit Union plans to move it's headquarters to the building during the first quarter of 2012. Dean Nix with Harbert Realty's Birmingham, Ala., office represented Harbert Corp. and Walter Brown of Graham & Co.'s Birmingham office represented the buyer.
MAITLAND, FLA. — Brookwood Financial Partners has acquired the 204,237-square-foot Maitland 200, a Class A multi-tenant office building located at 2301 Maitland Center Pkwy. in Maitland. The building is 95.7 percent leased to tenants including Camp Dresser McKee, Digital Risk, the Florida Department of Revenue, ADP TotalSource and Penn Mutual Life Insurance Co. Christian Lee, Charles Foschini and Christopher Apone of CBRE’s South Florida offices secured the financing from JP Morgan, and Ron Rogg, also of CBRE, represented the seller.
PERINTON, N.Y. –– NorthMarq Capital has arranged a $6.5 million mortgage for Basin Park, a 14,513-square-foot office property located at 1150-1160 Pittsford Victor Road. Michael James of NorthMarq’s upstate New York office arranged the financing through NorthMarq’s correspondent relationship with Sun Life Assurance Co. of Canada. Financing was based on a 10-year term with a 20-year amortization schedule.