Office

BOSTON, MASS. — Colliers International has secured a $25 million bridge loan for the 223,445-square-foot, 11-story Two Oliver Street, a Class A office building, located in the center of the Financial District in Boston. Kevin Phelan, Stephen Horan and Ryan Bradley of the Boston office represented the borrower, P6/Saracen Two Oliver Real Estate, a joint venture between Saracen Properties and AEW Capital Management, L.P. Webster Bank, the main subsidiary of Webster Financial Corp., financed the transaction.

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CLAREMONT, CA – Colliers International has sold a 16,496-square-foot office building for $4 million. Located at 358-398 W. Foothill Blvd., the building was originally constructed in 1958 and has since undergone two remodels. Han Chen, a senior associate in Colliers’ Downtown Los Angeles office, represented the buyer. NAI Capital’s Cheryl Pestor represented the seller, Community Commerce Bank.

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OXNARD, CA – DeVry and NewLeads have signed leases for space at the 600,000-square-foot Topa Financial Plaza. DeVry, a professional school, will occupy 15,000 square feet at 300 E. Esplanade Dr. starting in July. NewLeads, which provides management solutions and trade show lead retrieval software, will occupy 7,000 square feet at 400 E. Esplanade Dr. beginning in August. DeVry was represented by Newmark Knight Frank. NewLeads was represented by Bill Kiefer and Steve Doll of NAI Capital’s Ventura County office. Kiefer and Doll also represented the plaza’s owner, Topa Management, in both leasing transactions.

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ASHEVILLE, N.C. — A local investment group has purchased the 57,000-square-foot Biltmore School Building, located on Hendersonville Road in Asheville, to restore the structure and create professional office space. Rick Grant of Asheville-based Beverly-Grant is leading the development team and Alan McGuinn of CJMW Architecture's Asheville office will oversee the project, which will include restoring the facade with original design elements and upgrading major systems including plumbing, electrical and high-efficiency HVAC. The total expected cost is $12 million.

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MANCHESTER, N.H. — Danais Realty Group has purchased the 12-lot, 126-acre Phase I of the Northwest Business Park at Hackett Hill from the City of Manchester for $2.8 million. Danais plans to build up to 1.2 million square feet of office, R&D, manufacturing, warehouse and distribution space on the currently undeveloped site. CB Richard Ellis is the listing agent for the Northwest Business Park.

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DENVER — Jones Lang LaSalle has leased 17,000 square feet of Class A office space at Republic Plaza to Unicom Capital. The investment management firm is a current resident of the 56-story office tower, and will expand its occupancy by 7,000 square feet. Peter Schippits, senior vice president at Jones Lang LaSalle, represented the landlord, Brookfield Office Properties, in the lease transaction. Scott Mueller, vice president of Unicom, and Phillip Larson of Larson Bushell, represented Unicom Capital.

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PLANTATION, FLA. — CB Richard Ellis Capital Markets arranged the sale of the 135,819-square-foot office building Southpointe I, located at 7850 SW 6th Ct. in Plantation, to Government Properties Income Trust for $40.75 million. Christian Lee, Charles Foschini and Christopher Apone of CBRE's Miami office marketed the property on behalf of the seller, Federal Partners.

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CHICAGO — Bankers Life & Casualty Insurance Co., a wholly owned subsidiary of CNO Financial Group, has signed a 134,724-square-foot lease at 111 E. Wacker Drive in Chicago's East Loop. The tenant will occupy four floors of the 32-story tower for an 11.5-year term. Bankers L&C will relocate from 600 West Chicago to the new space next February. Brian Whiting and Jack McKinney, Jr., of J.F. McKinney & Associates represented the landlord, Parkway Properties, in lease negotiations. Lisa Konieczka of CB Richard Ellis represented Bankers L&C. Criag McKesson of Jones Lang LaSalle helped arrange the early termination of the lease for the space's current tenant, Health Care Service Corp.

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