PHOENIX — Colliers International has negotiated the $5.96 million acquisition of the 141,784-square-foot Arcadia Corporate Center, located at 3102 North 56th Street in Phoenix. Colliers’ Todd Noel and Keith Lambeth represented the buyer, Great Hearts Academies of Phoenix, in the transaction, and Joe Holeva of Praedium Advisors represented the Scottsdale, Ariz.-based seller, 3102 N56 LLC. Situated on approximately 13.5 acres in the elite Arcadia neighborhood, the two-story, campus-style building will be the home of Veritas Preparatory Academy (grades 6-12), Archway Classical Academy–Veritas (K-5) and Great Hearts Academies’ headquarters.
MIAMI LAKES, FLA. — HeartWare, Inc., has leased a 131,000-square-foot facility at 14000-14050 NW 57th Ct., Miami Lakes, for an undisclosed amount. HeartWare was represented in the transaction by Jones Lang LaSalle's Keith Edelman and Scott Goldstein. Jim Armstrong of The Easton Group and Lee Kastikos of The Kastikos Group represented the property owners, Marcus Partners and The Easton Group. As part of the firm's expansion plans, the space will serve for research and development, as well as manufacturing and administrative functions.
WASHINGTON, D.C. — The Air Line Pilots Association renewed their lease for 10,366 square feet at 1625 Massachusetts Ave. NW, Washington, D.C., for the next 7 years. Washington, D.C.-based West, Lane & Schlager negotiated on behalf of ALPA. Although new locations were considered, ALPA decided to stay at their current address.
SCHAUMBURG, ILL. — J.C. Anderson has completed a 35,000-square-foot build-out for Career Education Corp. in Schaumburg. Located at 915 National Parkway within Parkway Corporate Place, the project included demolition of existing the suite and build-out of a new office space, including ceilings, flooring, offices, training rooms and break rooms. IA Interior Architects provided architectural services for the project.
CHICAGO — Stifel Nicolaus has selected Reed Construction to complete a 50,000-square-foot office build-out for the company's Chicago office. Located within Three First National Plaza at 70 W. Madison, the build-out project includes the renovation of the 24th and 25th floors, including the construction of a new lobby, new executive offices with glass and wood-crafted facades, and a new video-conferening system. Whitney Associates is providing architectural services for the project, which is slated for completion this spring.
WALTHAM, MASS. — Holliday Fenoglio Fowler (HFF) has secured a $35 million loan to refinance an office/R&D building located in Waltham. The two buildings contain a total of 200,928 square feet of space and are located at 50 and 60 Sylvan Road within the Reservoir Woods East Campus. Verizon Laboratories is the sole tenant of both buildings. Amenities include a full-service cafeteria, a conference center and an on-site credit union. The borrower is a joint venture between Prudential Real Estate Investors, The Davis Companies and Marcus Partners. The HFF team of Riaz Cassum and Greg LaBine arranged the loan.
WASHINGTON, D.C. — The Rockefeller Group has partnered with Mitsubishi Estate New York to acquire 1101 K Street Northwest in Washington, D.C. A joint venture between JBG Companies and Rockwood Capital sold the Class A office for an undisclosed price. Built in 2006, the 10-story, 291,480-square-foot property is currently 80 percent occupied. The property features a two-story lobby, 9- to 10-foot ceiling heights, floor-to-ceiling windows, a rooftop deck, a fitness center, state-of-the-art building systems, underground parking and a restaurant, Brasserie Beck.
STAMFORD, CONN. — Cushman & Wakefield Sonnenblick Goldman has arranged a $38 million permanent locan for 1600 Summer St., a 261,000-square-foot, Class A office tower located in Stamford. The loan carries a 15-year term and was provided by a life insurance company. The borrower was Benenson Capital Partners, which also developed the property in 1980 and has owned it continuously since then. The office building is fully leased to three tenants: General Electric, Philips Electronics and AON Corp.
DALLAS — AccentCare, a home healthcare company, is relocating its corporate headquarters from Irvine, Calif., to Dallas. The company has signed a lease for nearly 33,000 square feet at Briargrove Pl., a Class A office property owned and managed by Crown Sterling Properties at 17855 N. Dallas Pkwy. in Dallas. Brian Griggs and Tom Dyer handled the transaction for Crown Sterling Properties, while Steve Jarvie of Jones Lang LaSalle represented AccentCare.
AURORA, ILL. — Syndicated Equities has acquired a single-story office building in Aurora for an undisclosed price. Located at 1325 N. Lake St., the 12,500-square-foot property is fully occupied by the Social Security Administration. Additional terms of the transaction were not released.