DECATUR, GA. — Cushman & Wakefield has negotiated the sale of the 122,000-square-foot 160 Clairemont, a Class A office building located at 160 Clairemont Ave. in Decatur. The building was 78 percent leased at the time of the sale. Stewart Calhoun, David Meline, Samir Idris and Casey Masters of Cushman & Wakefield's Atlanta office represented Lexington Realty Trust, the seller, in the transaction. Miami-based Parmenter Realty Partners was the buyer.
MANHATTAN — MetLife Inc., through its real estate investments department, has provided a $350 million fixed-rate mortgage for an office condominium at the Bertelsmann Building, located at 1540 Broadway in Manhattan. The Bertelsmann Building is a 44-story office building and tenants include Viacom, Shaw Pittman LLP and Yahoo! The borrower is a joint venture between affiliates of Edge Fund Advisors and HSBC Alternative Investments.
SAN CARLOS, CALIF. – Game developer Kabam has leased 57,000 square feet at the Class A Skyway Landing office campus in San Carlos. The company plans to relocate from the 40,000-square-foot facility it currently occupies in Redwood City, Calif. Kabam was represented by Elizabeth Hart and Jon Mackey of Cornish & Carey Newmark Knight Frank. Kristoph Lodge, Jack Troedson and Graham Woodall, also of Cornish & Carey, represented the landlord, Equity Office, in this transaction.
CHICAGO — Dallas-based Behringer Harvard has closed on $340 million in financing for its Behringer Harvard REIT I Inc. The secured credit includes a $200 million loan and a $140 million revolving credit facility, each with a three-year term and two one-year extension options. The $340 million will be used to refinance 10 & 120 S. Riverside Plaza in Chicago. KeyBanc Capital Markets and J.P. Morgan Securities arranged the credit facility on the deal.
MANHATTAN — Beth Israel Medical Center has signed a 112,941-square-foot, 15-year lease renewal for office space at 555 W. 57th St. in Manhattan. The health care provider will remain in the 20-story, 975,983-square-foot building, which is 99 percent occupied. Josh Kurlioff of Cushman & Wakefield represented Beth Israel. The landlord is SL Green Realty Corp.
NEW ROCHELLE, N.Y. —Purchase, N.Y.-based WestMed Medical Group, a multi-specialty group medical practice, has leased 28,000 square feet of medical office space at 171 Huguenot Ave. in New Rochelle, N.Y. Frank Tomasulo of CBRE represented the tenant, WestMed, and CBRE's William Cuddy, Jr. and Budd Wiesenberg represented the owner, Silwis LLC in the transaction. WestMed plans to occupy the facility in 2012.
FORT WORTH — Global Income Trust has purchased the 164,000-square-foot Heritage Commons IV, a Class A office building located in Fort Worth in the AllianceTexas master planned development, for $31 million. The property is fully leased to Mercedes-Benz Financial Services USA. Global Income Trust is sponsored by CNL Financial Group.
RICHARDSON — Franklin Street Properties Corp. has purchased the 122,300-square-foot AT&T Services Building, an office building located at 1410 Renner Rd. in Richardson. The property is fully leased to AT&T Services through 2018 and is a part of the Richardson Telecom Corridor. The property also has two subtenants — Stewart Title of North Texas and The Dallas Morning News, owned by A.H. Belo. Gary Carr, Eric Mackey and Russell Ingrum of CBRE's Dallas office represented the seller, LBA Realty, in the transaction.
DALLAS — Wells Fargo Capital Finance has signed a lease expansion/renewal for a total of 51,836 square feet of office space at the International Plaza III building, located at 14241 Dallas Pkwy. in Dallas. Tim Terrell of Dallas-based Stream Realty Partners and Jim Fish of Travers Realty's west Los Angeles office represented the tenant. The landlord is Newport Beach, Calif.-based KBS Realty Advisors.
SAN DIEGO — Jones Lang LaSalle’s landlord leasing group has executed two office leases in San Diego totaling 38,307 square feet. The first was for VantagePoint Laboratory Partners, which leased 13,766 square feet of laboratory space at Sorrento Canyon Tech Center in the Sorrento Mesa submarket. The 60–month lease is valued at $1.34 million. VantagePoint was represented by David Marino and Shane Poppen of Hughes Marino. Sorrento Canyon’s landlord, Embarcadero Capital, was represented by JLL’s Chad Urie, Ryan Grove and Grant Schoneman. The second lease was for Chart Sequal Technologies, which leased 24,541 square feet of office space at the Pulse Building in the Carmel Mountain Ranch submarket. The 88-month lease is valued at $2,219,000 million. Chart Sequel was represented by Studley’s Ron Magnaghi and Bryan Geisbauer. Pulse’s landlord, World Trade Partners, LLC, was represented by JLL’s Jay Alexander and Ryan Grove.
