Office

HAITH & CO. BROKERS 84,273-SQUARE-FOOT OFFICE SALE

by admin May 24, 2011

KANSAS CITY, MO. — Overland Park, Kan.-based Haith & Co. has brokered the sale of an 84,273-square-foot office building located at 7501 NW Tiffany Springs Pkwy. in Kansas City, less than three miles from Kansas City International Airport. The buyer was KC Residence LLC and the seller was Charford Inc. Zac Haith of Haith & Co. represented the seller and was tapped to lease the property by the buyer. The acquisition price was not released but the property traded for 25 percent of new construction costs.

May 24, 2011

SYNERGY SELLS BOSTON BUILDING FOR $11.5M

by admin May 24, 2011

BOSTON — Boston-based Synergy Investment & Development has sold the 50,673-square-foot Church Green Building, located at 101 Summer St. in Boston, to a Synergy/Independencia joint venture for $11.5 million. Bill Crean, Kevin Kennedy and Andrea Matteson of CB Richard Ellis' Boston office arranged the repositioning.

May 24, 2011

Office Texas

HFF CLOSES OFFICE SALE IN NORTHWEST HOUSTON

by admin May 24, 2011

HOUSTON — HFF has closed the sale of and arranged financing for 4600 Highway 6 North, a three-story, 53,037-square-foot office building in northwest Houston. HFF marketed the property on behalf of the seller, the Brookfield Real Estate Opportunity Fund, a division of Brookfield Asset Management. Rockwell Management Corp. represented the buyer. Renovated in 2007, the complex is 82 percent leased to tenants including JPMorgan Chase and the Attorney General's office. HFF arranged the acquisition financing through ViewPoint Bank.

May 24, 2011

Office Texas

BRADFORD TO MARKET GALLERIA PLAZA

by admin May 24, 2011

DALLAS — Bradford Commercial Real Estate Services has been chosen by Younan Properties Inc. to market the 12-story, 187,644-square-foot Galleria Plaza at 4851 LBJ Freeway in Dallas. Galleria Plaza's lead tenant is Benefit Mall, which occupies two floors totaling 37,691 square feet. Sharon Friedberg and Melanie Hughes of Bradford are tasked with leasing the office property that is currently 72 percent occupied. Friedberg and Hughes also lease Younan's NCP III at 12801 N. Central Expressway and 9400 NCX.

May 24, 2011

Office Southeast

WINDWOOD CENTRE SELLS FOR $8.45M

by admin May 23, 2011

VIRGINIA BEACH, VA. — The four-story, 77,622-square-foot Windwood Centre, a Class A office building located at 780 Lynnhaven Pkwy. in Virginia Beach, has sold for $8.45 million. Jason Oliver and Alexander Divaris of Viginia Beach-based Divaris Real Estate's Investment Sales Group represented the seller, Centralia Associates, a Berman Kappler Properties partnership. The buyer was Virginia-based Continental Capital Management.

May 23, 2011

Midwest Office

JANKO GROUP ACQUIRES PARKWAY CORPORATE PLACE

by admin May 23, 2011

SCHAUMBURG, ILL. — Deerfield, Ill.-based Janko Group has purchased Parkway Corporate Place in an off-market deal. The property consists of three single-story office buildings totaling 161,000 square feet. Tenants at the 58 percent leased property include ITW, Samsung, Career Education Corp. and Group Administrators. Janko has tapped the CB Richard Ellis team of Rob Graham and Dan Bessey to lease the property. The seller and purchase price were not released. This latest deal is one of three recent transactions completed by Janko in the Chicagoland market. The company purchased the note for an office building in Vernon Hills and acquired the former Holiday Inn Select in Naperville. It already owns Remington Business Center in Schaumburg as well as 850 and 900 Arlington Heights Road in Itasca.

May 23, 2011

Midwest Office

NORTHMARQ SECURES $15M FOR OFFICE REFI IN ILL.

by admin May 23, 2011

BUFFALO GROVE, ILL. — NorthMarq Capital has secured $15 million in first-mortgage financing for a five-story, 132,581-square-foot office building located at 485 Half Day Road in Buffalo Grove. Constructed in 2001 by the borrower, Millbrook IV LLC, the Class A property is occupied by Walgreens, Production Services and Ambius. The loan carries a 10-year term and a 25-year amortization schedule. Jeff Cherner of NorthMarq's Chicago office arranged the loan between Millbrook and the lender, Advantus Capital Management.

May 23, 2011

Office Texas

WGI INNOVATIONS EXTENDS LARGE OFFICE LEASE

by admin May 23, 2011

GRAND PRAIRIE — Westmount Realty Capital recently completed negotiations with WGI Innovations, Ltd. to extend the tenant's 231,034-square-foot office lease term at 602 Fountain Pkwy. in Grand Prairie. David Dunn of Dunn Commercial, LP represented the tenant in the transaction. 602 Fountain Pkwy. is a 300,000-square-foot office and warehouse facility located near State Highway 360 and Interstate 30.

May 23, 2011

Office Southeast

CBRE SIGNS THREE LEASES FOR 562,072 SF

by admin May 20, 2011

HAMPTON AND NORFOLK, VA. — CB Richard Ellis' Norfolk office has completed three leases totaling 562,072 square feet. Lumber Liquidators has signed two leases totaling 515,486 square feet at the 695,000-square-foot West Park, located in Hampton. Additionally, The Pasha Group has leased 35,949 square feet at West Park. For both transactions, Ashton Williamson, Worth Remick and Blake Dozier of CBRE represented the landlord. The Planning Council has leased 10,637 square feet at Norfolk Commerce Center IV, located near the intersection of Military Highway and Interstate 64 in Norfolk. Perry Frazer, Matt Wilbricht and Pat Mugler of CBRE represented the landlord and Deborah Sterns and Mike McCabe, Jr., of Norfolk-based Harvey Lindsay represented the tenant.

May 20, 2011

Office Southeast

MCSHEA TO LEASE, MANAGE 143,000SF OFFICE SPACE

by admin May 20, 2011

SILVER SPRING, MD. — Whitehall Business Archives has selected McShea & Co. to lease and manage more than 143,000 square feet of office space at TecHill One and TecHill Two, located at 12211 and 12215 Plum Orchard Dr. in Silver Spring. Tenants of TecHill One include Childrens Hospital and Mind Software. The 3M Corp. occupies TecHill Two.

May 20, 2011

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