AURORA, CO — Brookwood Financial Partners, LLC, has purchased the Denver Highlands, a 234,423-square-foot office building that was formerly known as Legacy Highlands. The nine-story, Class A property, which was built in 1985 and renovated in 2006, is situated on 5.6 acres in Aurora, CO, a submarket of Denver. It was 87.3 percent leased and occupied at the time of closing. The seller was represented by Frederick Ross, an affiliate of Newmark Frank.
ORLANDO, CRYSTAL RIVER & JACKSONVILLE, FLA. — Duke Realty Corp.'s Orlando office has been selected to develop three LEED certified offices in Florida. Raleigh, N.C.-based Progress Energy has chosen Duke Realty as the design-build general contractor of a 73,000-square-foot office, laboratory and warehouse facility at its Crystal River Energy Complex in Crystal River, to open in the second quarter of 2012. Brazil-based Megastron Development has selected Duke Realty as the general contractor for a four-story, 133,000-square-foot office building, located at Kirkman Point in Orlando. Finally, the GSA has selected Duke Realty and General Capital Group to develop, design and construct a two-story, 48,000-square-foot office development at Flagler Center in Jacksonville, with completion scheduled for February 2012.
COLUMBIA, MD. — Cassidy Turley has arranged the $2.1 million sale of a 13,400-square-foot office building, located at 6310 Stevens Forest Rd. in Columbia, to SuperBookDeals. Charlie Fenwick and Nancy Martin of the Columbia office represented the buyer, and Greg Friedman of Hanover, Md.-based AGM Commercial Real Estate represented the seller, Stevens Forest Road, LLC.
ST. LOUIS — Creve Coeur, Mo.-based The Komen Group has completed its foreclosure acquisition of the historic Cupples 9 building in downtown St. Louis and will soon begin a $30 million renovation of the property. The project will include 147,000 square feet of office and ground-floor retail space within the building, which is located at 900 Spruce Street. Upon completion, which is expected in 2013, agricultural communications company Osborn & Barr will lease 66,000 square feet of anchor space within the building. Koman will lease and manage the building following its completion.
CLEVELAND — Grubb & Ellis has completed the sale of 55 Erieview Plaza, an 88,000-square-foot office building located in Cleveland's Financial District. An entity of the buyer, 2105 Ontario LLC, will occupy approximately 24,000 square feet of the building. Alex Jelepis and Susan Licciardi of Grubb & Ellis represented the seller, Boxer Property, in the deal. The buyer utilized in-house representation.
NORTHBROOK, ILL. — Crossroads Development Partners has acquired a vacant office building located at 4201 Lake Cook Road in Northbrook at a sheriff's sale. The Class B property was constructed in 1989 and contains 66,000 square feet of space over three stories. CDP has already commenced an extensive renovation and repositioning of the building. CB Richard Ellis is providing leasing services.
NEW YORK CITY — Continental Casualty Corp. has signed a 19-year, 81,296-square-foot lease at 125 Broad St. in Manhattan. Alan Grossman of ARG Realty Consultants and Stephen Siegel, Bruce Surry and Christopher Mansfield of CB Richard Ellis' New York City office represented the tenant. Mark Ravesloot, Peter Turchin and Gerry Miovski, also of CBRE's New York City office, represented the landlord, Mack-Cali.
WALLINGFORD, CT. — Burns & McDonnell has signed a lease for 27,635 square feet of space at the 305,000-square-foot Campus at Greenhill, located at 108 Leigus Rd. in Wallingford. Burns & McDonnell expects to relocate from its existing Wallingford facility on Thorpe Avenue in September into the new space, which will include a training room, auditorium, conference rooms, a library and areas for Engineering, Project Management and Operations staff. Cushman & Wakefield represented the landlord in the lease transaction.
WASHINGTON, D.C. — Washington, D.C.-based PRC has secured $23.17 million in financing through PCCP on behalf of a joint venture between Monument Realty and Angelo, Gordon & Co. for the acquisition and renovation of 2055 L St. NW, an office condominium in Washington, D.C. The buyer will complete renovations including refurbishing the entry and lobby, enhancing the facade, providing a new HVAC system, creating ground floor retail space, installing new fire alarm systems and more. The renovation will offer 103,000 square feet of new office space by the end of 2011. Verizon will maintain its lease of the first several floors of the building, where it controls the midtown telephone switching center.
BALTIMORE — Cassidy Turley has arranged $42.5 million in debt financing for the 355,779-square-foot One East Pratt, a repositioned Class A office building located on Baltimore's Inner Harbor waterfront. John Campanella of the Washington, D.C., office secured a 5-year, floating-rate bank loan on behalf of the owner, Griffith Properties.