ATLANTA — Morris, Manning & Martin law firm has negotiated taking the top six floors, totaling approximately 140,000 square feet, of the Campanile Building in Atlanta. The company will move its headquarters from the Atlanta Financial Center where it currently leases 114,000 square feet. The landlord of the building is Dewberry Capital. Jones Lang LaSalle represented the tenant in the transaction.
WASHINGTON, D.C. — Cassidy Turley has arranged $13.5 million in debt financing for the 74,234-square-foot, Class A office building located at 1111 18th Street in Washington, D.C. The property is 100 percent leased to the GSA. Phil Mudd and Christian Miles of Cassidy Turley's Washington, D.C. office procured the loan from a life insurance company on behalf of the owner, Jack I. Bender & Sons, a partnership affiliated with principals of Blake Real Estate. Steve Lustgarten of Blake Real Estate represented the partnership in loan negotiations.
LENEXA, KAN. — Meritex has signed three leases, totaling 147,120 square feet of space, at Meritex Lenexa Executive Park, an underground multi-tenant office/warehouse facility in Lenexa. Bryne Custom Woodworking renewed its 15,000-square-foot lease; Ink Cycle renewed its lease of 107,120 square feet; and Service Pak signed a new 25,000-square-foot lease. No brokers were involved in the transactions.
STAMFORD, CONN. — CB Richard Ellis (CBRE) has brokered the sale of One Dock Street, an 85,723-square-foot office building located in Stamford, for $15.8 million. The building was 87 percent leased at the time of the closing. The property is situated at the entrance to the new Harbor Point project that is under development. The CBRE team of Jeffrey Dunne, Steven Bardsley and David Gavin represented the seller, Antares One Dock LP. The team also procured the buyer, a joint venture between Meritage Properties and ClearRock Properties.
JERSEY CITY, N.J. — Merrill Lynch, now a division of Bank of America, has renewed its office lease at 95 Greene St. in Jersey City. The financial institution occupies all of the eight-story, 300,000-square-foot building. The building's landlord, SJP Properties, is currently pursuiing LEED for Existing Buildings certification for it.
GOLETA, CALIF. – Hayes Commercial Group has leased 98,828 square feet of office and warehouse space to Network Hardware Resale. The company’s 41,228-square-foot headquarters will be located at 6500 Hollister Ave. The 57,600 square feet of industrial space will be located at 80 Coromar Drive. Network Hardware Resale specializes in computer network hardware. Having recently grown to a more than $200-million operation, the company felt in needed more space on the South Coast.
NAPA, CALIF. – Seavest Healthcare Properties has purchased two medical office buildings through a trust servicer, who had foreclosed on both properties in early 2010. Located at 1100 Trancas St., this two-building, 65,000-square-foot complex is adjacent to Queen of the Valley Medical Center, Napa’s only acute care hospital. This is Seavest’s fourth California-based acquisition in the past few months. The healthcare real estate fund is based out of White Plains, New York.
HAWTHORNE, CALIF. – The American Youth Soccer Organization (AYSO) has found its new headquarters with the help of NAI Capital. AYSO signed a long-term lease for 20,000 square feet at the Harbor Business Center in Torrance. AYSO had previously been headquartered in nearby Hawthorne for the past 15 years. NAI Capital’s Bill Kiefer and Randy Matusoff assisted AYSO in its nationwide search.
GOLDEN VALLEY, MINN. — Patrick Minea of NorthMarq Capital's Minneapolis office has arranged first mortgage financing in the amount of $18.5 million for Golden Hills Office Center, located at 701 Xenia Ave. South in Golden Valley. The property contains 190,758 square feet of office space. Financing was based on a 10-year term and a 30-year amortization schedule, and was arranged through NorthMarq's relationship with Cornerstone Real Estate Advisors.
GRAND RAPIDS, MICH. — Hoty Builders, LLC has completed construction of a 24,800-square-foot office building located at 3045 Knapp St. in Grand Rapids for the U.S. General Services Administration (GSA), which will lease the building. It will be home to the Social Security Administration. Hoty Builders has completed similar office buildings for the U.S. GSA throughout Ohio, Michigan and Illinois.