BRISTOL, TENN. — Scottsdale, Ariz.-based Healthcare Trust of America, acquired The Sapling Grove Professional Building and the Bristol West Medical Office Building, which total approximately 120,000 square feet, in Bristol for $23.37 million. The portfolio, known as the Holston portfolio for the buildings' anchor tenant, is approximately 99 percent leased. The CB Richard Ellis Atlanta office represented the seller, who was undisclosed.
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AUSTIN — Crimson Real Estate Fund, L.P., and its co-investment partner, USAA Real Estate Co., have acquired the Aspen Lake office building located in northwest Austin from Wells Fargo Bank. Aspen Lake is a four-story, 205,000-square-foot Class A office building located near the intersection of U.S. Highway 183 and State Highway 45. Leasing services will be provided by AQUILA Commercial, LLC, under the direction of Crimson Services, LLC, an affiliate of Crimson Real Estate Advisors, L.P. Crimson Services will also provide property management services.
JACKSONVILLE, FLA. — Atlanta-based ARA has announced the opening of its 22nd office, located in Jacksonville. Matt Wilcox, former director of acquisitions for Julian LeCraw/JLC Southeast, has joined ARA as Vice President and will be based in the Jacksonville office. While at Julian LeCraw/JLC Southeast, he sourced and managed the acquisition of more than $100 million in conventional and student housing assets.
ORLANDO, FLA. — Event Productions, Inc. leased a 30,000-square-foot warehouse at 1930 Commerce Oak Ave. in Orlando. The 6-year lease was negotiated by Lee Morris and Jared Bonshire of the Orlando-based Cushman & Wakefield of Florida, Inc. on behalf of the landlord, Princeton Oaks, F.L., LLC. Greg Stake of Commercial Realty of Central Florida acted on behalf of Event Productions.
DOWNERS GROVE, ILL. — Opus Development Corp. has completed the disposition of Highland Landmark V office building in Downers Grove. Highland V-CPF LLC purchased the property for an undisclosed price. The eight-story, 251,235-square-foot, multi-tenant office building is located within Highland Landmark Office Park, which is located at the corner of Interstate 88 and Highland Avenue. The building is occupied by DeVry Inc. and Dover Corp.
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.