LOUDOUN COUNTY, VA. — Kenneth Gentzel and Gary McGlynn of NorthMarq Capital's Washington, D.C., office has arranged $7.2 million in first mortgage financing for Signal Hill in Loudoun County. The property offers 61,115 square feet of office space. Financing was arranged for the undisclosed borrower through NorthMarq's correspondent relationship with Genworth Life Insurance Co.
CLAYTON, MO. — The newly opened Centene Plaza, a 460,000-square-foot office tower located at 7700 Forsyth Blvd. in Clayton, is now 96 percent leased. Current tenants include Centene, Armstrong Teasdale, Stinson Morrison Hecker, Cassidy Turley, JP Morgan Chase Bank, UMB Bank's Investment and Wealth Management Group and The Koman Group. The $186 million, 17-story property was developed by The Koman Group in a joint venture with Centene Corp. and general contractor Clayco. The property offers 20,000 square feet of retail space and a 1,677-space parking garage. HOK and Forum Studio provided architectural services for the property and parking garage.
PISCATAWAY, N.J. — Sonnenblick-Eichner Co. has arranged $21.3 million in first mortgage financing for the fee simple interest in a New Jersey office complex. One Centennial Plaza is a two-building, 121,286-square-foot office complex located in Piscataway. Its sole tenant is American Standard, a subsidiary of Ingersoll Rand, whose former U.S. headquarters is located adjacent to the property. The loan is non recourse and carries a 10-year term and a fixed interest rate priced less than 200 basis points over the corresponding treasury rate. The lender was a domestic life insurance company.
ALLEN — New York-based MidCap Advisors, a mergers and acquisition firm, has opened a new Dallas-Fort Worth office that is led by David Gladden, who joined MidCap Advisors as managing director and also leads the company's corporate development group. Gladden brings more than 28 years of experience in corporate development and mergers and acquisitions to the position. He previously served International Paper and GAF-Elk Corp., holding senior positions in finance, corporate development, sales, marketing and management. At MidCap Advisors, Gladden assists mid-size companies and corporate divisions develop and execute acquisition and divestiture strategies. The new office is located at 1219 Comanche Dr. in the suburb of Allen.
IRVING — Nissan Motor Acceptance Corp. has signed a long-term lease for 225,049 square feet of office space at 8900 Freeport Pkwy. in Irving. Built in 2003, 8900 Freeport is a three-story, 268,445-square-foot office building located in DFW Freeport, a master-planned office and industrial complex, fronting Highway 635. Chris Taylor of CAPSTAR Commercial Real Estate Services represented the landlord, Lexington TNI Irving L.P., an affiliate of Lexington Realty Trust. Ann Huntington, Dennis Barnes and William Callahan of CB Richard Ellis represented Nissan.
ORLANDO, FLA. — The Lake Eola Charter School has purchased a 24,038-square-foot office building located in Orlando's central business district. Located at 135 N. Magnolia Ave., the loft-style building offers 18,500 square feet of air-conditioned space. 135 N. Magnolia LLC sold the property for $2.1 million or $114 per square foot. Susan Morris and Kane Morris-Webster of Colliers International represented the seller in the transaction.
TROY, MICH. — O'Brien Construction has acquired a 7,072-square-foot office building in Troy. The company plans to relocate its headquarters to the new facility, which is located at 966 Livernois, from Pontiac, Mich. Jason Capitani and Joe DePonio of L. Mason Capitani CORFAC International represented the buyer in the transaction. The seller and sales price were not disclosed.
MADISON, N.J. — The Hampshire Companies has begun the repositioning of 175 Park Avenue, a 280,000-square-foot office building located in Madison. Architecture firm Kohn Pederson Fox is overseeing the redesign of the building. Amenities will include a fitness center, a full-service café and conference facilities. The project will seek LEED-Silver certification, with sustainable features such as a green room and energy-efficient mechanical systems. Completion is slated for the second quarter of 2012. Newmark Knight Frank is serving as leasing agent.
MARISSA, ILL. — Swansea, Ill.-based Holland Construction Services has completed the construction of new corporate headquarters for Prairie State Generating Co. Located in Marissa, the 22,000-square-foot office building features general office space, two conference rooms, a boardroom, a break room, and a walk-out basement that includes shower, locker and workout space. Additionally, the project includes a new parking lot with easy access to a nearby county highway.
MECHANICSBURG, PA. — CB Richard Ellis (CBRE) has brokered the sale of a 55,417-square-foot office building in Mechanicsburg. The two-story property is situated on 5.43 acres within Rossmoyne Business Center at 4900 Ritter Road. It was 68 percent occupied at the time of closing by a tenant roster that includes Wells Fargo and State Auto Insurance. The seller, an institutional party, was represented by a CBRE team that included Stephen Marzullo and Justin Marlowe of the Philadelphia Metro Private Client Group, and Jeremy Shyk and Michael Curran of the firm's Harrisburg, Pa., office.