SANTA CLARA, CALIF. — CresaPartners has represented Tellabs Inc. in its 75,000-square-foot office lease at a 300,000-square-foot building located at 4555 Great America Pkwy. in Santa Clara. Terms of the deal were not disclosed. When the mobile technology company relocates next month to the six-story Class A office/R&D property, it will occupy approximately one quarter of the two-building, 600,000-square-foot office park. CresaPartners’ Scott Kinder represented the tenant in the transaction, and CB Richard Ellis’ Bob Steinbock, Christian Marent and Mark Christiersen represented the landlord, Prudential Insurance Co.
ALISO VIEJO, CALIF. — Represented by UGL Services, AVANIR Pharmaceuticals has agreed to relocate its corporate headquarters from 101 Enterprise to 20 Enterprise in Aliso Viejo. Terms of the deal were not disclosed. The publicly traded pharmaceutical company is scheduled to move approximately 60 employees into 29,790 square feet of space, located in a 118,000-square-foot Class A office building on the Summit Campus, at the start of third quarter. UGL’s Drew Netherton and Justin Hodgdon represented the tenant in the lease transaction, and CB Richard Ellis represented the property owner, Parker Properties LP.
ARLINGTON, VA. — The JBG Companies is developing 800 North Glebe, a 10-story office and retail building in the Rosslyn-Ballston Corridor in Arlington. Located at the corner of North Glebe Road and Wilson Boulevard, the 316,000-square-foot building will offer 30,000-square-foot floor plates and 28,000 square feet of retail space. Design and constructed to achieve LEED Gold certification, the property is scheduled for completion in March 2012. Project partners include Cooper Carry as base building architect, LSM as lobby designer and Clark Construction as general contractor.
OAK BROOK, ILL. — Allied Asset Management Ltd. has acquired an office building, located at 721 Enterprise Dr. in Oak Brook. The two-story, 12,497-square-foot building sold for $1.5 million or $120 per square foot. Situated on a 2-acre site, the property features approximately 350 feet of frontage on 22nd Street. The seller was Davis Chemical Corp. Chris Schramko of Schramko Real Estate brokered the transaction.
SCHAUMBURG, ILL. — J.C. Anderson has completed an office build-out in Schaumburg for a private insurance company. Located at 1375 E. Woodfield Road, the 18,000-square-foot project included the construction of new ceilings, work spaces, private offices and conference rooms, as well as data and training rooms. Featherstone Consulting Inc. provided architectural services for the project. J.C. Anderson was selected for the project by the property manager, Jones Lang LaSalle.
PLEASANT PRAIRIE, WIS. — Robert Pitts and Mike Pitts Jr. of B. Pitts Brothers & Associates have brokered the sale of a multi-tenant office building. The property, which is located at 10411 Corporate Dr. in Pleasant Prairie, sold for $1.95 million. The buyer and seller were not disclosed.
RANCHO CUCAMONGA, CALIF. — Marcus & Millichap has negotiated the more than $3.3 million acquisition of a 3,672-square-foot Comerica Bank building, located at 12035 Foothill Blvd. in Rancho Cucamonga. Situated within the Victoria Commons master-planned project, the property is 100 percent net-leased to Comerica with 23 years remaining on the term and two 5-year renewal options. Marcus & Millichap’s Dennis Weisberg and Peter Deltondo represented the private-investor buyer in the transaction.
BEDFORD, N.H. — Milford, N.H.-based R.J. Finlay & Co. has acquired the former AAA Northern New England headquarters building in Bedford for $2.35 million. The multi-tenant property totals 24,800 square feet and is located at 166 S. River Road. R.J. Finlay plans to reposition the building as Class A professional office space. Fini Real Estate Group represented the seller, Cantrell Properties.
PITTSBURG, TEXAS — Philadelphia-based Binswanger has been named the exclusive agent by Pilgrim's Pride Corp. for the sale of a five-story, 175,000-square-foot corporate headquarters building on approximately 53 acres located at 4845 U.S. Hwy. 271 in Pittsburg. Amenities include six meeting rooms wired for video and conferencing, and one meeting room designed to accommodate 265 people. The property is located close to Interstate 30, which provides access to the Dallas/Fort Worth International Airport.
INDIANAPOLIS — Rolls-Royce has signed a long-term lease to occupy 404,000 square feet of office space in the former Eli Lilly Faris campus at 450 Meridian St. in Indianapolis. The four-building complex will be renamed Rolls-Royce Meridian Center. The company plans to consolidate 2,500 employees from various Indianapolis locations into the new campus beginning in April. The $58 million campus was constructed in 2001 and features a conference center, a cafeteria, a fitness center and parking facilities. Michael Cook, Dave Byard and Eric Steiner of UGL Services represented Rolls-Royce in the transaction. Jeff Luebker and Zane Brown of CB Richard Ellis represented the landlord, Eli Lilly & Co., in the transaction. Terms of the lease were not released.