FRISCO — Holliday Fenoglio Fowler (HFF) has arranged a $43.1 million refinancing for a three-property, 375,694-square-foot office portfolio within the Hall Office Park in Frisco. HFF worked exclusively on behalf of the borrower, Hall Financial Group, to secure a 10-year, fixed-rate loan through Deutsche Bank Securities, Inc. Situated within Hall Office Park, the three properties are located at 2600 Network Blvd., and 3000 and 3211 Internet Blvd. Whitaker Johnson and Steve Heldenfels led the HFF team that represented Hall Financial Group.
EL DORADO HILLS, CALIF. — Grubb & Ellis has brokered the sale of a 17,603-square-foot office building, located at 1104 Investment Blvd. in El Dorado Hills. Represented by the brokerage firm’s Clyde Rawlings, Thomas Walcott and Toss Vallentine, DST Realty sold the property to Frontier Dental Laboratories. Terms of the deal were not disclosed.
WASHINGTON, D.C. — The non-profit organization Campaign for Tobacco-Free Kids has leased 22,051 square feet of office space at 1400 Eye St. N.W. in Washington D.C. Mindy Saffer of locally based West, Lane & Schlager represented the tenant in the 10-year lease renewal. Terms of the transaction were not released.
BILLERICA, MASS — EMD Serono has opened its new $75 million research center in the Boston suburb of Billerica. The 140,000-square-foot facility features 115,000 square feet of lab and office space, which comprises chemistry and screening labs, biology and cell culture labs, general lab support space, offices, and conference rooms. The project is seeking LEED-Gold certification. Ellenzweig was the project architect and Jones Lang LaSalle was the construction manager.
DURHAM, N.C. — American Real Estate Partners has completed the disposition of Nottingham Hall, an office building located at 4505 Emperor Blvd. in Durham. Situated within Durham's Imperial Center business park, the building offers 105,363 square feet of Class A office space. The building was sold to an undisclosed buyer for an unreleased price. Paul Collins, Bill Collins, Drew Flood, Jud Ryan, James Cassidy, David Finger and Hillman Duncan of Cassidy Turley represented the seller in the transaction.
WORTHINGTON AND COLUMBUS, OHIO — Cassidy Turley Commercial Real Estate Services has brokered two sales totaling $3.91 million in Ohio. In the first transaction, Cassidy's Todd Barcus represented Worthington-based Cott Systems Inc. in the $2.7 million sale of a 42,000-square-foot office building located at 350 Wilson Bridge Road in Worthington. Benton Benalcazar of Equity Inc. represented the buyer, ADD of Ohio, in the transaction. In the second transaction, Jeff Baur of Cassidy Turley represented Richard Stevens of Columbus in the disposition of a 48-unit multifamily property, located at 1827-39 Schrock Road in Columbus, to Schrock Group LLC for $1.21 million.
NEW YORK CITY — Lazard, a financial advisory and asset management firm, has renewed its office lease at 30 Rockefeller Plaza, effective June 2012. Lazard currently occupies 370,000 square feet, and the new, 21-year lease includes an additional 60,000 square feet of available workspace. John Cushman, Tara Stacom and Cynthia Foster of Cushman & Wakefield advised Lazard, and Swanke Hayden Connell Architects has been retained to redesign the workspace.
ORINDA, CALIF. — Newmark Realty Capital has arranged $11.8 million in financing for the 88,000-square-foot Pine Grove Business Center, an office building located in Orinda. Set up by Newmark’s Eric Von Berg and Tom Dao through a life insurance company, the 15-year loan is amortized over 25 years.
INDIANAPOLIS — Pac-Van Inc. has acquired a 10,329-square-foot office building at 9155 Harrison Park Court in Indianapolis' historic Harrison Park district. Built in 1999, the property offers 19 private offices, a large executive suite, 24 works stations, a reception area, a conference room, a training lab, a break room and restrooms. Pac-Van is one of the largest national suppliers of innovative space and storage solutions with 26 branch locations in across the United States. Keith Dedrick of Corporate Commercial Group represented the buyer; Mark Writt and John Vandenbark of CB Richard Ellis represented the seller, Perpetual Group, in the transaction. The acquisition price was not released.
WAYNE, N.J. — Prism Capital Partners has sold an office building located at 1655 Valley Rd. in Wayne to a private real estate investment firm for $14.2 million. The four-story, 163,000-square-foot office property was constructed in 1987 and is currently occupied by UPS. Newmark Knight Frank arranged the deal.