WASHINGTON, D.C. — State Services Organization has signed a 237,848-square-foot lease at the 550,000-square-foot Hall of the States Building, located at 400-444 N. Capitol St. NW in Washington, D.C. Mindy Saffer, Richard Lane, Eric West and Richard Siegel of Washington, D.C.-based West, Lane & Schlager Realty Advisors represented the tenant in the 15-year lease transaction. Mebar Realty Holding Trust owns the building.
FARMERS BRANCH — Northbrook, Ill.-based The Boulder Group has arranged the sale of a 40,000-square-foot single-tenant office building leased to Time Warner Cable, located at 14079 Senlac Dr. in Farmers Branch, for $4.82 million. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Midwest-based partnership, in the transaction. The buyer was a high net worth individual. Time Warner Cable has 7 years remaining on its lease.
CORAL GABLES, FLA. — The 18,552-square-foot 1000 Ponce, an office building located at 1000 Ponce de Leon Blvd. in Coral Gables, has sold for $5.15 million. The three-story building is fully leased. Douglas Mandel of Marcus & Millichap's Fort Lauderdale, Fla., office, along with Benjamin Silver of the firm's Miami office, represented the seller, a Miami-based developer, in the transaction.
ENCINITAS, CALIF. — A 37,398-square-foot office building in Encinitas has sold to Westcore Properties AC, LLC for $6.8 million. It is located at 679 and 681 Encinitas Blvd. Westcore was represented by Joe Anderson and Brooks Campbell of Cassidy Turley San Diego. The seller, HBTFT LLC, was represented by Hans Strom of Strom Commercial.
San Diego – A 23,325-square-foot flex building in the San Diego submarket of Sorrento Mesa has sold to Dard Property, LLC for $2,416,000. The building is located at 6010 Cornerstone Court. Dard was represented by Dean Asaro, who was formerly with CBRE. The seller, US Trust/Bank of America Wealth Management, was represented by Rob Merkin of CBRE and Brad Bennett, who acted as a third-party consultant.
WASHINGTON, D.C. — New Boston Fund has acquired 67,000 square feet of office space in an 11-story office building, located at 111 K St. NE in Washington, D.C. Jud Ryan of Cassidy Turley's Washington, D.C., office represented J Street Cos., the seller, in the transaction. The property was purchased as part of New Boston Fund VII.
BOSTON — Alan Gray Inc. has signed a 13,434-square-foot lease renewal at 88 Broad St. in Boston. Christian Gotfredson of NAI Hunneman represented the property owner, Bay State Realty in the deal. He also assisted the tenant. Located in Boston's Financial District, 88 Broad St. is a 63,829-square-foot office building. Alan Gray Inc. is an international insurance claims management and financial services firm.
HOUSTON — Jones Lang LaSalle has arranged the sale of two office buildings totaling 141,265 square feet, located at 16350 and 16360 Park Ten Place inside the Park 10 Regional Business Center in Houston's Energy Corridor submarket. Rudy Hubbard and Leah Gallagher of Jones Lang LaSalle's Capital Markets team in Houston represented the seller, American Spectrum Realty, in the transaction. The buyer was Hicks Ventures, Ltd.
PORTLAND, ORE. – The FBI has signed a 20-year lease at 9109 Northeast Cascades Parkway in Portland. This 134,159-square-foot space will serve as a field office for the bureau. The General Services Administration (GSA) was represented by Reva Squire, Dan Reidy, Julie Rhoades and Patrick Robles of Jones Lang LaSalle. The landlord, PH Portland, LLC, was represented by Dave Squire of Grubb & Ellis, Bruce Allen of PDC, and Matt Connelly and Chuck Moody of Molasky.
TOWSON, MD. — NorthMarq Capital has secured $13.6 million in first mortgage refinancing for the 123,400-square-foot Fairmount Place II, an office building located at 515 Fairmount Ave. in Towson. Nancy Ferrell of NorthMarq's Baltimore office arranged the 10-year loan with a 25-year amortization schedule through UNUM.