BRENTWOOD, TENN. — Alder Real Estate Fund has acquired the Parklane Building, a four-story, office building located at 5200 Maryland Way in Brentwood. The 110,000-square-foot property is occupied by LabCorp, American Home Patient, Sprint, Time Warner and CSX Transportation. Panattoni Development Co. sold the property for an undisclosed price. Matthew Adler of Adler Group represented the buyer; Perry Gooch and Crews Johnson III of Cassidy Turley represented the seller in the transaction.
MONTGOMERY, ALA. — CB Richard Ellis has arranged $8.1 million in financing for Sterling Centre in Montgomery. Built in 1988 and situated on 4.9 acres in the East Montgomery submarket, the property offers 101,014 square feet of Class A office space. The building is 100 percent occupied by tenants, including USDA, Synovus and NY Life. Kevin Troy of CBRE Debt & Equity.
SCOTTSDALE, ARIZ. — Colliers International–Greater Phoenix has completed the $2.4 million sale of the 32,327-square-foot Hacienda Plaza, an office and showroom property located within the Scottsdale Airpark at 15613 North Greenway-Hayden Loop in Scottsdale. Hacienda Lighting occupies approximately 60 percent of the building. Colliers International’s Greg Hopley represented the sellers, Larry Coffee and Connie Coffee of Nebraska, in the transaction, and the brokerage firm’s Jim Keeley and Mike Milic represented the buyer, Denali National Trust.
CHARLESTON, S.C. — NAI Avant represented the undisclosed seller disposition of the second and third floors of 270 King Street in downtown Charleston. The property was formerly The Masonic Lodge and Shahid's Department Store. Thomas Boulware of NAI Avant brokered the transaction, which was valued at $1.6 million.
ST. PETERSBURG AND TAMPA, FLA. — CB Richard Ellis (CBRE) Capital Markets has brokered the sales of more than 685,000 square feet of office space in the Tampa Bay area. In St. Petersburg, a joint venture of affiliates of Second City Capital Partners, Feldman Equities and Tower Realty Partners acquired City Center, a two-building 242,115-square-foot office campus, for $16.5 million or $68 per square foot. Don Jennewein of CBRE's Debt & Equity Group secured bridge loan financing on behalf of the buyer. In Tampa, CBRE represented a joint venture consisting of affiliates of Trigate Capital, Feldman Equities and Tower Realty Partners in the acquisition of Fountain Square II, a 134,065-square-foot office building. Additionally, on behalf of Wells Fargo, CBRE arranged the $12 million sale of Independence Park, a 43.81-acre multi-building development site, which includes an existing 116,723-square-foot office building. The property is a fully entitled Development of Regional Impact, which can support up to 524,000 square feet of additional office space. In Mid-Pinellas County, CBRE, on behalf of Midland Loan Services, arranged the sale of 16120 U.S. Highway 19, a 192,106-square-foot office building, to St. Petersburg-based The Cypress Company. CBRE's marketing team was led by Dale Peterson and Paul Carr …
CHICAGO — Environmental Systems Design (ESD) has been selected to design Server Farm Realty's new 440,000-square-foot data center/electronic trading facility in Chicago's South Loop. Located at 840 S. Canal St., the facility will offer an electronic trading environment of 30 watts per square foot with more than 150,000 square feet of data center space designed at 150 watts per square foot. The facility will be supported by more than 32 megawatts of power and will be backed up by more than 20 2,500-kilowatts generators. Additionally, the facility has a floor load of 225 pounds per square foot. The new facility will be ready for occupancy in September.
SACRAMENTO, CALIF. — NBS Financial Services has arranged a $16 million loan for the 149,000-square-foot Granite Park Regional, a single-tenant office building occupied by the County of Sacramento. NBS’s Ken Griggs and Paddy Ryan arranged the 12-year, fixed-rate loan through correspondent life-insurance company lender, ING Investment Management.
SANTA ROSA, CALIF. — Appian Capital and Presidio Development Partners LLC have acquired the 70,000-square-foot Parkpoint Business Center, a five-building office complex located just west of downtown Santa Rosa, the largest city in Northern California’s “Wine Country.” With plans to renovate the property’s outdoor common areas, building exteriors and signage, the joint venture will market the individual buildings, located within the Santa Rosa Business Park, to both owner/users and as leased investments. Cushman & Wakefield represented CW Capital, the seller of the 60 percent-leased property and loan servicer that foreclosed on the property in June 2010.
TAMPA, FLA. — Feldman Equities has acquired a 134,065-square-foot multi-story office building in Tampa for $16 million. The San Diego, Calif., office of ARG Capital Partners arranged the joint venture equity for the acquisition. Bryan Clark of ARG secured the financing.
SCHAUMBURG AND LISLE, ILL., AND FARMINGTON HILLS, MICH. — Holliday Fenoglio Fowler (HFF) has secured $69 million in refinancing for a five-building office portfolio totaling 1.08 million square feet in Illinois and Michigan. The properties include the 266,886-square-foot Centennial Center in Schaumburg; the 212,212-square-foot One Century Center in Schaumburg; the 219,718-square-foot Two Century Center in Schaumburg; the 150,036-square-foot Lisle Executive Center in Lisle; and the 236,921-square-foot TRI-ATRIA in Farmington Hills. Michael Kavanau, Tim Joyce and Trent Niederberger of HFF represented the undisclosed borrower in the transaction. The loan was funded by Prime Finance.
