LENEXA, KAN. — Henderson Engineers Inc. is moving its Lenexa headquarters about 150 feet. The engineering company signed a new 84,500-square-foot lease at 8345 Lenexa Dr. in the Pine Ridge East Business Park in Kansas City. The company will begin moving from its current space at 8325 Lenexa Dr. in February, which totals about 67,000 square feet. Complete occupation is scheduled for this summer. Ken Block, Gene Elsas and Brian Bock of Block Real Estate Services represented Pine Ridge Business Park in the transaction. Bryan Johnson of Colliers International acted as a consultant to Henderson Engineers.
HOUSTON — Freudenberg Immobilien Management and Sugar Land-based The Mathis Group have awarded Cadence McShane the expansion and interior renovation of a 45,000-square-foot headquarters facility, located at 10035 Brookriver Dr. in Houston, on behalf of EagleBurgmann Industries. The construction will include a new four-story addition and renovating private offices, workstations, conference rooms, a training room, testing laboratories, locker rooms and break rooms. The Mathis Group is providing construction management services and Houston-based Powers Brown Architecture is designing the project. Construction will begin in January and will reach completion in December 2012.
WASHINGTON, D.C. — Vornado Realty Trust has closed on the $104 million acquisition of the 130,000-square-foot 1339 New York Avenue, a Class A trophy office building located in Washington, D.C.'s CBD. The company acquired the 97.5 percent interest it did not previously own in the building. The seller was undisclosed.
NEW YORK CITY — Vornado Realty Trust has completed a $330 million refinancing of Eleven Penn Plaza, a 1.1 million-square-foot office building in Manhattan. The company realized net proceeds of about $126 million after repaying the existing loan on the property and closing costs. The loan bears an interest rate of LIBOR (which today is 2.64 percent), plus 2.35 percent. The seven-year loan has a 30-year amortization schedule that begins in the fourth year.
NEW YORK CITY — Meridian Capital Group has arranged $28 million in financing for a 12-story office building in Queens, on behalf of Pi Capital Partners LLC. An undisclosed local bank provided the five-year loan, which carries a 3.75 percent rate. Cary Pollack of Meridian's New York office negotiated the transaction. The 60,000-square-foot building includes 8,600 square feet of ground-floor retail space.
LOS ANGELES — Dongell Lawrence Finney LLP has signed a 10-year lease for the entire 45th floor of the AON Tower inside Los Angeles’ Financial District. The 19,118-square-foot space will house the mid-sized law firm’s main office. Sean O’Leary and Jim Jandro of Grubb & Ellis represented Dongell Lawrence in this transaction, along with firm partners Richard Dongell and John Lawrence. The firm also worked closely with Michael Meyer of DLA Piper. Jones Lang LaSalle’s John McAniff and Tim Miller collaborated with Andy Fishburn of the property ownership 707 Wilshire Fee LLC.
RALEIGH, N.C. — The 112,000-square-foot Trinity Place, an office building located at 1201 Edwards Mill Rd. in Raleigh, has been sold for $15.4 million. Tenants include AT&T, AeroTek, RSM McGladrey and CapStrat. Denver-based Fairfield Asset Advisors represented both parties in the transaction.
STAMFORD, CONN. — The former General Reinsurance Corp. headquarters in Stamford, Conn. sold for $30 million in a year-end closing. Stamford-based developer Building and Land Technology purchased the 560,000-square-foot office building, located at 695 E. Main St., from Lehman Brothers Holdings Inc. David Benhaut, Gary Gabriel and Grace Braverman of Cushman & Wakefield's East Rutherford, N.J. office and Tom O' Leary of the firm's Stamford office represented the seller in the transaction.
IRVING — Libitzky Holding has purchased a 127,709-square-foot office building, located at 1212 Corporate Dr. in Irving. Gary Carr, Eric Mackey and Robert Hill of CBRE's Dallas office represented the seller, American National Bank, in the transaction.
FAIRFAX, VA. — Centerpointe I & II, located at 4000 and 4050 Legato Rd. in Fairfax, has been sold for $128.7 million. Thomas Properties Group and the California State Teachers Retirement Systems sold the two 11-story office buildings, totaling 421,859 square feet, to Carr Properties Income Trust and an institutional investment partner. Bill Prutting, Jr., William Kaye, Randall Heilig, Jeff Roman, Mike Pepper and John DiCamillo of CBRE's Washington, D.C., office represented the seller in the transaction.