CHICAGO — LKQ Corp. has selected Reed Construction to complete a 20,000-square-foot office space built-out within Citigroup Center, which is located at 500 W. Madison in Chicago. The project includes high-end millwork, custom architectural metal paneling, glass and wood panels for private and open office areas, conference rooms, and a reception area. Additionally, the project includes high-end acoustic ceilings and dramatic lighting details. Eastlake Studio is providing architectural services for the project, which is scheduled for completion in May.
PHOENIX — Affiliates of The Mack Co. have purchased the 75,050-square-foot Whispering Wind Corporate Center, located at 2205 and 2225 W. Whispering Wind Drive in northwest Phoenix, for $5.65 million. Representing the lender, JP Morgan Chase, KM Realty Services’ Kelly McKone was the court-appointed receiver for the property. The previous owner was Vazza Phoenix LLC of Canton, Mass. The two-building, two-story, multi-tenant office complex was roughly 60 percent leased at the time of sale.
TEMPE, ARIZ. — On behalf of Mobile Mini, McShane Construction Co. has completed a 20,000-square-foot office improvement project in Tempe, an expansion that included nine private offices, 158 open workstations, two galley kitchens, one 1,800-square-foot break room, one training room and four conference rooms. The international firm currently occupies 85 percent of the facility, which houses its corporate headquarters and national sales center operations. McCarthy Nordburg Architectural Interior Design provided the architectural services for the project.
SAN RAMON, CALIF. — William Wei-Ming Ting and Florah Hsieh Ting have purchased a 9,792-square-foot office building, located at 2262 Camino Ramon in San Ramon, from H. Michael Vawter and Charyl D. Vawter for $1.6 million. Grubb & Ellis’ Sonny O’Drobinak represented the buyer in the transaction, and Jeff Weil, Bruce Witt and Eric Erickson of Colliers International represented the seller.
COLUMBIA, MD., AND TYSONS CORNER, VA. — Cassidy Turley has arranged the sale of a three-building office portfolio in Maryland and Virginia. First Potomac Realty Trust acquired the properties – Cedar Hill I and III totaling 102,632 square feet in Tysons Corner, and Columbia Office, a 137,677-square-foot building in Columbia, for an undisclosed price. Cedar Hill I, located at 2222 Gallows Road, and Cedar Hill III, located at 2216 Gallows Road, are fully leased to the GSA through 2020 and 2019, respectively. Columbia Office is located at 10320 Little Patuxent Parkway. Paul Collins, Bill Collins, Drew Flood, Jud Ryan and James Cassidy of Cassidy Turley represented the seller, PNC Realty Investors, which sold the property on behalf of a client, in the transaction.
EDISON, N.J. — Boston-based TA Associates Realty has purchased Metroview Corporate Center, a 196,000-square-foot, Class A office building located in Edison, for $42.1 million in an all-cash deal. The 11-story building is situated on 11.5 acres at 333 Thornall Street. Occupancy was 93 percent leased at the time of closing, and less than 13 percent of the existing leases will come to term over the next three years. The building was constructed in 1984. Amenities include a renovated lobby, a 170-seat cafeteria with outdoor seating, and a two-story parking deck. The building is LEED-Silver certified. The Cushman & Wakefield team of Andrew Merin, Gary Gabriel and David Bernhaut represented the seller and procured the buyer.
NEW YORK CITY — BRT Realty Trust has provided $14 million in acquisition and construction financing for a loft office building located next to Madison Square Park in Midtown Manhattan. The undisclosed borrower is using the proceeds to purchase the building and convert it into high-end residential condominium units. In addition, the ground floor will be leased to a restaurant. Terms of the loan and details about the property were not disclosed.
DURHAM, N.C. — Principal Real Estate Investors LLC has completed the disposition of an office tower in Durham. Located at 4820 Emperor Blvd., the 11-story property offers 259,531 square feet of office space. Additionally, the building is LEED Silver certified. The buyer and acquisition price were not released. Paul Collins, Bill Collins, Drew Flood, Jud Ryan and James Cassidy of Cassidy Turley represented the seller.
CLAYTON, MO. — Cassidy Turley has secured $80 million in long-term, fixed-rate financing for Centene Plaza, an office tower in Clayton. Located at 7700 Forsyth Blvd., the 17-story, 486,000-square-foot office tower was developed by a related entity of Centene Corp. Christian Miles and Philip Mudd of Cassidu Turley arranged the financing on behalf of the borrower, Centene Corp.
INDIANAPOLIS — Indiana Landmarks has completed the disposition of the Wiliamson Center in Indianapolis. The Indiana University Foundation purchased the 15,734-square-foot office property, located at 340 W. Michigan St., for an undisclosed price. The buyer plans to relocate its Indianapolis-based staff to the building from its current location on North Meridian.