HOUSTON — Telecheck Services, which provides electronic check conversion services, has leased 120,458 square feet of office space at Galleria Plaza I, located at 5251 Westheimer Rd. in Houston. Galleria Plaza I and II is a 424,295-square-foot mixed-use property that consists of two Class A office buildings totaling 395,473 square feet. Scott Panzer and Steven Rotter of Jones Lang LaSalle's New York office and David Bale and Ronnie Deyo of the firm's Houston office represented Telecheck. David Baker and Kelli Crutchfield of Transwestern's Houston headquarters represented the landlord, Chase Merritt Four Corners LLC.
SEATTLE — Holliday Fenoglio Fowler LP has secured $10.25 million in refinancing for Eastlake Center I and II, a two-building office complex located at 2815-2825 Eastlake Avenue E in Seattle. Fronting Lake Union, the development totals more than 84,000 square feet and includes the University of Washington and the Washington Research Foundation as tenants. On behalf of The Blume Co., HFF, led by Casey Davidson and Tom Wilson, placed the 10-year, fixed-rate loan with Goldman Sachs Commercial Mortgage Capital LP. Loan proceeds are refinancing a maturing CMBS loan.
STERLING HEIGHTS, MICH. — Bernard Financial Group has arranged a $5.4 million loan for the Sterling Town Center in Sterling Heights. The property offers 125,723 square feet of office space. The borrower was Sterling Limited Partnership. Dennis Bernard and Kevin Kovachevich of Bernard Financial originated the loan, which was financed by Symetra Life Insurance Co.
NEW YORK CITY — A joint venture between Metropolitan Realty Associates, Belvedere Capital and Angelo Gordon & Co. has purchased a 150,000-square-foot office condo for $33 million. The condo comprises the first eight floors of a 20-story building located at 15 E. 26th St. in Manhattan. The condo was 55 percent leased at the time of closing. Douglas Harmon of Eastdil Secured represented the seller, a joint venture between a Deutsche Bank investment fund and Walter & Samuels. The latter party reinvested with the buyers in the deal.
ORLANDO, FLA. — Victory Health Care LLC has purchased one of the buildings of I-4 Commerce Center, which is located at 1800 33rd St. in Orlando. The 12,600-square-foot office building was sold for $1.95 million. The property will be occupied by Tender Touch Health Care, a Medicare-certified home health agency. Anderson Tiu of Keller Williams Classic Realty represented the buyer; Ray Romano of CB Richard Ellis represented the undisclosed seller in the transaction.
BOSTON — Commonwealth Ventures has received $75 million in capital from investment partners Bentall Kennedy and a major pension system for the renovation of a 681,000-square-foot office building located at 185 Franklin St. in Boston's financial district. The project will include lobby and common area improvements, construction of a new entrance on High Street, a redesigned entrance on Franklin Street, the addition of 21,000 square feet of ground-level retail space, 110 new parking spaces, improvements to the property's public plaza and the installation of a lighted beacon atop the building. The building will also be renamed 50 Post Office Square. Construction will begin in March and be complete by early 2012. FHO Partners will lease the mostly vacant office component of the building, while Colliers Meredith & Grew will market the retail space.
ALLEN — Austin-based Capital Commercial has acquired Millennium Business Park, a two-story, 95,877-square-foot office building at 505 Millennium Dr. in Allen that sits on 10 acres of land. Creighton Stark, a senior vice president of Colliers International, brokered the office transaction.
NEW CANAAN, CONN. — Cushman & Wakefield has completed the sale of two office buildings in New Canaan for $6.6 million. The buildings, which were fully occupied at closing, total more than 20,000 square feet and are located at 24 and 36 Grove St. The Cushman & Wakefield team of Al Mirin and Kate Schwartz represented the seller, Defgey and Company. The buyer was 24-36 Grove LLC.
GOLDEN, COLO. — Marcus & Millichap has brokered the $7.25 million sale of the 79,705-square-foot Clear Creek Square, located at 600 12th Street in Golden. Built in 2001, the office property is situated between Washington Street and the entrance to the home of Coors. Marcus & Millichap’s Jacob Steele and Andy Glinski represented the court-appointed receiver in the transaction, and Steele and the brokerage firm’s Andy Glinski represented the buyer, a real estate investment firm.
BERGEN, N.J. — CommonWealth REIT has purchased a Class A office building from Invesco Real Estate for $20.6 million in an all-cash deal. The 120,000-square-foot, Class A property is located at 5 Paragon Drive in Montvale. The building was fully leased at the time of closing. Tenants include Thomson Reuters, Doosan Engineering and Motorola. The Holliday Fenoglio Fowler team of Jose Cruz, Andrew Scandalios, Kevin O'Hearn and Jeffrey Julien represented the seller.