CHICAGO — Schafer | Condon | Carter (SCC) has acquired the C.C.P. Holden building in Chicago for an undisclosed price. Located at 1027 W. Madison St., the property offers 34,500 square feet of office space. SCC plans to relocate to the property in the fall after renovations are complete. Chicago-based Widler Architecture is providing architectural and restoration services for the renovation.
LINCOLN, NEB. — Steve Ruff of Q10|Daisley Ruff Financial has arranged a $2.21 million loan for an office park in Lincoln. The complex consists of five multi-tenant buildings with a total of 43,774 square feet.
SCOTTSDALE, ARIZ. — CB Richard Ellis has negotiated the $6.9 million sale of Lincoln Center, a 13-building office complex located at 7100 E. Lincoln Drive and 6510-6590 N. Scottsdale Road in Scottsdale. Built in two phases in 1978 and 1980, the 91,328-square-foot property was vacant at the time of trade to a local buyer, Covington Asset Management LLC. In the transaction, CBRE’s Barry Gabel and Mindy Korth represented the Dallas-based seller, Orix Capital Markets LLC, which acquired the property through foreclosure in April 2010.
CHANDLER, ARIZ. — Toyota Motor Credit Corp. has committed to a 65-month extension of its lease of Wells Real Estate Investment Trust II’s 133,317-square-foot building at One San Tan Corporate Center in Chandler. Terms of the transaction were not disclosed. In the deal that extends the lease until April 2017, Jones Lang LaSalle’s Wade and Rhonda Clark represented Toyota, which has occupied the entire building since its expansion in 2006.
LAS VEGAS — Commercial Executives has negotiated the almost $6.15 million, 120-month lease of approximately 25,600 square feet of office space located at 9555 Hillwood Drive, Suite 200, in Las Vegas. CE’s Soozi Walker and Bobbi Miracle represented the law-firm tenant, Holland & Hart, in the transaction, and Doug Crook of Douglas Crook & Associates represented the limited-liability-company landlord, Margel/Parkway Pointe LLC.
MIRAMAR, FLA. — General Services Administration (GSA) has acquired a 20-acre land parcel along the Interest 75 corridor in Miramar for $13.5 million. GSA plans to construct a 475,000-square-foot federal office complex on the property. The 20-acre site was part of a 40-acre land parcel owned by Rockefeller Group Development Corp.
GREENVILLE, S.C. — Locally owned HTI Properties has purchased a multi-tenant office building in downtown Greenville. Located at 105 N. Spring St., the 30,000-square-foot property will be renovated and partially occupied by HTI Properties. Jimmy Wright and David Feild of NAI Earle Furman represented the buyer; the seller was not undisclosed. Feild and Tyson Smoak, also of NAI Earle Furman, were retained to lease the remaining space. Terms of the transaction were not disclosed.
NEW ORLEANS, LA. — Walker & Dunlop has arranged a $49.5 million acquisition loan secured by the Pan-American Life Building in New Orleans. Wells Fargo provided the 10-year loan, which has a 30-year amortization schedule. The 673,578-square-foot office building is 90 percent occupied by tenants, including Pan-American Life Insurance Group, Lemle & Kelleher LLP, Tidewater Marine LLC, Christovich and Kearney LLC and McGlinchey Stafford. Andrew Coleman and Stephen Farnsworth of Walker & Dunlop originated the loan for the borrower, Stirling Properties.
MINNETONKA, MINN. — KBS REIT II has acquired 601 Tower at Carlson Center in Minnetonka. The 15-story, 288,458-square-foot office tower sold for an undisclosed price. The property is 90 percent leased to tenants, including One Beacon Insurance, Conopco, Wachovia, RBC Capital Markets, Robert Baird, Pine River Capital and HQ Global Workplaces. Tom Holtz represented the CB Richard Ellis Minneapolis Investment Team that represented the undisclosed seller in the transaction. KBS Capital Advisors represented Newport Beach, Calif.-based KBS REIT II.
BROOKFIELD, WIS. — Stan Johnson Company has brokered the sale of an office building, which is located at 350 N. Sunny Slope Road in Brookfield. Built in 1984, the three-story, 84,700-square-foot office building sold for $13.95 million. The property is fully occupied by Thomas Reuters. Craig Tomlinson of Stan Johnson Company represented the California-based buyer, which was in a 1031 exchange. The seller was an unit of CW Capital as special servicer for a Wells Fargo CMBS issuance. Cassidy Turley represented the seller in the transaction.