WASHINGTON, D.C. — The Air Line Pilots Association renewed their lease for 10,366 square feet at 1625 Massachusetts Ave. NW, Washington, D.C., for the next 7 years. Washington, D.C.-based West, Lane & Schlager negotiated on behalf of ALPA. Although new locations were considered, ALPA decided to stay at their current address.
SCHAUMBURG, ILL. — J.C. Anderson has completed a 35,000-square-foot build-out for Career Education Corp. in Schaumburg. Located at 915 National Parkway within Parkway Corporate Place, the project included demolition of existing the suite and build-out of a new office space, including ceilings, flooring, offices, training rooms and break rooms. IA Interior Architects provided architectural services for the project.
CHICAGO — Stifel Nicolaus has selected Reed Construction to complete a 50,000-square-foot office build-out for the company's Chicago office. Located within Three First National Plaza at 70 W. Madison, the build-out project includes the renovation of the 24th and 25th floors, including the construction of a new lobby, new executive offices with glass and wood-crafted facades, and a new video-conferening system. Whitney Associates is providing architectural services for the project, which is slated for completion this spring.
WALTHAM, MASS. — Holliday Fenoglio Fowler (HFF) has secured a $35 million loan to refinance an office/R&D building located in Waltham. The two buildings contain a total of 200,928 square feet of space and are located at 50 and 60 Sylvan Road within the Reservoir Woods East Campus. Verizon Laboratories is the sole tenant of both buildings. Amenities include a full-service cafeteria, a conference center and an on-site credit union. The borrower is a joint venture between Prudential Real Estate Investors, The Davis Companies and Marcus Partners. The HFF team of Riaz Cassum and Greg LaBine arranged the loan.
WASHINGTON, D.C. — The Rockefeller Group has partnered with Mitsubishi Estate New York to acquire 1101 K Street Northwest in Washington, D.C. A joint venture between JBG Companies and Rockwood Capital sold the Class A office for an undisclosed price. Built in 2006, the 10-story, 291,480-square-foot property is currently 80 percent occupied. The property features a two-story lobby, 9- to 10-foot ceiling heights, floor-to-ceiling windows, a rooftop deck, a fitness center, state-of-the-art building systems, underground parking and a restaurant, Brasserie Beck.
STAMFORD, CONN. — Cushman & Wakefield Sonnenblick Goldman has arranged a $38 million permanent locan for 1600 Summer St., a 261,000-square-foot, Class A office tower located in Stamford. The loan carries a 15-year term and was provided by a life insurance company. The borrower was Benenson Capital Partners, which also developed the property in 1980 and has owned it continuously since then. The office building is fully leased to three tenants: General Electric, Philips Electronics and AON Corp.
DALLAS — AccentCare, a home healthcare company, is relocating its corporate headquarters from Irvine, Calif., to Dallas. The company has signed a lease for nearly 33,000 square feet at Briargrove Pl., a Class A office property owned and managed by Crown Sterling Properties at 17855 N. Dallas Pkwy. in Dallas. Brian Griggs and Tom Dyer handled the transaction for Crown Sterling Properties, while Steve Jarvie of Jones Lang LaSalle represented AccentCare.
AURORA, ILL. — Syndicated Equities has acquired a single-story office building in Aurora for an undisclosed price. Located at 1325 N. Lake St., the 12,500-square-foot property is fully occupied by the Social Security Administration. Additional terms of the transaction were not released.
NEWARK, N.J. — Deerwood Real Estate Capital has arranged a $50 million loan for the Centre Market building, a 380,000-square-foot office building located in Newark. The building, which has the Energy Star designation, is 90 percent leased to the federal government. The loan was arranged by Deerwood's Abe Katz and carries a 7-year term.
SOMERS, N.Y. — Pepsi Beverage Co., the bottling division of PepsiCo, has expanded its lease at One Pepsi Way in Somers by 180,000 square feet. The company will now occupy all of the nine-story, 540,000-square-foot office building. The CB Richard Ellis team of Paul Jacobs and Robert Caruso represented Pepsi in lease negotiations. Glenn Walsh and Arthur Mirante of Cushman & Wakefield partnered with Allen Wieder of Paul Weiss to represent the landlord, Murray Hill Properties.