NOBLESVILLE, IND. — Aspire Indiana, a newly formed organization created by the merger of Carmel, Ind.-based BehaviorCorp and Anderson, Ind.-based The Center for Mental Health, has purchased a 26,600-square-foot office property in Noblesville. In the fall, the organization is expected to relocate its headquarters to the new property in Noblesville Business Park. John Demaree of Summit Realty Group represented the buyer; Philo Lange of NAI Olympia represented the seller, NBP One LLC, in the transaction. The acquisition price was not disclosed.
ROCHESTER, N.Y. — An affiliate of Broadstone Real Estate has acquired a triple net-leased office building in Rochester for $11.7 million. The property totals 39,900 square feet and is leased to ADT Security Services through 2023. The seller's name was not disclosed.
DALLAS — Koll Bren Fund V has sold the 266,412-square-foot Gateway Tower to Hartman Income REIT for an undisclosed amount. Located at the intersection of Lyndon B. Johnson Freeway and North Central Expressway in Dallas, the property stands 15 stories tall. Tenants in the office building, which is 77 percent leased, include Ashton Residential, Humana Health Plan of Texas, and the Crane and Hernandez law firm. Jones Lang LaSalle's Jack Crews represented the seller. Dave Wheeler and Julian Kwok represented the buyer in house.
NEW YORK CITY — A joint venture between Waterman Interests and J.P. Morgan Asset Management has acquired 400 Park Avenue, a 21-story, class office and retail building located in Manhattan's Midtown Plaza district. The building was constructed in 1957 and was 70 percent leased at the time of closing. Waterman Interests will serve as the managing partner of the venture and will provide property management and leasing services for the building. The seller's name and the acquisition price were not released.
BEVERLY HILLS, CALIF. — Hudson Pacific Properties has acquired the leasehold interest in a 58,484-square-foot office building, located at 9300 Wilshire in Beverly Hills, in a $15 million, all-cash transaction. Situated at the intersection of Wilshire Boulevard and Rexford Drive, the six-story building is approximately 93 percent leased to a mix of professional service businesses, media and entertainment companies, and financial firms. Madison Partners’ Bob Safai represented the seller, 9300 Wilshire Building LLC, in the transaction.
OAKBROOK TERRACE, ILL. — Two private physicians have acquired 1 S 210 Summit Avenue, an office property in Oakbrook Terrace, for an undisclosed price. The two-story, 17,000-square-foot property features an 8,500-square-foot basement, an exterior truck dock and elevator access on all three levels. The buyers plan to convert the building to medical use. Vincent Cannon of the Law Offices of Vincent M. Cannon represented the buyers; Paul Montes and Eric Spiess of Inland Real Estate Brokerage represented both the buyers and the seller, the North American Baptist Conference, in the transaction.
FRISCO — GENBAND has signed a 52,074-square-foot office lease with Hall Financial Group in Frisco's Hall Office Park. The space is located in the 200,000-square-foot building at 2801 Network Blvd. GENBAND will occupy the third and fourth floors of the eight-story property. CB Richard Ellis' Baron Aldrine and Steve Rigby represented the tenant. Kim Butler and Tammy Lomonaco served as in-house representation for Hall.
SUNNYVALE, CALIF. — HFF (Holliday Fenoglio Fowler, L.P.) has closed the sale of the 103,254-square-foot Kifer Tech Center, a two-building, Class A office/R&D campus located at the intersection of Lawrence Expressway and Kifer Road in Sunnyvale. TA Associates purchased the fully leased property for an undisclosed amount. Kifer Tech Center’s tenant roster includes Motorola and Siemens Corp. HFF’s Michael Leggett, Gerry Rohm and Chris Pawlik represented the undisclosed seller in the transaction.
WESTMINSTER, COLO. — Stream Data Centers has acquired a 29,500-square-foot, single-story data center in Westminster. The building includes 10,000 square feet of raised floor and 7,500 square feet of disaster-recovery office space. CB Richard Ellis’ Frank Kelley and Doug Bakke represented Stream Data Centers in the transaction; Grubb & Ellis’ Mark Stables, David Horowitz and Jim Kerrigan represented the undisclosed seller.
SOMERSET, N.J. — Friendwell Property Investment Co. has acquired an office building in Somerset from KBS Realty Advisors for $9.1 million. The Class A building is located on more than 14 acres at 265 Davidson Ave. It contains 176,000 square feet over four stories. Occupancy was 65 percent at the time of closing. The Cushman & Wakefield team of David Bernhaut, Andrew Merin and Gary Gabriel arranged the deal.