COLLEYVILLE, TEXAS — Stream Realty Partners has arranged the acquisition of a 2,500-square-foot office property at 5209 Heritage Ave. in Colleyville. The buyer, Bishop and Chen Orthodontics, is currently located in Bedford, Texas, and will relocate in August. Russell Webb of Stream represented the buyer, and Bill Jordan of Moss Jordan represented the seller, TAK Enterprises
SORRENTO VALLEY, CALIF. — San Diego-based Chembridge Corp. has acquired unit 206 at Venture Sorrento Valley Office Park, which is located at 11189-11199 Sorrento Valley Road in Sorrento Valley. The 4,992-square-foot flex condominium property sold for $998,400. Phillip Linton of Cassidy Turley BRE Commercial represented the buyer and the undisclosed seller in the transaction.
WARREN, N.J. — The Hampshire Companies has acquired a 129,000-square-foot flex property in Warren for an undisclosed amount. The building is situated on 15 acres at 150 Mount Bethel Road. It contains 76,000 square feet of office space and 53,000 square feet of warehouse space. Anadigics is currently the building's only tenant, and it occupies 6,200 square feet of space. David Bernhaut of Cushman & Wakefield represented the undisclosed seller.
BOSTON — Fantini & Gorga has arranged $3.5 million in non-recourse financing for a Boston office property. The building totals 16,650 square feet. The terms of the loan were not disclosed, but the debt was non-recourse. Wayne Clough, Mark Whelan and Heather Baldassari placed the loan with Lincoln Financial Group on behalf of the undisclosed borrower. StanCorp Mortgage Investors originated the loan.
NORTH READING, MASS. — Kiva Systems has signed a lease with a joint venture between DivcoWest and Taurus Investment Holdings for 163,415 square feet of office space at 300 Riverpark Dr. in North Reading. The property was constructed in 1992 and totals 206,000 square feet. It contains on-site food service, a fitness center and child care. Kiva will be relocating its headquarters to the new building from Woburn, Mass. David Pergola, Mark Reardon and Jason Levendusky of CB Richard Ellis represented the landlord in lease negotiations. Brooks Murphy and Sean Lynch of Jones Lang LaSalle represented the tenant.
SAN FRANCISCO AND PETALUMA, CALIF. — On behalf of the Savoy Corp., Colliers International has handled the sale of 62,265-square-foot 170 Columbus Ave., also known as the Pansini Building, in San Francisco’s historic Jackson Square district. Part of a two-building, $16 million disposition that included a 34,399-square-foot office property located at 1455 N. McDowell Street in the Redwood Business Park in Petaluma, the five-story, 100 percent-leased Pansini Building consists of ground-floor and lower-level retail, office on the upper floors and a four-level, subterranean parking garage. Savoy, the seller, built the Pansini Building in 1985. Built in 1992, the Petaluma property is a one-story office building that is 65 percent occupied by Sonoma Technology. Colliers’ Tony Crossley and Tim Maas represented the seller in the transaction; Rona Real Estate LLC, a private investor, was the buyer.
NAPLES, FLA. — Neopolitan Ventures has purchased a 25,405-square-foot office from Rambeh for $2.98 million. The property is located at 6610 Willow Park Drive in Naples. David Stevens and Clint Sherwood of IPC brokered the transaction.
DALLAS — CBRE Strategic Partners U.S. Value 5 has purchased four office buildings totaling nearly 725,000 square feet in Dallas from a private party for an undisclosed amount. Three buildings are in Preston Commons, which is located at 8111-8117 Preston Road, and total 421,997 square feet. Combined, the buildings are 73.7 percent leased. Located at 5949 Sherry Lane, the last building, Sterling Plaza, spans 302,747 square feet and is 82.6 percent occupied.
CHARLOTTE, N.C. — ROEFSCO Exchange has sold a 52,000-square-foot office building to Metrolina Regional Scholars' Academy for an undisclosed price. The building, which was previously a data center, is currently being renovated and will open as a K-8 school in the fall. When renovations are finished, the building will include an art studio, a media lab, a music room, 18 classrooms and a science lab. The property is located on 4.12 acres of land at 5225 Seventy Seven Center Drive in Charlotte. Piedmont Properties' Frank McCleneghan represented the buyer in the transaction.
CLEVELAND — Calfee, Halter & Griswold LLP has signed a 20-year lease to occupy the historic Rockwell Building, which is located at 1403 E. 6th St. in Cleveland. The company’s more than 300 attorneys and staff will relocate to the seven-story office building, which will be renamed The Calfee Building, in late 2011. The building has 115,000 square feet of additional expansion space available over the planned adjacent parking garage. Calfee is partnering with the building owner, Steve Calabrese and CRM, on its construction build-out. The team is seeking a LEED Interior Design and Construction certification for the project, which will feature a rooftop garden, decreasing energy consumption through individual control options, increasing energy efficiency with new windows and lighting, and recycled materials.