HOUSTON — Studely has signed a 15,000-square-foot office lease with Brookfield Properties for space in the 1.19-million-square-foot Three Allen Center. The downtown Houston property will serve as Studley's new Houston office, and the move more than doubles the firm's space. Studley represented itself in the 10-year lease. The landlord also had in-house representation.
SEATTLE — Vulcan Real Estate has completed the second phase of Amazon.com’s corporate headquarters in Seattle’s South Lake Union neighborhood. Located on the east side of Boren Avenue N. between Mercer and Republican streets, the new five-story building features 158,000 square feet of office space and 14,000 square feet of street-level retail space. LMN Architects designed the development for LEED Gold certification; Sellen Construction was the contractor.
WASHINGTON, D.C. — The U.S. Parole Commission has signed a 36,438-square-foot lease at the 412,661-square-foot Sentinel Square I/90K Street. The Class A office property, which is located at the intersection of K and 1st streets in Washington, is owned by Trammel Crow Co., Crow Holdings Realty Partners IV and Cottonwood Partners. The tenant will move into the first and third floors early next year. The General Services Administration's Joel Bereleson and Sean McNeal assisted Studley's Neil Levy and Julie Rayfield in representing the tenant.
HOUSTON — Tanner McGraw of Marcus & Millichap's Houston office has brokered the $4.3 million sale of Nanes Professional Building between two undisclosed parties. The 55,888-square-foot property, which was constructed in 1984, is located at 17030 Nanes Drive in Houston.
MANLIUS, N.Y. — Realty USA has acquired a 20,000-square-foot, Class A office building in Manlius for $1.72 million. Located at 102 W. Seneca Turnpike, the building houses medical and professional office space. The lead tenant is Internist Associates of Central New York. Realty USA plans to occupy the building's vacant 5,000 square feet of space. Peter Finn of CB Richard Ellis/Syracuse represented the seller, a Syracuse, N.Y.-based investment group. Louie Fournier of Sutton Real Estate assisted in the deal.
RANDOLPH, MASS., AND ROCHESTER, N.H. — Newton, Mass.-based Ashworth Mortgage Corp. has arranged $14.7 million in first-mortgage financing for a New England office and industrial portfolio. The first part of the portfolio includes two office buildings totaling 102,367 square feet that are located at 14 and 15 Pacella Drive in Randolph. The second part of the portfolio includes a two-building, 211,092-square-foot industrial complex located at 7 Amarosa Drive in Rochester. The loans carry fixed interest rates, a 10-year term, a 25-year amortization schedule and rate resets at the end of the fifth year. The borrower was undisclosed, and the lender was a banking institution.
BELLEVUE, WASH. — Cole Real Estate Investments has acquired the 583,179-square-foot City Center Plaza, a Class A office tower in Bellevue, for $310 million. Ninety-six percent leased to Microsoft through 2024, City Center Plaza is situated at the entrance to the Bellevue central business district and adjacent to the Bellevue Transit Center. Eastdil Secured’s Jeffrey Weber, Stephen Van Dusen and Jason Flynn represented the seller, Beacon Capital Partners, in the all-cash transaction; Cole was represented in-house by Kim Kundrak and Boyd Messmann. Constructed in 2008 and home to Microsoft’s Bing division, the office tower is LEED Gold certified.
IRVINE, CALIF. — Grubb & Ellis has represented Golden State Foods in its 10-year, 32,000-square-foot office lease extension and expansion at the Von Karman Towers located at 18301 Von Karman Ave. in Irvine. GSF will occupy an additional 6,000 square feet at the Class A office building, which serves as the major foodservice industry supplier’s headquarters. Grubb & Ellis’ Greg May and Chon Kantikovit represented the tenant in the transaction, and Jeff Morgan of CB Richard Ellis represented the property’s landlord, KBS Realty Advisors.
ORLANDO AND MAITLAND, FLA. — NAI Realvest has brokered two office sales in Florida totaling more than $9 million. In the first transaction, Adler Group of Miami purchased an eight-building investment property from a private party for $5.75 million. The 92,573-square-foot development, located at 1218-1232 Winter Garden-Vineland Road in Orlando, includes seven office buildings and one retail building. George Livingston, Christie Alexander and Drew Saphos of NAI Realvest brokered the sale. NAI Realvest's Thomas Hankins represented Lucien Way LLC in its $3.45 million sale of a 59,798-square-foot office building to Alliance Lucien Way. The property is located at 2200 Lucien Way in Maitland.
ANDOVER, MASS. — Cushman & Wakefield has brokered the sale of two office/R&D buildings located on the campus of Woodland Park in Andover for $8.9 million. The first property is located at 600 Federal St. It consists of a two-story, 115,000-square-foot building that was 65 percent occupied at the time of closing. The second property is located at 800 Federal St. It consists of a three-story, 155,000-square-foot building that was vacant at the time of closing. The buyer was a partnership between Leggat McCall and an institutional fund managed by Fidelity Real Estate Group. The Cushman & Wakefield team of Robert Griffin, Jr., David Pergola, Christopher Griffin and Brian Doherty arranged the deal. Woodland Park is a 700,000-square-foot office park situated near the interchange of Interstate 93 and River Road.