TAMPA, FLA. — Feldman Equities has acquired a 134,065-square-foot multi-story office building in Tampa for $16 million. The San Diego, Calif., office of ARG Capital Partners arranged the joint venture equity for the acquisition. Bryan Clark of ARG secured the financing.
SCHAUMBURG AND LISLE, ILL., AND FARMINGTON HILLS, MICH. — Holliday Fenoglio Fowler (HFF) has secured $69 million in refinancing for a five-building office portfolio totaling 1.08 million square feet in Illinois and Michigan. The properties include the 266,886-square-foot Centennial Center in Schaumburg; the 212,212-square-foot One Century Center in Schaumburg; the 219,718-square-foot Two Century Center in Schaumburg; the 150,036-square-foot Lisle Executive Center in Lisle; and the 236,921-square-foot TRI-ATRIA in Farmington Hills. Michael Kavanau, Tim Joyce and Trent Niederberger of HFF represented the undisclosed borrower in the transaction. The loan was funded by Prime Finance.
BUFFALO, N.Y. — Cole Real Estate Investments has purchased a Class A office property in Buffalo from Duke Realty Corp. for $84.5 million. The property comprises a six-story tower and an eight-story tower connected by a seven-story atrium. It has LEED-Silver certification and contains 1,600 parking spaces. It was constructed in 2007 and 2008 as a build-to-suit for HealthNow New York, which operates as BlueCross BlueShield of Western New York and BlueShield of Northeastern New York. The tenant has 13.5 years remaining on its lease with four 5-year renewal options. Boyd Messmann provided in-house representation for Cole. Joe Garibaldi of Jones Lang LaSalle represented the seller, with additional assistance provided in-house by Duke's Whit Annibali.
DALLAS — The 255,378-square-foot CompuCom world headquarters campus, located at 7171 Forest Ln. in Dallas near the intersection of Forest Lane and Central Expressway, has changed hands. W.P. Carey & Co.'s (NYSE:WPC) non-traded REIT affiliates, CPA®:14 and CPA®:15 have sold the property to Optima Ventures for an undisclosed price. The office property is situated on nearly 20 acres and includes an eight-story, 162,138-square-foot office building and a three-story, 93,240-square-foot data center facility. Both buildings are fully leased on a triple net basis to CompuCom, an IT outsourcing company. Holliday Fenoglio Fowler (HFF) represented the seller.
BERKELEY, CALIF. — Grubb & Ellis has negotiated Strada Investment Group’s $15 million acquisition of the 131,694-square-foot Berkeley Crossing, a Class A office building located at 1608 4th St. in Berkeley. Strada purchased the note, originally valued at $28 million, and worked with both the lender, New York Life Investment Management LLC, and the previous owner to take ownership of the property in a deed-in-lieu-of-foreclosure transaction. Grubb & Ellis’ Steve Golubchik and Nicholas Bicardo represented the buyer in the deal. Renovated in 2000 and approximately 30 percent leased at closing, the property is designed for technology use and includes a roof deck that provides views of the surrounding Bay Area and East Bay Hills.
BEAVERTON, ORE. — Marcus & Millichap has negotiated the more than $2.15 million sale of Twin Oaks Executive Center, a 14,829-square foot office property located at 1865 NW 169th Place in Beaverton. The transaction involving the multi-tenant, two-story office building was negotiated by the brokerage firm’s Ryan O'Leary.
ATLANTA — Meritex Enterprises has acquired a ten-building office/warehouse portfolio in Atlanta. The Class A, multi-tenant properties total 726,000 square feet and range in size from 41,000 to 122,000 square feet. The properties are located in the northern suburbs of Atlanta, including Lawrenceville, Norcross, Smyrna and Kennesaw, Ga. The portfolio is currently 95 percent leased with 40 tenants. The seller was Young Ventures and The Estate of Maxwell W. Young. The acquisition price was not released.
COLUMBIA, MD. — Lund Trading has acquired 6822 Oak Hall Lane, a 40,000-square-foot flex/office building in Columbia. Oak Hall LLC sold the property for $3.7 million. The buyer plans to relocate to its office and distribution operations into approximately 25,000 square feet of the new facility. The balance of the building has been leased to Looks Salon and Spa. Allan Riorda of NAI KLNB represented the buyer; Chuck Breitenother and Tim Gardner, also of NAI KLNB, represented the seller in the transaction.
CASCADE TOWNSHIP, MICH. — The Hinman Company has acquired 3040 Charlevoix Drive SE, an office building in Cascade Township, for an undisclosed price. The buyer plans to renovated the two-story, 38,919-square-foot building and modernize the commons areas. Once renovated the building will accommodate any office tenant from 9,000 square feet to the entire building. Terms of the transaction were not released.
BELLEVUE, NEB. — Bob Chalupa of Q10|Daisley Ruff Financial has arranged a $3.36 million loan for an office property in Bellevue. The non-recourse financing carries a 5.25 percent rate and a 10-year term on a 25-year amortization schedule.