EL SEGUNDO, CALIF. — Lucent Capital has arranged $20.75 million in refinancing for a 200,000-square-foot office complex located in El Segundo. The non-recourse, 5-year, fixed-rate loan was provided by CorAmerica Capital LLC, and the borrower was represented by Greenberg Glusker’s Bob Baradaran. The owner-occupied office complex consists of six-story, three-story and single-story office buildings.
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DENVER — Fleisher Smyth Brokaw LLC has sold a 45,375-square-foot office building, located at 7010 Broadway in Denver, to OIA Capital Services LLC for more than $2.9 million. Cassidy Turley Fuller Real Estate’s John Becker and Mike Haley represented the seller in the transaction.
RIDGELAND, MISS. — Jackson, MIss.-based Concourse 200 & 400 Holdings, an affiliate of Duckworth Realty, has acquired two multi-tenant Class A office properties in Ridgeland. Totaling 95,000 square feet, the properties are located at 1062 and 1068 Highland Colony Parkway. Current tenants at the properties include BankPlus, GranthamPoole CPA, Marchetti Robertson & Brickell Insurance & Bonding and The Wright Law Firm. Duckworth Realty will manage and lease the properties. Terms of the transaction were not released.
CHICAGO — NorthMarq Capital has arranged a non-recourse first mortgage of $25 million for 300 West Adams, an office building in Chicago. The 12-story building offers 253,000 square feet of office space. Major tenants at the property include Teach for America, Illinois Criminal Justice, Vibes Media and PNC. Financing terms for the loan were not released. Jeff Cherner of NorthMarq's Chicago Regional office arranged the financing.
BURLINGTON, VT. — Jones Lang LaSalle (JLL) has completed the sale of a 24,192-square-foot office property in Burlington for $4.56 million. The three-story building is situated on 3.45 acres at 302 Mountain View Drive. It is part of the 12-building The Office Park at Water Tower Hill. Occupancy at 302 Mountain View is 100 percent. Tenants include Verizon Wireless, AT&T, New England Life Insurance and Keller Williams. JLL's Michael Smioth, Scott Jamieson and Brandon Dickason arranged the deal between the seller, Stonewater Partners, and the buyer, Legacy Mountain View LLC. Steve Donahue of Donahue & Associates assisted in the deal.
SAN FRANCISCO — With an assist from its retail division, Cassidy Turley BT Commercial has negotiated the approx. $10.63 million sale of two office buildings located at 144-154 and 156-160 2nd Street in San Francisco. The brokerage firm’s David Klein and Jennifer Essner and Terranomics’ Mark Koenig and John Schaefer represented Patelco Credit Union in its disposition of the properties — a 24,480-square-foot building and a 28,361-square-foot building — to New Urban Properties LLC.
CHARLOTTE, N.C. — Trinity Capital Advisors has purchased the debt and equity interest in NASCAR Plaza, an office building located in Charlotte. Situated in the city's central business district, the property offers 393,000 square feet of Class A office space. Trinity has partnered with Philadelphia-based Rubenstein Partners to improve the building's fundamentals.
ORLANDO, FLA. — Betsy Owens and Mindy Boehm of Cushman & Wakefield (C&W) have brokered the sale of 0.8 acres of land at 11602 Underhill Road and seven units totaling 6,704 square feet at Lake Underhill Business Center at 11616 Lake Underhill Road in Orlando. Vineel Sompalli acquired the property for $1.22 million. Sompalli plans to build medical office on the land and will use the office condos for administrative offices.
CHELMSFORD, MASS. — Parsons Commercial Group (PCG) has brokered the relocation of a technology firm to 300 Apollo Drive in Chelmsford. The undisclosed company is leasing approximately 60,000 square feet, which represents an expansion from its previous location at 100 Apollo Drive. The company will move in by April. Marci Alvarado of PCG represented the tenant in lease negotiations. Greg Cahill of Lincoln Property Co. reprsented the landlord, Chelmsford Associations.
SAN DIEGO — The Del Mar Union School District has purchased a 10,953-square-foot office building, located at 11232 El Camino Real in the Torrey Hills section of San Diego, for almost $4.33 million. CB Richard Ellis’ Paul Lafrenz, Paul Komadina, Christina Roush, Ryan Egli and Pat Collins represented the seller, Torrey Hills LLC, in the transaction, and Chuck Wasker of Colliers International and Mark Kagan of Tenant Rep Real Estate represented Del Mar Union School District, which will use the ground floor of the Class A office building for its district offices after relocating from its current location on 9th Street in Del Mar.