DENVER — Westfield Co. has opened the first high-rise office building constructed in Denver’s central business district in 25 years. Located at 1800 Larimer, the 22-story, 500,000-square-foot building is 80 percent leased and will be the headquarters for Xcel Energy, Frederick Ross Co. and Westfield itself. Designed by RNL for LEED Platinum certification, the state-of-the-art, Class A tower includes a hotel-style conference facility, an employee fitness center, a private terrace park, a café and a bank.
CUPERTINO, CALIF. — Newmark Realty Capital has arranged the $33.35 million acquisition of a three-story, 60,000-square-foot office building currently 100-perent occupied by Apple Inc. Located at 10495 North De Anza Blvd. in Cupertino, the property was acquired by HATCO Associates, which was represented by Newmark Realty’s Eric Von Berg. The seller was an affiliate of Sand Hill Property Co.
BETHESDA, MD. — A joint venture between LCOR and USAA Real Estate Co. has broken ground on a 362,000-square-foot building for the U.S. Nuclear Regulatory Commission. The $131 million project, which will be located at 11601 Rockville Pike in Bethesda, is expected to employ 185 to 350 workers per month during the construction period. NRC will occupy the building, which is owned by the Washington Metropolitan Area Transit Authority, on a 15-year lease. The building is being designed to LEED Silver standards.
DORAL, FLA. — The American Welding Society has purchased the 122,000-square-foot Royal Palm Offices at Doral from a limited liability company based in Coral Gables, Fla., for $19 million. The tenant will build out the property, which is located on a 5-acre parcel at 8669 NW 36th St., and occupy 50 percent of the space. Greg Zeifman and Benjamin Silver of Marcus & Millichap's Miami office represented the buyer.
SPRINGFIELD, MO. — Protel Properties has acquired an office building in Springfield for an undisclosed price. The two-story building offers 17,508 square feet of space and an additional 1.55-acre lot. Mike Fusek of Sperry Van Ness brokered the transaction on behalf of the undisclosed seller.
PHILADELPHIA — Colliers International has completed two sales in Phiadelphia. In the first deal, Bethanna disposed of its 22,000-square-foot building at 1216-1232 Wood St. in a sale-leaseback arrangement. The Christian family services organization will lease a portion of the first floor. The buyer, 1216-1232 Wood Street LP, plans to operate its own offices out of the building as well. Colliers’ Michael Barmash represented the seller, and Andy McGhee, also of Colliers, represented the buyer. The property traded for $1.6 million. In the second deal, Stein & Silverman Family Partnership acquired a 2-acre land parcel located in the Food Distribution Center off Pattison Avenue. Barmash represented the seller, Wing Lee Realty LLC. The property traded for $600,000.
CHARLOTTE, N.C. — MayfieldGentry Realty Advisors has leased 50,000 square feet of office space to CIT Group in Charlotte. The Class A property is located at 201 S. Tryon St. In September, CIT will move into three floors recently vacated by Wachovia. Erin Curry represented MayfieldGentry internally. Spectrum Properties' Ted Lee also helped negotiate the 6-year lease.
WAUKESHA, WIS. — Tybecca LLC has acquired 17,803 square feet of space in Waukesha. The property is located at 1230 and 1260 S. West Ave. Brian Parrish of The Dickman Company represented the buyer; Adam Matson of NAI MLG Commercial represented the seller, the Estate of Duane E. Warren, in the transaction. Terms of the sale were not released.
BOSTON — Bain Capital has signed a 15-year lease for 208,000 square feet of space at Boston's iconic Hancock Tower. The tenant will occupy seven contiguous floors of the 62-story tower and has the option to expand its presence up to 270,000 square feet before taking occupancy, which is expected in fall 2011. Cushman & Wakefield's Gil Dailey, Dave Martel and Rob Griffin represented the tenant in lease negotiations. Bill Anderson, also of Cushman & Wakefield, represented the landlord, a joint venture between Normandy Real Estate Partners and Five Mile Capital Partners. This lease brings occupancy at the 1.8 million-square-foot tower to 95 percent.
HOUSTON — Marcus & Millichap has represented two private parties in the sale of the 7,232-square-foot REO: Jones Road Office Building for an undisclosed amount. The property, which was built in 1984, is located at 11850 Jones Road in Houston. The firm's Justin Miller and Nathan Pealer brokered the sale.