HOUSTON — Beacon Investment has purchased the 130,822-square-foot Timberway II office building from PS Business Parks for an undisclosed price. The building is located on a 4.5-acre site at 15995 N. Barkers Landing in Houston's energy corridor. Dan Miller, Martin Hogan and Trent Agnew of Holliday Fenoglio Fowler represented the seller. Susan Hill of HFF worked with the borrower, BRI 1826 Timberway, to secure acquisition financing.
Office
TROY, MICH. — AAM I has acquired The Handleman Building, which is located at 500 Kirts Blvd. in Troy. The 147,609-square-foot office property sold for an undisclosed price. The seller was Handleman Co. Todd Hawley of Friedman Real Estate Group represented both parties in the transaction.
CHELMSFORD, MASS. — Integrated Builders has completed a 13,000-square-foot interior office build-out at 300 Apollo Drive in Chelmsford. The space is being leased to semiconductor manufacturer Intersil Corp. Boston-based Spagnolo Gisness & Associates served as general contractor. Integrated has completed several projects at 300 Apollo, most notably a 133,500-square-foot office build-out for Aspect Software's corporate headquarters.
ARLINGTON, TEXAS — SF Farmers Insurance has sold a 13,088-square-foot office building in Arlington to a private investment group for an undisclosed amount. The new owners will use the two-story space as the School for Allied Health Professionals' training and lab facility. Gary Walker and Renee Guy-Efimoff of SCM Real Estate Services represented the seller. Fischer & Sanger's Robert Fisher represented the buyer.
HOUSTON — Pacific Drilling Services has leased 19,670 square feet of office space in Houston from DRA CRT Post Oak. The property, Lakes on Post Oak, is located at 3050 Post Oak Blvd. NAI Houston's Jon Silberman represented the tenant. Cory Armbrister of CB Richard Ellis represented the landlord.
ENGLEWOOD, COLO. — Frederick Ross Co. has brokered Case-SRS’s $3.7 million purchase of a 54,280-square-foot facility, located within Compark Business Center at 8530 Concord Center Drive in Englewood, from IBC Holdings. The national distributor of satellite industry supplies plans to move into its new Colorado headquarters in April. Frederick Ross’ Peter Beugg represented the buyer in transaction, and the firm’s Dave Lee and Jason Addlesperger represented the seller. Constructed by IBC Holdings in 2006, the property is conveniently located off of E-470.
ATLANTA — Duke Realty Corp. has brokered three leases, backfilling nearly 48,000 square feet of recently vacated space at the company's Huntcrest III office property in Atlanta. Brightree LLL has leased 27,505 square feet, and Curriculum Advantage, represented by Piedmont Property Co.'s Bruce May, has leased 13,764 square feet. Tom Davenport and Tom Cooksey of Lavista Associates represented HealthCare Partners in its lease of 6,413 square feet. The vacant space was created when BioLab reduced its occupancy in Huntcrest III from 89,000 square feet to 27,450 square feet.
KANSAS CITY, MO. — Gee Whiz Holdings has acquired a four-story, 32,000-square-foot historic property, which is located at 807 Wyandotte St. in Kansas City. The office property, which is known as the Nelkin-Piper building, will become the new headquarters for Trozzolo Communications Group. The company plans to invest $3 million in renovations and upgrades to the historic downtown building. Renovations are set to begin in the fall, with completion scheduled for spring 2011. Helix Architecture + Design is providing architectural services for the project. Evan Warwick of Grubb & Ellis|The Winbury Group represented the buyer; Tim Schaffer and Christopher Wollard of RED Brokerage represented the seller, Rick Powell of Baltimore Place Properties. Pasquale Trozzolo, the CEO of Trozzolo Communications, formed Gee Whiz Holdings.
PIQUA, OHIO — Jonesboro, Ark.-based Farr Air Pollution Control (APC) has expanded its operations into Ohio, with the opening of an office in Piqua. The industrial dust collectors and fume collection equipment company will occupy 5,040 square feet of space at 405 Fox Drive within Sherry Industrial Park. The company plans to use the new office as a regional office and training center for its air pollution control division. Occupancy is expected by the beginning of March. Tim Echemann of Industrial Property Brokers negotiated the transaction.
THE WOODLANDS, TEXAS — Technology Land Investments has purchased 3.8 acres of land in The Woodlands from The Woodlands Development Co. for a 50,000-square-foot office. The building, which will deliver late this year or early next year, will be located on Technology Forest Drive. Jeff Beard of The J. Beard Real Estate Co. represented Technology Land Investments in the transaction. Colliers Texas' Cody Christoph represented the seller.