HOUSTON — Cameron International Co., which provides flow equipment products, systems and services to the oil, gas and process industries, has signed a 75,467-square-foot office space lease renewal with an extended 10-year term at Park Towers South in Houston. Located at 1333 W. Loop South in Houston's Post Oak Park submarket, the office space serves as Cameron's headquarters. Charles Gordon and Michael Sieger of CB Richard Ellis represented Cameron, while Steven Seltzer of TPMC Realty Corp. represented the landlord, Post Oak Realty Investment Partners, LP.
WASHINGTON, D.C. — First Potomac Realty Trust has acquired Longfellow Plaza at 1211 Connecticut Avenue in Washington, D.C. The eight-story, 137,754-square-foot office property sold for $49.5 million. The 100-percent leased building was originally built in 1967 and renovated in 1998 and 2008. The buyer plans to renovate the property's façade and lobby. Norfolk, Va.-based Harbor Group International sold the property. Holliday Fenoglio Fowler brokered the transaction.
OMAHA, NEB. — Steve Ruff of Q10|Daisley Ruff Financial has arranged an $83 million loan for an office building in Omaha. The ten-story building offers 316,481 square feet of office space and a multi-level parking structure. Once complete in December, the property will serve as the Nebraska headquarters of a top health insurance company. Additional terms of the loan were not released.
AURORA, ILL. — Houston-based Boxer Property has acquired Fox Valley Executive Center in Aurora. Located at 75 Executive Dr., the 107,087-sqauare-foot property sold for an undisclosed price. Tom Gallagher of TPG Financial represented the buyer; Art Burrows of NAI Hiffman represented the seller, Miami-based LNR Property, in the transaction.
STAMFORD, CONN. — Lehman Brothers Holdings has selected L&L Holdings Co. to oversee the repositioning of a Stamford office building. The 580,000-square-foot building, located at 695 E. Main St., will be converted from single-tenant to multi-tenant use. In addition to the interior redesign, all operational systems will be upgraded. The project will be designed for LEED certification. Perkins Eastman is serving as project architect.
NEW YORK CITY — AECOM Technology Corp. has signed a 12-year lease for 108,631 square feet of office space at 100 Park Avenue in New York City. The company will consolidate several of its locattions into the fifth, sixth, 18th and 19th floors of the 36-story tower. The tower's landlord is SL Green Realty Corp. Joseph Simon of Tishman Real Estate Services and Adam Foster of CB Richard Ellis represented the tenant in lease negotiations. SL Green provided in-house representation.
DENVER — NBS Real Estate Capital LLC has completed a $4.13 million preferred-equity investment in 1899 Wynkoop, a 162,000-square-foot Class A office building in lower downtown Denver. The Portland, Ore.-based investment firm partnered with the Nichols Partnership, the original developer of the property.
NEW YORK CITY — A joint venture between New York City-based The Kaufman Organizaion and Dallas-based Invesco Real Estate has acquired 100-104 Fifth Avenue in New York City. The 17-story, 270,000-square-foot office building is located in Union Square. The joint venture plans to begin a $9 million capital improvements program to the building in the first quarter of 2011. The seller's name was undisclosed. Mark Fisher, Keith Braddish, Jason Gaccione and Michael Diaz of CBRE Capital Markets arranged $55 million in financing for the acquisition.
HOUSTON — In a deal first announced on RE Business Online on November 15, 2010, Atlanta-based Goddard Investment Group has finalized the sale of Heritage Plaza, a landmark office complex in downtown Houston, to New York-based Brookfield Properties Corp. for $325 million. Heritage Plaza, located at 1111 Bagby St., comprises an office tower, which is approximately 84 percent leased, constructed in 1986 and the Federal Land Bank building built in 1935. Tenants of the office tower include Deloitte, EOG Resources and Tudor Pickering Holt & Co. It is Houston's second highest price ever paid for an office building, behind only the Bank of America Center sale for $367 million in August 2007.
PHOENIX — Buchanan Street Partners has sold the 176,800-square-foot Catalina Terraces, a Class A office building located in Phoenix, to Santa Fe, N.M.-based Rosemont Realty for $20.75 million. Jim Fijan’s CB Richard Ellis brokerage team executed the sale of the three-story, multi-tenant property to the national commercial property acquisition and asset management company.