RICHARDSON, TEXAS — W.P. Carey & Co. has selected Jones Lang LaSalle as the exclusive leasing agent for 2370 North Performance Drive, a 282,000-square-foot, Class A office building located in Richardson. Constructed in 2001, the seven-story property is situated within the Galatyn Park submarket. It contains 846 parking spaces, convenient access to a nearby DART station and an average floor plate size of 40,285 square feet. Sandie Matejek and Shannon Brown will lead the Jones Lang LaSalle leasing team. This most recent assignment brings the company’s leased and managed portfolio in the DFW Metroplex to approximately 15 million square feet.
GLENDALE, ARIZ. — New York-based Jomike Realty Co. has acquired Arrowhead Professional Park, a 40,000-square-foot medical office complex located at 16222 N. 59th Ave. in Glendale. The four-building property sold for $12 million. Current tenants include Arrowhead Family Health, North Phoenix Heart Center, Sun Radiology, Wade & Nysather PC and Community Drug Store Pharmacy. Eric Wichterman and Ann Sondrol of Grubb & Ellis represented the buyer; Marc Bonilla of Colliers International represented the seller, Phoenix-based Arrowhead Health Office Properties.
LOS ANGELES — RP Properties has purchased 9300 Wilshire Boulevard, a six-story, Class A office property located in West Los Angeles, for $11 million or $188 per square foot. The 58,484-square-foot building is situated on 16,409 square feet of ground-leased land. At the time of escrow, the property was 95.8 percent occupied. The seller was Lexington Properties. Bob Safai of Madison Partners represented the buyer in the transaction.
LOMA LINDA, CALIF. — An undisclosed buyer has acquired Loma Linda Professional Center, a six-building office complex in Loma Linda, for $2.96 million or $272 per square foot. Located at 25845 F Barton Rd., the property offers 69,000 square feet of medical, office and retail suites. A portion of the property will be leased to Loma Linda University Medical Center. Drew Wetherholt and Vincent Schwab of Marcus & Millichap’s Ontario, Calif., office brokered the transaction.
ORLANDO, FLA. — Orlando-based Smith Equities Real Estate Investment Advisors has arranged the sale of the 7200 Building, an office building in Orlando Central Park in Orlando. Smith Equities represented the seller, Orlando Central Park Tarragon II. The buyer, JCQ Investments, purchased the property for $2.8 million. The office building was 64 percent vacant at the time of sale and was sold out of bankruptcy court. Since gaining ownership, JCQ Investments has begun to upgrade the building with a new security alarm system, security cameras and plans to revitalize the building’s common areas. The company has also signed leases with tenants Time Share Networking, Brand Energy and Time Bandit.
WALTHAM, MASS. — R.W. Holmes Realty Co. has arranged a lease for 15,111 square feet at Watermill Center, located in Waltham. The space will be occupied by Providence, R.I.-based accounting firm Kahn, Litwin, Renza & Co. (KLR). The firm recently expanded its reach into the greater Boston area with the acquisition of Sullivan, Shuman & Freedberg, and will be relocating those operations to Watermill Center. Garry Holmes and Chip Setwiller of R.W. Holmes represented KLR in lease negotiations. Dave Campbell of Newmark Knight Frank represented the landlord, New Boston Fund. Watermill Center is a 206,722-square-foot, Class A office building located at 800 South St.
SAN ANTONIO — The San Antonio office of Transwestern has completed a lease for 50,000 square feet of office space at Bank of America Plaza, located in San Antonio’s central business district. Martin Down and Larry Mendez of Transwestern represented the landlord, Talcott Realty Investors, in lease negotiations. The tenant is the General Services Administration. Bank of America Plaza is a 532,900-square-foot, Class A office tower located at 300 Convent St.
HOUSTON — Goodrich Petroleum Corp. has signed a long-term lease for the top three floors of 801 Louisiana Street, located in Houston. The company, which plans to use the 37,000-square-foot space as its new headquarters, will move into the building this summer. Its lease has an expansion option. Bob Parsley and Stan Voelkel of Colliers International represented Goodrich Petroleum in lease negotiations. Jay Kyle, also of Colliers, represented the landlord, TPMC. The building recently under went significant interior renovations, with exterior improvements expected to be complete in the coming months.
PHOENIX — McShane Construction Co. has completed a renovation and remodeling assignment for Climatec’s 103,000-square-foot corporate headquarters, which is located at 2851 W. Kathleen Rd. in Phoenix. The company’s design-assist assignment included the partial demolition and reconstruction of the entire facility. The renovation included redesign of the interior spaces and entryway of the facility, as well as the incorporation of several of Climatec’s products. Mechanical, electrical, plumbing and HVAC systems were replaced with cost-effective, energy-efficient models. Phoenix-based Dick & Fritsche Design Group provided architectural services for the project.
GILBERT, ARIZ. — Newmark Realty Capital has secured $3 million in permanent financing for a 41,157-square-foot office/warehouse building in Gilbert. Located within the Fiesta Commerce Center, the building is fully occupied by Lockheed Martin. Adam Parker of Newmark’s Phoenix office arranged the financing for the undisclosed borrower.