Office

$38 MILLION OFFICE BUILDING PURCHASED

by admin November 12, 2009

LINTHICUM, MD. — Corporate Office Properties Trust has purchased the newly completed 156,215-square-foot Nursery Corner from the Circuit Court of Arundel County, the building’s receiver, for $38 million. The property, located at 1550 W. Nursery Rd. in Linthicum, is fully leased by Northrup Grumman, who will move in later this month. Opus East was constructing the building when it went into receivership on June 30; the circuit court then engaged the help of third-party construction management and CB Richard Ellis to finish the building. Jonathan Beard of CB Richard Ellis’ Baltimore office and Jeffrey Ackerman and Ryan Sciullo of the firm’s Pittsburgh office represented the seller in the transaction.

November 12, 2009

ENGINEERING COMPANY ACQUIRES OFFICE IN ORLANDO

by admin November 12, 2009

ORLANDO, FLA. — Barnes, Ferland and Associates, an Orlando-based engineering consulting firm, has purchased a 12,014-square-foot office building from Orlando-based RBO Associates for $1.3 million. The property is located at 1230 E. Hillcrest St. in Orlando. Rick Solik of Cushman & Wakefield’s Orlando office represented the buyer. Grubb & Ellis|Commercial Florida’s Jay Dixon and Robert Kellogg represented RBO.

November 12, 2009

Midwest Office

17,700-SQUARE-FOOT MADISON OFFICE PROPERTY SELLS

by admin November 12, 2009

MADISON, WIS. — American Academy of Cosmetic Dentistry has acquired a 17,700-square-foot office property in Madison. Located at 402 W. Wilson St., the property sold for $2.2 million. Todd Waller of Lee & Associates represented the buyer. The seller was not released.

November 12, 2009

Midwest Office

10,000-SQUARE-FOOT OFFICE LEASE SIGNED IN TROY, MICH.

by admin November 12, 2009

TROY, MICH. — Echo Global Logistics has leased 10,000 square feet of office space at 3331 W. Big Beaver Rd. in Troy for an undisclosed price. The company is a provider of technology enabled business process outsourcing. Steve Eisenshtadt of Friedman Real Estate Group represented the tenant. The landlord was Troy Place II Associates.

November 12, 2009

Midwest Office

CATHY’S CONCEPTS LEASES 40,000 SQUARE FEET IN INDIANAPOLIS

by admin November 11, 2009

INDIANAPOLIS — Cathy’s Concepts has leased a 40,000-square-foot office/warehouse facility in Indianapolis. Founded in 1988, Cathy’s Concepts is a wholesale manufacturer and distributor of gifts for all occasions. The privately held company is headquartered at 6900 E. 30th St. in Indianapolis. Mark Writt and Tom Cooler of CB Richard Ellis’ Indianapolis office represented the landlord, 6900 Complex LLC, and the tenant in the transaction. Terms of the lease were not disclosed.

November 11, 2009

Midwest Office

11,868-SQUARE-FOOT MEDICAL BUILD-OUT COMPLETE IN ILLINOIS

by admin November 11, 2009

NEW LENOX, ILL. — Morgan/Harbour Construction has completed an 11,868-square-foot build-out for Hinsdale Orthopedic Group within the Silver Cross Medical Office Building. The project is located on the Silver Cross Replacement Hospital Campus at 1870 Silver Cross Blvd. in New Lenox. The project included the construction of X-ray, physical therapy and treatment rooms, a state-of-the-art MRI suite, nursing stations, waiting areas, an office area and a laboratory. The developer of the facility is HSA Commercial Real Estate’s Primecare Division. Design Organization provided architectural services for the project.

November 11, 2009

Northeast Office

COLLIERS DOW & CONDON BROKERS CONNECTICUT OFFICE SALE

by admin November 11, 2009

FARMINGTON, CONN. — Colliers Dow & Condon has brokered the sale of a 44,000-square-foot office building located at 197 Scott Swamp Rd. in Farmington. Philip Gagnon of Colliers represented the seller, Rocky Hill, Conn.-based DF Group, which first purchased the property in 2004. Bob Gaucher of O, R & L Commercial represented the buyer, a Fairfield, Conn.-based private investment group. The acquisition price was not disclosed.

November 11, 2009

Northeast Office

SKANSKA SELECTED FOR TWO MASSACHUSETTS PROJECTS

by admin November 11, 2009

SPRINGFIELD AND WORCESTER, MASS. — Skanska USA Building has been selected for two new Massachusetts construction projects. The first project is a new $66 million data center for the Commonwealth of Massacusetts' Information Technology Division in Springfield. The project, which is located at 53 Elliot St., is the second data center for the organization. Construction will include the renovation of the former Springfield Technical High School into approximately 70,000 square feet of computer room and support spaces. The project will apply for LEED certification and is slated for completion in August 2011. The second project consists of the expansion of the co-generation facility at the University of Massachusetts Medical Center in Worcester. Scheduled to begin in March, the project will consist of the construction of a new control room, a 15,000-square-foot power plant expansion and a 15,000-square-foot expansion of the administration building.

November 11, 2009

Office Texas

MARCUS & MILLICHAP BROKERS SALE OF DALLAS OFFICE BUILDING

by admin November 11, 2009

DALLAS — Marcus & Millichap has brokered the sale of the Comerica Bank Building, a 72,263-square-foot office property located in Dallas. The Class B asset is situated on approximately 2.7 acres at 6510 Abrams Rd. It was constructed in 1980 and was 55 percent occupied at the time of closing. Craig Lewin and Patrick Giles of Marcus & Millichap's Dallas office represented the seller, an undisclosed partnership. The buyer's name was also not released.

November 11, 2009

Office Western

MID PAC PURCHASES EIGHTH FLOOR OF ALAKEA CORP. TOWER

by admin November 11, 2009

HONOLULU — Mid Pac Petroleum has purchased the eighth floor of Alakea Corporate Tower, located at 1100 Alakea St. in downtown Honolulu. The Hawaii-based petroleum marketer and distributor will be relocating from 677 Ala Moana to its new corporate headquarters in April. Victor Arcayena of Hawaii Commercial Real Estate LLC brokered both sides of the transaction.

November 11, 2009

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