HOUSTON — Dallas-based White Rock Commercial has disposed of West Pointe Center, a Class A office property the company recently constructed in Houston. The three-story, 170,823-square-foot building is located at 9420 W. Sam Houston Pkwy. Wade Bowlin and Doug Little of Houston-based PM Realty Group represented White Rock in the sale. The undisclosed buyer was represented by Bob Parsley and Bill Byrd of Colliers International. The sale price was not released.
TEANECK, N.J. — Japan Tobacco International (JTI) has moved into its new U.S. headquarters, located within Glenpointe Center West in Teaneck. The new 12,000-square-foot office contains five executive offices, 15 offices, 32 workstations, a conference room and a café-style pantry with a 55-inch, flat-screen television. The approximately $1 million interior build-out was completed on behalf of JTI by Livingston, N.J.-based Jarmel Kizel Architects & Engineers. The landlord and construction company responsible for the building is Alfred Sanzari Enterprises.
MINNEAPOLIS AND SHAKOPEE, MINN. — Twin Cities-based NAI Welsh has brokered three sales. In the first transaction, Yingua Academy Charter School has purchased the former Putnam Community School building, located at 1616 Buchanan St. in Minneapolis, for $3 million. Yingua plans to operate a private Chinese immersion school in the 45,280-square-foot facility starting in the 2009-2010 school year. Eric Rapp of NAI Welsh represented Yingua. The seller was Minneapolis Public Schools. Also in Minneapolis, Southwest Transit acquired a 95,821-square-foot industrial building, located at 4201 Norex Dr., for $4.3 million. The company plans to use the facility for its bus storage and service station. Brian Netz of NAI Welsh represented the seller, CSM Investors. Finally, Netz completed the sale of a 9,336-square-foot office building, located at 1335 10th Ave. in Shakopee. The property, which was acquired by Dr. Douglas Vayda for $1.15 million, will be primarily used for his orthodontist clinic. Additional space in the building will be made available for lease.
NEW YORK CITY — Broad Street Development (BSD) has signed a new 10,370 square-foot office lease for Crawford & Company at 55 Broadway in Manhattan, New York City. BSD's in-house leasing team of Daniel Blanco, David Israni and Ramona Huegel represented the ownership, while Randy Sherman and Alicia Popper of Murray Hill Properties negotiated the lease on behalf of the tenant. Built in 1983 and located on the southwest corner of Broadway and Exchange Place, the property is a 32-story Class A office tower consisting of more than 330,000 square feet of space in Downtown’s Financial District.
BOSTON — Boston Realty Advisors has leased space to GreenWood International Insurance Services at 225 Franklin Street in Boston. The insurance company has signed on for 11,002 square feet of office space. Boston Realty Advisors’ Wil Catlin represented the Greenwood International Insurance, and Roger Breslin of Colliers Meredith & Grew represented the sub lessor, University of Massachusetts.
HOUSTON — NRG Texas, along with its retail division Reliant Energy, has leased approximately 240,000 square feet of office space at Pavilions Tower, the office component of the Houston Pavilions mixed-use development, located in downtown Houston. With this most recent lease, the nine-story, Class A office tower component of the project is completely leased. NRG will take occupancy in March 2011. Eric Anderson and Greg Tilton of Transwestern represented the landlord, Houston Pavilions LP, in lease negotiations. George Strake III and Christopher Oliver of Cushman & Wakefield of Texas represented the tenant. Houston Pavilions also contains 320,000 square feet of retail, restaurant and entertainment space on three lower levels, as well as a 1,600-space parking garage. The second and third levels of the retail component are connected by “Sky Rings”, pedestrian bridges that span Fannin and San Jacinto streets.
ORLANDO, FLA. — L3 Communications has signed a lease renewal with Sentinel Real Estate Corp. for 80,000 square feet of office space and an additional 5,992 square feet of space. The property is located in the Sand Lake West Business Park at the intersection of Sandlake and Kirkman roads in Orlando. Jim Barton of Orlando-based Mohr Partners represented the tenant; J. Paul Reynolds of CB Richard Ellis’ Orlando office represented the landlord.
TETEBORO, N.J. — NAI James E. Hanson has completed a 51,000-square-foot, long-term lease renewal at 100 Hollister Road, a 175,000-square-foot office building located in Teteboro. The tenant, Swift Electrical Supply, has occupied space within the building since 2003 and renewed its lease early. Scott Perkins and Andrew Somple of NAI Hanson represented the tenant. The landlord, KTR Capital, was represented in-house by Steve Pron.
LOS ANGELES — Tony Azzi of Marcus & Millichap represented the undisclosed seller in the disposition of 10817 Santa Monica Boulevard in Los Angeles. The 5,200-square-foot office property sold for $2.4 million or $500 per square foot. The buyer was not disclosed.
ATLANTA — Historic Urban Equities has redeveloped the 11-story Atlanta Flatiron Building, adding new HVAC systems to the property and updating the lobby and common areas. These and other renovations reduced the Flatiron’s carbon footprint by 20 percent. The property, located at 84 Peachtree St. in Atlanta, encompasses 37,000 square feet of office space.