HENDERSON, COLO. — Brighton Road Investments has acquired the TCI/Michelin building, which is located at 9156 Brighton Rd. in Henderson. North South Properties of Hartsville sold the facility for $3.4 million. The 27,000-square-foot property, which was built-to-suit for TCI/Michelin, features retail, office and industrial space. TCI/Michelin currently occupies the space with 5 years remaining on its lease. Russ Agnew with Pinnacle Real Estate Advisors represented the buyer; Justin Krieger and Rob Edwards, also of Pinnacle Real Estate Advisors, represented the seller in the transaction.
Office
RALEIGH, N.C. — The North Carolina Court of Appeals has signed a lease extension with an undisclosed landlord for 34,449 square feet. The office is located at 227 Fayetteville St. in Raleigh. Jake Jones of Grubb & Ellis|Thomas Linderman Graham’s Raleigh office represented the landlord.
NORTH READING, MASS. — CB Richard Ellis/New England (CBRE) and Richards Barry Joyce & Partners (RBJ) have completed a lease for 41,2000 square feet of Class A office space in North Reading. The tenant, Crowe Paradis Services Corp., will occupy the fourth floor of 400 Riverpark Drive, a seven-story,150,000-square-foot office building located within the 1 million-square-foot Riverpark Office Park. CBRE’s David Pergola, Mark Reardon and Jason Levendusky represented the ownership, a joint venture between Taurus Investment Holdings and DivcoWest, in lease negotiations. The tenant was represented by RBJP’s Brian McKenzie and James Lipscomb.
ALPHARETTA, GA. — Coyote Logistics has signed a lease with The Alter Group for the 36,556-square-foot Brookside/800 in the Brookside Concourse office park. The 550,000-square-foot business center is located on Old Milton Parkway in Alpharetta. The property include day care facilities, restaurants, health clubs and a Georgia State University campus. Todd Yates and Gregg Metcalf served as in-house representation for the landlord.
TAMPA, FLA. — Robert Hernandez of NorthMarq Capital’s Tampa office has arranged a $21 million construction loan for Sutton Properties. The loan is being used to expand Sutton’s original 141,376-square-foot building to a total of 281,458 square feet for manufacturing and office space. The property is fully occupied by DRS Optronics Financing was based an 18-month interest-only term followed by a 42-month extension amortized on a 15-year schedule.
NEW YORK CITY — The National Basketball Association has renewed its lease for 153,405 square feet at Olympic Tower, a Class A office tower located at 645 Fifth Ave. in Manhattan, New York City. The NBA signed a lease for 10 years with a 5-year option. It will continue to occupy floors 14 through 20 of the building with an option to expand onto two additional floors. It originally took occupancy at the building more than three decades ago; the location contains its corporate offices. Harry Seherr-Thoss, Mark Jaccom, Robert Freedman, Richard Plehn Sr., and Christina Plakopita of FirstService Williams represented the landlord, Olympic Tower Associates. The tenant was represented by Barry Goson, Moshe Sukenik and Corey Borg of Newmark Knight Frank.
ARLINGTON, VA. — The board of Arlington County has signed a 144,740-square-foot lease with Foulger-Pratt Development for space in Sequoia Plaza One. The county leased 97 percent of the building, which is located at 2100 Washington Blvd. in Arlington. Included in the 10-year lease is an option to expand into the entire three-building Sequoia Plaza office park. Foulger-Pratt has also added base-building upgrades in order to qualify the space for LEED EB certification. Mark Roberts of Washington, D.C.-based Studley represented the tenant, and Cushman & Wakefield represented Fougler-Pratt.
BURLINGTON, MASS. — New Boston Fund has completed the sale of 51 South Bedford St., a 100,000-square-foot telecom facility in Burlington. The building was sold for an undisclosed price to H.N. Gorin, Inc. The building, which is fully leased to long-term tenant Verizon Communications, is located directly off Route 128 and is adjacent to the Burlington Mall. Peter Joseph at Eastdil Secured represented New Boston in the transaction and procured the buyer.
NEW YORK CITY — NAI Global New York City has negotiated a 7-year office lease on behalf of Guidepoint Global, a leading primary research firm who provides customized information solutions in the healthcare, technology, media, telecommunications, energy, industrials, consumer goods and services, and financial services sectors. The tenant is taking 30,671 square feet of space on the 11th floor 730 Third Ave. in Manhattan, New York City. The tenant’s recent acquisition of S&Ps Vista Research division necessitated a move to larger premises. Andrew Simon and Logan Gurtman of NAI Global New York City represented the tenant, and Howard Fiddle of CBRE represented the building’s owner, TIAA-CREF.
SCOTTSDALE, ARIZ. — Greg Hopley of Colliers International has brokered the sale and acquisition of two office suites, totaling approximately 8,515 square feet, within Bell 101 Executive Center, which is located at 8937 E. Bell Rd. in Scottsdale. Cabral Holdings acquired the space from EBH LLC for $1.46 million or $172 per square foot. Cabral plans to occupy the second floor suite. A mortgage company currently occupies the first floor suite.