WOODCLIFF LAKE, N.J. — CB Richard Ellis (CBRE) Capital Markets has arranged a $20 million loan for the refinancing of a Class A office property located in Woodcliff Lake. The building totals 118,092 square feet and is located at 155 Tice Blvd. The property's sole tenant is Eisai, which occupies this building and the one at 100 Tice Blvd. as its corporate headquarters. The loan carries a 7-year term and a 25-year amortization schedule. The borrower was Ridge Associates II LP. James Gunning of CBRE Capital Markets arranged the financing. Earlier this month, CBRE Realty Trust acquired 100 Tice Blvd., a 208,911-square-foot office building.
IRVING — TXU Energy, which provides electricity and related services to more than 2 million customers in Texas, has renewed its 189,775-square-foot office lease at Las Colinas Urban Center in Irving. The location serves as TXU Energy's primary customer service call center. Brad Selner, Jon McNeil, Terry Darrow and Brooke Armstrong of Jones Lang LaSalle represented TXU Energy. C.E. Doc Cornutt represented the landlord.
FRISCO — Oracle America, Associated Network Providers and SEMbio Partners have all leased space in Duke Bridges III, a 160,263-square-foot Class A office building in Frisco. Oracle America, a business software and hardware systems provider, will occupy 48,652 square feet of space; Associated Network Providers, a wholesale long distance provider, will occupy 5,631 square feet of space; and SEMbio Partners, a recruiting company for the pharmaceutical industry, will lease 1,875 square feet. Greg Langston, Bret Hefton and John Flack with CRESA Partners represented Oracle and Billy Gannon with Cushman & Wakefield represented SEMbio Partners in their respective transactions. Meanwhile, Dale Ray and Joel Pustmueller with Peloton Commercial Real Estate represented the landlord, Duke Realty, on all three leases.
DORAL, FLA. — Amadeus, a technology provider to the travel industry, has leased approximately 105,000 square feet at One Park Square, which is located in Miami-Date's Airport West market in Doral. The 11-story, Class A 281,623-square-foot office building features ground-floor retail space, 24-hour security, on-site management, a fitness center, a conference facility and an integrated covered parking garage. Bruce Schuman and Tom Capocefalo of Studley represented the tenant; Tere Blanca and Danet Linares of Blanca Commercial Real Estate, along with Darryl Robinson of Oak Hill Advisors, represented the landlord, New Boston Fund, in the transaction. Terms of the transaction were not released.
FRANKLIN, TENN. — MedSolutions has renewed and expanded its lease for 96,000 square feet of office space at Cool Springs II in Franklin. Owned by Highwoods Properties, the property is located at 730 Cool Springs Blvd. Whit McCrary and Rob Lowe of Cassidy Turley represented MedSolutions; Jimmy Miller represented Highwoods Properties in the transaction. Terms of the lease were not disclosed.
SCHAUMBURG, ILL. — Crescend Technologies, a communication equipment designer and manufacturer, has purchased a 25,500-square-foot property in Schaumburg. Located at 140 E. State Parkway, the state-of-the-art facility features an air-conditioned production area, office space, engineering space and heavy power. The buyer plans to use the facility as its corporate headquarters and manufacturing center. Dan Smolensky of The Modal Group represented the buyer. The seller was not disclosed.
IRVING — Wells Core Office Income REIT has acquired Royal Ridge, a 119,000-square-foot Class A office building in suburban Dallas that is fully leased to JPMorganChase through 2020. The three-story building was built in 2005 and is located at 3929 John W. Carpenter Freeway in Irving. Brookfield Real Estate Opportunity Fund II sold the office property.
CALABASAS, CALIF. — PCCP LLC and Dallas-based Lincoln Property Co. have acquired a two-story, 51,654-square-foot suburban office building located within Calabasas Corporate Center in Calabasas. Built in 2008 and only about a 20-minute drive from Malibu, the vacant, newly constructed Class A building includes two levels of parking. The joint venture purchased the property in an off-market, short-sale transaction involving the existing construction lender.
DOWNERS GROVE, ILL. — CompTIA has selected Woodbridge, Ill.-based Morgan/Harbour Construction Co. to complete a build-out at the company's new office at 3500 Lacey Road in Downers Grove. The 32,289-square-foot build-out includes the construction of private offices, conference rooms, open work space areas and a break room. Perkins & Will is providing architectural services for the project, which is slated for completion in November.
SAN FRANCISCO — Hudson Pacific Properties has acquired a 144,440-square-foot office property, located at 222 Kearny Street in San Francisco’s North Financial District, from an affiliate of Canyon Capital Realty Advisors for $34.9 million. The two-building property consists of a 10-story office tower built in 1986 and a five-story structure built in 1915.