GEORGIA — Atlanta-based Lavista Associates recently brokered the REO sales of three Georgia office buildings. The firm's Austin Chase represented Excel Federal Credit Union in its sale of a 17,280-square-foot building to a private party for an undisclosed amount. The property is located at 101 Colony Park Drive in Cumming. Chase also represented State Bank & Trust in its sale of an office to an undisclosed party. The 5,900-square-foot property is located at 41 Milton Ave. in Alpharetta. John Cape and Kirven Brantley represented Westside Bank in an office disposition. The 9,000-square-foot Suwanee property is located in Satellite Park at Huntcrest.
CHELMSFORD, MASS. — Jones Lang LaSalle (JLL) has brokered the sale of a Chelmsford office property for $3.3 million. The property consists of a 105,000-square-foot office building located at 2 Elizabeth Drive. The building contains two 50,000-square-foot wings connected by a three-story atrium lobby. JLL's Peter Richardson and Flory McCarthy, formerly of JLL, brokered the deal between the seller, Sovereign Bank, and the buyer, Hittite Microwave Corp. The buyer plans to occupy the building, which is situated less than a mile from its world headquarters.
HOUSTON — American Spectrum Realty has sold a 101,880-square-foot office building to a private buyer for an undisclosed amount. Located at 5850 San Felipe St. in Houston, the six-story property was built in 1977 and renovated in 2004. Texas Petroleum Investment, Abby Office Centers, Legal Access Plans and other tenants lease 95 percent of the building. Victory Realty Solutions' Pamela Ngo Tranpark represented the buyer. Beth Young and Henry Hagendorf of Grubb & Ellis represented the seller.
DANBURY, CONN. — Goodfellow Ashmore | CORFAC Internattional has brokered the sale of a commercial property located at 66 Wooster Heights in Danbury for $1.8 million. The 5.02-acre property contains a former house and barn that were converted into office and warehouse space, respectively. The two buildings total 6,752 square feet. The seller was Bartlett Realty, which had previously leased the property to Bartlett Tree Service, one of its affiliates. Ernie Badillo of Goodfellow Ashmore represented Bartlett Realty as well as the buyer, locally based JAR Associates.
LOS ANGELES — PMCF Properties LLC has sold an 82,000-square-foot office building, located at 12304 Santa Monica Blvd. in west Los Angeles, for $16 million. Built in 1981, the three-story, multi-tenant office building was 55 percent occupied at the time of sale. Madison Partners’ Bob Safai, Lynwood Fields and Joe King represented the seller in the lender-facilitated transaction, and Craig Newlands and T.C. Macker of Coldwell Banker Commercial WESTMAC represented the buyer, 12304 Santa Monica Blvd LLC.
IRVINE, CALIF. — Grubb & Ellis has represented JPMorgan Chase Bank in a 5-year, 127,718-square-foot office lease renewal at 1833 Alton Parkway in Irvine. Grubb & Ellis’ Chon Kantikovit, Maury Gentile and Mike Carson represented the financial services firm, which utilizes the facility for loan servicing operations. Legacy Partners, the property’s landlord, represented itself in the transaction.
BELLEVUE, WASH. — The Bellevue office of GVA Kidder Mathews has handled Legacy Partners I Bellevue I-90 LLC’s $27 million sale of a 90,725-square-foot office property, located at 3460-3350 161st Ave. SE in Bellevue, to Realty Associate Advisors LLC. GVAKM’s Bob Conrad, Joe Lynch, Brian Hatcher and Andy Miller represented the seller in the transaction.
BALTIMORE — Ober|Kaler has signed a 94,213-square-foot lease with an affiliate of Lexington Realty Trust in Baltimore. Located at 100 Light St., the office space is situated in a 35-story skyscraper formerly known as the Legg Mason building. The tenant will move in April 1, 2011. The lease, which expires in 2026, will bring the building's occupancy to 44 percent. Lexington Realty Trust is currently undertaking $43.1 million worth of upgrades to the building, including the construction of a $23.3 million parking garage. Jones Lang LaSalle's Elizabeth Cooper, Jeff Groh and Michael Singer represented Ober|Kaler. Cassidy Turley's David Downey, Matt Seward and John Schulze represented the landlord.
EULESS, TEXAS — The General Services Administration has leased 40,000 square feet of office space from an undisclosed landlord in Westpark Centre, located at 150 Westpark Way in Euless. The space will be occupied by the United States Customs and Border Protection, an offshoot of the Department of Homeland Security. Westpark Centre is now 90 percent occupied. CB Richard Ellis' Chris Mickey and Jerry Cobb represented the GSA. SCM Real Estate Services' Darrel Higginbotham represented the landlord.
NORWALK, CONN. — Online travel service provider Priceline.com has signed a long-term lease for its new headquarters. The company will occupy 69,882-square-foot of office space within River Park, a 412,000-square-foot trophy property located at 800 Connecticut Ave. in Norwalk. David Block and Michael Siegel of CB Richard Ellis' Stamford, Conn., office represented the landlord, Carter & Associates A/A/F River Park Property Ownership LLC, in lease negotiations. Paul Kauffman of Cushman & Wakefield represented Priceline.