ROCKVILLE, MD. — SunTrust Bank and Thomson Reuters have leased a total of 90,516 square feet from The Realty Associates Fund VIII in Rockville. Thomson Reuters signed a new 5-year lease for 69,686 square feet; SunTrust renewed its 20,839-square-foot lease for 7 years. Located at 1445 Research Blvd. in Rockville, the property is currently 90 percent leased. McShea & Co.'s Bob Dickman and Brian McCarthy represented the landlord in the transaction.
OAK BROOK, ILL. — An out-of-state private investor has acquired Midwest Plaza South, an office building located at 2021 Midwest Road in Oak Brook. The 55,993-square-foot, multi-tenant property sold for $6.65 million or $120 per square foot. The property has maintained a median occupancy of 95 percent during the past 10 years. Howard Wiese and Rasto Gallo of Marcus & Millichap’s Chicago office brokered the transaction, which was an all-cash 1031 exchange. The seller was not disclosed.
BLOOMFIELD HILLS, MICH. — Woodhills Properties has purchased the former Republic Bank Building in Bloomfield Hills. Located at 40700 Woodward Ave., the property offers 29,307 square feet of office space. LBUBS 2005-C2 Bloomfield Hills LLC sold the property for an undisclosed price. Todd Hawley and Barry Swatsenbarg of Friedman Real Estate Group represented both parties in the transaction.
HARFORD COUNTY, MD. — St. John Properties has broken ground on more than 135,000 square feet of office and flex space as part of the Government and Technology Enterprise (GATE) project at Aberdeen Proving Ground in Harford County. The one-story office building and two flex buildings will be built to silver LEED standards and will represent the completion of the GATE project's first phase. Delivery is expected this summer, and the second phase of construction will begin in May.
COLUMBIA, MO. — Analytical Bio-Chemistry Laboratories has selected St. Louis-based ARCO Construction Co. for a $4.2 million laboratory renovation and expansion for its chemical division at its original campus in Columbia. The renovations include upgrading exterior finishes, redesigning and modernizing 27,000 square feet of laboratory and office space, and constructing a 10,000-square-foot addition, which includes a 2,000-square-foot walk-in freezer and a 5,000-square-foot sample prep area. Additionally, the project is designed to be more energy efficient. Completion is scheduled for June.
LOS ANGELES — E! Entertainment Television has signed a substantial lease renewal for 355,304 square feet of office space at the Wilshire Courtyard located at 5700 and 5750 Wilshire Blvd. in the Miracle Mile area of Los Angeles. Madison Partners’ Brad Feld represented the landlord, RREEF, and Mark Sullivan and David Gordon of Studley represented the tenant in the transaction, a 10-year renewal set to begin in January 2012. E! Entertainment Television currently occupies 70 percent of the Wilshire Courtyard’s 5750 Blvd. building.
MARISSA, ILL. — Swansea, Ill.-based Holland Construction Services has been selected to serve as general contractor for the construction of a new corporate headquarters office building for Prairie State Generating Co. Located in Marissa within Washington County, the new 20,600-square-foot facility is situated on the existing Prairie State Energy Campus. The project will be a pre-engineered metal building with stone and brick veneer and topped with a standing seam metal roof. The facility will feature a walkout basement and shower, locker and workout space on the lower level. Construction is expected to start in May, with completion scheduled for December.
DALLAS — GT Dallas Properties has leased 22,180 square feet of office space to HQ Global Workplaces in Dallas. The property is located at 13455 Noel Road. Steve Rigby, Peter Danna, Baron Aldrine and Mike Kay of CB Richard Ellis represented the tenant in the lease.
HOUSTON — WEUS Holdings has signed a 26,407-square-foot lease renewal with Tower Associates for space in Marathon Oil Tower. The 41-story, 1.07 million-square-foot property is located at 5555 San Felipe in Houston. CB Richard Ellis' Craig Beyer, Mary Barnwell and Brandon Clarke represented the tenant. The firm's John Pruitt and Jessica Ochoa represented the landlord.
KANSAS CITY, MO. — The General Services Administration (GSA) has signed a long-term lease renewal for 204,607 square feet of office space in downtown Kansas City. The Federal Aviation Administration occupies the majority of the building, which is located at 901 Locust St. The property, which is undergoing major upgrades, has been occupied by Department of Transportation agencies for 10 years. Brian Bacon of Cassidy Turley Ð Kansas City represented the ownership, Tierra FAA LLC, in the transaction. Terms of the lease were not released.