CHICAGO — Clear Channel Communications has signed a 107,000-square-foot office lease at 233 North Michigan Avenue, located in downtown Chicago. Already a tenant at the building, Clear Channel will continue to lease all of the 27th and 28th floors and part of the 31st floor, but it will expand its presence in the building by leasing the entire third floor. This space will house the company’s Katz Communications business unit, which will be relocating from its previous offices at the NBC Tower. The new lease represents a 35,000-square-foot expansion and includes a tenant improvement package that will be used to build out the new space for Katz. Richard Schuham, Andrew Kelly and Bruce Rothman of Studley represented Clear Channel in lease negotiations. Brian Whiting and Jack McKinney, Jr. of J.F. McKinney & Associates represented the landlord, Parkway Properties.
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ARLINGTON, TEXAS — SCM Real Estate Services has arranged a lease expansion for Tenaska Inc. in Arlington. The Omaha, Neb.-based energy company now occupies 32,100 square feet at 1701 E. Lamar Blvd. The lease represents the company’s fourth expansion of its regional headquarters within the building. Gary Walker and Renee Efimoff of SCM represented Tenaska in lease negotiations. Phil Sandlin of Bradford Commercial represented the undisclosed landlord. Terms of the lease were not disclosed.
CHICAGO — Locally-owned Reed Construction has completed the build-out of a 5,000-square-foot fitness center within 303 E. Wacker Dr. in Chicago. The project includes men’s and women’s locker rooms and an exercise equipment area. Owned and managed by Hines, 303 East Wacker is a 28-story, 838,000-square-foot office tower situated in Chicago’s East Loop area. The building, which was built in 1979, was designed by Fujikawa Johnson & Associates and features an International Style tower that is distinguished by a curtain wall of bronze-finished aluminum and reflective glass and a two-story colonnaded arcade at ground level. The Environments Group/Perkins & Will provided architectural services for the build-out project.
ORLAND PARK, ILL. — Woodridge, Ill.-based Morgan/Harbour Construction, on behalf of American Technical Publishers Inc., has completed two office build-outs within a 42,000-square-foot, LEED-certified office building, which is located at 10200 Orland Parkway in Orland Park. The first project was a 5,952-square-foot build-out for Linden Group Inc., an architectural, interior design and land planning company, which is relocating from Homewood, Ill. Additionally, Morgan/Harbour completed a 2,667-square-foot build-out for ProMed Staffing Inc., which is relocating to the new Class A facility. Archideas provided architectural services for the projects.
STRATHAM, N.H. — The Timberland Company, a footwear and apparel retailer, has renewed its lease for 246,000 square feet at 200 Domain Drive, located in Stratham. The company currently occupies the entire two-story building as its corporate headquarters. The lease carries a 12-year term. It was negotiated on behalf of the landlord, Altid Enterprises, by John Wilson and James Lipscomb of Richards Barry Joyce & Partners. Timberland was represented by Thomas Farrelly of Cushman & Wakefield. Timberland’s headquarters is situated on 28 acres within Stratham Exeter Industrial Park. It features child care and a full-service cafeteria. Timberland also provides office space within the building for City Year’s New Hampshire headquarters.
NEW YORK CITY — SL Green Realty Corp. has secured a $145 million leasehold mortgage to refinance the company’s corporate headquarters building located in New York City. Known as the Graybar Building, the property totals 31 stories and 1.5 million square feet, and is situated at 420 Lexington Ave. near Grand Central Terminal. SL Green first acquired the building in 1998; it was 97 percent leased at the time of closing. The lender was TIAA-CREF; Morton Holliday, Alex Hernandez, Kate Pelet and Kathryn Schledwitz of Cushman & Wakefield Sonnenblick Goldman advised SL Green in the transaction.
IRVING, TEXAS — Fort Myers, Fla.-based Interop Technologies plans to open a new operations center Irving. The 23,000-square-foot property will be situated within the city’s Las Colinas submarket. Approximately 40 percent of the center will be dedicated to raised floor development, quality, assurance and systems processing. It will be staffed 24 hours a day. Interop plans to shift responsibility for supporting its hosted and turnkey customers from its current operations center in Fort Myers to the new facility. The company expects to spend approximately $3 million to purchase and renovated the building. Construction is scheduled for completion in early 2010.
ARLINGTON, PLANO AND DALLAS, TEXAS — Grubb & Ellis has completed three Dallas-area office leases. In Arlington, Unified investigations & Sciences leased 19,360 square feet of space, located at 1700 Tech Center Pkwy., from Parkway Industrial Partners. Cribb Altman and Lee Wagner of Grubb & Ellis represented the tenant. Canon Shoults of Holt Lunsford represented the landlord. In Plano, RamQuest Software leased 15,745 square feet of office space at Three Legacy Town Center, located at 5801 Tennyson Pkwy., from Tennyson Development LP. Grubb & Ellis’ Daniel Rudd and Billy Vahrenkamp represented the tenant. Ward Eastman of CAPSTAR Commercial Real Estate Services represented the landlord. Finally, Robert Half International leased 13,424 square feet of space, located within Dallas’ Occidental Tower at 5005 LBJ Freeway, from Occidental Tower Corp. Heather Shover and Russ Johnson of Grubb & Ellis represented the landlord. Kyle Pierson of Newmark Knight Frank represented the tenant.
FOLSOM, CALIF. — The California Independent System Operator Corp. (California ISO) has selected Clark Design/Build of California Inc. to design and construct its new $110 million headquarters. Slated to achieve LEED Gold certification, the 278,000-square-foot property will create a permanent headquarters for California ISO, a non-profit, public-benefit corporation. The project scope includes 30 acres of site clearing, creating utility infrastructure, installing perimeter security and constructing a headquarters building and parking facilities. Sacramento, Calif.-based Dreyfuss & Blackford Architects is leading the design team. Completion is slated for March 2011.
ATLANTA — Jones Lang LaSalle (JLL) has brokered a 135,000-square-foot office lease renewal at the River Ridge office development, located in Atlanta. Dallas-based Affiliated Computer Services will remain at eight-story, 177,000-square-foot office building, which is situated at 9040 Roswell Rd. It has occupied the space for more than a decade. JLL’s Rob Metcalf represented the tenant in lease negotiations. The landlord and the terms of the deal were not disclosed.