Office

R.W. HOLMES BROKERS 75,000-SQUARE-FOOT LEASE RENEWAL

by admin April 16, 2009

BILLERICA, MASS. — R.W. Holmes Realty Co. has brokered a 75,000-square-foot lease renewal at Forest Ridge Park, a three-building, 150,000-square-foot office park located at 85 Rangeway Rd. in Billerica. American Power Conversion will continue to occupy all of Building Two and half of Building Three at the property. Bill Sullivan of R.W. Holmes represented the landlord, K&L Realty. The tenant was represented by Jason Levendusky and David Connolly of CB Richard Ellis. Terms of the lease were not disclosed.

April 16, 2009

CONSTRUCTION ADVANCING FOR 88,000-SQUARE-FOOT OFFICE BUILDING

by admin April 16, 2009

DEER PARK, TEXAS — Construction is advancing for the first component of Deerwood Glen, a 150-acre business park located at 4400 Highway 225 in Deer Park. The first structure, a two-story, 88,000-square-foot office building, is under construction and scheduled for completion in August. The Class A building is already half pre-leased to an undisclosed anchor tenant. Phased construction of the park will continue over the next couple of years and will ultimately total more than 1 million square feet of Class A office and warehouse space. The project is being developed by Houston-based Clay Development & Construction. Leasing of the project’s four office buildings is being handled by John Pruitt, Jessica Ochoa and John Simons of CB Richard Ellis.

April 16, 2009

Office Western

4-ACRE LAND PARCEL FETCHES $4.05 MILLION

by admin April 16, 2009

CARLSBAD, CALIF. — Pacific Ridge School has acquired a 4-acre land parcel, which is located on the corner of El Fuerte Street and Poinsettia Lane in Carlsbad. The Corporation of the Presiding Bishop of The Church of Jesus Christ of Latter-day Saints sold the property for $4.05 million. The buyer plans to develop the site for its own use. Bill Hensley and Colleen Knowlton of Hensley Properties represented the buyer; David Knowlton of NAI Capital’s Newport Beach, Calif., office represented the seller in the transaction.

April 16, 2009

Office Western

CONSTRUCTION OF OFFICE BUILDING COMPLETE

by admin April 16, 2009

LA JOLLA, CALIF. — Construction is complete on a 2,878-square-foot professional office building in La Jolla. Located at 7841 Fay Ave., the two-story property offers a 780-square-foot interior courtyard. Mike Slattery and Erika Kruse of Grubb & Ellis|BRE Commercial are listing the property on behalf of the undisclosed owners.

April 16, 2009

Office Southeast

JOINT VENTURE TO REDEVELOP OFFICE BUILDING

by admin April 15, 2009

WASHINGTON, D.C. — Washington, D.C.-based ICG Properties and Castleton Holdings are slated to redevelop the 50,000-square-foot office building at 1050 31st St. in Washington. The five-story building was previously occupied by the American Trial Lawyers Association. The companies are considering turning the property into a hotel or leasing the space to office users or high-end retail tenants.

April 15, 2009

Midwest Office

COLLIERS BARRY NEGOTIATES 35,125-SQUARE-FOOT FLEX SPACE LEASE

by admin April 15, 2009

HARTLAND, WIS. — Milwaukee-based Colliers Barry has negotiated the leasing of 35,125 square feet of office and warehouse space at 340 Maple Ave. in Hartland. The space will be occupied by Sunburst Apparel, which was represented in lease negotiations by James Young of Colliers. The landlord was Roadster Hartland LLC. Terms of the lease were not disclosed. The new space marks an expansion from the tenant’s previous facilities.

April 15, 2009

Office Western

CONSTRUCTION COMPLETE FOR 96,481-SQUARE-FOOT OFFICE BUILDING

by admin April 15, 2009

SAN DIEGO — Clem Abrams has completed the development of Abrams Westview Plaza, a 96,481-square-foot, Class A office building located along Interstate 15 in the Scripps Ranch area of San Diego. The three-story multi-tenant facility features tilt-up concrete wall panels, limestone tile accents, high performance glazing and an overhead glass canopy supported by cantilevered steel framing highlights. Additionally, the property offers a two-level, 69,000-square-foot parking structure. Bycor Construction served as general contractor for the project. Smith Consulting Architects provided architectural services. Tom Nicholas and Pat Rohan of Cushman & Wakefield are leasing agents for the property.

April 15, 2009

Office Western

33,502-SQUARE-FOOT BUILD-TO-SUIT FACILITY FETCHES $5.1 MILLION

by admin April 15, 2009

PHOENIX — Orange, Calif.-based American Technologies has acquired a 33,502-square-foot build-to-suit facility at Parkside Business Center, which is located on the northeast corner of Parkside Lane and 23rd Avenue in Phoenix. Phoenix-based LGE Corp. sold the property for $5.1 million. Bill Bayless, Andrew Brigham and David Consani of CB Richard Ellis represented the buyer; Bob Kling of Lee & Associates Commercial Real Estate Services represented the seller in the transaction.

April 15, 2009

Office Southeast

PIZZUTI COS. TO DEVELOP KENNEDY SPACE CENTER OFFICE PARK

by admin April 14, 2009

ORLANDO, FLA. — The Orlando office of the The Pizzuti Cos. will begin site work later this year on the 315,000-square-foot Exploration Park, a 60-acre office park on the grounds of the Kennedy Space Center in Orlando. The project, a partnership between Space Florida and NASA, will feature office and lab space and high-bay facilities. A 25,000-square-foot office building, which can be expanded to 50,000 square feet, will be the first property constructed in the multi-phase project. Jones Edmunds & Associates will provide engineering work, O’Brien/Atkins Associates and HuntonBrady Architects will design the park and RUSH Construction will serve as the general contractor.

April 14, 2009

Office Southeast

132,000-SQUARE-FOOT OFFICE BUILDING CHANGES HANDS

by admin April 14, 2009

OAK RIDGE, TENN. — Heritage Center has sold a 132,000-square-foot office building to Cornelius, N.C.-based Manhattan Project, an affiliate of Fulcra Enterprises, for $2 million. The property, Building K1007, is located in the East Tennessee Technology Park in Oak Ridge. Building K1007 was built in 1960 and is currently leased to Bechtel Jacobs Co. The technology park encompasses seven buildings, four of which have been sold to Fulcra in an effort to release government-owned buildings to parties in the private sector. Maribel Koella and Matt Fentress of Knoxville, Tenn.-based NAI Knoxville brokered the sale.

April 14, 2009

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