Office

G&E | PACIFIC REALTY BROKERS TWO SALES TOTALING $11.4 MILLION

by admin June 26, 2009

OMAHA, NEB. — Omaha-based Grubb & Ellis | Pacific Realty has brokered two commercial sales in Omaha totaling $11.4 million. In the first transaction, Jasper Stone Properties III LLC purchased Financial Plaza, an 85,653-square-foot office building located at 9410 W. Dodge Rd., from Financial Plaza II LLC. The building traded for $8.3 million. Scott Heider, Edgar Fleming and Candice Bruns, all of Grubb & Ellis, represented the seller. In the second transaction, Mike and Anna Sortino purchased Crossroads Plaza, a 19,906-square-foot shopping center located at 7610 Dodge St., from Friedman Family LP. The center traded for $3.1 million. Erik Wagner of Grubb & Ellis represented the buyer. Barry Zoob and Kyle Peterson, also of Grubb & Ellis, represented the seller. Grubb & Ellis will also be provided property management services for the center.

June 26, 2009

REGIONAL BROKERAGE FIRM SIGNS LONG-TERM LEASE

by admin June 26, 2009

GARDEN CITY, N.Y. — Stifel, Nicolaus & Company, Inc., a subsidiary of Stifel Financial Corp. a full-service regional brokerage and investment banking firm, has signed a 10-year, 24,771-square-foot lease at The Treeline Companies’ 1225 Franklin Avenue Plaza in Garden City. Kraig Silver of The Treeline Companies, represented the landlord in-house. Jay Stewart of Grubb & Ellis and Roger Wooster of Sutton & Edwards, Inc. represented the tenant. The five-story, Class A building features 205,000 square feet, as well as amenities such as meeting facilities, executive dining, a fitness center, and on-site owner management. The new lease represents a relocation and expansion for Stifel, Nicolaus & Company, which was previously located at 50 Charles Lindbergh Blvd. in Uniondale, New York. ?

June 26, 2009

Office Western

666,653-SQUARE-FOOT OFFICE TOWER TRADES HANDS

by admin June 26, 2009

DENVER — HRPT Properties Trust has acquired Seventeenth Street Plaza, a 33-story office tower located at 1225 17th St. in Denver, for an undisclosed price. The 666,653-square-foot is LEED Gold certified and has received ENERGY STAR awards since 2003. At the time of acquisition, the property was 93 percent occupied. Property amenities include an attached parking structure, Ink! Coffee, Heidi’s Brooklyn Deli, a fitness facility with showers and lockers, a bank, 24-hour security and a loading dock with a dedicated freight elevator. Mary Sullivan and Tim Swan of CB Richard Ellis represented the seller, institutional investors advised by J.P. Morgan Asset Management, in the transaction.

June 26, 2009

Office Southeast

OFFICE BUILDING SOLD FOR $10 MILLION

by admin June 25, 2009

ALEXANDRIA, VA. — Jim Kornick, Jerry Burg and Matt Clinebell of NorthMarq Capital have brokered the sale of the Landmark Professional Building to JAG Associates for $10.8 million. The 60,432-square-foot office property is located at 5249 Duke St. in Alexandria. Currently 90 percent occupied, the building will near full capacity when JAG moves into 3,500 square feet later this year.

June 25, 2009

Northeast Office

TREMONT SECURES $4.74 MILLION OFFICE LOAN

by admin June 25, 2009

BEDFORD, MASS. —Tremont Realty Capital has secured a $4.74 million loan for the refinancing of 54 Middlesex Turnpike, a two-story, 42,500-square-foot office building located in Bedford. The 6.7-acre property also contains a newly constructed, 8,000-square-foot daycare center. The borrower funded the construction of the new daycare out of pocket and was looking for a permanent loan to refinance its existing loan on the office building, in order to recoup some of its investment in the new property. The new loan carries a 20-year term, a 5.75 percent interest rate and an approximately 70 percent loan-to-value ratio. The lender was a local bank. The transaction was arranged by David Ross of Tremont’s Boston office.

June 25, 2009

Office Texas

TIG REAL ESTATE ARRANGES 9,624-SQUARE-FOOT OFFICE LEASE

by admin June 25, 2009

RICHARDSON, TEXAS — Dallas-based TIG Real Estate Services has arranged a lease for 9,624 square feet of office space at 885 E. Collins Blvd., in Richardson. Michael Grant and Ryan Wolcott of TIG represented the landlord, RREEF. Kathy Webster of Collin County Land Co. represented the tenant, Laser Works Inc. Terms of the lease were not disclosed.

June 25, 2009

Office Western

27,000-SQUARE-FOOT PROPERTY SELLS FOR $3.4 MILLION

by admin June 24, 2009

HENDERSON, COLO. — Brighton Road Investments has acquired the TCI/Michelin building, which is located at 9156 Brighton Rd. in Henderson. North South Properties of Hartsville sold the facility for $3.4 million. The 27,000-square-foot property, which was built-to-suit for TCI/Michelin, features retail, office and industrial space. TCI/Michelin currently occupies the space with 5 years remaining on its lease. Russ Agnew with Pinnacle Real Estate Advisors represented the buyer; Justin Krieger and Rob Edwards, also of Pinnacle Real Estate Advisors, represented the seller in the transaction.

June 24, 2009

Office Southeast

GRUBB & ELLIS BROKERS LEASE EXTENSION FOR N.C. COURT OF APPEALS

by admin June 23, 2009

RALEIGH, N.C. — The North Carolina Court of Appeals has signed a lease extension with an undisclosed landlord for 34,449 square feet. The office is located at 227 Fayetteville St. in Raleigh. Jake Jones of Grubb & Ellis|Thomas Linderman Graham’s Raleigh office represented the landlord.

June 23, 2009

Northeast Office

CBRE, RBJ COMPLETES 41,200-SQUARE-FOOT OFFICE LEASE

by admin June 23, 2009

NORTH READING, MASS. — CB Richard Ellis/New England (CBRE) and Richards Barry Joyce & Partners (RBJ) have completed a lease for 41,2000 square feet of Class A office space in North Reading. The tenant, Crowe Paradis Services Corp., will occupy the fourth floor of 400 Riverpark Drive, a seven-story,150,000-square-foot office building located within the 1 million-square-foot Riverpark Office Park. CBRE’s David Pergola, Mark Reardon and Jason Levendusky represented the ownership, a joint venture between Taurus Investment Holdings and DivcoWest, in lease negotiations. The tenant was represented by RBJP’s Brian McKenzie and James Lipscomb.

June 23, 2009

Office Southeast

COYOTE LOGISTICS LEASES ENTIRE OFFICE BUILDING

by admin June 22, 2009

ALPHARETTA, GA. — Coyote Logistics has signed a lease with The Alter Group for the 36,556-square-foot Brookside/800 in the Brookside Concourse office park. The 550,000-square-foot business center is located on Old Milton Parkway in Alpharetta. The property include day care facilities, restaurants, health clubs and a Georgia State University campus. Todd Yates and Gregg Metcalf served as in-house representation for the landlord.

June 22, 2009

Newer Posts

Older Posts