Office

AVID SIGNS 203,000-SQUARE-FOOT OFFICE LEASE IN MASSACHUSETTS

by admin November 25, 2009

BURLINGTON, MASS. — Global media production company Avid has signed a lease for 203,000 square feet of Class A office and R&D space at Northwest Park in Burlington. Avid will occupy three of the park's buildings for a 10-year term; it will lease all of 75 Network Drive and 10 North Avenue as well as the first and second floors of 65 Network Drive. The company is relocating from Tewksbury, Mass., and will make the Burlington location its new corporate headquarters. Occupancy is expected by June 2010. Brian Hines and Michael Dalton of FHO Partners represented Avid in lease negotiations. The landlord, Nordblom Co., was represented by Tamie Thompson, Dan Cordeau and Dan Kollar of Jones Lang LaSalle.

November 25, 2009

EXCELERATE ENERGY LEASES 23,242 SQUARE FEET FOR HQ IN THE WOODLANDS

by admin November 25, 2009

THE WOODLANDS, TEXAS — Excelerate Energy has signed a lease for 23,242 square feet of office space at 1450 Lake Robbins Drive in The Woodlands. The company will relocating its headquarters from a smaller space at 1330 Lake Robbins Drive. The landlord, BIT Holdings Forty-Six, allowed the tenant to terminate Excelerate Energy's 10,589-square-foot lease and agreed to a favorable leasing package for it to relocate across the street. The relocation will be complete by February 2010. Mary Barnwell of CB Richard Ellis (CBRE) represented the tenant in lease negotiations Lance McCarthy, formerly of CBRE and now with Studley, assisted Barnwell in the transaction. Gary Johnson of Crimson Services represented the landlord. Terms of the lease were not disclosed.

November 25, 2009

Office Western

RYAN COS. TO BUILD CORP. HQ BUILDING IN SOUTHERN ARIZONA

by admin November 25, 2009

TUCSON, ARIZ. — Ryan Cos. US Inc. will develop an approximately 150,000-square-foot corporate headquarters for UniSource Energy Corporation on a 2-acre site at Broadway Boulevard and Scott Avenue in downtown Tucson. The building is expected to be completed by fourth quarter 2011 and achieve LEED certification at the Gold or Platinum level.

November 25, 2009

Office Texas

PERRY BROOKS BUILDING RENOVATION COMPLETE

by admin November 24, 2009

AUSTIN, TEXAS — Structura Inc. has completed the renovation of the Perry Brooks Building, a 12-story office tower located in downtown Austin. The lobby of the building was redesigned and now includes granite walls and floors, chrome railings and window trims, modern fixtures and abundant natural light. The building envelope was also renovated and now includes interlocking metal panels that cover the upper levels and are 30 percent more energy efficient. The project plans to seek the EPA's Energy Star certification for the project. L.M. Holder & Associates was the project architect. Transwestern's Austin office is leasing the property.

November 24, 2009

Office Western

NEW AAA HEADQUARTERS OPENS IN SOUTHERN CALIFORNIA

by admin November 24, 2009

WALNUT CREEK, CALIF. — The approximately 250,000-square-foot new corporate headquarters for AAA Northern California, Nevada and Utah has officially opened in Walnut Creek. Korth Sunseri Hagey Architects was the project designer, and Gensler created the interior design. The six-floor project began in January 2007.

November 24, 2009

Office Southeast

137,004-SQUARE-FOOT LEASE EXTENSION SIGNED IN MARYLAND

by admin November 23, 2009

SUITLAND, MD. — The National Oceanic & Atmospheric Administration has signed a 137,004-square-foot lease extension with Auth Road Associates in Suitland. The space is located in the World Weather Building at 5200 Auth Rd. Kurt Stout, Charles Dilks and Keith Lavey of Grubb & Ellis’ Government Services Group brokered the transaction.

November 23, 2009

Office Texas

SCM BROKERS SALE AT GOVERNOR'S ROW IN ARLINGTON

by admin November 23, 2009

ARLINGTON, TEXAS — SCM Real Estate has brokered the sale of a 4,425-square-foot commercial building located at 2005 E. Lamar Blvd. within Governor's Row in Arlington. Beaux Riley of SCM arranged the sale between the buyer, Hinckley Properties, and the undisclosed seller. This transaction marks the fifth building at Governor's Row that SCM has sold. Five buildings are still available for sale at the business campus.

November 23, 2009

Office Southeast

FORMER GIANT FOOD HEADQUARTERS SOLD

by admin November 20, 2009

LANDOVER, MD. — Alliance Business Capital Group has purchased the 350,000-square-foot former Giant Food headquarters from an undisclosed party for an undisclosed amount. The three-building office property is located in Landover. NAI KLNB’s Chris Kubler and Alan Coppola brokered the transaction.

November 20, 2009

Office Southeast

TWO TENANTS LEASE 96,000 SQUARE FEET IN D.C. OFFICE BUILDING

by admin November 20, 2009

WASHINGTON, D.C. — The Federal Republic of Germany has leased 76,000 square feet of office space from AION Partners at 2300 M St. in Washington. The German embassy will occupy space, formerly occupied by the European Union, while its embassy building is being renovated. Bruce Pascal and Mark Klug of CB Richard Ellis represented the tenant in the multi-year lease. Cassidy & Pinkard’s Zeke Dodson, Kerri Mulligan Salih and Jonathan Wellborn represented the landlord. AION Partners has also leased space in the M Street building to HQ Global Workplaces, extending its 20,000-square-foot lease for an additional 5 years. The space is located on the entire eighth floor and part of the ninth floor of the building. CB Richard Ellis’ Brian Murphy and Seth Benhard represented the tenant.

November 20, 2009

Office Western

62,000-SQUARE-FOOT CLASS A OFFICE LEASE EXTENSION IN OREGON

by admin November 20, 2009

PORTLAND, ORE. — Tonkon Torp LLP has signed an extension of its 62,000-square-foot Class A office lease with General Growth Properties at Pioneer Tower in downtown Portland and will also expand onto a whole new floor. MulvannyG2 Architecture will provide space-planning and interior-design services for Tonkon Torp’s headquarters expansion project. The first phase of construction will begin in February in the existing two-floor space, while the second, expansion phase will start in June 2010, with final occupancy set for August 2010.

November 20, 2009

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