SAN DIEGO COUNTY, CALIF. — BYCOR General Contractors has nearly finished constructing the 104,397-square-foot Building 902, a Class A office building in San Diego County’s Liberty Station. Delivery is expected late this month. Building 902 was constructed to Silver LEED specifications and features water-efficient fixtures, roof finishes aimed at reducing heat and locally produced building materials. The property is 77 percent leased to BAE Systems on a 10-year contract. Liberty Station already houses six fully leased buildings. With the addition of Building 902, the development will span 22 acres and encompass 380,000 square feet of office space.
BOSTON — Millennium Partners – Boston has received the 2009 Preservation Achievement Award for its restoration and redevelopment of the historic 179 Lincoln Street building, located in Boston’s Leather District. The former industrial building, which was constructed in 1899 and originally known as the Albany Building, was redeveloped into a five-story, 220,000-square-foot office building. The project received the award for Best Adaptive Use of a Historic Industrial Space in the City of Boston from the Boston Preservation Alliance. It also achieved LEED certification. The project was designed by locally based CBT Architects. New tenants that have signed at the building include Bovis Lend Lease LMB, Power Advocate and The TriZetto Group. CB Richard Ellis – New England is serving as leasing agent for the remaining space.
HOUSTON — Holliday Fenoglio Fowler (HFF) has arranged an $8.8 million loan for the Concourse at Westway, a two-story, 129,724-square-foot office building located on the West Sam Houston Tollway in Houston. The Class A, multi-tenant facility was constructed in 1999. It is currently fully occupied by five tenants, including Stewart Title Co. Eagle Energy Partners and Nextel of Texas. It is located within the 150-acre Westway Park mixed-use development. Todd Sugimoto of HFF’s Los Angeles office and Jeff Knowles of the firm’s Houston office originated the financing on behalf of Guggenheim Real Estate. Terms of the loan include a 3-year term with a floating interest rate. Proceeds will be used to replace an existing loan that matured in December 2008.
RALEIGH, N.C. — Poway 1 has purchased a 10,200-square-foot office/flex building in Raleigh from an undisclosed seller for an undisclosed price. The property is located at 1648 N. Market Dr. Raleigh-based Drucker & Falk’s Branham Stovall, II, represented the buyer, and Raleigh-based Fountain & English’s Andy English represented the seller.
FORT WORTH, TEXAS — Construction is complete for Wilcox Plaza at Green Oaks, a $15.4 million office project located in Fort Worth. Situated on an 8.77-acre site that formerly housed the Green Oaks Hotel, the property comprises a three-story, 196,000-square-foot office building. The project was designed by the Dallas office of Omniplan and is expected to receive LEED-Gold certification. Sustainable features include the preservation of the site’s original oak trees, a low-reflectivity roof, a structure comprised of recycled steel manufactured locally, low-VOC interior materials, and efficient water and energy systems. The project was developed by Wilcox Development and marks the second LEED-certified project Omniplan has completed for the developer.
VIRGINIA BEACH, VA. — The local defense contractor Atlantic Diving Supply has acquired the 82,000-square-foot Lynnwood Plaza office building from an undisclosed seller for an undisclosed price. The 23-year-old property spans 4 acres of land at 621 Lynnhaven Parkway in Virginia Beach’s Oceana West Corporate Park and will serve as the company’s new corporate headquarters. ADS will initially utilize 40,000 square feet of the Class A space, leasing the rest. When the company expands, it will start to occupy more of the building. CB Richard Ellis brokered the transaction.
BLOOMINGDALE, ILL. — IHC Construction has been selected as construction manager for the development of new headquarters space for Scottish Rite Cathedral Association – Valley of Chicago. The 62,000-square-foot facility will replace the organization’s existing headquarters when it is complete fall 2010. Crystal Lake, Ill.-based Legat Architects is providing architectural design services.
NEW YORK CITY — L&L Holding Co. has completed the interior build-out for Grey Group’s new 370,000-square-foot world headquarters, located at 200 Fifth Ave. in Manhattan, New York City. The new office encompasses six floors of the 800,000-square-foot office building. Construction included new elevators, bathrooms and windows, as well as a modernization of the electrical systems and other infrastructure. Grey Group will be relocating in the fall from its current Midtown offices at 777 Third Ave. L&L is currently undertaking a $120 million redevelopment of 200 Fifth Avenue. The project is being designed by Studios Architecture, with assistance from Landscape Designs. Upon completion, it is expected to achieve LEED-Gold certification.
WOBURN, MASS. — Woburn-based Cummings Properties has leased 7,000 square feet of office space at TradeCenter 128, a 400,000-square-foot office complex located in Woburn. Newly formed insurance brokerage firm Tudor Risk Services will occupy 7,000 square feet of office space within the complex. The company was founded earlier this year and is operating dual headquarters in Boston and Albany, N.Y. Derek Cook of Cummings Properties provided in-house representation in lease negotiations. Terms of the transaction were not disclosed.
FLOWER MOUND, TEXAS — Naterra International, a beauty care product manufacturer, has leased 63,260 square feet within the Corporate Ridge business center in Flower Mound for its corporate headquarters and distribution center. Naterra produces four product lines sold at retailers, including Tree Hut, All That Glitters, Colorgen and Baby Magic. The new lease will bring 28 jobs to Flower Mound; the company will continue to operate its Dallas manufacturing facility. Corporate Ridge is a 477,000-square-foot development; it currently has 41,000 square feet remaining for lease.