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.
KING OF PRUSSIA, PA. — BPG Properties has leased a total of 37,390 square feet of Class A office space at 1000 Continental Drive, a 200,000-square-foot office building located in King of Prussia. Nationwide Funds Group will occupy 29,615 square feet of the building and Grubb & Ellis will lease 7,775 square feet. They will join a tenant roster that currently includes The Hartford Financial Services Group, a subsidiary of Specialty Risk Services, Capital One and Worldwide Clinical Trials. BPG, the owner of the property, was represented in-house by Stephen Spaeder and Neil Gallagher. Additional landlord representation was provided by Jeffrey Mack, Douglas Newbert and John Susanin of GVA Smith Mack. Nationwide was represented by Michael Bronstein and Kari Fryman of CB Richard Ellis in its lease transaction; Grubb & Ellis was represented in-house by J. Robert Clements in its lease transaction.
SAN ANTONIO — Trane, an air conditioning systems, services and solutions company, has just received LEED – Commercial Interiors, Silver-level certification for its 32,000-square-foot office building located at 9535 Ball St. in San Antonio. The building, which was constructed by Metropolitan Contracting Co., includes high-efficiency HVAC systems, as well as water and light conservation techniques. Approximately one-third if the building materials used in construction were recycled, and 7 percent were derived from rapidly renewable sources. The building uses 32 percent less water than a comparable, non LEED-certified building and 50 percent less energy. The lighting systems also contain 15 percent less power density. The building is only the fourth LEED-certified building in San Antonio.
NEW BEDFORD, MASS. — Boston-based Fantini & Gorga has arranged a $4.9 million loan for a 71,000-square-foot, Class A office building located at 700 Pleasant St. in downtown New Bedford. The property is owned, leased and managed by Whelan Associates, which first acquired the property in 2005. It was originally built by a financial institution. George Fantini and Mark Whelan of Fantini & Gorga originated the financing through a local bank. Terms of the financing were not disclosed.
CARLSBAD, CALIF. — Newport National Corp. is developing the third and final building at its Ventana Real Office Park in Carlsbad. The last building, located at 2175 Salk Ave., is slated for completion in October. The Class A office park will feature three buildings totaling 218,530 square feet. Currently signed tenants include Euro RSCG Direct Response, BBQ’s Galore, EISI and Brightstar. McArdle Associates Architecture is providing architectural services for the project. TSA Contracting Inc. is serving as general contractor. The property is being marketed by Mark Avilla, Justin Halenza and Matty Sundberg of Grubb & Ellis|BRE Commercial.
LAS VEGAS — Colliers International — Las Vegas has brokered two office transactions totaling approximately $1.58 million in Las Vegas. In the first transaction, Keith Cubba and Grant Traub of Colliers International — Las Vegas represented David Tottori and Steven Mack Rhodes in the $1.1 million disposition of a 5,184-square-foot office property, which is located at 4441 S. Eastern Ave. in Las Vegas. Barton Hyde of Grubb & Ellis represented the buyer, Neri Blanco M.D., in the transaction. Additionally, Palm Court LLC has purchased a 2,775-square-foot office property, which is located at 6859 S. Eastern Ave. within the Palm Court Business Park in Las Vegas. Parkview Business Center LLC sold the property for $487,500. Cubba and Traub represented the buyer; Garrett Toft of Voit Commercial Brokerage represented the seller in the transaction.
NEW YORK CITY — The New York City office of NAI Global has completed a 16,229-square-foot office lease within Wall Street Plaza at 88 Pine St. in Manhattan’s Financial District. The tenant, institutional energy broker Power Merchants Group, will relocate from its previous offices on the 38th floor of 40 Wall Street. Terms of the 10-year lease include a complete build-out of the tenant’s new floor, which will provide Power Merchants Group with turnkey office space once it relocates. NAI’s Andrew Simon and Robert Kluge represented the tenant in lease negotiations. The owner of Wall Street Plaza is Orient Overseas Associates, which was represented by Frank Cento of Cushman & Wakefield.
SHREWSBURY, MASS. — Integrated Builders has been selected to construct a 2,000-square-foot laboratory at 800 Boston Turnpike in Shrewsbury. The space will be built for Valeritas, a Parsippany, N.J.-based medical technologies company with offices in Shrewsbury. The lab will include a modular clean room. Last year, Integrated Builders completed a 20,679-square-foot project at the same facility for Valeritas. Integrated was selected by the building’s landlord, Vinco Properties, to complete the Valeritas build-out and reposition the 50,000-square-foot building.
NOBLESVILLE, IND. — Construction is progressing on the first building within Jackson Commercial Real Estate’s Hamilton Healthcare Campus in Noblesville. The 122,000-square-foot office building, which is underway at 146th Street and Cumberland Road, should be ready for occupancy by October. Community Health Network will be the anchor tenant at the three-story facility. The medical facility is expected to include primary care services, urgent care, imaging services, a laboratory, and a community conference center for tenant and neighborhood use. Additionally, the building will serve as Jackson Commercial Real Estate’s headquarters office. American StructurePoint is the architect; Edwards-Rigdon Construction Co. is the contractor for the project. The estimated cost of the project was not disclosed.
SCHAUMBURG, ILL. — RML Capital has arranged $5.5 million in first mortgage financing for Lakewoods Corporate Center, an 82,000-square-foot office building located at 650 Algonquin Rd. in Schaumburg. A local investor used the funds to purchase the four-story building for $6.5 million. The loan was based on a 5-year term, with a 25-year amortization schedule after the first year. Richard Lynn of RML Capital secured financing for the building from a local bank.