HOUSTON — Parkway Properties has sold the 162,909-square-foot One Park 10 Plaza to Beacon Investment Properties for an undisclosed amount. The Class A property is located at 16225 Park 10 Place in Houston. Tenants such as GGS Spectrum and J. Connor Consulting occupy 93.7 percent of the building. Dan Miller and Trent Agnew of Holliday Fenoglio Fowler represented the seller.
CHICAGO — Vibes Media has leased 21,620 square feet of space at 300 W. Adams St. in Chicago. The company, a national mobile media expert, will relocate from 205 W. Wacker St. in the third quarter. Matt Carolan of Jones Lang LaSalle represented the tenant; Chris Cassata from CB Richard Ellis represented the undisclosed landlord. Additional terms of the lease were not released.
NEW YORK CITY — The Kaufman Organization has brokered an 18,500-square-foot office lease at 475 Tenth Ave. on Manhattan's West Side. LivePerson Inc. will occupy the space for a 10-year term. The asking rent for the space was $35 per square foot. Michael Kaufman and Grant Greenspan of The Kaufman Group represented the tenant in lease negotiations. Kristin Fisher of Adler Group represented the undisclosed landlord.
MILWAUKEE — Corithian Colleges Inc. has signed a lease for 45,000 square feet of office space in Milwaukee. The company is leasing space at Haymarket Square, which is located at 1311 N. Sixth St. in Milwaukee. Lyle Landowski, Mike Fardy and Scott Welsh of Inland Cos. brokered the deal. Additional terms of the transaction were not disclosed.
MILWAUKEE — Strayer University Inc. has leased 14,922 square feet of office space at Honey Creek IV. The property is located at 9000 W. Chester Ave. in Milwaukee. Lyle Landowski and Steve Pape of Inland Cos. brokered the deal. The landlord and lease price were not released.
IRVING, TEXAS — The General Services Administration has leased 30,000 square feet of flex office space at Parc 114, which will encompass 600,000 square feet when completed. Construction of the property, which borders the DFW International Airport in Irving, began in March and will wrap up in December. The GSA's 15-year lease is the first deal signed at the property, which is a joint venture between Jackson-Shaw and ORIX Real Estate Capital. Chris Jackson, Bob Hagewood and Blake Kendrick of Stream Realty brokered the lease.
CULVER CITY, CALIF — Punch Studio has acquired a 41,000-square-foot office building, located at 6025 Slauson Ave. within Playa Corporate Center in Culver City, for $10.8 million. The Klabin Company’s Ron Rader and Doug Marshall represented the buyer in the transaction, and CB Richard Ellis’ Stan Gerlach, Jeff Pion, Bryan Dunne and Michelle Esquivel-Hart represented the undisclosed sellers. Punch Studio, a manufacturer of gift and stationery items, plans to connect the two-story office building to the company’s existing office and warehouse facility next door with the addition of a new wing, which will increase the total property to approximately 140,000 square feet when completed in late 2011.
EFFINGHAM, ILL. — Midland States Bank has selected The Redmond Company to provide master planning, site selection and design services for its new headquarters in Effingham. The four-story, 80,000-square-foot building will house the bank’s administrative, operations and finance divisions. The property will feature an extensive glass exterior, a large ground-floor patio, roof terraces and a lobby atrium. Additionally, the building is being designed to achieve LEED certification. Green elements include water-efficient plumbing fixtures, recycled materials, energy management systems and a construction waste-management program. Completion is slated for early 2011.
NEW YORK CITY — The Nicotra Group has leased approximately 30,000 square feet of office space within Staten Island's Corporate Commons to Bridge Financial Group, an office of MetLife. The tenant will take occupancy of the Class A space, which is located within Corporate Commons Two, beginning in May. It is relocating from nearby Pleasant Plains. Corporate Commons consists of two buildings containing 300,000 square feet of office space. They are part of The Corporate Park of Staten Island.
HOUSTON — CHB America has purchased a 3-acre tract from SCO Oil for the new 20,000-square-foot U.S. headquarters of Chipolbrok, a shipping company. The land is located in the Interwood business park on Heathrow Forest Parkway in Houston. Southwest Realty Advisors' Marc Drumwright and Nick Miller represented SCO Oil.