BRECKSVILLE, OHIO — A private investment group has acquired Brecksville Corporate Centers I and II, which are located at 6650 and 6670 W. Snowville Road in Brecksville. The two-building office/warehouse complex sold for $7.3 million. The 117,920-square-foot property consists of a 78,320-square-foot building and a 39,600-square-foot facility. Dan Cooper of The Cooper Commercial Investment Group represented the undisclosed local owners.
SAN ANTONIO — Kohl's Department Stores has signed a 102,000-square-foot lease with Myers & Crow for the Westover Office Center I in San Antonio. The two-story property is located at 10000 Rogers Road. Kohl's expects to employ more than 1,000 workers at the property within 3 years. Stephen C. Hall of Dallas-based GVA Cawley brokered the deal.
SCOTTSDALE, ARIZ. — CB Richard Ellis has negotiated the sale of Mercado Del Rancho, a suburban office complex located at 10301 N. 92nd St. in north Scottsdale. The purchase price was not disclosed. Located directly across from the Scottsdale Healthcare Shea campus, Mercado Del Rancho consists of two two-story buildings totaling 71,200 square feet. CBRE’s Barry Gabel and Mindy Korth represented the seller, Washington, D.C.-based 10301 North 92nd Street Holdings LLC, a business unit of CWCapital Asset Management, in the transaction; the buyer was ESI Ventures, dba Black Canyon Place LLC.
GREENFIELD, IND. — Welch & Wilson Properties, a third-party logistics company, has leased a 115,557-square-foot office/warehouse facility in Greenfield. The company will use the facility, which is located at 315 W. New Road, as a new operations base. Mark Writt and Tom Cooler of CB Richard Ellis’ Indianapolis office represented the landlord, California State Teachers’ Retirement System, in the transaction. Additional terms of the lease were not disclosed.
JACKSONVILLE, ILL. — Northbrook, Ill.-based The Boulder Group has brokered the sale of a single-tenant office building in Jacksonville. New York-based SNC Realty purchased the 61,400-square-foot property for $6.2 million. The building is fully occupied by Blue Cross and Blue Shield. Randy Blankstein of The Boulder Group represented the seller, a private Chicago investor. The buyer was self-represented.
NEW YORK CITY — Cushman & Wakefield Sonnenblick Goldman (CWSG) has arranged $35 million in first-mortgage financing for a Manhattan office tower. The property, which contains 500,000 square feet of office space over 23 stories, is located at 1385 Broadway. It is currently in the final stages of a major capital improvements program. CWSG represented an affiliate of Bloomingdale Properties in securing the loan, which carries a 10-year term and was provided by a commercial bank. In addition, Cushman & Wakefield serves as property manager and leasing agent for 1385 Broadway.
NEWTON, MASS. — J. Calnan & Associates has completed an interior build-out project on behalf of Trip Advisor in Newton. The firm demolished 50,000 square feet of office and warehouse space within Newton Business Park and reconfigured it to feature office space, high-tech conference rooms and collaboration areas. The new space also features new energy-efficient windows as well as new mechanical and HVAC systems. This marks Calnan's second project for Trip Advisor.
HOUSTON — Parkway Properties has sold the 163,000-square-foot One Park Ten office building to an undisclosed party for $15.7 million. The 28-year-old Houston property is 93.7 percent occupied. Parkway will recognize an $8.6 million gain on the sale during the second quarter. The sale is part of the company's program aimed at recycling older assets and investing in newer, larger properties.
GRAND PRAIRIE — JRDC Partners has acquired a 22,000-square-foot office building from G.I.T.F. for an undisclosed amount. The two-story property, located at 3340 Roy Orr Blvd. in Grand Prairie, was built in 2000 on 10.53 acres. Pete and Drew Richardson of Henry S. Miller Brokerage represented the buyer. Steve Johnson Commercial Realty's Carolyn Albert represented the seller.
WALTHAM, MASS. — Verizon has signed a lease renewal at Waltham's Reservoir Woods East Campus office park that will also significantly expand its presence. The lease, which carries a 10-year term, included a renewal for the 140,000 square feet Verizon currently occupies as well as a build-to-suit agreement for an additional 60,000 square feet of Class A office and lab space. Construction will soon begin for the expansion, which will be known as the Verizon Technology Innovation Center. The project will be seeking LEED-Silver certification. David Wright and Amy Perlman of CB Richard Ellis represented Verizon in lease negotiations. Andrew Majewski, also of CB Richard Ellis represented the landlords, a group of institutional investors advised by Prudential Real Estate Investors and a joint venture between Marcus Partners and The Davis Companies.