DALLAS — Circuit Co. has signed a 13,111-square-foot lease with an undisclosed landlord at 1380 Presidential Drive in Richardson. Emily Candee and Henry Knapek of Transwestern represented the tenant. Lee & Associates' Adam Strittmatter and Nathan Denton represented the landlord.
Office
HURST, TEXAS — Woodvale, Limited has purchased a 3,200-square-foot office from SB and T Assets Corp. The property is located at 464 MidCities Blvd. in Hurst. Russell Webb of Stream Realty Partners represented the buyer. Elizabeth Villalba and Tim McNutt of Bright Realty represented the seller.
ATLANTA — CIGNA has signed a 2-year lease extension with SDG Value Fund 1 for the 94,822-square-foot Metro Exchange Building in Nashville. The property is located in the 850-acre Metro Center mixed-use office park. CIGNA has been in the facility for more than 10 years. CB Richard Ellis' Harrison Johnson represented the tenant in the $3.55 million transaction.
FARMINGTON HILLS, MICH. — Samuel and Susan Bernstein have completed the disposition of a 7,200-square-foot property in Farmington Hills. Located at 31100 Northwestern Highway, the property offers 7,200 square feet of office space. The buyer and acquisition price were not disclosed. Todd Hawley of Friedman Real Estate Group negotiated the transaction on behalf of the seller.
PHILADELPHIA — Behringer Harvard has acquired the first mortgage secured by 1650 Arch Street, a 27-story, 553,349-square-foot office tower located in Philadelphia's Center City submarket. The company plans to make significant capital improvements to the property in the near-term and lease its vacant space. Drew McGowan, Tom Weitzel and Ron Cariola of Jones Lang LaSalle's Philadelphia office will handle leasing for the property.
NEW YORK CITY — Brand design and packaging firm Gammon Ragonesi Associates (GRA) has purchased a 6,333-square-foot office condo in New York City for $3 million. The firm will occupy the entire top floor of 131 West 133rd Street, a 16-story, 208,805-square-foot office building. Brett Maslin and Joseph Friedman of Adams & Co. represented GRA. Michael Rudder and Mike Heller of Time Equities represented the undisclosed seller. Time recently completed a multi-million capital improvements program at the property that converted its space into office condos.
HOUSTON — Beacon Investment has purchased the 130,822-square-foot Timberway II office building from PS Business Parks for an undisclosed price. The building is located on a 4.5-acre site at 15995 N. Barkers Landing in Houston's energy corridor. Dan Miller, Martin Hogan and Trent Agnew of Holliday Fenoglio Fowler represented the seller. Susan Hill of HFF worked with the borrower, BRI 1826 Timberway, to secure acquisition financing.
TROY, MICH. — AAM I has acquired The Handleman Building, which is located at 500 Kirts Blvd. in Troy. The 147,609-square-foot office property sold for an undisclosed price. The seller was Handleman Co. Todd Hawley of Friedman Real Estate Group represented both parties in the transaction.
CHELMSFORD, MASS. — Integrated Builders has completed a 13,000-square-foot interior office build-out at 300 Apollo Drive in Chelmsford. The space is being leased to semiconductor manufacturer Intersil Corp. Boston-based Spagnolo Gisness & Associates served as general contractor. Integrated has completed several projects at 300 Apollo, most notably a 133,500-square-foot office build-out for Aspect Software's corporate headquarters.
ARLINGTON, TEXAS — SF Farmers Insurance has sold a 13,088-square-foot office building in Arlington to a private investment group for an undisclosed amount. The new owners will use the two-story space as the School for Allied Health Professionals' training and lab facility. Gary Walker and Renee Guy-Efimoff of SCM Real Estate Services represented the seller. Fischer & Sanger's Robert Fisher represented the buyer.