Office

THREE NEW LEASES SIGNED AT ONE OAK PARK

by admin October 5, 2009

HOUSTON — Three new leases totaling 57,128 square feet have been signed at One Oak Park, a new office project located in Houston. Melton & Melton Certified Public Accountants is leasing 25,998 square feet, Access MediQuip is leasing 18,352 square feet, and First Continental Mortgage is leasing 12,778 square feet. Chip Colvill and Michael Anderson of Colvill Office Properties represented the landlord, a joint venture between Means Knaus Partners and an affiliate of The Carlyle Group. Andy Iverson of Jackson & Cooksey represented Access MediQuip, and Tommy Alexander and Warren Alexander of CB Richard Ellis represented First Continental Mortgage. One Oak Park totals 153,000 square feet and is located on 8.4 acres at 6002 Rogerdale Rd. in the city's Westchase district. The building was completed in April and is applying for LEED-Gold certification. Occupancy is currently 37 percent.

October 5, 2009

LAW FIRM SIGNS 80,000-SQUARE-FOOT LEASE AT 1450 BRICKELL

by admin October 2, 2009

MIAMI — The law firm Blizin Sumberg Baena Price & Axelrod has signed an 80,000-square-foot lease with 1450 Brickell LLC for space in 1450 Brickell. The 35-story Miami office tower is expected to deliver during the first quarter of next year. Blizin Sumberg will move from its current location in Miami’s Wachovia Financial Center to the new property, which has achieved LEED Gold pre-certification. Barbara Liberatore Black and Matthew Goodman of CRESA Partners represented the law firm. Blanca Commercial Real Estate’s Tere Blanca and Danet Linares represented the landlord.

October 2, 2009

Midwest Office

COHEN FINANCIAL SECURES $11.54 MILLION LOAN

by admin October 2, 2009

FISHERS, IND. — Cohen Financial has secured an $11.54 million loan for the refinancing of an office property in Fishers. Located on Kincaid Drive, the property offers approximately 193,000 square feet of office space. The buliding is currently 100 percent leased. Christopher Carroll of Cohen’s Chicago office arranged the financing, which includes a fixed rate and moderate leveraging, for the borrower, an institutional client. The lender was a regional bank.

October 2, 2009

Midwest Office

RENOVATION PLANNED FOR HISTORIC 1302 NORTH MERIDIAN STREET

by admin October 1, 2009

INDIANAPOLIS — An extensive renovation is planned for 1302 North Meridian Street, a historic 54,000-square-foot office building located in downtown Indianapolis. Acquired in 1932 by the Oldsmobile Division of General Motors, the property has since been utilized as a car dealership, a department store and a business furniture company. Most recently, the facility was occupied by Extra Space Storage. Locally-based Shiel Sexton has been tapped for the renovation project, which is scheduled for completion by year’s end. Upon completion, the project will seek LEED-CI Gold certification. The building currently offers up to 38,000 square feet of available for-lease office space on the first, second and third floors. John Crisp of Colliers Turley Martin Tucker – Indianapolis is marketing the property.

October 1, 2009

Northeast Office

KSS COMPLETES LAW OFFICE BUILD-OUT

by admin October 1, 2009

PRINCETON, N.J. — Acting as project architect, KSS Architects has completed the interior build-out for the new Princeton office of international law firm Dechert LLP. The firm relocated from its former office at Princeton Pike Corporate Center to a 30,000-square-foot space at 902 Carnegie Center. The interior contains marble tile floors as well as wood and glass workstations. Other features of the new office include conference rooms with audio-visual systems, a lunch room designed as a cafe, and security features throughout the space.

October 1, 2009

Midwest Office

48,482-SQUARE-FOOT OFFICE BUILDING SELLS FOR $3.5 MILLION

by admin September 30, 2009

TOLEDO, OHIO — Toledo-based ProMedica has acquired a 48,482-square-foot office building at 5520 Monroe St. in Toledo for $3.5 million. ProMedica plans to use the property to house a variety of operations. Jeremy Miller of CB Richard Ellis|Reichle Klein represented the seller, Southfield, Mich.-based Fifth Third Bank, in the transaction.

September 30, 2009

Northeast Office

JLL ARRANGES 37,260-SQUARE-FOOT OFFICE LEASE RENEWAL AND EXPANSION

by admin September 30, 2009

TEWKSBURY, MASS. — Jones Lang LaSalle (JLL) has arranged a 37,260-square-foot lease renewal and expansion for Starent Networks at Ames Pond Corporate Center in Tewksbury. The transaction includes a renewal of the company's 16,000-square-foot lease at 200 Ames Pond and a 21,260-square-foot expansion. JLL's Tamie Thompson, Flory McCarthy and Dan Kollar represented the landlord, a joint venture between Leggat McCall Properties and Dead River Properties. John Wilson of Richard Barry Joyce & Partners represented the tenant.

September 30, 2009

Office Western

DP PARTNERS WILL BREAK GROUND ON A 105,000-SQUARE-FOOT OFFICE BUILDING

by admin September 30, 2009

PORTLAND, ORE. — Reno, Nevada-based DP Partners will break ground on a 10.7-acre, 105,000-square-foot build-to-suit headquarters property in Portland for Morgan Distributing LLC. Located at LogistiCourt at Portal Way, the new building will accommodate Morgan’s central operations as well as the warehousing and distribution of Anheuser-Busch products when completed in spring 2010. Group Mackenzie and Perlo McCormack Pacific, both based in Portland, are the architect and contractor, respectively, on the project.

September 30, 2009

Midwest Office

CONSTRUCTION BEGINS ON $6 MILLION OFFICE BUILDING

by admin September 29, 2009

KIRKWOOD, MO. — Edwardsville, Ill.-based Contegra Construction, serving as general contractor, has started construction of a 21,000-square-foot office building for The Keane Insurance Group. Located at 135 W. Adams St. in downtown Kirkwood, the $6 million building will be home to approximately 60 employees of Keane Insurance Group and KIG Healthcare Solutions. The facility will feature a formal lobby; open office, private office and conference space; a fitness center and a lunch/break room. Completion is scheduled for spring 2010. Montgomery Bank is financing the project, which is being designed by Archimages Inc.

September 29, 2009

Office Texas

ABT SIGNS 27,000-SQUARE-FOOT OFFICE LEASE

by admin September 29, 2009

DALLAS — ABT Executive Suites, a provider of flexible-lease office space, has signed a lease for approximately 27,000 square feet within Dallas' Millennium Centre. The company plans to use the space for its 11th Dallas-area office. Sonny Moyers of Ebby Halliday Realtors and The O'Dea-Moyers Group represented ABT in lease negotiations. Matthew Didyk of Transwestern represented building ownership. Terms of the lease were not disclosed.

September 29, 2009

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