ATLANTA — Gables Residential has signed a full-floor lease at The Lenox Building in Atlanta, located at 3399 Peachtree Rd. in Atlanta. The company has signed a 10-year lease for approximately 21,000 square feet and will move its headquarters to the tower this fall. Gables Residential will relocate from its current headquarters at an office tower in the Vinings section of Atlanta. Billy Hobbs and Jason Jones with CRESA Partners represented Gables Residential in the transaction.
Office
LAKE MARY, FLA. — Progress Energy has signed a 108,499-square-foot lease renewal with Duke Realty for the entire Northpoint III office building, which is located in Lake Mary’s Northpoint office park. Progress Energy’s subsidiary, Florida Power, has leased the space since 2001. Tampa, Fla.-based The Duncan Cos.’ Ronnie Duncan represented Progress Energy in the lease. Tim Perry served as in-house representation for Duke.
CENTENNIAL, COLO. — The new 95,000-square-foot Centennial Station office building developed by Harwood & Associates has opened at 12154 E. Easter Ave. in Centennial. After 12 months of construction, the building is now fully occupied and includes a central conference room and learning center, break rooms, a jogging path and workout facility, as well as an atrium and balconies with views of Colorado’s Front Range. Project partners included the U.S. General Services Administration, general contractor The Weitz Company and architect Gensler. The development was designed for LEED-Silver certification.
HOWARD COUNTY, MD. — Baltimore-based St. John Properties has entered into an agreement with Greenebaum and Rose, Associates, to build five to six buildings in the 600-acre Maple Lawn Maryland mixed-use development in Howard County. St. John is currently building two industrial spaces totaling 80,000 square feet in the Maple Lawn Business Park. When finished with its commitment, the firm will have constructed nearly 300,000 square feet of warehouse space in the development.
MENDOTA HEIGHTS, MD. — Patrick Minea of NorthMarq’s Minneapolis office has secured a $28 million loan for Mendota Office Center I-IV and American Corporate Center in Mendota Heights. The office properties contain a total of 420,216 square feet of space. State Farm Life Insurance Co. provided financing for the loans.
PASADENA, CALIF. — CB Richard Ellis (CBRE) presided over the $52 million disposition of 2 North Lake, an office complex located at the corner of Colorado Boulevard and Lake Avenue in Pasadena. A private party, Singpoli, teamed with capital partners in Hong Kong and Taiwan to acquire the party, which consists of an 11-story, 203,911-square-foot office tower, two smaller, adjacent buildings and a parking structure. CBRE’s Kevin Shannon and Todd Tydlaska represented the seller, Grosvenor Americas, in the transaction.
MENDOTA HEIGHTS, MINN. — Patrick Minea of NorthMarq Capital’s Minneapolis regional office arranged a $28 million first mortgage for Mendota Office Center I, II, III, IV and American Corporate Center. Located in Mendota Heights, the properties offer a total of 420,216 square feet of office space. Financing was provided by State Farm Life Insurance Co.
WILLIAMSBURG, VA. — Henry S. Branscome LLC has acquired a 20,000-square-foot office building from Wather-Thomas Family Development of New Town LLC for $2.41 million. The property is located at 5372 Discovery Park Blvd. in Williamsbug. Dawn Griggs of Thalhimer’s Newport News, Va., office brokered the sale.
NEW YORK CITY — The Kaufman Organization has brokered a 15,536-square-foot office lease at 1250 Broadway, a 39-story, 670,000-square-foot tower located in Manhattan, New York City. Gabriels Technology Solutions will occupy the fully built, Class A space for a 5-year term. The technology provider is relocating from a smaller office on Hudson Street. Michael Heaner and Daniel Kahn of Kaufman represented the tenant. Eric Levy, Brad Siderow and A.J. Camhi of Murray Hill Properties represented the undisclosed landlord. The price of the lease was not released, but the asking price for the space was $50 per square foot.
LOS ANGELES — International law firm McKenna Long & Alridge LLP (MLA) has signed a long-term lease to occupy 62,418 square feet of office space at One California Plaza in downtown Los Angeles. The Class A+ space is located on two and one half floors at 300 S. Grand Ave. The firm plans to relocate to the space after tenant improvements are completed later this year. The deal in valued in excess of $30 million. Whitley Collins, Darren Eades, Tom McDonald and Tony Morales of Jones Lang LaSalle represented MLA in the deal. Maguire Properties, the landlord, was represented in-house by Josh Wrobel.