LAGUNA HILLS AND ANAHEIM, CALIF. — CB Richard Ellis has brokered two transactions totaling $2.38 million in Orange County. In the first transaction, Justin Hill and Kevin Hill of CBRE’s Anaheim office represented YG Ventures LLC in the sale of a 3,000-square-foot freestanding building. Located at 27051 Moulton Parkway in Laguna Hills, the property sold to a local dentist for $1.28 million. In Anaheim, the Holy Apostolic Catholic Church of the East purchased a 4,360-square-foot pre-school facility located at 2510 W. Orange Ave. Justin Hill and Ed Matevosian of CBRE’s Los Angeles North office represented the seller, Hatch Investments, in the transaction.
Office
NAPLES, FLA. — Stephen J. Lockwood & Co. and RAR-2 have sold two buildings totaling 27,408 square feet to Patton Avenue Holdings for $6.27 million. The properties, which are zoned for retail and office use, are located at 10295 and 9995 Tamiami Trail N. in Naples. David Stevens of Naples-based Investment Properties Co. brokered the transaction.
LAKE ZURICH, ILL. — Three Corporate Drive, a Class A office building located in Lake Zurich, has received the Environmental Protection Agency’s Energy Star designation. The three-story, 200,000-square-foot building is situated within Kemper Lakes Business Center, a business park owned by BPG Properties. Energy-efficient improvements to the building included retrofitting and replacing lighting fixtures with high-efficiency T-8 lamps, the installation of LED exit signs, and an energy management system that controls the HVAC and lighting systems. BPG worked closely with Cushman & Wakefield, the property manager of Three Corporate Drive, to gain the designation by increasing the building’s performance. Kemper Lakes Business Center is also undergoing a sustainable improvements program that includes controlling water and air emissions discharges; a paper, electronics and light bulb recycling program; the use of green cleaning supplies; and the use of rainwater and groundwater for irrigation.
LOS ANGELES — PRP Real Estate Advisors/Cambra Realty Joint Venture has purchased 6310 and 6330 San Vicente Boulevard, twin five-story office buildings in Los Angeles. The 206,175-square-foot complex sold for $44 million or $220 per square foot. At the time of acquisition, the property was 92 percent occupied. Bob Safai of Madison Partners represented the seller, Lexington San Vicente Associates, in the transaction.
EDEN PRAIRIE, MINN. — NAI Welsh has brokered the sale of the Xata Building, a 26,761-square-foot office property located at 965 Prairie Center Dr. in Eden Prairie. The building is currently 100 percent occupied by Xata Corp. NAI’s Tim Prinsen, Bob Pounds and Kevin O’Neil represented the seller, HP Partnership. The building was acquired by Swervo Development Corp. for an undisclosed amount.
DUNCANVILLE, TEXAS — Duncanville-based Mote & Associates has brokered the acquisition of an 8,800-square-foot property, located at 614 West Wheatland in Duncanville. The building, formerly a location for Total Eye Care, was purchased by an undisclosed private school. Bill Mote of Mote & Associates arranged the transaction. The acquisition price was not disclosed.
IRVINE, CALIF. — GFE Goddard Investment LLC has acquired Safari Technology Park, a 47,815-square-foot office complex located at 300 – 320 Goddard Way in Irvine, for an undisclosed price. The property consists of three Class A, two-story office buildings, which feature 12 suites. Richard Pincott of CB Richard Ellis’ Newport Beach, Calif., office represented the buyer; Michael Hartel, Dan Vittone and Alan Pekarcik of Voit Real Estate Services’ Irvine office represented the seller, Edison Spectrum Partners LLC, in the transaction.
LANSING, MICH. — Mason, Mich.-based Dart Development has announced plans to build a speculative office building within Oakwood Executive Park, the company’s 100-acre business park located in Lansing. The project will total 40,500 square feet. It will feature suites divisible from 10,125 square feet; each suite will feature a truck dock and a grade-level door, as well as an office area with two office, a break room and a conference room. The construction timetable was not released.
CHICAGO — The U.S. Environmental Protection Agency (EPA) has awarded the Energy Star designation to 123 North Wacker Drive, a 30-story office tower located in Chicago’s West Loop. Completed in 1987, 123 North Wacker contains 541,000 square feet of trophy office space. It was acquired in 2005 by Grubb & Ellis Realty Investors on behalf of tenant-in-common investors. The Energy Start program was introduced by the EPA in 1992 as a voluntary way for consumer products, homes and commercial buildings to reduce their environmental impact through energy efficiency.
LINCOLN, NEB. — NAI FMA Realty has brokered two leases in Lincoln. In the first transaction, the Nebraska practice of CPA and advisory firm BKD LLP has signed a lease for approximately 15,000 square feet at Wells Fargo Center. The firm plans to move into the space in August. It was represented in lease negotiations by Mike Van Buskirk of Zimmer Real Estate Services • ONCOR International. The landlord, Ameritas Life Insurance Corp., was represented by Richard Meginnis and Tom Graf of NAI FMA Realty. Wells Fargo Center is an 11-story, 260,000-square-foot office tower located in downtown Lincoln. Additionally, Panera Bread has signed a lease to occupy 4,714 square feet at Arbor Day Plaza, located at the intersection of 12th and P streets. The restaurant will open in mid-July. Tom Graf of NAI FMA Realty represented the landlord, the National Arbor Day Foundation. The tenant was represented by Frank Berber of the Lerner Company.