Office

VERIZON LEASES 153,000 SQUARE FEET AT EISENHOWER CAMPUS

by admin February 18, 2009

LIVINGSTON, N.J. — Telecommunications company Verizon has leased 153,000 square feet of Class A office space at Eisenhower Corporate Campus, a 33.5-acre, 385,000-square-foot office property located at 290 W. Mt. Pleasant Ave. in Livingston. The company will be consolidating two of its offices, located in Madison and Scotch Plains, N.J., into the new facility. Chatham, N.J.-based The Garibaldi Group represented the owner, a partnership between Eastman Cos. and The Sagner Companies. Grubb & Ellis represented Verizon. The interior fit-out is currently under way, with Verizon expecting to move into the new office by the second quarter. Construction is being completed by Eastman Construction Co., the general contracting division of Eastman Cos.

February 18, 2009

ROCK COMMERCIAL COMPLETES 8,148-SQUARE-FOOT SALE

by admin February 18, 2009

YORK, PA. – York-based ROCK Commercial Real Estate has completed the sale of an 8,148-square-foot commercial property located on 2.82 acres at 2201 S. Queen St. in York. ROCK represented the seller, Easter Seals Central Pennsylvania, which sold the property to Paragon Properties Group for an undisclosed amount.

February 18, 2009

Office Western

SEVENTEENTH STREET PLAZA RECEIVES LEED GOLD CERTIFICATION

by admin February 18, 2009

DENVER — Seventeenth Street Plaza in downtown Denver has received LEED Gold Certification. Located at 1225 Seventeenth St., the property is the first multi-tenant property to earn the certification in the Rocky Mountain Time Zone. The 666,653-square-foot building is only one of 17 existing office properties in the United States to earn the gold certification under the Existing Building or Operations & Management (EB-OM) standard. J.P. Morgan Asset Management, the building’s owner, appointed Jones Lang LaSalle to manage the property in 2000. To obtain LEED Gold certification, the management team implemented the following strategies: installation of a weather satellite-controlled landscape irrigation system to control water usage according to local weather conditions; creation of a recycling program that redirects 219 tons of waste annually; replacement of fluorescent bulbs with more cost-efficient low-mercury bulbs; and increased use of sustainable maintenance products.

February 18, 2009

Midwest Office

NAI OLYMPIA PARTNERS ARRANGES 75,490-SQUARE-FOOT OFFICE LEASE

by admin February 17, 2009

INDIANAPOLIS — Christian Church Services has signed a lease for 75,490 square feet of office space located at 130-132 East Washington St. in Indianapolis. The property was leased by Perennial Washington Street LLC. Drew Augustin or NAI Olympia Partners represented the tenant; Matt Langfeldt and Gus Miller, also of NAI Olympia Partners, represented the landlord in negotiations. Additional terms of the lease were not disclosed.

February 17, 2009

Northeast Office

GALE COMPLETES 25,000-SQUARE-FOOT OFFICE BUILD-OUT

by admin February 17, 2009

SOUTH BRUNSWICK, N.J. — Roseland, N.J.-based The Gale Construction Company has completed a 25,000-square-foot office build-out on behalf of Sutman Princeton Associates. The project consisted of the offices of Theradex Systems, located at 4365 Route 1 South in South Brunswick. Gale renovated 5,000 square feet of space on the office’s first floor and 20,000 square feet on the third floor. The first floor contains a reception area, IT support, an employee lunch room and a business operations area. The third floor consists of an executive area with a library, conference rooms, 27 private offices, 45 workstations and various support rooms. Seth A. Leeb provided architectural services for the project. Theradex Systems’ new office houses approximately 80 employees consisting of administrative, research, executive and marketing staff.

February 17, 2009

Office Texas

JLL BROKERS OFFICE LEASE AT WORTHAM GREEN

by admin February 17, 2009

HOUSTON — Houston-based McCall Gibson & Co. has signed a lease for 8,271 square feet at Wortham Green, a three-story, 63,000-square-foot office building located in Houston. The accounting firm will use the offices, located at 13100 Wortham Center Dr., as its corporate headquarters. It will take occupancy in June. Mike McCall of Jones Lang LaSalle’s (JLL) Houston office represented McCall Gibson in lease negotiations. The building’s owner, Sacramento, Calif.-based Panattoni, was represented by Louis Rosenthal of JLL, as well as Justin Bennett and John Patterson of Panattoni. Terms of the lease were not disclosed.

February 17, 2009

Office Western

FIRST TWO PHASES OF WINDY POINT CORPORATE CENTER OPENS

by admin February 17, 2009

SAN MARCOS, CALIF. — Sawtooth Development Group has completed the first two phases of Windy Point Corporate Center, a master-planned three-phase complex in San Marcos. The University of St. Augustine for Health Sciences is leasing a total of 75,000 square feet of space at the center, including 30,000 square feet in the first phase, 20,000 square feet in the second phase and 25,000 square feet in the third phase. The first phase of the complex features 40,000 square feet in two buildings. Construction on phase three is slated to begin in November with completion scheduled for November 2010. Peter Curry and Matt Campbell of Grubb & Ellis|BRE Commercial represented the lessee; Curry, Campbell and Mike Erwin, also of Grubb & Ellis|BRE, represented the landlord in the lease transaction.

February 17, 2009

Office Southeast

FIRM BUYS 130,000-SQUARE-FOOT FLORIDA OFFICE

by admin February 16, 2009

TAMPA, FLA. — Orlando, Fla.-based Eola Capital has acquired a 130,000-square-foot office building from an undisclosed seller for an undisclosed price. The property is located at 500 N. Westshore Boulevard in Tampa and is 90 percent leased. Christian Lee of CB Richard Ellis’ Miami office and Dale Peterson and Ginger Gelsheimer of the firm’s Tampa office brokered the sale.

February 16, 2009

Office Southeast

RALEIGH OFFICE BUILDING SOLD FOR $2.3 MILLION

by admin February 16, 2009

RALEIGH, N.C. — PPPV has sold an 18,300-square-foot office building to 5560 Munford Partners for more than $2.3 million. The building, which will be used by the non-profit group Telamon, is located at 5560 Munford Rd. in Raleigh. Stewart Patch of Raleigh-based Coldwell Banker Commercial TradeMark Properties represented the seller. Kyle Greer of Raleigh-based NAI Carolantic Realty represented the buyer.

February 16, 2009

Midwest Office

LOCKWOOD DEVELOPMENT COMPLETES 30,000-SQUARE-FOOT HEADQUARTERS BUILDING

by admin February 16, 2009

OMAHA, NEB. — Locally based Lockwood Development has completed Lindsay Corp.’s 30,000-square-foot headquarters building located at 110th and Blondo streets within the Blondo Office Park in Omaha. Lockwood Construction, a subsidiary of Lockwood Development, led the building effort for the three-story facility. Lindsay Corp. plans to take occupancy at its new building on February 22nd. The cost of completing the build-to-suit facility was not disclosed.

February 16, 2009

Newer Posts

Older Posts