DANIA BEACH, FLA. — Construction of a $1 million renovation to Miami-based Fairchild Partners’ Airport Commerce Park, an 80,000-square-foot office property in Dania Beach, is complete. The property, located at 4101 Ravenswood Rd., received renovations including new building facades and new energy-efficient interior lighting. Tenants in the development, which is 90 percent occupied, include James Hartley Contractors, Super Yachts, Precision Air and Comprehensive Business Systems. Late this year, Fairchild will break ground on a LEED-certified, 10,000-square-foot building in the park.
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BOLINGBROOK, ILL. — BPG Properties has completed a $13 million capital improvements program at Tallgrass Corporate Center, a 548,000-square-foot office campus located in Bolingbrook. Construction primarily consisted of the conversion of 130,000 square feet of manufacturing space into Class A office space. In addition, a conference room, a cafeteria and a fitness center were constructed, and the main entrance was improved with a glass canopy. A 300-space expansion to the parking lot is slated for completion this spring. Chicago Bridge & Iron Co. has already signed a lease for 73,000 square feet of the new office space. It will join existing tenants such as Adventist Midwest Health, Ulta Beauty, Provena Health, Patterson Medical and Quebecor World Logistics. BPG first acquired the campus, which is a former research and development facility for Tellabs Inc., in 2004 and converted most of it into multi-tenant, Class A office space at the time.
PITTSBURGH — Auditor General Jack Wagner will be reviewing the Pennsylvania’s Department of General Service’s agreement to sell the State Office Building for $4.6 million. According to Wagner, the sale price will put undue burden on the state’s taxpayers and since it will not produce enough of a profit to offset the costs of moving expenses and leasing fees for the new locations in downtown Pittsburgh. Situated on 1.3 acres in downtown Pittsburgh, the State Office Building features 274,000 square feet at the entrance of Point State Park. The 16-story structure is slated to be sold to River Vue Associates of Canonsburg, Pa.
CORE CONSTRUCTION COMPLETES SUNSET PROFESSIONAL OFFICE BUILDING, TENANT IMPROVEMENTS LAS VEGAS — CORE Construction—Nevada has completed the construction of Sunset Professional Offices and the interior build out of Las Vegas Radiology at 7150 W. Sunset Blvd. in Las Vegas. The project consists of a two-story, 31,876-square-foot medical office building and a 5,000-square-foot interior build out. Las Vegas Urology developed the property. Vedelago Petsch Architects provided architectural services for the approximately $4.4 million project.
KIRKLAND, WASH. — The Foster Foundation has acquired an office property, which is located at 13 Central Way in Kirkland, for $1.9 million. The 3,879-square-foot property is situated on 0.11 acres. The seller was Summit Properties LLC. Chris Corr of GVA Kidder Mathews represented the buyer; Dino Christopolis of Marcus & Millichap represented the seller in the transaction.
HARTFORD, CONN. — S.H. Smith & Co. has signed a lease for 21,000 square feet at 20 Church Street, a Class A office building located in downtown Hartford. The insurance broker will relocate its company headquarters to the new office from its previous location in West Hartford. John McCormick, Patrick Mulready and Alexis Augsberger of CB Richard Ellis represented the landlord, Morristown, N.J.-based The Hampshire Companies, in lease negotiations. Hampshire acquired the property in 2006 as part of its Hampshire Partners Fund VI and has since completed significant capital improvements to it.
WASHINGTON, D.C. — Bob Donhauser, Bill Asbill and Cary Abod of Holliday Fenoglio Fowler’s Washington office have secured $100.5 million in financing for a 310,825-square-foot office building. The property, located at 1101 K St. N.W. in Washington, is owned by a joint venture between Chevy Chase, Md.-based The JBG Cos. and Rockwood Capital. Building tenants include FTI Consulting, Brunswick Capital, District of Columbia Bar Association and Brasserie Back. Helaba provided funding for the 3-year, adjustable-rate loan, which replaced a Bank of America construction loan.
OWINGS MILLS, MD. — Columbia, Md.-based James M. Jost & Co. has broken ground on the 90,000-square-foot McDonogh Village and Professional Center, a four-story, Class A office complex with ground-floor retail space. The property spans 8 acres at 8890 McDonogh Rd. in Owings Mills. The space is divided into office suites, which feature 9-foot ceiling heights, high-speed Internet and public utilities. The building is being marketed to professional, medical and service-related companies.
OVERLAND PARK, KAN. — Black & Veatch, an engineering, consulting and construction company, has acquired the building it currently occupies in Overland Park to serve as its global headquarters. The company purchased the 600,000-square-foot building at 11401 Lamar Ave. for $60 million, and has plans to expand the complex with an additional 250,000-square-foot building in the future. It is the largest office building in the state of Kansas. Black & Veatch has been the sole occupant of the building since it was built in 1976.
MARLBOROUGH, MASS. — Richards Barry Joyce & Partners (RBJP) has negotiated four leases totaling 140,466 square feet within Solomon Pond Park in Marlborough. John Lashar, Brian McKenzie and Paul Leone of RBJP represented the landlord, DGI Holdings III LLC, in each of the transactions. AREVA signed a lease for 43,709 square feet of office space at 400 Donald Lynch Blvd. Blue Cod Technologies renewed and expanded its lease to occupy the entire 40,019-square-foot office building located at 295 Donald Lynch Blvd. In addition, it signed a new lease for 29,763 square feet of space at 500 Donald Lynch Blvd. Finally, Park Place International signed a lease for 26,975 square feet of office and light industrial space at 500 Donald Lynch Blvd. Solomon Pond Park is owned by a joint venture between Great Point Investors and Nordic Properties. The 163-acre, master-planned business park includes more than 700,000 square feet of office, research and development and flex industrial space. The park also contains Solomon Pond Mall, a Marriott Residence Inn hotel, an in-park childcare center, a 2-mile jogging trail, an on-site cafeteria and outdoor meeting areas.