ATLANTA — Brasfield & Gorrie has broken ground on a 130,000-square-foot Class A office building in Grove Street Partners’ Gateway Center development near the Hartsfield-Jackson Atlanta International Airport. The office, which represents the first phase in the airport project, will be built to LEED standards. Rule Joy Trammell + Rubio designed the building, and Valdosta, Ga.-based Park Avenue Bank provided financing. Delivery is expected in August. A joint venture between Grove Street and Boston-based Fidelity Investments, the 1 million-square-foot Gateway Center will encompass 400,000 square feet of office space, 60,000 square feet of retail space and two hotels.
ORLANDO, FLA. — Ustler Development will break ground early next year on the 105,000-square-foot GAI Building in downtown Orlando. GAI Consultants has leased 65,000 square feet of space in the property, which is located at 618 E. South St. The company will move into the building in spring 2010 and will eventually employ 200 workers. Baker Barrios Architects designed the building, and Brasfield & Gorrie will serve as the general contractor. GAI, the original owner of the site, sold the property to Ustler for redevelopment and then leased space for a new office. Chris Sproles of CB Richard Ellis’ Orlando office represented GAI in both the lease and the earlier sale.
NEWARK, DEL. — Nationwide Finance Network has completed the sale and partial leaseback of its approximately 160,000-square-foot corporate offices, located at 300 Continental Dr. in Newark, for $20.75 million. The three-story, Class A building is situated on 22 acres. It features a data center on the second floor, 720 parking spaces and expansion capability. The buyer, Sallie Mae, plans to open a new credit operations center at the site. The company subsequently leased 72,000 square feet to Nationwide Financial Network for a 1-year term. Daniel Reeder and John Kaczowka of CB Richard Ellis’ Greater Philadelphia/Wilmington, Del., office, along with Terry Matthews of the Columbus, Ohio, office of CB Richard Ellis, represented the seller.
BOSTON — The Boston office of Gilbane has completed the interior build-out for Cengage Learning’s new, expanded offices at 10 and 20 Channel Center St. in Boston. The office space totals 100,000 square feet over three floors of the two adjacent buildings. Interior construction was completed in 60 days. Gilbane served as construction manager; the project architect was Boston-based TRO Jung/Brannen. Channel Center, as the two office buildings are known, is owned by Channel Center Holdings VAF LLC, a joint venture between Commonwealth Ventures and GEAM Value Add Realty Partners.
CENTENNIAL, COLO. — Barry Higgins and Taylor Turano of Marcus & Millichap’s Denver office represented both parties in the disposition of Southglenn Plaza, a multi-tenant office property located in Centennial. An undisclosed limited liability company acquired the property for $3.12 million. Located at 2305 E. Arapahoe Rd., the property was 70 percent occupied at the close of escrow. The seller was not disclosed.
SAN DIEGO — Jomola Investments Inc. has acquired a 6,513-square-foot office property, which is located at 6225 Lusk Blvd. in San Diego’s Sorrento Mesa district. Pearson Family Trust sold the property for $2.2 million. Glenn Arnold and Todd Murphy of Grubb & Ellis|BRE Commercial represented both parties in the transaction.
NEWNAN, GA. — Out-Med II has sold a 31,213-square-foot office property to an undisclosed buyer for $5.25 million. The building, located at 2959 Sharpsburg McCollum Rd. in Newnan, is occupied by The Papp Clinic. Atlanta-based Bull Realty brokered the transaction.
WARRENVILLE, ILL. — Skokie, Ill.-based The Missner Group has sold Corporate Lakes I, a 79,211-square-foot office building located at 2525 Cabot Dr. within Corporate Lakes Business Park in Warrenville. The property, which is 100 percent leased, was sold for approximately $10.7 million. A limited liability company formed and sponsored by Kevin Travers of Midwest Realty Advisors has acquired the three-story building. The property features an outdoor running path and a daycare area, and is within close proximity to restaurants and hotels. David Tarnoff, Howard Wiese and Brad Ader in the Chicago O’Hare office of Marcus & Millichap represented The Missner Group in the transaction.
NEW YORK CITY — Manhattan, New York City-based Winoker Realty Co. has completed the sales of two office condominium units, located within the historic Bar Building at 36 W. 44th St. in Midtown Manhattan, for a total of $4.66 million. Both condo units are located on the seventh floor of the building, and both were sold by TGG Holdings. In the first transaction, the New York Genealogical & Biographical Society acquired a 4,045-square-foot unit for $3.03 million. Jonata Dayan and Adam Ben-Dayan of Winoker represented both parties in the transaction. In the second transaction, Solari Real Estate acquired a 1,635-square-foot block of space for $1.63 million. Dayan and Ben-Dayan represented the seller; Gregg Roberts of TGG Holdings represented the buyer.
WORMLEYSBURG, PA. — Camp Hill, Pa.-based CAMPBELL Commercial Real Estate has negotiated the sale of a 13,000-square-foot office building located at 1007 Mumma Rd. in Wormleysburg. One floor of the two-story, Class A building is occupied by Global Data; the other floor is currently vacant. Art Campbell and Derek Bicksler of CAMPBELL Commercial Real Estate represented the seller, Duquesne University. The buyer, 1007 Mumma Road LLC, was represented by Jamie Pascotti and Todd Decker of Realty Management, Inc.