GILBERT, ARIZ. — Newmark Realty Capital has secured $3 million in permanent financing for a 41,157-square-foot office/warehouse building in Gilbert. Located within the Fiesta Commerce Center, the building is fully occupied by Lockheed Martin. Adam Parker of Newmark’s Phoenix office arranged the financing for the undisclosed borrower.
ALISO VIEJO, CALIF. — The Alison Company has arranged a $5.5 million loan for the refinancing of Journey Business Park in Aliso Viejo. Built in 1999, the multi-tenant property offers 60,648 square feet of office, light industrial and retail space. The 10-year loan has a 25-year amortization schedule. Shaun Moothart of The Alison Company secured the financing through an undisclosed life company correspondent.
EDISON, N.J. — CresaPartners has completed a 32,408-square-foot lease expansion on behalf of Camp, Dresser & McKee, a consulting, engineering, construction, and operations firm. The tenant will be taking an expanded space on the sixth floor of Raritan Plaza I in Edison. Conveniently situated in Edison, New Jersey, near the Garden State Parkway, the New Jersey Turnpike, I-287 and Routes 1, 9, 35, and 440, Raritan Plaza I is a 262,500-square-foot Class A office building, which is located within Raritan Center. Raritan Center features the New Jersey Convention and Exposition Center, several hotels, three banks, a travel agency, a day care center, News 12 New Jersey, and a U.S. Post Office, as well the regional operations for both United Parcel Service and Federal Express. Dennis Gralla, James Scancarella, and Christopher Crooks of CresaPartners represented Camp, Dresser and McKee in the transaction, and Summit Associates was represented by Vincent Visceglia.
NEW YORK CITY — FirstService Williams has represented GDS Publishing in a 20,240-square-foot, long-term lease on the fifth floor at 40 Wall Street in Manhattan, New York City. GDS is relocating to the Trump owned and managed property from 12,000 square feet in its current U.S. headquarters at 33 Whitehall St. Jared Freede and Greg Wang of FirstService Williams orchestrated the deal. GDS is set to occupy the space later this year. FirstService Williams will be marketing the space at 33 Whitehall Street that GDS is leaving behind.
AUSTIN, TEXAS — Grubb & Ellis Realty Investor has leased 24,335 square feet of office space at The Avallon, a five-building, Class A office complex located in Austin. Trion World Network will occupy space within Building IV, which is situated at 10814 Jollyville Rd. Lauren Spaeth of Grubb & Ellis’ Austin office represented the landlord, Grubb & Ellis Realty Investors, in lease negotiations. Chris Perry and Sloan Spaeth of Aquila Commercial represented Trion World Network. The Avallon contains approximately 318,000 square feet of office space and is currently 97 percent leased.
PHOENIX — Phoenix-based JDO LLC has acquired a 30,403-square-foot flex/office building located within Southbank Business Park at 3439 E. University Dr. in Phoenix. Colonial Development sold the property for $3.89 million. The property is currently 100 percent leased to General Services Administration. Jim Fijan and Jerry Roberts of CB Richard Ellis’ Phoenix office represented the buyer; Jim Wilson and Mike Beall of Cushman & Wakefield represented the seller in the transaction.
PORTLAND, ORE. — Alan and Donna Mascard have purchased a 5,673-square-foot office property, which is located at 1305 NW 18th Ave. in Portland. 18th & Overton LLC sold the property for $1.15 million. Josh Schweitz and Kevin Joshi of GVA Kidder Mathews represented the buyer; John Gibson of Colliers International represented the seller in the transaction.
WASHINGTON, D.C. — Kaiser Permanente has signed a lease with Louis Dreyfus Property Group and Fisher Brothers for more than 200,000 square feet of space in the 700 Second Street at Station Place office building in Washington. Designed to LEED Silver standards, the building is 60 percent preleased. The 507,273-square-foot 700 Second Street is the third phase of the 1.6-million-square-foot Station Place office complex. Bruce Pascal, Roberta Liss, Andrew Felber, Tim Hutchens, Mark Klug and Bobby Blair of CB Richard Ellis represented the owners. Rita Robison and Andy O’Brien of Jones Lang LaSalle represented Kaiser Permanente.
ATLANTA — The law firm Sutherland Asbill & Brennan has signed a lease renewal with Atlanta-based Jamestown Properties for 240,906 square feet of office space at 999 Peachtree. Both parties have agreed to a lease term that will expire in 2020. Sutherland Asbill & Brennan has been a tenant at 999 Peachtree since 1988. The 28-story property is located at the intersection of Peachtree and 10th streets in Atlanta.
BONITA SPRINGS, FLA. — Solovey Fountains Group has sold a 5,273-square-foot building to 3364 Woods Edge LLC for $1.22 million. The office property is located at 3364 Woods Edge Circle in Bonita Springs. Craig Timmins of Naples, Fla.-based Investment Properties Corp. brokered the sale.