LOUISVILLE, KY. — AAA East Central has sold its 33,000-square-foot former headquarters to physicians of the Neurosurgical Institute of Kentucky for $2.26 million. The property is located in the Gateway to the Louisville Medical Community at 435 E. Broadway in Louisville. The buyer will turn the space into a medical office building fit for its expanding practice. John Hoagland and Tim Brown of Louisville-based Hoagland Commercial Realtors brokered the sale.
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LANSING, MICH. ¬— Dart Development has scheduled the construction of the first speculative commercial building in mid-Michigan in 2009. The developer is planning to develop a 40,500-square-foot office/light industrial building within the Oakwood Executive Park in Lansing. The property can accommodate users in suites of up to 10,125 square feet. Each unit will include a truck door, a grade-level door and an office area.
ALPHARETTA, GA. – Philips Electronics has leased nearly 110,000 square feet of office and data center space at One Deerfield Centre, a mixed-use complex developed by Hines and managed by UBS Global Asset Management. The property is located 1 mile west of Georgia Highway 400 in Alpharetta. Philips is moving from its home of more than a decade, 64 Perimeter Center in Atlanta. The company will use space on the first and second floors for a customer care center for its healthcare division beginning this fall. Vincent Tuminelli of CB Richard Ellis’ New York office and John Dolan of the firm’s Atlanta office represented Philips in the transaction, while John Heagy, Tori Kerr and Brian Eichenseer provided in-house representation for Hines.
NORFOLK, VA. — Hurrah Players has purchased the 8,400-square-foot Chamber of Commerce Building in Norfolk from Hampton Roads Chamber of Commerce for $1.07 million. The property, which will be used as the new Hurrah Players headquarters, is located at 420 Bank St. Casey J. O’Hearn of Thalhimer brokered the sale.
ROSEMONT, ILL. — Jones Lang LaSalle (JLL) has arranged two office leases totaling approximately 35,000 square feet at Northwest Plaza in Rosemont. Kirkland, Wash.-based Clear Wireless signed a lease for 20,688 square feet, which will be used as the company’s new Chicago-area office when it relocates in August. Additionally, Mediterranean Shipping Corp. signed a lease for 14,463 square feet. The company will be relocating to the new office in July from its previous office, also in Rosemont. JLL’s Rick Benoy represented the building’s owner, a partnership managed by Fulcrum Asset Advisors, in lease negotiations. Gregg Raus, also of JLL, represented Mediterranean in its lease. Clear Wireless was represented by Mitchell Loveman and Kevin Duckler of Newmark Knight Frank. Northwest Plaza is a 328,000-square-foot, Class B office building that is located at 9701 and 9801 W. Higgins Rd. in the O’Hare submarket.
DANBURY, CONN. — Grubb & Ellis has completed the $72.4 million disposition of Danbury Corporate Center in Danbury. The facility was sold to an entity of The Matrix Realty Group Inc. The approximately $12.5 million in net proceeds from the sale will be used to pay down the company’s revolving credit facility.
FREEHOLD, N.J. — Onyx Equities has completed the sale of a 10,374-square-foot stand-alone office building located at 65 Gibson Place in Freehold. Gregg Nowell, John O'Hearn and Chris Santoro of Sitar represented the landlord in this transaction, while Timothy Kwok from RE/MAX Champions represented the buyer, the Chinese American Bible Church. The building was part of Onyx Equities' Freehold Executive Center, which includes 303 West Main Street, a recently renovated four-story, 59,257-square-foot office/professional building and pad sites that can accommodate two stand alone single-story buildings of 8,000 square feet and 15,000 square feet. Freehold Executive Center is situated in the western Monmouth County submarket within close proximity to Route 9, Route 33, Route 79, and Freehold Raceway Mall.
MCKINNEY, TEXAS — The McKinney City Council has started construction for a new $21 million, 45,000-square-foot municipal office building. The new building will replace the Collin County courthouse building, located at 210 S. McDonald St., and anchor a future city hall civic center complex. The building will house the McKinney staff offices and will be contain energy-efficient features.
NAPLES, FLA. — HAG Holdings has sold a 5,605-square-foot Naples office building to Commonwealth Foundation for $1.85 million. The property is located at 2629 S. Horseshoe Dr. George Atkinson of CB Richard Ellis’ Fort Myers, Fla., office represented the seller, and Prudential Florida Realty’s Ed Boeder represented the buyer.
FISHKILL, N.Y. — LandWorks LLC is developing a new 37,000-square-foot office building called LandWorks Professional Center that will be located in Fishkill. The company will collaborate with Sweeny Sterling Finlayson & Co. Architects and Michael Gillespie & Associates to design the facility. It will feature sustainable initiatives such as a modern septic system, rainwater storage and stormwater management. The building will also feature a fully automated and integrated daylight harvesting system, shallow floor plates and a raised-floor system. This building will be the first LEED-Silver certified commercial building in New York’s Hudson Valley. LandWorks is a development company created by physicians Kenneth Hansraj and Marcia Griffin-Hansraj. The new facility will primarily house the practice of the two doctors.