DEERFIELD, ILL. — The corporate services division of MB Real Estate has represented Deerfield-based Astellas US LLC in completing a 49,067-square-foot expansion of their North American headquarters, which is located within Parkway North in Deerfield. The expansion, which will take place during the third quarter of this year, will accommodate the pharmaceutical company’s growth. Andrew Davidson, David Burkards and Kyle Robbins of MB Real Estate represented Astellas US; Jack Reardon of CB Richard Ellis represented building ownership in the transaction. The cost was not disclosed.
ROCHESTER, N.Y. — GMH Capital Partners has brokered the sale of Brighton Surgery Center, a two-story medical office facility located in Rochester, for $5.6 million. Situated on approximately 3 acres, the 19,836-square-foot building was fully occupied at the time of closing. Brighton Surgery Center LLC, which also purchased the property, occupies 17,395 square feet of the facility. Genesee Valley Anesthesiologists occupies the remaining 2,441 square feet. Dave Forrest and Tom Haak of GMH represented the undisclosed seller.
AUSTIN, TEXAS — Austin-based Texas Realty Capital (TRC) has secured $35.7 million in joint venture and construction financing for Capstar at Compass Plaza, an eight-story office building that will be located within Austin’s central business district. The project will contain 116,000 square feet of Class A space, and is already more than 90 percent pre-leased to Capstar Partners, Harden Healthcare, DMX Music and Compass Bank. Construction is expected to take 14 months to complete. Jim Lemos of TRC arranged the financing through Thrivent Financial of Minneapolis. Capital City Partners and Sage Land Co. are developing the project. Terms of the loan were not disclosed.
SAN DIEGO — Metzler North America has acquired Paseo Del Mar in San Diego for $147.9 million. The three-building complex offers 232,435 square feet of Class A office space. Located at 12255 El Camino Real, the complex features Class A interior finishes, lockers, shower facilities and one level of below-grade executive parking. Lynn LaChappelle, Bob Prendergast, John Nesbitt and Ryan Dunigan of Jones Lang LaSalle represented the seller, KBS Realty Advisors, in the transaction.
AGOURA HILLS, CALIF. — Holualoa Realty Advisors has completed the disposition of a 61,000-square-foot industrial building, which is located at 28720 Roadside Dr. in Agoura Hills. Shamrock Plaza LP purchased the property for $12 million. At the time of acquisition, the property was leased to a variety of tenants, including legal professionals, financial services and investment industries. Bruce Frasco with NAI Capital and Tom Specker of Lee & Associates represented the seller; Frasco also represented the buyer in the transaction.
PORTLAND, ORE. — Portland-based Guardian Management LLC, through a newly formed corporation, will acquire the Southern California and Arizona offices of Sperry Van Ness. With the acquisition, Guardian will hold the development and franchise rights for Sperry Van Ness in Southern California, Arizona and Oregon; and the company’s president, Tom Brenneke, will become a member of the Sperry Van Ness board of advisors. The transaction is slated to close no later than August 29. The purchase includes seven regional offices in Southern California and one office in Phoenix, totaling 190 commercial real estate advisors. Guardian is planning to expand Sperry Van Ness’ presence in Oregon and Arizona.
GRAND RAPIDS, MICH. — Grubb & Ellis|Paramount Commerce has arranged the sale of a 160,000-square-foot office facility located at 4420 44th St. SE in Grand Rapids. Grand Rapids 4420 LLC acquired the fully leased building as an investment for an undisclosed amount. The building, which was occupied by Spectrum Health and DTE Energy, contains an industrial shell with a fully built-out, Class B administrative office space finish. Approximately 20,000 square feet of the facility is file, storage or dock area. Matthew Roybal of RE/MAX Marquee Partners represented the buyer in the transaction. Patrick Shannon of Grubb & Ellis Detroit referred the seller, Southwest MI Ind Investors LLC, to Grubb & Ellis|Paramount Commerce. Colin Kraay and Chad Barton of Grubb & Ellis|Paramount Commerce represented the seller in the transaction.
OAK PARK, MICH. — The Beale Group has brokered the sale of a 22,000-square-foot office facility located at 14650 8 Mile Rd. in Oak Park. The buyer, Noyz & Toyz, has plans to use part of the building to open a school for personalizing cars, and will lease the remainder of the facility. Automated Insurance Services sold the facility for an undisclosed amount. Ferris Hamama of The Beale Group represented both parties in the transaction.
HOUSTON — Indianapolis-based Duke Realty Corp. has broken ground for the development of the first building within the 80-acre Westside Office Park, located at the intersection of Interstate 10 and Mason Road in Houston. The Det Norske Veritas building will be a 90,000-square-foot, build-to-suit office project situated on 7 acres within the office park. It will be applying for LEED-Gold certification from the U.S. Green Building Council. The $14.4 million facility is being developed by Duke for Norwegian consulting firm Det Norske Veritas. Ziegler Cooper Architects will serve as interior architect, with Powers Brown Architects designing the building shell. Burton Construction will serve as general contractor for the building shell and core. Completion is scheduled for early 2009.
EL SEGUNDO, CALIF. — Trio Pacific LLC has completed the disposition of a six-story office building, which is located at 2401 El Segundo Blvd. in El Segundo. TA Associates Realty purchased the 103,252-square-foot property for $24.5 million. The building houses an elite roster of defense- and aerospace-related tenants, including Aerospace Corp., Mitre and Lockheed Martin. Michael Ross, Fred Cordova and Douglas Brawn of Colliers International’s Torrance, Calif., office represented both parties in the transaction.