TOLEDO, OHIO — Toledo-based companies Dana Holding Corp. and Health Care REIT have reached a contingent agreement for Dana Holding to sell its corporate headquarters property in Toledo to Health Care REIT for an undisclosed amount. The sale agreement, which is contingent on state and local authorities’ support, is expected to close by October. The 200,000-square-foot facility is located at 2500 Dorr St. Dana Holding will move its headquarters to an existing 200,000-square-foot building, which is located on a 30-acre site in the Toledo suburb of Maumee, Ohio. Under terms of the sale agreement, Dana Holding would vacate its Dorr Street facility by September 2009.
CHICAGO — Jones Lang LaSalle has represented BP in leasing 225,000 square feet of office space within the Chicago Mercantile Exchange, which is located at 10 & 30 South Wacker Drive in Chicago. BP’s United States supply, trading and fuels marketing team will relocated to the new facility, which is owned by Tishman Speyer. The new space will house approximately 1,000 employees on floors seven through nine and part of floor 10. BP will move into the building in the latter half of 2010. Elaine Melonides and Matt Carolan of Jones Lang LaSalle represented BP; Vicki Noonan and Eric Myers represented Tishman Speyer in-house. Terms of the long-term lease were not disclosed.
OTTAWA, KAN. — Marcus & Millichap has arranged the sale of a 13,006-square-foot Peoples Bank located in Ottawa. The net-leased bank had a sales price of $1.79 million. Tiger Real Estate Investments has acquired the facility from Sovereign Investment Co. Steve Strick in the St. Louis office of Marcus & Millichap represented the buyer; Glen Kunofsky in the New York City office of Marcus & Millichap represented the seller in the transaction.
AMHERST AND POTSDAM, N.Y. — Buffalo, N.Y.-based The Rose Hill Group of Western New York (RHG) has arranged two loans totaling $10.95 million. The first loan totals $7.75 million and was secured by a three-story, 150,000-square-foot office building located on Main Street in Amherst. KeyBank is the primary tenant, and has recently signed a new 10-year lease. Daniel Monte of RHG arranged the financing through a correspondent life insurance company. A.C.G. Main-Eggert Associates owns the property. The second loan totals $3.2 million and is secured by a new 16,352-square-foot Honda auto dealership located in Potsdam. The lender was also a correspondent life insurance company.
DALLAS — AT&T has disposed of One AT&T Plaza, a 37-story office tower located at 208 W. Akard St. in Dallas, in a sale-leaseback transaction. The property was acquired by Icahn Enterprises. AT&T will remain in the building, and is in the process of relocating its corporate headquarters from San Antonio to One AT&T Plaza. The sale price was not disclosed.
POINT LOMA, CALIF. — BAE Systems Inc. has pre-leased 80,000 square feet of space at Liberty Station Office District in Point Loma for $31 million. The 10-year lease involves McMillin Commercial’s Building 902, a 105,000-square-foot industrial facility that is currently under construction. Located at 2305 Historic Decatur Rd., the facility is slated for completion in August 2009. The building will be the complex’s first LEED certified property. Gene Sachs, Glenn Friedrich and Russ Sande of CRESA Partners represented the lessee; Don Mitchell, Scott Kincaid and Jill Morton of CB Richard Ellis represented the lessor, McMillin Commercial, in the transaction.
VISTA, CALIF. — Smith Consulting Architects is designing Melrose Medical Plaza, a planned medical office in Vista. Located at 2665 S. Melrose Dr., the two-story property will offer 40,250 square feet of space. Construction is slated to begin in first quarter 2009. Lusardi Construction Co. is serving as general contractor. Paul Braun and Chris Ross of Colliers International’s healthcare real estate team have been retained to market the property.
RALEIGH, N.C. — GE Real Estate has provided a $21 million fixed-rate loan for the seven-story, 156,000-square-foot Capital Center office building in Raleigh to the Durham, N.C.-based Dilweg Companies. Dilweg has owned the property, located in the Central Wake County submarket, for 5 years. Charlotte, N.C.-based Medalist Capital served as mortgage banker.
NORTH LAUDERDALE, FLA. — Atac Estates recently sold the 51,500-square-foot office building Jefferson Square to Square One Industrial for $3.92 million. The property, which is located at 6041–6047 Kimberly Blvd. in North Lauderdale, houses Contour Dental Lab, Palm Lakes Printing and United Chemicals. Richard Matricaria and Ryan Nee of Marcus & Millichap Real Estate Investment Services’ Fort Lauderdale, Fla., office represented the seller and buyer, respectively.
DALLAS — Gensler has been selected to provide interior design services for the new administrative offices of the Dallas Opera. The offices will be located within the Margot & Bill Winspear Opera House at the Dallas Center for the Performing Arts in Dallas. The opera house is currently under construction. The space will consist of 13,000 square feet overlooking the 10-acre Performance Park. The opera house is scheduled to open in October. Foster + Partners is serving as project architect for the new opera house.