PHOENIX — Phoenix-based ViaWest Properties has completed the sale of an 18,000-square-foot office/industrial building in Phoenix. CAS Real Estate Inc. purchased the property for $2.1 million. Located at 3725 E. Atlanta Ave., the property was purchased by ViaWest in 2006. Ken McQueen of Lee & Associates brokered the transaction.
BRAINTREE, MASS. — New Boston Fund has acquired Granite Woods Corporate Center, a two-building, 168,218-square-foot office property located in Braintree. Situated on 7.5 acres, the property includes the 83,578-square-foot Building 1 and the 84,639-square-foot Building 2, which is built on top of two levels of decked parking. The two buildings are connected by a skyway. The property is 100 percent occupied by a tenant roster that includes Verizon Communications, Travelers Insurance, VNA of Boston and the Telephone Worker’s Credit Union. New Boston Fund provided in-house representation. The seller, Campanelli Cos., was represented by Peter Joseph, James McCaffrey and Chris Phaneuf of Eastdil Secured. The acquisition price was not disclosed.
TEXARKANA, TEXAS — The Cirrus Group has acquired a 31,600-square-foot medical office building located at 1902 Moores Lane in Texarkana. The facility is situated adjacent to the Christus St. Michaels Health System Campus. Collom and Carney Clinic Association will continue to lease space on the first floor of the building. The Northeast Texas Surgery Center will relocate to the second floor of the building from its previous location at 1801 Galleria Oaks Dr. The acquisition price and the seller were undisclosed.
SAN DIEGO — The Corky McMillin Companies recently broke ground for the development of a 104,397-square-foot Class A office building, which is located within the 360-acre Liberty Station mixed-use project in San Diego. Located on Decatur Road in the Lincoln Station Office District, the three-story Building 902 will feature open floor plates, a two-story lobby and two third-floor balconies with panoramic bay and downtown views. Designed by KMA Architecture & Engineering, the property is expected to achieve LEED certification. Green elements utilized in the project include water efficient fixtures to reduce water usage by 30 percent, fossil filter inserts for storm water quality control, roof slope and finishes to reduce heat island effect, and locally sourced materials to reduce environmental effects of processing and transportation, Additionally, 10 percent of all construction materials will be from recycled sources. Completion is slated for summer 2009. BYCOR General Contractors is overseeing the construction of Building 902. Don Mitchell, Scott Kincaid and Jill Morton of CB Richard Ellis are the exclusive leasing agents for the building.
WILDOMAR, CALIF. — San Clemente, Calif.-based Consolidated Contracting Services Inc. is constructing a 95,000-square-foot facility for Southern California Edison. Located on a 17-acre site in Wildomar, the project will feature a 64,000-square-foot administration building and a 13,000-square-foot garage building with a designated truck repair and wash rack area. Additionally, the project will offer six overhead steel canopies totaling 60,000 square feet of parking and storage space. Other site improvements include a parking lot, site walls, hardscape and artistic landscaping. Designed by Richard Yen & Associates, the project is seeking LEED Gold certification. Green elements include photovoltaic panels on the rooftop of the truck-parking canopy to lower electricity costs. Green Building Services is serving as a green consultant for the project; Hope Engineering is providing structural engineering services; C&C Engineering Inc. is serving as civic engineer; Walsh Engineers is providing electrical and mechanical engineering services; and Sweeny and Associates is serving as landscape architect. Completion is slated for February 2009.
LAS VEGAS — Capovilla Management has developed MacFarlane Medical Office Building in Las Vegas. Located at 8352 W. Warm Springs Rd., the three-story, 42,000-square-foot facility features covered parking and lush landscaping. Construction costs for the project were approximately $6.3 million. SR Construction provided design/build services for the project, and Moser Architecture Studio provided architectural services.
TINLEY PARK, ILL. — Len Caldeira and Conor Mullady of The Staubach Company’s Chicago Land Services Team have represented private landowners in the sale of 52 acres located in the southeastern sector of Interstate 80 and 80th Avenue in Tinley Park. The buyer, global wiring and communications applications manufacturer Panduit Corp., was represented by Longwood Real Estate Co. Panduit plans to build an office headquarters on the land, which is currently the site of the Windy City Campground. The acquisition price was undisclosed.
HIGHLAND PARK, ILL. — Chicago-based Reed Illinois Corp., as general contractor, has completed the 15,000-square-foot addition of medical office suites at the Highland Park Ambulatory Care Center located at 757 Park Ave. West. The addition features three medical office suites, multiple physician offices and examination rooms. Tom Schlueter of Reed Illinois oversaw the project, and Eckenhoff Saunders Architects provided the architectural services. The 67,000-square-foot Ambulatory Care Center is positioned on Highland Park Hospital’s main campus.
CORTLANDT MANOR, N.Y. — St. James, N.Y.-based Gyrodyne Company of America has acquired Cortlandt Manor Medical Center, a 29,811-square-foot medical office building located in Cortlandt Manor, for $7 million. The building is situated on 5 acres at 1985 Crompond Rd., adjacent to Hudson Valley Hospital Center. The property is currently 97 percent leased to 13 tenants. Gyrodyne acquired the property from Cortlandt Building Associates at a cap rate of 9.8 percent. M&T Bank provided $5.25 million in financing to assist in the purchase.
ROUND ROCK, TEXAS — Chicago-based Lillibridge has completed Seton Williamson Medical Plaza I, a 120,000-square-foot medical office building located at 301 Seton Pkwy. in Round Rock. Situated adjacent to a hospital owned by Seton Family of Hospitals, the four-story structure is connected to the hospital by a sky bridge located on the second floor. The office building features an integrative health center, a women’s imaging center, outpatient rehab facilities and childcare facilities. A surgery center is also being planned.