HACKENSACK, N.J. — Normandy Real Estate Partners has completed the multi-million renovation of Continental Plaza, a Class A office complex in Hackensack. The three-building complex sits on 11.9 acres and features 650,000 square feet of space. The renovations included improvement to pedestrian bridges between the parking deck and buildings, renovations of ground-floor lobbies in all three buildings, refurbished elevators and an upgraded landscaping program. Amenities include an upgraded full-service cafeteria, a conference center, a tenant-only gym, a dry cleaning service and a newsstand. Newmark Knight Frank is the exclusive leasing agent for Continental Plaza.
Office
FAIRFIELD, CONN. — The Febbraio Group, a Coldwell Banker Commercial affiliate, has completed the $3.24 million sale of an office facility in Fairfield. The 13,000-square-foot building is located at 363 Reef Rd. Thomas Febbraio of the Febbraio Group represented the buyer, Pagent, LLC, and the seller, ACA Distributors.
FAIRFIELD, CONN. — The Febbraio Group, a Coldwell Banker Commercial affiliate, has completed the $3.24 million sale of an office facility in Fairfield. The 13,000-square-foot building is located at 363 Reef Rd. Thomas Febbraio of the Febbraio Group represented the buyer, Pagent, LLC, and the seller, ACA Distributors.
HOUSTON — Colliers International has brokered the lease of 144,000 square feet at an office building located at 2707 N. Loop West in Houston. CHRISTUS Health leased the office space from the landlord, Hines Interests, for an undisclosed amount. The location will serve as a corporate office for the company, which is a Catholic faith-based health system. Robert Parsley and Bill Byrd of Colliers International represented the tenant in the transaction, and Hines Interests represented itself.
JOHNS CREEK, GA. — Trammell Crow Atlanta Development has broken ground on two 100,000-square-foot medical office buildings in Johns Creek, along West Johns Crossing. The four-story buildings will be situated on an 18-acre site, adjacent to the Emory Johns Creek Hospital. The project broke ground in April and is projected for completion in March 2009. Trammell Crow purchased the site from JC Office, for $8.7 million. Pierce and Bobby Mayson of Atlanta-based Lavista Associates were the sole brokers in the land acquisition.
JOHNS CREEK, GA. — Trammell Crow Atlanta Development has broken ground on two 100,000-square-foot medical office buildings in Johns Creek, along West Johns Crossing. The four-story buildings will be situated on an 18-acre site, adjacent to the Emory Johns Creek Hospital. The project broke ground in April and is projected for completion in March 2009. Trammell Crow purchased the site from JC Office, for $8.7 million. Pierce and Bobby Mayson of Atlanta-based Lavista Associates were the sole brokers in the land acquisition.
PORTLAND, ORE. — Jennifer Medak, John Medak and Tom Dechenne of NAI Norris, Beggs & Simpson represented the undisclosed seller in the disposition of the 501 Hood Building in Portland. A private local investor acquired the property for $3.4 million. At the time of acquisition, the three-story, 22,926-square-foot office was 98 percent leased by medical and legal professionals.
TAMPA, ORLANDO, AND BRANDON, FLA. — Cushman & Wakefield has negotiated two office building sales and a land acquisition in Florida, totaling $43 million. Flagler Development purchased Bridgeport Center, a 170,924-square-foot, nine-story office building in Tampa, from AEW Capital Management, for $29.5 million. The property was 95 percent occupied at the time of sale. The seller was represented by Mike Davis and Rick Brugge of Cushman & Wakefield. Rudnick Development purchased Reflections at Hidden Lake, a 96,322-square-foot office investment property in Orlando’s Lake Mary submarket, from an undisclosed seller, for $9 million. Mike Davis, Rick Brugge and Matthew McKeever of Cushman & Wakefield represented the seller. Life Link Foundation acquired 10 acres at Crosstown Center in Brandon, for $4.7 million. The nonprofit organization will develop offices in the 1.1 million-square-foot mixed-use project, bordered by Lee Roy Selmon Expressway and Highway 301. The buyer was represented by Andy May and Bruce Erhardt of Cushman & Wakefield.
CHATTANOOGA, TENN. — Chattanooga, Tenn.-based CBL & Associates has opened a four-story, 76,000-square-foot office building, located at 2034 Hamilton Place Rd. in Chattanooga. The property is adjacent to its headquarters building, CBL Center, and will serve as the headquarters for EMJ Corporation and Vision Hospitality, as well as offer space for additional businesses
SAN DIEGO — Falcon Real Estate Investment Co. has acquired University Pacific Centre, a four-story, 96,581-square-foot office building located at 8899 University Center Ln. in San Diego’s University Towne Center. The company purchased the property for $42 million, on behalf of GEM University Pacific LLC, an overseas private investor in a 1031 exchange. At the time of acquisition, the property was 87 percent leased to tenants, including Pharmaceutical Research Associates, EpiCept Corp. and the Merrill Corp. Adam Edwards, Daniel Broderick and Rick Stumm of Eastdil Secured represented the seller, San Francisco-based Alecta Real Estate USA LLC, in the transaction; Falcon represented the buyer.