HAYWARD, CALIF. — Ultra Clean Holdings will relocate their corporate headquarters in Menlo Park to a 103,711-square-foot facility in Hayward in February 2008. Corporate Research Center, located at 26462 Corporate Center Ave., will house the company. Jay Phillips and Jay Belquist of Cornish & Carey Commercial/ONCOR International’s client solutions group, Bill Banker of the Emeryville office and Randy Scott of the Palo Alto office represented the owner, LBA Realty, in the transaction. Marshall Hydorn, Craig Hagglund and Michael Spiro of NAI BT Commercial represented the tenant. Ultra Clean Holdings is a developer and supplier of critical subsystems for the semiconductor capital equipment industry.
Office
GLEN CARBON, ILL. — Swansea, Ill.-based Holland Construction Services has completed Meridian Centre Two, a three-story, $2.1 million office building located in Meridian Commercial Park in Glen Carbon. The 25,000-square-foot building is located adjacent to Meridian Centre One, an identical building also constructed by Holland. Meridian Centre Two is developed and owned by Meridian Partners, a group of business partners that are all located in Meridian Centre One. Hurford Architects provided design services for the building.
LOWER SALFORD TOWNSHIP, PA. — The Philadelphia office of Skanska USA Building has been appointed construction manager for Almac’s new U.S. headquarters in Lower Salford Township. The $100 million facility will feature 240,000 square feet situated on a 40-acre site. New roadways, a storm/water retention and management system, on-grade parking, site utility infrastructures and landscaping will be included in the site development. Construction is expected to begin third quarter 2008, with completion slated for 2010.
PITTSBURGH — The Soffer Organization is currently planning Quantum V, its newest office building, in Pittsburgh. Located in the SouthSide Works complex, the proposed 160,000-square-foot building is part of the riverfront block’s redesign. Jack O’Donoghue of Grant Street Associates will be leading efforts to market the building and secure an anchor tenant before construction begins. Soffer is now in the process of selecting an architectural firm to complete Quantum V’s building design.
HOUSTON — Marcus & Millichap has handled the sale of Richmond Office Building, a 53,140-square-foot office building in Houston. The property, which was built in 1982, is situated on 2.34 acres of land at 11222 Richmond. Brent Smith and Lucas Daniels of Marcus & Millichap’s Houston office represented the seller, a Houston-based private investor. Smith and Daniels also secured and represented the buyer, a Houston-based LLC.
BRISBANE, CALIF. — Boston-based TA Associates Realty has purchased a 99,150-square-foot office building, which is located at 1000 Marina Blvd. in Brisbane, from 1000 Marina LLC for an undisclosed price. Built in 1983, the six-story building was 50 percent occupied at the time of acquisition. Edward Suharski, Simon Clarke and David Kuchinsky of Grubb & Ellis’ San Francisco office negotiated the transaction.
CLAYTON, MO. — Triple Net Properties, on behalf of NNN 2003 Value Fund, has acquired The Sevens Building, a 24-story, Class A office building located in Clayton. The 197,000-square-foot office building also contains a 10-level, 875-space parking garage, and is 79 percent leased to 56 tenants, including Smith Moore & Co., Grubb & Ellis|Gundaker Commercial Group and Clockwork Home Service. Triple Net acquired the property from Delaware-based Sevens St. Louis LLC, which was represented by Mike Hanrahan and Paul Hilton of Colliers International. Financing was arranged by Eric Tupler of CBRE|Melody and provided by GE Capital Corp. The acquisition price was not disclosed.
EDEN PRAIRIE, MINN. — Malvern, Pa.-based Liberty Property Trust has broken ground for the construction of Liberty Plaza, a 120,000-square-foot, Class A office building located off of Flying Cloud Drive in Eden Prairie. The four-story structure will feature a two-story lobby with a fireplace, locker rooms, showers, walking trails and a patio overlooking a wetland. Liberty will also be seeking LEED certification for the building, and will include a high-tech HVAC system, CO2 monitors, motion-light sensors, water efficient fixtures and a building design incorporating locally available Kasota stone. The building is expected to open fourth-quarter 2008.
WESTWOOD, N.J. — Charles Street Realty & Management has relocated to an office building at 25 Charles St. in Westwood. The property management company purchased the 4,700-square-foot building from 25 Charles Street, LLC, for an undisclosed amount. The two-story property housed a daycare center for 20 years. Darren Lizzack of NAI James E. Hanson represented the seller in the transaction.
HOUSTON — Marcus & Millichap has handled the sale of Jones Road Professional Building, a 12,175-square-foot office building in Houston. The property, which was built in 1992, is situated on 1.09 acres at 12850 Jones Rd. Brent Smith and Tanner McGraw of Marcus & Millichap’s Houston office represented the seller, a Texas-based limited partnership. An Oregon-based private investor acquired the asset.