DENVER — Denver-based The Etkin Johnson Group has partnered with Forest City Development to construct Enterprise Park at Stapleton, a 441,000-square-foot office/industrial campus at the Stapleton redevelopment site in Denver. The three-building project will consist of a 153,000-square-foot building offering 30-foot clear height ceilings, and a 139,695-square-foot facility and a 148,902-square-foot facility offering high parking ratios and 24-foot clear height ceilings. Additionally, the buildings will feature 10-foot glass windows and a front park-rear load configuration. Jim Bolt of CB Richard Ellis and Tim D’Angelo of TD Industrial Properties are marketing the project.
SAN DIEGO — Vancouver, Canada-based Emri Group and Baltimore-based Alex. Brown Realty Inc. (ABR) have formed a joint venture to acquire a 57,200-square-foot research and development (R&D)/office building, which is located in San Diego’s Sorrento Mesa market, for $11.4 million. Built in 1985, the single-story, Class B property was 78 percent occupied at the time of acquisition. Major tenants of the property include OnmiCare and Tensys. ABR Chesapeake Fund III, a value-added real estate investment fund sponsored by ABR, provided an equity commitment of $2.9 million for the acquisition. Mickey Morera and Tim Hoag of Cushman Wakefield’s San Diego office represented the undisclosed seller in the transaction; Don Brenneman served as the West Coast acquisitions officer for ABR.
POINCIANA, FLA. — Kissimmee, Fla.-based Chalifoux Management Group has acquired 37 acres from Avatar Properties for Poinciana Parke, a $100 million, 450,000-square-foot development in Poinciana Office & Industrial Park. The project will feature 150,000 square feet of space for corporate and research offices and an urgent care center and additional medical facilities. The project will also include 300,000 square feet of retail and restaurant space. Construction is slated to begin late this year. The property is located at the corner of Highway 17-92 and Poinciana Boulevard. Chalifoux is also negotiating the purchase of 36 additional acres from Avatar for the development of a $60 million mixed-use project featuring 500,000 square feet of retail office and office warehouse space. The property is comprised of adjacent 23- and 13-acre sites, located north of Highway 17-92 on Poinciana Boulevard.
EASTPOINTE, MICH. — L. Mason Capitani/TCN Worldwide (LMC) has brokered the sale of a 16,600-square-foot office building located at 20811 Kelly Rd. in Eastpointe. The property is currently 100 percent occupied. Al Iafrate of LMC represented the undisclosed seller, and Jason Capitani and Chris Steel, also of LMC, represented the buyer, Eastwood LLC. The acquisition price was not disclosed, but the asking price was $1.2 million, which represents a 13.6 percent capitalization rate.
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SAN DIEGO — Poway, Calif.-based Breshears & Ghianni Builders Corp. has developed Ruffin Road Business Plaza, a Class A two-story office building located at 5055 Ruffin Rd. in San Diego. Designed by Ware Malcomb’s San Diego office, the 48,000-square-foot property features an interior elevator, lobby and central staircase, and an exterior courtyard/plaza area with landscaping. Poway-based K.D. Stahl Construction Group served as general contractor for the project.
WASHINGTON, D.C. — The U.S. General Services Administration (GSA) has signed a 521,000-square-foot, 15-year lease for the U.S. Department of Justice (DoJ) at Two Constitution Square in Washington, D.C.’s NoMa district, located at 145 N. St. N.E. The DoJ is expected to commence occupancy in second quarter 2010. The move will consolidate its offices, which currently inhabit several buildings. The GSA was represented by Julie Rayfield, Neil Levy, Mett Miller, Rick Barnett and Todd Valentine of Studley’s Washington, D.C. office. The landlord was represented by Darian LeBlanc, Zeke Dodson and Mark Sullivan of Washington, D.C.-based Cassidy & Colliers Pinkard. Constitution Plaza is a 7-acre mixed-use development scheduled to break ground in April. Its first phase will deliver 1.6 million square feet of office, residential and retail space.
BONITA SPRINGS, FLA. — Fort Myers, Fla.-based Waldrop Group has broken ground on Waldrop Center, a 38,500-square-foot, Class A office building in Bonita Springs. The three-story building will contain professional office/medical spaces, ranging from 900 to 5,900 square feet. The property is located at 28100 Bonita Grande Dr., east of Interstate 75.
AVON, OHIO — Cleveland-based NAI Daus has arranged the sale of the Kaiser Permanente Condo, located at 36711 American Way in Avon, for approximately $3 million at a 7.44 percent capitalization rate. The property consists of a 15,381-square-foot medical office condo, and is occupied by Kaiser Permanente through 2014. Mark Luttner of NAI Daus’ Luttner Retail Group marketed the property on behalf of the private seller, and represented the undisclosed buyer in the transaction.
BLUE ASH, OHIO — Cincinnati-based Grubb & Ellis|West Shell Commercial has brokered the purchase of a 26,515-square-foot office building, located at 11262 Cornell Park Dr. in Blue Ash, for $2.3 million. Doug Altemuehle and Darin Armbruster of the firm represented the buyer, ST Media Group, which plans to occupy the entire building. ST Media will relocate from its former facility located at the corner of 8th and Broadway in Cincinnati. Altemuehle and Armbruster have also been retained to sell this property. The seller in the office acquisition was undisclosed.