FORT WORTH, TEXAS — Daimler Financial Services Americas has agreed to lease a 204,000-square-foot office building in Hillwood’s AllianceTexas development in Fort Worth. The three-story, build-to-suit building will house 650 employees and is located 15 miles from Dallas/Fort Worth International Airport. AllianceTexas is a 17,000-acre development home to the Alliance Global Logistics Hub, Circle T Ranch and the mixed-use community of Heritage. UGL Equis represented the tenant and Hillwood, the developer of AllianceTexas, was represented in-house by Steve Aldrich.
Office
HOUSTON — Argus Realty Investors has acquired three office buildings totaling 253,524 square feet from Caldwell Cos. for approximately $20 million. The Class B portfolio is 98 percent leased and includes Park 10 Place, an 83,078-square-foot, five-story office building located at 16420 Park Ten Place; Broadfield, a 102,865-square-foot, six-story office building located at 1400 Broadfield Blvd.; and Willowbrook Office Building, a 67,581-square-foot property located at 7915 FM 1960 Rd. The portfolio has 48 tenants including CITGO Petroleum and Fletcher Yoder. La Salle Bank provided a $21.2 million 10-year loan at a 5-year 6.15 percent fixed rate. Darrell Betts of Grubb & Ellis’ Houston office represented the Houston-based seller.
WESTWORTH, TEXAS — Dallas-based Metropolitan Capital Advisors has arranged $40 million in debt and equity financing for Westworth Shopping Center in Westworth. A 175,000-square-foot SuperTarget will anchor the center, in addition to 200,000 square feet of retail space. Expected tenants include Petco, Staples, Dollar Tree, Famous Footwear and Chase Bank.
FORT MYERS, FLA. — Basik Development has begun Phase II of Central Park in Fort Myers. Phase II of the office park project will include adding three more buildings to the existing seven buildings already completed in Phase I. The three buildings will range in size from 3,075 square feet to 4,205 square feet. The site is zoned for 20 office buildings totaling 34,000 square feet to 76,000 square feet. The project is situated on 9.2 acres near U.S. Highway 41 and Daniels Boulevard.
CRANBURY, N.J. — Matrix Development Group has purchased 2 Centre Drive and 8 Centre Drive, two single-story office buildings in Cranbury that total 32,331 square feet of office space. The buildings are adjacent to Matrix Development Group headquarters and are part of an 11-building campus adjacent to the Forsgate Country Club. Less than 2 miles from the New Jersey Turnpike’s Exit 8A Interchange, the properties also offer immediate access to Route 130. Office space offered in 2 Centre Drive totals 16,132 square feet, while 8 Centre Drive provides 16,199 square feet. The buildings’ suites range in size from 1,700 to 16,000 square feet and are available for lease. Construction is underway to upgrade the buildings’ signage, landscaping and common areas. The seller and sale price were undisclosed.
MILFORD, CONN. — Computil Corp. has purchased 256 Seaside Avenue, a 2,400-square-foot office building in Milford, from Suman Gupta for $475,000. The buyer plans to use the property, situated on 0.42 acres, as its corporate headquarters. Fidelity Real Estate represented the buyer in the transaction, and Michael Richetelli of Colonial Properties represented the seller.
MIDDLETON, WIS. — Siegel-Gallagher ONCOR International has arranged the sale of a 151,000-square-foot office property located at 1800 and 1850 Deming Way in Middleton. The property consists of a four-story, 86,000-square-foot office building, as well as a single-story, 65,000-square-foot flex building. Craig Stanley, Patrick Gallagher and Tim Rikkers of Siegel-Gallagher represented the seller, Santa Barbara, Calif.-based Fidelity National Information Services. The property was acquired by Denver-based Old Vine Acquisition Corp. The acquisition price was not disclosed.
MILWAUKEE — Brewery Project LLC has completed the sale of Building 14 at the former Pabst Brewery located in downtown Milwaukee to Milwaukee-based BC Pabst Holdings. The three-story building, which was formerly the research lab building, contains 28,000 square feet of space, as well as a 1,200-square-foot penthouse with city skyline views. The owner plans to convert the space into an office building, with the penthouse being converted into a conference room. Mike Kleber of Milwaukee-based Towne Investments brokered the transaction. BC Pabst Holdings is a collection of local real estate developers, including Matt Chmura, Mark Chmura and Sonny Bando. Building 14 is the fourth building sold in the Brewery Project, which encompasses the redevelopment of the historic Pabst Brewery. The acquisition price was not disclosed.
WOODBRIDGE, CONN. — The Boston office of CBRE | Capital Markets has arranged on behalf of the borrower, APCA Woodbridge, $4.9 million in acquisition financing for 1764 Litchfield Turnpike in Woodbridge. The 49,790-square-foot Class A office building is known as Woodbridge Corporate Center. Situated on a 7.95-acre lot, the multi-tenant building is 95 percent occupied and provides access to major transportation routes. Michael Prakken and Deborah Dalton of CBRE | Capital Markets secured financing for the borrower, an affiliate of Boston-based Ashforth Paradigm Capital Advisors. Equitrust Life Insurance Co. arranged the 5-year, fixed-rate, non-recourse loan.
AUSTIN, TEXAS — Stream Realty Partners has acquired a 97,594-square-foot office property in Austin. Located at 8100 Cameron Rd., the property features two, two-story buildings. The buyer was represented in-house by Derek Land, and Walter Saad and Cathy Nabours of CBRE private client group represented the undisclosed seller. The buyer plans to renovate the lobby and common areas. The acquisition price was undisclosed.