WESTMINSTER, COLO. — NAI Shames Makovksy has arranged the sale of an office property located at 1400 W. 122nd Ave. in Westminster. Artemis Holdings Limited acquired the property from Pavilion Court for $5.4 million. The buyer plans to utilize the 31,272-square-foot building to relocate Advanced Space from Boulder to Westminster as a ‘tenant in tow’ to fill more than 15,000 square feet of vacancy. Todd Silverman and Paul Cattin of NAI Shames Makovsky represented the buyer in the deal.
MIAMI — Swire Properties has sold Two and Three Brickell City Centre, two office buildings at the $1.05 billion Brickell City Centre mixed-use project in Miami’s Brickell district. The sales price was not disclosed, though The Miami Herald reports the assets traded for $163 million. The South Florida Business Journal reports Denver-based Northwood Investors LLC acquired the two buildings. Two Brickell City Centre, located at 78 SW Seventh St., sold for $80.3 million. Three Brickell City Centre, located at 98 SW Seventh St., sold for $82.7 million. Each building comprises 130,000 square feet and tenants include WeWork, law firm Akerman LLP and consulting firm McKinsey & Co. The buildings were nearly fully leased at the time of sale, according to a Swire spokesperson. Hong Kong-based Swire, which developed Two and Three Brickell City Centre in 2016, will retain ownership of the open-air shopping center at Brickell City Centre. Swire intends to reinvest the capital into future developments, according to the company spokesperson.
NASHVILLE, TENN. — Brasfield & Gorrie has completed the $90 million Peabody Plaza at Rolling Mill Hill, a nine-story, 280,000-square-foot office building in Nashville’s Rolling Mill Hill neighborhood. The Birmingham, Alabama-based general contractor built the project on behalf of the owner, Eakin Partners. The building sits on the site of a former surface parking lot at 10 Lea Ave., one mile south of downtown Nashville. Peabody Plaza features a 6,000-square-foot amenity deck overlooking downtown Nashville and the Cumberland River, as well as a nearly one-acre park between the building and Cumberland River. It was built with a five-story, below-grade parking deck offering 1,000 parking spaces. Tenants at the site include Concord Music, Guaranty Home Mortgage Corp. and Fourth Capital corporate offices as well as a ground-floor bank branch. Peabody Plaza also features space for a coffee shop and a full-service restaurant. There was 156,000 square feet of office space available for lease at the time of the opening. Nashville-based Hastings Architecture designed the building. Hastings also designed the interior space for Guaranty Home Mortgage and Fourth Capital. Lines Inc. was the architect for Concord. Peabody Plaza is the sixth office building that locally based Eakin Partners and Brasfield & Gorrie …
FAIRFAX, VA. — Government contractor KBR Inc. has signed a 10-year, 12,723-square-foot office lease at 2677 Prosperity Ave. in Fairfax. The seven-story, 166,266-square-foot building is situated 15 miles west of downtown Washington, D.C. Andy Klaff and Dominic Orcio of Newmark Knight Frank (NKF) represented the landlord, a joint venture between Office Properties Income Trust and Coakley Prosperity of Virginia LLC, in the transaction. Samuel Heiber and Tom Birnbach of Cresa represented the tenant, which plans to move into the space in October. The RMR Group manages the property. KBR is an engineering firm that was formerly a subsidiary of Halliburton.
RICHARDSON, TEXAS — Texas Excavation Safety System has signed a 29,343-square-foot office lease at 1410 E. Renner Road in the northeastern Dallas suburb of Richardson. Dave Peterson, Mark Robertson and Jimmy Freeman of NAI Robert Lynn represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.
BROOKFIELD, WIS. — Cushman & Wakefield | Boerke has brokered the sale of a 9,777-square-foot office building located at 15420 W. Capitol Drive in Brookfield, a suburb of Milwaukee. The sales price was undisclosed. Andrew Jensen, Katie Brueske and Jim Cavanaugh of Cushman & Wakefield | Boerke represented the seller, 15420 W Capitol LLC. Michael Kleber of Zilber Property Group represented the buyer, Marboo Properties LLC.
PHOENIX — JLL has arranged the acquisition of a flex building located at 3930 E. Watkins St. in Phoenix. A private charitable foundation acquired the property for $10.5 million. The name of the seller was not released. Situated on 7.9 acres within Southbank Business Park, the building features 101,932 square feet of flex space with 24-foot clear heights, wide column spacing, multiple loading positions and ample parking. Brian Ackerman led the JLL Capital Markets team that represented the buyer, while Steve Larsen is leading the JLL Leasing team that is marketing the property’s unoccupied tenant space.
VERNON, CALIF. — NAI Capital has negotiated the sale of an office property located at 3375 E. Slauson Ave. in Vernon. An undisclosed buyer acquired the building for $11.6 million, or $294 per square foot. Built in 2006 on a 77,389-square-foot lot, the two-story building features 39,409 square feet of flex office space. The property features a high-end corporate office build-out, two passenger/freight elevators, a secured parking lot, full kitchen with lunch room and a training room. Philip Attalla, David Moore and Amber Leigh with NAI Capital represented the undisclosed seller in the deal.
DALLAS — A partnership between Texas-based Triten Real Estate Partners and Catlyn Capital will develop Work/Shop, a 216,500-square-foot office and retail project in the Prestonwood neighborhood of Dallas. The project will consist of two office buildings totaling 135,000 square feet and 81,500 square feet of ground-level retail space fronting Belt Line Road. The office and retail components will be connected by an outdoor plaza and green space totaling 30,000 square feet. O’Brien Architects is the project architect, and Venture Commercial Real Estate and Holt Lunsford Commercial will handle leasing for the retail and office portions of the project, respectively. Funding is in place, and the development team is in the process of securing various permits.
HOUSTON — PCS Software Inc., a Houston-based software management firm that serves the transportation and logistics industries, has signed a 25,772-square-foot office lease at the 35-acre CityWest campus in Houston. J.P. Hutcheson represented the landlord, Parkway, in the lease negotiations on an internal basis. Jay Kyle and Bob Parsley of Colliers International represented the tenant.