Office

CBRE Negotiates $5.2M Sale of Office Building in Windsor, Connecticut

by Haisten Willis May 16, 2017

WINDSOR, CONN. — CBRE has negotiated the $5.2 million sale of 100 Corporate Drive, a 100 percent leased, 69,000-square-foot office building in Windsor. An affiliate of Minneapolis-based Ryan Cos. US sold the property to Bradstreet & Chandler, a Boston-based real estate firm. CBRE’s John McCormick and Patrick Mulready represented the seller and procured the buyer in the transaction. CBRE will also handle leasing and property management of the building. 100 Corporate Drive is a two-story property located near I-91 in the Day Hill corporate area of Windsor. Constructed in 1984 and recently renovated, the property’s tenants include ADP, Sedgwick Claims Management, Health Management Services, Oxford Global and LGCY Power.

May 16, 2017

Office Texas

Encore Commercial to Develop 200,000 SF Office Tower at Shops at Willow Bend in Plano

by Taylor Williams May 16, 2017

PLANO, TEXAS — Encore Commercial will develop a seven-story, 200,000-square-foot office tower at the Shops at Willow Bend as part of the shopping mall’s $125 million expansion. The Class A office property will be located adjacent to the food court and integrated into the Dillard’s parking deck. The building will accommodate up to 800 employees who will have access to the mall’s 60,000-square-foot restaurant district and 30,000-square-foot fitness club, which is currently under development.

May 16, 2017

Office Texas

Sirius XM Renews, Expands Office Lease in Irving

by Taylor Williams May 16, 2017

IRVING, TEXAS — Sirius XM Connected Vehicle Services Inc. has signed two office leases, one of which is a renewal, at Freeport Corporate Center in Irving. The company now occupies 43,403 square feet of Class A space within the building, which is located at 8650 Freeport Parkway South near the Dallas-Fort Worth International Airport. Kevin Brookmole of Bradford Commercial represented the landlord, Slate Freeport Holdings LLC, in the lease negotiations. Kelly Winn of Savills Studley represented Sirius.

May 16, 2017

Midwest Missouri Office

IFS Begins Work on $10M HVAC Project at Federal Building in St. Louis

by Jeff Shaw May 15, 2017

ST. LOUIS — Integrated Facility Services (IFS) has begun work on a $10 million HVAC, plumbing and fire protection renovation project at the Robert A. Young Federal Building, a 1 million-square-foot property in downtown St. Louis. The project is part of design-build contractor McCarthy Building Cos.’ $62 million seismic retrofit of the 20-story building’s mechanical systems. The building, which was built in 1933 and is currently owned and managed by the U.S. General Services Administration, houses nearly 3,000 employees across roughly 40 federal agencies.

May 15, 2017

Healthcare Illinois Midwest Office

Missner Group to Renovate, Expand Illinois Bone & Joint Institute in Chicago

by Jeff Shaw May 15, 2017

CHICAGO — The Illinois Bone & Joint Institute (IBJI) has selected The Missner Group to undertake a renovation and expansion project for the company’s North Canal Street offices in Chicago. The 2,900-square-foot expansion will include interior improvements, a new physical therapy gym, reception area, paint and flooring. Heath Yarger is the project manager and Steve Bulger is the project superintendent for The Missner Group. Stephen Rankin Associates is providing the architectural services. The project is scheduled for completion in summer 2017.

May 15, 2017

Loans Office Texas

Joint Venture Lands Construction Loan for 327,000 SF Office Building in Spring

by Taylor Williams May 15, 2017

SPRING, TEXAS — A joint venture between Patrinely Group LLC, USAA Real Estate Co. and CDC Houston has received a construction loan for the development of CityPlace 2, a 327,000-square-foot, Class A office building that will be located in the Houston suburb of Spring. The property, which is slated for completion in 2018, will be part of CityPlace, a 60-acre, mixed-use development located at the intersection of Hardy Toll Road and Interstate 45. Wally Reid, Cortney Cole and Trent Agnew of HFF arranged the loan, the amount of which was not disclosed.

May 15, 2017

Office Texas

JLL Arranges Sale of 45,118 SF Office Property in Fort Worth

by Taylor Williams May 15, 2017

FORT WORTH, TEXAS — JLL has arranged the sale of 3700 Hulen St., a 45,118-square-foot, five-building office property situated on 2.6 acres near the intersection of Interstate 30 and Chisholm Trail Parkway in Fort Worth. Pat McDowell and Matt Montague of JLL represented the seller, Chemical Management Co. Inc. 3700 Hulen LLC purchased the property for an undisclosed price.

May 15, 2017

Healthcare Office Texas

EDGE Brokers Sale of 21,246 SF Medical Office Asset in Plano

by Taylor Williams May 15, 2017

PLANO, TEXAS — EDGE Realty Capital Markets has brokered the sale of Plano Orthopedic, a 21,246-square-foot medical office asset located at 5228 W. Plano Parkway. Wilson Stafford, John Mungioli and Brandon Crow of EDGE represented the seller, Orthopedic Network Ltd., in the transaction. An affiliate of healthcare facilities developer Caddis purchased the property, which currently houses Plano Orthopedic & Sports Medicine Center Inc., for an undisclosed price.

May 15, 2017

Loans Massachusetts Northeast Office

New York Life Originates $207.8M Mortgage Loan Secured by 100 High St. in Boston

by Haisten Willis May 15, 2017

BOSTON — New York Life Real Estate Investors has originated a 10-year, $207.8 million loan for 100 High St., a 546,300-square-foot office property in Boston. The loan was made to an affiliate of the Rockpoint Group LLC. The property is located in Boston’s financial district.

May 15, 2017

Nevada Office Western

World Investment Network Buys Mission Linen Building in Las Vegas

by Nellie Day May 15, 2017

LAS VEGAS — World Investment Network has purchased the Mission Linen building, a 31,000-square-foot facility in Las Vegas, for an undisclosed sum. The facility is situated within the Arts District in Downtown. World Investment Network plans to transform the space into a Class A creative office and entertainment property. It was originally built in 1950. The redevelopment is scheduled for completion in the first quarter of 2018.

May 15, 2017

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