Office

HFF Arranges $59.5M in Financing for Two Properties in Manhattan

by Amy Works November 16, 2016

NEW YORK CITY — HFF has arranged two loans on behalf of Short Hills, N.J.-based Garden Homes Development for an office property and a residential property in Manhattan. The firm secured $38 million in financing for the office property totaling 103,389 rentable square feet at 13-15 W. 54th St. and 20 W. 55th St. in Midtown Manhattan and $21.5 million in financing for the six-story residential building with ground-floor retail at 194 E. Second St. in the East Village. Built in 1897, the office properties are two adjacent five-story mansions that were home to John D. Rockefeller and known as the Rockefeller Townhouses. Completed in 1997, the residential building features 8,465 square feet of ground-floor retail space and 61 luxury residential units. Andrew Scandalios and Geoff Goldstein of HFF arranged the financing for the borrower.

November 16, 2016

California Loans Office Western

Mesa West Provides $283.3M Loan to Acquire, Renovate Lantana Media Campus in Santa Monica

by Nellie Day November 15, 2016

SANTA MONICA. CALIF. — Mesa West Capital has provided a $283.3 million loan for the acquisition and renovation of the Lantana Media Campus, a 478,713-square-foot office complex in Santa Monica. The campus contains four Class A office buildings on a 12-acre site on Olympic and Exposition boulevards in Santa Monica’s Media District. It is leased to a variety of entertainment and media companies. A joint venture between Brightstone Capital Partners and Artisan Realty Advisors owns the campus. The seven-year, floating rate, non-recourse financing was originated out of the private lender’s open-ended Mesa West Core Lending Fund. Steve Fried and Jason Bressler led the origination for Mesa West.

November 15, 2016

Mixed-Use Office Retail Texas

Marcus & Millichap Facilitates Sale of 52,305 SF Land Parcel in Houston

by Amy Works November 15, 2016

HOUSTON — Marcus & Millichap has arranged the sale of a land parcel located at 2401 N. Shepherd Drive in Houston. Braun Enterprises acquired the 52,305-square-foot site for an undisclosed price. The property is located across from HEB’s potential new location in the Houston Heights area. Justin Miller and Derek Hargrove of Marcus & Millichap represented the seller, a local family partnership, while Miller, Hargrove and David Hansen, also of Marcus & Millichap, represented the buyer in the transaction.

November 15, 2016

Office Texas

WeWork Leases 84,000 SF of Office Space at Thanksgiving Tower in Dallas

by Amy Works November 15, 2016

DALLAS — WeWork has leased 84,000 square feet of office space at Thanksgiving Tower in Dallas from Woods Capital. WeWork, which offers collaborative work spaces for teams of any size, plans to occupy three floors of the newly renovated office tower in spring 2017. Dallas-based Woods Capital acquired Thanksgiving Tower in 2013 and since then has implemented a more than $35 million renovation program at the property.

November 15, 2016

Florida Office Southeast

CBRE Brokers $8.5M Sale of Office Building in East Orlando

by John Nelson November 15, 2016

ORLANDO, FLA. — CBRE has arranged the $8.5 million sale of Baldwin III, a three-story office building located on New Broad Street within Village City Center in east Orlando’s Baldwin Park submarket. Owens Realty Capital purchased the 44,478-square-foot property from Baldwin III LLC. Built in 2008 by Lincoln Property Co., Baldwin III is the newest of four office buildings within Village City Center and has averaged 93 percent occupancy over the last five years. Ron Rogg and Chip Wooten of CBRE represented the seller in the transaction.

November 15, 2016

Massachusetts Northeast Office

Spear Street Capital Sells 153,000 SF Office Building in Andover, Massachusetts, for $37M

by Amy Works November 15, 2016

ANDOVER, MASS. — Spear Street Capital has completed the disposition of an office building located at 400 Minuteman Road in Andover. Carter Validus Mission Critical REIT II acquired the property for $37 million. The 153,000-square-foot building is fully occupied by Time Warner Cable and The Weather Company. The building is part of the seven-building Minuteman Park, a 1 million-square-foot Class A office campus. Campus amenities include two full-service cafeterias, a coffee bar, two fitness centers and a game room/lounge. Robert Griffin, Edward Maher, Matthew Pullen, Samantha Hallowell and Torin Taylor of Newmark Grubb Knight Frank represented the seller in the deal.

November 15, 2016

Connecticut Northeast Office

Henkel Consumer Goods Leases 135,000 SF of Office Space in Stamford, Connecticut

by Amy Works November 15, 2016

STAMFORD, CONN. — Henkel Consumer Goods Inc. has leased 135,000 square feet of office space at 200 Elm St. in downtown Stamford. The tenant will use the newly renovated space as headquarters for Henkel in North America. The building is part of BLT Financial Centre, which also includes 695 E. Main St. in Stamford. Building and Land Technology (BLT) acquired the property in 2012 and recently completed a multi-million-dollar renovation to transform the vacant corporate property into an amenity-rich, fully modernized office asset.

November 15, 2016

New York Northeast Office

Cushman & Wakefield Appoints Bruce Mosler as Chair of its Veterans Initiative

by Amy Works November 15, 2016

NEW YORK CITY — Cushman & Wakefield has appointed Bruce Mosler, chairman of Global Brokerage, as chair of the firm’s Veterans Initiative. In this role, Mosler will oversee a comprehensive program aimed at hiring U.S. veterans into various service lines and geographies at the Cushman & Wakefield. In order to meet its goal of hiring additional veterans to its workforce, the company will leverage existing relationships with partner veteran-focused organizations, like Syracuse University’s Institute for Veterans and Military Families and the Fisher House Foundation. Additionally, the firm will work closely with the Veterans Jobs Mission, a coalition of more than 230 companies that have collectively employed 348,000 veterans.

November 15, 2016

Arizona Office Western

Equus Sells 107,000 SF Scottsdale Financial Center

by Nellie Day November 14, 2016

SCOTTSDALE, ARIZ. — Equus Capital Partners has sold Scottsdale Financial Center, a 107,000-square-foot office building, for an undisclosed sum. The Class A building is located at 4110 N. Scottsdale Road in Scottsdale. It is 93 percent leased. The buyer was Alternative Investments & Manager Selection Real Estate Group, a business unit within Goldman Sachs Asset Management.

November 14, 2016

District of Columbia Loans Office Southeast

New York Life Originates Two Loans Totaling $90M for Office Buildings in D.C.

by John Nelson November 14, 2016

WASHINGTON, D.C. — New York Life Real Estate Investors has originated two 15-year loans totaling $90 million for a pair of office buildings in downtown Washington, D.C.’s central business district. The properties include a recently renovated, 10-story building at 1620 Eye St. N.W. and a 12-story building at 1156 15th St. N.W. New York Life Real Estate Investors originated the loans on behalf of the borrower, TF Cornerstone Inc.

November 14, 2016

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