Office

Trammell Crow Signs Federal Election Commission to 100,000 SF Lease in D.C.

by John Nelson October 24, 2016

WASHINGTON, D.C. — Trammell Crow Co. (TCC) has signed a long-term lease deal with the Federal Election Commission for nearly 100,000 square feet of office space at Sentinel Square II, a 280,000-square-foot office building located at 1050 First St. N.E. in Washington, D.C. The Federal Election Commission will occupy the top four floors of the building in November 2017. TCC owns Sentinel Square II with joint venture partners Cottonwood Partners and a subsidiary of a private real estate fund advised by Crow Holdings Capital-Real Estate. The LEED Silver-certified building is part of a 1.3 million-square-foot office development in Washington’s NoMa district. John Mowery and Eric Roberts of GSA and Jae Lee and Will Ruppe of JLL represented the Federal Election Commission in the lease deal.

October 24, 2016

Office Texas

Trusource Labs Signs 32,500 SF Office Lease at Parmer 3.2 in Austin

by Haisten Willis October 21, 2016

AUSTIN, TEXAS — Karlin Real Estate has signed Trusource Labs, a technical support services company, to a long-term lease for 32,500 square feet at Parmer 3.2. The 192,500-square-foot, Class A office building is located within Parmer, a 300-acre technology and life science park in north-central Austin. The lease at Parmer 3.2 allows Trusource Labs to consolidate 250 employees working from the offices of two of its local clients. The company will continue to maintain its south Austin corporate headquarters. Trusource will occupy the property next February. Mark Emerick and John Barksdale of CBRE’s Austin office represented Karlin in the lease transaction. Jesse Weber of Newmark Grubb Knight Frank’s Austin office represented Trusource.

October 21, 2016

Office Texas

Service First Mortgage to Relocate Headquarters to McKinney Corporate Center I

by Haisten Willis October 21, 2016

McKINNEY, TEXAS —Service First Mortgage, a full-service mortgage lending company, has leased 25,000 square feet of office space in McKinney Corporate Center I, a Class A office building located at 6800 Weiskopf Ave. in McKinney. The deal will relocate the company’s corporate headquarters from Richardson. Cushman & Wakefield’s Craig Wilson, Dan Harris and Randy Cooper arranged the lease. Located within the 2,200-acre Craig Ranch community between the Dallas North Tollway and U.S. Highway 75, the office complex provides access to the cities of Plano, Allen and Frisco. Craig Ranch is also within a 30-minute drive of DFW International Airport and Dallas Love Field.

October 21, 2016

Healthcare Office Texas

Byrne Investment Brokers Sale of Medical Office Building in Dallas

by Haisten Willis October 21, 2016

DALLAS — Byrne Investment Co. brokered the sale of a medical office building to a partnership controlled by Roger Gault of Gault Co. and Robert Gunby of RTG Capital LLC. The property is located at 4844 Greenville Ave. in Dallas. The 4,000-square-foot building is under a long-term lease by urgent care clinic MedSpring. The building sits on a 9,500-square-foot site located between Lovers Lane and University Avenue.

October 21, 2016

Office Southeast Virginia

Carr Properties Breaks Ground on Trophy Office Building in Metro D.C.

by John Nelson October 21, 2016

ARLINGTON, VA. — Carr Properties has begun construction on a 175,000-square-foot, eight-story trophy office building located at 2311 Wilson Blvd. in Arlington’s Clarendon-Court House neighborhood. The LEED Gold-certified building will be anchored by OPower’s corporate headquarters. The project will feature a two-story glass lobby, conference facility, childcare center with an outdoor play area, health club, 5,900-square-foot rooftop terrace with a bocce court, urban park, bicycle center and on-site retail space. The office building will also be situated one block from the Metro’s Orange and Silver transit lines. The design team includes architect MTFA Architecture and general contractor Clark Construction. Carr Properties plans to deliver the asset by the end of 2017.

October 21, 2016

New York Northeast Office

Cushman & Wakefield Negotiates Sale of 164,070 SF Office Building in Middletown, New York

by Amy Works October 20, 2016

MIDDLETOWN, N.Y. — Cushman & Wakefield has arranged the sale of an office building located at 85 Crystal Run Road in Middletown. A private equity group acquired the 164,070-square-foot Class A property from an affiliate of Madison International Realty and its operating partner for an undisclosed price. Situated on 21 acres, the four-story property serves as the corporate accounts services location for Empire Blue Cross Blue Shield. The building features ample parking, multiple on-grade entryways, a naturally-lit atrium lobby, cafeteria and fitness center infrastructure. Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, Frank DiTommaso and Andrew Schwartz of Cushman & Wakefield represented the seller and procured the buyer.

October 20, 2016

California Office Western

Inland Empire Health Plan Buys Empire Lakes Corporate Center in Rancho Cucamonga for $44.3M

by Nellie Day October 20, 2016

RANCHO CUCAMONGA, CALIF. — Inland Empire Health Plan (IEHP) has purchased Empire Lakes Corporate Center, a 241,292-square-foot office building in Rancho Cucamonga, for $44.3 million. The Class A building is located at 9500 Cleveland Ave. IEHP also owns the neighboring property, a 400,000-square-foot building at 10801 Sixth St. The new building will allow the nonprofit public health organization to expand. Southern California Edison and State Farm Insurance also occupy the space. Andrew Peake and Tom Pierik of Lee & Associates represented the seller, Utah State Retirement Fund, in this transaction.

October 20, 2016

New Jersey Northeast Office

Colliers Brokers Sales of Two Former Headquarters Assets in Morris County, New Jersey

by Amy Works October 20, 2016

MORRIS TOWNSHIP AND PINE BROOK, N.J. — Colliers International has arranged the sales of two former headquarters assets in Morris County. In the first transaction, Onyx Equities acquired Kemble Plaza I, located at 340 Mount Kemble Ave. in Morris Township, for $7.6 million. Situated on 40 acres, the 370,000-square-foot property is the former headquarters of AT&T. Jackie Chesler, Richard Madison and Jonathan Schlussel of Colliers represented the undisclosed seller in the deal. In the second deal, a New Jersey-based private buyer acquired 34 Corporate Plaza, an office building located at 34 Maple Ave. in Pine Brook, for $2.5 million. At the time of sale, the 130,000-square-foot building was 14 percent occupied. Chesler, Madison and Schlussel negotiated the transaction. The name of the seller was not released.

October 20, 2016

California Office Western

Diablo Technology Center in Pleasanton Changes Hands

by Nellie Day October 20, 2016

PLEASANTON, CALIF. — An unnamed buyer has acquired Diablo Technology Center, a 191,009-square-foot office and R&D property in the Silicon Valley submarket of Pleasanton, for an undisclosed sum. The Class A facility is situated within the Hacienda Business Park. The three-building center is occupied by tenants like PulteGroup, Sunbelt Controls and CooperVision. NGKF Capital Markets’ Steve Golubchik, Mike Zylstra, Grant Lammersen, Forrest Gherlone, and Tim Walling executed the transaction.

October 20, 2016

Office Texas

AmerisourceBergen Leases 300,000 SF Corporate Campus in Carrollton

by Haisten Willis October 20, 2016

CARROLLTON, TEXAS — AmerisourceBergen Specialty Group has completed negotiations for a 300,000-square-foot office lease in Carrollton. The corporate campus will be the largest build-to-suit office campus at the Offices of Austin Ranch and will serve as AmerisourceBergen’s regional headquarters. JLL’s Jeff Staubach, Greg Biggs, Torrey Littlejohn and Chase Monroe negotiated the lease on behalf of AmerisourceBergen, an American drug wholesale company. Billingsley’s Marijke Lantz represented the landlord. AmerisourceBergen joins Freddie Mac, Quest, Sanyo, Orthofix and Edward Don at the 1,700-acre master-planned development.

October 20, 2016

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