Office

BUENA PARK, CALIF. — M+D Properties will open the 400,000-square-foot retail and entertainment component of The Source, a 600,000-square-foot mixed-use development located in Buena Park, early next year. CGV Cinemas anchors the retail component of the development, which will feature tenants including OOAK Kitchen, Samgeori Butchers Pork Charcuterie, Olympus Screen Golf & Bar, Copley and HoneyMee. Upon completion, the property will also feature a 60,000-square-foot, Class A office building and a four-star Hilton Hotel. JLL’s Jay Nugent and Naomi Rizkowsky have been retained to handle leasing for the office component.

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RICHARDSON, TEXAS — NAI Robert Lynn has arranged two office leases totaling 13,911 square feet in Richardson. In the first deal, Apollo Managing General Agency LLC leased 9,501 square feet of office space at 2425 Central Expressway. Kent Smith of NAI Robert Lynn represented the tenant, while Laura Maczka of Sooner National represented the undisclosed landlord. In the second transaction, Kruvand Associates Inc. leased 4,490 square feet of office space at 1201 Richardson Drive. Smith represented the tenant, while Bill Rudd of Haggard Property Group represented the undisclosed landlord.

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KANSAS CITY, MO. — CBRE has arranged the sale of Two Pershing Square, a 520,431-square-foot office building in Kansas City. The sales price was not disclosed. The Class A office building, located at 2300 Main St., is 11 stories and anchored by GSA’s Heartland Region office. VanTrust Real Estate LLC purchased the asset from TA Associates. Gina Anderson and Gary Carr of CBRE arranged the transaction on behalf of TA Associates.

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WALLED LAKE, MICH. — Gerdom Realty & Investment has arranged the sale of a 19,798-square-foot office building in Walled Lake, a northern suburb of Detroit. The sales price was not disclosed. The office building is situated on 4.1 acres at Ladd Road, just south of Maple Road. A Detroit-based church was the buyer. Michael Murphy and Tjader Gerdom of Gerdom Realty represented the seller in the transaction.

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TUSTIN, CALIF. — Lincoln Property Co. and Alcion Ventures have gained approval from the City of Tustin to move forward on Flight, an 870,000-square-foot creative office campus within the 1,600-acre master-planned community of Tustin Legacy. Flight will contain a mix of four-story buildings with outdoor platform decking and roll-up doors. The Rios Clementi Hale Studios-designed buildings will feature perforated metal building skins that shade the indoor/outdoor office space and large glass curtain walls on the ends to allow light penetration. Flight will be constructed in two phases, with Phase I anticipated to begin in early 2017 and finish within 14 to 18 months. Phase I will include more than 470,000 square feet of office space, a mess hall and conference center.

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250-assay-street-houston-tx

HOUSTON — McCord Development has topped out 250 Assay St. in Houston, the first multi-tenant office building in Generation Park’s lifestyle district, Redemption Square. The five-story building will feature 86,523 square feet of space, including 15,000 square feet of ground-level retail and restaurant space. Announced tenants include Apache Industrial Services and McCord Development, which will both relocate their corporate headquarters to the building. The property, which was designed by Page Southerland Page Architects in partnership with McCord, is slated for delivery in June 2017. E.E. Reed is serving as the general contractor for the building.

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FRISCO, TEXAS — McCathern PLLC has signed a 10-year lease of office space at The Star in Frisco, the new Dallas Cowboys World Headquarters and Training Facility. The law firm will occupy 5,673 square feet at One Cowboys Way. Scott Hobbs and Michelle Donaldson of CBRE represented the tenant, while Jack Young of Lincoln Property Co. represented the landlord, Frisco HQ Operations, in the lease negotiations. McCathern currently has offices in Dallas, Houston and Los Angeles.

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HOUSTON — NAI Partners has arranged the acquisition of an office space located on Richmond Avenue in Houston’s Montrose neighborhood. Rob Wiley P.C. purchased the 2,600-square-foot space from WT MAGS LLC for an undisclosed price. Dan Boyles Jr. and Michael Mannella of NAI Partners represented the buyer, while Jane Brennan-Martin of Carnan Properties represented the seller in the deal.

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SHELBURNE, VT. — Nedde Real Estate has arranged an office lease at 181 Falls Road in Shelburne. NorthEast Estates and Trusts PLLC and Law Office of Richard J. Fox will occupy 955 square feet at the property. The lease will begin in January 2017 and expire in two years. Fernando Cresta of Nedde Real Estate arranged the lease transaction. The landlord is LaPlatte Partnership.

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