Office

LBA Realty Buys Broadacres Office Building in Seattle for $25.4M

by Nellie Day October 17, 2016

SEATTLE — LBA Realty has purchased the 123,108-square-foot Broadacres office building in Seattle for $25.4 million. The building is located at 1601 2nd Ave., two blocks from Sound Transit-King County Metro’s Westlake station and one block from Pike Place Market. The 10-story property is a value-add, creative office redevelopment opportunity, according to HFF, which represented the seller, Principal Real Estate Investors, in this transaction. Nicholas Kucha led the firm’s team, which marketed the property in partnership with KG Investment Properties.

October 17, 2016

California Office Western

C.W. Driver Companies Completes $55M Sciences Building at Saddleback College in Mission Viejo

by Nellie Day October 17, 2016

MISSION VIEJO, CALIF. — C.W. Driver has completed work on the 81,980-square-foot Sciences Building at Saddleback College in Mission Viejo. The $55 million project is part of a large-scale renovation of the college’s academic and research facilities, aimed at boosting the institution’s environmental sustainability and overall learning experience. The three-story building contains approximately 2,600 square feet of classroom space; 44,400 square feet divided between 26 modern laboratories for academic programs in astronomy, biology, chemistry, geology, marine science, physics and related disciplines; and 1,800 square feet of office space. In addition to the extensive lab space, the building also features a 500-square-foot observatory with 22 student-accessible telescopes.

October 17, 2016

Office Texas

SRS Distribution Expands Office to 5,452 SF at Valliance Plaza in McKinney

by Haisten Willis October 17, 2016

MCKINNEY, TEXAS — SRS Distribution Inc., a roofing supply company, has signed a lease expansion for its office at Valliance Plaza in McKinney. The company will now occupy 5,452 square feet. Stephen Hemphill of Mohr Partners represented the tenant, and Heather Shover and Sean Dalton of Younger Partners represented the landlord in the leasing transaction.

October 17, 2016

Georgia Office Southeast

Skanska to Build $56M Office Building in Atlanta

by John Nelson October 17, 2016

ATLANTA — Skanska has signed a $56 million contract to construct a build-to-suit corporate office building in Atlanta for an undisclosed company. The office building will span roughly 200,000 square feet and feature a 210,000-square-foot parking deck. Skanska expects to deliver the building in 2018.

October 17, 2016

Georgia Office Southeast

PGi Renews, Expands Office Leases in Metro Atlanta

by John Nelson October 17, 2016

ATLANTA — PGi, an Atlanta-based software provider, has renewed its lease at the company’s corporate headquarters at the Terminus 100 office tower in Atlanta’s Buckhead district. The company also renewed and expanded its lease at the GA 400 Center office building in Alpharetta. The two 12-year lease deals total roughly 70,000 square feet. PGi signed its lease renewal at Terminus 100 with Cousins Properties and signed its lease renewal and expansion at GA 400 Center with TPA Group. PGi has also selected architect Gensler to redesign the company’s office space at the two locations. Patrick Duffy and Taylor Senter of Newmark Grubb Knight Frank advised PGi on the lease deals and the redesign project.

October 17, 2016

Loans New York Northeast Office

Houlihan-Parnes Realtors Places $4.2M Loan for Office Building in Greenburgh, New York

by Amy Works October 14, 2016

GREENBURGH, N.Y. — Houlihan-Parnes Realtors has placed a $4.2 million first mortgage for an office building located at 297 Knollwood Road in Greenburgh, a suburb of White Plains, N.Y. The non-recourse loan features a 4 percent fixed interest rate for 10 years. A 10,000-square-foot branch of the General Services of America – US Social Security Administration occupies the 35,000-square-foot building. Andrew Greenspan of Houlihan-Parnes Realtors closed the loan, while Lee Pollock of Pollock & McGuire LLP represented the undisclosed borrower.

October 14, 2016

Loans Michigan Midwest Multifamily Office

Pillar Originates $11.8M Loan for 12-Story Mixed-Use Property in Downtown Detroit

by Amy Works October 14, 2016

DETROIT — Pillar has originated an $11.8 million Fannie Mae DUS loan for Detroit Savings Bank Apartments in downtown Detroit. The 10-year term loan features a 30-year amortization schedule. David Wilkins of Pillar originated the financing for Capitol Park Partnership. Built in 1895, the 12-story building features 56 market-rate apartment units on the top seven floors and The Archdiocese of Detroit on the first five floors.

October 14, 2016

Healthcare Office Texas

Marcus & Millichap Brokers Sale of 12,892 SF Office Property in Denton

by Katie Sloan October 14, 2016

DENTON, TEXAS — Marcus & Millichap has brokered the sale of Denton Medical Office Building, a 12,892-square-foot office property located in Denton. The single-story, multi-tenant medical office building is located at 3331-3333 Colorado Blvd. Lab Corp. and Health Texas Provider Network fully occupy the space. Cody Payne and Wayne Bares of Marcus & Millichap represented the buyer and seller in the transaction. Both parties were undisclosed private investors.

October 14, 2016

Office Texas

Teknion Corp. to Relocate D/FW Office to KPMG Plaza at HALL Arts

by Katie Sloan October 14, 2016

DALLAS — Workplace interior furnishings company Teknion Corp. will relocate its Dallas/Fort Worth office and showroom to KPMG Plaza at HALL Arts. The 18-story, 500,000-square-foot office tower is located in the Arts District of Dallas. The company will move into an 8,000-square-foot space designed by Vanderbyl Design on the building’s 16th floor. TVSdesign will assist Vanderbyl in the execution of the space. Kim Butler, the director of leasing at HALL Group, represented the landlord in the lease, and Jeff Eiting of CBRE represented Teknion. The company will move into its new space in spring 2017.

October 14, 2016

Industrial Midwest Missouri Office

Intelica CRE Facilitates $3.6M Sale of Office/Warehouse Property in St Louis

by Amy Works October 13, 2016

ST. LOUIS — Intelica CRE has arranged the sale of an office and warehouse facility located at 2316 Schuetz Road in St. Louis. Pohlman Metal Seal Precision acquired the property from Davidson Surface Air for $3.6 million. Situated on 6.7 acres, the property totals 97,000 square feet. Gary Parker and Dan Merlo of Intelica CRE brokered the transaction.

October 13, 2016

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