PHOENIX — Southwest Network has leased 18,000 square feet of office space at West 101 Business Center in Phoenix. The center is located at 1840 N. 95th Ave. The Arizona nonprofit organization will relocate from the Garden Lakes area in the Southwest Valley, a smaller space than in the new lease. Michael Waxman of Levrose Commercial Real Estate represented Southwest. Tyler Smith of NAI Horizon represented the landlord, ViaWest Group, in this transaction.
KANSAS CITY, MO. — AutoAlert has signed a 48,839-square-foot office lease for its new headquarters in downtown Kansas City. AutoAlert will occupy four floors in the former Kansas City Railway building, which was built in 1935 and is located at 114 W. 11th St. The new location for the California-based tech firm and software provider for auto dealers will bring 300 jobs to the area. Bill Maas and Larry Larsen of Block & Co. Inc. Realtors negotiated the lease transaction on behalf of AutoAlert.
CHICAGO — ZWL Properties has purchased a 138,000-square-foot office and warehouse property in Chicago. The two-story building is situated on 5.1 acres at 5000 W. Bloomingdale Ave. ZWL plans to convert the building for multi-tenant use. Exterior remodeling will include new roofing, gutters, fencing and window replacement. Interior remodeling will involve the construction of new tenant spaces and restrooms in addition to new plumbing, heating and electrical systems. An adjacent 31,250-square-foot land parcel will be resurfaced for parking. Shai Romirowsky of Eastern Union Funding arranged $2.2 million in acquisition and renovation financing for the purchase.
SCIO TOWNSHIP, MICH. — Forum Group, an NAI Farbman Group partner, has arranged the sale of an 8,000-square-foot retail building in Scio Township, five miles west of Ann Arbor. The sales price was not disclosed. The Class A building is located at 120 S. Zee Road, and is fully occupied by Starbucks, Jimmy John’s, Verizon and Kim’s Spa. Thomas D. Lasky of Forum Group represented the buyer, LPH Ventures LLC. Marcus & Millichap represented the undisclosed seller.
LEE’S SUMMIT, MO. — National American University has entered into a 7,235-square-foot lease in Lee’s Summit, about 20 miles southwest of Kansas City. The university will occupy the space in the Murray Road I Building located at 401 NW Murray Road for additional classroom space. John DeHardt of Kessinger/Hunter negotiated the lease.
DALLAS — Stream Realty Partners and J.P. Morgan Asset Management have unveiled plans for the $135 million renovation and expansion of Trammell Crow Center in Dallas. This will be the first major renovation of the office tower in 32 years. The building, located at 2001 Ross Ave., will be transformed into a mixed-use property. The redevelopment of the 1.2 million-square-foot office tower will include enhancements to the building’s interior lobby, lower exterior and plaza. A ground-up, mixed-use development on an adjacent 2.66-acre site will be anchored by more than 26,000 square feet of restaurant-driven retail space and a parking facility. The transformation of the Dallas landmark will collectively total five acres. The redesign will also focus on expanding the building’s on-site amenities to include a new 3,000-square-foot tenant lounge, an expanded, 9,000-square-foot athletic club and a 9,000-square-foot conference center located on the second floor. The most notable change for the building will consist of a new 50-by-80-foot glass and metal façade below the third floor, which will extend out to Ross Avenue. A similar glass entry will be featured at the Flora Street entrance, and the ground floor of the Olive and Harwood Street corners will extend towards Ross Avenue …
LOS ANGELES — A joint venture between California Landmark Group and Cayton Capital have completed construction of R3, a 67-unit apartment community in the Los Angeles submarket of Marina del Rey. The $30 million community is located at 4091 Redwood Ave. in the Arts District. R3 features a mix of one- and two-bedroom floor plans ranging from 685 square feet to 1,655 square feet. Amenities include a rooftop pool and lounge, fitness center and a Zen yoga garden with complimentary yoga sessions by a certified instructor.
LOS ANGELES — Sares Regis Group (SRG) has broken ground on nine industrial buildings in the Los Angeles submarket of Thousand Oaks. The buildings will contain a total of 507,878 square feet. The facilities are being built to LEED specifications on the remaining 29 acres in the Conejo Spectrum business park in Conejo Valley. They are scheduled for completion in the fourth quarter. John DeGrinis, Patrick DuRoss and Jeff Abraham of Colliers International represented SRG.
PHOENIX — Lincoln Property Co. (LPC) has purchased a 104,618-square-foot office building in Phoenix for $24.6 million. The Class A building is located at 2777 E. Camelback Road in the Camelback Corridor. LPC plans to reposition the asset with lobby and common area renovations, an indoor tenant lounge and conference facility, a new outdoor lounge area, improved signage, and upgraded landscape and hardscape. Notable tenants at the property include UMB Bank, WFG National Title, The Lavidge Company, Hill International and Avison Young. Chris Toci of Cushman & Wakefield executed the sale. JLL’s John Bonnell and Chris Latvaaho serve as the building’s exclusive leasing brokers.
STOCKTON, CALIF. — Sean Pathiratne, owner of Buzz Oates’ subsidiary CVICH Stockton LLC, has purchased a 256,671-square-foot industrial building in Stockton for $18 million. The building is located at 2845 Boeing Way. The facility is situated near BNSF & Union Pacific Railroad Intermodal facilities. The building joins two other properties owned by Pathiratne, which are used for warehousing and distribution. Greig Lagomarsino and Michael Goldstein of Colliers International executed the transaction.
