ATLANTA — Worldpay, a London-based provider of payments technology and services to merchants, partners and developers, has announced its plan to relocate its U.S. headquarters and 671 employees to Atlantic Station in Atlanta. The company also plans to add 600 jobs over the next four years. The company will occupy 130,000 square feet of office space over six floors at the 201 17th St. office building. Worldpay will invest nearly $10 million in the relocation, which will begin in March 2015 and continue into 2016. Worldpay received a $1.5 million City of Atlanta Economic Opportunity grant to help fund the relocation of its U.S. headquarters, and is eligible for other state incentives. Invest Atlanta partnered with the Georgia Department of Economic Development, Metro Atlanta Chamber and Georgia Power on the project. Matt Ryder of Honour Inc. served as location, labor and incentives consultant. Chris White and Brian Boyd of DTZ were tenant advisors, and BoggsVickers is the project architect for the new office space.
OAKLAND, CALIF. – The Swig Company has acquired The Wakefield Building, a 57,000-square-foot creative office property in Oakland, for an undisclosed sum. The building is located at 416 17th Street. The property was originally developed as a medical office building by Dr. W.H. Wakefield in the 1920s. Notable tenants include Sungevity’s incubator spin-off, SFunCube, as well as First Place for Youth, the American Heart Association, the Rockwood Leadership Institute and the Asian Pacific Education Network. The Swig Company also owns and operates the nearby Kaiser Center on Lake Merritt. The unnamed seller was represented by Seth Siegal and Adam Lasoff of Cushman & Wakefield. The Swig Company’s legal advice was provided by Tony Ratner of Farella Braun + Martell.
SEATTLE – Swedish Health Services has leased 24,000 square feet at First Hill Medical Pavilion in Seattle. The space is located on Seattle’s First Hill, across from the Swedish Hospital campus. Swedish Health Services will relocate its transplant group to the sixth floor of the building in the second quarter of next year. The building is 44 percent leased. It is currently undergoing a significant renovation. Swedish Health Services was represented by Bob Mooney and Hans Kemp of Flinn Ferguson. The landlord, a joint venture between Trammell Crow Company and Washington Capital Management, was represented by CBRE’s Paul Carr, Steve Perovich and Marcus Yamamoto.
SCOTTSDALE, ARIZ. – Make-A-Wish Foundation of Arizona has purchased an 11,400-square-foot office building in Scottsdale for $1.9 million. The building is located at 2901 N. 78th Street, just outside the downtown area. The foundation plans to use this space for its new headquarters after the property undergoes a full remodel. The purchase was made through contributions from a large donor. The building’s former tenant, RevSolve, previously known as Collections Service Bureau, relocated to another office just a mile away this past July. Make-A-Wish was represented by CBRE’s Chris Marchildon and Barry Gabel. The seller, SPQR LLC, was represented by Kelly O’Dea of LevRose/TCN Worldwide.
RAMON, CALIF. – Sarens has leased 7,355 square feet of space at Bishop Ranch in San Ramon. The Class A office space is located at 5000 Executive Parkway. The heavy lifting and engineered transport company will be relocating from the Marina Village office complex in nearby Alameda. Sarens recently transported the Endeavor space shuttle to Los Angeles. The company was represented by Gregg Hall of Cresa San Jose. The landlord, Sunset Development, represented itself in this transaction.
RANCHO CUCAMONGA, CALIF. – Crunch Fitness & UFC has leased 25,015 square feet of space in Rancho Cucamonga. The space is located at 12739 Foothill Blvd. The lease is valued at $3.2 million. Vicky Espinosa, Fred Encinas and Lidia Talavera of NAI Global represented both Crunch Fitness and the landlord, THM Enterprises LLC, in this transaction.
The nickname for Indianapolis, “Naptown,” is quickly fading in the rearview mirror as the city receives an increasing amount of recognition as one of the best places to live and work in America. Thanks to a unique combination of Hoosier hospitality, pro-business environment and amenities such as the Cultural Trail, Indianapolis has been named “One of the best new boom towns in the U.S.” by Forbes magazine and the “No. 3 Downtown in the U.S.” by Livability.com. With $1 billion in new projects on the horizon, it’s no surprise that downtown Indianapolis is making headlines. Indygo’s $37 million Downtown Transit Center, in close proximity to the Cultural Trail and Bike Hub, will serve pedestrians, cyclists and bus riders. A $26 million investment in a new Science and Engineering Lab at Indiana University-Purdue University Indianapolis will continue to encourage life sciences and technology careers. Plans also are in the works to revamp downtown’s iconic Monument Circle with space for events, an ice skating rink, sidewalk cafes and more. On the residential front, investments in excess of $400 million over the past five years have resulted in new housing for 4,000 additional residents. Downtown Residential Boom According to public/private partnership Downtown Indy, …
FORT WORTH and HOUSTON — Berkadia has originated $40.3 million in financing for two multifamily properties located in Fort Worth and Houston. The first transaction was a $29 million loan for Thornbury Apartments, which is located at 7055 Hollister Road in Houston. The seven-year, floating-rate loan includes three years of interest-only payments and a 30-year amortization schedule. The property consists of 408 one-, two- and three-bedroom units and was 96 percent occupied at the time of closing. The borrower was AHC Thornbury Owner LLC. The second transaction was an $11.3 million loan for The Retreat at River Ranch Apartments. The seven-year, floating-rate loan includes two years of interest-only payments and a 30-year amortization schedule. The property consists of 248 one- and two-bedroom units. The property is located at 4850 River Ranch Boulevard near Chisholm Trail Parkway and I-20 and was 94 percent occupied at the time of closing. Andy Hill of Berkadia’s Austin office secured both loans.
CARROLLTON, TEXAS — Olympus Property has acquired Union at Carrollton Square, a 311-unit Class A apartment complex in Carrollton. The asset was purchased from High Street Residential, a subsidiary of Trammell Crow Co. High Street Residential built the five-acre complex in two phases during 2013 and 2014. Union at Carrollton Square includes a five-story parking garage, 4,700 square feet of ground-level retail space, two pools, an outdoor fireplace, clubhouse and fitness center.
NEW YORK CITY — North Shore-LIJ has acquired 600 Community Drive in Long Island’s Manhasset for $65 million, or $260 per square foot. A partnership led by The Carlton Group’s Chairman Howard Michaels sold the property. Prior to the sale, the building’s ownership group made significant renovations to the property: achieved zoning approval to lease 80,000 square feet of the building for medical office use; approved and implemented a new renovation plans, including interior and improvements and a new façade entrance; and developed a solid pipeline of tenant activity, which allowed the property to become a multi-tenanted building. North Shore-LIJ has been a sub-tenant at the office building for the past eight years.