CHICAGO — J.C. Anderson Inc. has completed an office build-out for The Camden Group at 29 N. Wacker Drive in Chicago. The firm, which provides management and consulting services to the health care industry, is relocating its Chicago offices from 155 N. Wacker Drive to this location. The 9,000 square foot build-out on the 10th floor includes conference rooms, private offices and a server room. The office also features exposed ceilings, new light fixtures, luxury vinyl tile flooring with wood planking, mechanical and electrical upgrades and new flooring. William Burfeind of J.C. Anderson was the project executive and Jason Hawkins of J.C. Anderson was the project manager. Horn Design provided architectural services.
Property Type
LOMBARD, ILL. — NAI Hiffman has arranged an office lease of 16,691 square feet in Lombard. Veolia Water Solutions will occupy the space within the Butterfield Centre located at 700 East Butterfield Road. The property consists of two class A buildings totaling 280,672 square feet and includes covered parking, a conference facility with auditorium, a food service area and fitness center. Mike Van Zandt and Brian Edgerton of NAI Hiffman’s Office Services Group represented Travelers Insurance in the transaction. David Tropp and Jon Springer of CBRE represented Veolia Water Solutions.
SEATTLE — Path America and Dargey Development have broken ground on the $190-million Potala Tower Seattle, a 577,000-square-foot, mixed-use property in the Seattle waterfront submarket of Belltown. The development will include 342 apartments and the 142-room Hotel Indigo, which will include a mezzanine, restaurant, wine bar and rooftop deck. The project was named after Potala Palace in Tibet. It is located at 2116 4th Ave. Potala Tower Seattle was financed through the EB-5 Visa program, which offers foreign nationals the opportunity to obtain a U.S. green card by investing in a U.S.-based commercial enterprise. Hotel Indigo is a branded boutique concept from InterContinental Hotels Group (IHG).There are 58 Hotel Indigo properties worldwide.
SAN FRANCISCO – The Bay Area will receive the first new TargetExpress stores to open nationwide. The condensed outpost from the big box giant will open three locations in the region, including two in San Francisco and one in Berkeley. These TargetExpress stores will contain 20,000 square feet or less. A 20,000-square-foot store is set to open at 225 Bush Street, next to the Montgomery BART station in San Francisco’s financial district. A 17,000-square-foot store will debut at 1830 Ocean Ave. in southwest San Francisco, while another 12,355-square-foot TargetExpress will open at 2187 Shattuck Ave. in Berkeley. The Bush and Shattuck stores are scheduled to open next spring. The Ocean store is still in the planning stages. No opening date has been set. The test store for the TargetExpress concept opened in the retailer’s hometown of Minneapolis this July. All three Bay Area TargetExpress transactions were executed by Matt Kircher of Terranomics Retail Services.
LOS ANGELES – A 19,750-square-foot creative office property in Los Angeles has sold to the American Musical and Dramatic Academy, College of the Performing Arts (AMDA) for $10 million. The building is located at 1641 Ivar in Hollywood. The space used to host the Bob Hope USO Special. The seller, boutique production firm Hello and Company, was represented by Martin McDermott of Avison Young. The firm will occupy the entire space. AMDA was represented by Christopher Bonbright, John Tronson and David Landau of the same firm. AMDA’s financing was also arranged by the firm’s Nick Roussos.
PLANO, TEXAS — Guardian Life Insurance Co. of America has opened a new facility in Plano, just north of Dallas. The office is located at 5850 Granite Pkwy. The facility will serve as Guardian’s Absence and Disability Management Solutions Center. Guardian is a mutual insurer founded in 1860 providing coverage to employees at more than 115,000 companies.
DALLAS — Studio 6 Fitness is opening its second Dallas location at The Shops at Park Lane. The 2,700-square-foot gym will open later this month at 8180 Park Lane, Suite 343. Tom Metcalfe of Metcalfe Real Estate represented Studio 6 in the transaction. Amanda Gross and Ashley O’Malley of UCR represented The Shops at Park Lane. The property includes more than 5,000 parking spaces and is located near a Dallas Area Rapid Transit line.
DALLAS — Marcus & Millichap has arranged the sale of Reiger Apartments, an 18-unit apartment property in Dallas. Robert Denninger of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a limited liability company. Denninger also represented the buyer, an individual/personal trust. Reiger Apartments is located at 5414 and 5418 Reiger Ave. in Dallas. The complex was built in 1972 and consists of two two-story buildings with 18 two-bedroom, one-bath units of approximately 800 square feet.
UNION CITY, GA. — USAA Real Estate Co. has acquired the I-85 Distribution Center, a 744,000-square-foot warehouse in Union City within the South Atlanta industrial submarket. The property is located within a half mile of I-85 and nine miles from Hartsfield-Jackson Atlanta International Airport. Panattoni Development Co. developed the property in 2006 with 32-foot clear heights, ESFR fire sprinklers, 60-foot deep speed bays, 185-foot truck court and trailer and automobile parking. Sean Boswell and Scott Plomgren of Colliers International’s Atlanta office are coordinating the leasing of the property, which has 517,000 square feet of vacancy.
SLIDELL, LA. — HFF has arranged the $14.6 million sale of Stirling Slidell Centre, a 139,460-square-foot retail center in the New Orleans suburb of Slidell. Retail Centers of America purchased the asset from LaSalle Investment Management. The property is located on the northwest corner of Interstate 12 and Airport Road. The property’s tenant roster includes David’s Bridal, Ross Dress for Less, PetSmart, Men’s Wearhouse, Shoe Carnival, Party City, AT&T and Dickey’s Barbeque Pit. Jim Batjer, Jim Hamilton and Richard Reid of HFF led the sales team that represented LaSalle.