MOUNT VERNON, N.Y. — Pyramid America has signed a 23,000-square-foot lease at 80 Hartford Ave. in Mount Vernon. Stevee Kornspun of NAI Friedland represented the tenant and Ross Schneiderman of NAI Friedland represented the landlord, 80 Hartford LLC, in the transaction. Pyramid America is a manufacturing, distributing and publishing house.
AUSTIN, TEXAS — Austin-based Endeavor Real Estate Group and Granite Properties plan to construct Champion Office Park, a 220,600-square-foot office campus in northwest Austin. The speculative office property will be located on the northwest corner of RM 2222 and Loop 360. The campus will include two four-story office buildings. San Antonio-based Overland Partners designed Champion Office Park, which is slated to open in September 2014. Travis Dunaway and Jonathan Tate of Endeavor will handle the property's leasing.
TULSA AND OKLAHOMA CITY, OKLA. — Stan Johnson Co. has secured the sale of two Garden Ridge stores in Oklahoma totaling $19.6 million. The properties are located at 11015 E. 51st St. S. in Tulsa and 701 S. Macarthur Blvd. in Oklahoma City. Ken Hedrick, Andrew Ragsdale and Jerry Hopkins of Stan Johnson Co. represented the seller, New York-based W.P. Carey Inc., in the transaction. The buyer was Arizona-based STORE Capital. Both properties have been fully leased by Garden Ridge Corp. since 1996. The two stores feature 11.5 years remaining of primary lease term, with four five-year renewal options.
FARMERS BRANCH, TEXAS — WRJ Distribution Way LLC has purchased 13911 Distribution Way, a 105,600-square-foot industrial building in Farmers Branch. Jean Russo of Cushman & Wakefield of Texas Inc. represented the seller, Shore Holdings Inc., in the transaction.
FORT WORTH, TEXAS — NorthMarq Capital has arranged $18.25 million in first mortgage refinancing for the 200,000-square-foot Chapel Hill Shopping Center, located at Interstate 30 and Hulen Street in Fort Worth. Chapel Hill's tenants include H-E-B Central Market, The Container Store and World Market. Phillip Bankhead of NorthMarq's Dallas office arranged the 10-year, interest-only loan through a CMBS lender.
SAN ANTONIO — CBRE San Antonio has arranged a 56,000-square-foot industrial lease renewal at 402 N. Tayman St. in San Antonio. Rob Burlingame and Josh Aguilar of CBRE San Antonio represented the landlord, Bre/Dp Tx LLC, in the lease deal. The tenant is Rail Link International.
SAN FRANCISCO – A 353,269-square-foot, Class A office building in San Francisco has received $81 million in financing. The building is located at 475 Sansome Street in the city’s North Financial District. It is 90 percent leased to tenants including Oracle, Amazon.com, Bank of the West and Yahoo! The 10-year, fixed-rate loan was arranged for Multi-Employer Property Trust (MEPT) by HFF’s Bruce Ganong, Cary Abod and Chris Gandy. It was provided by Prudential Mortgage Capital Company. Bentall Kennedy served as MEPT’s real estate advisor.
SAN JOSE, CALIF. – Ebay’s four-building, 250,000-square-foot office campus in San Jose has received a $50-million refinance. The campus is located within the Golden Triangle. The refinance will allow the borrower to secure a 10-year, fixed-rate mortgage at a competitive interest rate, as well as pay off its existing maturing debt. The loan request also featured a 1st Trust Deed and mezzanine financing components. It was placed by Alex Chenarides and John Souza of Barry Slatt Mortgage’s Los Angeles office. Financing was arranged through one of the company’s correspondent CMBS relationships. It will be serviced by Barry Slatt.
SUNNYVALE, CALIF. — Apple Inc. has leased a 53,000-square-foot office and R&D building in Sunnyvale. It is located at 455 De Guigne. The free-standing facility contains a few “creative” amenities that have become commonplace on tech campuses, including basketball and volleyball courts. Apple was represented by Andy Poppink and Craig Krammerer of Jones Lang LaSalle’s Silicon Valley office. The landlord, Westcore Properties, was represented by Dan Hollingsworth and Steve Pace of Cassidy Turley San Jose in this lease transaction.
HONOLULU – A pair of Honolulu-based office buildings have sold to KZ DevCo LP for a total of $15.2 million. The buildings, which are located at 1026 & 1030 King Street, were purchased on behalf of Longs Drugs Stores. Longs plans to develop a 19,960-square-foot drugstore with a drive-thru on the sites. Construction began in April and should be complete by summer 2014. Longs also recently leased an 8,860-square-foot space at the Davies Pacific Center in Downtown Honolulu. This store is currently under construction and is scheduled to open in the fourth quarter of 2013. Finally, Longs is also completing construction on a 23,008-square-foot, free-standing drive-thru location in Waimea on the Big Island. It is scheduled to open this June. KZ DevCo also assisted with these lease negotiations and construction processes.