PHOENIX – The Consulate General of the United Mexican States has signed a five-year lease for 24,216 square feet of office space at McDowell Corporate Center in Phoenix. The Mexican Consulate is expanding and relocating from a building near 15th Avenue and West Camelback Road. It will occupy about 70 percent of McDowell Corporate Center. The Consulate was represented by Tivon Moffit of Colliers International in Phoenix. The landlord, Abart Properties 26 LLC, was represented by Luke Walker and David Carder of CBRE’s Phoenix office.
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SAN FRANCISCO — Kilroy Realty Corporation (KRC)has announced its plan to build a $200-million, 400,000-square-foot office building in San Francisco’s South of Market (SOMA) district. The 0.43-acre development site, which is located at 350 Mission Street, was purchased by KRC for $52 million. The 27-story tower is being designed by Skidmore, Owings & Merrill LLP. It is targeting LEED-Platinum certification. If successful, it will be the first ground-up commercial development inSan Franciscoto achieve this feat. The building is slated for completion in early 2015. Christopher Roeder,David ChurtonandTed DaviesofJones Lang LaSallewill act as the project’s listing brokers.
ONTARIO, CALIF. – Cardenas Markets has signed a 10-year lease for 263,000 square feet in Ontario. The space is located at 2501 East Guasti Road. It is within a 420,000-square-foot, multi-tenant industrial building. The new lease will allow Cardenas to expand its headquarters and distribution operations, which currently resides in a 420,000-square-foot space in Ontario. The landlord, MK Associates LTD, was represented by Joe Miller of Voit Real Estate Services. Miller worked with Mike Leifer of Palmieri, Tyler, Wiener, Wilhelm & Waldron on land-use issues, as well as with Ruben Goodsell, Peter McWilliams and Michael McCrary of Jones Lang LaSalle on the marketing assignment.
LAS VEGAS – Robert Graham has signed a lease to open a branded retail store at the Fashion Show Mall in Las Vegas. The store will offer the full Robert Graham collection. The Robert Graham store is set to open in spring 2013.
WASHINGTON, D.C. — Greenebaum & Rose Associates has sold an 11-story, 298,533-square-foot building at 820 First St. in Washington, D.C., to an affiliate of Harbor Group International for $107 million. The Class A office property is 100 percent leased and is situated within Union Center Plaza adjacent to Union Station. It is leased to a variety of tenants, including CNN, Accenture and the U.S. General Services Administration (GSA). Bill Collins, Paul Collins, Drew Flood, Jud Ryan and James Cassidy of Cassidy Turley represented Greenebaum & Rose Associates in the transaction.
SAVANNAH, GA. — The 185,244-square-foot Abercorn Common, a community shopping center located adjacent to Oglethorpe Mall in Savannah, has traded through Auction.com. It is 96 percent leased to tenants including HomeGoods, Michaels, Office Depot, Party City, ULTA, Ashley Furniture, McDonald’s, Firehouse Subs and Panera Bread. A special purpose entity controlled by LNR Partners LLC served as special servicer and the buyer was a private investor from Savannah. Mark Gilbert, Adam Feinstein and Gary Saykaly of Cushman & Wakefield Retail Investment Advisors acted on behalf of the seller.
LOUISVILLE, KY. — Berkeley Point Capital LLC has facilitated a $28.1 million loan insured by the Federal Housing Administration (FHA) for the construction of Claibourne Crossing, a 242-unit garden-style apartment community that will be located near the Lake Forest residential development and golf course in Louisville. The multifamily property will feature one-, two- and three-bedroom units in 19 two- and three-story buildings. Amenities will include a clubhouse, fitness center, business center, conference room, game room, playground and pool. TDK Construction is designing and developing Claibourne Crossing.
ATLANTA — Mailing Avenue Stageworks, an 85,000-square-foot film and television production facility, has opened on a five-acre site close to historic Grant Park in Atlanta. An investment group led by Paul Raulet, John Raulet and Tyler Edgarton acquired a former industrial building at 1144 Mailing Ave. for the film and television production facility. The stage features 31-foot ceiling heights and an 80-by-120-foot filming area. “Georgia’s attractive incentive program, as well as talented workforce, a variety of locations and accessibility give it a competitive edge over other states,” says Lee Thomas, director of the Georgia Film, Music & Digital Entertainment Office. “As a result, we continue to experience a wealth of productions choosing Georgia for their projects.” Mailing Avenue Stageworks will be available for lease in January 2013.
CHARLOTTE, N.C. — Consumer Programs Inc., a wholly owned subsidiary of portrait studio operator CPI Corp., has sold a 59,492-square-foot warehouse and office building and two land parcels in Charlotte to Worldwide Ventures Inc. for $1.6 million. The property is located at 11001 Park Charlotte Blvd. Warren Snowdon and David Hanna of Cushman & Wakefield/Thalhimer represented Consumer Programs, and Lawrence Shaw of Colliers International represented Worldwide Ventures.
BROOK PARK, OHIO — Philips Edison — ARC Shopping Center REIT has acquired Brook Park Plaza, a 157,459-square-foot shopping center in Brook Park, a suburb of Cleveland, for $10 million. The center is 87 percent occupied and anchored by an 82,000-square-foot Giant Eagle grocery store, which has a fuel station.