OAKLAND, CALIF. — The historic 85,000-square-foot Oakland Tribune building has sold to CallSocket LP for $8 million. The company plans to create a call center at the building that should create 2,300 new jobs in Oakland over the next three years. CallSocket was represented by CBRE’s David Noravian, Hyoung Chon and Robert Newstead. The seller, special servicer Torchlight Investor, was represented by Lori Bluett of Bluett & Associates, which will also manage the asset.
REDLANDS, CALIF. — Mountain View Industrial Center, a 327,084-square-foot, Class A warehouse/distribution center in Redlands, has sold to Industrial Income Trust. The seller, Canyon Capital Realty Advisors, was represented by Jeffrey Cole, Jeff Chiate, Michael Ma, David Hasbrouck, Ed Hernandez and Phil Lombardo of Cushman & Wakefield.
NEW ORLEANS — Skanska USA and MAPP Construction have started construction on the $522 million first phase of the $1.2 billion, 2.18 million-square-foot University Medical Center, located in downtown New Orleans, on behalf of the State of Louisiana. The development is affiliated with Louisiana State University and LSU Health. The first phase includes a 550,661-square-foot, 424-bed hospital tower and a 746,982-square-foot adjoining diagnostic and treatment center. Full completion is slated for February 2015.
JACKSONVILLE AND TAMPA, FLA. — Atlanta-based JMG Realty has purchased the 336-unit Circle at Bartram Park, located at 14701 Bartram Park Blvd. in Jacksonville, and the 300-unit Circle at Crosstown, located at 1820 Crosstown Club Pl. in Tampa, from an institutional seller for $64.5 million. Kevin Judd of ARA's Orlando, Fla., office, along with Matt Wilcox of the firm's Jacksonville office and Patrick Dufour of the firm's Tampa office, represented the seller in the transaction.
DURHAM, N.C. — Charlotte, N.C.-based Crescent Resources has started construction on the $47 million, 303-unit Circle Ninth Street, an apartment complex located adjacent to Ninth Street and the Erwin Mill building in Durham. Raleigh, N.C.-based Cline Design Associates is the project and landscape architect for the development and Charlotte-based State Building Group is the general contractor. Financing for the property is being provided by an equity investment from Crescent Resources, U.S. Bank N.A. and Pearlmark Real Estate Partners.
STERLING, VA. — Boston-based New Boston Fund has completed a 178,234-square-foot build-to-suit, located in TransDulles Centre at 22640 Davis Dr. in Sterling, on behalf of Cedar Rapids, Iowa-based Rockwell Collins. The building is 47 percent office space and 53 percent manufacturing space. Rockwell Collins will consolidate several of its facilities to the new property, which will serve as its regional headquarters. Brian Coakley of Donohoe Real Estate's Washington, D.C., office represented the tenant in the lease transaction, and Neil Alt of Lincoln Property Co.'s Washington, D.C., office represented the landlord.
BUFORD, GA. — R.N.C. Industries has signed a 192,780-square-foot industrial lease, located at Building I in Hamilton Mill Business Center at 2510 Mill Center Pkwy. in Buford. The lease brings Building I to full occupancy. R.N.C. will relocate to the property from its current 110,000-square-foot space in Lawrenceville, Ga. Trip Ackerman of Lee & Associate's Atlanta office represented the tenant in the lease transaction, and the landlord, Atlanta-based IDI, was self-represented by Lisa Ward.
CUDAHY, WIS. — The Milwaukee office of Opus Development Corp. has completed a 55,000-square-foot dry storage facility and connecting corridor on the site of the fire-damaged Partick Cudahy Inc. plant in Cudahy. Patrick Cudahy, the nation’s largest meat-packing plant, was severely damaged in a fire that took place in July 2009. Although many of the buildings within the Patrick Cudahy campus were salvaged, a major section of the plant required complete demolition and rebuilding. Patrick Cudahy began working with Opus beginning in July 2009 to assess the structural damage and to assist with the implementation of interim building solutions.
LEBANON, TENN. — Nashville, Tenn.-based Vastland Realty Group has broken ground on the first two tenants at the 165-acre Cumberland Center, located on Interstate 40 at Highway 231 in Lebanon. The mixed-use development will contain 1 million square feet of retail space, 500,000 square feet of office space, and a 160,000-square-foot Community Events Center, as well as outparcels for hotels, restaurants and more. Construction has begun for Phase I, Section I, which has been approved for hotel, restaurant, office and retail elements, including a 6,500-square-foot Logan's Roadhouse and a 13,500-square-foot RCC Western Wear. The first tenants are slated to open in the fall of 2012.
PORT ORANGE, FLA. — A 10,885-square-foot CVS/pharmacy, located at 3771 Clyde Morris Blvd. in Port Orange, has been sold for $2.78 million. Leon Brockmeier of Marcus & Millichap's Tampa, Fla., office, along with Patrick O'Halloran of the firm's Atlanta office represented the seller, a Missouri-based private investor, in the transaction and procured the buyer, a New York-based limited liability company.