SAN JOSE, CALIF. — Century Plaza II, a 99,126-square-foot, Class A office building in San Jose, has sold to Grosvenor Americas for an undisclosed sum. The six-story building is located at 560 S. Winchester. It is fully occupied by the Rockefeller Group Business Centers, Cushman & Wakefield and Merrill Lynch Wealth Management.
WASHINGTON, D.C. — A joint venture between New York City-based The Rockefeller Group and New York City-based Mitsubishi Estate New York has acquired a 347,608-square-foot office building, located at 1100 First St. NE in Washington, D.C., from Eastdil Secured. According to CoStar, the sale price was $180 million. The 12-story building is LEED Gold certified, and is 95 percent leased to tenants including the Department of Veterans Affairs, the Federal Energy Regulatory Commission and Mathematica Policy Research. Both parties were self-represented in the transaction.
WASHINGTON, D.C. — The Rockefeller Group has partnered with Mitsubishi Estate New York to acquire 1101 K Street Northwest in Washington, D.C. A joint venture between JBG Companies and Rockwood Capital sold the Class A office for an undisclosed price. Built in 2006, the 10-story, 291,480-square-foot property is currently 80 percent occupied. The property features a two-story lobby, 9- to 10-foot ceiling heights, floor-to-ceiling windows, a rooftop deck, a fitness center, state-of-the-art building systems, underground parking and a restaurant, Brasserie Beck.
CHARLESTON, S.C. — US Industrial REIT III, an affiliate of USAA Real Estate Co., has acquired a 1.1 million-square-foot property in Charleston. The LEED Gold-certified, cross-docked Class A bulk distribution facility is situated on 124 acres at the Rockefeller Group-MeadWestvaco Foreign Trade Zone. The sellers were a joint venture consisting of The Rockefeller Group and MeadWestvaco Corp. Andrew Merin and Stewart Calhoun of Cushman & Wakefield, along with locally based Colliers Keenan, represented the seller in the transaction. The acquisition price was not disclosed.
MIRAMAR, FLA. — General Services Administration (GSA) has acquired a 20-acre land parcel along the Interest 75 corridor in Miramar for $13.5 million. GSA plans to construct a 475,000-square-foot federal office complex on the property. The 20-acre site was part of a 40-acre land parcel owned by Rockefeller Group Development Corp.
FLORHAM, N.J. — Construction is advancing for the new North America headquarters of BASF. The 325,000-square-foot building is being built within The Green at Florham Park, a master-planned community located in Florham. The $100 million project will be complete in 2012 and will be applying for LEED-Platinum certification. Turner Construction Co. is providing construction management services. Rockefeller Group Development Corp. is the developer. At full build-out, The Green at Florham Park will contain 830,000 square feet of Class A office space as well as a hotel. Construction is also under way within the park for a new medical facility for Atlantic Sports Health Institute.
OCEANSIDE, CALIF. — Rockefeller Group Development Corp., a subsidiary of New York-based The Rockefeller Group, has completed the development of an 84,000-square-foot outpatient clinic for the U.S. Department of Veterans Affairs. The clinic is located within Seagate Corporate Center at 1300 Rancho Del Oro in Oceanside. The two-story facility features a back-up generator for emergency power and two MRI pads that accommodate the onsite mobile MRI units. San Diego-based Smith Consulting Architects provided architectural services; San Diego-based Raymond Fox & Associates provided medical architectural and interior design services; Reno Contracting of San Diego served as general contractor for the project. Additionally, Capital Partners Development Co. provided project development management; RBF Consulting served as civil and traffic engineers; and Ridge Landscape Architects provided landscape architectural services for the facility.
FLORHAM PARK, N.J. — BASF Corp. is the latest tenant to be announced for The Green at Florham Park, a 268-acre master-planned community in Florham Park. The chemical company will occupy a new 325,000-square-foot office building that is being developed for it by the community's master developer, Rockefeller Group Development Corp. The new building, which will serve as BASF's North American headquarters, will be constructed to LEED-Platinum specifications. Construction is expected to begin in July, with completion slated for mid-2012. BASF will join a roster of notable tenants. The first is Atlantic Health, which is developing a four-story, 100,000-square-foot sports medicine facility know as the Atlantic Sports Health Institute. The medical facility will be situated adjacent to the project's other major tenant, the New York Jets. The pro football team is constructing a 27-acre campus that will contain the team's headquarters facilities as well as a 120,000-square-foot training center. The complex will also contain the Renaissance ClubSport by Marriott, a 250-room hotel that will feature a high-end spa and a 75,000-square-foot sports club. Additional development planned for The Green at Florham Park will include a total of approximately 800,000 square feet of office space as well as a 425-unit senior …
SOCIAL CIRCLE, GA. — Rockefeller Group Development Corporation has completed a 1.5 million-square-foot distribution center in Social Circle, Georgia. The property is the largest LEED-Gold certified industrial building in the U.S. and second largest in the world. It was built for tenant General Mills. RGDC and General Mills originally sought LEED-Silver certification for the building, but the number of credits accrued in five green design categories exceeded the number of credits needed for LEED-Silver.? ?To qualify for LEED-Gold certification, the building was constructed with state-of-the-art green building practices and achieved the following benefits: • 48.9% reduction in water use with low-flow plumbing fixtures • Energy-efficient light fixtures, occupant sensors, high-efficiency HVAC systems, roof mounted up-blast exhaust fans and wall louvers account for a 50.2% more energy efficient performance over a typical industrial buildings • 33.88% of the materials used on the project were composed of pre-consumer and post-consumer recycled content • 77.2% of the construction waste was diverted from landfills (recycled) by sorting the materials and sending them to the appropriate recycling centers • 55.13% of the construction materials were extracted, processed or manufactured within 500 miles of the project site, helping bolster the local economy • Each area of …
TEJON RANCH, CALIF. — Tejon Ranch Co. and Rockefeller Group Development Corp. have broken ground for the construction of a second building at Tejon Industrial Complex, a 1,450-acre master-planned commercial development in Tejon Ranch. Part of the park’s 39-acre The Campus section, the 120,000-square-foot building is designed to serve the needs of manufacturers and smaller warehouse operators. Designed by Irvine, Calif.-based HPA, the facility is scheduled for completion by September 2008. Additionally, the partnership is currently constructing a 606,000-square-foot warehouse building on the site, which is set for completion in January 2008.