WICHITA, KAN. — Newmark Grubb Knight Frank (NGKF) has brokered the $11.5 million sale of The Epic Center Office Tower tower in Wichita. The building is 325 feet tall and has been the tallest building in the state since it was constructed in 1987. Ruffin Epic LLC purchased the 298,154-square-foot building from BACM 2005-3 Woodlawn LLC. The facility sits on 3.3 acres and is located at 301 N. Main St. Tenants at the office tower include the FBI, Secret Service, U.S. Attorney, Hinkle Law Firm, AGH and Viega NA Inc. Chris Wilkinson, Michael VanBuskirk and Chris Robertson of NGKF represented the seller in the transaction.
PALOS HEIGHTS, ILL. — Adelphia Properties has brokered the $1.6 million sale of a retail property located in Palos Heights, approximately 25 miles southwest of Chicago. The property is fully leased to tenants including Lou Malnati’s, Great Clips, Jersey Mike’s Subs and Forever Yogurt. The 5,545-square-foot retail center, located at 12801 S. Harlem Ave., was redeveloped in 2014. Simeon Spirrison of Adelphia Properties represented the buyer, a private non-1031 investor. The seller is also undisclosed.
CHICAGO — CBRE has arranged two retail leases in Chicago totaling 12,367 square feet. In the first deal, Windy City Restaurant Management LLC leased 4,928 square feet of space from The University of Illinois. The tenant plans to open a Bar Louie. The restaurant is located on Maxwell Street and will be the 14th Bar Louie location in Chicagoland. Randy Guse and Jessica Janes of Emerging Concepts represented Windy City in the transaction. In the second lease, OHM has leased 7,439 square feet from The University of Illinois to open two more restaurants — the Bracket Room and Good Stuff Eatery. Yolanda Valle represented the owner in both transactions.
MILWAUKEE — Siegel-Gallagher has arranged a 3,511-square-foot office lease in Milwaukee. Titus Talent Strategies will be occupying space at the Renaissance Building, which is located at 309 N. Water St. DOC-309 Renaissance LLC is the landlord. Dan Walsh and John Dulmes of Siegel-Gallagher brokered the transaction.
GRAND RAPIDS, MICH — Signature Associates has brokered the sale of a 3,336-square-foot office building in Grand Rapids for an undisclosed price. Tadow Inc. sold the property to 1168 Lonia LLC. Jeffery Tucker of Signature Associates represented the seller in the transaction. Space within the office building, located at 1168 Lonia Ave. NW, is still available for lease.
MISSOURI CITY, TEXAS — Colliers International has arranged four office leases at the Rotunda Building located at 5819 Highway 6 in Missouri City. Texas Children’s Hospital signed a new lease for 4,857 square feet, and Traci Holman and Jason Baker of Baker Katz represented the tenant. The Speech and Learning Center renewed its lease and expanded to 1,972 square feet and Transact NAP renewed and expanded to 3,796 square feet. Trivesta signed a new lease for 2,660 square feet on the first floor. Barkley Peschel of Colliers International represented the landlord, Rotunda, in all of the lease transactions.
RICHARDSON, TEXAS — The first three office towers at KDC’s CityLine development have achieved LEED Gold certification from the U.S. Green Building Council (USGBC). KDC is developing CityLine, a 186-acre mixed-use development in Richardson. State Farm is leasing 1.5 million square feet in buildings One, Two and Three CityLine. LEED is a green building certification program led by the USGBC that recognizes best-in-class building strategies and practices. A third-party verification process is used to determine that a building has been designed and built using strategies aimed at improving overall performance. To receive LEED Gold certification, the three office towers were evaluated in six areas: sustainable sites, water efficiency, energy and atmosphere, indoor environmental quality, regional priority and innovation in design. Phase II of construction, which includes the fourth State Farm office tower at CityLine, began in July 2014, with completion slated for mid-2016. It consists of a 12-story office tower situated above a five-level parking structure with 30,000 square feet of ground-floor retail. The tower is located on the northeast corner of State Street and Plano Road, directly across Plano Road from the other three towers leased by State Farm.
LAREDO, TEXAS — Marcus & Millichap has arranged the sale of Wells Fargo Laredo Heights, a 4,857-square-foot net-leased property located in Laredo. Blake Burnett of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, an individual/personal trust. Burnett also procured the buyer, an individual/personal trust. Wells Fargo Laredo Heights is located at 1220 Guadalupe St. and was built in 1989. According to the seller, the original lease commenced in 2002 and Wells Fargo recently signed a five-year extension.
FORT WORTH, TEXAS — Cushman & Wakefield has completed the sale of a 468-acre tract of land along the Chisholm Trail Parkway in southwest Fort Worth. Provident Realty Advisors, a privately held real estate and investment firm, purchased the property, commonly known as the Pate Ranch. The Cushman & Wakefield team of Chris Harden, Tom Salanty, Kyle Vinson and Kristopher Von Hohn represented the seller. The property, located south of Altamesa between Bryant Irvin Road on the west and the $1.4 billion Chisholm Trail Parkway on the east, has over a mile of commercial frontage along the 27.6-mile toll road, which extends from downtown Fort Worth south to Cleburne. The property is located near the Hulen Mall retail district and Texas Health Harris Methodist Hospital Southwest Fort Worth.
BOSTON — Hodges Ward Elliott has negotiated the sale of the Godfrey Hotel Boston, a luxury boutique hotel located in Boston. Union Investments acquired the 242-room hotel for an undisclosed price. Located at 505 Washington St., the hotel, which is currently under construction, is slated to open in January 2016. The hotel will feature a chef-driven restaurant, local coffee house, lobby bar, 24-hour fitness center, complimentary WiFi, and digital technology. Oxford Hotels and Resorts, an affiliate of Oxford Capital Group, will operate the hotel on behalf of the new owner.