New O & I Leads-Week of 12/1/09

Following are some O & I leads outside the NY market I came across this week. We need to pursue all business opportunities out there these days. I will be providing these types of leads weekly so make sure you review the list for a lead in your market. Good luck!

California- San Mateo, CA
American Institutes for Research leased 24,467 square feet in Peninsula Office Park, Building 3 in San Mateo, CA. Move-in is scheduled for next March. The two-story office structure at 2800 Campus Drive was built in 1974 and is one of nine buildings within the Peninsula Office Park. Bill Kurfess of Grubb & Ellis and Alan Guterman of Commercial Property Services represented the tenant. Ben Paul, John Barsocchini and Pat Yaeger of NAI BT Commercial represented the landlord, The Blackstone Group. (By: Lauren Greenwald)

California- Hollywood, CA
Pilgrim Films, a television production company, leased 36,877 square feet of office space at 12020 Chandler Blvd. in North Hollywood, CA. The 65-month deal is the largest lease transaction for a relocating tenant in Tri-Cities so far this year. The four-story office building measures 126,151 square feet and is part of Valley Corporate Center. Steve Salas, Joe King and Bob Safai of Madison Partners represented Pilgrim Films & Television. Nico Vilgiate, Todd Doney and John Murray of CB Richard Ellis represented the landlord, Chandler Corners LLC.


California- Fremont, CA
WaferGen Bio Systems Inc. signed a 66-month lease for 19,186 square feet at 34781 Campus Drive in Fremont, CA. The genotyping, stem cell and cell biology research company will move into PDL Biopharma Building A, a 48,240-square-foot, Class B flex building that is part of Ardenwood Research Center. Rico Cheung and Gregg Domanico of GVA in Redwood City represented the tenant. Mary Hines, Jennifer Berrueta, Rico Cheung of the same office and Chris Rowe of GVA in Santa Clara represented the landlord, LBA Realty.

California- Santa Clara, CA
Harris Stratex Networks inked a 10-year lease for the 128,500-square-foot office building at 5200 Great America Parkway in Santa Clara, CA. The broadband technology developer is relocating 300 employees from San Jose in May 2010.

The two-story office building is part of the Great America Place business park in Silicon Valley. DJM Capital acquired the three-building, 224,000-square-foot campus in 2007 for $42.7 million, according to CoStar information. The investment firm completed an extensive renovation of 5200 Great America last year, and is working with Harris Stratex to reposition the building for LEED certification.

"Our new Santa Clara office building has been designed to both consolidate and expand our specific operational needs as well as provide for future growth," said Harald Braun, president and CEO of Harris Stratex. According to Braun, Harris Stratex required a facility that would reduce its carbon footprint through the use of alternative energy. Additionally, the building's Golden Triangle location factored into the company's decision, he said.

Marty Morici of Colliers International represented Harris Stratex. Duffy D’Angelo, also of Colliers International, represented DJM.

Florida- Miami, FL
Virginia-based Cambridge Development Group will build a $47 million regional testing laboratory for the U.S. Drug Enforcement Administration in Miami, FL.

DEA South Fl. LLC, a joint venture of Galaxy Investments and Halle Enterprises, closed on its purchase of 9 acres in the Beacon Lakes Business Park and construction financing for the 57,055-square-foot facility. The JV hired Herndon-VA based Cambridge Development to provide development services for the project.

Cambridge previously built the special testing laboratory for the DEA near Washington Dulles International Airport in 2001. Cambridge has completed six special-purpose build-to-suit facilities in the last eight years for the General Services Administration, which oversees and manages thousands of buildings for the federal government.

Following 17 months of negotiations, design and permitting, Cambridge plans to break ground in February, with completion expected in mid-2011. The building, held by the GSA under a 20-year lease, will be an analytical testing laboratory, one of nine regional labs operated by the DEA around the country.

Florida- Orlando, FL
Coleman Technologies has signed a 28,084-square-foot lease with Duke Realty Corp. at Millenia Lakes III. The aerospace systems engineering company is relocating its headquarters from downtown Orlando in spring 2010. Located at 5337 Millenia Lakes Blvd., Millenia Lakes III is a 107,204-square-foot Class A building developed by Duke in 2007. Coleman Technologies is taking the entire third floor at the property. Tim Perry represented owner Duke, in-house. Chris Sproles of CB Richard Ellis represented Coleman Technologies in the deal.

Florida- Jacksonville, FL
Comcast of Greater Florida/Georgia Inc. signed a 106,253-square-foot office lease that will move its Jacksonville, FL, headquarters to Deerwood North business park. The cable, entertainment and information products company will occupy 80 percent of the building at 4600 Touchton Road for the next 11 years. Move in is scheduled for next year. Comcast will relocate from 6805 Southpoint Parkway. Flagler owns 4600 Touchton, a five-story, 135,283-square-foot property. It is one of four buildings at the 500,000-square-foot Deerwood North development. Ross Carrier with Flagler was the landlord's in-house representative. David Fahey of Binswanger represented the Comcast.


Georgia- Atlanta, GA
Goodman, McGuffey, Lindsey & Johnson LLP signed a long-term lease to renew and expand its office space at Tower Place 100 in Atlanta. The law firm will occupy 21,120 square feet. The tenant has been in the building for 15 years and its current lease does not expire until September 2012.


Illinois- Chicago, IL
RTC Inc. signed a 12-year, 503,200-square-foot lease with Duke Realty Corp. at Crossroads V in Romeoville, IL. The global retail marketer and product display manufacturer will relocate 3101 Kedzie Ave. in Chicago. Move in is expected by next spring.

Duke Realty developed Crossroads V at 801 N. Schmidt Road in March of this year. The Class A industrial building features 30-foot clear heights, 48 docks, four 12-foot by 14-foot drive-in doors, 110 parking spaces and 71 trailer parking spaces.

CB Richard Ellis’ Bill Frain, Todd Lippman, Jim Whalen and David Prell represented RTC. CB Richard Ellis’ Larry Johnson and Mike Mangan were the listing brokers for the property. Susan Bergdoll of Duke Realty negotiated on behalf of ownership

Maryland- Baltimore, MD
Computer Donation Management Inc. signed a 100,700-square-foot lease at 500 N. Point Road in Baltimore, MD.

The single-story, 100,700-square-foot, Class C industrial building was built in 1995 and is in the Baltimore southeast industrial submarket. The property includes six loading docks and has a clear height of 18 feet.

CDM is a Maryland corporation that recycles and reuses obsolete computer and electronic equipment. The company will move from 1601 Wicomico St. to the new location in the first quarter of next year.

Robert Millhauser, SIOR and Tim Jackson of Cushman & Wakefield Inc. represented CDM. Justin Mohler, Toby Mink, William Pellington and Adam Weidner of CB Richard Ellis represented the landlord, Black Equities Group.

Missouri- St. Louis, MO
Developers have secured financing for construction of the $100 million National Archives and Records Administration federal personnel records center in St. Louis, MO. The 474,690-square-foot records center, which will retain 800 jobs in the region, "is just months away" from breaking ground, with the first phase slated for completion in May 2011.

The U.S. General Services Administration (GSA) 15 months ago awarded the contract to secure 23.5 acres of land at 1829 Dunn Road for the construction of the National Personnel Records Center, which will be the largest national archives facility outside of greater Washington, D.C., with a central repository of personnel-related records for both military and civil service employees.

Despite the tight environment for commercial lending for large-scale projects, Barry Real Estate Cos. was able to bring in Las Vegas-based Molasky Group to secure the project financing, according to the St. Louis County Economic Council. The project will be built by a joint venture of Hardin Construction Company of Atlanta, GA and St. Louis-based Tarlton Corporation and designed by HKS of Dallas, TX.

Most National Archives operations will relocate from the Federal Records Center at 9700 Page Ave. to the new building, which will be located on land previously owned by North County automotive dealer Johnny Londoff. Other local National Archives facilities also will move to the facility.

The facility contains military records of millions of Americans, including Elvis Presley, Presidents John F. Kennedy and Dwight D. Eisenhower, and sports legends Roberto Clemente and Jackie Robinson. It's a repository of records for military veterans, former civilian federal employees, family members, as well as researchers and historians. It handles more that 1 million record requests annually.

Texas- Dallas, TX
CyrusOne, a data center colocation provider, secured $150 million in financing. The company will use the credit facility to expand its seven data centers in Texas, which total 480,000 square feet, including three facilities in Houston, three in Dallas and one in Austin.


Texas- Houston, TX
The Archdiocese of Galveston-Houston has chosen Turner Construction Co.’s Houston office to construct the 18,000-square-foot Our Lady of Lourdes Catholic Church on 20 acres at Highway 290 and Fairbanks North Houston Road in northwest Houston.

The church will be able to accommodate more than 1,200 worshipers upon completion in May 2010. Houston-based Jackson & Ryan Architects has been selected as the project architect.

The church exterior will consist of king-sized brick and a cast-iron trim and will be topped off with three copper shingle spires at the entry towers. The interior finishes will include vaulted ceilings with acoustical soundproofing, glass-fiber reinforced gypsum columns, marble stone and stained red oak wood trim.
Our Lady of Lourdes Catholic Church was established in 1994 and currently serves more than 850 families. It is part of the Archdiocese of Galveston-Houston, the largest Catholic Archdiocese in the state of Texas and the 11th largest in the United States.

Washington, DC
The Federal Energy Regulatory Commission leased 35,000 square feet at 1100 First St. NE in Washington, DC. FERC will occupy the space for 10 years and will relocate from 888 First St. NE. The agency is the first tenant reported for the 11-story, 348,000-square-foot office building. The property delivered in July and is the first building in the NoMa submarket to achieve LEED Gold certification. The U.S. General Services Administration represented FERC, while Evan Behr, Dan Dooley and Scott Franklin represented the owner, Tishman Speyer, in-house.

Washington, DC
The U.S. Department of Agriculture will occupy 330,000 square feet at Patriots Plaza III, a new office property at 355 E St. SW in Washington, DC. The U.S. General Services Administration inked the long-term deal on behalf of the USDA, which is consolidating five locations in the District and northern Virginia. The federal agency will occupy 87 percent of the building, including space on 11 of its 12 floors, starting next month.

Multi-Employer Property Trust owns Patriots Plaza III, a 380,087-square-foot, Class A building that delivered in September as part of Patriots Plaza, a 1 million-square-foot, three-phase office development in the heart of the Southwest submarket. It is walking distance from the National Mall and shares an outdoor plaza with Patriots Plaza I and II. Trammell Crow Co. developed and currently leases the project, while CBRE manages it. Patriots Plaza III is pre-certified LEED® Silver.