California
Anaheim- Accurate Metal Fabricators (AMF) is relocating its corporate office. The custom fabrication company leased the entire 153,320-square-foot warehouse at 3340 E La Palma Ave. in Anaheim, CA.
San Francisco-Legal Match subleased 15,000 square feet of the top floor of 395 Oyster Point Blvd. in South San Francisco, CA ,from Oncology Therapeutics Network, which occupies the remainder of the fifth floor. The sublease term extends through 2014. The five-story, 234,479-square-foot, Class A office at 395 Oyster Point is in the Oyster Point Marina Plaza, and has achieved the Energy Star rating for the past three years. Brian Beswick and Alex Wilson of CB Richard Ellis represented Oncology Therapeutics, while Studley represented Legal Match.
District of Columbia
Washington- Akridge signed Sutherland Asbill & Brennan LLP to a 15-year, 156,676-square-foot office lease at its new 300,000-square-foot office property in Washington, DC’s East End submarket. Sutherland, a law practice with nearly 500 attorneys in five major markets, will occupy floors five to 10 in the 12-story building at 700 Sixth St. NW. Move in is planned for Jan. 1, 2013.
The law firm will relocate from three area offices including its biggest space at Willco Construction’s 216,900-square-foot, 13-story building at 1275 Pennsylvania Ave. NW. Sutherland currently occupies about 105,000 square feet with a lease expiration in three years.
Washington- Also at 700 6th St., Becton, Dickinson and Co. inked a new 10-year deal for 5,200 square feet on the fourth floor.
Florida
Fort Lauderdale- Franklin Templeton Investments leased 80,448 square feet at 300 Las Olas Place in Fort Lauderdale, FL. Developer and owner Stiles Realty signed the global investment management firm to a 10-year term. Franklin intends to move all of its 350 local employees to the building. The 10-story, 100,000-square-foot office building recently received LEED Gold certification for its operating efficiency.
Tampa Bay- Also in the Tampa Bay region, Metromont Corp. has begun construction on 50,000-square-foot pre-cast/pre-stressed concrete manufacturing plant on an 80-acre site in Polk County. Headquartered in Greenville, SC, the company estimates it will create 100 high wage jobs over a three year period with a capital investment in Polk County of $6 - $8 million
Georgia
Alpharetta-ICx Tactical Platforms, a company that manufactures unmanned and manned surveillance and deterrence towers, leased 50,746 square feet at Shiloh 400 Business Center at 5940 Cabot Parkway in Alpharetta, GA. The transaction reflected a consolidation and expansion out of two buildings in Forest Park for its research, development and production operations. ICx is expected to bring 50 to 60 jobs to Forsyth County. Built in 2008, the industrial property is 80,704 square feet on 5.5 acres.
Duluth- NCR Corp. signed a 10-year lease for 45,347 square feet at 3095 Satellite Blvd. in Duluth, GA. The six-story office building totals 133,838 square feet at the Satellite Place office park. NCR's lease includes the entire second and third floors. John Ferguson and John Shlesinger of CB Richard Ellis represented NCR.
New Jersey
Princeton- Axis Insurance Co. signed for 26,600 square feet at 1 University Square Drive in Princeton, NJ. The insurance provider expects to take occupancy in second quarter 2010. The five-story, 316,000-square-foot office building is in the Princeton South submarket and was built in 2007. Ward Greer of FirstService Williams represented the landlord, RXR. Mario Chiarella and Mark Fowler of Weichert Commercial Brokerage Inc., along with Jimmy Sanders and Mitch Kahlert of ICON Commercial Interests, represented the tenant.
Warren- NicOx is moving its U.S. headquarters to 20 Independence Blvd. in Warren, NJ. The French pharmaceutical company is doubling its office space, taking 12,000 square feet. The drug is currently under review and is expected to receive approval by mid-2010. The four-story, 120,000-square-foot office building was constructed in 1984 on about 10 acres. Normany Real Estate Partners. Andrew Tarvin of FirstService Williams represented NicOx in this transaction.
Pennsylvania
Philadelphia- Drexel University has selected Turner Construction to head construction of a 138,000-square-foot science building on the university's main campus in Philadelphia.
The Constantine Papadakis Integrated Sciences Building will house 39 research and teaching laboratories for bio-medical engineering, biology and chemistry and a fossil preparation lab when it's completed in June 2011. The $49.7 million integrated sciences building will also feature a five-story atrium and a "biowall" -- a natural air filter that removes volatile organic compounds (VOCs) and CO2 from the air -- the first of its kind at a U.S. university.
South Carolina
Greer- Green Investors One LLC acquired 12 acres on the corner of Brushy Creek Road and Suber Road in Greer, SC, from Enigma Corp. for $675,000, or about $57,100 per acre. A portion of the land has been leased to Classy Kids Child Care, which plans to build a 10,000-square-foot facility, which is expected to open for business by July. After-school program
Greer- TweenScene Inc. leased an additional part of the land, with a 4,000-square-foot building also planned for a July opening. Other pads are available for purchase, sale or build-to-suit. Bobby Hines and Zach Hines of Langston-Black Real Estate's Greenville office represented the buyer in the sale, as well as both tenants in the leases of the pad sites. Richard Phipps and Laura McCulloch of The Spinx Co. represented the seller.
Texas
Houston- LOGIX Communications is relocating its corporate headquarters, signing for 36,710 square feet at Brookhollow Central III in Houston. The 300,616-square-foot, 12-story office building at 2950 N. Loop Freeway W. was built in 1981 and is 95 percent leased. It is part of the three-building, 800,000-square-foot Brookhollow Central business campus. Brad Marnitz of NAI Houston represented LOGIX.
Westlake- Deloitte LLP has awarded Turner Construction Co. a $130 million contract to provide construction services for a 712,000-square-foot "Deloitte University" learning and leadership development center in Westlake, TX.
The facility, being built on a 107-acre property and slated for completion in 2011, will seek a LEED Gold Certification from the U.S. Green Building Council. The facility will serve as a central destination for new hires to senior leadership at the accounting giant to convene for learning and leadership development. The campus will feature 800 guest rooms, multiple conference spaces and 35 classrooms that will host thought leadership events by Deloitte Research and Deloitte Industry Centers and sessions with professors from nationally accredited universities and colleges.
The facility will also serve as a place where Deloitte personnel can connect with mentors and colleagues. The facility will also feature dining venues, a ballroom, a business center, recreational facilities and a fitness center
Virginia
Virginia Beach- Virginia Natural Gas preleased a 32,500-square-foot building at Lakeview Corporate Park in Virginia Beach, VA, for 15 years. Developer Armada Hoffler has already begun construction on the two-story property near Independence Boulevard and Interstate 264. Delivery is scheduled for third quarter of this year. Virginia Natural Gas plans to consolidate two locations in Norfolk and move its headquarters to the new Virginia Beach industrial building by next year. Ken Benassi from CB Richard Ellis and Deborah Stearns from Harvey Lindsay Commercial Real Estate jointly represented Virginia Natural Gas.
Wednesday, January 20, 2010
Monday, January 11, 2010
New O & I Leads For Week of 1-11-10
Arizona
Phoenix- The Hearing Office for Social Security Administration has leased 16,623 square feet of office space at 18444 N. 25th Ave. in Phoenix for 15 years. The government agency plans to occupy the space in June. The four-story, 160,000-square-foot office building delivered in 1982 in the Deer Valley/Airport submarket. Farmers Insurance Group occupies the rest of the building. Ashley Brooks, James Bayless and Kelley Morrison of CB Richard Ellis represented the landlord, WCR Phoenix One LLC.
Phoenix- Polsinelli Shughart PC signed a 10-year lease deal for 45,000 square feet at the CityScape building in Phoenix. The law firm is taking occupancy of the 17th and 18th floors in June of 2010. It is the fifth law firm to sign on with CityScape. The 27-story office tower building at 1 E. Washington St. is in the heart of downtown Phoenix, across from the Phelps Dodge Corp. building. Currently under construction, the building is due to deliver in March 2010. Jerry Roberts, Corey Hawley and Jim Fijan of CB Richard Ellis represented the landlord, RED Development.
California
San Diego- Grant Thornton LLP leased 10,544 square feet at 12220 El Camino Real in San Diego. The accounting firm signed a 10-year deal, valued at $4.2 million. The four-story, 56,552-square-foot office building was constructed in 1998. Grant Thornton will occupy a portion of the third floor. The property is part of the Executive Center Del Mar, a two-building office park in the Del Mar Heights/Carmel Valley submarket. Joe Anderson, Dave Odmark and Rick Reeder of Grubb & Ellis|BRE Commercial represented the landlord, Prudential Real Estate Investors. Mike Macie of Cushman & Wakefield represented the tenant.
Connecticut
New Haven- LeClair Ryan signed an 11-year lease to occupy 13,881 square feet at 545 Long Wharf Drive in New Haven, CT. Located in the Long Wharf Maritime Center, the 275,000-square-foot, nine-story office building was built in 1988. Robert Motley and Evan O'Brien of Cushman & Wakefield represented the landlord, New Boston Fund Inc. James Ritman and Daniel Levine of Newmark Knight Frank represented the tenant.
District of Columbia
Washington, DC-Akridge signed Sutherland Asbill & Brennan LLP to a 15-year, 156,676-square-foot office lease at its new 300,000-square-foot office property in Washington, DC’s East End submarket. Sutherland, a law practice with nearly 500 attorneys in five major markets, will occupy floors five to 10 in the 12-story building at 700 Sixth St. NW. Move in is planned for Jan. 1, 2013.
The law firm will relocate from three area offices including its biggest space at Willco Construction’s 216,900-square-foot, 13-story building at 1275 Pennsylvania Ave. NW. Sutherland currently occupies about 105,000 square feet with a lease expiration in three years.
Florida
Boca Raton- Schmier & Feurring Properties Inc. broke ground on its new LEED registered office building in Boca Raton, FL. The three-story, 32,000-square-foot office building at 2200 Butts Road will be the new headquarters of Schmier & Feurring and will serve as a regional office for its partner, Victory Wholesale Group. Delivery is expected in Fall 2010.
Jacksonville- Jacksonville-based Orange Tree Hot Dogs was founded in 1968. Today, under its third generation of family ownership, the company estimates it sells more than 1 million hot dogs each year.
The company began franchising in 2007 when it had two restaurants in Jacksonville. Since, the company has seen the opening of nine new restaurants in the Jacksonville area. Later this month, however, the first Orange Tree Hot Dogs location outside of Jacksonville is set to open at the University of Florida in Gainesville. New restaurants in St. Augustine, Orlando and Atlanta are on the schedule to open this year as well. The company has penciled in a general plan to open five new restaurants annually. Locations in Daytona, Tallahassee, Ocala and Tampa are expected to come first, followed by eventual expansion throughout the southeast.
Illinois
Chicago- Redbox Automated Retail has renewed its headquarters lease in the Oakbrook Terrace Tower, just west of Chicago. The DVD rental kiosk owner signed an 11-year deal with GE Capital Real Estate for nearly 137,000 square feet.
Slated to commence in August, the lease is comprised of 112,370 square feet in the office tower, plus 24,555 square feet of new space in the annex. Redbox is due to pay $28 million over the course of the lease, plus taxes and construction/operating costs. Additional terms include options to extend the lease for five years and/or rent additional space in the building. Redbox can also cancel the lease after the sixth year of the term.
Indiana
Indianapolis- Defender Direct Inc., a technology distributor and service provider, signed a five-year lease for 23,066 square feet at 3939 Priority Way South Drive in Indianapolis. The four-story, 84,178-square-foot office building was built in 1985 in The Precedent Office Park in the Keystone Crossing submarket. Rick Trimpe of CB Richard Ellis represented the owner, HDG Mansur Investment Services LLC. Scott Lindenberg and Ronald Foster of Echelon Realty Advisors represented Defender Direct Inc.
Maryland
Baltimore- RSM McGladrey Inc., a consulting and wealth management firm, signed a 38,803-square-foot sublease at the new Legg Mason Tower at 100 International Drive in Baltimore, MD. The tenant will relocate to the 13th and 16th floors at the new Harbor East location from its current Timonium location this summer. The 24-story, 590,109-square-foot, Class A office building is in the Baltimore Southeast submarket. Douglas Brinkley and Walter Pinkard of Colliers Pinkard represented the sublandlord, Legg Mason. L. Bruce Matthai of Colliers Pinkard represented RSM McGladrey
Texas
Austin- US Screen Corp., a company that specializes in projection screen technology, leased 22,206 square feet in the industrial building at 2105 Denton Drive in Austin. The 22,206-square-foot industrial building was constructed in 1982 and is part of the Rutland Center. It is in the North Industrial submarket. Daniel Farrar of Stream Realty Partners represented the landlord, PS Business Parks Inc. Su Kosub of Grubb & Ellis represented the tenant.
Washington
Lacey- Skookum signed a five-year lease for 301,000 square feet at the First Park Meridian industrial campus in Lacey, WA. The organization, which helps create jobs for people with disabilities, took all of buildings D & E at 130,500 square feet each and 40,000 square feet in building F. Skookum is providing services to defense contractor Agility Logistics. The buildings, located at 9107, 9107 and 9225 Polaris Lane N.E., delivered in late 2008 and early 2009. Vanessa Herzog and Todd Clarke of GVA Kidder Mathews in Tacoma represented the landlord, First Industrial Reality Trust Inc. Eamon McCrann of Lincoln Property Co. in Arlington, VA, represented the tenant.
Phoenix- The Hearing Office for Social Security Administration has leased 16,623 square feet of office space at 18444 N. 25th Ave. in Phoenix for 15 years. The government agency plans to occupy the space in June. The four-story, 160,000-square-foot office building delivered in 1982 in the Deer Valley/Airport submarket. Farmers Insurance Group occupies the rest of the building. Ashley Brooks, James Bayless and Kelley Morrison of CB Richard Ellis represented the landlord, WCR Phoenix One LLC.
Phoenix- Polsinelli Shughart PC signed a 10-year lease deal for 45,000 square feet at the CityScape building in Phoenix. The law firm is taking occupancy of the 17th and 18th floors in June of 2010. It is the fifth law firm to sign on with CityScape. The 27-story office tower building at 1 E. Washington St. is in the heart of downtown Phoenix, across from the Phelps Dodge Corp. building. Currently under construction, the building is due to deliver in March 2010. Jerry Roberts, Corey Hawley and Jim Fijan of CB Richard Ellis represented the landlord, RED Development.
California
San Diego- Grant Thornton LLP leased 10,544 square feet at 12220 El Camino Real in San Diego. The accounting firm signed a 10-year deal, valued at $4.2 million. The four-story, 56,552-square-foot office building was constructed in 1998. Grant Thornton will occupy a portion of the third floor. The property is part of the Executive Center Del Mar, a two-building office park in the Del Mar Heights/Carmel Valley submarket. Joe Anderson, Dave Odmark and Rick Reeder of Grubb & Ellis|BRE Commercial represented the landlord, Prudential Real Estate Investors. Mike Macie of Cushman & Wakefield represented the tenant.
Connecticut
New Haven- LeClair Ryan signed an 11-year lease to occupy 13,881 square feet at 545 Long Wharf Drive in New Haven, CT. Located in the Long Wharf Maritime Center, the 275,000-square-foot, nine-story office building was built in 1988. Robert Motley and Evan O'Brien of Cushman & Wakefield represented the landlord, New Boston Fund Inc. James Ritman and Daniel Levine of Newmark Knight Frank represented the tenant.
District of Columbia
Washington, DC-Akridge signed Sutherland Asbill & Brennan LLP to a 15-year, 156,676-square-foot office lease at its new 300,000-square-foot office property in Washington, DC’s East End submarket. Sutherland, a law practice with nearly 500 attorneys in five major markets, will occupy floors five to 10 in the 12-story building at 700 Sixth St. NW. Move in is planned for Jan. 1, 2013.
The law firm will relocate from three area offices including its biggest space at Willco Construction’s 216,900-square-foot, 13-story building at 1275 Pennsylvania Ave. NW. Sutherland currently occupies about 105,000 square feet with a lease expiration in three years.
Florida
Boca Raton- Schmier & Feurring Properties Inc. broke ground on its new LEED registered office building in Boca Raton, FL. The three-story, 32,000-square-foot office building at 2200 Butts Road will be the new headquarters of Schmier & Feurring and will serve as a regional office for its partner, Victory Wholesale Group. Delivery is expected in Fall 2010.
Jacksonville- Jacksonville-based Orange Tree Hot Dogs was founded in 1968. Today, under its third generation of family ownership, the company estimates it sells more than 1 million hot dogs each year.
The company began franchising in 2007 when it had two restaurants in Jacksonville. Since, the company has seen the opening of nine new restaurants in the Jacksonville area. Later this month, however, the first Orange Tree Hot Dogs location outside of Jacksonville is set to open at the University of Florida in Gainesville. New restaurants in St. Augustine, Orlando and Atlanta are on the schedule to open this year as well. The company has penciled in a general plan to open five new restaurants annually. Locations in Daytona, Tallahassee, Ocala and Tampa are expected to come first, followed by eventual expansion throughout the southeast.
Illinois
Chicago- Redbox Automated Retail has renewed its headquarters lease in the Oakbrook Terrace Tower, just west of Chicago. The DVD rental kiosk owner signed an 11-year deal with GE Capital Real Estate for nearly 137,000 square feet.
Slated to commence in August, the lease is comprised of 112,370 square feet in the office tower, plus 24,555 square feet of new space in the annex. Redbox is due to pay $28 million over the course of the lease, plus taxes and construction/operating costs. Additional terms include options to extend the lease for five years and/or rent additional space in the building. Redbox can also cancel the lease after the sixth year of the term.
Indiana
Indianapolis- Defender Direct Inc., a technology distributor and service provider, signed a five-year lease for 23,066 square feet at 3939 Priority Way South Drive in Indianapolis. The four-story, 84,178-square-foot office building was built in 1985 in The Precedent Office Park in the Keystone Crossing submarket. Rick Trimpe of CB Richard Ellis represented the owner, HDG Mansur Investment Services LLC. Scott Lindenberg and Ronald Foster of Echelon Realty Advisors represented Defender Direct Inc.
Maryland
Baltimore- RSM McGladrey Inc., a consulting and wealth management firm, signed a 38,803-square-foot sublease at the new Legg Mason Tower at 100 International Drive in Baltimore, MD. The tenant will relocate to the 13th and 16th floors at the new Harbor East location from its current Timonium location this summer. The 24-story, 590,109-square-foot, Class A office building is in the Baltimore Southeast submarket. Douglas Brinkley and Walter Pinkard of Colliers Pinkard represented the sublandlord, Legg Mason. L. Bruce Matthai of Colliers Pinkard represented RSM McGladrey
Texas
Austin- US Screen Corp., a company that specializes in projection screen technology, leased 22,206 square feet in the industrial building at 2105 Denton Drive in Austin. The 22,206-square-foot industrial building was constructed in 1982 and is part of the Rutland Center. It is in the North Industrial submarket. Daniel Farrar of Stream Realty Partners represented the landlord, PS Business Parks Inc. Su Kosub of Grubb & Ellis represented the tenant.
Washington
Lacey- Skookum signed a five-year lease for 301,000 square feet at the First Park Meridian industrial campus in Lacey, WA. The organization, which helps create jobs for people with disabilities, took all of buildings D & E at 130,500 square feet each and 40,000 square feet in building F. Skookum is providing services to defense contractor Agility Logistics. The buildings, located at 9107, 9107 and 9225 Polaris Lane N.E., delivered in late 2008 and early 2009. Vanessa Herzog and Todd Clarke of GVA Kidder Mathews in Tacoma represented the landlord, First Industrial Reality Trust Inc. Eamon McCrann of Lincoln Property Co. in Arlington, VA, represented the tenant.
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