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LCG Capital Management Acquires 81,700 SF Office Campus Near St. LouisO’FALLON, ILL. — LCG Capital Management LLC has acquired Colony Square and Williamsburg Center, a seven-building, 81,700-square-foot office campus in O’Fallon near Scott Air Force Base.
Lee & Associates Brokers Sale of 70,497 SF Office Property in Metro ChicagoOAK BROOK, ILL. — Lee & Associates of Illinois has brokered the sale of a 70,497-square-foot office property located at 915 Harger Road in Oak Brook. Tony Russo of Lee & Associates represented the seller, KMMRD Enterprises.
Tourmaline Capital Acquires 376K-SF Dallas Office CampusNewmark arranged the sale and financing of Tollway Plaza, a 376,259-square-foot office campus along the lower tollway at 15950 and 16000 Dallas Parkway in Dallas, Texas.
Representative imageCushman & Wakefield Brokers $17M Sale of Office Building in West Orange, New JerseyWEST ORANGE, N.J. — Cushman & Wakefield has brokered the $17 million sale of a 129,298-square-foot office building in West Orange, about 20 miles west of New York City.
Capital Group Buys 55-Story Corporate Office Headquarters in Downtown Los Angeles for $210MLOS ANGELES — Local fund manager Capital Group has purchased its corporate headquarters, an office tower located at 333 S. Hope St. in downtown Los Angeles, for $210 million. Capital Group has occupied a portion of the 55-story asset since 1978.
Real Capital Solutions Acquires Minneapolis Office Property for $34MMINNEAPOLIS — Real Capital Solutions (RCS) has acquired 3701 Wayzata Boulevard, a 308,681-square-foot office property in the Urban West End neighborhood of Minneapolis, for $34 million.
GSA Tallies $26B Repair Backlog on Federally Owned Office BuildingsAs the Trump administration moves to sell off federal office buildings, the General Services Administration (GSA) has tallied nearly $26 billion in maintenance needs, Bloomberg News reported. The backlog includes 62 buildings that require repairs costing $100 million or more.
Representative imageMarcus & Millichap Brokers $7.1M Sale of Two Long Island Office BuildingsROSLYN, N.Y. — Marcus & Millichap has brokered the $7.1 million sale of two office buildings totaling 28,714 square feet in the Long Island community of Roslyn. The buildings sit on a 1.5-acre site at 200-220 S. Service Road.
Investor Offloads Dunwoody Office Park for $27MGrubb Properties sold the 284,000 square foot Park at Perimeter Center East to Network Realty Partners for $27.15 million. The Atlanta Business Chronicle reports Grubb is moving its Atlanta office from that Dunwoody property to an office it owns at 2400 Lake Park Drive in Smyrna.
Apple Pays $162M for Sunnyvale Offices It Had SubleasedApple has paid $162.2 million for a Sunnyvale office building after signing a sublease for the property last year, the Silicon Valley Business Journal reported. The property at 684 W. Maude Ave.
Shorenstein Picks Up 273K-SF Plano Office CampusShorenstein Properties acquired The Tennyson, a two-building, Class A office campus totaling approximately 273,574 square feet in Plano, Texas. Spear Street Capital was the seller of the property, built in 2012.
Downtown Boston Office Sells for 71% Discount on 2019 PriceAn 11-story office building in downtown Boston has sold for $30 million, representing a 7% discount and a major loss for the owner that paid $103 million in 2019, the Boston Business Journal reported.
Boutique Office and Retail Property Fetches $31M in Flatiron DistrictAtlantic Capital Partners closed the $31-million sale of 893 Broadway, a boutique office and retail building located in Manhattan’s Flatiron District.
Gillett Commercial Eyeing 109K-SF Allen Office/Flex ProjectGillett Commercial is adding to its Allen portfolio. It purchased 6.64 acres of land located along US 75 from the Allen Economic Development Corp. for a 109,000-square-foot project named Allen Place.
Representative imageSkyWalker Buys 73,747 SF Office Building in North Fort WorthFORT WORTH, TEXAS — Local investment firm SkyWalker Property Partners has purchased Alliance Commerce Center, a 73,747-square-foot office building in North Fort Worth. The building is located within AllianceTexas and was 90 percent leased at the time of sale.
Flournoy Acquires Charlotte Parcel, 351-Unit Rental Community on WayCousins is foregoing its plans to build a 17-story office highrise and a 19-story apartment building at West Tremont and Doggett in Charlotte, instead selling the parcel to Flournoy so Flournoy can develop it.
Representative imageBMC Investments Sells 100,000 SF Mixed-Use Property in DenverDENVER — BMC Investments has sold 255 Fillmore, a Class A mixed-use building in Denver’s Cherry Creek neighborhood. A high-net-worth family office acquired the asset for an undisclosed price. Tim Richey of Newmark represented the seller in the deal, while Lincoln Property Co.
Nonprofit Embrace Boston Plans Redevelopment of Two Downtown Crossing PropertiesAvison Young brokered the sale of two adjoining office buildings totaling 34,300 square feet and located at 33-41 West St. in Boston’s Downtown Crossing for $9.55 million. Principals Brandon Dickason and Jeff Gates represented the buyer, Embrace Boston.
City of San Francisco Adds More Than 500K SF to Footprint at Hudson Pacific Office TowerThe City of San Francisco is more than doubling its presence at 1455 Market St., an office tower once home to Uber.
Partnership Acquires 549,170 SF Pinnacle Tower Office Building in North DallasDALLAS — A partnership between Estein USA and Vanderbilt Office Properties has acquired Pinnacle Tower, a 549,170-square-foot office building in North Dallas. The seller was New York Life.