property type: Office
Venture Buys 300,000-SF Office Building in Downtown Tampa
A venture between Cypress Creek Capital and GoldenTree InSite Partners has acquired 501 East Kennedy Blvd., a 300,000-square-foot office building in downtown Tampa Bay. Cypress Creek of Fort Lauderdale, Fla., and GoldenTree of New York bought the 19-story property from ...
GE Venture Pays $58Mln for 2 San Diego-Area Offices
GE Real Estate's North American Equity division has teamed up with The Muller Co. to acquire a pair of office properties with 204,844 square feet in suburban San Diego for a combined $58 million.The venture has purchased Pinnacle Executive Centre, ...
Arden to Pay $2.15Bln for CarrAmerica West Portfolio
The Los Angeles affiliate of GE Real Estate is buying the portfolio on a cash basis and has no need for bridge financing. It will evaluate the 106 buildings in the portfolio to determine what to sell. The acquisition has ...
Joss Realty Partners Pays $48Mln for Manhattan Office Building
Real DealJoss Realty Partners has acquired a class-B office building at 229 W. 28th St. in Manhattan for $48 million. The seller, a venture of AEW Capital Management and Colliers ABR Investors, acquired the 156,000-square-foot building in 2005 for $35 ...
Aegon Agrees to Lease 90,000-SF in Suburban Philadelphia
Philadelphia Business JournalAegon has leased a 90,000-square-foot office building in Exton, Pa., that was recently built speculatively by J. Loews & Associates. The deal bodes well for a suburban Philadelphia office market where other spec development is under way by ...
Seligman Western Pays $92Mln for Houston’s Esperson Buildings
Seligman Western has paid roughly $92 million for the Esperson Buildings, a two-building office complex with 599,107 square feet in Houston. A venture led by Amstar Group and Cameron Management sold the property through CB Richard Ellis.
Hines’ Core Fund Buys Another Office Building in Charlotte
Hines Sumisei U.S. Core Office Fund has agreed to pay about $140 million for the Carillon building, a 469,226-square-foot office property in Charlotte, N.C. The fund, which is part owned by Hines REIT of Houston, is buying the 24-story building ...
Sarasota Office Building Sells for $15.7Mln
Tampa Bay Business JournalOsprey SA has purchased the Sarasota Commerce Center I, an 81,118-square-foot office building in suburban Tampa Bay for $15.7 million. The property at 100 Arthur Andersen Parkway in Sarasota, Fla., was sold by DA Commerce Center LLC, ...
Venture Plans 1.78 Mln-SF Office Project for Herndon, Va.
Washington Business JournalA joint venture led by Penzance Cos. of Washington has proposed a 1.78 million-square-foot office development in Herndon, Va. The venture, which also includes B.M. Associates of Arlington, Va., plans to develop the space over the next ten ...
Bear Lends $59.9Mln for Va. Office
Bear Stearns has provided $59.9 million of fixed-rate financing for Worldgate Plaza, a 322,325-square-foot office complex in Herndon, Va.The loan requires only interest payments through its 2017 maturity and carries a rate of 5.52 percent. The four-building property is owned ...
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