Atlantic Credit and Finance will relocate its offices into 54,000 square feet of space on the first two floors of the building. The move will create more than 115 jobs, and follows the company’s operations expansion strategy.

Time Equities Inc. has signed a 54,000-square-foot office lease at Franklin Plaza in downtown Roanoke, Va. The tenant, Encore Capital Group-owned Atlantic Credit and Finance (ACF), will occupy space on the five-story building’s two floors.

ACF will move its offices from 3353 Orange Ave. NE, and plans to invest more than $4 million to expand its operations. The company, which is one of the city’s major employer’s, is expected to create more than 115 new jobs once the relocation is complete…

A joint venture between TMG Partners and Valley Oak Partners has received re-zoning approval for a commercial development in the heart of the city. The proposed project is designed by Kohn Pedersen Fox Associates.

TMG-VOP Julian LLC, a joint venture between TMG Partners and Valley Oak Partners LLC, has filed a site development permit application to develop a one-million square feet of commercial office space in Downtown San Jose, Calif.

The joint venture’s submission is on the heals of San Jose City Council’s approval on Dec. 12 to rezone the site from “Light and Heavy Industrial” to “Transit Employment Center (TEC).” The preliminary plans were submitted to the City of San Jose for the development of three six-story office buildings with below-grade parking this past June…

The hotel, located in a historic building more than 100 years old, includes 165 guestrooms in the heart of Knoxville’s downtown.

A new 165-key hotel has opened for business in an iconic, century-old building in downtown Knoxville, Tenn. Branded as the Hyatt Place Knoxville/Downtown, the building is owned by Dover Development and operated by White Lodging. Dover Development acquired the asset in 2014 for $3.7 million, according to public records.

Gaw Capital Partners has acquired the 107,875-square-foot asset in the Atwater Village of Los Angeles. JLL worked on behalf of the seller in the transaction.

JLL has arranged the sale of 3030 Studios, a 107,875-square-foot studio campus in Los Angeles. Gaw Capital Partners acquired the building from World Class Capital Group, which launched the firm’s commercial mortgage lending business last February, dubbed World Class Mortgage Capital. JLL worked on behalf of the seller in the transaction.

For the first time in 20 years, office spaces of up to 10,000 square feet on Delmar Boulevard are being offered to businesses. Avison Young is in charge of leasing efforts.

Joe Edwards, a developer of the Delmar Loop in St. Louis, has tapped Avison Young to lease several office spaces, ranging from 600 to 10,000 square feet, on Delmar Boulevard. Layouts as large as 10,000 square feet have not been available for lease in the area for nearly two decades.

The company’s latest acquisition, a nearly 200,000-square-foot rail-served industrial property, sits near the entrance to the San Mateo-Hayward Bridge, enabling convenient access throughout the Bay Area.

CenterPoint Properties has acquired a property consisting of three buildings in the East Bay area. The previous owner, Clawiter Associates LLC, had marketed the asset for sale through a Colliers International team led by Dan Bergen and Richard Sutherland.

Red Tail Acquisitions purchased three single-story assets in Eden Prairie, Minn. The buildings offer office and warehouse space.

CBRE arranged the sale of a three-building, 166,650-square-foot portfolio in Eden Prairie, Minn. The portfolio includes Edenvale Executive Center A & B and Valley Gate North, and represents Red Tail Acquisitions’ second purchase in the Minneapolis market. The properties offer industrial and office space—approximately 83 percent of the entire surface.

Edenvale Executive Center, completed in 1986, is located at 7600-7688 Executive Drive. The 112,332-square foot asset features clear heights of up to 14 feet and five loading docks. Valley Gate North is located at 10025 Valley View Road. It was built in 1985 and bought by the previous owner in 2014 for $3.3 million, according to PropertyShark data. The two buildings are 82 percent occupied…

An HFF team arranged the floating-rate loan with JPMorgan Chase Bank, N.A., on behalf of Moin Development Corp., sponsor of the 190-key luxury property. Proceeds were used to refinance the construction loan.

HFF has arranged a $126.57 million refinancing for the Mondrian Park Avenue, a 190-key, luxury hotel that opened in October in Manhattan’s NoMad neighborhood at 444 Park Ave. South.

The HFF debt replacement team representing the borrower, David Moinian of Moin Development Corp., included Senior Managing Director Evan Pariser and Senior Director KC Patel.

The tenant rep firm netted a contract for 26 industrial and retail properties, spanning from Oregon to New York, for the major supplier of wheelchair-accessible vehicles and equipment.

Cresa has been chosen by United Access, a supplier of wheelchair-accessible vehicles and equipment, to manage its national real estate portfolio of 26 industrial and retail sales and service centers.

The portfolio spans from Oregon to New York, spread across 11 states (Oregon, Utah, Colorado, Arizona, New Mexico, Oklahoma, Texas, Missouri, Kansas, Tennessee and New York)…

Cresa to Manage National United Access Portfolio

The company sold Parkway Center to The Simpson Group after raising its lease level from 54 to 97 percent since acquiring the Marietta, Ga., asset in 2014.

Three years after acquiring Parkway Center in Marietta, Ga., Bridge Office Fund Manager LLC has sold the 460,000-square-foot, Class A office complex. The Simpson Group is the new owner of the suburban Atlanta asset.

An active ending to 2017 precedes big plans in 2018 at Gaedeke Group LLC’s three-property office portfolio in the Uptown/Turtle Creek submarket of Dallas. Gaedeke recently recorded a flurry of lease agreements totaling nearly 40,000 square feet at the premier office high-rises, and now the real estate firm is preparing for renovations at two of the buildings.

The 53,486-square-foot property is located in Farmington Hills, Mich., and features a 21,000-square-foot office component. Friedman Integrated Real Estate Solutions brokered the deal.

International Wheel and Tire owns a new industrial facility in Farmington Hills, Mich. The 53,486-square-foot asset belonged to Korean-based Wooshin North America and features a 21,000-square-foot office component. Friedman Integrated Real Estate Solutions brokered the deal on behalf of the seller.

The portfolio comprises more than 2 million square feet of net leasable space. The data centers have an average occupancy of 97 percent, with Fortune Global 500 and NYSE-/Nasdaq-listed tenants.

A joint venture of Mapletree Investments Pte Ltd. and Mapletree Industrial Trust has formed an unlisted, single-purpose trust, Mapletree Redwood Data Centre Trust (MRDCT), to invest in a 14-asset data center portfolio. Carter Validus Mission Critical REIT sold the properties for approximately $750 million. Per the agreement, Mapletree Investments holds a 60 percent interest in MRDCT, while Mapletree Industrial Trust holds the other 40 percent.

The partners formed a joint venture to acquire a 154-acre site in Lakeland, Fla., where they plan a phased buildout for their spec project, dubbed Key Logistics Center.

The call for premier industrial space is growing louder in South Florida, and a new partnership plans to respond with a 1.4 million-square-foot industrial project in suburban Tampa. PCCP LLC and Blue Steel Development have established a joint venture to acquire a 154-acre site in Lakeland, Fla., on which the partners will develop a 1.4 million-square-foot industrial park.

Crocker Partners has completed the upgrade of the 803,000-square-foot office tower, refurbishing the exterior, transforming the lobby and creating the largest tenant amenity conference center in the downtown market.

Miami’s Citigroup Center is ready for its closeup. Crocker Partners, which acquired the 803,000-square-foot office tower for $262 million in 2012, recently revealed the outcome of its $20 million renovation of the property.

Citigroup Center’s revamp included a facelift, almost literally—Crocker restored the 34-story high-rise’s glass façade. And with the help of architecture firm Richard Meier & Partners, the lobby of the three-decade-old tower at 201 S. Biscayne Dr., was upgraded and the ground-level retail spaces were reinvented…

Boyd Gaming acquired Valley Forge Casino Resort, a 40,000-square-foot casino in King of Prussia. The resort includes 500 hotel rooms, eight restaurants and bars, and more than 100,000 square feet of meeting, convention and exhibit space.

Boyd Gaming Corporation has entered into a definitive agreement to acquire Valley Forge Casino Resort, a 40,000-square foot casino in King of Prussia, Pa., from Valley Forge Convention Center Partners.

“In our industry, Pennsylvania is a pretty important market. It’s the second-largest state in terms of gambling revenues, David Strow, Boyd Gaming Corp.’s vice president of corporate communications, told Commercial Property Executive. “So, the opportunity to enter that market was obviously very important to us.”

Working on behalf of Brack Capital Real Estate and citizenM, general contractor Rinaldi Group is quickly approaching the completion of the 300-key citizenM Bowery Hotel.

The use of modular construction continues to pick up steam in the U.S. hotel sector, and citizenM Bowery Hotel in Manhattan is among the latest evidence of the trend. With the Rinaldi Group aboard as general contractor, Brack Capital Real Estate and hotel chain citizenM Hotel just topped off the 300-key lodging destination, which will be the largest modular hotel in New York City.

John Cefaly is close to celebrating a half-century career as a leading broker at Cushman & Wakefield, which recently market its 100th anniversary. The top real estate professional reveals how he shaped his successful career in the industry.

Real estate brokerage veteran John Cefaly has managed to stay on top of his game throughout his 46-year career with Cushman & Wakefield. He has closed some of the firm’s most notable deals, for clients such as Deloitte or Moody’s, and has been among its five top-producing brokers globally. With numerous awards under his belt, Cushman’s executive vice chairman confessed that it took a lot of work to grow in the business and that the greatest satisfaction doesn’t always come from the largest deals. John Cefaly is with the firm’s New York office…

The shopping center is located at 2700 Braselton Highway, approximately 25 miles from downtown Atlanta and near an upcoming interchange off Interstate 85.

Philips Edison Grocery Center REIT II has purchased a 93,396-square-foot shopping center in Dacula, Ga. Mountain Crossing Associates sold the property for $13.8 million. Franklin Street’s John Tennant and Bryan Belk represented both parties in the transaction.

The Mountain Crossing retail center is located at 2700 Braselton Highway. The building is 97 percent occupied and anchored by Kroger. Other tenants include Great Clips, UPS, Wells Fargo and several restaurants. Georgia traffic officials announced a new highway interchange near the property, at the intersection of Interstate 85 and Gravel Springs Road…

Atlanta has emerged as one of the most important economic clusters in the Southeast, appealing to investors through its strong market fundamentals. As 2017 is coming to an end, Yardi Matrix compiled a list of the 10 biggest office deals of the year.

As one of the most important economic centers of the Southeast region, Atlanta has garnered attention from both foreign and domestic investors in 2017. Established submarkets such as Midtown, Galleria and the Central Business District have seen the most investment activity. Yardi Matrix has put together a list of the biggest office transactions that shaped Atlanta’s office market in the past year…

Sarofim Realty Advisors acquired The Plant, a nearly 57,000-square-foot shopping center in suburban Phoenix, from Common Bond Development Group. The property changed hands for $25.8 million.

Cushman & Wakefield has facilitated the sale of The Plant, a 56,831-square-foot shopping center located in the south-eastern outskirts of Phoenix. Sarofim Realty Advisors acquired the asset from Common Bond Development Group for $25.8 million.

The grocery-anchored shopping center is situated on a 7.6-acre site at 4021-4095 South Gilbert Road, in Chandler, Ariz., in a suburban, mostly residential area. The Plant is anchored by Sprouts Farmers Market, which opened at the location in April 2016. Other tenants include Starbucks, Café Rio, Pet Planet, Club Pilates and Dairy Queen…

CIS Secure Computing Inc. will relocate approximately 200 of its employees to the Ashburn Crossing business community, located in the northwestern outskirts of Washington, D.C.

CIS Secure Computing Inc. has signed a 65,000-square-foot lease with St. John Properties Inc. at Ashburn Crossing in Loudoun County, Va. Upon completion in the first quarter of 2018, CIS will relocate approximately 200 of its employees to two, adjacent single-story buildings at 21050 and 21100 Ashburn Crossing Drive.

Ashburn Crossing is an 81-acre mixed-use business community which will comprise 700,000 square feet of commercial and amenity retail space including R&D, office and flex space. CIS will fully occupy the 45,120-square-foot building at 21100 Ashburn Crossing and take up only 75 percent of the other 29,040-square-foot premises…

The 152,000-square-foot industrial property, containing both distribution and flex buildings, sits near Interstate 105, within 15 miles of downtown Los Angeles.

Terreno Realty Corp. has acquired the eight-building Hawthorne Business Park in Hawthorne, Calif. for $27.6 million. The property, consisting of one distribution and seven flex buildings, totals 152,000 square feet. The closing cap rate was an estimated 4.4 percent.

Located at 3355-3437 W. El Segundo Blvd., the property sits one mile south of Interstate 105 and two miles east of Interstate 405, offering convenient access to Los Angeles International Airport, about five miles away. The buildings are situated in the center of the El Segundo Boulevard industrial corridor, within three to four blocks of a primarily residential area…

Rent growth continues to derive from a disconnect between growing supply in the Lifestyle segment and demand for workforce properties.

Following a strong showing in 2016, rents in Los Angeles continued to grow in 2017, albeit at a more moderate pace. At the end of October, the 3.6 percent year-over-year improvement rate was still well above the 2.3 percent national average. The bulk of growth results from demand for workforce and affordable units, but limited deliveries in that area have pushed up rent gains in the Renter-by-Necessity segment—at 5.0 percent year-over-year through October. Low acquisition yields and some investor reticence have slowed down transaction activity to cycle averages…

Cohasset Village Plaza is located south of Boston, along Route 3A, which connects several coastal communities along a highly trafficked retail corridor.

Newmark Knight Frank (NKF) Capital Markets has arranged the sale of Cohasset Village Plaza in Cohasset, Mass. Crosspoint Associates purchased the retail asset from Black Creek Capital.

The shopping center encompasses 49,561 square feet and is situated along Route 3A, a significant retail corridor for the coastal communities south of Boston. CVS, Curtis Liquors and Starbucks are anchor tenants. For CVS, the property represents an important location, as the retailer’s nearest stores are around ten miles from the site…

Located in Bowie, Md., The Shoppes at Bowie Town Center is a 578,000-square-foot extension of a larger, neighboring retail center and was built in 2004.

Neuman Commercial Group LLC has arranged the sale of The Shoppes at Bowie Town Center, located on the eastern outskirts of Washington, D.C., for $21 million. Neuman’s Principal Gil Neuman represented the seller, Shoppes at Bowie Town Center LLC, and procured the buyer, J.A.R. New York RLT.

Located at 3811 Evergreen Parkway in Bowie, Md., the 104,000-square-foot property is a specialty retail extension of Bowie Town Center, a popular 578,000-square-foot open-air center across the street…

The Class A building contains office and retail space and is leased to a range of tenants, including The City of New York and Montefiore Medical Center.

Jamestown LP, a nationwide real estate investor, has acquired a Class A office and retail building in the Bronx. The property commanded a sale price of approximately $115 million, according to Crain’s New York. The seller, Acadia Realty Trust, purchased the property in 2005 from 421 Melrose LLC for $49 million. An HFF team led by Michael Tepedino and Andrew Scandalios represented the seller in the transaction and secured the buyer.

The historic Fairmont Copley Plaza, which dates back to 1912, sold for $444,000 per key, representing a 4.6 percent cap rate on the hotel’s 2017 NOI.

RLJ Lodging Trust, of Bethesda, Md., has sold the historic 383-key Fairmont Copley Plaza in Boston for $170 million, or about $444,000 per key.

RLJ did not respond to Commercial Property Executive’s request for additional information. The buyer appears to have been Paris-based Accor Hotels, but CPE was unable to reach Accor to confirm this…

RLJ Sells Luxury Boston Hotel for $170M

The building, featuring 11,000 square feet of office space across two stories, sits in the Great Neck Road retail corridor and has been fully leased.

Divaris Real Estate has brokered the sale of an 11,450-square-foot office building in Virginia Beach, Va., for $1.6 million. The buyer, EDC Homes, will occupy the property’s second floor. Shortly after the sale, Axis Global Enterprises leased the first floor of the building. TowneBank Mortgage provided acquisition financing of $1.4 million, according to public records. The seller, Mythics Inc., had previously occupied part of the building…

With the 15-year deal in place, the upcoming 671,000-square-foot office development at 1144 15th St. in downtown’s LoDo neighborhood is now more than 65 percent pre-leased.

The tenant roster is filling up at 1144 15^th St. in downtown Denver’s LoDo neighborhood, and the 671,100-square-foot office tower has not yet opened its doors. Hines, developer of the trophy office building, just signed Chipotle Mexican Grill to a lease of 152,000 square feet for the relocation of its Denver headquarters.

Chipotle’s 15-year lease at 1144 15^th follows commitments to the speculative office project from other such notable names as law firm Greenberg Taurig, Optiv Security, Unicom Capital, WeWork and Gates Corp., which inked a deal for 125,000 square feet in 2016…

The office tower recently underwent a multi-million dollar renovation that included upgrades to elevator lobbies, corridors and the addition of a fitness center.

Cushman & Wakefield has arranged a series of lease expansions and renewals at a 350,743-square-foot, Class A office tower in downtown Fort Lauderdale, Fla. The latest additions to the asset’s tenant roster include KEMET Corp., Alms Health and Veritext. The new tenants signed leases totaling 75,321 square feet.

JLL completed lease negotiations at the site of its new Dallas office. The building, Lincoln Legacy Two, is a five-story office tower located at 5810 Tennyson Parkway that is currently 71 percent occupied.

Pape-Dawson Engineers, a civil engineering company, has selected a 11,913-square-foot space in Plano, Texas, for its new Dallas office. JLL teams represented both parties in the lease negotiations.

The five-story Lincoln Legacy Two, located at 5810 Tennyson Parkway, is currently 71 percent occupied. It includes 132,000 square feet of rentable office space, with floor plates as large as 27,404 square feet. Leases range from 2,561 square feet of divisible space to 13,946 square feet of contiguous space…

The company has arranged both transactions on behalf of Blue Steel Development and also represented the buyer of the second deal. The two facilities changed hands for a total of $21.8 million.

JLL has arranged the sale of two build-to-suit industrial facilities within Crossroads Commerce Center in Tampa, for a total of $21.8 million. Blue Steel Development sold the assets to NewSouth Window Solutions and Colonial Grocers. The industrial center is 50 percent sold and occupied.

Located at 4330 Williams Road, Crossroads Commerce Center occupies 71 acres at the crossroads of interstates 75 and 4, 21 minutes away from downtown Tampa. Other major cities, such as Orlando, Jacksonville, Miami and Atlanta, are accessible via the interstates…

Starting next year, the government agency will occupy five of the 12 floors of one of the trophy office buildings in the NoMa district. Savills Studley arranged the lease.

With help from Savills Studley, Peace Corps has signed a new lease at the One Constitution Square building in Washington, D.C. The agency plans to relocate its headquarters to the 173,000-square-foot office starting next year. The NoMa building is less than three miles away from the agency’s former West End location of 20 years—1111 20th St. N.W.

NKF Capital Markets represented Rockwood Capital and Marshall Property in the sale of the 203,946-square-foot Class A property to Deutsche Asset & Wealth Management.

Deutsche Asset & Wealth Management acquired Campus 2100, a core, Class A creative office campus in El Segundo, Calif., from a joint venture between Rockwood Capital and Marshall Property for $117.1 million.

NKF Capital Markets represented the seller in the transaction…

LA Office Campus Fetches $117M

The company represented the seller and the buyer, a Chicagoland-based operator, in the transaction. The Minooka, Ill., facility, All American Self Storage, fetched $2.3 million.

EquiCap Commercial has arranged the sale of All American Self Storage, a 31,750-rentable-square-foot facility in Minooka, Ill., for $2.3 million in an off-market transaction. EquiCap’s Self Storage Advisory Group represented the seller and the buyer, a Chicagoland-based operator, in the transaction.

Located at 1000 South Ridge Road, the facility provides access to interstates 80 and 55. All American Self Storage is 14 miles from the city of Joilet, Ill., and an hour’s drive from Chicago. Built in 2004, the five-building facility occupies 4.3 acres and comprises 213 units. The asset provides drive-up access, security cameras and parking spaces…

At ICSC’s New York Deal Making event, industry experts emphasized the importance of retailers and retail real estate owners being flexible to adapt their properties and strategies to meet changing consumer preferences and shopping habits.

While many of this year’s headlines warned of retail’s demise, the overall sentiment about the sector’s future was much more optimistic at the 2017 International Council of Shopping Center’s (ICSC) annual New York Deal Making event last week. But industry experts and panelists across the board did recognize retail is going through major change. Many said retailers and retail real estate owners’ futures will depend on adapting to changing consumer preferences and shopping habits, and building in flexibility to convert spaces as needs change. Being able to tell a story and achieve brand recognition was another hot topic of the event, held at the Javits Center in Midtown Manhattan, as traditional retailers face competition from e-commerce…

Both buildings are located within the Rickenbacker Global Logistics Park and offer long-term leases. The previous owner was a partnership of several institutional investors advised by J.P. Morgan.

Exeter Property Group has purchased a two-building industrial portfolio from a joint venture advised by J.P. Morgan Asset Management. A team of brokers from Avison Young arranged the transaction on behalf of the seller. The assets, which encompass a total of 451,215 square feet, are located within the Rickenbacker Global Logistics Park, a 30-million square feet development spread over several towns near Columbus, Ohio…

The company arranged $6.7 million in financing for a shopping center located in the suburbs of Tampa. BankUnited provided the loan, with a 70 percent loan-to-value ratio.

Aztec Group Inc. has arranged $6.7 million in financing for Holiday Centre, a 67,360-square-foot shopping center outside of Tampa. BankUnited provided the loan, with a seven-year term, a 4.3 percent fixed interest rate, 30-year amortization schedule and 70 percent loan-to-value ratio.

Built in 1994, Holiday Centre is located at 4701 Sunray Drive in Holiday, Fla., a 50 minute-drive from downtown Tampa. The center, anchored by Publix Supermarket, is fully occupied. Other tenants include Planet Fitness, Bright Now Dental and Verizon Wireless…

The nearly 300,000-square-foot park is less than half occupied, but its immediate environs look to be on the verge of a boom.

Morning Calm Management has acquired Metro Plex I and II in Landover, Md., for $16.5 million, the buyer announced Tuesday. The 293,500-square-foot Class B property also includes a 3.7-acre pad site approved for 200,000 square feet of future development.

The park, which is adjacent to New Carrollton station on the Washington, D.C., Metro, is about only 45 percent leased. The buyer, of West Palm Beach, Fla., describes itself as focused on “special situation investing.”…

The Brookwood data center in Hillsboro, Ore. will total approximately 220,000 square feet. The site has been chosen as the U.S. point of presence for two submarine fiber cables.

Peak 10 + ViaWest has begun construction work on a 114,700-square-foot expansion of its Hillsboro, Ore. facility, that will feature a completely new building, adjacent to the existing one. The Brookwood data center will total approximately 220,000 square feet of raised floor space once it is completed.

The buyer of the nearly 13-acre industrial site is a local food distributor. The transaction marks the company’s second in Portland’s Northeast submarket.

CBRE represented Panattoni Development in the sale of a 12.6-acre industrial site at Panattoni’s Portland Portal Distribution Center in Gresham, Ore. Macadam Forbes’ brokers Rod Brokenshire and Stu Peterson worked on behalf of the seller, a local food distributor.

Located at 172^nd NE and Sandy Blvd, the Portland Portal Distribution Center is a few minutes north of Interstate 84. The building is close to U.S. Bank, Pacific Northwest Carpenters Institute and CEVA Logistics. Additionally, the Portland International Airport is seven miles from the distribution center…

Rent-free months, price cuts, gift cards, gym memberships. Manhattan’s apartment landlords have been offering all sorts of enticements month after month, hoping to lure renters to their units amid a surge of new supply…

The cosmetics firm will relocate its Manhattan headquarters to 390 Madison Ave., a 900,000-square-foot redevelopment project the real estate investment firm is undertaking in a partnership with Clarion Partners LLC, on behalf of the New York State Common Retirement Fund.

L&L Holding Co. has signed cosmetics company Shiseido Americas Corp. to a 225,800-square-foot lease at the Midtown Manhattan property. L&L is currently redeveloping the building into a nearly 900,000-square-foot gem in partnership with Clarion Partners LLC, on behalf of the New York State Common Retirement Fund.

The 10-story office tower offers a mix of traditional and creative space, with views of downtown Portland. The building is 87 percent leased to nine tenants.

ScanlanKemperBard Cos. has recapitalized the $65 million CH2M Center, a 226,815-square-foot, Class A office tower in Portland’s South End Innovation District.

HFF secured $44.2 million in financing for the disposition and recapitalization. The company represented SKP, with funds managed by Oaktree Capital Management L.P., and secured a 10-year, fixed-rate loan through Wells Fargo for the new partnership…

CH2M Center Lands Hefty Recapitalization

Texas Pain Management Institute will occupy more than 4,000 square feet on Oakwood Medical Park’s second floor. The property was renovated in 2016.

Huffman Properties has arranged a five-year lease of a 4,718-square-foot space at 511 Oakwood Blvd. in Round Rock, Texas, for the Texas Pain Management Institute (TPMI).TPMI will occupy Suite 200 on the second floor.

Dr. Meraj Siddiqui founded the company, which is led by Austin-area pain management physician & Medical Director Dr. Asim S. Aijaz. With combined expertise and commitment to superior patient care, TPMI plans to set the standard for pain management across the region. Utilizing advanced therapies such as Ultrasound and X-Ray Guided Injections and Spinal Cord Stimulation, TPMI’s facility accommodates interventional pain management procedures…

The portfolio includes two office towers totaling 411,544 square feet in downtown San Jose. A joint venture between Harvest Properties and Invesco sold the assets.

Brookfield has acquired Towers @ 2^nd, two office buildings totaling 411,544 square feet in San Jose, for $128 million. The company purchased the assets from Harvest Properties and Invesco Real Estate. The sale of Towers @ 2^nd marks Harvest’s and Invesco’s sixth deal together. Harvest will continue to manage the asset and Cushman & Wakefield will be the leasing manager.

Partners Long Wharf Capital and Hamilton Partners sold the two-building campus consisting of One Pierce Place and 500 Park Blvd. in Itasca, Ill., to a joint venture involving Balfour Pacific Real Estate Fund IV and Hamilton Partners.

Six years after acquiring One Pierce Place and 500 Park Blvd. in Itasca, Ill., Long Wharf Capital LLC and Hamilton Partners have sold the 976,000-square-foot office complex for $78.3 million. A partnership between Balfour Pacific Real Estate Fund IV and Hamilton Partners now own the Class A metropolitan Chicago property, which last traded in 2011 for $73.8 million.

The team of Tom O’Loughlin and Larry Genet worked on behalf of the landlords in securing three new industrial leases in South Florida.

CBRE has negotiated a series of new leases totaling more than 67,000 square feet of industrial space in Dania Beach and Hollywood, Fla. Senior Vice President Tom O’Loughlin and First Vice President Larry Genet arranged the deals on behalf of the property owners…

Endurance Real Estate Group LLC and Thackeray Partners team on the purchase of Penn Warner Industrial Park, located in Fairless Hills, expanding industrial holdings in Pennsylvania.

A partnership between an affiliate of Endurance Real Estate Group LLC and Thackeray Partners has acquired Penn Warner Industrial Park, a four-building warehouse/distribution portfolio in Fairless Hills, Penn., from an undisclosed institutional seller. The CBRE-arranged deal’s price was not disclosed…

The 12-story office tower, which is slated for completion by 2020, will be a part of Simon Property Group’s redevelopment of Phipps Plaza.

Simon Property Group has retained CBRE as the exclusive leasing agent for a planned Class A office tower to be built as part of Phipps Plaza’s redevelopment in Atlanta’s Buckhead submarket. The 12-story building is slated for completion by 2020.

Simon plans to transform the luxury mall into a mixed-use development that will encompass approximately 300,000 square feet of Class A office space, a three-story lower level parking garage, a flagship Nobu restaurant, a five-star hotel by Nobu Hospitality and a 90,000-square-foot Life Time athletic facility.

The company will continue to occupy 44,000 square feet at Kilroy Realty’s 360 Third St. property, located in the city’s South of Market district.

Kilroy Realty Corp. has signed a five-year lease renewal with NBC Sports Bay Area. The lease encompasses 44,000 square feet of office space at Kilroy’s 360 Third St. in San Francisco. NBC Sports first moved its office to the address almost 10 years ago.

Located in San Francisco’s South of Market district, the seven-story building is located within one block of Interstate 80 and is accessible via approximately 20 different bus links. Current tenants include TripAdvisor, Wikia, Adobe Systems and Comcast SportsNet, according to Yardi Matrix…

Euro-subsidiary completes refinances of seven assets, including office, retail and multifamily properties in the capital city of Dublin. The deal follows this fall’s merger between Kennedy Wilson Holdings and Kennedy Wilson Europe Real Estate.

The wholly owned European subsidiary of Kennedy Wilson has completed two refinancing deals totaling €284 million—$334 million—with the Bank of Ireland. The transactions cover seven assets in Ireland, primarily in the capital city of Dublin.

The refinancing operations extend the weighted average term to maturity to 5.1 years and lower the weighted average cost of the floating rate debt, while releasing €54 million, or roughly $63.6 million, of equity…

Upon closing, 13,640 square feet were vacant, but have since been leased. BGP Designs occupies more than half of the 35,500-square-foot building, which changed hands for $3.5 million.

Parkland Center II, a 35,542-square-foot industrial warehouse, changed hands in Tempe, Ariz. Principal Matt Hobaica of Lee & Associates Arizona represented the buyer, BPG Designs. DCT Industrial, the seller, was represented by JLL. BPG acquired the asset for $3.5 million.

The property is located at 7307 S. Harl Ave., in West Tempe. Built in 1982, the warehouse sits on a 2.3-acre site. It features 103 parking spaces, grade-level loading docks and air conditioning. The building also comprises retail space facing Harl Avenue.

The company represented the tenant, Somerset Pain Clinic, in closing a leasing agreement for 8,230 square feet at City Center in Troy, Mich.

Friedman Integrated Real Estate Solutions has facilitated an 8,230-square-foot office lease at City Center, a central location in Troy, Mich. The company, which has been recently appointed manager of the historic Ford Building in downtown Detroit, worked on behalf of the tenant, Somerset Pain Clinic.

The Class A office building is located at 888 W. Big Beaver Road along the Big Beaver Corridor and is owned by Unicorp National Developments, according to Yardi Matrix. Completed in 1979, the 13-story property encompasses approximately 330,000 square feet of office and retail space, as well as a parking lot accommodating up to 1,300 vehicles…

The company purchased a 19-acre parcel near the Indianapolis International Airport, where it plans to develop a new 262,758-square-foot warehouse.

HSA Commercial plans to expand its footprint in suburban Indianapolis by adding a new warehouse to its existing industrial portfolio. For this, the company has acquired a 19-acre parcel at the corner of Stafford Road and Airtech Parkway, near the Indianapolis International Airport in Plainfield, Ind.

Construction is slated to start early next year, with the first tenants scheduled to arrive in fall 2018. Upon completion, the 262,758-square-foot building is expected to feature 32-foot clear heights, 30 expandable truck doors and four drive-in doors…