$53M Financing for Allentown MOB

HFF secured $53 million in first mortgage financing for Integrated Health Campus, a two-building 301,000-square-foot medical office building in Allentown, PA. The HFF team worked on behalf of the borrower, Integrated Health Campus LP, to secure the 10-year, 4.34%, fixed-rate mortgage. The property is situated on more than 21 acres at 240-250 Cetronia Dr. in

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Facebook to Build Data Center in New Mexico

Following months of speculation, Facebook announced it will build a massive data center in Los Lunas, NM. Construction is scheduled to begin in October on the $250 million first phase, which will bring an estimated 30-50 data center jobs and several hundred construction jobs to Los Lunas. The contractor is Portland, OR-based Fortis Construction. The

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Colliers Expands to Charlotte Via Affiliate Acquisition

Colliers International Group Inc. acquired affiliate Colliers Charlotte to further augment Colliers’-owned operations by adding service capabilities in one of America’s vibrant and fast-growing markets. Colliers International’s Ryan Kratz says, “The seasoned professionals at Colliers Charlotte already enjoy a strong reputation and, with the resources of our global operations, can now better serve their clients.”

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New Proposed Location for Dougherty Arts Center

The Austin City Council has approved the relocation of the Dougherty Arts Center from its current spot at 1110 Barton Springs Rd. to Butler Shores on Lady Bird Lake. The more than 70-year-old building that houses the arts center had been deemed “beyond repair” by a 2010 needs assessment. The new facility will be built

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Atlanta Braves’ 1.5M-SF MXU Adds More Tenants

The real estate arm of the Atlanta Braves Major League Baseball franchise is adding more non-game-related experiences to The Battery Atlanta, its 1.5-million-square-foot mixed-use development outside SunTrust Park. It’s in keeping with the Braves Development Company’s goal of making the complex “a year-round lifestyle destination for the Southeast,” as CEO Mike Platt put it. Among

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Connell Foley Relocates NJ HQ

Connell Foley LLP opened a new 75,000-square-foot corporate HQ at 56 at Roseland in NJ. The 400,000-square-foot repositioned suburban office building is owned by joint venture partners Mountain Development Corp. (MDC) and Square Mile Capital. MDC’s Michael Seeve says, “Connell Foley’s decision to move its headquarters here after 30 years at its previous location in

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Boston Properties, Bernstein Break Ground on $600M Marriott HQ

The Bernstein Companies and joint venture partner Boston Properties marked a key development milestone last week, when they broke ground on the future $600-million Marriott International headquarters and Marriott Hotel in downtown Bethesda, MD. The 785,000-square-foot office building will be a cutting-edge, sustainable, workplace offering state-of-the-art technology, modern amenities, and walkable transportation options for roughly

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Boutique Senior Living Community in Suburban Denver Financed

The Avenues Crofton Park, a 90-unit, 55-plus age-restricted independent living community in suburban Denver, received $21.4 million in financing. Developed by McBroom Company and managed by The Avenues Company, the asset at 12431 King Ct. in Broomfield features 70 rental apartment homes and 20 cottages. HFF’s Leon McBroom worked exclusively on behalf of The Avenues

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Lincoln Property Snags Uptown Denver Towers for $95M

Lincoln Property Co. acquired a pair of Denver office towers on behalf of a public pension fund from US Premier Office Equities LP for $95.2 million. Denver Financial Center I and II encompasses 34-story and  13-story buildings totaling 435,672 square feet in the Uptown neighborhood. The 88% leased assets, which front East 18th Avenue between Lincoln

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NuZee Expands, Leases Plano, TX Facility

Specialty coffee company NuZee Inc., headquartered in Vista, CA, is expanding to support the growth of its single-serve pour-over coffee product. To that end, the producer and co-packer leased a 16,603-square-foot facility in Plano, TX for a new, single-serve, pour-over co-packing hub. While a location was not announced, googling locations brought up the 16,603-square-foot Building

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