Hines, CalPERS acquire Guaranty Bank Building

A joint venture between Hines and the California Public Employees' Retirement System today announced it has acquired the Guaranty Bank Building in Denver, Colo., for an undisclosed price.

The 13-story, 220,287-square-foot office building, sold by Westfield Capital Partners LLC, is located at 1331 17th St. in the city's Lower Downtown (LoDo) district.

The class A property, which was completed in 1983, includes an attached nine-level structure (three below-grade levels and six above-grade levels) providing a total of 650 spaces.  more...

Kohl's store purchased in 1031 exchange

A limited liability company has completed a 1031 exchange for an 89,000-square-foot Kohl's retail property in Livermore, Calif., for a price of nearly $10.7 million.

Los Gatos, Calif.-based C & D Livermore LLC purchased the property from Phoenix, Ariz.-based Univest/Verus-Livermore LP.

The single-tenant property, which was built in 2007, is ground-leased to Kohl's Corp., an operator of more than 730 discount department stores in 41 states. The triple-net lease is for 20 years with eight five-year options.  more...

Home builder supplier lands Houston space

Tri-Supply Co., which provides products to Texas home builders, recently leased approximately 92,000 square feet in northwest Houston for an unidentified price.

The space, owned by 7100 Business Park Inc., is located within a 216,000-square-foot, multitenant distribution facility at 7100 Business Park Drive, at the intersection of Highway 290 and Beltway 8.  more...