TEWKSBURY, MASS. — BPG Properties has completed six leases at Highwood Office Park, a three-building office campus totaling 74,384 square feet that is located in Tewksbury. Tactical Communications Group signed a lease for 19,904 square feet; Edwards Vacuum signed a lease for 14,582 square feet; Cast Navigation signed a lease for 7,874 square feet; International Rectifier signed a lease for 5,068 square feet; Fairchild Semiconductor signed a lease for 3,285 square feet; and AARP Financial renewed and expanded its existing lease to 23,671 square feet. These most recent leases bring occupancy in the park to approximately 80 percent. The three buildings that comprise Highwood Office Park ranged from 82,193 to 104,445 square feet. The office park also features a full-service hotel. BPG acquired the property in 2005 and completed a major capital improvements program to it last year.
BILLERICA, MASS. — R.W. Holmes Realty Co. has brokered a 75,000-square-foot lease renewal at Forest Ridge Park, a three-building, 150,000-square-foot office park located at 85 Rangeway Rd. in Billerica. American Power Conversion will continue to occupy all of Building Two and half of Building Three at the property. Bill Sullivan of R.W. Holmes represented the landlord, K&L Realty. The tenant was represented by Jason Levendusky and David Connolly of CB Richard Ellis. Terms of the lease were not disclosed.
NEW YORK CITY – Aurora Capital Associates, headed by Bobby Cayre, together with its partner, Alex Adjmi have acquired control and redevelopment rights of 21-27 Ninth Avenue through a 49-year ground lease. The site is located at the southwest corner of Ninth Avenue and West 13th Street in the Gansevoort Market Historic District in Manhattan, New York City. The partnership plans to redevelop the parcel into a retail driven mixed-use building. The property currently contains four historic single-family, three-story row houses constructed between 1844 and 1846. Alf Naman and Michele Conforti of Alf Naman Real Estate represented the buyer, a Long Island family, in the transaction. Jared Epstein of Aurora Capital, who will be spearheading the marketing campaign for the project, represented the partnership in the deal.
NEW YORK CITY — Kalmon Dolgin Affiliates (KDA) has completed the $1.2 million sale of 180-02 Eastgate Plaza, a one-story, 7,000-square-foot commercial property located in the Springfield Gardens neighborhood of Queens, New York City. The facility includes 4,000 square feet of office space, 3,000 square feet of warehouse space, along with a drive-in door and an additional 3,500 square feet of parking. Dmitri Gourianov of KDA represented both the buyer, TNT Construction, and the seller, Eastgate Plaza LLC, in the transaction. Financing for the acquisition was provided by Community National Bank through an SBA loan.
CHELMSFORD, MASS. — Klemmer Associates has completed the $2.2 million sale of a 51,709-square-foot building in Chelmsford. Klemmer represented the seller, Whitewater Realty Trust in the sale. The facility, which is situated on 4.2 acres at 275 Billerica Rd., was purchased by Shaimas, LLC. O'Brien Commercial Real Estate represented the buyer in the transaction.
SUMMIT, N.J. — Construction is advancing for Claremont Corporate Center, a 46,576-square-foot, Class A office building located at 535 Springfield Ave. in Summit. The project utilizes the existing Risk Mansion, a turn-of-the-century stone building, and adds a modern office component to it. The project will feature a two-story main lobby with a glass curtain wall and a 20-foot stone wall façade. The building also includes 98 underground parking spaces and 40 surface spaces. Claremont Realty Group has already signed a lease to occupy the first floor of the historic portion of the building. Completion of Claremont Corporate Center is scheduled for the third quarter. The owner is Greenock Capital Management. Jeffrey Heller and William McCaffrey of CB Richard Ellis are undertaking leasing of the property.
NEW YORK CITY — Massey Knakal has arranged the sale of a two-story, vacant commercial property, located at 108-121 72nd Ave. in the Forest Hills neighborhood of Queens, New York City, for $2 million. The property is 20 feet wide and currently contains 3,240 square feet; it could ultimately be built out to 10,452 square feet. Massey Knakal’s Nick Pertkoff was the sole broker in the transaction. The undisclosed buyer plans to construct a private school on the property.
EASTON, PA. — Denver-based ProLogis has leased 420,000 square feet of distribution space within ProLogis Park 33, located in Easton, to B Foods Inc. The dry-food manufacturer and distributor will be consolidating logistics operations from two of its existing facilities into the new location. ProLogis Park 33 is a two-building distribution park that contains 1.8 million square feet of space. The largest tenant at the park is BMW, which occupies 870,000 square feet of Building II, a facility that was built-to-suit in December 2008. Terms of B Foods’ lease were not disclosed.
PHILADELPHIA — GVA Smith Mack has negotiated the renewal and relocation of Fox Rothschild’s 104,461-square-foot lease at 2000 Market Street, a 29-story, Class A office building located in the central business district of Philadelphia. The law firm will move to the 19th through 21st floors of the building and will continue to occupy the 12th floor. The lease carries a 15-year term. Jim Mullarkey of GVA Smith Mack represented the building’s landlord, RREEF. Fox Rothschild was represented by Doug Simon and Jud Wambold of Tactix Real Estate Advisors.
BEVERLY, MASS. — Life sciences firm Thermo Fisher Scientific has renewed its lease for more than 107,000 square feet of laboratory and office space at Cummings Center, located in Beverly. The company uses the space to develop and manufacture a wide range of water analysis instruments. Stephen Cook of Grubb & Ellis represented the tenant in lease negotiations. The landlord, Woburn, Mass.-based Cummings Properties LLC, was represented in-house by Steve Drohosky. Terms of the lease were not disclosed. The Cummings Center campus is home to more than 500 businesses, including Microsoft, Merrill Lynch, Goldman Sachs, Oxford Global Resources, Liz Claiborne, Wells Fargo, Hasbro, Bright Horizons and Garber Travel. Additionally, more than 30 life sciences occupy space within the campus, which features fitness centers, two full-service banks, daycare facilities, five restaurants, on-site bus service and a branch of North Shore Community College.