WALTHAM, MASS. — Alkermes has signed a 100,000-square-foot lease at the Reservoir Woods campus in Waltham. The technology company plans to relocate its headquarters from Cambridge to the newly leased space, which is located at 850-852 Winter Street, a new 180,000-square-foot LEED-Gold certified office and lab building. The Reservoir Woods campus sits on 120 acres between the Massachusetts Turnpike and Route 2 at exit 27 off Route 128/US I95. The development is owned by a joint venture between affiliates of Davis Marcus Partners and Prudential Real Estate Investors. CB Richard Ellis represented the ownership in the transaction and Joseph Flaherty of Colliers Meredith & Grew represented Alkermes. The new tenant plans to complete their move by early 2010.
LINCROFT AND FREEHOLD, N.J. — Clarke Caton Hintz has designed four projects for Brookdale Community College. The projects will encompass a total renovation of 161,000 square feet across three areas at the college’s two campuses in Lincroft and Freehold. The first project is a 94,000-square-foot renovation and addition to the Collins Arena and Recreation Education Center at the main campus in Lincroft. The new center will be LEED certified and is set for completion in 2010. This project will also include a new fitness center. The next project is a 29,000-square-foot renovation and addition to the Automotive Technology Facility. Also at the main campus in Lincroft, the facility sits adjacent to the Collins Arena and is slated for completion in 2009. The renovation to the existing facility will incorporate additional service bays within the teaching lab area, as well as six new specialized classrooms and additional administration space. The final project is a 38,000-square-foot renovation to the Western Monmouth Higher Education Center at the branch campus in Freehold. Completion is set for this year. The renovation will create more academic space such as additional classrooms, a science lab, a student success center and faculty offices. Only the first, third and …
FLUSHING, N.Y. — BJ’s Wholesale Club and Applebee’s Neighborhood Grill & Bar have signed on for space at Muss Development’s Sky View Center, an 800,000-square-foot shopping center at Sky View Parc in Flushing. BJ’s Wholesale Club signed a 20-year lease for 121,000 square feet and Applebee’s is set to take 6,500 square feet. BJ’s is slated to open by November, while Applebee’s is slated to open spring 2010. The new leases bring Sky View Center’s commercial space to 70 percent occupancy. Sky View Center, which is located at College Point Boulevard and Roosevelt Avenue, features other national tenants such as Target, Best Buy, Marshall’s, Staples and Bed, Bath and Beyond. Ripco Real Estate Corp. handled both transactions on behalf of Muss Development.
NORTH ATTLEBORO, MASS. — The Lightstone Group, has completed three long-term lease renewals at Bernie's Cumberland Plaza in North Attleboro. Bernie's, New England's largest independent retailer of audio and video, appliances, furniture and more, renewed for 21,450 square feet; David's Bridal renewed for 11,700 square feet; and Unique Dental Care renewed its lease for a 5-year period. The new leases, totaling 38,350 square feet, constituted more than 60 percent of the entire shopping center. The 59,100-square-foot Bernie's Cumberland Plaza is located on Route 1 and includes other tenants such as Fedex Kinko's Office and Print Center, LA Boxing, and Newberry Comics. The facility is also shadow anchored by Lightstone Group’s the Christmas Tree Shops Plaza, a 100,000-square-foot shopping center that also houses Guitar Center and Namco.
NEW YORK CITY —Helmsley Spear has been appointed the exclusive leasing agent for 80 Broad Street, a 400,000-square-foot office building located in the Financial District neighborhood of Lower Manhattan in New York City. Lewis Cowan will head up the Helmsley Spear team, working with Gregg Slotnick, also of Helmsley Spear. Both will report to Todd Korren of Swig Equities, LLC. The 36-story, 400,000-square-foot multi-tenant office building is currently 97 percent occupied. A building wide renovation was recently completed, which included new elevators and cab interiors; new electrical service; new lobby; new mail center and freight entrance; new two-story, all glass storefront; new HVAC system and chillers; and a new fire/life safety system. In the past 12 months a number of leases were signed at 80 Broad Street including McGivney & Kluger, Legal Solutions Group, Map Financial Group, 1010Data, Stellar Freight, MT Library Services and BV Realty Management Corp. McCauley Securities renewed their leases while Water Quality Insurance Syndicate, Scientiae, LLC and Moed de Armas & Shannon Architects, P.C. expanded their occupancies, bringing total building leasing activity to more than 30,000 square feet.
HAZLET TOWNSHIP, N.J. — Short Hills, N.J.-based Garden Commercial Properties is nearing completion for renovations to Bayshore Plaza, a 163,000-square-foot, open-air retail center located at the intersection of Route 35 and Hazlet Avenue in Hazlet Township. The renovation will be capped with the opening of a new 56,000-square-foot Super Foodtown grocery store, which is scheduled for completion soon. In addition, two tenants have signed leases at the center. Pet Supplies Plus signed a 9,200-square-foot lease and Bethany Wines & Liquors signed a 4,800-square-foot lease. Current tenants at the center include Staples, Party City, McDonald’s, STS Tire & Auto Center and Childrenswear Centre.
ROSELLE, N.J. — Marcus & Millichap has brokered the sale of a six-unit apartment building located in Roselle. The property contains a mix of one-, two- and three-bedroom units. It traded at a price of $430,000. Kevin McCrann, Thomas McConnell and Nat Gambuzza of Marcus & Millichap’s New Jersey office represented the seller, a private investor. The buyer, a local investor, was represented by Christopher Rizzolo, also of Marcus & Millichap’s New Jersey office.
PEABODY, MASS. — Boston-based NAI Hunneman has arranged two office leases at 9 Centennial Drive, a two-story, 37,000-square-foot flex building located in Peabody. Family Continuity Programs signed a 5-year lease for 17,810 square feet of space. It was represented by Richard Newberg of Drumlin Group in the negotiations. Additionally, Nizhoni Health Systems signed a 4-year lease for 2,885 square feet of space. It was represented by Philip Mann of Sangan Realtors. The landlord, B&H Peabody Property LLC, was represented by NAI’s David Gilkie and Michael McCarthy in both transactions.
NEW YORK CITY —Hyatt Hotels & Resorts and Hersha Hospitality Management are set to begin construction on a 174-room Hyatt Place hotel in Brooklyn, New York City. Located in downtown Brooklyn on Nevins Street, the hotel will be just an 8-minute train ride into Manhattan and ideally located near the MetroTech Center, Williamsburg Savings Bank, Brooklyn Academy of Music, Brooklyn Botanical Gardens and South Street Seaport. Construction is slated for completion in winter 2011. In addition to the Nevins Street location, Hyatt Place has three other hotels under construction in New York on Manhattan and Long Island.
CONCORD, N.H. — CB Richard Ellis has negotiated at 45,600-square-foot short-term lease for warehouse space on behalf of Wal-Mart Stores East, LP. The leased space is located at the 192,300-square-foot Capital City Industrial Center at 77 Merrimack St. in Concord. The facility is comprised of 10,000 square feet of office space, 101,100 square feet of manufacturing space and 81,200 square feet of warehouse space. It features clear heights up to 21-feet in the warehouse, 19 tailboard docks and 2,000 amps. Situated on 21.49 acres on the banks of the Contoocook River, the facility is just 5 minutes from Exit 17 on Interstate 93. Roger Dieker and Mike Tamposi of CB Richard Ellis Manchester represented the landlord and Mike Reed of Stebbins Commercial Real Estate represented the tenant.