CANTON, MASS. — Richards Barry Joyce (RBJ) has brokered the $5.1 million sale of 275 Dan Rd., a 99,869-square-foot office building in Canton. The building is currently fully occupied by Organogenesis, a regenerative medicine company. Richard Herlihy and Michael Frisoli of RBJ represented the seller CWCapital Asset Management, and Sean Teague of DTZ FHO Partners procured the buyer, Rugby Realty Co., in the transaction.
PRINCETON, N.J. — Novo Nordisk has signed a 167,000-square-foot lease at 1100 Campus Rd., a five-story Class A office building in the Princeton Corporate Campus in Princeton. The lease represents an expansion of Novo Nordisk’s U.S. headquarters. Steve Tolkach of Newmark Knight Frank represented the leasee in the transaction, and Crimson Services represented the building owners, a joint venture comprised of the Patrinely Group and USAA Real Estate Co.
TINTON FALLS, N.J. — Onyx Equities has completed renovations on two existing office buildings located at 766 Shrewsbury Ave. in Tinton Falls. One building consists of 45,000 square feet within four stories, and the second building contains 26,000 square feet within two stories. Interior renovations included the upgrades to the entry lobbies, elevators and common areas. Exterior renovations are slated for this spring. Current medical tenants include Atlantic Diagnostics. David Zimmel and Joel Natter of Zimmel Associates are marketing the facilities.
yyyyyy
ELIZABETH, N.J. — AMB Property Corp. and Portview Properties have completed phase I of the redevelopment of AMB Portview Commerce Center in Elizabeth. Phase I included the redevelopment of a 144,000-square-foot distribution center. Phase II will comprise 215,000 square feet across two facilities. Redevelopment of phase II is set to begin first quarter 2009 with completion slated by fourth quarter 2009. WW Grainger has signed a 25,000-square-foot lease in the first building. Colliers Houston is the exclusive leasing agent for the site.
PHILADELPHIA — Vesper Property Group has acquired 1619 Walnut St., a 39,305-square-foot, mixed-use building in Philadelphia. Located in city’s retail district, the six-story building contains 15,000 square feet of office space. Tenants include Claflen Associates, a local architecture firm, and Brasserie Perrier, a famed Philadelphia restaurant.
NEW YORK CITY — Efrat Sharon of CB Richard Ellis’ Capital Markets Group in New York has arranged a $3.2 million construction loan on behalf of RGS Holdings. The borrower plans to develop a six-story condominium building located at 271 W. 122nd St. in the neighborhood of Harlem in Manhattan, New York City. The loan was funded by Bank of Smithtown.
Hello World
Shiop akldjf. akghl . ehgag
NEW YORK CITY — Red Apple Myrtle Avenue Development is currently constructing 162-184 Myrtle Ave., a 240,000-square-foot mixed-use development located between Flatbush Avenue and Ashland Place in Brooklyn, New York City. Built over three city blocks, the project will feature a low-rise, mid-rise and high-rise buildings. The retail component will encompass three levels, which will feature 61,000 square feet on the ground floor, 79,000 square feet on the lower level and 89,500 square feet on the second level. The building will be anchored by a 10,000-square-foot Duane Reade. The Myrtle Avenue development will also contain 500 residential units. The facility is scheduled for completion in January 2009. Winick Realty Group is handling the leasing for the retail component.