MOUNTAIN VIEW, CALIF. – A 55,956-square-foot office building in downtown Mountain View has sold to Menlo Equities for $40 million. The Class A building is located at 303 Bryant Street. It is fully leased to Speck Products. The unnamed seller was represented by HFF’s Michael Leggett, Gerry Rohm and Dave Karol in this transaction.
SAN BERNARDINO, CALIF. — interchange Business Center, a 667,024-square-foot industrial center in San Bernardino, has sold to one of the U.S.’s largest privately held real estate advisors for an undisclosed sum. The three-building center is located at 1651 Interchange Drive. The seller was a partnership between Behringer Harvard and CT Realty Investors.
BOSTON — Wayfair.com has signed a 105,000-square-foot lease at Copley Place in Boston’s Back Bay area. The location will become Wayfair.com’s new corporate headquarters. The lease was signed with Simon Property Group Inc. (NYSE: SPG), landlord of Copley Place. The new space is 10 percent larger than Wayfair.com’s current offices at 177 Huntington Ave. and can be expanded as the company continues to grow. Wayfair.com is an online retailer of home goods. Michael Joyce, Jonathan Varholak and Thomas Ashe of Richards Barry Joyce & Partners represented Wayfair.com. Ogden White of CBRE New England represented Simon Property Group.
FORT WORTH, TEXAS — NAI Robert Lynn has arranged the purchase of 39,750 square feet of office/warehouse space at 1201 and 1225 Forum Way S. in Fort Worth. Michael Newsome of NAI Robert Lynn represented the buyer, Cowart Properties LLC, in the transaction. Noel Hutcheson of Colliers International represented the seller.
SAN BERNARDINO, CALIF. — interchange Business Center, a 667,024-square-foot industrial center in San Bernardino, has sold to one of the U.S.’s largest privately held real estate advisors for an undisclosed sum. The three-building center is located at 1651 Interchange Drive. The seller was a partnership between Behringer Harvard and CT Realty Investors.
ATLANTA — Medtech College has signed an 11-year lease for 16,000 square feet at 2800 Century Parkway in Atlanta, part of the Century Center office park. Medtech, a medical training school with locations in the Southeast and Midwest, currently has two Atlanta-area campuses. The space was previously occupied by AT&T before its recent consolidation. Dale Lewis of Cassidy Turley represented Medtech in the relocation of its Tucker campus to Century Center. Medtech can now provide training programs to the entire northeast Atlanta area. Jim Legg of Highwood Properties represented the landlord.
BRIDGEWATER, N.J. — Mack-Cali Realty Corp. (NYSE: CLI) has sold its 55 Corporate Drive office building in Bridgewater for $72.3 million. The four-story, 205,439-square-foot Class A property was sold to a subsidiary of Cole Corporate Income Trust Inc., an entity managed by Cole Real Estate Investments. The building, which was developed by Mack-Cali as a build-to-suit for Sanofi-Aventis, was completed in early 2011. Adam Spies, Kevin Donner and Neill Wessell of Eastdil Secured LLC represented Mack-Cali in this transaction.
NEW YORK CITY — Emerge212, a Manhattan boutique office environment service provider, has celebrated the grand opening of two new workspace centers at 3 Columbus Circle (3CC) and 125 Park Avenue in Manhattan. The centers total 90,000 square feet of flex office space. The 60,000-square-foot office at 3CC, which has recently undergone a $175 million redevelopment program, is situated on the 15th and most of the 16th floors of the 26-story building. The 30,000-square-foot office at 125 Park Avenue occupies the top two floors, 25 and 26. David Silverman of New York City-based Loffredo Brooks Architects designed the interiors of 3CC and 125 Park Avenue. Features of the new offices include private phone booths, a water/coffee bar and oversized boardrooms. Approximately 50 percent of 3 Columbus Circle is preleased and about 25 percent is preleased at 125 Park Avenue. SL Green owns both properties.
STAMFORD, CONN. —The Navigators Group Inc. has signed a long-term lease to occupy the entire eighth floor — totaling 36,782 square feet — at 400 Atlantic St. in Stamford. The international specialty insurance holding company will relocate its corporate headquarters from Rye Brook, N.Y., bringing with it an additional 200 jobs. Navigators joins a tenant roster at the 15-story, 500,000-square-foot Class-A office tower that includes corporations such as Charter Communications, UBS, American Express, The Santander Group and Harman Kardon. The Landis Group is the landlord at 400 Atlantic St.
RICHARDSON, TEXAS — Stream Realty has arranged a 170,000-square-foot lease expansion and extension with Texas Capital Bank at 2350 Lakeside in Richardson. Tommy Nelson and Jeff Schweitzer of Stream Realty represented the landlord, Lakeside Tower, in the transaction. Terry Quinn of Cresa Dallas represented Texas Capital Bank.