COLUMBIA, MD. — The Archon Group has purchased the 215,662-square-foot Lakeview I & II, a four-building office portfolio located at 9801, 9821, 9841 and 9861 Broken Land Parkway in Columbia, for $30.2 million. The portfolio is 79 percent leased. Jonathan Carpenter and James Wellschlager of Cassidy Turley represented the seller, the Goldstar Group, in the transaction.
INDIANAPOLIS — Sourwine Real Estate Services has broken ground on an 80,699-square-foot, multi-tenant office building at 8335 Keystone Crossing in Indianapolis. The three-story building will include 25,000 square feet per floor. Sourwine will own, develop and manage the building. The project marks the first fully speculative commercial real estate development in the Indianapolis area since 2008.
NEW YORK CITY — Jewelry producer Majorica has signed a 10-year office lease renewal at the New York Accessories Exchange building at 366 Fifth Ave. in New York City. Majorica makes organic pearl jewelry from the island of Majorca, Spain. Majorica is sold in department stores and jewelry stores across the U.S. and worldwide. The company leases 4,600 square feet on the fifth floor. Davidoff Malito & Hutcher LLP represented Majorica in the transaction. Rick Brickell of NYAE represented the landlord.
WESTON, MASS. — Health Advances has signed a 7-year lease renewal and expansion of its corporate headquarters on Nine Riverside Rd. in Weston. The healthcare strategy and consulting firm will increase its space by 9,907 square feet to a total of 31,832 square feet. John Boyle and Michael O’Leary of Cassidy Turley FHO represented Health Advances in the transaction. Andrew Majewski and Matthew Siciliano of CBRE/New England represented the landlord.
SOMERSET, N.J. — Pacific Controls Inc. has purchased 100 Franklin Square Dr., a 108,410-square-foot office building in Somerset. Pacific Controls, a communication technology company, plans to occupy vacant space on the top two floors of the property. The Class B property is 33 percent leased. Shawn Straka of Jones Lang LaSalle represented Pacific Controls in the transaction.
HOUSTON — Gainer, Donnelly & Desroches, an accounting firm, has relocated offices and is leasing more than 45,000 square feet of space at Two Riverway, an office building located in Houston. The accounting firm will take on the office building's 15th and 16th floors.
SAN DIEGO — A 31,421-square-foot office building located at 9980 Carroll Canyon Road in San Diego has sold to National University for $5.6 million. The university plans to use this building for administrative and educational purposes. National University was represented by John Bucher of John Bucher Real Estate. The seller, Rancho Santalina, LLC, was represented by Brian Mulvaney, Bruce Sanders, Paul Brown and Matthew Bean of Voit’s San Diego office.
WOODLAND HILLS, CALIF. — Patriot National Insurance Group has leased 14,557 square feet of office space at LNR Warner Center IV in Woodland Hills. The company plans to use the space for its regional headquarters. Patriot National was represented by Dan Sanchez and Jim Cahlin of Jones Lang LaSalle. The landlord, LNR, was represented by Sanchez.
SILVER SPRING, MD. — A joint venture between Bernstein Management and Spectrum Partners has purchased the 288,392-square-foot Tech Center 29, a four-building office/flex portfolio located off Route 29 in Silver Spring, for $31.1 million from Cleveland-based DDR Corp. The portfolio is 93 percent leased. Jonathan Carpenter and James Wellschlager of Cassidy Turley represented the seller in the transaction.
NEW ALBANY, OHIO — Gladstone Commercial Corp. has purchased an 89,000-square-foot office building in New Albany for $13.3 million. The property includes a three-story office building connected to a two-story research and development facility. The building is leased to CV Management Corp., a wholly owned subsidiary of Commercial Vehicle Group (CVG). CVG is a global supplier of complete cab systems in the heavy-duty truck, construction and agricultural equipment markets.