JERSEY CITY, N.J. — Tower Insurance Co. of New York has signed a 10-year lease for 76,892 square feet at Harborside Financial Center in Jersey City. The insurance company will occupy space within Harborside Plaza 2, a 761,2000-square-foot building. Harborside Financial Center is comprised of five office buildings. Mark Ravesloot, Scott Sloves and David Opper of CBRE represented the tenant in the transaction. Mack-Cali Realty Corp. is the landlord.
WILMINGTON, DEL. — Geico and Wells Fargo have signed lease renewals at 919 North Market St., an 18-story office building in Wilmington. Wells Fargo signed a lease extension for 6,251 square feet. Geico, a large insurer and tenant of the building since 1999, extended its lease for 3,497 square feet. Newmark Knight Frank Smith Mack represented the landlord, Keystone Property Group, in the transaction.
SANFORD, FLA. — A 36,264-square-foot office building, located at 101 E. First St. in Sanford, has sold for $1.2 million. Robert Blackwell and Michael Heidrich, Sr., of Maitland, Fla.-based NAI Realvest represented Ft. Lauderdale, Fla.-based One Hundred One, the seller, in the transaction. Mayer Gross of ASD Realty represented Lilac Group-Sanford, the buyer.
FRISCO — MoneyGram International has signed a new 25,287-square-foot lease of the entire third floor of 3000 Internet Boulevard, a 150,000-square-foot, Class A building located in Hall Office Park in Frisco. The tenant has an option to expand within the park to accommodate potential growth. Jeff Staubach and Brooke Armstrong of Jones Lang LaSalle's Dallas office represented the tenant in the transaction. The landlord, Hall Financial Group, was self-represented by Kim Vincent Butler, Tammy Lomonaco-Nellis and Brad Gibson. Linda Burns and Dennis Donovan of Bridgewater, N.J.-based WDG Consulting provided site selection services.
TORRANCE, CALIF. — Hager Pacific Properties has purchased a 28.27-acre industrial site in Torrance for an undisclosed sum. It is located at 19500 Mariner Ave. The company plans to renovate the site and offer about 45,000 square feet of buildings for lease. Hager purchased the property from Dow Chemical Company, which used the site as a manufacturing and terminal distribution center. The sale was managed by Ashley Dillard of CB Richard Ellis in Chicago.
DETROIT — Twitter, the San Francisco-based social media company, is opening an office in Detroit at the M@dison Building. The M@dison Building, located at 1555 Broadway, is owned by Rock Ventures LLC, the umbrella entity for Dan Gilbert's portfolio of companies, investments and real estate. Gilbert is the chairman and founder of Quicken Loans. The building is already home to several tech companies such as Detroit Labs and Doodle Home. Twitter's new office will include a team of employees who help advertising agencies and marketers use Twitter's advertising products, according to a statement. Rock Ventures' management firm, Bedrock Real Estate Services LLC, represented both parties in the deal.
PEARLAND — HFF has arranged $12 million in refinancing for the 76,048-square-foot Shadow Creek Business Center, a Class A office building located along Shadow Creek Parkway in the Shadow Creek Ranch community in Pearland. Colby Mueck of HFF's Houston office led the team that arranged the 10-year loan through Ladder Capital Finance on behalf of the borrower, ZT Group Business Center One. The property is currently 92 percent leased.
PLEASANTON, CALIF. — MIG Real Estate has purchased the Britannia Business Center in Pleasanton for an undisclosed sum. The 135,210-square-foot center is located in the Hacienda Business Park, which consists of Class A office and R&D buildings. This is MIG’s first Bay Area acquisition. The company plans to invest up to $600 million throughout the year on office, retail, hotel and multifamily properties located in the West’s major markets. MIG represented itself in this transaction, while HFF’s Steve Golubchik, Michael Leggett, David Karol and Gerry Rohm represented the seller.
ESCONDIDO, CALIF. –The 28,774-square-foot Mission Office Park in Escondido has sold to Pacifica Enterprises (PEI) for an undisclosed sum. The park is located at 504-508 W. Mission Ave. and was 48 percent leased at the time of sale. Edward Indvik of Lee & Associates-Investment Services Group, along with Rusty Williams and Kyle Bowlsby of the firm’s Carlsbad office, represented both the buyer and the seller in this transaction.
MASON, OHIO — Top Gun Sales Performance has purchased a new headquarters building in Mason for $3.6 million to expand its operations. The global sales support organization will relocate to 5155 Financial Way, a 67,000-square-foot building. Andrew Kahn of NAI Bergman represented Top Gun in the deal. Bill Poffenberger of Jones Lang LaSalle represented the seller, Fortis Properties.