LIVERMORE, CALIF. – Tech Park at North Canyons, a two-building, 145,220-square-foot office/R&D property in Livermore, has sold to an unnamed buyer for an undisclosed sum. The Class A property is located at 455 and 477 North Canyons Parkway. It is 65 percent occupied. Notable tenants include Nissan, Kraft and Caltrans. The seller, Prime Finance Partners, is represented by HFF’s Steven Golubchik and Mark Damiani.
WOBURN, MASS. — ProGen Corp. has signed a lease for 30,000 square feet of office, lab and manufacturing space at 35 Cabot Road in Woburn. ProGen develops and manufactures membranes used during processes such as filtration, gas separation and chemical absorption. The company plans to move in January from its nearby site at 6 Gill St. in Woburn. The landlord is Cummings Properties.
NEW YORK CITY — ABS Partners Real Estate has arranged the $3.2 million sale of a 15,000-square-foot office building on Hillside Avenue in Queens. Steven Solomon and Jason Kling of ABS Partners represented both parties in the transaction. Built in 1973, the three-story office building includes 25 parking spaces. The main tenant, Allen Health Care, will be vacating the building in November and the new ownership plans to renovate the building and offices.
SAN ANTONIO — HFF has secured acquisition financing for Network Crossing, a five-building, 143,831-square-foot office property located at 5252 Prue Road in San Antonio. The property is 89 percent leased. Mona Carlton and Robert Wooten of HFF arranged the 10-year loan through Northwestern Mutual on behalf of the borrower, Live Oak-Gottesman Co.
TUCSON, ARIZ. – The former Pella Corporation building in Tucson has sold to BH Pella Drive, LLC for $5.2 million. The buyer is an affiliate of BH Properties. The 260,000-square-foot manufacturing and warehouse facility, also known as the Aero Business Park, is located at 6700 South Pella Drive. BH Properties was represented by Steve Cohen and Russell Hall of Picor Commercial Real Estate Services. The seller, Pella Corporation, was represented by Chuck Pawlak of Binswanger.
LIVERMORE, CALIF. – Tech Park at North Canyons, a two-building, 145,220-square-foot office/R&D property in Livermore, has sold to an unnamed buyer for an undisclosed sum. The Class A property is located at 455 and 477 North Canyons Parkway. It is 65 percent occupied. Notable tenants include Nissan, Kraft and Caltrans. The seller, Prime Finance Partners, is represented by HFF’s Steven Golubchik and Mark Damiani.
TUSTIN, CALIF. – An 18,120-square-foot office building in Tustin has sold to Americana Project One, LLC, for $2.44 million. The vacant building is located at 111 Fashion Lane. Chuck Wilson and Blake Garrett of Colliers International represented both the buyer and the seller, Chu Family Trust, in this transaction.
UNION, N.J. — Marcus & Millichap has arranged the $3.4 million sale of two adjacent office buildings in Union. The buildings, located at 2810-2816 Morris Ave., are 97 percent occupied. Nat Gambuzza and Matt Radwan of Marcus & Millichap represented the seller, a local investor. They also secured the buyer, also a local investor.
CONROE — Levey Group will begin constructing a 14,000-square-foot office/warehouse facility in Conroe. The design/build project will house Oklahoma City, Okla.-based Kimray's Distributor division. Construction is slated to begin in January 2013.
TUSTIN, CALIF. – An 18,120-square-foot office building in Tustin has sold to Americana Project One, LLC, for $2.44 million. The vacant building is located at 111 Fashion Lane. Chuck Wilson and Blake Garrett of Colliers International represented both the buyer and the seller, Chu Family Trust, in this transaction.