CHESTERFIELD, MO. — Banyan Ventures has sold 14897 Clayton Rd. in Chesterfield, a 12,880-square-foot office building, for $1 million. The new owners, Andreas Loakimides, Jayson Hardie & Gregory Aftayev, plan to remodel the common areas, exterior landscaping and resurface the parking lot. Tim Balk of Solon Gershman represented the seller in the transaction. John Pennington of Savoy Properties represented the buyers.
ISLANDIA, N.Y. — Damianos Realty Group, one of the largest property owners in Long Island, has purchased a 40,000-square-foot office building in Islandia, for $3.8 million. Located at 3001 Expressway Dr. North, the Class B building is 50 percent occupied by medical tenants, including HealthSource and Stony Brook University Hospital. The new owner plans to redesign and upgrade the facility. The seller was Spencer Savings Bank of Elmwood Park, N.J. No brokers were involved in the all-cash deal.
NEW YORK CITY — The New York State Council of the Arts, which supports the activities of arts and cultural organizations throughout the state, will move its headquarters to 300 Park Ave. South from its current office at 175 Varick St. The council signed a 10-year lease for 13,487 square feet in the building, which includes tenants such as the Whitney Museum of American Art and Wilhelmina Models. Rockrose Development Corp. is the building owner and was represented in-house by Craig Deitelzweig. The council is expected to occupy the space by the second quarter of this year.
DALLAS — Mathis Donheiser & Jeter, a Dallas-based law firm, has leased the entire 26th floor — approximately 7,236 square feet — of the Adolphus Tower, located at 1412 Main St. in Dallas. The new office features hardwood finishes, custom cabinetry, a conference room and a kitchenette. The law firm will move into its new office once construction is complete, tentatively set for early this month. Carla Machulis of Henry S. Miller's Dallas office represented the landlord in the lease transaction. Craig Wilson and Dan Harris of Cassidy Turley's Dallas office represented the tenant.
SALEM, ORE. — Capitol City Business Center in Salem has sold to an institutional owner for nearly $31 million. The 233,358-square-foot office building is located at 4600 25th Ave. NE. Buzz Ellis, Michel Seifer, Paige Morgan and Aaron Herter of Jones Lang LaSalle’s Capital Markets team represented Angelo Gordon and Meriwether Partners on this transaction.
WESTON, FLA. — Coral Gables, Fla.-based Flagler Real Estate Services (FRES) has arranged the $16.1 million sale of a portfolio of two office buildings, located at 2000 and 2002 Ultimate Way in Weston. The properties, which total 61,624 square feet, are the corporate headquarters for Ultimate Software. David Duckworth of Coral Gables, Fla.-based FRES represented the sellers, TP Eight & TP Nine, in the transaction. The buyers were Sterling Investments I and Sterling Investments II.
HOUSTON — Keller Williams Realty Metropolitan has plans to relocate its Houston corporate office to the entire second floor — approximately 19,000 square feet — of 5050 Westheimer Road, a 71,000-square-foot Class A office property in Houston's Galleria/Uptown District. More than 300 real estate agent will be based in the property, which will serve as a training facility. The relocation is slated for June 2012. Kyle Drake and Matt Moake of Houston-based Drake Realty Group, a member of KW Commercial, represented the tenant in the transaction. The landlord is Black Forest Ventures.
FORT LAUDERDALE, FLA. — Nipro Diagnostics has purchased a 78,339-square-foot office property, located at 220 W. Cypress Creek Rd. in Fort Lauderdale, from Cypress Creek Holding for $10.8 million. The buyer will occupy the entire building as its corporate headquarters. Kimberly Barbar of Fort Lauderdale-based Stiles Realty represented the seller in the transaction. Steve Wasserman of Jones Lang LaSalle's Fort Lauderdale office represented the buyer.
CHICAGO — The 661,4770-square-foot office building located at 150 N. Michigan Ave. is for sale in Chicago. Bruce Miller, James Postweiler and Nooshin Felsenthal of the Chicago office of Jones Lang LaSalle are marketing the property on behalf of SEB Investment. The property is currently 77 percent leased. In 2011, Crain Communications selected 150 N. Michigan as the new home for its Chicago offices. Crain leased 65,487 square feet and the tower will be renamed the Crain Communications Building when the media company takes occupancy this April.
NATICK, MASS. — MathWorks Inc. has renewed and expanded its lease at 24 Prime Park Way in Natick. MathWorks, which specializes in mathematical computer software, expanded to 40,000 square feet, adding 22,000 square feet of space on the second floor. Garry Holmes of the Wayland, Mass. office of R.W. Holmes Realty Co. represented MathWorks in the transaction. Craig Johnson of R.W. Holmes represented the landlord, LMF Cochituate Corp.