COLUMBIA, MD. — Prologis has sold its 20-building office/flex portfolio totaling 588,009 square feet in three business parks. The portfolio, which is 93 percent leased, includes properties in Columbia Gateway Business Park, Columbia Business Center and Oakland Ridge. Jonathan Carpenter and James Wellschlager of Cassidy Turley's Baltimore office represented the seller in the transaction. The buyer was a New England-based institutional investor.
ALPHARETTA, GA. — Atlanta-based OA Development has purchased two office buildings totaling 135,000 square feet, located at 2555 and 2573 Westside Pkwy. in Alpharetta, for $11.24 million. The buildings are currently 89 percent leased to tenants including ADP. American National Insurance Co. provided debt capital for the acquisition, and Tom Shafer of Atlanta-based Resource Real Estate Partners represented Sentinel Lakeview Realty, the seller, in the transaction.
ARLINGTON — Grubb & Ellis has arranged the lease renewal of 120,847 square feet of office space, located at 4300 Centreway in Arlington. Heather Densmore Shover and Chris Wright of Grubb & Ellis' Dallas office represented the landlord, Wells REIT II, in the lease transaction. Frank Ricca and Todd Burnette of Jones Lang LaSalle's Fort Worth office and Matthew Ruffing of the firm's Stamford, Conn., office represented the tenant, Aetna Life Insurance Co.
DALLAS — Newport Beach, Calif.-based KBS Realty Advisors signed Staffelbach Designs and Associate, an architectural firm, to a lease renewal of 19,855 square feet of office space at KBS' 2525 McKinnon office tower in Dallas. The 109,810-square-foot office tower is 90 percent leased. Staffelbach Designs was self-represented in the lease transaction. Kim Brooks of Transwestern's Dallas office represented the landlord.
SAN ANTONIO — Corporate Office Properties (COPT) has sold a 95,000-square-foot office building, located at Sentry Gateway 100 in the Sentry Gateway office campus in San Antonio, for $15.5 million. COPT built the property in 2010, and the building was vacant at the time of the sale. The sale represented an opportunistic asset for the end user.
ALLEN — Connecticut-based Frontier Communications Corp. has opened a 84,000-square-foot communications center, located at 805 S. Central Expy. in Allen. The center houses 500 employees and features a National Operations Center with specialized telecommunications equipment.
HOUSTON — Houston-based GSL Welcome Group has acquired a 48,710-square-foot office/warehouse property, located at 4300 Pasadena Freeway and Beltway Green Boulevard in Houston. The acquisition is GSL's 14th property in the Deer Park/Pasadena area. Hagemeyer North America is the property's sole tenant. Welcome Wilson and Danielle Gann represented the buyer in the transaction. Tyndall Yapp of Capital Commercial represented the seller, Capital Commercial Investments.
THE WOODLANDS — BANDIER Investment Services has arranged the sale of two office buildings totaling 22,000 square feet in the Borough Office Complex in The Woodlands. Jody Czajkoski and Jason Tangen of BANDIER's Houston office represented the buyer, AVATAR Home Health Agency, in the transaction. The property will serve as AVATAR's new corporate headquarters.
LEXINGTON, MASS. — Quanterix, a company focused on the generation of molecular diagnostic tests, has executed a new 19,802-square-foot lease in a recently renovated life science lab building at 113 Hartwell Ave. in Lexington. The company is expanding by 10,000 square feet from its current location at One Kendell Square in Cambridge. Occupancy is scheduled for this April. Tucker Hansen, Joe Flaherty and Ben Coffin of Colliers International represented Quanterix in the transaction. Tom Rango, Stephen Lynch and Leah Harsfield of King Street Properties represented the landlord.
NEW YORK CITY — Brooklyn Eagle, New York City's only daily newspaper devoted exclusively to the borough of Brooklyn, has signed two five-year leases totaling 10,000 square feet at 883 Third Ave. The paper, founded in 1841, is relocating and consolidating space from a number of offices including 30 Henry St. The landlord, Industry City Associates, will build out the unit to meet the paper's specifications. Brooklyn Eagle will use part of the space to place its archive online and another portion to house its editorial and sales departments.