WASHINGTON, D.C. — New York City-based Mitsui Fudosan America has entered into an agreement to acquire an 80 percent partnership interest in the 421,901-square-foot Homer Building, a trophy office building located at 601 13th St. NW in Washington, D.C., from Sydney, Australia-based Investa Office Fund for $252 million. The building is currently 90 percent leased to tenants include Amgen, General Mills and Toyota. Clarion Partners is representing the seller in the transaction, which is expected to close in January of 2012. Eastdil Secured is representing the buyer.
COLUMBUS, OHIO — Global real estate services firm Colliers International has signed a six-year lease to occupy 10,400 square feet of office space at the Two Miranova office building in Columbus. Colliers will consolidate its Columbus brokerage, marketing and research operations at Miranova, while their Polaris office will continue to house its real estate management services, valuation and accounting divisions. The landlord, Pizzuti Cos., was represented by Phil Rasey and Jim Miller of Pizzuti in the transaction.
NEW YORK CITY — New York-based SL Green Realty Corp. has acquired all of the interests in 51 E. 42nd St., a Midtown Manhattan office building. The 18-story, 142,000-square-foot building is 94 percent occupied. SL Green acquired the interest for a reported $18 million. SL Green now owns all of the buildings on the block bounded by Madison and Vanderbilt avenues between East 42nd and East 43rd streets. The other buildings include 317 Madison Ave., acquired in 2001, and 331 Madison Ave. and 48 E. 43rd St., both of which were acquired in 2007.
MORRISTOWN, N.J. — New York-based RXR Realty, a private real estate and investment company, has completed renovation of the company's 220,000-square-foot, Class A office building at 44 Whippany Rd. in Morristown. The project included upgrades to the building's lobby and common areas. RXR also added a fitness center and a meeting space for team training sessions or large conferences.
SOUTHPORT, CONN. —Washington Trust's Commercial Real Estate Group has provided $6 million to Southport Crossing, for the refinancing of a 37,500-square-foot, two-story office building at 3530 Post Rd. in Southport. The borrower was Ronald Marsilio of The Marsilio Group, which owns the property.
AUSTIN — Pearlmark Real Estate Partners has acquired Cityview Centre and The Setting I-III in Austin for a combined 284,216 square feet of office space from The Blackstone Group through its value-add fund, Aslan Realty Partners IV. Cityview Centre is a 137,763-square-foot office building located at the intersection of Loop 360 and Lost Creek Blvd., and The Setting I-III is a 146,453-square-foot office park located adjacent to Cityview Centre. The properties were 91 percent leased at the time of the transaction to tenants such as Level 3Communications; Meyertons Hood; Kivlin, Kowert & Goetzel; Coherent Logix; and KLD Energy Technologies. Luke Wheeler and Will Stewart of Transwestern's Austin office will market the property.
LOS ANGELES — A 64,144-square-foot medical office building in Northern California has received a $16.5-million, non-recourse loan with cash out that will be used to refinance the building. The loan carries a fixed rate of 6.01 percent for 10 years, a 30-year amortization schedule and a 68 percent loan-to-value. The building was constructed in 2003. Financing was arranged by Jake Roberts and Anita Paryani of Marcus & Millichap Capital Corporation’s West Los Angeles office.
LAS VEGAS — Westbay Office Park, a 107,650-square-foot office/medical office building in Las Vegas, has sold to Omninet for $7.8 million. The property is located at 3008 West Charleston Blvd. CBRE’s Charles Moore, Michael Newman and Marlene Fujita represented the lender in this transaction.
NEWBURY PARK, CALIF. – A 19,248-square-foot office building in Newbury Park has sold to Bradley Trust for $2,295,000, or $119 per square foot. The two-story building was constructed in 2002 and is located within the USA Business Center. Bradley Trust was represented by Chris Swatosh and Sam Wagner of TOLD Partners. The seller, Zions First National Bank, was represented by Stuart Scott and Shaun Bieniek of DAUM’s Ventura County office.
NEW YORK CITY — An office tower located at 137 Varick St. in Hudson Square has reached full occupancy, thanks to two new tenants and another tenant expanding its space. The NYU Poly Varick Street Incubator, an entrepreneur development program run by The Polytechnic Institute of NYU, signed a three-year lease to relocate to 28,364 square feet of space in the building's second and seventh floors. Paik Architecture agreed to a five-year lease for 2,988 square feet of office space and Unity Construction signed a four-year extension to increase its square footage to 3,100 square feet from 2,000 square feet. Trinity Real Estate, the building's owner, was represented by Marc Packman and Tom Lynch in the company's negotiations with Unity Construction and Paik Architecture. Peter Fontanetta represented Trinity in the NYU-Poly deal. All three leases were negotiated directly with the tenants.