CORAL GABLES, FLA. — AJP Ventures has topped off the $9 million, 58,000-square-foot The Building, located at 2990 Ponce de Leon Blvd. in Coral Gables. The Class A office building is slated for completion in June. The Building is 65 percent pre-leased to tenants, which include Zubi Advertising and Mas Group. A joint venture between Juan Carlos of The Mas Group of Companies and TAZ Partners is developing the property.
HINGHAM, MASS. — Sheskey Architects has been selected to design Hingham Technology Park 3, a new office development to be built on a 9-acre parcel in Hingham, suburb to the southeast of Boston. The concept calls for the construction of two LEED certified office buildings with parking garages and ground-level parking. The design also requires the razing of the existing 61,000-square-foot building, located on the site. For many years, the building was home to the South Shore Educational Collaborative. The project will mark the second time in a decade that a new major office development project is being planned for Hingham.
ENCINITAS, CALIF. — Westcore Properties has purchased a 37,398-square-foot office building in Encinitas for $6.8 million. The building is fully leased to tenants like Scripps Health and St. Katherine’s College. Westcore was represented by Joe Anderson and Rick Reeder of Cassidy Turley. The seller, HBTFT, LLC, was represented by Strom Commercial.
OAKBROOK TERRACE, ILL. — Kemper Corp., a national financial services provider, has signed a 30,462-square-foot office lease renewal at Oakbrook Terrace Tower in Oakbrook Terrace. Andrea Van Gelder, Diana Riekse and Kellen Monti of Jones Lang LaSalle's Chicago office represented the tenant in the transaction. Bruce Renwick, also of firm's Chicago office, represented the building owner, Arden Realty Inc.
BREINIGSVILLE, PA. — A New York-based investment company has purchased TEK Park, a technology office campus in Breinigsville, for more than $50 million. The seller, MRA Group, had purchased the property in 2005 for $9.3 million and rebranded it TEK Park. The 137-acre property is reported to have cost more than $300 million to construct. The campus is 90 percent occupied and more than 600 area residents are employed onsite.
DALLAS — Dallas-based U.S. Risk Insurance Group has moved its headquarters to a 41,800-square-foot space in One Lincoln Park, located at 8401 North Central Expressway in Dallas. Bill McClung, Mike Wyatt, Robbie Baty and Grant Pruitt of Cushman & Wakefield of Texas' Dallas office represented the tenant in the lease transaction. Chris Axley and Elliot Prieur of Lincoln Property Co.'s Dallas office represented the landlord, Lincoln Park Partnership.
CHICAGO — Summit Design + Build LLC has been selected as the general contractor for American Society for Surgery of the Hand's (ASSH) new corporate headquarters. The facility will be located at 822 W. Washington Blvd. in Chicago. Crews will reconstruct an existing, 30,000-square-foot office and warehouse structure and install a new elevator, stair systems and plumbing. ASSH will occupy the entire second floor, while the first floor will contain loft-style office space. The ASSH build-out will include private offices, a conference room and a yoga room. MRSA Architects and Planners is designing the project, which is scheduled for completion in the second quarter of this year.
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.
