EAST BRUNSWICK, N.J. — Newmark Knight Frank represented PNC Bank in a 131,363-square-foot lease extension at Tower Center II in East Brunswick, N.J. David Simpson of Newmark Knight Frank's New Jersey office represented the tenant in the transaction. The owner, a major pension fund, was represented by Joseph Sarno of CB Richard Ellis. The new lease includes the exchange of two floors and remodeling of the current layout.
GILBERT, ARIZ. — Acquinity Interactive plans to open a new call center at 1030 N. Colorado Street in Gilbert. The Internet marketing firm has leased 22,186 square feet at the single-story office building and has recently announced plans to hire up to 200 workers before year’s end. Jim Trobaugh, Chris Hook and Rob Marsh of CBRE’s Labor Analytics Group represented Acquinity in its four-year lease agreement. The landlord, DT Credit Company LLC, was represented by Mike McQuaid and Mike Garlick of Lee & Associates.
GROVEPORT, OHIO — Rancho Dominguez, Calif.-based Union Supply Co. has signed a long-term lease agreement for 315,534 square feet in building seven at Opus Business Center in Groveport, Ohio. Rick Trott, Mike Hurd and Kevin McGrath of Cassidy Turley represented the building owner, Opus Development Corp., in the transaction. San Diego-based McKinney Brokerage Group represented Union Supply Co.
TRUMBULL, CONN. – Cushman & Wakefield has completed the sale of Trefoil Park, a five-building, 230,677-square-foot office park in Trumbull, Conn. The park is 92 percent leased and tenants include Office Depot and Sun Products. Thomas Leary, David Bernhaut and Grace Braverman of Cushman & Wakefield represented the seller, Boston-based New Boston Fund Inc. They also represented the buyer, The Silverman Group.
SAN ANTONIO — San Antonio-based Ironsight Properties has purchased a 11,500-square-foot office building, located at 14414 Blanco Rd. in San Antonio, from San Antonio-based GSSW EC Ventures. Sandi Leone of 4M Realty's San Antonio office represented the buyer in the transaction, and Carrie Caesar of CBRE's San Antonio office represented the seller.
ATLANTA — The 375,085-square-foot One Georgia Center, located at 600 W. Peachtree St. in Atlanta, has been sold for $48.6 million. Stewart Calhoun, David Meline, Samir Idris and Casey Masters of Cushman & Wakefield's Atlanta office represented Cousins Properties, the seller, in the transaction. Newton, Mass.-based Government Properties Income Trust was the buyer.
HARLEYSVILLE, PA. — King of Prussia, Pa.-based Jack Horner Communications Inc., a public relations firm, has purchased the former Harleysville National Bank Building in Harleysville, Pa. The two-story, 11,381-square-foot building is located at 474 Main St. The Harleysville National Bank property was previously owned by First Niagara, which also financed the transaction. Jack Horner Communications plans to renovate and move into the space in January from its current headquarters. Terry Derstine of Harleysville-based Prudential Rittenhouse Realty Group represented both parties in the transaction.
THE WOODLANDS — The Woodlands Development Co. will soon break ground on the 192,000-square-foot 3 Waterway Square Place, a nine-story office building located in The Woodlands Town Center at the corner of Lake Robbins Drive and Woodloch Forest Drive in The Woodlands. The building was designed by Boston-based Elkus Manfredi. The top three floors are pre-leased to Nexeo Solutions. The building is slated for an early 2013 completion.
HOUSTON — CBRE has arranged $19.2 million in financing for 2603 Augusta, a 242,447-square-foot office building in Houston's Galleria area. Bernard Branca of CBRE's Houston office, along with John Clifford and Keith Huizinga of the firm's Chicago office, arranged the 3-year loan through Bank of America on behalf of the borrower, CBRE Strategic Partners U.S. Value 5, LP.
SIERRA VISTA, ARIZ. – The 23,485-square-foot General Services Administration (GSA) building in Sierra Vista has sold to a New York-based REIT for $7.4 million. The property is a former Lazy Boy showroom that was renovated and converted into an eco-friendly office building. It is fully occupied by the Department of Interior. The U.S. Federal Government has a 10-year lease at the single-tenant, freestanding property. The transaction was brokered by Mark Phillips, managing director of Sperry Van Ness.
