HIGH POINT, N.C. — Showplace Acquisition Co., a subsidiary of International Market Centers, has purchased The Showplace Portfolio, an approximately 700,000-square-foot, five-building asset in High Point, for $46 million. Mark Gilbert, Samir Idris, David Meline, Carl Muhlstein and Stewart Calhoun of Cushman & Wakefield's Southeast Markets Group, along with Sean Dowell of Commercial Carolina Corp.'s Greensboro, N.C., office, represented the seller, Torchlight Investors, in the transaction. The portfolio consists of a four-building, 584,000-square-foot portfolio and the adjacent 115,600-square-foot Showplace West office building.
LORAIN, OHIO — Luttner Real Estate Investment Services has brokered the $3.12 million sale of a 11,606-square-foot freestanding building, located at 221 W. 5th St., in Lorain. The U.S. Social Security Administration has a 13-year lease on the building, which commenced in April. Dan Lariccia of Luttner's Cleveland office represented the seller, a private developer, and procured the buyer, a private investment group.
SUGAR LAND — Planned Community Developers, Ltd. has developed and opened Town Square Office Suites, an approximately 15,000-square-foot Class A office space development in Sugar Land Town Square, a mixed-use development at the U.S. Highway 59 and State Highway 6 intersection in Sugar Land. The full-service office space features temporary offices, 24/7 virtual support, furnished meeting space, a business lounge, concierge services, reception services and a sky bridge. Lee Mitchell with Ambrose, McEnany and House Architects designed the property, while Trademark Construction was the general contractor.
SANTA CLARA, CALIF. — Accounting firm KPMG LLC has signed a long-term lease at Equity Office’s Mission Towers I in Santa Clara. KMPG is currently a tenant at Equity Office’s Mountain View Gateway property. It will make a move during the fourth quarter of 2011 into its new 78,000-square-foot space at the 12-story, Class A office building. KPMG LLC was represented by CBRE’s Ken Gilbert. The landlord was represented by Todd Hedrick of Equity Office.
WHITE PLAINS, N.Y. — GHP Office Realty, the office building division of Houlihan-Parnes Realtors, has sold a 45,000-square-foot office property at 12 Water St. in downtown White Plains for $3.9 million. Jamie Schwartz of GHP procured the buyers, local investors who plan to renovate the property.
NAPLES, FLA. — C-B Associates has sold a 44,248-square-foot medical office park, located at 6400 Davis Blvd. in Naples, to an undisclosed buyer for $6.5 million. Current tenants include Naples Community Hospital, Naples Diagnostic and Imaging Center, Collier Healthcare Service and LabCorp. Doug Olson of Fort Myers, Fla.-based Commercial Property Southwest Florida, a Cushman & Wakefield alliance member, represented the seller in the transaction.
GREENWICH, CONN. — A 15,000-square-foot office property at 95 E. Putnam Ave. in Greenwich has been sold for $4.6 million. The building is fully occupied by tenants like Chatsworth Securities, The Federalist, Gabriel Shimon Hair Sallon and Sanguine, Inc. Jamie Schwartz of GHP Office Realty, the office building division of Houliahn-Parnes Realtors, procured the buyers, Greenwich-based investors, and Elizabeth Smith of Goldberg Weprin Goldstein represented the sellers.
SAN DIEGO — West Bernardo Corporate Center has reached 100 percent occupancy after two new leases were completed. Zarlink Semiconductor recently renewed its 15,121-square-foot space for 72 months, while D&K Engineering signed a new lease for 15,090 square feet for 60 months. Located at 15822 Bernardo Center Road in the Rancho Bernardo submarket of San Diego, West Bernardo Corporate Center is a 60,344-square-foot flex office building. Zarlink Semiconductor was represented by Alex Hayden of Cushman & Wakefield, while David Marino and Shane Poppen of Hughes Marino represented D&K Engineering. Jones Lang LaSalle’s Jay Alexander and Ryan Grove represented the landlord, Arden Realty, in both lease transactions.
PHILADELPHIA — Liberty Property Trust/Synterra Partners has broken ground on Iroko Pharmacy's new headquarters in the Philadelphia Navy Yard Corporate Center. The 56,412-square-foot Class A office building is four stories tall and is slated to be delivered in late 2012. Philadelphia-based DIGSAU designed the Iroko Building for Liberty/Synterra to achieve LEED Gold Core and Shell certification. Liberty is investing $15.4 million into the Iroko Building's development.
NEW YORK CITY — The Open Society Foundations, founded by billionaire George Soros, has signed a lease with M1 Real Estate for 160,000 square feet of office space inside the Argonaut Building at 224 W. 57th St. in New York City. The Open Society Foundations will occupy its new headquarters in the third quarter of 2012. Colliers International's Brian Given, Michael Cohen, Robert Bakst and Robert Sass represented the landlord, M1 Real Estate, in the transaction, while James Coleman and Steve Kaufman of Hanley Advisors and CB Richard Ellis' Eric Deutsch represented the Foundations. More than $25 million has been spent in renovations to the Argonaut Building, which is LEED Gold certified. The Foundations has joined General Motors and The Hearst Corporation as being one of three tenants to occupy the space since the Argonaut's construction in 1909, according to M1 Real Estate.