JERSEY CITY, N.J. — Merrill Lynch, now a division of Bank of America, has renewed its office lease at 95 Greene St. in Jersey City. The financial institution occupies all of the eight-story, 300,000-square-foot building. The building's landlord, SJP Properties, is currently pursuiing LEED for Existing Buildings certification for it.
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GOLETA, CALIF. – Hayes Commercial Group has leased 98,828 square feet of office and warehouse space to Network Hardware Resale. The company’s 41,228-square-foot headquarters will be located at 6500 Hollister Ave. The 57,600 square feet of industrial space will be located at 80 Coromar Drive. Network Hardware Resale specializes in computer network hardware. Having recently grown to a more than $200-million operation, the company felt in needed more space on the South Coast.
NAPA, CALIF. – Seavest Healthcare Properties has purchased two medical office buildings through a trust servicer, who had foreclosed on both properties in early 2010. Located at 1100 Trancas St., this two-building, 65,000-square-foot complex is adjacent to Queen of the Valley Medical Center, Napa’s only acute care hospital. This is Seavest’s fourth California-based acquisition in the past few months. The healthcare real estate fund is based out of White Plains, New York.
HAWTHORNE, CALIF. – The American Youth Soccer Organization (AYSO) has found its new headquarters with the help of NAI Capital. AYSO signed a long-term lease for 20,000 square feet at the Harbor Business Center in Torrance. AYSO had previously been headquartered in nearby Hawthorne for the past 15 years. NAI Capital’s Bill Kiefer and Randy Matusoff assisted AYSO in its nationwide search.
GOLDEN VALLEY, MINN. — Patrick Minea of NorthMarq Capital's Minneapolis office has arranged first mortgage financing in the amount of $18.5 million for Golden Hills Office Center, located at 701 Xenia Ave. South in Golden Valley. The property contains 190,758 square feet of office space. Financing was based on a 10-year term and a 30-year amortization schedule, and was arranged through NorthMarq's relationship with Cornerstone Real Estate Advisors.
GRAND RAPIDS, MICH. — Hoty Builders, LLC has completed construction of a 24,800-square-foot office building located at 3045 Knapp St. in Grand Rapids for the U.S. General Services Administration (GSA), which will lease the building. It will be home to the Social Security Administration. Hoty Builders has completed similar office buildings for the U.S. GSA throughout Ohio, Michigan and Illinois.
WOODBRIDGE, N.J. — The Hampshire Companies has held the grand opening for CENTRA, a new 110,000-square-foot, Class A office building located at 186 Wood Ave. South in Woodbridge. The company purchased the building, formerly occupied by Siemens, in 2009 and completed a top-down renovation. Amenities include sunken gardens, a fitness center, a conference center and a café. The building is LEED-Gold certified. The project team include Tishman Construction and architect Kohn Pedersen Fox Associates. Newmark Knight Frank is serving as leasing agent.
WILLIAMSBURG, VA. — The 8,375-square-foot office condominium, located in the Wells Fargo Building at 428 McLaws Cir. in Williamsburg, has been sold for $2.39 million. Cedar Park purchased the condo from Leebcor Properties at McLaws as an investment. Andy Dallas and Chris Rouzie of Cushman & Wakefield | Thalhimer's Newport News, Va., office handled the sale negotiations.
CINCINNATI — The two-story, 28,700-square-foot office building located at 8800 Governor's Hill in Cincinnati has been acquired for $2.9 million. The building is 100 percent leased by Verizon Wireless and DeVry University. A Cincinnati-based investor purchased the property from Duke Realty Corp, represented by Mike Sullivan, Jim O'Connell and Thomas Powers of Cassidy Turley. The office property is visible from Interstate 71.
CLINTON, N.J. — Ikaria has signed a lease that will relocate its company headquarters to 101,641 square feet within Perryville III, a 288,566-square-foot, Class A office building located at 53 Frontage Road in Clinton. The Jones Lang LaSalle team of Tom Reilly, Dino Mattessich and Derek DeMartino represented the tenant in lease negotiations. The landlord was not disclosed.