NEW YORK CITY — Global law firm Freshfields Bruckhaus Deringer (FBD) has signed a long-term lease for 108,000 square feet at 601 Lexington Ave. in Midtown Manhattan. The law firm will relocate to the 59-story tower in mid-2011 from its current offices at 520 Madison Ave. The new lease represents a 38,000-square-foot expansion. The Studley team of Mitchell Steir, Michael Colacino, Matthew Barlow, David Goldstein and Colm Ralph represented FBD in lease negotiations. Frank Doyle and David Kleiner of Jones Lang LaSalle represented the landlord, Boston Properties.
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IRVING — Regent Place, a 41,839-square-foot office property located at 1304 W. Walnut Hill Ln. in Irving, has changed hands for an undisclosed amount. A Coppell, Texas-based limited liability company purchased the property from a Washington, D.C.-based partnership. Craig Lewin, Patrick Giles, Josh Levy and Marty Cohan of Marcus & Millichap represented the seller, and the property was approximately 55 percent occupied at the time of the sale.
SAN DIEGO — CB Richard Ellis has handled the $5.4 million sale of a 39,908-square-foot corporate headquarters/flex/office building located at 15150 Avenue of Science in San Diego’s Carmel Mountain Ranch. CB Richard Ellis’s Paul Lafrenz, Paul Komadina, Christina Roush, Bill Dolan and Scott Kincaid represented the seller, DISKO, of the single-story property, which is currently 82 percent leased; CBRE’s Sam Higgins represented the buyer, Cal Sorrento LTD, in the transaction.
WESTFORD, MASS. — NetScout Systems has signed an early lease renewal for its 175,000-square-foot headquarters building in Westford. The Class A office building, which is located at 310 Littleton Road, was constructed as a build-to-suit for NetScout in 2001. Chris Crooks, Joe Doyle, Adam Subber and Dan Sullivan of CresaPartners' Boston office represented the tenant in lease negotiations. The landlord, Gutierrez Co., provided in-house representation.
EL SEGUNDO, CALIF. — Madison Partners has closed the $28.5 million sale of a 125,594-square-foot office building located at 501 Continental Blvd. in El Segundo. One-hundred percent leased to Teledyne Technologies for the next 7 years, the two-story, single-tenant facility situated on approximately 6.3 acres was purchased by Continental Property LLC. Madison Partners’ Bob Safai represented the seller, RW Continental LP, in the transaction.
SAN ANTONIO — Aviat Networks has signed a lease for 23,293 square feet of office space at Network Crossing, which is located at 5250 Prue Road in San Antonio. The company previously sold its San Antonio facility, which was located in University Business Park. Keith Zimmerman of UGL Equis represented Aviat in lease negotiations. Russell Noll and Kelly Ralston of Transwestern represented the landlord, TDC Prue Road LP.
HOUSTON — Houston-based Q10 Kinghorn, Driver, Hough & Co. has arranged a $2.5 million loan for the refinancing of a 64,086-square-foot office building located in Houston. Q10's Larry Peters arranged the deal, which consisted of refinancing a maturing CMBS loan, on behalf of the undisclosed borrower through Kansas City Life Insurance Co. Terms of the loan were not disclosed.
SAN DIEGO — Cruzan Monroe has purchased a 48,100-square-foot office building, located at 7650 Convoy Court in San Diego’s Kearny Mesa submarket, from Pacific Bell Telephone Co. for $5.05 million. CB Richard Ellis’ Paul Komadina, Paul Lafrenz and Christina Roush represented the buyer in the transaction, and the brokerage firm’s Rob Merkin and Bill Dolan represented the seller. Cruzan Monroe plans to immediately begin upgrades to the single-story property, which was built in 1971 and formerly occupied by AT&T.
PALM CITY, FLA. — Surgical Laser Solutions has acquired a 16,000-square-foot office property located on Bruner Terrace in Palm City. P&VB Associates sold the property for $1.45 million. Nikolaus Schroth and NAI Southcoast brokered the transaction.
BRAINTREE, MASS. — A joint venture between Braintree, Mass.-based Campanelli Cos. and Dallas-based TriGate Capital has acquired an eight-property distressed real estate portfolio located in eastern Massachusetts and southern New Hampshire. The properties include a 137,000-square-foot office building located at 9 Townsend Drive West in Nashua, N.H.; a 60,068-square-foot flex property and a 25,000-square-foot office property located in Wilmington, Mass., at 261 and 255 Ballardvale St., respectively; a 49,500-square-foot flex property located at 5 Cornell Place in Wilmington, Mass., and a 39,727-square-foot flex property located at 10 Cornell Place; and 44,804- and 42,291-square-foot office buildings located in Billerica, Mass., at 700 and 900 Technology Park Drive, respectively. The Eastdil Secured team of James McCaffrey, Peter Joseph, Christopher Phaneuf and Brian Barnett represented the receiver in the sale. In addition, the joint venture acquired a ninth property, a 101,060-square-foot flex building located in Westwood, Mass., from Analog Devices. In this deal, Taryn Wilson of Grubb & Ellis represented the joint venture, and Adam Subber of CresaPartners represented Analog.