NEW YORK CITY — A joint venture between Metropolitan Realty Associates, Belvedere Capital and Angelo Gordon & Co. has purchased a 150,000-square-foot office condo for $33 million. The condo comprises the first eight floors of a 20-story building located at 15 E. 26th St. in Manhattan. The condo was 55 percent leased at the time of closing. Douglas Harmon of Eastdil Secured represented the seller, a joint venture between a Deutsche Bank investment fund and Walter & Samuels. The latter party reinvested with the buyers in the deal.
ORLANDO, FLA. — Victory Health Care LLC has purchased one of the buildings of I-4 Commerce Center, which is located at 1800 33rd St. in Orlando. The 12,600-square-foot office building was sold for $1.95 million. The property will be occupied by Tender Touch Health Care, a Medicare-certified home health agency. Anderson Tiu of Keller Williams Classic Realty represented the buyer; Ray Romano of CB Richard Ellis represented the undisclosed seller in the transaction.
BOSTON — Commonwealth Ventures has received $75 million in capital from investment partners Bentall Kennedy and a major pension system for the renovation of a 681,000-square-foot office building located at 185 Franklin St. in Boston's financial district. The project will include lobby and common area improvements, construction of a new entrance on High Street, a redesigned entrance on Franklin Street, the addition of 21,000 square feet of ground-level retail space, 110 new parking spaces, improvements to the property's public plaza and the installation of a lighted beacon atop the building. The building will also be renamed 50 Post Office Square. Construction will begin in March and be complete by early 2012. FHO Partners will lease the mostly vacant office component of the building, while Colliers Meredith & Grew will market the retail space.
ALLEN — Austin-based Capital Commercial has acquired Millennium Business Park, a two-story, 95,877-square-foot office building at 505 Millennium Dr. in Allen that sits on 10 acres of land. Creighton Stark, a senior vice president of Colliers International, brokered the office transaction.
NEW CANAAN, CONN. — Cushman & Wakefield has completed the sale of two office buildings in New Canaan for $6.6 million. The buildings, which were fully occupied at closing, total more than 20,000 square feet and are located at 24 and 36 Grove St. The Cushman & Wakefield team of Al Mirin and Kate Schwartz represented the seller, Defgey and Company. The buyer was 24-36 Grove LLC.
GOLDEN, COLO. — Marcus & Millichap has brokered the $7.25 million sale of the 79,705-square-foot Clear Creek Square, located at 600 12th Street in Golden. Built in 2001, the office property is situated between Washington Street and the entrance to the home of Coors. Marcus & Millichap’s Jacob Steele and Andy Glinski represented the court-appointed receiver in the transaction, and Steele and the brokerage firm’s Andy Glinski represented the buyer, a real estate investment firm.
BERGEN, N.J. — CommonWealth REIT has purchased a Class A office building from Invesco Real Estate for $20.6 million in an all-cash deal. The 120,000-square-foot, Class A property is located at 5 Paragon Drive in Montvale. The building was fully leased at the time of closing. Tenants include Thomson Reuters, Doosan Engineering and Motorola. The Holliday Fenoglio Fowler team of Jose Cruz, Andrew Scandalios, Kevin O'Hearn and Jeffrey Julien represented the seller.
NEW YORK CITY — OppenheimerFunds has signed a 15-year lease for 235,342 square feet at Two World Financial Center a 44-story, 2.3 million-square-foot office tower located in Lower Manhattan. The firm had previously been subleasing the space, which comprises a portion of the building's 10th floor and all of the 11th, 12th, 14th and 16th floors. The Cushman & Wakefield team of Stuart Romanoff, Amy Fox, Robert Constable and Maureen Kelly represented the tenant in lease negotiations. The landlord, Brookfield Properties, was represented in-house by Jerry Larkin and Duncan McCuaig.
SILVER SPRING, MD. — An investment group aligned with Adventist Healthcare has acquired a five-story, 17,000-square-foot office building in Silver Spring. Located at 8807 Colesville Road, the nearly vacant property sold for $3.5 million. Chris Kubler and Travis Glennon of NAI KLNB represented the seller, Jose F. Bonelli; Larry Walker of The Walker Group represented the buyer in the transaction.
BALTIMORE, MD. — TidalTV has signed a lease for 16,000 square feet of office space at The Offices at McHenry Row in Baltimore. The company plans to relocate to the new space from its current property in Canton, Md., by April. Joe Nolan of NAI KLNB and Tim Jackson of Cushman & Wakefield represented the developer and landlord of the project, Mark Sapperstein; David Fields of CB Richard Ellis represented the tenant. The Office at McHenry Row is the office component of the 175,000-square-foot, mixed-use McHenry Row project, which is located near the intersection of Key Highway and East Fort Avenue in Baltimore's Locust Point district.