STAMFORD, CONN. — GE Asset Management has signed a lease that will relocate its corporate offices in Stamford. The company plans to relocate from 3001-3003 Summer St. to approximately 160,000 square feet at 1600 Summer St. in Stamford. It will occupy three full floors plus a portion of the first floor of the 260,000-square-foot building. The landlord, Benenson Capital Partners, was represented in-house by Richard Kessler and Gary Sedoruk.
HOUSTON — Hartman 1960 Properties has bought the 142,194-square-foot office building at 616 FM 1960 West in Houston from Koll Bren Fund V for an undisclosed amount. The property is 74 percent occupied. Tenants include Chase Bank and AEI Engineering. Dave Wheeler and Julian Kwok represented the buyer internally. Lucescu Realty's Mark Lucescu represented the seller.
DANBURY, CONN. — Hunter Gregory Realty has acquired a Class A office building located in Danbury from Phoenix Ridge LLC. Mountain View Corporate Center is a three-story, 65,000-square-foot building situated at 101 E. Ridge Dr. The building formerly housed GE Capital, which vacated the property in 2008. The lender, TD Bank, took control of the building in 2009. Michael Struna of Advantage Realty negotiated the deal.
COLUMBIA, MD. — Eastern Outdoor Advertising Co. has purchased the 8,500-square-foot Centre Park 100 from 8890 Centre Park Drive LLC for $2.3 million. The property is located at 8890 Centre Park Drive in Columbia. The building is fully leased by four tenants. Manekin's David Paulson represented the buyer. Gil Neuman of KLNB represented the seller.
NEW YORK CITY — The Treeline Companies has sold the former Brooklyn Savings Bank building to Midtown Equities Group for $33 million. The five-story, 87,000-square-foot property is located at 205 Montague St. in downtown Brooklyn. Occupancy is currently 100 percent. Two major banks lease the ground floor. Additional tenants include St. Vincent's Services and Massey Knakal Realty Services.
BURLINGTON, MASS. — Avid Technologies has opened its 203,000-square-foot world headquarters in the Boston suburb of Burlington. The audio and video production provider is leasing 203,000 square feet within Network Drive at Northwest Park for a 10-year term. Brian Hines and Mike Dalton of FHO Partners represented Avid in lease negotiations. Tamie Thompson, Dan Cordeau and Dan Kollar of Jones Lang LaSalle represented the landlord, Nordblom Co. Northwest Park is a seven-building, 258-acre office campus located near the interchange of Route 3 and Interstate 95. It contains a total of 950,000 square feet of space.
HOUSTON — Nabors Corporate Services has signed a 3-year lease renewal with Parkway Properties for 205,000 square feet of office space. The space is located in One Commerce Green in Houston. Nabors occupies more than 60 percent of the property.
IRVINE, CALIF. — An affiliate of Menlo Equities LLC has purchased the 143,165-square-foot Cartwright Corporate Center, a five-story, Class A office building located at 17770 Cartwright Rd. in Irvine, for $20 million. Cushman & Wakefield’s Jeff Cole, Ed Hernandez and Lars Platt and Janine Padia of JP Realty Services represented the buyer and the seller, Sunset Park Business Trust, in the transaction. Situated in the John Wayne Airport submarket, the building is nearly 70 percent leased.
COLLEGEVILLE, PA. — IMS Health Inc. has signed a lease for approximately 150,000 square feet of space in Collegeville. The tenant will occupy Highview I and Highview II, two office buildings within Providence Corporate Center. The buildings were formerly occupied by Pfizer, which exercised its option to vacate Highview II this year. It then negotiated an end to its lease of Highview I to accommodate IMS Health's lease. Ron Cariola of Jones Lang LaSalle represented IMS Health in lease negotiations. Whitney Hunter and Michael Morrone, also of Jones Lang LaSalle, represented the landlord.
HOUSTON — Gloria Parrino of Betz Commercial Brokerage has represented an undisclosed landlord in two leases in the Legacy Park Office Center, which is now fully occupied. The 48,139-square-foot property is located at 10940 W. Sam Houston Parkway in Houston. Strayer University, represented by Cushman & Wakefield's Louis Christopher and Kevin Saxe, leased the entire 16,782-square-foot second floor. Elliott Group, represented by RE/MAX Grand's Julie Sawyer, leased 8,991 square feet.
