OAK BROOK, ILL. — Boston-based The Davies Companies has partnered with Northbrook, Ill.-based Arthur Goldner & Associates to form DIV Oak Brook LLC and acquire The Crossings, a two-building office complex located at 1420 and 1520 Kensington Road in Oak Brook. The 17-acre property offers 303,515 square feet of Class A office space. The property, which is currently 66 percent leased, also features an on-site daycare facility, a full service sundry shop, an on-site café and a fitness center. The ownership has selected NAI Hiffman to provide landlord-leasing services. The NAI Hiffman team includes Daniel O’Neill, Jim Adler, Pat Kiefer and Garrett Scultz. Additional terms of the transaction were not released.
BILLERICA, MASS. — The Gutierrez Company has acquired an office/R&D property in Billerica from New Boston Fund. The two-story, 139,180-square-foot building is located at 1000-1200 Technology Park Drive. It was constructed in 1982 and renovated in 2004. Robert Griffin, Jr., David Pergola, Christopher Griffin, Brian Doherty and Torin Taylor of Cushman & Wakefield represented New Boston Fund in the transaction.
NEW YORK CITY — The New York Compensation Insurance Rating Board (NYCIRB) has signed a 15-year lease for approximately 45,000 square feet at 733 3rd Ave. in New York City. The tenant will be expanding from its previous offices, which are located at 655 3rd Ave. The Durst Organization is the landlord of both properties and will be marketing the space at 655 3rd Ave., since NYCIRB has 2 years remaining on its lease there. The space at 733 3rd Ave. will be ready for occupancy by the end of the year. James Gross of Williamson Picket Gross represented NYCIRB in lease negotiations. Durst provided in-house representation. Stroock & Stroock & Lavan LLP provided legal representation on behalf of NYCIRB, and Patterson Belknap represented Durst.
NEW YORK CITY — Construction is currently under way for the headquarters building of American Stock Transfer & Trust in Brooklyn, New York City. The project will focus on making the 145,600-square-foot building more sustainable. Energy-efficient mechanical, electrical and HVAC systems will be installed. The four-story building will also make better use of natural light. Other renovations will include a redesign of the building's façade, a new main entrance and new office layouts. W. Lerman Architects is designing the project. Completion is slated for the fourth quarter.
NEW YORK CITY — Aragon Construction has begun the tenant build-out for European Investor's new office at Rockefeller Center in New York City. The tenant will occupy 20,000 square feet on the eighth floor of the building, which is located at 640 Fifth Ave. Ted Moudis Associates is serving as project architect. European Investors is currently located at 717 Fifth Ave. and will take occupancy upon completion of the build-out in September. Rockefeller Center stands 22 stories tall and houses tenants such as H&M, Citibank and Fidelity Investments.
HOUSTON — Studely has signed a 15,000-square-foot office lease with Brookfield Properties for space in the 1.19-million-square-foot Three Allen Center. The downtown Houston property will serve as Studley's new Houston office, and the move more than doubles the firm's space. Studley represented itself in the 10-year lease. The landlord also had in-house representation.
SEATTLE — Vulcan Real Estate has completed the second phase of Amazon.com’s corporate headquarters in Seattle’s South Lake Union neighborhood. Located on the east side of Boren Avenue N. between Mercer and Republican streets, the new five-story building features 158,000 square feet of office space and 14,000 square feet of street-level retail space. LMN Architects designed the development for LEED Gold certification; Sellen Construction was the contractor.
WASHINGTON, D.C. — The U.S. Parole Commission has signed a 36,438-square-foot lease at the 412,661-square-foot Sentinel Square I/90K Street. The Class A office property, which is located at the intersection of K and 1st streets in Washington, is owned by Trammel Crow Co., Crow Holdings Realty Partners IV and Cottonwood Partners. The tenant will move into the first and third floors early next year. The General Services Administration's Joel Bereleson and Sean McNeal assisted Studley's Neil Levy and Julie Rayfield in representing the tenant.
HOUSTON — Tanner McGraw of Marcus & Millichap's Houston office has brokered the $4.3 million sale of Nanes Professional Building between two undisclosed parties. The 55,888-square-foot property, which was constructed in 1984, is located at 17030 Nanes Drive in Houston.
MANLIUS, N.Y. — Realty USA has acquired a 20,000-square-foot, Class A office building in Manlius for $1.72 million. Located at 102 W. Seneca Turnpike, the building houses medical and professional office space. The lead tenant is Internist Associates of Central New York. Realty USA plans to occupy the building's vacant 5,000 square feet of space. Peter Finn of CB Richard Ellis/Syracuse represented the seller, a Syracuse, N.Y.-based investment group. Louie Fournier of Sutton Real Estate assisted in the deal.