WINTER PARK, FLA. — Winter Park-based Freedom Holding Co. has purchased a 5,600-square-foot office building from The Benton Aubourne Irrevocable Trust for $1.15 million. The property is located at 831 W. Morse Blvd. in Winter Park. NAI Realvest's Jack Lynch brokered the sale.
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TROY, MICH. — BeneSys Inc. has inked a deal for 29,937 square feet of office space at 700 Tower Drive in Troy. BeneSys is a provider of administrative and informative technology services to clients. Steve Morris of Newmark Knight Frank negotiated the lease on behalf of tenant. The landlord and terms of the lease were not released.
WALTHAM, MASS. — The Boston office of Grubb & Ellis has arranged the sale of a 22,000-square-foot, Class B office building for $3.5 million. The property is located at 330 Bear Hill Road in Waltham. Tom Aitken of Grubb & Ellis' Boston office represented the seller, BMEK Bear LLC. Steve Moskowitz of Heritage Corp. represented the buyer, Bear Hill Road 330 Realty Trust.
CHELMSFORD, MASS. — Integrated Builder has been selected to complete an interior office build-out at 150 Apollo Drive in Chelmsford. The contractor will build out 80,000 square feet on behalf of Harris Corp., a communications and information technology company. The project is slated for a May completion and is being designed by IA Interior Architects. Integrated recently completed or is nearing completion for three interior build-outs at neighboring 300 Apollo Drive.
SEATTLE — Amazon.com has signed an approximately 180,000-square-foot lease for the remainder of Class A office space at Vulcan Inc.’s 2201 Westlake in the South Lake Union area of Seattle. The company expects a mid-year move-in at the mixed-use, LEED Gold-certified development, which was completed in July 2009.
ROCKVILLE, MD. — The Realty Associates Fund IV has sold the 135,664-square-foot Montrose Office Park to a private party for $22.5 million. The three-building property is located at 3202, 3204 and 3206 Tower Oaks Blvd. in Rockville. McShea & Co.'s Brian McCarthy, Bob Dickman and Bob Wrightson represented the seller.
LAKE MARY, FLA. — Remington Administrative Services has purchased a 75,860-square-foot office building from an undisclosed party for $10 million. The property, which houses the administrative headquarters for Remington Colleges, is located at 500 International Parkway in Lake Mary. Realvest Capital Advisors arranged financing for the purchase. George Livingston and Christie Alexander of NAI Realvest brokered the sale.
ROCKVILLE, MD. — SunTrust Bank and Thomson Reuters have leased a total of 90,516 square feet from The Realty Associates Fund VIII in Rockville. Thomson Reuters signed a new 5-year lease for 69,686 square feet; SunTrust renewed its 20,839-square-foot lease for 7 years. Located at 1445 Research Blvd. in Rockville, the property is currently 90 percent leased. McShea & Co.'s Bob Dickman and Brian McCarthy represented the landlord in the transaction.
OAK BROOK, ILL. — An out-of-state private investor has acquired Midwest Plaza South, an office building located at 2021 Midwest Road in Oak Brook. The 55,993-square-foot, multi-tenant property sold for $6.65 million or $120 per square foot. The property has maintained a median occupancy of 95 percent during the past 10 years. Howard Wiese and Rasto Gallo of Marcus & Millichap’s Chicago office brokered the transaction, which was an all-cash 1031 exchange. The seller was not disclosed.
BLOOMFIELD HILLS, MICH. — Woodhills Properties has purchased the former Republic Bank Building in Bloomfield Hills. Located at 40700 Woodward Ave., the property offers 29,307 square feet of office space. LBUBS 2005-C2 Bloomfield Hills LLC sold the property for an undisclosed price. Todd Hawley and Barry Swatsenbarg of Friedman Real Estate Group represented both parties in the transaction.