GLENDALE, CALIF. — Studley represented MyShape, the personal shopping service for women online, in its 35,000-square-foot lease of a Crown Realty & Development office building, located at 210 W. Lexington Ave. in Glendale. Relocating from Pasadena, the company is more than tripling its square footage at the new location, which will serve as its corporate headquarters and fulfillment center. In association with Howard Reback of Bailes & Associates, Studley’s Matthew Brainard represented MyShape in the transaction, and the landlord was represented by Ray Howden of Cushman & Wakefield.
CALVERTON, MD. — Merritt Properties has purchased a 123,144-square-foot office building in Calverton from SSK VP Calverton for $6 million. Located at 3901 Calverton Blvd., the four-story building was built in 1983. Merritt will undertake extensive renovations to the property with the goal of achieving LEED-CS Gold certification. Renovations, which include installing T5 lighting with occupant sensors and waterless urinals, should be complete by next summer.
BILLERICA, MASS. — EMD Serono has topped out an expansion of its Billerica research facility. The $65 million project consists of a new 140,000-square-foot building that is scheduled for completion in late 2010. The new building will feature more than 115,000 square feet of lab and office space, comprising 25,000 square feet of chemistry and screening labs, 25,000 square feet of biology and cell culture labs, 22,000 square feet of general lab support space, 20,000 square feet of office space and conference rooms, and 23,000 square feet of mechanical space. The remainder of the building will contain central node space, housing a reception area, a cafeteria/auditorium, a fitness center, offices and conference rooms. EMD Serono will be seeking LEED certification for the project. Jones Lang LaSalle is providing construction management services and Ellenzweig is serving as project architect. EMD Serono is an affiliate of Merck KGaA, a Germany-based pharmaceutical research company.
ADDISON, TEXAS — The Dallas office of Holliday Fenoglio Fowler (HFF) has arranged $4.5 million in acquisition financing for the purchase of Addison II, a two-story, 181,000-square-foot office/flex property located in Addison. The property is situated on 11.2 acres at 4550 Excel Pkwy. and was 60 percent occupied at the time of closing. The financing contains a 5-year term and a 6.75 percent fixed interest rate. The lender was Aetna Health & Life Insurance and the borrower was Luzzatto Real Estate Value Fund I. Brandon Chavoya of HFF's Dallas office arranged the loan.
SOUTH SAN FRANCISCO, CALIF. — Jones Lang LaSalle has brokered Actelion Pharmaceuticals U.S.’s acquisition of a 138,399-square-foot office building, located at 5000 Shoreline Court within the 102-acre Sierra Point Business Park in South San Francisco. Texas-based real estate investor Archon Group was the seller. Jones Lang LaSalle’s Gregg Walker and Erich Sengelmann represented Actelion, a biopharmaceutical company, in the transaction. Archon was represented in-house.
LAS VEGAS — Marcus & Millichap has brokered the $5.35 million sale of Nucleus Plaza, a 77,188-square-foot office property located at 900 W. Owens Ave in Las Vegas. Marcus & Millichap’s Ned Zivkovic, Tina D. Taylor and Harry Delany represented the seller, a registered investment advisor out of New York. The buyer, a private investor, was represented by the brokerage firm’s Chris Cunning.
JACKSONVILLE, FLA. — Malvern, Penn.-based Liberty Property Trust has sold the 65,765-square-foot Bank of America Plaza to Acorn Ridge Plaza LLC for $4.12 million. The four-story property, which is 75 percent occupied, is located at 6622 S. Southpoint Dr. in Jacksonville. Karl Johnson of Cushman & Wakefield represented the seller.
JUPITER, FLA. — Redina Cos. is working toward a February 2011 completion of a 63,000-square-foot headquarters building for G4S Wackenhut, a security provider. The build-to-suit property will be located near the corner of Parkside Drive and University Boulevard in the Abacoa Town Center in Jupiter. The building will be constructed to green specifications and will house the firm’s sales and technology centers, training institute and additional business units.
ARMONK AND TARRYTOWN, N.Y. — Yonkers, N.Y.-based NAI Friedland Realty has brokered two New York office deals totaling approximately $11 million. First, SEMX Corp. sold a 43,700-square-foot office building located at One Labriola Ct. in Armonk to 30 Clairmont LLC for $4.7 million. Also, Children's Corner Learning Center signed a lease for 10,749 square feet of office space at 580 White Plans Rd. in Tarrytown for the operation of a daycare center. The lease is valued at approximately $6.3 million, and the landlord is RXR Realty. Both transactions were negotiated by Ellen Benedek and Carl Silbergleit with NAI Friedland.
NEW YORK CITY — Insurance and investment holding company C.V. Starr & Co. has signed a long-term lease for 141,000 square feet of office space at 399 Park Ave. in New York City. The company plans to use the space as its new world headquarters. It already occupies a full floor of the building but will now occupy three full floors, relocating employees from other New York-area offices to the new space. John Picco, David Stockel, August DiRenzo and Andrew Behymer of Cushman & Wakefield represented C.V. Starr in lease negotiations. The landlord, Boston Properties, was represented in-house by Andrew Levin and by CB Richard Ellis' Peter Turchin, John Powers and Greg Rothkin.