Office

CRESAPARTNERS NEGOTIATES 32,408-SQUARE-FOOT LEASE

by admin July 31, 2009

EDISON, N.J. — CresaPartners has completed a 32,408-square-foot lease expansion on behalf of Camp, Dresser & McKee, a consulting, engineering, construction, and operations firm. The tenant will be taking an expanded space on the sixth floor of Raritan Plaza I in Edison. Conveniently situated in Edison, New Jersey, near the Garden State Parkway, the New Jersey Turnpike, I-287 and Routes 1, 9, 35, and 440, Raritan Plaza I is a 262,500-square-foot Class A office building, which is located within Raritan Center. Raritan Center features the New Jersey Convention and Exposition Center, several hotels, three banks, a travel agency, a day care center, News 12 New Jersey, and a U.S. Post Office, as well the regional operations for both United Parcel Service and Federal Express. Dennis Gralla, James Scancarella, and Christopher Crooks of CresaPartners represented Camp, Dresser and McKee in the transaction, and Summit Associates was represented by Vincent Visceglia.

July 31, 2009

FIRSTSERVICE WILLIAMS REPRESENTS GDS PUBLISHING IN LONG-TERM LEASE

by admin July 31, 2009

NEW YORK CITY — FirstService Williams has represented GDS Publishing in a 20,240-square-foot, long-term lease on the fifth floor at 40 Wall Street in Manhattan, New York City. GDS is relocating to the Trump owned and managed property from 12,000 square feet in its current U.S. headquarters at 33 Whitehall St. Jared Freede and Greg Wang of FirstService Williams orchestrated the deal. GDS is set to occupy the space later this year. FirstService Williams will be marketing the space at 33 Whitehall Street that GDS is leaving behind.

July 31, 2009

Office Texas

GRUBB & ELLIS REALTY INVESTORS LEASES 24,335 SQUARE FEET OF OFFICE SPACE

by admin July 31, 2009

AUSTIN, TEXAS — Grubb & Ellis Realty Investor has leased 24,335 square feet of office space at The Avallon, a five-building, Class A office complex located in Austin. Trion World Network will occupy space within Building IV, which is situated at 10814 Jollyville Rd. Lauren Spaeth of Grubb & Ellis’ Austin office represented the landlord, Grubb & Ellis Realty Investors, in lease negotiations. Chris Perry and Sloan Spaeth of Aquila Commercial represented Trion World Network. The Avallon contains approximately 318,000 square feet of office space and is currently 97 percent leased.

July 31, 2009

Office Western

30,403-SQUARE-FOOT FLEX/OFFICE BUILDING SELLS FOR $3.89 MILLION

by admin July 31, 2009

PHOENIX — Phoenix-based JDO LLC has acquired a 30,403-square-foot flex/office building located within Southbank Business Park at 3439 E. University Dr. in Phoenix. Colonial Development sold the property for $3.89 million. The property is currently 100 percent leased to General Services Administration. Jim Fijan and Jerry Roberts of CB Richard Ellis’ Phoenix office represented the buyer; Jim Wilson and Mike Beall of Cushman & Wakefield represented the seller in the transaction.

July 31, 2009

Office Western

5,673-SQUARE-FOOT OFFICE PROPERTY FETCHES $1.15 MILLION

by admin July 31, 2009

PORTLAND, ORE. — Alan and Donna Mascard have purchased a 5,673-square-foot office property, which is located at 1305 NW 18th Ave. in Portland. 18th & Overton LLC sold the property for $1.15 million. Josh Schweitz and Kevin Joshi of GVA Kidder Mathews represented the buyer; John Gibson of Colliers International represented the seller in the transaction.

July 31, 2009

Office Southeast

KAISER PERMANENTE SIGNS 200,000-SQUARE-FOOT LEASE

by admin July 30, 2009

WASHINGTON, D.C. — Kaiser Permanente has signed a lease with Louis Dreyfus Property Group and Fisher Brothers for more than 200,000 square feet of space in the 700 Second Street at Station Place office building in Washington. Designed to LEED Silver standards, the building is 60 percent preleased. The 507,273-square-foot 700 Second Street is the third phase of the 1.6-million-square-foot Station Place office complex. Bruce Pascal, Roberta Liss, Andrew Felber, Tim Hutchens, Mark Klug and Bobby Blair of CB Richard Ellis represented the owners. Rita Robison and Andy O’Brien of Jones Lang LaSalle represented Kaiser Permanente.

July 30, 2009

Office Southeast

LAW FIRM SIGNS LEASE RENEWAL FOR 240,906 SQUARE FEET

by admin July 30, 2009

ATLANTA — The law firm Sutherland Asbill & Brennan has signed a lease renewal with Atlanta-based Jamestown Properties for 240,906 square feet of office space at 999 Peachtree. Both parties have agreed to a lease term that will expire in 2020. Sutherland Asbill & Brennan has been a tenant at 999 Peachtree since 1988. The 28-story property is located at the intersection of Peachtree and 10th streets in Atlanta.

July 30, 2009

Office Southeast

OFFICE PROPERTY PURCHASED

by admin July 30, 2009

BONITA SPRINGS, FLA. — Solovey Fountains Group has sold a 5,273-square-foot building to 3364 Woods Edge LLC for $1.22 million. The office property is located at 3364 Woods Edge Circle in Bonita Springs. Craig Timmins of Naples, Fla.-based Investment Properties Corp. brokered the sale.

July 30, 2009

Northeast Office

RBJ BROKERS FOUR LEASES TOTALING 87,800 SQUARE FEET

by admin July 30, 2009

MARLBOROUGH, MASS. — Richards Barry Joyce & Partners (RBJ) has brokered four lease transactions that total 87,700 square feet at Marlborough Technology Park in Marlborough. John Lashar and Paul Leone of RBJ represented the landlord, Normandy Real Estate Partners in the four transactions. Bistream, Inc. will occupy 26,801 square feet of the 82,423-square-foot building, located at 245 First St. Cushman & Wakefield represented Bistream in the transaction. Mentor Graphics signed a lease renewal for 16,376 square feet of the 80,724-square-foot building, located at 300 Nickelson Rd. Mentor was represented by CresaPartners. MetroWest Medical Center signed an 18,872-square-foot lease of the 74,735-square-foot building, located at 100 Nickelson Rd. Cushman & Wakefield represented MetroWest in the transaction. Finally, New Energy Alliance signed a 25,671-square-foot lease at 300 Nickelson Rd. and was represented by CB Richard Ellis. The 100 and 300 Nickelson Rd. properties are now at full occupancy.

July 30, 2009

Midwest Office

NEWMARK KNIGHT FRANK COMPLETES 13,498-SQUARE-FOOT OFFICE LEASE

by admin July 29, 2009

SOUTHFIELD, MICH. — Newmark Knight Frank has completed a lease for 13,498 square feet of office space on behalf of Compsat Technology. The property is located at 25330 Telegraph Rd. in Southfield. Mitchell Lipton and Ben Herman of Newmark Knight Frank represented the tenant in lease negotiations. The landlord and the terms of the transaction were not disclosed.

July 29, 2009

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