ALPHARETTA, GA. — Kaplan Higher Education Corp. has leased 96,900 square feet from SLC Winward in Alpharetta. The office space is located at 1015 Winward Ridge Parkway. Grubb & Ellis’ Steve Morgan represented the tenant.
DEBARY, FLA. — Longwood, Fla.-based Cotter-Ryan Commercial has completed construction of the 16,000-square-foot SummerHaven office building. The property is located on Enterprise Road in DeBary. SummerHaven Professional Center LLC is developing the three-story building.
FARMINGDALE, N.J. — Palisades Safety and Insurance Management Corp. has signed a long-term lease for the entire 26,683-square-foot office building located at 5006 Belmar Blvd. in Farmingdale. The auto insurance provider is moving approximately 100 employees from its commercial auto underwriting and Southern New Jersey claims operations currently located at Four Paragon Way in Freehold to the new location. The building is located on the highly visible northwest intersection of Highway 34 and Belmar Boulevard, within the 28-acre Allaire Corporate Campus that is owned by Bollerman Development Corp. Robert Bull and Philip Lipper of Studley represented the new tenant in the transaction, and Bollerman was represented in-house.
HOUSTON, TEXAS — Steve Rocher and Dave Hanusa of CB Richard Ellis (CBRE) recently represented the landlord — Riverway Holdings, LP, South Post Oak Holdings and Overland Riverway, LP — in an office lease renewal at One Riverway. Nexus Health Systems renewed its lease of 12,051 square feet at the Class A office building in Houston’s Uptown/Galleria area. Mitch Pearl of UGL Equis represented the tenant in the transaction. Unilev Management Corp. operates One and Three Riverway.
KATY, TEXAS — Lupe Tortilla has leased 8,100 square feet for its corporate office at 20302 Park Row in Katy. Chris Klein and Jason Dillee of Colliers International represented the landlord, Southwind Properties. Lupe Tortilla represented itself in the transaction.
HANOVER, MD. — CSG Partners has sold a 12,332-square-foot office building to Agency Properties for $2.4 million. The property is located at 7450 Coca Cola Dr. in Hanover. Agency Holding Co. will occupy the building, moving more than 70 employees from its existing location. Colliers Pinkard’s Charlie Fenwick and Andrew Smith represented CSG, and MacKenzie Commercial Real Estate Services’ Antony Gross represented the buyer.
CHICAGO — Sterling Bay Cos. and The Deitcher Group have sold two office spaces, located at 626 W. Jackson Blvd. in Chicago, for an undisclosed amount. The Cara Program acquired 29,736 square feet of space and will move into the building this fall. Dearborn Capital Management purchased 9,500 square feet of office space on the sixth floor. Jones Lang LaSalle’s Matt Carolan represented The Cara Program.
PRINCETON, N.J. — RXR Realty has completed a 67,531-square-foot, long-term lease with Otsuka America Pharmaceutical at University Square in Princeton. The lease is for a newly completed 313,000-square-foot Class A office building. Otsuka will occupy the entire top floor, which will consolidate and expand its East Coast operations from two separate existing facilities into one corporate headquarters. The building features a two-story atrium lobby, a health club, teleconferencing and training facilities and a full-service cafeteria. Otsuka was represented by Jane Monie and Lori Gaffney of Triad Realty, and David Simson represented RXR in-house in the transaction. University Square currently has approximately 245,469 square feet of available Class A office space.
LOS ANGELES — The Grubb & Ellis Los Angeles offices have completed two transactions in the area. In the first transaction, MNM Group sold an 8,000-square-foot office complex, which is located at 1721-1725 Victory Blvd., for $1.8 million to The Witkin Family Trust. Darren Cline, George Stavaris and Colette Ramirez of Grubb & Ellis’ North Los Angeles office represented both parties. In the second transaction, Dana Brody of Grubb & Ellis’ West Los Angeles office represented the undisclosed seller in the $1.3 million disposition of 1234 North Virgil Avenue, a nine-unit multifamily property. Matt Artukovich of Lee & Associates represented the undisclosed buyer.
HONOLULU — Bristol Group has leased 36,223 square feet of office space at Alii Place in Honolulu to U.S. General Services Administration (GSA). GSA will occupy space on the 12th and 22nd floors of the 24-story, 340,000-square-foot building. Matthew Bittick of PM Realty Group represented the landlord in the lease transaction, which has a term of 10 years.