INDIANAPOLIS — An extensive renovation is planned for 1302 North Meridian Street, a historic 54,000-square-foot office building located in downtown Indianapolis. Acquired in 1932 by the Oldsmobile Division of General Motors, the property has since been utilized as a car dealership, a department store and a business furniture company. Most recently, the facility was occupied by Extra Space Storage. Locally-based Shiel Sexton has been tapped for the renovation project, which is scheduled for completion by year’s end. Upon completion, the project will seek LEED-CI Gold certification. The building currently offers up to 38,000 square feet of available for-lease office space on the first, second and third floors. John Crisp of Colliers Turley Martin Tucker – Indianapolis is marketing the property.
PRINCETON, N.J. — Acting as project architect, KSS Architects has completed the interior build-out for the new Princeton office of international law firm Dechert LLP. The firm relocated from its former office at Princeton Pike Corporate Center to a 30,000-square-foot space at 902 Carnegie Center. The interior contains marble tile floors as well as wood and glass workstations. Other features of the new office include conference rooms with audio-visual systems, a lunch room designed as a cafe, and security features throughout the space.
TOLEDO, OHIO — Toledo-based ProMedica has acquired a 48,482-square-foot office building at 5520 Monroe St. in Toledo for $3.5 million. ProMedica plans to use the property to house a variety of operations. Jeremy Miller of CB Richard Ellis|Reichle Klein represented the seller, Southfield, Mich.-based Fifth Third Bank, in the transaction.
TEWKSBURY, MASS. — Jones Lang LaSalle (JLL) has arranged a 37,260-square-foot lease renewal and expansion for Starent Networks at Ames Pond Corporate Center in Tewksbury. The transaction includes a renewal of the company's 16,000-square-foot lease at 200 Ames Pond and a 21,260-square-foot expansion. JLL's Tamie Thompson, Flory McCarthy and Dan Kollar represented the landlord, a joint venture between Leggat McCall Properties and Dead River Properties. John Wilson of Richard Barry Joyce & Partners represented the tenant.
PORTLAND, ORE. — Reno, Nevada-based DP Partners will break ground on a 10.7-acre, 105,000-square-foot build-to-suit headquarters property in Portland for Morgan Distributing LLC. Located at LogistiCourt at Portal Way, the new building will accommodate Morgan’s central operations as well as the warehousing and distribution of Anheuser-Busch products when completed in spring 2010. Group Mackenzie and Perlo McCormack Pacific, both based in Portland, are the architect and contractor, respectively, on the project.
KIRKWOOD, MO. — Edwardsville, Ill.-based Contegra Construction, serving as general contractor, has started construction of a 21,000-square-foot office building for The Keane Insurance Group. Located at 135 W. Adams St. in downtown Kirkwood, the $6 million building will be home to approximately 60 employees of Keane Insurance Group and KIG Healthcare Solutions. The facility will feature a formal lobby; open office, private office and conference space; a fitness center and a lunch/break room. Completion is scheduled for spring 2010. Montgomery Bank is financing the project, which is being designed by Archimages Inc.
DALLAS — ABT Executive Suites, a provider of flexible-lease office space, has signed a lease for approximately 27,000 square feet within Dallas' Millennium Centre. The company plans to use the space for its 11th Dallas-area office. Sonny Moyers of Ebby Halliday Realtors and The O'Dea-Moyers Group represented ABT in lease negotiations. Matthew Didyk of Transwestern represented building ownership. Terms of the lease were not disclosed.
ATLANTA — Gables Residential has signed a full-floor lease at The Lenox Building in Atlanta, located at 3399 Peachtree Rd. in Atlanta. The company has signed a 10-year lease for approximately 21,000 square feet and will move its headquarters to the tower this fall. Gables Residential will relocate from its current headquarters at an office tower in the Vinings section of Atlanta. Billy Hobbs and Jason Jones with CRESA Partners represented Gables Residential in the transaction.
LAKE MARY, FLA. — Progress Energy has signed a 108,499-square-foot lease renewal with Duke Realty for the entire Northpoint III office building, which is located in Lake Mary’s Northpoint office park. Progress Energy’s subsidiary, Florida Power, has leased the space since 2001. Tampa, Fla.-based The Duncan Cos.’ Ronnie Duncan represented Progress Energy in the lease. Tim Perry served as in-house representation for Duke.
CENTENNIAL, COLO. — The new 95,000-square-foot Centennial Station office building developed by Harwood & Associates has opened at 12154 E. Easter Ave. in Centennial. After 12 months of construction, the building is now fully occupied and includes a central conference room and learning center, break rooms, a jogging path and workout facility, as well as an atrium and balconies with views of Colorado’s Front Range. Project partners included the U.S. General Services Administration, general contractor The Weitz Company and architect Gensler. The development was designed for LEED-Silver certification.