Office

LOS ANGELES — Equity Office Properties has added 11 tenants to its Howard Hughes Center, a five-building, 1.2 million-square-foot business center in Los Angeles. The leases, which total 98,472 square feet, include Experian, TV Guide, Blockbuster Inc., Integrated Data Corp., Sezmi Corp., Corbis Corp., Ricoh Americas, Matrix Environmental, Drake Beam Moran Inc. and Brooks Kushman. Hunt Barnett, Chris Houge, Rick Buckley and Beau Rawi of Madison Partners represented the landlord in the transactions. Other participating brokerage firms include Cushman & Wakefield, Colliers Seeley, Grubb & Ellis, Newmark Knight Frank, CB Richard Ellis, Drake Beam Morin Inc. and First Property.

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HONOLULU — Hawaii Employees Retirement System (Hawaii ERS) has purchased the leased-fee interest of 201 Merchant St. in Honolulu. The 180,634-square-foot office property sold for $7.4 million. Hawaii ERS also owns the leasehold interest, which expires in 2054. Mark Bratton and Sean Tadaki of Colliers Monroe Friedlander Inc. represented the seller, Citibank Properties, in the transaction.

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WALTHAM, MASS. — Alkermes has signed a 100,000-square-foot lease at the Reservoir Woods campus in Waltham. The technology company plans to relocate its headquarters from Cambridge to the newly leased space, which is located at 850-852 Winter Street, a new 180,000-square-foot LEED-Gold certified office and lab building. The Reservoir Woods campus sits on 120 acres between the Massachusetts Turnpike and Route 2 at exit 27 off Route 128/US I95. The development is owned by a joint venture between affiliates of Davis Marcus Partners and Prudential Real Estate Investors. CB Richard Ellis represented the ownership in the transaction and Joseph Flaherty of Colliers Meredith & Grew represented Alkermes. The new tenant plans to complete their move by early 2010.

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NEW YORK CITY —Helmsley Spear has been appointed the exclusive leasing agent for 80 Broad Street, a 400,000-square-foot office building located in the Financial District neighborhood of Lower Manhattan in New York City. Lewis Cowan will head up the Helmsley Spear team, working with Gregg Slotnick, also of Helmsley Spear. Both will report to Todd Korren of Swig Equities, LLC. The 36-story, 400,000-square-foot multi-tenant office building is currently 97 percent occupied. A building wide renovation was recently completed, which included new elevators and cab interiors; new electrical service; new lobby; new mail center and freight entrance; new two-story, all glass storefront; new HVAC system and chillers; and a new fire/life safety system. In the past 12 months a number of leases were signed at 80 Broad Street including McGivney & Kluger, Legal Solutions Group, Map Financial Group, 1010Data, Stellar Freight, MT Library Services and BV Realty Management Corp. McCauley Securities renewed their leases while Water Quality Insurance Syndicate, Scientiae, LLC and Moed de Armas & Shannon Architects, P.C. expanded their occupancies, bringing total building leasing activity to more than 30,000 square feet.

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ATLANTA — Firethorn Holdings has signed a 50,000-square-foot lease with Cousins Properties for space in the 564,850-square-foot Terminus 200, the second phase of the 10-acre Terminus office development in Atlanta’s Buckhead neighborhood. The property is located at the intersection of Piedmont and Peachtree streets and is being developed by Cousins Properties and Prudential Real Estate Investors. Firethorn is the first tenant that has signed a lease in the building. Terminus 100 is fully leased.

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BARTLETT, ILL. — Meridian Design Build has completed the construction of a 103,585-square-foot, build-to-suit corporate headquarters for Auto Truck Group in Bartlett. The facility is situated on 16.26 acres within Brewster Creek Business Park. It features 12,600 square feet of office space, 5,700 square feet of showroom space and an 85,000-square-foot shop area. The shop contains, welding stations, paint and wash booths, a metal fabrication area and work bays that can accommodate up to 48 trucks. The facility also contains a significant amount of secured outdoor vehicle storage space. Auto Truck Group is relocating from its previous facility on Ellis Avenue in Bensenville, Ill. Abbott Land & Investment Corp. served as developer of the project. Ware Malcomb provided design services.

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PEABODY, MASS. — Boston-based NAI Hunneman has arranged two office leases at 9 Centennial Drive, a two-story, 37,000-square-foot flex building located in Peabody. Family Continuity Programs signed a 5-year lease for 17,810 square feet of space. It was represented by Richard Newberg of Drumlin Group in the negotiations. Additionally, Nizhoni Health Systems signed a 4-year lease for 2,885 square feet of space. It was represented by Philip Mann of Sangan Realtors. The landlord, B&H Peabody Property LLC, was represented by NAI’s David Gilkie and Michael McCarthy in both transactions.

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HOUSTON — Houston-based Hines has expanded its HinesGO sustainability program to the more than 120 million square feet of office space that the company manages all over the world. The program was originally meant to encourage sustainability at Hines’ own 230 offices, but it will now be adapted for the company’s 650-building office portfolio. HinesGo is modeled after the LEED program, in that it awards points for identifying and implementing no-cost and low-cost alternatives to operating an office, with the ultimate goal of being designated a Green Office. Categories include energy efficiency, people and atmosphere, travel and commuting, reuse and recycle, cleaning, remodeling and construction, and LEED. The program scores buildings on a 100-point scale, with 70 points or above earning the Green Office designation.

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BLUE BELL, PA. – Beacon Commercial Real Estate has completed a long-term lease of 10,999 square feet of office space at 5 Sentry Parkway East in Blue Bell. The new tenant, Medequip International, is moving its headquarters from 6,750 square feet in Ambler, Pa. It will take the entire first floor at the new location. Dan Galbally of Beacon Commercial Real Estate represented the tenant, and John Adderly and Richard Jones represented the landlord, Mack Cali.

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NORWALK, CONN. — Merritt 7 Corporate Park in Norwalk has again earned the U.S. Environmental Protection Agency’s ENERGY STAR rating for each of its six buildings. Merritt 7’s ENERGY STAR performance scores were extremely high, with ratings that ranged between 91 percent and 98 percent for each of the six buildings. Merritt 7 improved its energy performance by managing energy strategically across the entire complex and by making cost-effective improvements to its buildings. Merritt 7 is a 1.4 million-square-foot complex that is owned by Merritt 7 Venture L.L.C., a joint venture between New York State Teachers’ Retirement System (NYSTRS), and Fairfield Investors, Inc. ING Clarion Partners is an investment advisor to NYSTRS.

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