LA JOLLA, CALIF. — 7701 Herschel LLC has purchased a 10,236-square-foot office property in La Jolla. Located at 7701 Herschel Ave., the property sold for $4.75 million. Mike Slattery and Robert Kuzman of Grubb & Ellis|BRE Commercial represented the seller, The Copley Press, in the transaction.
AKRON, OHIO — KeyBank, a division of Cleveland-based KeyCorp, has broken ground for the development of a new Akron headquarters and bank branch. The new three-story, 21,000-square-foot building is being constructed at the corner of University Avenue and South Main Street. Upon completion, which is expected in fall 2010, the first floor of the building will house a Key bank branch, and the second and third floors will house offices for Key’s Akron regional headquarters and Key Private Bank. The company’s current Akron headquarters and bank branch are located at 157 S. Main St., and Key Private Bank’s offices are located at 222 S. Main St. The project is being developed by Brecksville, Ohio-based The Terra Group.
PORTSMOUTH, N.H. — CB Richard Ellis – New England (CBRE) has negotiated a lease for 11,000 square feet of office space at 282 Corporate Dr. in Portsmouth. The space will be occupied by Elbry’s Networks, Inc. Kent White of CBRE’s Portsmouth office represented the undisclosed landlord and procured the tenant in the transaction. Terms of the lease were not disclosed.
TAMPA, FLA. — The PBSJ Corporation has signed an 83,000-square-foot, long-term lease with MetLife for space in the LEED-certified MetWest One. The building is located in the MetWest International office complex in Tampa. PBSJ will move from its current Tampa location to the new space in January. Angela Odell of Taylor & Mathis’ Tampa office represented MetLife, and Chad Rupp, Chris Butler and Bryan Rodriguez of Jones Lang LaSalle’s Tampa office represented the tenant.
EASTON, MASS. — Framingham, Mass.-based Parsons Commercial Group has brokered a lease for 15,000 square feet of turn-key space at Easton Industrial Park, located in Easton. Vestcom New Century, a provider of retail marketing and business communications services, will occupy space within 5 Norfolk Avenue, a single-story, 20,000-square-foot flex building. Parsons Commercial Group represented the tenant in lease negotiations. The landlord is Atlantic Management Corp. The lease represented an expansion for Vestcom New Century.
DALLAS — Nathan Denton and Hanes Chatham of Lee & Associates DFW recently represented CAS Headquarters LLC in the purchase of a freestanding office building in Dallas. The 12,166-square-foot facility is located at 17501 N. Dallas Parkway. CAS will renovate the office building to accommodate its needs, and the company plans to occupy its new space in the third quarter of this year.
TROY, MICH. — Transwestern has negotiated the disposition of Long Lake Crossing, a Class A office property located at 1301 W. Long Lake Rd. in Troy. The three-story, multi-tenant building contains 170,363 square feet of space. It features a renovated lobby and common area, a new café, underground executive parking and was 90 percent occupied at the time of closing. It recently received certification for LEED for Existing Buildings: Operations & Maintenance. Gary Nussbaum, Bill Harvey and Thomas Gorman of Transwestern’s Investment Sales Group brokered the sale on behalf of the seller, Transwestern Investment Company LLC, a Transwestern affiliate. The buyer was a New York-based investor group. The acquisition price was not disclosed.
BLOOMFIELD, CONN. — Griffin Land has signed a long-term, full building office lease with KMC Music, Inc., a subsidiary of Fender Musical Instruments Corp. The single-story, 40,344-square-foot facility is located at 55 Griffin Rd. South within the Griffin Center business park in Bloomfield. The 600-acre master planned business park, which was planned and developed by Griffin Land, is situated within easy access to Exits 37 and 38 off Interstate 91; just south of Bradley International Airport. In-park amenities include the newly opened Vito’s by the Water restaurant and function facility, the SS&C SummerWind Performing Arts Center, ponds, and walking trails. Other tenants located in the park include Comcast, Connecticut Light & Power, DaVita, Johnson Controls, Phillips Medical, T-Mobile and TRC Environmental Solutions. Construction of the tenant improvements are already underway, and include remodeling of the reception area, renovations to the open and private office areas, a cafeteria, a multi-purpose meeting/conferencing room, a sound room, and a photo studio. KMC Music is set to occupy the premises in July. Larry Levere of Sentry Commercial, in conjunction with Gary Gregg of CRESA Real Estate Partners represented the tenant in the lease negotiations.
BUFFALO, N.Y. — J.R. Militello Realty/CORFAC International has negotiated a 35,767-square-foot lease at One HSBC Center in Buffalo. Carey Anderson, Jim Militello and Jerry Workman of J.R. Militello Realty brokered the long-term lease renewal for the Consulate General of Canada. The brokers also represented the landlord, Seneca One Realty, in the lease negotiations. In addition to lease renewal, the Consulate also expanded its office space by nearly 50 percent. One HSBC Center features 1.2 million square feet of Class A office space.
PLANO, TEXAS — The grand opening has been held for Tennyson Place, a 100,000-square-foot office building located at 5600 Tennyson Pkwy. in Plano. The multi-tenant building is divisible from 800 to 3,900 square feet. It features pre-finished suites that are pre-wired for Verizon’s FiOS services as well as preconfigured for wireless Internet access. Building amenities include a cafeteria and a conference room. The project also has LEED-Silver designation. Tennyson Place is owned and managed by Dallas-based Primera Cos. The project was designed by Myers & Crow Co. Pinnacle Advisory Associates has been announced as the building’s first tenant.