EMERYVILLE, CALIF. — Hollis Street LLC has acquired a 55,000-square-foot office building, which is located at 5650 Hollis Street in Emeryville. The property, which is 100 percent leased to Bayer Pharmaceuticals, sold for $17 million or $309 per square foot. Barry Cohn of NAI BT Commercial Oakland represented the buyer in the transaction. The seller was Emeryville Quarters LLC.
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SAN DIEGO — Locally-based Johnson & Jennings General Contracting has been selected to provide tenant improvement (T.I.) construction for Konica Minolta’s new offices, which are located at 5959 Cornerstone Court W. in the Sorrento Mesa area of San Diego. TA Associates Realty retained Johnson & Jennings for the 25,479-square-foot project, which is slated for completion this spring. Hurkes Harris Design Associates is providing architectural services for the project.
CHICAGO — Hoffman Estates, Ill.-based Leopardo has completed a 40,000-square-foot office expansion and renovation of the corporate headquarters of Envestnet. The wealth advisory company is located at the Jewelers Building at 35 E. Wacker Dr. in Chicago. The company’s new offices, which take up a one-and-a-half floors of the building, feature high-end finishes such as French limestone and organic French Walnut-veneered wall panels and pivot doors, red oak stained parquet wood flooring and full-height interior glass partitions. Leopardo served as the general contractor, with Baumann Studios providing architectural services.
PITTSBURGH — Renovation is underway on the C.I. Applegate Building, formerly known as 225 Ross Street, in Pittsburgh. After purchasing the building in February, developer Dominic Applegate of Applegate Snayd Industries, renamed the building and began an extensive renovation. The 26,000-square-foot building features six stories of office space and nearly 4,700 square feet of street-level retail. Jared Imperatore, the retail brokerage and leasing manager spearheading the property’s marketing and J.R. Yocco of Grant Street Associates have already executed lease agreements with Subway and Crazy Mocha Coffee Company for the building’s first-floor retail space. The renovation will include new signage, awnings, outdoor seating areas and a garage door that will open the Crazy Mocha location to the retail storefront on Third Avenue. Additional upgrades include power washing of the exterior brick and adding window flower boxes and large stationery flower pots near the entrances to each retail space. Crazy Mocha and Subway are slated to open in late summer.
LIVINGSTON, N.J. — Adam Silver and Wayne Kasbar of Grubb & Ellis have negotiated a 153,030-square-foot lease on behalf of Verizon New Jersey. The company will be taking space at Eisenhower Corporate Campus, which is located at 290 West Mt. Pleasant Ave. in Livingston. To meet certain parking requirements, a 400-car parking garage was built by the owner, Eastman Companies, for Verizon at the new location. Furthermore, the building has access to public transportation and nearby amenities, which accomplished Verizon’s objectives.
WALTHAM, MASS. —Davis Marcus Partners, a venture between Marcus Partners and The Davis Companies, in partnership with Prudential Real Estate Investors, has completed a $30.9 million refinancing with Capital One for 117 West St. located on its Reservoir Woods East campus in Waltham. The refinancing includes both the 138,000-square-foot recently upgraded building and the adjacent 500,000 square feet of recently permitted, developable land. The building is fully leased to Verizon and houses its FiOS testing, design and engineering functions. Together, Reservoir Woods East and West provide a campus environment with 120-acres of wooded landscape in Waltham between the Massachusetts Turnpike and Route 2 at exit 27 off Rt. 128/US I95.
GRAND PRAIRIE, TEXAS — Arlington, Texas-based SCM Real Estate has brokered a new lease at Brookhollow Riverside, a Class A office property located in Grand Prairie. Lea+Elliott will occupy 8,200 square feet of the 118,131-square-foot building, which is located 2505 N. State Highway 360. SCM’s Theron Bryant represented the undisclosed landlord. The tenant was represented by Bryan Graham of CB Richard Ellis. Terms of the lease were not disclosed.
SAN DIEGO — Philadelphia-based GVA Smith Mack has negotiated the lease renewal of 12205 World Trade Drive in San Diego. Johnson Matthey Inc. has resigned its lease for 35,094 square feet of office space. Jeff Mack of GVA Smith Mack represented the tenant in the transaction. The value of the lease was not disclosed.
ORLANDO, FLA. — Siemens Shared Services has leased 29,500 square feet of space in University Corporate Center III, located in the Quadrangle Business Park at 11474 Corporate Blvd. in Orlando. Greg Morrison and Emily Zinaich of Orlando-based Morrison Commercial Real Estate represented the landlord, and The Princeton Group’s Lee Orisi represented Siemens. This is the third lease Morrison Commercial has executed at University Corporate Center III in the past 90 days. The property is currently 94 percent leased.
ST. LOUIS — Duke Realty Corp. has leased 104,700 square feet of office space to ESSENCE Healthcare in the northwest St. Louis suburb of Maryland Heights, Mo. The space is located within an office building at 13900 Riverport Dr. in Duke’s Riverport Business Park. ESSENCE was represented by David Kelpe of Colliers Turley Martin Tucker; Whitaker Varley and Matt Hrubes of Duke negotiated the deal in-house on behalf of the landlord. 13900 Riverport is one of seven buildings situated within the office and industrial park, which is located near Lambert International Airport, as well as interstates 70 and 270. Approximately 18 acres remain available for purchase of build-to-suit development.