CLEVELAND — Huntington Bank has signed a 20-year lease for 96,000 square feet of office space located at 200 Public Square in downtown Cleveland. The sixth and seventh floors of the 45-story tower will house Huntington Bank’s regional headquarters. Additionally, the company will occupy a portion of the 11th floor and street-level retail space. Alex Jelepis of Grubb & Ellis facilitated the lease on behalf of the landlord Harbor Group International. The building is 90 percent leased.
WILTON, CONN. — Deloitte LLP, an affiliate of Deloitte Touche Tohmatsu, has renewed its lease for 106,000 square feet at 10 Westport Rd. in Wilton. Deloitte occupies space within an approximately 539,000-square-foot office park that comprises five connected, Class A, office buildings on 57 wooded acres. Building amenities include a greenhouse corridor, walking trails, executive dining rooms and a full-service cafeteria. Jodi Pulice and Greg Smith of JRT Realty Group and Kevin Foley of the Stamford, Conn., office of Cushman & Wakefield represented the landlord, New York City-based TIAA-CREF, in lease negotiations.
BALTIMORE — White Marsh, Md.-based CSG Partners has purchased a 170,000-square-foot office building at 20 Charles St. in Baltimore from SLM Properties for $9.2 million. The 12-story tower, which was built in 1966, is 78 percent leased to The Y of Central Maryland and the law firms Blades & Rosenfeld and Schlachman, Belsky & Weiner. The property includes an underground parking garage and was designed by Emery Roth & Sons. CSG plans to add food venders to the ground floor, renovate the bathrooms and elevator lobbies and upgrade the HVAC system starting early next year. Robert Cashman and Jonathan Beard of CB Richard Ellis’ Baltimore office brokered the sale.
GRAND RAPIDS, MICH. — Grubb & Ellis|Paramount Commerce has brokered the sale of an office located at 3075 Orchard Vista Rd. SE in Grand Rapids. BH Piersma Real Estate II has sold the 36,043-square-foot office to Hope Network. The facility will serve as Hope Network’s new headquarters. Ray Kisor and Jim Peterson of Grubb & Ellis|Paramount Commerce represented the buyer; Tom DeBoer and Scott Morgan, also of Grubb & Ellis|Paramount Commerce, represented the seller in the transaction. The acquisition price was not disclosed.
CORAL GABLES, FLA. — 396 Alhambra LLC is eyeing a February groundbreaking of a two-tower, 285,000-square-foot office development at 396 Alhambra Circle in Coral Gables. The $130 million property is being developed by a joint venture of the companies Alhambra Investors and Agave Florida Investments. Coral Gables-based Fullerton Diaz designed the project, which will be built to silver LEED standards. More than 900 employees will work at the building, which is slated for completion in the spring of 2010.
ROSEMONT, ILL. — The Naperville, Ill.-office of Ryan Cos. US Inc. and Oak Brook, Ill.-based The Harp Group are breaking ground on Rosemont Corporate Center, a 121,000-square-foot office building located near the corner of Balmoral Avenue and River Road in Rosemont. The Class A, four-story building is being designed to achieve LEED Silver certification. Sustainable features of the building include an under floor air distribution system, energy efficient mechanical and electrical systems, and water conservation plumbing features. San Jose, Calif.-based Cisco Systems has signed on as the building’s lead tenant, occupying 82,000 square feet of space. Cisco System’s space will also be LEED certified.
NEW YORK CITY — New York City-based The Nicotra Group has acquired Teleport I and II, two three-story office buildings located in the Staten Island borough of New York City, for $25 million. The two properties contain approximately 300,000 square feet of Class A office space. The buyer has renamed the buildings Corporate Commons, and plans to incorporate them into its existing office park, The Corporate Park of Staten Island, which contains five additional office buildings, two hotels, a conference center, and a restaurant and cabaret within a 415-acre wildlife preserve. The office park is currently the only one of its kind in New York City. The Nicotra Group plans to invest between $10 and $15 million to renovate the two buildings, and will also donate 25 percent of Corporate Commons’ profits to the newly created Lois and Richard Nicotra Foundation. The sellers were Murray Construction and Silverstein Properties.
FRISCO, TEXAS — Hartford, Conn.-based The Hartford has signed a 5-year lease for 29,685 square feet of space at Hall Office Park, a 162-acre office campus located in Frisco. The company will occupy the fifth and sixth floors of a newly constructed building located at 3000 Internet Blvd. Terms of the agreement also include building signage. Jean Farris provided in-house representation on behalf of the landlord, locally based Hall Financial Group. The Hartford was represented by Frank Ricca of Jones Lang LaSalle. The lease commences in February 2009.
LOS ANGELES — Hines has acquired an approximately 4.5 million-square-foot office portfolio from Cabi Developers, the U.S. arm of Mexico’s Gicsa, for approximately $1.4 billion. The portfolio consists of 31 properties comprising more than 50 buildings. The properties, which include the 243,000-square-foot Century Park Center in Los Angeles, are located in Los Angeles, Orange, Ventura and San Diego counties.
TAMPA, FLA. — Nova Southeastern University of Fort Lauderdale, Fla., has leased 81,500 square feet in Tampa’s Sabal Corporate Center from Orlando, Fla.-based Eola Capital. The university plans to open the Tampa Student Educational Center, which will allow students to complete degrees in anesthesiologist assistance as well as other pursuits. Sabal Corporate Center is a three-story office building located at 3632 Queen Palm Dr. in Tampa. Palmaple Corp.’s Jamie Puddicombe represented Nova in negotiations for the 10-year lease. Nova will move in during the first quarter of 2009.