PHILADELPHIA — Minneapolis-based NorthMarq has secured a 303,149-square-foot lease extension for two members of the AmeriHealth Mercy Family of Companies in Philadelphia. The companies, Keystone Mercy Health Plan and AmeriHealth Mercy Health Plan are headquartered at 100 and 200 Stevens Dr. in Philadelphia, located near Philadelphia International Airport. The buildings are owned by Edison, N.J.-based Mack-Cali. The new leases extend to 2020.
CORONA, CALIF. — Irvine, Calif.-based Timberline Commercial Real Estate in partnership with SE Corp. has developed a six-story, 160,000-square-foot office tower in Corona’s master-planned community of Dos Lagos. Located at 4160 Temescal Canyon Rd., the project is the first of three buildings planned for Lakeshore Plaza, which will ultimately total 473,000 square feet. The building features an advanced HVAC system, flexible and expandable telecommunications and efficient floorplans for easy expansion. Designed by Ronald Frink Architects, the property is currently completing the LEED registration and certification processes. Irvine-based Snyder Langston served as general contractor for the project.
SAN DIEGO — H.G. Fenton Property Co. has acquired Ruffin Road Business Park, a two-building office complex located at 3949 and 3959 Ruffin Rd. in San Diego. The 45,842-square-foot park sold for $8.6 million. The property is currently occupied by Honeywell, Access Professional, Nsoro LLC and United Tote. Nick Psyllos and Paul Komadina of CB Richard Ellis represented the buyer and the seller, Buie San Jacinto LLC and 3949 & 3959 Ruffin Road LLC, c/o Shidler West Investment Partners LP, in the transaction.
BRIDGEPORT, CONN. — People’s United Bank has disposed of a nine-property portfolio covering approximately two blocks of downtown Bridgeport. The portfolio totals 255,548 square feet of commercial space, and includes 167, 177, 189 and 211 State St.; 779, 815, 855 and 899 Main St.; and 830/880 Broad St. The bank’s headquarters building, located within the portfolio’s area at 850 Main St., was not included in the sale. The portfolio was acquired by Main State Ventures, a partnership between Norwalk, Conn.-based companies Forstone Capital and Spinnaker Real Estate Partners. The acquisition brings Forstone’s downtown Bridgeport holdings to approximately 425,000 square feet of commercial space. Jeffrey Dunne and Steven Bardsley of CB Richard Ellis represented the seller. Immediate plans for the portfolio were not disclosed.
BELLMAWR, N.J. — Grubb & Ellis has negotiated the sale of a 40,000-square-foot office building, located at 211 Benigno Blvd. in Bellmawr, for $2.8 million. Kurt Montagano and Joseph Sklencar, Jr. of Grubb & Ellis represented the seller, Bessemer Group, Inc. The buyer was Children’s Choice of New Jersey.
NEW YORK CITY — Skyline Developers has leased the 10th floor of 1040 Avenue of the Americas, located in Midtown Manhattan, New York City. The 12,000-square-foot space will be occupied by Northeast Power Coordinating Council. William Cohen of Newmark Knight Frank represented the landlord; Barry Rosner, also of Newmark Knight Frank, represented the tenant. The office building at 1040 Avenue of the Americas totals 24 stories and 256,000 square feet.
ROCKWALL, TEXAS — Colleyville, Texas-based Realty Capital Corp. has sold the third building at The Offices at Horizon Ridge, an office park catering to medical users that is located on Arista Road in Rockwall, near the new Presbyterian Hospital. The 4,130-square-foot property was acquired by Rita Ne, who will use the space as the new home of Rockwall Endodontics. It will mark Dr. Ne’s third endodontics practice. The acquisition price was not disclosed.
LOS ANGELES — CB Richard Ellis Group Inc. has been selected as a primary advisor to the Federal Deposit Insurance Corp. (FDIC) for the portfolios of owned real estate (ORE) nationwide. The CBRE-led team will be responsible for the management and marketing of residential and commercial ORE throughout all 50 states, Puerto Rico and the U.S. Virgin Islands. The portfolios comprises assets that are held by the FDIC in its capacity as receiver for failed financial institutions. Theodore Carter, executive managing director in CBRE’s Washington, D.C., will lead the ongoing client services, while Ken Pearson, as alliance director, will lead a nationwide team of asset managers, property managers and marketing personnel.
ATLANTA — NorthMarq Capital has expanded its Atlanta Corporate Solutions office by leasing 3,875 square feet in the Byers Engineering Building. The 89,000-square-foot property is located at the intersection of Georgia 400 and Perimeter Highway in Atlanta. NorthMarq’s move was spurred on by the company’s acquisition of ServicExpress, a transaction that added five new jobs to NorthMarq’s Atlanta operations.
LOS ANGELES — America Realty represented Young Y. Park in the acquisition of a 12,940-square-foot office property in Los Angeles. The property consists of two adjacent freestanding buildings located at 2064 Marengo St. and 1063 Chicago St. Novak Trust sold the property for $2.7 million. The buyer plans to establish a home health services company at the site. Jack Schlaifer and Jay Martinez of Lee & Associates – LA North/Ventura represented the seller in the transaction.