Office

KRUSINSKI CONSTRUCTION COMPLETES 52,000-SQUARE-FOOT COMCAST BUILDING

by admin June 20, 2008

INDIANAPOLIS — Oak Brook, Ill.-based Krusinski Construction Co. has completed a 52,000-square-foot technical operations facility for Comcast located at 5330 East 65th St. in Indianapolis. The new building, which includes 34,877 square feet of office space and a 16,323-square-foot warehouse, was built behind Comcast’s previous location. Krusinski has begun demolition of the former location, which will become a parking lot for approximately 500 cars. The parking lot is slated for completion in mid-August. Features of the pre-cast and steel structure, which is located on 10 acres, include one dock and two drive-in doors. Lori Ott of Dallas-based Gromatzky Dupree and Associates was the architect for the project.

June 20, 2008

CONSTRUCTION BEGINS FOR LEAGUERS HQ

by admin June 20, 2008

NEWARK, N.J. — McGowan Builders has broken ground for the construction of the two-story, 44,000-square-foot Leaguers Headquarters and Head Start Building located at 405-425 University Ave. in Newark. The first floor of the $23.5 million project will house The Leaguers’ Head Start program, after-school activities and community services for adults. The second floor will contain The Leaguers’ administrative offices, as well as commercial office spaces. The building features the capability for a third-floor expansion. The building will also contain a 75-space underground parking garage. The facility is scheduled for completion in 2009. McGowan is providing general contracting services for the project. EI Associates is serving as architect and engineer, with Wilson Woodridge also providing architectural services.

June 20, 2008

Northeast Office

BARCEL BROKERS $22.8 MILLION OFFICE SALE

by admin June 20, 2008

NEW YORK CITY — The Barcel Group has brokered the sale of a 15-story office tower located at 202 W. 40th St. in New York City for $22.8 million. The building totals 38,000 square feet and has recently undergone renovations. A retail unit in the building is occupied by Fashion 40 Lounge. Marcel Fridman of Barcel represented both undisclosed parties in the transaction. The property traded at a price of $600 per square foot and a capitalization rate of 5.5 percent. Acquisition financing was arranged by Joseph Taub of Meridian Capital.

June 20, 2008

Northeast Office

CAMPANELLI TO REDEVELOP PRESIDENTIAL WOODS CORP CENTER

by admin June 20, 2008

WOBURN, MASS. – A joint venture between Campanelli Cos. and Richards Barry Joyce & Partners has announced plans to redevelop Presidential Woods Corporate Center, a two-story, 104,000-square-foot office/laboratory building located in Woburn. A three-story, 62,000-square-foot addition will be constructed, which will be linked to the existing building via a two-and-a-half story, glass-enclosed lobby. The project has been pre-certified for LEED-Silver designation by the U.S. Green Building Council. A joint venture between Campanelli and Commonfund Realty purchased Presidential Woods Corporate Center in 2007, changing the name of it from 8 Presidential Way.

June 20, 2008

Northeast Office

EASTERN CONSOLIDATED BROKERS $8.3 MILLION OFFICE SALE

by admin June 20, 2008

NEW YORK CITY — Eastern Consolidated has brokered the sale of a five-story office loft building, located at 20 W. 30th Street in New York City, for $8.3 million. The sale included the 10,522-square-foot structure, as well as 16,129 square feet of available air rights. Charlotte Fu of Eastern Consolidated represented the seller, Edro Realty Co., as well as the buyer, 20 West 30 LLC.

June 20, 2008

Office Southeast

MID-EASTERN BUILDERS BREAKS GROUND ON 35,000-SQUARE-FOOT OFFICE COMPLEX

by admin June 19, 2008

VIRGINIA BEACH, VA. — Chesapeake, Va.-based Mid-Eastern Builders has broken ground on Metroplex One, a 35,000-square-foot office complex owned by Christian Broadcasting Network. The two-story facility, which is located at the intersection of Regent University Drive and Midtowne Way within the Christian Broadcasting Network campus in Virginia Beach, is slated for completion at the end of this year. Tenants include the American Center for Law and Justice, Trinity Broadcasting Network and Regent University’s School of Global Leadership and Entrepreneurship. Additional development plans for Metroplex One include two office buildings totaling 140,000 square feet, as well as residential and retail projects on 500 acres of land.

June 19, 2008

Office Southeast

MRP REALTY COMPLETES 14-STORY CARLYLE OVERLOOK OFFICE FACILITY

by admin June 19, 2008

ALEXANDRIA, VA. — MRP Realty has completed construction of Carlyle Overlook, a 250,000-square-foot office building located at 2318 Mill Rd. in Alexandria. Situated adjacent to the Eisenhower Avenue Metro station, Carlyle Overlook consists of a 10-story office complex above a four-level parking structure. The first five floors of the building — 125,000 square feet — were acquired by the American Society of Clinical Oncology; the top five floors — also measuring 125,000 square feet — were acquired by Mass Mutual. Harvey-Cleary Builders was the general contractor for the project, and Davis Carter Scott Ltd. provided the architecture.

June 19, 2008

Midwest Office

COLDWELL BANKER COMMERCIAL BROKERS $1.62 MILLION OFFICE SALE

by admin June 19, 2008

BLOOMINGTON, ILL. — Coldwell Banker Commercial has brokered the sale of an office facility located at 205 North Main St. in downtown Bloomington. The 39,289-square-foot, three-story building was sold by Ming Jiang Properties for $1.62 million. Michael O’Neal of Coldwell Banker Commercial represented the buyer, 121 N. Main LLC.

June 19, 2008

Northeast Office

CBRE COMPLETES $6.85 MILLION OFFICE SALE

by admin June 19, 2008

ROCKVILLE CENTER, N.Y. — The Long Island, New York, office of CB Richard Ellis (CBRE) has completed the sale of a 37,000-square-foot office building, located at 55 Maple Ave. in Rockville Center, for $6.85 million. The building, which was acquired by Gaz Realty, is currently fully leased. Kelly Koukou and Mark Greenspan of CBRE represented the buyer; the seller, Trinity Holdings, utilized in-house representation. Gaz Realty plans to hold onto the property as a long-term investment.

June 19, 2008

Office Western

BROADWAY PARTNERS TO ADD FOUR FLOORS TO OFFICE BUILDING

by admin June 19, 2008

SAN FRANCISCO — New York-based Broadway Partners has unveiled plans to redevelop 188 Spear Street in San Francisco. The company plans to add four floors atop the existing nine-floor office building. The 105,000-square-foot addition will feature 9-foot finished ceilings, door-to-ceiling windows and views of the Ferry Building and San Francisco Bay. The redevelopment project also includes the renovation of the lobby and major upgrades to convert the existing structure into a larger, highly effective, Class A office building. The new portion is designed by Brereton Architects. Upon completion, the building will feature 13 floors and approximately 253,000 square feet of space. The property was formerly known as 120 Howard.

June 19, 2008

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