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.
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.
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.
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.
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.
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.
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.
LAS VEGAS — SR Construction has completed the construction of the LV-5 Test Cell project for Varian Medical Systems in Las Vegas. Located at 6811 Spencer St., the 85,754-square-foot project consists of four concrete test cell vaults, a production area and administrative offices. Hoover Associates provided architectural services for the $12 million project.
SOUTH MIAMI, FLA. — Oxford Universal Design & Build has broken ground on 5966 SOMI, an eco-friendly, Class-A office building located at 5966 South Dixie Highway in South Miami. The facility will house 40,000 square feet of office space available for sale or lease, and 10,000 square feet of retail space fronting South Dixie Highway and SW 74th Street. Green elements of the building include the use of recycled materials in the construction of the building’s roof and top two floors, landscaping with indigenous plants, and reserved spots for carpoolers who work in the building. Miami-based Holly Real Estate/TCN Worldwide is the exclusive agent for the facility, which was designed by Mateu Architecture.
DALLAS — Germany-based KanAm Grund (KAG) has acquired Denbury Park II, a 102,600-square-foot, Class A office building located within Legacy Business Park in Dallas. The facility was constructed this year as a build-to-suit for Denbury Resources, which occupies the entire building on a long-term basis. It is also LEED-certified by the U.S. Green Building Council. The seller, Koll Development Co., was represented by the Dallas office of Holliday Fenoglio Fowler. KAG was assisted by Manish Bhatia and Gregory Moore of KAG’s U.S. subsidiary, KanAm Grund America LP. KAG acquired the property on behalf of its KanAm US-grundinvest Fonds.