NEW YORK CITY — Cushman & Wakefield Sonnenblick Goldman (C&WSG) has arranged $110.3 million in financing for 16 Court St., one of the tallest office buildings in Brooklyn, New York City. The borrowers, SL Green Realty Corp. and City Investment Fund LP, plan to renovate the building. Mort Holliday, Andrew Oliver, Alex Hernandez and Steve Harris of C&WSG arranged the financing, which was funded by Anglo Irish Bank Corp.
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FRAMINGHAM, MASS. — Frank O’Neil of The Grossman Companies has completed the $1.96 million sale of the Bullard Building in Framingham. Located within the Framingham Center at the intersection of Irving and Waverly streets, the 30,929-square-foot building features both office and retail tenants. Plousia LLC purchased the facility from Waverly & Hollis Realty Trust.
TEMECULA, CALIF. — Rossi Concrete Inc. has acquired a 10,830-square-foot office property, which is located at 31565 Rancho Pueblo Rd. in Temecula, for $3.35 million. Located within The Rancho Pueblo project, the property features a business park environment with courtyards, a water feature, ample parking, two-story elevator service and easy access to Interstate 15. Jeff Givens of Coldwell Banker Commercial Almar Real Estate Group and Keren Calder of Southern California Investors represented the buyer; Tapley Commercial Real Estate represented the seller, Covenant Development Inc., in the transaction.
CLEVELAND — Amin, Turocy & Calvin has signed a 14,000-square-foot lease at Key Tower in Cleveland. The intellectual property law firm will call the 57th floor home in early summer. The floor is the highest office space between New York City and Chicago. Scott Halloran of CB Richard Ellis represented the tenant in the transaction.
NEW YORK CITY — Public relations company Daniel J. Edelman has signed a 127,000-square-foot lease at 250 Hudson Street, a 15-story, 360,000-square-foot office tower in New York City. Located in the Hudson Square development, Edelman plans to relocate to the property in 2009. Mary Ann Tighe, Todd Lippman, Ken Meyerson and Fred Fackelmayer of CB Richard Ellis represented Edelman. The landlord, Jack Resnick & Sons, was represented in-house by Dennis Brady and Jonathan Dean.
COLLEYVILLE, TEXAS — Realty Capital Corp. (RCC) has completed the sale of a 4,415-square-foot office building located in Heritage Glade Office Park in Colleyville to a local doctor. The building, located at the intersection of Highway 121 and Glade Road, is part of the park’s four-building first phase. Phase II of the project, which will add 4,400 square feet, is scheduled to begin in March. Jobi Decker of RCC represented the seller, RCC Heritage Glade, in the transaction.
SUGAR LAND, TEXAS — Colliers International’s Houston office has finalized the sale of a 53,096-square-foot office building located at 13000 Executive Dr. in Sugar Land. The building, which was built in 1995, is entirely occupied by GE Energy Group. GSL Fund 21 Sub D purchased the 5.11-acre property. Christopher Winters, Robert Parsley and Jay Kyle of Colliers International’s Houston office represented the undisclosed seller. John Wilson of GSL Industrial management represented the buyer in the transaction.
ALAMEDA, CALIF. — Titan Real Estate Investment Group Inc., in partnership with an institutional fund advised by Urdang Capital Management, has acquired a 121,216-square-foot office building in Alameda for an undisclosed price. Situated within the 2.9 million-square-foot Harbor Bay Business Park, the facility is 100 percent occupied by Abbott Laboratories and the Federal Aviation Administration. Michael Speers and Barry Cohn of NAI/BT Commercial represented both parties in the transaction.
SAN JOSE, CALIF. — Redback Networks, an Ericsson company, has signed a lease for 320,000 square feet of space at Corporate Technology Center in San Jose. The new lease doubles the company’s current holdings in San Jose and will be the R&D center for most of Ericsson’s fixed and mobile Internet infrastructure. Under the new lease, the company will occupy 100 Headquarters Way, 200 Holger Way, 250 Holger Way and 300 Holger Way. The buildings will primarily house Redback employees and a number of employees from Ericsson’s other acquisitions in Silicon Valley, including Entrisphere and Tandberg TV. Jeffrey Rodgers and Jeffrey Ramirez of Cornish & Carey’s Santa Clara, Calif., office represented Redback; The Staubach Company represented Ericsson; and the landlord, CarrAmerica, was self-represented in the transaction.
NEW YORK CITY — Monday Properties, along with joint venture partner Whitehall Street Real Estate Funds, has purchased 230 Park Avenue in Manhattan, New York City, from Istithmar. The 34-story building, which is located at E. 45th and E. 46th streets at the base of Park Avenue, is set to undergo an expansive multi-year capital improvement program. Current tenants include ING, Tokio Marine Fire & Insurance Co., Bear Stearns & Co. and HSH Nordbank. Anthony Westreich of Monday Properties represented the company in-house in the transaction. The sale price was undisclosed.