ALEXANDRIA, VA. — Akridge has partnered with Long Wharf Real Estate Partners to acquire 2800 Eisenhower Ave., a four-story, 116,000-square-foot office building in Alexandria’s Carlyle/Eisenhower submarket. The property is part of the Alexandria Tech Center, a nine-building complex than includes office buildings and two hotels. Matt Konrad of Akridge, along with Philip Murphy and John Schonborn of Long Wharf, represented the ownership in the transaction. Steve Gichner and Eric Berkman of Cushman & Wakefield represented the seller in the transaction.
OAK BROOK, ILL. — NAI Hiffman has arranged more than 55,000 square feet of office lease renewals and expansions at Regency Towers, two multi-story, Class A office buildings joined by a one-story retail concourse. The property is located at 1415-1515 W. 22nd Street in Oak Brook, approximately 19 miles west of Chicago. The leases were for Bancorp Financial Inc., Rasmussen College, John Wiley & Sons Inc., and Moet Hennessy USA. Patrick Kiefer of NAI Hiffman represented American Realty Advisors in all four transactions. On-site amenities at Regency Towers include an attached, three-level covered parking garage, conference center, newly renovated fitness center, full-service bank, sundry store and an Italian restaurant and deli. Available suites range in size from 1,092 to 17,289 square feet.
SAN DIEGO — SR Commercial has acquired Morena Business Center, a 62,814-square-foot flex/office project in the San Diego submarket of Rose Canyon/Morena District, for $9.2 million. The three-building property is located at 2620-2640 and 2645 Financial Court. Notable tenants include Destination Concepts, Europen Tile, American Geotechnical, Gemini Energy and Envision. Bryce Aberg, Brant Aberg and Brad Tecca of Cassidy Turley’s San Diego office represented both the buyer and the seller, Feher Family Trust, in this transaction. Holliday Fenoglio Fowler also provided $6 million in financing to SR Commercial.
SAN DIEGO — DefenseWeb Technologies has signed a 90-month lease for 46,138 square feet at Seaview Corporate Center in San Diego. The Class A building is located at 10188 Telesis Court. It offers lifestyle amenities, such as an on-site café and deli, fitness center, heated lap pool, tennis and basketball courts, and direct access to jogging and biking trails. The software solutions creator was represented by Bob Rodewald of James Crone & Associates. The landlord, John Hancock Life Insurance Company (USA), was represented by Brett Ward, Bill Cavanagh and Michael Cassolato of Cassidy Turley’s San Diego office.
MIAMI BEACH, FLA. — KBS Realty Advisors has signed 18,396 square feet in new leases at its 555 Washington building in Miami Beach. The leases bring the Class A, 64,617-square-foot office and retail property to 96.5 percent occupancy. CVS/pharmacy has signed an 11,569-square-foot lease, and Bok’s Restaurant Group has signed a 6,827-square-foot lease for a Soo Woo Japanese & Korean Steakhouse. CVS/pharmacy is expected to open its store in August. Aaron Butler of Avenue Real Estate Partners represented KBS in both lease transactions.
ATLANTA — Bull Realty has completed the second expansion in less than two years of its office space at 50 Glenlake Parkway in Atlanta’s Central Perimeter submarket. Bull Realty now occupies 15,075 square feet, increasing its footprint by roughly 3,000 square feet. The office features a large open coffee shop area looking in on the company’s Studio One, a radio/video studio where the nationally syndicated “Commercial Real Estate Show” is produced. The space now has a new game room with a pool table, ping pong, dartboard, Bluetooth sound system and flat screen TVs. The space also includes a new high-tech meeting room, a lounge with a large video screen and an executive boardroom. Facilitec designed the space and consulted on the office’s furniture. Bull Realty’s cubicles were also replaced with modern pods. Bull Realty's current specialties include office, retail, industrial, multifamily, healthcare, land, seniosr housing, student housing, automotive properties, self storage, daycare and single-tenant net lease properties.
BOSTON — HFF has arranged $24.6 million in refinancing for 250 Summer Street in Boston’s Seaport district. Originally built in 1903, the eight-story, 104,709-square-foot office building is 100 percent leased to a variety of tenants, including Morrison Mahoney LLP. HFF secured the long-term, fixed-rate loan through Eastern Bank for the borrower, a partnership between Synergy Investments and Independencia Asset Management. Greg LaBine of HFF led the team that represented the borrower.
TEWKSBURY, MASS. — Tritower Financial Group has acquired Ames Pond Corporate Center in Tewksbury, a northern suburb of Boston, for $15 million. The two-building, 154,000-square-foot office property is fully leased. The sellers, Leggat McCall and Dead River Properties, originally purchased the property in 2009 from ASB Capital and completed a series of upgrades to the buildings. David Pergola and Brian Doherty of Cassidy Turley represented the sellers in the transaction.
LOS ANGELES — Universal Music Group (UMG) has leased 146,636 square feet at LNR Warner Center in the Los Angeles submarket of Woodland Hills. The seven-building campus is located at 21301 Burbank Blvd. The 10-year lease is estimated at a reported $46 million. UMG will occupy the top four floors of the five-story building. This is the largest relocation lease by square footage in the San Fernando Valley so far this year, according to CBRE, which represented UMG. The music company plans to consolidate its two existing Woodland Hills offices. The new lease will commence this February. UMG’s Santa Monica offices will not be affected by the relocation. The company was represented by CBRE’s Paul Stockwell, Josh Leibowitz and Jeremy Charles. Hines was represented in-house by Todd Later and Eric Lyon.
CHICAGO — KBS Real Estate Investment Trust III has arranged a total of 71,043 square feet of leases at the 500 West Madison tower in Chicago, which was acquired by the REIT in December 2013. The leases included a lease extension for Lincoln International for a 47,423-square-foot space; a lease expansion for Here North America to occupy 12,214 square feet; a new lease for a 9,925-square-foot space for Inventus; and a 1,481-square-foot lease extension for Alliance Tech Group. Lisa Davidson and Tiffany Winne of Studley represented Lincoln International in its lease; Todd Lippman and James Whalen of CBRE represented Here North America; Jonathan Gordon and Jordan Mellovitz of Cushman & Wakefield represented Inventus; and Jesse Slack of MB Real Estate represented Alliance Tech Group. Michael Lirtzman and Courtney Baratz of Transwestern represented KBS REIT III in the transactions. 500 W. Madison is a 1.46 million-square-foot office tower. The 40-story building consists of office and retail space. The property sits above the Ogilvie Transportation Center, one of two main suburban train stations connecting the Chicago suburbs with downtown, and provides direct access to city trains, buses and expressways. The tower’s first two levels contain nearly 64,000 square-feet of retail space with …