BRIDGEWATER, N.J. – Global consulting, technology and business process outsourcing company iGATE Technologies has signed a long-term lease to occupy 13,000 square feet at Somerset Corporate Center I. The center is one of five buildings within SJP Properties’ 1.5 million-square-foot, Class A office complex in Bridgewater, located about 28 miles southwest of Newark. The company will use the space as its first New Jersey headquarters, which is slated to open in the second quarter. Ron Volk of CBRE represented iGATE in the transaction. SJP Properties was represented in-house.
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MESA, ARIZ. — Mesa Corporate Center, a 106,077-square-foot office building, has sold to Buchanan Street Partners for $13.2 million. The center is located at 1001 W. Southern Ave. in Mesa. It was 89 percent leased at the time of sale. Notable tenants at the center include Allstate Insurance Company, DeVry University and Allied Barton Security. The seller, Parkway Properties, was represented by Chris Toci, Chad Littell, Jerry Noble and Ryan Bartos of Cushman & Wakefield.
WASHINGTON, D.C. — First Market Properties (FMP) has closed on a loan portfolio of five apartment properties in the metro Washington, D.C., area. The REO transaction includes Class B communities totaling 1,188 units. The communities include the 410-unit Forest Village in Suitland, Md.; the 349-unit Shadyside Gardens in Suitland; the 131-unit Marlow Tower in Temple Hills, Md.; the 126-unit Marlow Garden in Temple Hills; and the 172-unit Marlow Heights in Temple Hills.
FAIRFIELD, N.J. — Science Applications International Corp. (SAIC) has renewed its 25,000-square-foot lease at 155 Passaic Ave., an 88,000-square-foot office building in Fairfield. Bergman Real Estate Group and Time Equities Inc. owns the property. Steve Fleming of Jones Lang LaSalle represented SAIC in the transaction.
HOUSTON — Commercial real estate company Moody Rambin has arranged a 12,146-square-foot office lease in Houston for accounting firm Malone Bailey LLP. The tenant will occupy space at the Younan Place building, an 11-story, 211,125-square-foot tower located at 9801 Westheimer Road. Constructed in 1982, the property is situated in proximity to the interchange of Sam Houston Tollway and Westpark Tollway. Griff Jaggard and Derek Beck of Moody Rambin represented the building owner, YPI 9801 Westheimer LLC, in the negotiations. Andre Granello of Cresa Houston represented Malone Bailey.
CHICAGO — Brokerage firm @properties Commercial has arranged the $4.5 million sale of a 37,200-square-foot loft office building at 311 N. Aberdeen St. in Chicago. Rick Kosberg of @properties Commercial represented the buyer, N.C. LLC. Denis Ascot of Ascot Realty Group Inc. represented the seller, 311 N. Aberdeen LLC, in the transaction. The property includes a four-story brick building with a lower-level parking garage. The building was 85 percent leased at the time of the sale.
KANSAS CITY — Block & Co. Inc. Realtors has arranged the $2.6 million sale of two buildings near Kansas City's Westport entertainment district. The first property, located at 3947 Broadway St., is home to DaVita Dialysis. 5265 Vance LLC purchased the 7,672-square-foot building for $2.2 million. Max Kosoglad of Block & Co. represented the seller, UC1 LLC, in the transaction. The second property is located at 1913-1915 W. 43rd Ave. Manica Real Estate LLC purchased the two buildings, which total 8,500 square feet, for $400,000. The property will now serve as the new headquarters for Manica Architechture. Max Kosoglad and David Block of Block & Co. represented the seller, 43rd Avenue LLC, in the transaction.
MERRIMACK, N.H. — Bradstreet & Chandler and Novaya Real Estate Ventures have acquired Heron Cove Office Park, a 152,308-square-foot, three-building office park in Merrimack. Constructed between 1999 and 2001, the park is among the newest office products in the Greater Manchester/Nashua submarket. Castle Hill Partners sold the portfolio to HCOP Merrimack LLC, a joint venture of Boston-based Novaya Real Estate Ventures and Bradstreet & Chandler. Bill Moylan and Roger Dieker of CBRE/NE represented the seller and procured the buyer in the transaction. Kyle Juszczyszyn and Josh Klimkiewicz of CBRE/NE arranged the financing through East Boston Savings Bank. CBRE/NE’s Roger Dieker, Mike Tamposi and Chris Healey will handle the leasing of Heron Cove going forward. At closing, the park was 59 percent occupied by tenants including Intel Corp., Pennichuck Water Works Inc. and Tyler Technologies Inc.
PARSIPPANY, N.J. — Emergency Medical Associates (EMA), a provider of hospital emergency room services, has expanded its headquarters to 70,000 square feet at 3 Century Drive in Parsippany. Jon Williams of Cushman & Wakefield arranged the transaction, which added 24,000 square feet to the organization’s space at the KRE Group property. EMA has been located at 3 Century Drive since 2011, when it initially leased two floors. The expansion added a third.
SAN FRANCISCO – Equity Office Properties Trust has unloaded two office complexes north of San Francisco for a reported $100 million. The disposition includes Drake’s Landing, a 130,177-square-foot office complex in Greenbrae, and Wood Island, an 82,731-square-foot complex in Larkspur. Drake’s Landing was purchased by a large life insurance company, while Harrigan, Weidenmuller Co. snatched up Wood Island. The three-building Drake’s Landing is located at 100, 300, 500 Drakes Landing Road. It is 88 percent occupied. The two-building Wood Island is located at 60-80 E. Sir Francis Drake Blvd. It is 95 percent occupied. Both properties are situated near Highway 101, which connects Marin County to San Francisco via the Golden Gate Bridge. Harrigan, Weidenmuller Co. was represented by Tim Muller, Brian Muller and Jim Clifford of Montgomery Advisors. Equity Office was represented by Michel Seifer, Rob Hielscher and Aaron Herter of Jones Lang LaSalle’s (JLL) Capital Markets.