NEW YORK CITY — Avison Young has completed a 26,400-square-foot office lease at 101 Park Ave. in Manhattan on behalf of investment management firm Federated Investors Inc. The lease comprises the tower’s entire 41st floor. Federated will move into its space at 101 Park Ave. in December 2014, upon completion of its build-out. Principals Greg Kraut and Brad Totten of Avison Young represented Federated in the transaction. John Cefaly and Clark Finney of Cushman & Wakefield represented the landlord, H.J. Kalikow & Co. LLC. Avison Young’s New York City-based project management team, led by Edward Walsh and Kirsten Beck, is overseeing the design and construction of Federated’s new office.
BOSTON — AKF Group, a full-service consulting engineering firm, has signed a 15,247-square-foot office lease at 99 Bedford St. in downtown Boston. Currently occupying 7,820 square feet at 41 Farnsworth St. in Boston’s Innovation District, AKF plans to move into its new larger space in spring 2014. The firm will occupy the entire second floor of the five-story, 84,000-square-foot standalone office building.Brandon Leitner and Rick Lowe of Cresa Boston represented AKF Group in the leasing transaction. Barry Dubé and Kari Panutich of Cresa’s project management group will oversee and manage the construction and relocation to the building.Ted Wheatley, Dan Cavanaugh and Brad McGill at Jones Lang LaSalle represented the landlord, Plymouth Rock Assurance.
OAKLAND, CALIF. – Ellis Partners has acquired 1111 Broadway in downtown Oakland for a reported $158 million. The 24-story, Class A building contains a total of 566,168 square feet inside Oakland City Center. Notable tenants at the building include Merrill Lynch Wealth Management, HTNB, Wendel Rosen Black & Dean LLP and Tiemstra Law. Oakland City Center was owned by CBRE Investors until it began the disposition of all five assets earlier this year. Eastdil Secured represented both the buyer and the seller in this transaction.
LONG BEACH, CALIF. — Primex Agriculture Services has signed a five-year lease for 104,737 square feet at the California State University Long Beach (CSULB) Technology Park. The park is located at 2200-2250 Technology Place in Long Beach’s Heavy Weight Corridor. The space was previously occupied by DAMCO Distribution. The alfalfa exporter was represented by Zac Sakowski and Barry Hill of Jones Lang LaSalle. The landlords, CSULB and Watt Commercial Properties, were represented by Gregory Gill, Garrett Massaro and Brandon Carrillo of Lee & Associates.
MIAMI — White & Case LLP has signed a long-term lease renewal for 57,954 square feet of office space at Southeast Financial Center, a 1.2 million-square-foot office tower in Miami’s CBD. The tower is the tallest and largest office building in Florida, according to Jones Lang LaSalle. Donald Cartwright and Nicole Vassilaros of Jones Lang LaSalle represented the landlord in the lease negotiations. Tere Blanca of Blanca Commercial Real Estate Inc. represented White & Case in the transaction.
LISLE, ILL. — Chicago-based GlenStar Properties LLC, along with an institutional capital partner, has purchased 2400 Cabot Drive in Lisle from CA Lisle Project Co. LLC an entity advised by CBRE Global Investors LLC. The 205,633-square-foot building, originally built in 1987 as Pansophic Systems Inc.’s headquarters, is a Class A suburban headquarters building. Ideal for large users of office space, the building features 52,000-square-foot floor plates and amenities including conference and training facilities, indoor executive parking, a fitness center and a full service cafeteria and dining area. The new ownership plans to increase and upgrade the existing on-site parking and will also provide additional building enhancements.
LONG BEACH, CALIF. — Primex Agriculture Services has signed a five-year lease for 104,737 square feet at the California State University Long Beach (CSULB) Technology Park. The park is located at 2200-2250 Technology Place in Long Beach’s Heavy Weight Corridor. The space was previously occupied by DAMCO Distribution. The alfalfa exporter was represented by Zac Sakowski and Barry Hill of Jones Lang LaSalle. The landlords, CSULB and Watt Commercial Properties, were represented by Gregory Gill, Garrett Massaro and Brandon Carrillo of Lee & Associates.
FREMONT, CALIF. – A 22,505-square-foot office building in Fremont has sold to a limited liability company for $3.1 million. The building is located at 200 Brown Road. It was 90 percent occupied by many short-term tenants at the time of sale. The LLC was represented by Bryan Webb of Marcus & Millichap’s San Francisco office.
FORT LAUDERDALE, FLA. — Greenspoon Marder, a full-service business law firm, has leased four floors at 200 E. Broward Blvd., a 21-story Class A office tower in downtown Fort Lauderdale. The law firm’s 64,964-square-foot lease and expansion is the largest law firm lease renewal and expansion in South Florida this year, according to Jones Lang LaSalle. Sandra Andersen of Jones Lang LaSalle represented the landlord, VV USA City LP, an entity represented by Invesco Real Estate. Thomas Capocefalo and Gregory Katz represented Greenspoon Marder in the transaction. With the lease, 200 E. Broward Blvd. is 88 percent leased.
WEST OMAHA, NEB. — Q10 | Daisley Ruff Financial has arranged a $5.5 million permanent loan through a correspondent lender for Empire Spectrum, a 143,050-square-foot office and industrial complex in West Omaha. The non-recourse loan carries an interest rate of 4.4 percent and includes a 25-year amortization schedule. Bob Chalupa, senior vice president of Q10 | Daisley Ruff Financial, arranged the financing.