FORT LAUDERDALE, FLA. — Berger Commercial Realty has brokered the sale of a 24,000-square-foot office building in downtown Fort Lauderdale for approximately $2 million. The four-story property is located at 955 S. Federal Highway. Sapphire Investment Fund LLC purchased the office asset from the AIDS Healthcare Foundation Inc. Sapphire plans to invest $2 million to renovate the office building.
NEW YORK CITY — Sitt Asset Management LLC has sold 240 West 40th Street, a 159,774-square-foot office building in Manhattan, to AEW Capital Management for $63 million. The 13-story, loft-style building is fully leased to fashion label DKNY. Richard Baxter, Jon Caplan, Scott Latham, Yoron Cohen and Stephen Shapiro led Jones Lang LaSalle’s capital markets group, which represented the seller in the transaction.
NEW YORK CITY — Colliers International has arranged a 59,323-square-foot lease renewal on behalf of law firm Richards Kibbe & Orbe LLP, which will continue to occupy its headquarters space at 200 Liberty St. in Lower Manhattan. Richards Kibbe & Orbe serves the financial and business communities and has offices in New York City, Washington, D.C., and London. The firm occupies the 28th and 29th floors at 200 Liberty St. Brookfield Office Properties owns the building. David Cheikin and Christopher Zizza of Brookfield Office Properties represented the landlord in-house in the transaction.
ATLANTA — Comcast Spotlight Atlanta, a subsidiary of Comcast Communications Inc., has signed a full-floor lease at One Glenlake, a 353,000-square-foot office building located in Atlanta’s Perimeter submarket. Comcast Spotlight’s new office space is located at One Glenlake Parkway in Suite 1100. Michelle Galvani of Wildmor Realty represented Comast Spotlight in the lease transaction. PM Realty Group represented the landlord. Comcast Spotlight will move to One Glenlake after 18 years of occupying space at its previous location in Norcross, Ga.
CHICAGO — J.C. Anderson Inc. has completed a 25,000-square-foot build-out for DePaul University’s Schmitt Academic Center (SAC) at 2320 N. Kenmore Ave. in Chicago. The SAC houses academic and administrative offices for DePaul University, the nation’s largest Catholic university. The build-out included renovating the entire third floor, as well as half of the second and fourth floors. J.C. Anderson also added private offices, public corridors and conference rooms. Steve Boulukos of J.C. Anderson was the project executive, and Vasilko Architects provided design services.
JERSEY CITY, N.J. — Forbes Media signed a 10-year, 92,720-square-foot lease for the entire ninth and 10th floors of 499 Washington Boulevard, a 14-story, Class A office building in Jersey City. The 60,000-square-foot tower is located within Newport, a mixed-used community developed by LeFrak that includes more than 5,000 luxury apartments and is located minutes from Manhattan. The American media publishing company will relocate its former headquarters in Manhattan to Newport by the end of 2014. Marylou Berk, senior vice president and head of commercial real estate at LeFrak, and Charles Borrok, executive vice chairman of Cushman & Wakefield, secured the lease on behalf of Newport.
HOUSTON — Moody Rambin has arranged a 10,016-square-foot office lease at the 363 N. Sam Houston Parkway building of Houston. Construction and engineering firm Day & Zimmerman Group Inc. will occupy the space. The larger property, a tower totaling nearly 400,000 square feet, is in proximity to the interchange of Sam Houston Parkway and Interstate 45. Griffin Jaggard and Terri Torregrossa of Moody Rambin represented the building owner, 363 Northbelt LP, in the negotiations. Jon Lee of CBRE represented the tenant.
PORTLAND, ORE. — Jama Software is relocating and expanding in Portland. The enterprise software company is consolidating two of its offices and relocating its headquarters to 2&Taylor. The new office space is located at 135 SW Taylor. It will occupy 34,629 square feet of the 70,397-square-foot building. The space was formerly occupied by Bally’s Total Fitness. Jama was represented by Niall Travers, Eric Turner and Craig Reinhart of Cresa. The landlord, B13 Investors, LLC, was represented by Peter Andrews and Nick Ehlen of Melvin Mark Brokerage Company.
ROCKVILLE, MD. — HFF has arranged the sale of two office buildings totaling 148,742 square feet in Rockville, located about 18 miles north of Washington, D.C. The buyer, NGP V Fund LLC, purchased the properties for $48.6 million in two separate transactions. Both properties are fully leased to the General Services Administration, which manages and supports federal agencies. Jim Meisel, Dek Potts, Andrew Weir and Stephen Conley of HFF represented the seller, The JBG Cos., in the transaction.
SAN ANTONIO — Stream Realty Partners has acquired an 80,000-square-foot medical office building in San Antonio. The four-story, Class A property is located at 5109 Medical Drive on the Christus Santa Rosa Medical Center campus within the South Texas Medical Center. Constructed in 2008, the building is available for single-tenant occupancy or can be divided into 20,000-square-foot spaces for multiple users. Carolyn Hinchey Shaw and Jason Schnittger of Stream Realty will lead leasing efforts going forward, and the company will also manage the property.