SCHAUMBURG, ILL. — CBRE has arranged the lease of a 10,681-square-foot office space in Schaumburg for Trelleborg Sealing Solutions, a global supplier of polymer-based critical sealing solutions. The company will occupy space in the Woodfield Preserve Office Center located at 20 N. Martingale Road. The firm is relocating its Midwest sales office from a site in Hanover Park, Ill. Bill Saviski of CBRE represented Germany-based Trelleborg Sealing Solutions in the transaction. Rob Graham of CBRE represented the landlord.
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PALO ALTO, CALIF. — Cohen Financial has arranged a $29.8 million loan for the refinancing of a 50,000-square-foot office building in Palo Alto. Located at 130 Lytton Ave., in proximity to Palo Alto Caltrain station, the four-story structure is fully leased to Amazon subsidiary A9. Paul Schroeder of Cohen Financial originated the fixed-rate, seven-year loan through Sun Life of Canada. According to the Silicon Valley Business Journal, Rockwood Capital purchased the asset in November 2013.
LEXINGTON, S.C. — Newmark Grubb Wilson Kibler has brokered the $5.5 million sale of a two-story, 51,512-square-foot office building located at 113 Reed Ave. in Lexington. TD Bank currently occupies the property. Jeremy Wilson of Newmark Grubb Wilson Kibler represented the buyer, ET Lexington LLC, in the transaction. Ben Kelly of NAI Avant represented the seller.
THORNWOOD, N.Y. — CBRE Group’s Westchester/Connecticut office has brokered the sale of two buildings and 97 acres at Thornwood Conference Center in Thornwood. Legion of Christ Inc. sold the assets to EF Academy International Boarding Schools for an undisclosed price. The buyer plans to use the site to expand its main campus in Tarrytown, N.Y. The two buildings total 410,000 square feet and feature a full-service cafeteria and dining room, 300-seat auditorium and conference center, dormitory-style rooms, landscaped courtyard, indoor recreation center, tennis courts and jogging trails. William Cuddy Jr. and Budd Wiesenberg of CBRE represented the seller in the transaction.
NEWPORT BEACH, CALIF. — Buchanan Street Partners has acquired WorkScapes, an 82,660-square-foot creative office campus in Newport Beach, for $14.5 million. The six-building campus is located at 20321-20371 Irvine Ave. Notable tenants include the Newport Beach Chamber of Commerce, Life Generations Health Care and P11 Creative Inc. The seller, Hackman Capital Partners, was in the process of converting the campus into a creative office space at the time of sale. Buchanan plans to complete the repositioning. Hackman was represented by CBRE’s Gary Stache, Pat Scruggs and Anthony DeLorenzo. The firm’s Simon Dillon, Justin Hill and Jason Katz will also handle the campus’ leasing efforts.
LOS ANGELES — DivcoWest has acquired the Continental Grand Plaza, a 483,000-square-foot office complex in the Los Angeles submarket of El Segundo, for an undisclosed sum. The two-building, Class A complex is located at 300-400 Continental Blvd., less than 3 miles from Los Angeles International Airport. DivcoWest recently purchased Gateway El Segundo, a five building office and retail portfolio just a block from Continental Grand, this past April. The privately owned real estate investment firm believes this area is “becoming a key Los Angeles growth market for media and technology-related companies,” according to its transaction announcement.
WARRENVILLE, ILL. — J.C. Anderson Inc. has completed a 26,610-square-foot office renovation for Symbria, a national developer and provider of therapy services, in Warrenville. The property is located at 28100 Torch Parkway, approximately 30 miles west of Chicago. Symbria, formerly Health Resources Alliance, leased office space in the Cantera Meadows office center and has moved approximately 100 employees into the new space. The eight-story, Class A office building was constructed in 1997 and features an open-plan perimeter with a two-story granite and wood lobby. J.C. Anderson completed the renovation and build-out of the firm’s new space on the sixth floor, which included the addition of an executive suite and private bath. Interior Architects provided the architectural services and Urban Innovations was the project manager on behalf of ownership.
LINCOLN, NEB. — NAI FMA Realty has arranged a 48,651-square-foot office lease for Nelnet Inc. in the Commerce Court and Wells Fargo Center in downtown Lincoln. The properties are located at 1230 and 1248 ‘O’ Street. Wells Fargo Center is an 11-story, 287,000-square-foot Class A office building. Commerce Court is a 58,500-square-foot, Class B office building attached to the Wells Fargo Center. Richard Meginnis and Tom Graf of NAI FMA Realty represented the owner, Ameritas Life Insurance Corp. Lincoln-based Nelnet is an education services company focused primarily on providing fee-based processing services and education-related products and services. The lease expands Nelnet’s local operations and provides the company with space for continued growth.
MIDDLETON, MASS. — New York-based Sovereign Partners has acquired Ferncroft Corporate Center, which is located at 35 Village Road in Middleton. The Davis Companies (TDC) sold the Class A office building for $24.3 million. The eight-story, 230,554-square-foot building was a former headquarters facility for Verizon. TDC originally acquired the property in early 2011 from Miami-based LNR Partners, and completed significant upgrades and renovations throughout the building after acquisition. The tenant roster now includes SAS Institute, Morgan Stanley and Appleseeds. David Pergola and Brian Doherty of Cassidy Turley represented TDC in the transaction.
NEW YORK CITY — KiDS Creative LLC has signed a lease for 34,755 square feet of office space at One World Trade Center. The 15-year lease is for the entire 87th floor of the 104-story, 3 million-square-foot building. One World Trade Center is being developed as a joint venture of The Durst Organization and The Port Authority of New York and New Jersey. Durst is marketing the building along with the Cushman & Wakefield team of Tara Stacom, Alan Stein, James Searl and Justin Royce, and Jodi Pulice of JRT Realty.