PHOENIX — Matrix Absence Management has moved its U.S. headquarters to Desert Canyon 200 in Phoenix. The space is located at 2421 W. Peoria Ave. The employee benefits management company has leased 65,502 square feet at the Desert Canyon Campus. It was previously based at the nearby Lakeside Center. Matrix will occupy a space that was vacated by American Express. It is currently undergoing renovations and should be ready for occupancy next spring. Matrix, a subsidiary of the Tokio Marine Group, was represented by Steve Corney of Jones Lang LaSalle’s Phoenix office. The landlord, REEF Desert Canyon, LLC, was represented by Jim Bayless, Ashley Brooks and Jenny Aust of CBRE’s Phoenix office.
SANTA MONICA, CALIF. — Science, Inc., has signed a 45-month lease for 16,220 square feet of space in Santa Monica. The 24,578-square-foot building is located at 1447 2nd Street. The building is now fully occupied. The technology incubator and investor is relocating and expanding from its 10,000-square-foot office that’s just steps away at 1410 2nd Street. The new space was previously occupied by Hydraulx. Science, Inc., was represented by Randy Starr and Tim Dornan of Avison Young. The landlord, Beitler Commercial Realty Services, represented itself in this transaction.
NEW YORK CITY — Three office buildings located at 164-168 Canal St., 40-42 Elizabeth St. and 159-165 Canal St. in Manhattan’s Chinatown neighborhood have sold for $95.5 million. The properties total 79,375 square feet. The six-story, 49,950-square-foot building located at 164-168 Canal St. was 70 percent occupied at the time of sale by tenants such as Citibank and NY Life & Co. George Comfort & Sons Inc. and ASB Real Estate Investments purchased the building for $61.9 million, or $1,239 per square foot. The five-story, 24,425-square-foot office building at 40-42 Elizabeth St. includes two ground-floor retail spaces with 16 office units above. The two-story, 5,000-square-foot office property at 159-165 Canal St. includes ground-floor retail and is anchored by First Republic Bank. Isaac and Joseph Oved of The Oved Group purchased the two buildings at 40-42 Elizabeth St. and 159-165 Canal St. for $33.6 million, or $1,142 per square foot. Paul Massey Jr., Robert Burton and Nick Petkoff of Massey Knakal arranged the transactions on behalf of a family who sold the buildings.
FRANKLIN, MASS. — The Stubblebine Co./CORFAC International and R.W. Holmes has arranged a long-term 28,656-square-foot lease renewal at 40 Kenwood Circle in Franklin. New England Chapel, an Evangelical Christian Church, will complete a renovation of the administrative areas and classrooms and chapel areas. James Stubblebine and Alan Ringuette of The Stubblebine Co. and John Eysenbach of R.W. Holmes represented Chris Paine and New England Chapel.
SAN ANTONIO — Stream Realty Partners has purchased nearly 17 acres in San Antonio for the construction of a 126,626-square-foot speculative office property to be known as Lockhill Crossing. The five-story, Class A building will be located at 4530 N. Loop 1604 W. and will feature amenities including a fitness facility and outdoor walking trail. Stream plans to break ground on the property before the end of the year. Carolyn Hinchey Shaw and Ryan Harrison of Stream will lead leasing efforts during development and after completion.
HOUSTON — Marcus & Millichap has brokered the sale of a 27,725-square-foot office building in Houston’s inner loop. Situated on a corner parcel of 1.56 acres at the intersection of Bissonnet Street and Wakeforest Avenue, the property houses a variety of smaller tenants. Derek Hargrove of Marcus & Millichap represented the seller, Beltika LLC, in the transaction. Hargrove also secured the buyer, a developer.
PHOENIX — Matrix Absence Management has moved its U.S. headquarters to Desert Canyon 200 in Phoenix. The space is located at 2421 W. Peoria Ave. The employee benefits management company has leased 65,502 square feet at the Desert Canyon Campus. It was previously based at the nearby Lakeside Center. Matrix will occupy a space that was vacated by American Express. It is currently undergoing renovations and should be ready for occupancy next spring. Matrix, a subsidiary of the Tokio Marine Group, was represented by Steve Corney of Jones Lang LaSalle’s Phoenix office. The landlord, REEF Desert Canyon, LLC, was represented by Jim Bayless, Ashley Brooks and Jenny Aust of CBRE’s Phoenix office.
SANTA MONICA, CALIF. — Science, Inc., has signed a 45-month lease for 16,220 square feet of space in Santa Monica. The 24,578-square-foot building is located at 1447 2nd Street. The building is now fully occupied. The technology incubator and investor is relocating and expanding from its 10,000-square-foot office that’s just steps away at 1410 2nd Street. The new space was previously occupied by Hydraulx. Science, Inc., was represented by Randy Starr and Tim Dornan of Avison Young. The landlord, Beitler Commercial Realty Services, represented itself in this transaction.
SAN DIEGO — Drawbridge Realty Trust has acquired the Discovery Corporate Center Building A in San Diego for $36.5 million. It is located at 16340 West Bernardo Drive in the Rancho Bernardo submarket. The 90,610-square-foot, Class A building is fully leased to Broadcom Corporation. Drawbridge now owns three of the four buildings that comprise the 318,235-square-foot Discovery campus. The company is focused on acquiring well-located properties leased to major corporations in markets with positive absorption and job growth. The seller was Menlo Equities.
NASHVILLE, TENN. — Cushman & Wakefield | Cornerstone’s healthcare practice group has arranged a 109,751-square-foot office lease at Burton Hills Office Park in Nashville’s Green Hills submarket. The building is under development and is expected to be delivered in 2015. AmSurg Corp. is leasing space in the three-story building, which will feature three levels of underground parking. The new space will house 350 of AmSurg’s employees and will eventually serve as the firm’s corporate headquarters. Dick Fleming, Terry Smith, Ben Burns and Henry Trost of Cushman & Wakefield | Cornerstone represented AmSurg in the transaction.