MARYLAND HEIGHTS, MO. — World Wide Technology Inc. (WWT) has opened a new headquarters facility at its campus in Maryland Heights, about 20 miles northwest of St. Louis. The two-story, 57,200-square-foot building will accommodate WWT’s rapid growth an, according to the company. The facility includes an open space layout, a 150-seat auditorium, digital signage and a briefing center. Green technologies were included in the construction, such as plastic reflective roofing, motion sensors, efficient plumbing and recycled building materials. M+H Architects, O’Toole Design, Legacy Building Group and Keeley Construction are the design team for the project. The address for WWT’s new headquarters building is 701 Fee Fee Road.
NEW YORK CITY — Colliers International has arranged an eight-year, 17,000-square-foot relocation and expansion at 469 Seventh Ave. in New York City for Summit Business Media. The B2B media and information company, which serves the insurance, financial services and investment advisory markets, will occupy the entire 10th floor. Summit will move from its 475 Park Ave. location into its new expanded space by July. Eric Meyer and Martin Meyer of Colliers arranged the lease on behalf of the building owners. Alan Wildes of Cushman & Wakefield represented the tenant in the transaction.
BOSTON — Interior construction is now complete for The Perseus Books Group’s new 12,000-square-foot office, located at 44 Farnsworth St. in Boston. The nine-story building includes 96,000 square feet of office space, according to CoStar Group. The independent publishing company is relocating from Cambridge to the new space. The Perseus Books Group is moving 30 employees into the new space, as well as one of their divisions, Da Capo Press. Construction Coordinators Inc. provided construction management services, and Leslie Saul & Associates was the architect for the project.
DENVER – A 680,277-square-foot office building in Denver has sold to Franklin Street Properties Corp. for $183 million. The building is located at 1999 Broadway in the city’s Central Business District. The acquisition included a nine-story parking structure. The building is 96 percent leased.
ATLANTA — Colonial Properties Trust has sold Three Ravinia, an 814,000-square-foot Class A office asset in Atlanta, for $144.3 million. The property is 92.1 percent occupied. Colonial plans to use proceeds from the sale to repay a portion of its outstanding balance on the company's unsecured credit facility.
NORFOLK, VA. — Town Point Club Inc. has renewed its lease for 18,394 square feet of office space in the World Trade Center, located at 101 W. Main St. in Norfolk. Town Point Club is a private business club comprised of formal and casual dining areas, meeting rooms, business center, bar, lounge and smoking room. The membership includes business executives, military officers and entrepreneurs. Michael Divaris of Divaris Real Estate Inc. represented the tenant in the deal.
BLAINE, MINN. — McLean, Va.-based Gladstone Commercial Corp. has purchased an office building in Blaine from the CSM Corp. for $14.4 million. The 92,275-square-foot, single-story building is fully leased to PTC Inc., a Needham, Mass.-based company that develops software solutions and help companies design products and manage product information. “We are excited about this acquisition, which highlights our focus on high-quality assets leased on a long-term basis to strong tenants like PTC Inc.,” says Matt Tucker, a director of investment for Gladstone, a REIT.
ORANGETOWN, N.Y.— Bloomberg LP has signed a lease for a new 131,805-square-foot, build-to-suit data center in Orangetown, located about 13 miles west of White Plains. The center is being developed by a joint venture of Russo Development and Sentinel Data Centers, which will retain ownership of the property. Upon completion, the facility will be a single-story property with infrastructure to provide more than seven megawatts of data capacity. The project is slated for completion in mid-2014. The Rockland County Industrial Development Agency endorsed Orangetown’s resolution to provide the project with a partial tax abatement package and Bloomberg’s lease agreement is conditional upon final authorization by the county executive.
DALLAS — Velocis, a commercial real estate investment fund, and its investors have purchased 3131 McKinney Avenue, a 145,610-square-foot Class A office building in Uptown Dallas. The 13-story property is more than 90 percent leased. The property sits atop a six-story parking garage and its tenants have immediate access to West Village, the McKinney Avenue Trolley line and Katy Trail. The acquisition is Velocis' ninth purchase, bringing its total assets under management to more than $240 million. HFF represented the seller, a state pension fund advised by Lincoln Property Co., in the transaction. Lincoln will manage the asset, and James Esquivel, Jay Bailey and Clint Coe of Jones Lang LaSalle will handle property leasing.
DENVER – A 680,277-square-foot office building in Denver has sold to Franklin Street Properties Corp. for $183 million. The building is located at 1999 Broadway in the city’s Central Business District. The acquisition included a nine-story parking structure. The building is 96 percent leased.