NEW YORK CITY —Liberty Mutual Insurance has signed a 130,000-square-foot lease at 55 Water St. in New York City for 10 years. The 3.8 million-square-foot office building stands 54 stories tall and is the second largest privately owned office building in New York City. Liberty Mutual’s new lease doubles its space and spans two floors. Mary Ann Tighe, Brad Gerla, Howard Fiddle and Evan Haskel of CBRE represented the owner, New Water Street Corp., in the deal. Cresa represented Liberty Mutual.
BOSTON — Richards Barry Joyce & Partners has brokered several leases on behalf of Clarion Partners at Waltham Woods Corporate Center, located at 880 and 890 Winter St. in Boston. The leases total more than 55,000 square feet of space and were signed with Fieldwork Boston, Global Advanced Metals, NKT Therapeutics Inc., Windjammer Capital Investors and WinterWyman. Jon Varholak and Ron Friedman of Richards Barry Joyce & Partners represented Clarion Partners in the transactions.
IRVING, TEXAS — UCR Investment Sales has brokered the sale of the 106,647-square-foot Central Park Shopping Center, a grocery-anchored development located at 1706 W. Irving Blvd. in Irving. Terry's Supermarket anchors the shopping center, which includes other tenants such as Auto Zone, Rent-A-Center, Family Dollar, H&R Block, Super Wash & Dry and Metro PCS. The shopping center is 86.5 percent leased. Tommy Tucker of UCR Investment Sales represented the out-of-state seller and procured the buyer, an investment group formed by Steve Gregory, Derek Ferem and the J. Evans Family Partnership.
DORAL, FLA. — The 9250 Doral office building, currently the largest single block of available space in the Doral area, will undergo a multi-million renovation. Amadeus North America moved out of the property one year ago, leaving the 187,000-square-foot property fully vacant. Delma Properties, the building owner, plans to reposition the building into a multi-tenant office property. Delma is spending $1.5 million to refurbish the lobby and other common areas, which is expected to be complete by the end of this month. Exterior work includes upgrades to the entry fountain, pedestrian bridge, facade and parking for a total investment of more than $7 million. The property is located on Doral's main east-west throughway at 9250 N.W. 36th St.
BRENTWOOD, TENN. — Brasfield & Gorrie has started construction on Tractor Supply Co.'s new headquarters in Brentwood. The project will include two, four-story office buildings totaling 260,000 square feet and a 324,000-square-foot parking deck. The office buildings will be connected by a central two-story atrium. Hastings Architecture Associates designed the project, which is seeking LEED certification. The project is expected to be complete in the third quarter of 2014.
NEW YORK CITY — TGM Associates, an investment advisory firm focusing on multifamily properties, has renewed its 11,280-square-foot lease at 650 Fifth Ave. near Rockefeller Center for 10 more years. TGM will occupy the entire 28th floor of the 36-story office building in the Plaza District on 52nd Street. Built in 1979 and previously known as the Piaget Building, 650 Fifth Ave. is a 382,500-square-foot tower owned by 650 Fifth Avenue Co.
WILMINGTON, DEL. — Law firm Fox Rothschild LLP has signed an 11-year lease for 20,184 square feet on the second and third floors at Citizens Bank Center, an 18-story office building, in Wilmington. The building, which is located at 919 N. Market St., is a Class A office property that spans 221,686 square feet. A tenant of the building for 15 years, Fox Rothschild had previously occupied approximately 17,000 square feet on two non-contiguous floors. With the new lease, the firm will have contiguous space on two floors with an interconnecting staircase, as well as a private lobby and elevator off the building’s main lobby on the first floor. Doug Simon of Newmark Grubb Knight Frank represented Fox Rothschild in the deal. Keystone Property Group is the owner of the building.
PLANO, TEXAS — KDC, a commercial real estate development and investment firm, has sold its remaining interest in The Campus at Legacy to its equity partners Spear Street Capital. The Campus at Legacy, a 107-acre, multi-tenant corporate campus in Plano, is currently 98 percent leased to tenants such as Denbury Resources, PepsiCo, St. Jude Medical, Bear Transportation, Futurewei Technologies, Dr. Pepper Snapple Group Inc., Lifecare, North American Coal Corp., World Ventures and Rent-A-Center.
AUSTIN, TEXAS — Bigcommerce, an e-commerce platform for small- and medium-sized businesses founded in Sydney, Australia, has signed a 33,000-square-foot office lease at 11305 Four Points Drive at FM 2222 and RM 620 in Austin. The company plans to move its 120 employees into the office space in April. Bigcommerce is working with lauckgroup, an architecture firm, and general contractor Balfour Beatty to renovate the office building, which is LEED Gold certified. The new office will feature indoor swings, an espresso bar, casual meeting spaces, a games room, built-in kegerators and two functional interior garage doors to expand meeting/office space. The Austin office is the company's North American headquarters.
SEAL BEACH, CALIF. — Bixby Office Park, a 297,241-square-foot complex in Seal Beach, has sold to Parallel Capital Partners for $85 million. The acquiring entity was PCPI BIXBY, LP. The three-building park is located at 3001-3005, 3010, 3020 and 3030 Old Ranch Parkway. It is currently 98 percent leased. Notable tenants include Baker Corp., SAIC, Olson Urban Housing, Seagate Offices and Clean Energy Fuels Corp. Parallel Capital Partners represented themselves in this transaction, while the seller, a large national insurance company, was represented by Adam Edwards and K.C. Scheipe of Eastdil Secured.