FORT LAUDERDALE, FLA. — OneBlood has purchased a 75,000-square-foot office building, located at 3000 W. Cypress Creek Road in Fort Lauderdale, from the Florida Department of Financial Services for $9.8 million. MIchael Fay and John Crotty of Colliers International represented the buyer in the transaction, and Robert Listokin and Sal Bonsignore, also of Colliers International, represented the seller. The buyer will fully occupy the building, creating the BloodBank of Florida.
DENVER – Physician Health Partners has leased 31,863 square feet in Denver. The building is located at 1125 17th Street. CBRE’s Brian Wells represented Physician Health, while Doug Wulf and Robert Knisely of Cassidy Turley Fuller Real Estate represented the seller, 1125 Transwestern Broadreach, in this transaction.
CORAL GABLES, FLA. — The 10,701-square-foot Minorca Executive Center, an office building located at 370 Minorca Ave. in Coral Gables, has sold for $2.2 million. Kirk Olson, Benjamin Silver and Drew Kristol of Marcus & Millichap's Miami office represented the seller, a Miami-based limited liability company, in the transaction.
NEW YORK CITY — NYC Department of Hospital Employees Local #420 has purchased a 7,766-square-foot office condominium at 70 West 36th St. in New York City for $4.1 million. The NYC Department of Hospital Employees is the largest public employee union in New York City, and the new office space will serve as the organization's headquarters. Brandon Medeiros of Time Equities represented the seller in the transaction. Jonathan Cohen of JTK Cohen and Co. represented the buyer.
FRISCO — Three firms have signed new leases at Hall Office Park, a 2 million-square-foot office development located in Frisco. Bolinger & Hogue has renewed its lease for 2,816 square feet at 2595 Dallas Parkway; Jordan, Houser & Flournoy has renewed its lease for 1,103 square feet at 2591 Dallas Parkway; and Maxim Management has signed a new lease at 2801 Network Blvd. Kim Butler, Tammy Nellis and Brad Gibson of Boyer Group represented the landlord, Hall Financial Group, in the lease transactions. Greg Whittington of Cresa Partners represented Bolinger & Hogue and Alexis Martinez of Stream Realty represented Maxim Management Group.
LOS ANGELES – USC has signed a 72-month lease for 19,115 square feet at the LA World Trade Center in Downtown Los Angeles. The building is located at 350 South Figueroa Street. USC plans to use the new space for Ednovate, a new charter high school that will open later this month. USC was represented by Howard Feuerstein, Dennis Smith and Cory Campbell of Travers Realty. The landlord, Jamison Services, was represented by Chris Runyen with Charles Dunn Company.
SAN RAMON, CALIF. – Bechtel Communications has leased 17,500 square feet of office space at Bishop Ranch in San Ramon. Its new space will be located at Bishop Ranch 6 at 2420 Camino Ramon. Bechtel was represented by CBRE’s Phil Damaschino.
BOLTON, MASS. — Paragon Holdings has acquired a 72-acre property in Bolton for $8 million. The company plans to consolidate its operations at Ashland and Southborough into one global headquarters. The Paragon companies, including Paragon Communications Inc., NTSDirect and Paragon R3, plan to occupy the new headquarters in January 2013. The campus includes a 301,647-square-foot building with a fitness center, cafeteria and basketball court. Paragon purchased the property, formerly the Future Electronics site, from RGM Holdings.
BURLINGTON, MASS. — Construction has started on a five-story, 120,000-square-foot office building at 78 Blanchard Road in Burlington. The building will be part of Blanchard Woods, a 200,000-square-foot office park developed by Duffy Properties. The park includes two existing buildings at 76 and 80 Blanchard Road, which total 80,000 square feet. Steve Murphy and Alex Plaisted of CBRE Group will manage the leasing for the property. 78 Blanchard Road is the first speculative office building under construction along Route 128 this year.
KING OF PRUSSIA, PA. — A fund comprised of Miller Investment Management and Hayden Real Estate Investments has purchased Walnut Hill Plaza, a 155,073-square-foot office building in King of Prussia. The fund, named MIM-Hayden Real Estate Funds, reportedly paid $11 million for the property, which is located at 150 South Warner Road. The companies plan to renovate the building's lobby, common area and restrooms. The MIM-Hayden fund has acquired 24 properties and is now 60 percent invested.