BILLERICA, MASS. — Maine-based The RAM Cos. has purchased 900 Middlesex Turnpike Building 4 in Billerica. The 94,174-square-foot facility is leased to Lasermax Roll Systems, a manufacturer of processing equipment for the digital printing industry. The property is situated within the Middlesex Technology Park.
LOS ANGELES — Kilroy Realty Corporation (KRC) has purchased Columbia Square, a historic Hollywood media campus, and Tribeca West, a West Los Angeles entertainment-oriented office property, for a total of $138 million. Columbia Square sold for $65 million, while the acquisition of Tribeca West is expected to close early in the fourth quarter for $73 million. Tribeca West is a 151,000-square-foot, three-story office campus that is currently 96 percent leased. The Columbia Square acquisition included a 96,000-square-foot campus that contained three historic office buildings. It was the former home of the CBS network’s Los Angeles radio and television operations. The 4.7-acre site is fully entitled for an office, retail and multifamily mixed-use project under a 15-year development agreement. KRC is planning a multi-phase redevelopment and development that would upgrade its existing office buildings and add 550,000 square feet of office, retail and residential space to the campus. The $300-million project is scheduled to begin in mid-2013. Phase I is expected to be complete in 2015.
KEARNY MESA, CALIF. – CP Kelco has signed a five-year lease renewal for a 27,605-square-foot office and R&D building in Kearny Mesa. The lease renewal is valued at $2.2 million. The space is located at 8225 Aero Drive. CP Kelco, which has occupied the building for 10 years, uses the space for manufacturing, customer service, sales and technical support. The space is owned by Westcore Properties. Neither party retained broker representation.
NEW YORK CITY — Beck Street Capital has sold 100 Vadam St., a 40,435-square-foot office building between Greenwich and Hudson streets in New York City for $27.5 million. Built in 1913 as an electrical substation, the building was converted into a printing press before undergoing a major interior renovation in 1990. The building features a contemporary lobby, ornate barrel vaulted ceilings, exposed beams and arched windows. James Nelson and Robert Burton of Massey Knakal represented the seller in the transaction.
SAN ANTONIO — Nationwide Insurance has opened a 280,000-square-foot office campus, located near the intersection of Hyatt Resort Drive and State Road 151 in San Antonio. The office property is LEED certified and achieved the Institute for Business & Home Safety's FORTIFIED status, meaning it exceeds code to withstand natural disasters such as hurricanes, wildfires and windstorms. The office complex also features a high-tech cafe, onsite health services, landscaped courtyards, an outdoor sports court and a fitness center. The property will house nearly 1,500 Nationwide employees with the capacity to house 2,000 total employees.
YORBA LINDA, CALIF. – A 34,972-square-foot, multi-use building in Yorba Linda has sold to BSKO, LLC for $3.8 million. The property is located at 22895 Eastpark Drive within the master-planned community of Savi Ranch. The space will serve as BSKO’s new headquarters. The company was represented by Seth Davenport of Voit Real Estate Services. The seller, Eastpark Drive LLC, was represented by Zach Niles, Garrett McClelland and Steve Wagner of Jones Lang LaSalle Orange County.
CENTENNIAL, COLO. – Centennial Office Plaza, a 63,380-square-foot, multi-tenant office building, has received $2 million in financing. The property is located at 12150-12200 E. Briarwood Ave. in Centennial. The funding was arranged by Steve Koeneke and Brock Yaffe of NorthMarq’s Denver regional office.
ISELIN, N.J. — Hatch Mott MacDonald, a consulting engineering firm, has signed a lease for 81,371 square feet of office space at MetroTop Plaza II, located at 111 Wood Ave. South in Iselin. The company plans to use the space for its corporate headquarters and is relocating from Millburn, N.J. The company is expected to occupy the space in early 2013. James Schroeder and Joe Messina of Studley represented the tenant in the transaction. Cushman & Wakefield represented the landlord, Atlantic Realty Development Corp.
DALLAS — Stream Realty Partners has moved its headquarters to 40,000 square feet of office space at the 50-story Trammell Crow Center, located in Dallas' Art District and adjacent to the new Woodall Rodgers Deck Park. BOKA Powell helped design the new headquarters that will feature an open-office concept. Sarah Erickson, Ramsey March and Tommy Nelson led Stream's leasing transaction.
YORBA LINDA, CALIF. – A 34,972-square-foot, multi-use building in Yorba Linda has sold to BSKO, LLC for $3.8 million. The property is located at 22895 Eastpark Drive within the master-planned community of Savi Ranch. The space will serve as BSKO’s new headquarters. The company was represented by Seth Davenport of Voit Real Estate Services. The seller, Eastpark Drive LLC, was represented by Zach Niles, Garrett McClelland and Steve Wagner of Jones Lang LaSalle Orange County.
