NEW YORK CITY — International fashion brand Tony Burch has signed a 10-year lease for 80,000 square feet of office space at 350 Hudson St. in Hudson Square. The women's wear and accessory designer will occupy the 5th and 6th floors of the building. The nine-story building is also home to Havas and PR Newswire. Asking rents in the building are in the mid-$50s per square foot. Don Preate and Jaime Katcher of Cushman & Wakefield represented Tony Burch in the transaction. The landlord, Trinity Real Estate, was represented in-house by Marc Packman and Charles Laginestra.
ROCKY HILL, CONN. — Civil engineering firm United International Corp. has signed a lease for 6,713 square feet of office space at 55 Capital Blvd. in Rocky Hill. The company is slated to move in June 1. Michael Puzzo of CBRE represented New Boston in the transaction. Chris McLaughlin of McLaughlin Real Estate represented the tenant.
NEW YORK CITY — A joint venture between Stellar Management and Imperium Capital has purchased two SoHo office buildings located at 161 Avenue of the Americas and 233 Spring St. The buildings total 650,000 square feet and industry sources have cited a purchase price of $200 million. There were no brokers involved in the transaction. The properties are located within the Hudson Square Business Improvement District, a lower Manhattan neighborhood bounded by West Houston Street on the north, Canal Street on the south, 6th Avenue on the east and the Hudson River on the west. Hudson Square is home to several design and media companies.
NEW YORK CITY — Cohen Partners has signed a 10-year lease for 3,858 square feet of office space at 104 W. 40th St. in New York City. Cohen Partners is an independent insurance brokerage. Mike Movshovich, Neil King and Paul Amrich of CBRE represented the landlord, an affiliate of Savanna, in the transaction. Robin Fisher and Taylor Scheinman of Newmark & Co. Real Estate represented the tenant.
BOSTON — Meritage Properties and Ivy Realty have acquired 711 Atlantic Ave. in downtown Boston for a reported $26 million. The six-story, 85,551-square-foot office building was constructed in the late 1800s and underwent a full renovation in 2003. More recent updates include the replacement of most of the building's windows and lobby upgrades. Meritage and Ivy will co-manage the investment. CBRE — N.E. Partners LP represented the seller and procured the buyer in the transaction.
DALLAS — NorthMarq Capital has secured $3 million in first mortgage refinancing for the 301,378-square-foot One Graystone Center, an office building located at 3010 LBJ Freeway in Dallas. Paul Brighton of NorthMarq's Dallas office arranged the loan through a bridge lender.
HILLSBORO, ORE. — Bank of America Northwest Lending Center, a 57,000-square-foot office building in Hillsboro, has sold to Watumull Properties Corp. for $5.2 million. The building is located at 21000 Northwest Evergreen Parkway. It was built in 1985 and gained an addition in 1993. The property is fully occupied by Bank of America. Keith Young and Cliff Finnell of Kidder Mathews represented both the buyer and the seller, Oregon Pacific Investment & Development Company, in this transaction.
VIRGINIA BEACH, VA. — Olympia Development Corp. plans to invest $2.92 million in capital improvements at a 126,000-square-foot office building, located at 5701 Cleveland St. in Virginia Beach. Additionally, AMSEC has signed a 10-year, 63,000-square-foot lease to occupy half of the building for its corporate headquarters.
NAPLES, FLA. — The 12,500-square-foot former Gates McVey office building, located at 12810 Tamiami Trail N. in Naples, has sold for $2.02 million. Dave Wallace of CRE Consultants represented the buyer, Ferrari Partners LP., in the transaction. The seller was Fifth Third Bank.
PITTSBURGH — Cushman & Wakefield and Grant Street Associates have released plans for a 90,000-square-foot office building on the final lot at McCandless Corporate Center, a 322,000-square-foot office complex in Pittsburgh. Complex owner Zell Two Inc. is seeking to add a fifth building due to the rising demand for space at the center. Occupancy at McCandless Corporate Center has risen from 70 percent in 2009 to 99 percent at the end of the first quarter of this year. Construction of the building will follow the lease commitment of an anchor tenant and is slated to take approximately 18 months to complete.