WASHINGTON, D.C. — The 236,054-square-foot 801 9th Street NW, located in Washington, D.C., has sold for $147.5 million. The eight-story property is fully leased on a triple-net basis to the United States Mint through September 2019. Stephen Conley, Jim Meisel, Dek Potts and Andrew Weir of HFF's Washington, D.C., office represented Wereldhave USA, the seller, in the transaction. J Street Cos. represented the buyer, NSP Ventures.
EDISON, N. J. — Angelo, Gordon & Co. has acquired a 99,000-square-foot office building on behalf of the $560 million AG Net Lease Realty Fund II. It is one of a series of net-lease investment funds managed by the firm. The Edison property sold for $16.5 million. Fully occupied by Revlon and utilized as the consumer product giant's main research and development center, the building is part of the Edison Towne Corporate Center. Andrew Merin, David Bernhaut, Gary Gabriel and Jared Zimmer of Cushman & Wakefield represented the seller, The Morris Cos., in the transaction.
DALLAS — Emirates has signed a new lease agreement for 3,000 square feet of office space in the 105,550-square-foot Rolex Building, located at 2651 N. Harwood St. in Dallas' Uptown/Turtle Creek submarket. The Rolex Building is owned by Harwood International and includes tenants such as Rolex Watch, Swiss Consulate, Prudential Insurance, Forest Perkins, MML Management, Energy Capital and Harwood International Holdings.
BUFFALO GROVE, ILL. — Barrett Moving & Storage has signed a new 57,000-square-foot lease to move its Chicago-area headquarters to a more centralized location in Buffalo Grove. The company is moving from its current nearby location at 3831 Hawthorn Court in Waukegan to 201 Hastings Dr. Robin Stolberg and Kurt Sarbaugh of the Chicago office of Jones Lang LaSalle represented the tenant in the transaction. Hamilton Partners, which owns the building, acted as the leasing agent.
CHESTERFIELD, MO. — Banyan Ventures has sold 14897 Clayton Rd. in Chesterfield, a 12,880-square-foot office building, for $1 million. The new owners, Andreas Loakimides, Jayson Hardie & Gregory Aftayev, plan to remodel the common areas, exterior landscaping and resurface the parking lot. Tim Balk of Solon Gershman represented the seller in the transaction. John Pennington of Savoy Properties represented the buyers.
ISLANDIA, N.Y. — Damianos Realty Group, one of the largest property owners in Long Island, has purchased a 40,000-square-foot office building in Islandia, for $3.8 million. Located at 3001 Expressway Dr. North, the Class B building is 50 percent occupied by medical tenants, including HealthSource and Stony Brook University Hospital. The new owner plans to redesign and upgrade the facility. The seller was Spencer Savings Bank of Elmwood Park, N.J. No brokers were involved in the all-cash deal.
NEW YORK CITY — The New York State Council of the Arts, which supports the activities of arts and cultural organizations throughout the state, will move its headquarters to 300 Park Ave. South from its current office at 175 Varick St. The council signed a 10-year lease for 13,487 square feet in the building, which includes tenants such as the Whitney Museum of American Art and Wilhelmina Models. Rockrose Development Corp. is the building owner and was represented in-house by Craig Deitelzweig. The council is expected to occupy the space by the second quarter of this year.
DALLAS — Mathis Donheiser & Jeter, a Dallas-based law firm, has leased the entire 26th floor — approximately 7,236 square feet — of the Adolphus Tower, located at 1412 Main St. in Dallas. The new office features hardwood finishes, custom cabinetry, a conference room and a kitchenette. The law firm will move into its new office once construction is complete, tentatively set for early this month. Carla Machulis of Henry S. Miller's Dallas office represented the landlord in the lease transaction. Craig Wilson and Dan Harris of Cassidy Turley's Dallas office represented the tenant.
SALEM, ORE. — Capitol City Business Center in Salem has sold to an institutional owner for nearly $31 million. The 233,358-square-foot office building is located at 4600 25th Ave. NE. Buzz Ellis, Michel Seifer, Paige Morgan and Aaron Herter of Jones Lang LaSalle’s Capital Markets team represented Angelo Gordon and Meriwether Partners on this transaction.
WESTON, FLA. — Coral Gables, Fla.-based Flagler Real Estate Services (FRES) has arranged the $16.1 million sale of a portfolio of two office buildings, located at 2000 and 2002 Ultimate Way in Weston. The properties, which total 61,624 square feet, are the corporate headquarters for Ultimate Software. David Duckworth of Coral Gables, Fla.-based FRES represented the sellers, TP Eight & TP Nine, in the transaction. The buyers were Sterling Investments I and Sterling Investments II.
