ALLEN — PFSweb will relocate its corporate headquarters to 95,877 square feet of office space, located in the Allen Millennium Park facility at 505 Millennium Dr. in Allen. Renovations to the space, which has been vacant for more than 8 years, will be designed by Corgan Associates and constructed by MAPP Construction. Grant Sumner and John Dickerson of Peloton Commercial Real Estate's Dallas office represented the landlord, Capital Commercial Investment, in the lease transaction. Rick Hughes and Dan Cook of Cushman & Wakefield of Texas' Dallas office represented the tenant.
CARY, N.C. — Edinburgh Cary Office has purchased a four-propery office portfolio totaling 115,027 square feet in Cary for $7 million. The properties include 113, 117, 125 and 130 Edinburgh South Drive. Jim McMillan and Curteis Calhoun of Grubb & Ellis/Thomas Linderman Graham's Raleigh, N.C., office represented the seller, Edinburgh Investments, in the transaction.
MILWAUKEE — A Chicago-based investment fund has purchased a 51,368-square-foot office building in Milwaukee for $14.1 million. The property is leased on a long-term basis to the U.S. General Services Administration and is occupied by the Drug Enforcement Administration. Isaac Metzger of Syndicated Equities represented the seller, a private real estate developer in the transaction. He also represented the buyer.
SCHAUMBURG, ILL. — Leopardo has completed a build-out of Thermos' new corporate headquarters in Schaumburg. Thermos, a beverage container manufacturer, is relocating from Rolling Meadows to its new, 25,000-square-foot office at 475 N. Martingale Rd. The building includes conference rooms, executive offices, a research and development lab and a photography studio. Hoffman Estates, Ill.-based Leopardo served as general contractor, with Torchia Associates as the architect. Ken Soltis Associates served as project manager.
NEW YORK CITY — NorthEnd Equities, a New York City-based investment company, has acquired a leasehold on a 65,000-square-foot building at 16 W. 36th St., between Fifth and Sixth avenues. NorthEnd made the leasehold deal for $8.2 million. About 30 years remain on the leasehold. Eric Meyer of Colliers International represented the seller, Beach Plaza Associates, in the deal. David Berger of Rosewood Realty Group represented the buyer.
CAMBRIDGE, MASS. — Vecna Technologies has purchased 54 Cambridgepark Dr. in Cambridge for $6.2 million. The 26,603-square-foot building was occupied by Pfizer Inc. for the past 10 years. Vecna, a technology company, owns a location nearby and will use the facility to expand its operations. Occupancy is slated for this spring. Jack Kerrigan and Steve Cook of Avison Young represented the seller, Samuels Property Group, in the transaction.
THE WOODLANDS — The Howard Hughes Corp. has partnered with Huntsman Corp. to complete a feasibility study for expanding the Huntsman facility, located in the Research Forest area of The Woodlands. The plans show an increase in the research and development capacity as well as a new five-story, 236,000-square-foot office building with an attached 900-space parking garage. The companies are exploring the opportunity to construct three new Class A office buildings and an adjacent parking garage.
HUNTINGTON BEACH, CALIF. – A 7,098-square-foot office building in Huntington Beach has sold to an unnamed buyer for $2,485,000. It is located at 9131 Adams Ave. The buyer was represented by Allen Basso of Lee & Associates. The seller was represented by David Romero of Lee & Associates and Bryan Lysne of Lee ISG in this transaction.
NEWARK, CALIF. – Four new stores are opening at the Newpark Mall in Newark. Three Kings barbershop has leased 1,550 square feet; The Humidor cigar shop has leased 1,297; Focus women’s shoe store has leased 2,349 square feet; and Sprouts children’s shoe store has leased 1,880 square feet.
SPRING — The Woodlands-based The J. Beard Real Estate Company has brokered the sale of Phase II and III of the 40,372-square-foot Spring Hill Executive Office Suites, located at 500 and 504 Spring Hill Dr. in Spring. The property is fully leased. Josh Feinberg of J. Beard represented the buyers, The Woodlands-based Mercan and a private family partnership, in the transaction. Jeff Beard of J. Beard represented the seller.