NEW YORK CITY — Marcus & Millichap Real Estate Investment Services has arranged the $2.3 million sale of 580-586 E. 22nd St., a 20-unit apartment building in Brooklyn. Shaun Riney and Derek Bestreich of the Brooklyn office of Marcus & Millichap represented the seller, a limited liability company. They also secured the buyer, a private investor.
LYNDHURST, N.J. —Aeropostale has moved to 125 Chubb Way in Lyndhurst, having signed a 68,949-square-foot lease at the property. The teen apparel retailer relocated its regional operations from Wayne, N.J. Aeropostale joins other blue-chip tenants such as Barnes & Noble and Knowledgepoint360 Group. Remy deVarenne, Sarah Jones, Amanda Bokmon and Richard Carson of CBRE represented Aeropostale in the deal. John Barnes and Clark Briffel of SL Green Realty Corp., along with Greg Barkan of CBRE, represented the building owner.
SAN ANTONIO — The 170,000-square-foot KCI Tower, an office tower located at 8023 Vantage Dr. in San Antonio, has been sold. Todd Gold of NAI REOC San Antonio represented the buyer, Callaghan Tower Ltd., in the transaction. The seller was Greenville, S.C.-based TIC Properties.
BRIDGEWATER, N.J. — Synchronoss Technologies has relocated its corporate headquarters to Bridgewater Office Park, located at 200 Crossing Blvd. in Bridgewater. The technology company will occupy 80,000 square feet on the seventh and eighth floors of the building. Allan Greene of UGL Services' Iselin, N.J. office and Tadd Wisinski of the firm's New York office represented the tenant in the transaction. William McCaffrey and Jeffrey Heller of CBRE's Florham Park, N.J. office represented the landlord, Wells Real Estate Funds.
PLANO — Newport Beach, Calif.-based KBS REIT III has purchased the 522,043-square-foot Town Center Office Park, a three-building office complex located at the intersection of Legacy Drive and the Dallas North Tollway in Plano. The complex is part of the 2,665-acre Legacy Town Center, a master-planned community. The office complex is 87.5 percent leased to 51 tenants. KBS was self-represented by Bill Rogalla in the transaction.
IRVINE, CALIF. — A 34,006-square-foot, bank-owned office building in the MacArthur Center in Irvine has sold to Radha Soami Society Beas America for $4.5 million. The building was originally constructed as a medical condo project, though the society plans to use it as a non-denominational church for a religious organization. The society was represented by Mike Dorsey of Voit’s Irvine office. The seller, Redus CA Properties, was represented by Jeff Chiate, Rick Ellison and John Gallivan of Cushman & Wakefield.
PHOENIX — A 42,000-square-foot office building in Phoenix has sold to McCarthy/MRL Properties Arizona, LLC for $4,125,000. The building is located at 6225 N. 24th Street. The building is part of a larger office complex that contains 82,000 square feet. Its owners include DLR Group and Baird, Williams & Greer. McCarthy plans to occupy a portion of the building, which will bring it to full capacity. The company was represented by Mark Seale of Cassidy Turley BRE Commercial. The sellers, Univest 6225, LLC (John Maus, Ray Lamb, Jack Ross and David Beckham), were represented by Eric Wichterman, Blake Hastings, Jeff Wentworth and Mike Coover, also of Cassidy Turley.
MIRAMAR, FLA. — Riviera Point Holdings has broken ground on the $17 million, 70,000-square-foot Professional Center at Riviera Point, a two-building office complex located on University Drive in Miramar. The first building is funded by $7.5 million from investors from Venezuela, Argentina and Spain through the EB-5 program. Boca Raton, Fla.-based Corrales Architectural Group designed the property and Cushman & Wakefield has been retained as the leasing agent. The first building is slated for completion in February 2013.
ROCHESTER, N.Y. — Pike Co. has broken ground on a 109,000-square-foot office building in Rochester. Arkansas-based network communications provider Windstream will fill the first two floors of the three-story building when the facility opens next summer. The company signed a 15-year lease for 66,667 square feet. More than $122 million in public funds have gone into the demolition and continued prep of the 9-acre site. Pike is investing $19 million to redevelop the building. An underground service tunnel, garage, above-ground street grid and sidewalk are also planned for the site.
WASHINGTON, D.C. — The 522,000-square-foot Terrell Place, located at 575 7th St. NW, has achieved LEED Platinum certification for Existing Buildings: Operations & Maintenance. Beacon Capital Partners and General Electric Pension Trust own the property, which is the first trophy office building to receive this designation. Cassidy Turley's Sustainability Services team handled the project management.