Office

MOBILE APP COMPANY EXPANDS NEW JERSEY HEADQUARTERS

by admin March 15, 2012

NEWPORT, N.J. — Antenna Software has expanded its headquarters at 111 Town Square Place in Newport. The company creates and manages mobile applications and websites. Antenna Software signed a 10-year lease for 22,000 square feet, which more than doubles its current space. The transaction also included a two-and-a-half year extension of the company's existing lease. Peter Hamburger, Harlan Hollander and Walter Shoenberg of Cushman & Wakefield's East Rutherford office represented the tenant in the transaction. Newport Center I Ltd. Partners, the building owner, was represented in-house by Thomas Traugott.

March 15, 2012

PENN AVENUE PLACE FETCHES $54M IN PITTSBURGH

by admin March 15, 2012

PITTSBURGH — Healthcare Trust of America Inc., a REIT, recently purchased Penn Avenue Place, an office building in Pittsburgh's central business district, for $54 million. Built in 1907, the 558,000-square-foot building was renovated in 1997 and is 99 percent leased. The property is located at 501 Penn Ave. Mark Popovich led the HFF team that represented the seller, an affiliate of Oxford Development Co., in the transaction.

March 15, 2012

Office Southeast

NAI ISAAC ARRANGES TWO MOB SALES FOR $2.67M

by admin March 14, 2012

LEXINGTON, KY. — Lexington-based NAI Isaac has negotiated the $2.67 million sale of two medical office buildings, located at 1713 and 1721 Nicholasville Rd. in Lexington, totaling 11,110 square feet. Al Isaac of NAI Isaac represented the sellers, EW Nicholasville and 1713 Nicholasville, LLC, in the transaction. The buyer was an undisclosed investor.

March 14, 2012

Northeast Office

INVESTMENT TECHNOLOGY SIGNS NEW LEASE AT ONE LIBERTY PLAZA IN NYC

by admin March 14, 2012

NEW YORK CITY — Investment Technology Group (ITG) has signed a new lease for 132,000 square feet at One Liberty Plaza in New York City. ITG is an independent research broker for global portfolio managers and traders. Under the 15-year lease agreement, ITG will occupy three floors of the property. The building is now 98 percent leased. Neil Goldmacher, Brian Goldman, Josh Friedman, John Hennessey and Merrill Roth of Newmark Knight Frank represented ITG in the transaction. Brookfield Office Properties, the landlord, was represented in-house by Duncan McCuaig and Sarah Pontius.

March 14, 2012

Office Texas

GREENSPOINT OFFICE BUILDINGS SELL

by admin March 14, 2012

HOUSTON — California Credit Union has acquired 507, 519 and 523 N. Sam Houston Parkway E. buildings, located in the Sam Houston Plaza Business Park near the intersection of Interstate 45 and Sam Houston Parkway in Houston's Greenspoint submarket. The properties comprise 235,794 square feet of office space. Houston-based Moody Rambin Interests has been retained for property leasing and management services. Ann Woody will oversee the property management of the property and Terri Torregrossa will handle the property's leasing.

March 14, 2012

Office Texas

PLANO DATA SIGNS 116,376 SF LEASE EXPANSION

by admin March 14, 2012

PLANO — Plano Data has expanded its lease by 16,386 square feet for a total 116,376 square feet of office space at Plano Business Park, a 283,559-square-foot office complex located at the intersection of Shiloh Road and Plano Parkway in Plano. Other tenants in the complex include ND SatCom and Enterprise Mobile. George Tanghongs and Brett Lewis of Lee & Associates' Dallas office represented the tenant in the lease transaction. Alan Clark and Paul Tichacek of JSC Realty Services' Dallas office represented the landlord, KBS REIT II.

March 14, 2012

Office Southeast

PARMENTER BUYS LENOX BUILDING FOR $59.3M

by admin March 13, 2012

ATLANTA — Parmenter Realty Partners has acquired the 350,000-square-foot Lenox Building, located at 3399 Peachtree Rd. NE in Atlanta, from Clarion Partners for $59.3 million, according to CoStar. The 19-story building includes a fitness center, structured parking, cafe and direct access to the MARTA Lenox station. John Davidson, Michael Holmes and Reginald Mackey of Cushman & Wakefield's Atlanta office represented the seller in the transaction. Cushman & Wakefield Sonnenblick Goldman arranged acquisition financing through GE Capital Real Estate.

March 13, 2012

Office Southeast

EBON FALCON ACQUIRES TENN. OFFICE FOR $8.7M

by admin March 13, 2012

NASHVILLE, TENN. — Ebon Falcon, an entity controlled by Dr. David Black, president of Aegis Sciences Corp., has purchased the 109,000-square-foot First Image building, located at 501 Great Circle Rd. in Nashville, for $8.7 million. Tenants include St. Thomas Health Services and Brown and Caldwell. Todd Alexander of Nashville-based Southeast Venture represented the seller, Embassy Square, in the transaction. Charley Hankla of Cassidy Turley's Brentwood, Tenn., office represented the buyer.

March 13, 2012

Midwest Office

NORTHMARQ ARRANGES $4.8M FOR TERRACE HILL APARTMENTS

by admin March 13, 2012

ANOKA, MINN. — Brian Hennen of NorthMarq Capital's Minneapolis office arranged $4.8 million for the refinancing of Terrace Hill Apartments in Anoka. The 63-unit property is located at 14320 Dysprosium St. NW. AmeriSphere Mortgage Finance provided the 35-year loan, which has a 35-year amortization schedule.

March 13, 2012

Northeast Office

PHARMACEUTICAL HEADQUARTERS SELLS FOR $53M

by admin March 13, 2012

PARSIPPANY, N.J. — Cole Real Estate Investments has acquired a 176,000-square-foot office property in Parsippany for $53 million. The building is located at 8 Sylvan Parkway and serves as the global headquarters for the Medicines Cos. The pharmaceutical firm has 12 years remaining on its lease. Cole was represented in-house by Robert Corry. Kevin Welsh of CBRE's Saddle Brook, N.J. office represented the seller, The Hampshire Cos.

March 13, 2012

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