Office

RENOVATIONS BEGIN AT FLATIRON DISTRICT OFFICE BUILDING

by admin February 21, 2012

NEW YORK CITY — Two Trees Management Co. has begun the first phase of a multimillion dollar renovation at 50 W. 23rd St. in Manhattan. The company purchased the 13-story office property for $130 million two years ago. Two Trees plans to modernize the lobby of the 106-year-old building by adding new lighting and re-cladding the walls and floor with a white fiberglass-reinforced concrete. Designed by Leeser Architecture, the restoration will also update the building's entrances, elevator cabs and facades. Tenants at the building include Yodle, an advertising company, and Stantec Consulting, an engineering firm. Completion of the interior is slated for this June, and exterior renovations are expected to be complete this November.

February 21, 2012

BIOMARIN LEASES 120,388SF AT SAN RAFAEL CORP CENTER

by admin February 21, 2012

SAN RAFAEL, CALIF. — BioMarin Pharmaceuticals has leased 120,338 square feet at the San Rafael Corporate Center. The company will utilize an entire 83,315-square-foot building located at 770 Lindaro Street, in addition to 37,023 square feet on the second and fourth floors of 790 Lindaro Street. BioMarin plans to occupy this space in the spring. The firm was represented by Mark Maguire, Phil Arnautou and Luke Wilson of Colliers International. Trevor Buck and Steve Leonard of Cassidy Turley represented the landlord, Seagate Properties, in this transaction.

February 21, 2012

Office Southeast

TWO FLA. OFFICE BUILDINGS SELL FOR $1.42M

by admin February 20, 2012

FORT MYERS, FLA. — Two office buildings totaling 18,944 square feet, located at 9351 Corkscrew Rd. and 21105 Design Park Ln. in Fort Myers, have been sold for $1.42 million. Stan Stouder of CRE Consultant's Fort Myers office represented Bank of America, the seller, in the transaction. Stephanie Miller and Bob Muller of Estero, Fla.-based Select Real Estate represented the buyer, First CZ Real Estate.

February 20, 2012

Northeast Office

NDP PLANS TO RENOVATE HEADQUARTERS

by admin February 20, 2012

PORT WASHINGTON, N.Y. — The Nassau Industrial Development Agency has approved an economic development compact that will allow The NPD Group to undertake an $8 million renovation of its Port Washington headquarters. The 117,000-square-foot headquarters is located at 900 W. Shore Rd. NPD plans to expand the company's information technology center and develop a new entrance. The project is expected to be complete by September 2013.

February 20, 2012

Office Texas

KDC, ESTEIN TO BUILD 400,000 SF OFFICE TOWER

by admin February 20, 2012

DALLAS — Dallas-based KDC and Orlando, Fla.-based Estein & Associates USA have plans to develop a 400,000-square-foot, Class A office tower, located at the 75-acre Victory Park, a mixed-use center, in downtown Dallas. The 23-story property will feature eight floors of office space, 15 stories of parking, an upscale restaurant, a delicatessen and a fitness center. BOKA Powell will provide architectural services and design the property to achieve LEED certification. The office tower is slated for a late 2014 completion.

February 20, 2012

Office Texas

HIGHLAND RESOURCES ACQUIRES 510 BERING

by admin February 20, 2012

HOUSTON — Houston-based Highland Resources, Inc., has purchased the 100,875-square-foot 510 Bering, a six-story office tower located in Houston's San Felipe/Voss submarket. Highland was self-represented by Welden Johnston in the off-market transaction. David Schwarz and Tip Strickland of Grandbridge Real Estate Capital's Houston office represented the seller.

February 20, 2012

Office Texas

COPART TO MOVE TO FARMERS BRANCH

by admin February 20, 2012

FARMERS BRANCH — Copart has plans to move its corporate headquarters from California to 53,126 square feet of office space in Centura Tower One, an office building located on the corner of Spring Valley and Dallas North Tollway in Farmers Branch. Dallas-based Minerva Real Estate represented the tenant in the lease transaction.

February 20, 2012

Office Southeast

GIRL SCOUTS BUY OFFICE SPACE FOR $2M

by admin February 16, 2012

TAMPA, FLA. — Girl Scouts of West Center Florida has purchased 24,000 square feet of office space, located at 4610 Eisenhower Blvd. in Tampa, from Spencer Farms Inc. for $2 million. Two floors were included in the transaction. A custom build-out will take place on the first floor for a resource center with volunteer materials and a retail store. Carol Warren and Jim Parker of Colliers International's Tampa Bay office represented the buyer in the transaction. Mercedes Angell of Cushman & Wakefield's Tampa office represented the seller.

February 16, 2012

Northeast Office

LINCOLN NATIONAL LIFE INKS LEASE AT MELVILLE CORPORATE CENTER

by admin February 15, 2012

MELVILLE, N.Y. — Lincoln National Life Insurance Co., a division of Fort Wayne, Ind.-based Lincoln Financial Group, has leased 11,000 square feet of office space at the Melville Corporate Center I in Melville. Neal Marchesano of Corporate National Realty represented Lincoln in the deal. The landlord, T. Weiss Realty, was represented in-house by Craig Weiss.

February 15, 2012

Office Texas

HFF ARRANGES SALE OF 2200 WEST LOOP SOUTH

by admin February 14, 2012

HOUSTON — HFF has brokered the sale of the 201,720-square-foot 2200 West Loop South, a Class A office building located in Houston. The property is 87 percent leased to tenants including Morgan Stanley and Tenaris. Dan Miller and Marty Hogan of HFF's Houston office represented the seller, KBS Real Estate Investment Trust, in the transaction. The buyer was Miami-based Parmenter Realty Partners.

February 14, 2012

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