SECAUCUS, N.J. — ZT Group International has signed a 23,451-square-foot office lease at 333 Meadowlands Parkway in Secaucus. ZT Group provides server solutions for large-scale data centers. With the transaction, the 138,000-square-foot office building is now 90 percent leased. Frank Lopriore of Colliers International represented the tenant in the transaction. The owner, Bergman Real Estate Group, was represented in-house.
PLANO — Trammell Crow Co. and a subsidiary of One Liberty Properties has formed a joint venture to develop Legacy Towers, a proposed office property featuring two Class A office buildings totaling approximately 533,500 square feet, located at the southeast corner of the Dallas North Tollway and Legacy Drive in Legacy Business Park in Plano. Phase I is slated to be an approximately 341,000-square-foot, 13-story office building featuring a landscaped drive-up lobby and courtyard. Phase I will be designed to achieve LEED Gold certification. Phase II will be a 192,500-square-foot, 7-story office building. Construction of Phase I is slated to begin in 2013.
AUSTIN — The Weitzman Group has arranged the sale/leaseback of the 9,280-square-foot 3011 North Lamar Boulevard, a multi-tenant office building just north of The University of Texas' campus in Austin. Brad Bailey of The Weitzman Group's Austin office represented the buyer, a local family partnership, in the transaction.
NORTHFIELD, ILL. — Marcus & Millichap has arranged the $1.7 million sale of Northpointe II Office Center in Northfield. Built 1996, the office center is located off the Edens Expressway at 465 Central Rd. and is fully leased. Frank Roti of Marcus & Millichap's Chicago office represented the seller. Charlie Pick of National Realty Network represented the buyer.
NEW YORK CITY — Random House Inc. has signed a 361,044-square-foot lease renewal at 1745 Broadway in New York City, extending its occupancy at the property through mid-2023. The print and trade book publisher occupies floors 2-13 for its corporate headquarters. Richard Bernstein of Cassidy Turley represented Random House in the transaction. The landlord, SL Green, was represented in-house.
EDINBURG — Austin-based Cielo Realty Partners has purchased a 60,000-square-foot office building, located at 2800 W. Trenton in Edinburg. The building is currently more than 80 percent occupied, most of which is leased to publicly traded companies, in addition to one U.S. Representative. Other tenants include New York Life and Molina Health Care. Daniel Galvan of McAllen-based Coldwell Banker Commercial-La Mansion represented the seller in the transaction. The buyer was self-represented.
DALLAS — Fort Worth-based Crescent Property Services has arranged more than 45,000 square feet of office space leases at the 1.1 million-square-foot The Crescent, an office tower located in Dallas' Uptown submarket. Stephens Inc. has leased approximately 27,000 square feet, while Deutsche Bank Securities renewed its 19,577-square-foot lease. Crescent was self-represented by Tony Click in both lease transactions. Marion Brady, Matt Craft and Campbell Henry of Jones Lang LaSalle's Dallas office represented Deutsche Bank Securities.
WASHINGTON, D.C. — State Services Organization has signed a 237,848-square-foot lease at the 550,000-square-foot Hall of the States Building, located at 400-444 N. Capitol St. NW in Washington, D.C. Mindy Saffer, Richard Lane, Eric West and Richard Siegel of Washington, D.C.-based West, Lane & Schlager Realty Advisors represented the tenant in the 15-year lease transaction. Mebar Realty Holding Trust owns the building.
FARMERS BRANCH — Northbrook, Ill.-based The Boulder Group has arranged the sale of a 40,000-square-foot single-tenant office building leased to Time Warner Cable, located at 14079 Senlac Dr. in Farmers Branch, for $4.82 million. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Midwest-based partnership, in the transaction. The buyer was a high net worth individual. Time Warner Cable has 7 years remaining on its lease.
CORAL GABLES, FLA. — The 18,552-square-foot 1000 Ponce, an office building located at 1000 Ponce de Leon Blvd. in Coral Gables, has sold for $5.15 million. The three-story building is fully leased. Douglas Mandel of Marcus & Millichap's Fort Lauderdale, Fla., office, along with Benjamin Silver of the firm's Miami office, represented the seller, a Miami-based developer, in the transaction.