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NortheastOffice

TMG TO CONSOLIDATE IN 150,000-SQUARE-FOOT HEADQUARTERS

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JESSUP, PA. — TMG Health has signed a build-to-suit lease for a 150,000 square foot office building with the option to add an additional 60,000 square feet, at Valley View Business Park in Jessup. Represented by CBRE's Dan Dagit and Bill Wolf, TMG will consolidate two local offices, one in Scranton and the other in Dunmore, into the new building. After selecting the site, Lexington Realty Trust acquired 39 acres of the park from The Scranton-Lackawanna Industrial Building Co. and entered an agreement with Verus Partners, a Chicago-based developer, to develop TMG's building. The building is slated to deliver in the third quarter of 2012.

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NortheastOffice

INVESTMENT BANK TAKES 13,100 SQUARE FEET IN MANHATTAN

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NEW YORK CITY — HFP Capital Markets, a full-service investment bank, has signed a 15-year lease for 13,100 square feet of office space at 386 Park Ave. South in Manhattan. The company is relocating its corporate offices from 685 Fifth Ave. John Moran III, Hope Brodsky and Neil Goldmacher of Newmark Knight Frank represented HFP in the transaction. Jordan Berger of Monday Properties represented the ownership, Monday Properties and Savanna.

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OfficeWestern

USMEPCOM OCCUPIES 27,000-SF SD OFFICE

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SAN DIEGO — The U.S. Military Entrance Processing Command (USMEPCOM) has occupied a 27,634-square-foot office in San Diego. The U.S. General Services Administration signed a 10-year lease at the facility, which is located at 4181 Ruffing Road. Jones Lang LaSalle’s Kate Brennan, Jessica Kokish and Jeff Ingham represented the government in this transaction. The building’s owner, REIT Management, was represented by Melissa Chester.

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OfficeSoutheast

D.C. OFFICE, RETAIL BUILDING SELLS FOR $58.45M

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WASHINGTON, D.C. — A 175,127-square-foot office and retail building, located at 1400 Eye St. NW in Washington, D.C., has been sold for $58.45 million. Tenants of the property includE Campaign for Tobacco-Free Kids, The One Campaign, African Development Foundation, the District of Columbia Police Department and Stein McEwen. Transwestern represented New York City-based Joss Realty Partners, the seller, in the transaction. The buyer was Chevy Chase, Md.-based Zuckerman-Gravely Development.

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OfficeSoutheast

BANK OF AMERICA AT GROVE EAST SELLS FOR $5.35M

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PLANTATION, FLA. — The 32,688-square-foot Bank of America at Grove East, an office building located at 3800 Broward Blvd. in Plantation, has sold for $5.35 million. The building is fully leased to Bank of America and Chrysalis Health. Douglas Mandel of Marcus & Millichap's Ft. Lauderdale, Fla., office, along with Benjamin Silver of the firm's Miami office, represented the seller, a Coral Gables, Fla.-based private investor, in the transaction and procured the buyer, an Austin, Texas-based investment fund.

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OfficeTexas

NORTHMARQ ARRANGES $2.4 MILLION MORTGAGE FOR PARKWAY NORTH

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DALLAS — NorthMarq Capital has arranged $2.4 million in first mortgage financing for the 68,874-square-foot Parkway North, an office building located at 16800 N. Dallas Pkwy. in Dallas. Ronald Reese of NorthMarq's Dallas office arranged the 10-year loan with a 25-year amortization schedule through Government Personnel Mutual Life Insurance Co. on behalf of the borrower, RMB Parkway North.

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NortheastOffice

KEYSTONE BUYS 18-STORY OFFICE TOWER IN DELEWARE

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WILMINGTON, DEL. — Keystone Property Group has purchased Citizens Bank Center, an 18-story, 221,686-square-foot office tower, located at 919 North Market St. in Wilmington, for $22 million. Jonathan Carpenter and James Wellschlager of Cassidy Turley represented the seller, the Receivership Estate Over Specific Assets of B&R 919 LLC, in the transaction. The building is 80 percent leased.

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OfficeTexas

OFFICE BUILDINGS IN THE WOODLANDS RECEIVE $55 MILLION FINANCING

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THE WOODLANDS — The Woodlands Development Co. has secured a $55 million loan for two office buildings, the 216,000-square-foot 4 Waterway Square and the 95,078-square-foot 9303 New Trails, located in The Woodlands. Both properties are well-occupied — 4 Waterway Square is 98.8 percent leased and 9303 New Trails is fully leased. The Woodlands Development Co. arranged the 12-year loan through Prudential Mortgage Capital Co. on behalf of Dallas-based The Howard Hughes Corp. The loan will refinance a maturing construction loan at 9303 New Trails.

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NortheastOffice

TWO TENANTS LEASE 23,035 SQUARE FEET IN MASSACHUSETTS

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MARLBOROUGH, MASS. — KS Partners has signed Environmental Chemical Corp. to a lease renewal and expansion totaling 18,231 square feet and East Coast Cad/Cam to a 4,804-square-foot lease at 33 Boston Post Rd. in Marlborough. In both transactions, Garry Holmes, Craig Johnston and Jim Bartholomew of R.W. Holmes represented KS Partners, the landlord. Hank Amabile and John Coakly of Grubb & Ellis represented Environmental Chemical Corp. Phil Desimone of Jones Lang LaSalle represented East Coast Cad/Cam.

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