MILWAUKEE — Inland Construction was selected to renovate the lobby of the 60,000-square-foot Blatz Wash House office building, located at 1101 N. Market St. in Milwaukee. Inland will also covert the lower level space into underground parking. The projects total 19,760 square feet and are slated for completion in January 2012.
BEVERLY, MASS. — Woburn, Mass.-based Cummings Properties has purchased a 103,000-square-foot office building in Beverly for $2.3 million. The four-story building was built in the 1980s as the headquarters for Parker Brothers Co. Peter Richardson of Jones Lang LaSalle represented the seller, Wight & Co., in the transaction. Cummings Properties was self-represented.
DALLAS — Plano-based Priority Fulfillment Services has leased 78,060 square feet of office space at Renaissance Tower, located at 1201 Elm St. in downtown Dallas, from Binyan Realty. Dennis Barnes, Celeste Fowden and Clay Gilbert of CBRE's Dallas office represented the landlord in the lease transaction. Rick Hughes of Cushman & Wakefield's Dallas office represented the tenant.
WASHINGTON, D.C. — A joint venture between New York City-based The Rockefeller Group and New York City-based Mitsubishi Estate New York has acquired a 347,608-square-foot office building, located at 1100 First St. NE in Washington, D.C., from Eastdil Secured. According to CoStar, the sale price was $180 million. The 12-story building is LEED Gold certified, and is 95 percent leased to tenants including the Department of Veterans Affairs, the Federal Energy Regulatory Commission and Mathematica Policy Research. Both parties were self-represented in the transaction.
WOODLAWN, MD. — The 363,674-square-foot Rutherford Business Park, a 13-building office portfolio located in Woodlawn, has been sold for $32.5 million. The buildings include 7102, 7104, 7106, 7108, 7125, 7127, 7129, 7131 and 7210 Ambassador Rd.; 15, 17 and 21 Governor's Ct.; and 7152 Windsor Blvd. Jonathan Carpenter and James Wellschlager of Cassidy Turley's Baltimore office represented the seller, Columbia, Md.-based Corporate Office Properties Trust, in the transaction. The buyer, a joint venture between Chicago-based Blue Vista Capital Partners and Maryland-based CSG Partners, was self-represented.
JERSEY CITY, N.J. — Manulife Real Estate, the global real estate arm of Canada-based Manulife Financial Corp., has purchased 10 Exchange Place, a 30-story office tower in Jersey City. The property sold for a reported $285 million. The fully leased property has a tenant roster that includes ACE Insurance, Goldman Sachs and Amazon.com. Andrew Merin, David Bernhaut, Gary Gabriel, Kyle Schmidt and Brian Whitmer represented the seller, a client of Invesco, in the deal.
ROSELAND, N.J. — 56 at Roseland, a 433,945-square-foot office building at 56 Livingston Ave. in Roseland, has sold for $18.1 million. The property was acquired by a partnership between Mountain Development Corp. and Square Mile Capital Management. The vacant building includes more than $50 million of recent infrastructure investment by the previous owner, Merck & Co. Inc. The new owners retained Jones Lang LaSalle to lease the space.
DALLAS — Houston-based Boxer Property has purchased two office properties totaling 205,941 square feet, located at 13140 Coit Rd. and 14800 Quorum Rd. in the Quorum Business Park in north Dallas. The Coit Road building, also known as Office Alpha, is currently 84 percent leased and 14800 Quorum is currently 96 percent leased. Mike Hardage and Steve Simon of Transwestern's Dallas office represented the seller, KBS Realty Advisors, in the transaction. Boxer Property was self-represented.
HOUSTON — Jones Lang LaSalle has arranged the sale of the 168,956-square-foot 1800 Bering, a 10-story Class B office building located in Houston's San Felipe/Voss submarket. JLL also arranged debt financing for the buyer, Bering Office Partners LLC, a joint venture between Harbert United States Real Estate Fund IV and Houston-based Fuller Realty Advisers. Rudy Hubbard, Paul House and Leah Gallagher of JLL's Houston office arranged the financing.
PORT WAHINGTON, N.Y. — WAC Lighting Co. plans to move its headquarters from Garden City to a 145,000-square-foot building at 44 Harbor Park Dr. in Port Washington. WAC, a manufacturer of energy efficient lighting, purchased the building from Luxottica, an eyeglasses retailer and manufacturer, for $12.3 million. WAC plans to create 228 new jobs for the facility. Colliers International represented WAC in the transaction.