BILLERICA AND TEWKSBURY, MASS. — Brookwood Financial Partners has executed leases for 110,923 square feet at the Brookwood Business Center in Billerica and Tewksbury, Mass. Potpourri Group inked a 72,000-square-foot lease for its corporate headquarters and DGI-Invisuals LLC signed a lease for 38,923 square feet. Neil Ross and Greg Zais of Jones Lang LaSalle represented Potpourri in the transaction, while Sam Oddo of Oddo Inc. represented DGI. Richards Barry Joyce & Partners represented Brookwood.
RICHMOND — The law office of Steven Rocket Rosen has purchased the 6,000-square-foot Morton Street Gallery, a 6,000-square-foot gallery located at 214 Morton St. in Old Town Richmond. The gallery will be repositioned into an office building. Tawnya Dornak of Sugar Land-based ICO Commercial represented the buyer in the transaction. Diana Powers of Richmond-based RE/MAX Plantation represented the undisclosed seller.
DALLAS — BOKA Powell has created a new design for the 400,000-square-foot Victory Park office tower, a Class A building under construction in the Victory Park mixed-use development in downtown Dallas. BOKA Powell is teaming with KDC for the construction of the 23-story tower, which includes eight stories of parking. The design features 10-foot ceiling heights, high efficiency mechanical and electrical systems, LED lighting systems and an elevator control system that reduces the number of hoistway openings. Construction is expected to begin this fall and is slated for a late 2014 completion. BOKA Powell is working with potential tenants on office layouts and is pursuing LEED certification.
MIAMI — Marcus & Millichap has arranged the $4.6 million sale of a 42,000-square-foot office building, located at 550 LeJune Rd. in Miami, and an adjacent 8-unit apartment building. Greg Zeifman and Benjamin Silver of Marcus & Millichap's Miami office represented the seller, a Miami-based international nonprofit organization, in the transaction and procured the buyer, a Miami-based developer.
ATLANTA — The 900,000-square-foot Atlanta Financial Center, located at 3343 Peachtree Rd. NE in Atlanta's Buckhead submarket, has achieved LEED Silver certification. Hines owns and manages the building, which is currently 83 percent leased. Tenants include Morris, Manning & Martin, North American Electric Reliability Corp., Prudential Insurance Co. of America, Robert Half International and SunTrust Robinson Humphrey. Green features include alternative transportation options of commuters; a partnership with Sustainable Buckhead and the Buckhead Area Transportation Management Association; an on-going electronic recycling program; energy efficient lighting with reduced mercury content; environmentally sensitive cleaning products and practices; and reduction of water use through the utilization of low-flow fixtures. The building is 24 percent more energy efficient and annually saves more than $630,000 in energy costs compared to the average U.S. office building.
BALTIMORE — The University of Maryland Faculty Physicians Inc. (FPI) has renewed and expand its lease, located at 250 W. Pratt St. in Baltimore, by 25,102 square feet. FPI now occupies a total of 61,993 square feet. Tim Jackson, Courtenay Jenkins and Whitney Nye of Cushman & Wakefield's Baltimore office represented the landlord, Behringer Harvard Funds, in the transaction. Matthew Haas and Kevin Haus of Colliers International's Columbia, Md., office represented the tenant.
ALLEN — PFSweb will relocate its corporate headquarters to 95,877 square feet of office space, located in the Allen Millennium Park facility at 505 Millennium Dr. in Allen. Renovations to the space, which has been vacant for more than 8 years, will be designed by Corgan Associates and constructed by MAPP Construction. Grant Sumner and John Dickerson of Peloton Commercial Real Estate's Dallas office represented the landlord, Capital Commercial Investment, in the lease transaction. Rick Hughes and Dan Cook of Cushman & Wakefield of Texas' Dallas office represented the tenant.
CARY, N.C. — Edinburgh Cary Office has purchased a four-propery office portfolio totaling 115,027 square feet in Cary for $7 million. The properties include 113, 117, 125 and 130 Edinburgh South Drive. Jim McMillan and Curteis Calhoun of Grubb & Ellis/Thomas Linderman Graham's Raleigh, N.C., office represented the seller, Edinburgh Investments, in the transaction.
MILWAUKEE — A Chicago-based investment fund has purchased a 51,368-square-foot office building in Milwaukee for $14.1 million. The property is leased on a long-term basis to the U.S. General Services Administration and is occupied by the Drug Enforcement Administration. Isaac Metzger of Syndicated Equities represented the seller, a private real estate developer in the transaction. He also represented the buyer.
SCHAUMBURG, ILL. — Leopardo has completed a build-out of Thermos' new corporate headquarters in Schaumburg. Thermos, a beverage container manufacturer, is relocating from Rolling Meadows to its new, 25,000-square-foot office at 475 N. Martingale Rd. The building includes conference rooms, executive offices, a research and development lab and a photography studio. Hoffman Estates, Ill.-based Leopardo served as general contractor, with Torchia Associates as the architect. Ken Soltis Associates served as project manager.