CONCORD, CALIF. – The Fresenius USA building, a 152,000-square-foot, single-tenant office/R&D building in Concord, has received a $4.5-million mezzanine loan. The building is fully leased to Fresenius USA, a subsidiary of Fresenius Medical Care AG & Co KgaA. It serves as the company’s North America medical equipment manufacturing facility. The financing allowed the building’s owner, Harvest Properties, to purchase, renovate and expand the property to 183,149 square feet. The investment was made on behalf of Pearlmark Mezzanine Realty Partners III. The transaction was arranged by Bill Swackhamer and Rachael Litvin of Pearlmark Real Estate Partners.
SANTA CLARA, CALIF. – ATopTech has leased 26,000 square feet of office and R&D space in Santa Clara. The company is relocating to 2111 Tasman Drive from 3099 North First Street in San Jose. The new space will serve as the company’s headquarters. ATopTech was represented by Mike Mordaunt and Scott Kinder of Cresa San Jose. The landlord, RREEF, was represented by CBRE’s Joe Kelly and Rob Shannon.
CULVER CITY, CALIF. – Gentleman Scholar multimedia production studios has leased 7,322 square feet at Blackwelder, a 6.4-acre creative office and media campus in Culver City. The long-term lease is valued at $2.5 million. Other tenants at the center include The Mill, Hungryman, On Board Entertainment, Soap Creative and Bandito Films. The landlord, Alcion Ventures, was represented by Jim Jacobsen and Scott Rigsby of Industry Partners.
RUTHERFORD, N.J. — PCCP has provided a $60 million senior loan to refinance Meadows Office Complex, a 600,471-square-foot office property in Rutherford. A joint venture between Onyx Equities and SL Green Realty Corp. owns the two-building property. The complex is 79 percent leased to 60 tenants, the largest of which is Malo, a wellness and dental clinic. The property includes structured parking, a cafeteria and full daycare services.
TEANECK, N.J. — Perception Research Services International (PRS) has signed a lease for 44,000 square feet at Glenpointe Centre in Teaneck. The privately held company is relocating its headquarters to the Class A office complex from Fort Lee, N.J. PRS conducts more than 800 packaging and research studies annually on behalf of global marketers such as Kraft Foods. Curtis Foster of Cushman & Wakefield represented the tenant in the transaction. Richard Baumstein, Marc Graham and Christian Politan of Cushman & Wakefield represented the property owner, Alfred Sanzari Enterprises.
IRVINE, CALIF. – The Cheesecake Factory has purchased a 29,074-square-foot office building in Irvine for $4.7 million. The company plans to house its design division in the new space, which is located at 19 Corporate Park. The Cheesecake Factory was represented by Trent Walker of Voit Real Estate Services’ Irvine office. The sellers, Richard C. and Betty Jane Farrell, were represented by CBRE’s Richard Pincott.
LIVERMORE, CALIF. – Pacific Corporate Center, a 208,000-square-foot complex in Livermore, has sold to an entity controlled by Vertical Ventures Capital LLC and their JV equity partner for an undisclosed sum. The five-building complex is located at 7005 Southfront Road, 7401-7501 Longard Road and 501 Lawrence Road. Dan Bergen, Michael Lloyd and Andy Zighelboim of Colliers International represented both the buyer and the seller, Greenville Investors, an affiliate of Pacific Union Holdings, in this transaction.
FORT WAYNE, IND. — Erin's House for Grieving Children Inc. has signed a lease for 9,125 square feet in Georgetown Square, located at 6718 E. State Blvd. in Fort Wayne. The organization provides support services for children, teens and their families who have suffered the death of a loved one. Al Stovall of NAI Harding Dahm represented the landlord, Georgetown Members, in the transaction. Russ Jehl of NAI Harding Dahm represented the tenant.
WALTHAM, MASS. — HFF has arranged $80 million for the refinancing of three inter-connected suburban office buildings totaling 458,166 square feet in Waltham. The properties are located at 920, 930 and 940 Winter St. in the Reservoir Woods West Campus. Renovated in 2006, the buildings are fully leased to six tenants including Fresenius Medical Care and PerkinElmer. Riaz Cassum, Lauren O'Neil and Robyn King of HFF led the team that represented the borrower, an affiliate of Davis Marcus Partners. The team arranged the seven-year, fixed-rate loan through MetLife Real Estate Investments.
HOUSTON — Satterfield & Pontikes Construction has completed a $16.5 million renovation of the 65,000-square-foot Building 12 at the NASA Johnson Space Center, located in Houston. The property was upgraded to achieve LEED Gold certification with features like lighting controls, wind turbines, high-effeciency plumbing fixtures and a 32,000-square-foot garden roof that houses more than 67,000 plants. Building 12 provides office space for human resources, finance, administration and onsite training functions.