DALLAS — Newport Beach, Calif.-based KBS Realty Advisors signed Staffelbach Designs and Associate, an architectural firm, to a lease renewal of 19,855 square feet of office space at KBS' 2525 McKinnon office tower in Dallas. The 109,810-square-foot office tower is 90 percent leased. Staffelbach Designs was self-represented in the lease transaction. Kim Brooks of Transwestern's Dallas office represented the landlord.
SAN ANTONIO — Corporate Office Properties (COPT) has sold a 95,000-square-foot office building, located at Sentry Gateway 100 in the Sentry Gateway office campus in San Antonio, for $15.5 million. COPT built the property in 2010, and the building was vacant at the time of the sale. The sale represented an opportunistic asset for the end user.
ALLEN — Connecticut-based Frontier Communications Corp. has opened a 84,000-square-foot communications center, located at 805 S. Central Expy. in Allen. The center houses 500 employees and features a National Operations Center with specialized telecommunications equipment.
HOUSTON — Houston-based GSL Welcome Group has acquired a 48,710-square-foot office/warehouse property, located at 4300 Pasadena Freeway and Beltway Green Boulevard in Houston. The acquisition is GSL's 14th property in the Deer Park/Pasadena area. Hagemeyer North America is the property's sole tenant. Welcome Wilson and Danielle Gann represented the buyer in the transaction. Tyndall Yapp of Capital Commercial represented the seller, Capital Commercial Investments.
THE WOODLANDS — BANDIER Investment Services has arranged the sale of two office buildings totaling 22,000 square feet in the Borough Office Complex in The Woodlands. Jody Czajkoski and Jason Tangen of BANDIER's Houston office represented the buyer, AVATAR Home Health Agency, in the transaction. The property will serve as AVATAR's new corporate headquarters.
LEXINGTON, MASS. — Quanterix, a company focused on the generation of molecular diagnostic tests, has executed a new 19,802-square-foot lease in a recently renovated life science lab building at 113 Hartwell Ave. in Lexington. The company is expanding by 10,000 square feet from its current location at One Kendell Square in Cambridge. Occupancy is scheduled for this April. Tucker Hansen, Joe Flaherty and Ben Coffin of Colliers International represented Quanterix in the transaction. Tom Rango, Stephen Lynch and Leah Harsfield of King Street Properties represented the landlord.
NEW YORK CITY — Brooklyn Eagle, New York City's only daily newspaper devoted exclusively to the borough of Brooklyn, has signed two five-year leases totaling 10,000 square feet at 883 Third Ave. The paper, founded in 1841, is relocating and consolidating space from a number of offices including 30 Henry St. The landlord, Industry City Associates, will build out the unit to meet the paper's specifications. Brooklyn Eagle will use part of the space to place its archive online and another portion to house its editorial and sales departments.
DALLAS AND HOUSTON — J.P. Morgan Asset Management, on behalf of institutional investor clients, has selected Cassidy Turley to manage and lease two office properties totaling 2.5 million square feet. The properties include the 1.2 million-square-foot Fountain Place, an office tower located in Dallas' Central Business District, and the 1.3 million-square-foot Post Oak Central, an office property comprised of three 24-story buildings located at 2000 Post Oak Blvd. in Houston. Fountain Place's tenants including Hunton & Williams, LLP; Wells Fargo Bank and Tenet Healthcare Corp. Post Oak Central features tenants such as Apache Corp., Suez Energy North America, Stewart Title and Cox Radio.
SORRENTO VALLEY, CALIF. — Bastyr University has signed a 10-year lease for 19,300 square feet of office/lab space in the San Diego submarket of Sorrento Valley. The space is located at 4106 Sorrento Valley Blvd. inside the Sorrento Pines Business Park. The lease is valued at $3 million. Brian Starck and Dave Odmark of Cassidy Turley BRE Commercial represented both Bastyr and the building’s owner, Sorrento Valley Blvd., LP., in this lease transaction.
BOSTON — Clarion Partners has purchased two adjoining 13-story office buildings in Boston's Bay Back area for $87.1 million. Clarion made the acquisition on behalf of a separate account client. The 535 and 545 Bolyston St. properties are currently 92 percent leased. Both buildings were upgraded in 2009 and together total 184,222 square feet. The seller was undisclosed.
