Office

NEW YORK CITY — MSCI Inc. has signed a 20-year, 125,000-square-foot lease at 7 World Trade Center in New York City, which brings the property to 100 percent occupancy. MCSI will occupy floors 47 through 49 of the 52-story office building in mid-year 2012. Gary Greenspan and Michael Burgio of Cushman & Wakefield's New York office represented the tenant in the lease transaction. Roger Silverstein and Jeremy Moss of Silverstein Properties and Stephen Siegel and Peter Turchin of CB Richard Ellis' New York City office represented the landlord, Silverstein Properties.

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GREENWOOD VILLAGE, COLO. – A 41,800-square-foot office building located at 5675 DTC Blvd. in Greenwood Village has sold to Chotin Properties, LLC, an affiliate of the Chotin Group Corporation, for $2.4 million. Chotin plans to occupy 10,000 square feet at the building after it relocates from its current location at the nearby Plaza Tower One office late next year. The company intends to renovate the DTC building. Tom Lee and Dann Burke of Newmark Knight Frank Frederick Ross represented Chotin. They are also acting as the property’s new leasing agents. The firm will serve as the on-site property manager, as well.

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GARNER, N.C. — Cassidy Turley has brokered the $31 million sale of the 397,332-square-foot Greenfield North Business Park portfolio, a master-planned business campus at the intersection of Interstate 40 and U.S. 70 in Garner. Also included in the acquisition was 80 acres of development-ready land. The facilities are leased to tenants such as the North Carolina Department of Transportation, Pergo, J.B. Hunt Transport and Butterball's corporate headquarters. Chris Norvell, Rob Cochran, David Finger and Drew Flood of Cassidy Turley's Raleigh, N.C., office represented the seller, Greenfield North LLC. Duke Realty was the buyer.

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NEW YORK CITY — New York City-based Savanna, an institutional real estate private equity and asset management firm, has acquired the 417,000-square-foot 80 Broad Street, a 36-story office building in Manhattan's Financial District. Savanna has received a $65.3 million loan from Mesa West Capital to recapitalize the building. Savanna will cease leasing the property until after capital improvements finish, with plans to reintroduce the building in the first quarter of 2012. Jonathan Estreich and Christopher Barnett of Estreich & Co., Inc. represented Savanna in the financing. The building was built in 1930 and designed by Sloan & Robertson. Swig Equities is planning the redevelopment, and Hal Stein, Adam Leshowitz and Todd Stracci of Newmark Knight Frank will handle the leasing.

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DULUTH, GA. — Duke Realty Corp.'s Atlanta office has executed a long-term lease agreement with Primerica. Duke Realty will develop a 344,476-square-foot, build-to-suit international headquarters for Primerica, located in Legacy, one of Duke Realty's development parks off of Interstate 85 in Duluth. Primerica will consolidate its numerous business areas and functions from 10 different locations to the new facility, which will include two buildings. Travis Jackson and Sam Hollis of Cushman & Wakefield's Atlanta office represented the tenant in the transaction. The landlord was self-represented by Chris Brown and Craig Flanagan of Duke Realty's Atlanta office. Completion is slated for spring 2013.

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CAMILLUS, N.Y. — NorthMarq Capital has arranged $7.5 million in first mortgage financing for the 85,000-square-foot Med Center West, a medical office building located at 5700 W. Genesee St. in Camillus. Michael James of NorthMarq's upstate New York office arranged the financing with a 7-year term and a 25-year amortization schedule through Rockville Bank.

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SAN FRANCISCO — T5 Data Centers, an Atlanta-based data center owner and operator, has expanded into California with the opening of a San Francisco office. The firm is also converting a Los Angeles-area building into a wholesale data center, and has hired development expert Aaron Wangenheim, who will serve as executive vice president and partner. Wangenheim will oversee the firm’s Western expansion.

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TUXEDO PARK, N.Y. — Brooklyn-based Watchtower Bible and Tract Society has purchased a 50-acre, 183,000-square-foot research and development campus from the International Paper Co. in Tuxedo Park located at 1422 Long Meadow Rd. for $3.2 million. Watchtower plans to construct its world headquarters at the site. Steve Perfit and Peter Malone of Cushman & Wakefield/Pyramid Brokerage Co. represented the seller, and Goshen, N.Y.-based R.J. Smith Realty represented the buyer.

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