AMBLER, PA. — Liberty Lutheran Services has purchased the Whitemarsh Corporate Center East Building at 7002 Butler Pike in Ambler for $3 million. Liberty is a non-profit organization human services agency. The 25,000-square-foot office building will serve as its new headquarters. The property was renovated in 2008. Neil Shupak and Justin Bell of Newmark Knight Frank Smith Mack represented the seller, 7 East Skippack Associates LP, a partnership under the umbrella of Keystone Property Group, in the transaction.
CARLSBAD, CALIF. — A 41,516-square-foot office building in Carlsbad that is triple-net leased to ViaSat Digital Communications has sold to a private California limited liability company for $14.15 million. The property is located at 2530 Campbell Place. ViaSat signed a 10-year triple-net lease for the building in May 2009. The lease permits five percent rent increases every two years. Alvin Mansour of Marcus & Millichap’s San Diego office represented the seller, a California limited partnership.
KANSAS CITY, MO. — Opus Design Build has been selected to design and construct a three-story building that will serve as the Kansas Leadership Center's statewide headquarters and conference center for the Kansas Health Foundation (KHF). Launched by the KHF in 2005, the Kansas Leadership Center promotes civic leadership with the goal of creating healthier communities. The 36,000-square-foot facility will be used to host conferences, group meetings, lectures and training. The building will also feature office and classroom space and a 210-person auditorium. Construction will begin later this month and the facility is slated for completion in July 2013. Opus AE Group is the architect and engineer of record for the project.
NEWARK — Public Service Enterprise Group (PSEG) has renewed its lease for 825,000 square feet of office space at 80 Park Plaza, a 25-story building in Newark. The publicly traded energy company has occupied the space since 1979 and the renewal ensures PSEG will stay in Newark at least until 2030. PSEG employs about 10,000 people, about 1,650 of whom work in the headquarters building. Wells Real Estate Investment Trust II, the building owner, and PSEG also plan to make significant updates and energy improvements to 80 Park Plaza. Bryn Cinque and Eric Witmondt of Colliers International represented the tenant in the transaction. John Meisel of Jones Lang LaSalle represented the landlord.
EXTON, PA. — Brandywine Realty Trust has completed the sale of Oaklands Corporate Center, an 11 building portfolio totaling 466,719 square feet, in Exton for $52.7 million. The portfolio consists of 10 single-story and one two-story flex/office buildings which are 81.6 percent leased and have a weighted average age of 21 years. The property is located 35 miles west of Philadelphia. The seller is a private investor.
NEW YORK CITY — Amerigroup has signed a lease for 165,000 square feet at 14 Wall St. in New York City to consolidate its operations. The company will take the 11th, 12th, 14th and 22nd floors of the building. Amerigroup is consolidating its 50,000-square-foot office at 21 Penn Plaza, and its two Brooklyn facilities totaling 150,000 square feet at the new downtown location. Zev Holzman and Paul Revson of Studley and Rich Hopen of Hopen Corporate Services represented the tenant in the transaction. Howard Fiddle, Brad Gerla, Jonathan Cope and Evan Haskell of CBRE represented the building owner.
PLANO — Tyler Technologies has begun construction on its new 142,000-square-foot corporate and division headquarters, located at 5101 Tennyson Parkway in Plano. KDC will develop and manage the construction of Tyler's 26-acre campus. The property is slated for an August 2013 completion. The campus will feature a three-story, 82,000-square-foot office building connected to a 60,000-square-foot building via a transparent ground-level walkway. HKS Architects is the project designer, Hill & Wilkinson is the general contractor and BLUM Consulting Engineers, Brockette, Davis & Drake Engineers and TBG Landscape Architects are also working on the project.
SANTA MONICA, CALIF. — IMAX Corp. has signed a lease renewal for the 65,000-square-foot Lantana IMAX Building within the Lantana Entertainment and Media Campus in Santa Monica. The space, which has served as IMAX’s West Coast headquarters since 2000, is located at 2900 Exposition Blvd. The landlord, the Lionstone Group, was represented by Jim Jacobsen and Scott Rigsby of Industry Partners.
ATLANTA — Atlanta Property Group has acquired the 124,273-square-foot 280 Interstate North, an office building located in Atlanta, for $8.7 million according to public records. The building is 72 percent leased. The buyer will invest nearly $400,000 to renovate the building's common areas and improve the property's aesthetic appeal. David Meline and Stewart Calhoun of Cushman & Wakefield represented the seller in the transaction.
FREMONT, CALIF. — Warm Springs Constructors, Inc., a Kiewit Infrastructure West Co. joint venture, has signed two leases totaling 42,768 square feet in Fremont. The first lease is for 28,800 square feet of industrial space at 45401 Research Ave. The second includes 13,968 square feet of office space at the nearby 47212 Mission Falls Court. The buildings are respectively owned by Workspace, LLC and East Warren Park, LLC. Warm Springs Constructors was represented by Walter Stephenson, Mitchell Hertz, Matt Bracco, Christopher Burns, Joshua Nelson and Glen Dowling of Cushman & Wakefield in both transactions.