NAPLES, FLA. — C-B Associates has sold a 44,248-square-foot medical office park, located at 6400 Davis Blvd. in Naples, to an undisclosed buyer for $6.5 million. Current tenants include Naples Community Hospital, Naples Diagnostic and Imaging Center, Collier Healthcare Service and LabCorp. Doug Olson of Fort Myers, Fla.-based Commercial Property Southwest Florida, a Cushman & Wakefield alliance member, represented the seller in the transaction.
GREENWICH, CONN. — A 15,000-square-foot office property at 95 E. Putnam Ave. in Greenwich has been sold for $4.6 million. The building is fully occupied by tenants like Chatsworth Securities, The Federalist, Gabriel Shimon Hair Sallon and Sanguine, Inc. Jamie Schwartz of GHP Office Realty, the office building division of Houliahn-Parnes Realtors, procured the buyers, Greenwich-based investors, and Elizabeth Smith of Goldberg Weprin Goldstein represented the sellers.
SAN DIEGO — West Bernardo Corporate Center has reached 100 percent occupancy after two new leases were completed. Zarlink Semiconductor recently renewed its 15,121-square-foot space for 72 months, while D&K Engineering signed a new lease for 15,090 square feet for 60 months. Located at 15822 Bernardo Center Road in the Rancho Bernardo submarket of San Diego, West Bernardo Corporate Center is a 60,344-square-foot flex office building. Zarlink Semiconductor was represented by Alex Hayden of Cushman & Wakefield, while David Marino and Shane Poppen of Hughes Marino represented D&K Engineering. Jones Lang LaSalle’s Jay Alexander and Ryan Grove represented the landlord, Arden Realty, in both lease transactions.
PHILADELPHIA — Liberty Property Trust/Synterra Partners has broken ground on Iroko Pharmacy's new headquarters in the Philadelphia Navy Yard Corporate Center. The 56,412-square-foot Class A office building is four stories tall and is slated to be delivered in late 2012. Philadelphia-based DIGSAU designed the Iroko Building for Liberty/Synterra to achieve LEED Gold Core and Shell certification. Liberty is investing $15.4 million into the Iroko Building's development.
NEW YORK CITY — The Open Society Foundations, founded by billionaire George Soros, has signed a lease with M1 Real Estate for 160,000 square feet of office space inside the Argonaut Building at 224 W. 57th St. in New York City. The Open Society Foundations will occupy its new headquarters in the third quarter of 2012. Colliers International's Brian Given, Michael Cohen, Robert Bakst and Robert Sass represented the landlord, M1 Real Estate, in the transaction, while James Coleman and Steve Kaufman of Hanley Advisors and CB Richard Ellis' Eric Deutsch represented the Foundations. More than $25 million has been spent in renovations to the Argonaut Building, which is LEED Gold certified. The Foundations has joined General Motors and The Hearst Corporation as being one of three tenants to occupy the space since the Argonaut's construction in 1909, according to M1 Real Estate.
ARLINGTON — SkyWalker Property Partners is investing $250,000 into Phase I of the renovation of Cordovan Park, a two-building office property at 5850 W. Interstate 20 in Arlington. Cordovan Park spans 78,550 square feet and is managed by Cheryl Zellers of SCM Real Estate, an affiliate of SkyWalker Property Partners. The space is currently 70 percent leased to tenants like Arrow Child & Family Ministries.
COLUMBIA, S.C. — SC Student Loan Corp. has purchased a 40,122-square-foot office building, located at 8906 Two Notch Rd. in Columbia, from Markstein — Two Notch Rd. for $3 million. Martin Moore, Aaron Dupree and Marie Dieckmann of Columbia-based CB Richard Ellis — Columbia represented the seller in the transaction, and Billy Way of Columbia-based Grubb & Ellis Wilson Kibler represented the buyer.
INDIANAPOLIS — State Farm Insurance has signed a lease for 88,408 square feet of space at a 146,801-square-foot office building, located at 9200 Keystone Crossing in Indianapolis. Aasif Bade of Ambrose Property Group represented the tenant in the lease negotiations, and John Robinson and Abby Cooper of Jones Lang LaSalle's Indianapolis office represented the landlord, BPG Properties.
PARSIPPANY, N.J. — Institutional investors advised by J.P. Morgan Asset Management have purchased Morris Corporate Center III, a 526,641-square-foot office property at 400 Interpace Pkwy. in Parsippany, for approximately $110 million. Morris Corporate Center features a full-service cafe, a fitness center, covered parking, fountains and walking trails. The center was 85 percent leased at the time of the sale to tenants such as Ogilvy Commonhealth and Watson Pharmaceutical. CB Richard Ellis' Jeffrey Dunne, Kevin Welsh, Brian Schulz and Sam Buckley represented the seller, TIAA-CREF, and procured the buyer.
SAN JOSE, CALIF. — Nimble Storage has relocated and expanded to a 34,395-square-foot office in San Jose that it is subleasing from StarCite. The Class A space resides within the Valley Technology Centre office park. Nimble Storage’s current operation is across the street from its future home. It occupies 13,500 square feet at 2645 Zanker Road. The company believes its move will be complete by October 2011. Nimble Storage was represented by Dave Tipton and Steve Lico of CresaPartners in Palo Alto. StarCite was represented by Colliers Parish in this transaction. Valley Technology Centre’s landlord is Equity Office Properties.