CAMBRIDGE, MASS. — Vecna Technologies has purchased 54 Cambridgepark Dr. in Cambridge for $6.2 million. The 26,603-square-foot building was occupied by Pfizer Inc. for the past 10 years. Vecna, a technology company, owns a location nearby and will use the facility to expand its operations. Occupancy is slated for this spring. Jack Kerrigan and Steve Cook of Avison Young represented the seller, Samuels Property Group, in the transaction.
THE WOODLANDS — The Howard Hughes Corp. has partnered with Huntsman Corp. to complete a feasibility study for expanding the Huntsman facility, located in the Research Forest area of The Woodlands. The plans show an increase in the research and development capacity as well as a new five-story, 236,000-square-foot office building with an attached 900-space parking garage. The companies are exploring the opportunity to construct three new Class A office buildings and an adjacent parking garage.
HUNTINGTON BEACH, CALIF. – A 7,098-square-foot office building in Huntington Beach has sold to an unnamed buyer for $2,485,000. It is located at 9131 Adams Ave. The buyer was represented by Allen Basso of Lee & Associates. The seller was represented by David Romero of Lee & Associates and Bryan Lysne of Lee ISG in this transaction.
NEWARK, CALIF. – Four new stores are opening at the Newpark Mall in Newark. Three Kings barbershop has leased 1,550 square feet; The Humidor cigar shop has leased 1,297; Focus women’s shoe store has leased 2,349 square feet; and Sprouts children’s shoe store has leased 1,880 square feet.
SPRING — The Woodlands-based The J. Beard Real Estate Company has brokered the sale of Phase II and III of the 40,372-square-foot Spring Hill Executive Office Suites, located at 500 and 504 Spring Hill Dr. in Spring. The property is fully leased. Josh Feinberg of J. Beard represented the buyers, The Woodlands-based Mercan and a private family partnership, in the transaction. Jeff Beard of J. Beard represented the seller.
DALLAS — Fullerton, Calif.-based Eleganza Tiles has leased 60,092 square feet of showroom and office space at Tile Mile Park, located in the Dallas Corporate Center Building 1 at 2230 LBJ Freeway in Dallas. The company relocated from 11639 Emerald St. in Dallas, less than a half mile away from its new headquarters. The new lease expands the company's footprint by 20,000 square feet. Kevin Santaularia and Joe Santaularia of Dallas-based Bradford Commercial Real Estate Services represented the tenant in the transaction. The landlord, ProLogis, was self-represented by Mitch Pruitt.
ANAHEIM, CALIF. — Gateway One Lending & Finance, LLC has signed an eight-year lease expansion for 41,148 square feet of office space in Anaheim. The office is located at 175 N. Riverview Drive. The property’s landlord is a joint venture of Greenlaw Partners and Walton Street Capital. The transaction was brokered by Chris Migliori of DAUM’s Orange County, Calif., office.
WASHINGTON, D.C. — Walker & Dunlop has arranged $5 million in refinancing for the 11,813-square-foot 300 Independence Avenue, a Class A office building located in Washington, D.C. Sanor Biderman of Walker & Dunlop's Bethesda, Md., office arranged the 20-year loan with a 25-year amortization schedule on behalf of the borrower, 300 Independence Avenue LLC.
WASHINGTON, D.C. — The 236,054-square-foot 801 9th Street NW, located in Washington, D.C., has sold for $147.5 million. The eight-story property is fully leased on a triple-net basis to the United States Mint through September 2019. Stephen Conley, Jim Meisel, Dek Potts and Andrew Weir of HFF's Washington, D.C., office represented Wereldhave USA, the seller, in the transaction. J Street Cos. represented the buyer, NSP Ventures.
EDISON, N. J. — Angelo, Gordon & Co. has acquired a 99,000-square-foot office building on behalf of the $560 million AG Net Lease Realty Fund II. It is one of a series of net-lease investment funds managed by the firm. The Edison property sold for $16.5 million. Fully occupied by Revlon and utilized as the consumer product giant's main research and development center, the building is part of the Edison Towne Corporate Center. Andrew Merin, David Bernhaut, Gary Gabriel and Jared Zimmer of Cushman & Wakefield represented the seller, The Morris Cos., in the transaction.
