BOCA RATON, FLA. — Colliers International has arranged the sale of two office buildings in Boca Raton for a total of $6.7 million. Robert Listokin and Peyton Moore of Colliers International's Fort Lauderdale, Fla., office negotiated the sale of 10 separate office condominiums totaling 27,503 square feet, located at 4800 N. Federal Highway at Sanctuary Centre in Boca Raton. Listokin and Moore represented the seller in the transaction, First Southern Bank, and procured the buyer, Sanctuary Centre Partners. In a separate transaction, Los Angeles-based Aptium Oncology sold the 31,632-square-foot Boca Raton Comprehensive Cancer Center, located at 21020 N. State Road 7 in Boca Raton. Listokin and Moore represented the seller in the transaction.
NEW YORK CITY — A joint venture between Savanna and the Feil Organization, both based in New York City, has acquired the 375,000-square-foot 21 Penn Plaza, a 17-story office building located at the southeast corner of West 31st Street and Ninth Avenue in New York City. The joint venture has retained Brian Feil and David Turino of Jeffrey Management Corp., an affiliate of the Feil Organization, as the property manager and leasing agent. The property is currently 95 percent leased to tenants such as Saks & Co., Central Parking, Langan Engineering and Joseph Loring & Associates. The seller was a joint venture led by GHG Realty.
EWING, N.J. — The Opus Group has broken ground on a new 250,000-square-foot corporate campus for Church & Dwight Co.'s headquarters. The Opus Group is designing and building the campus, and SunTrust Bank is funding the development. An investment group led by Founders Properties will own the property under a long-term lease with Church & Dwight Co. The corporate campus consists of two 125,000-square-foot buildings, which will be connected. Construction is slated for a late 2012 completion.
CAMBRIDGE, MASS. — Skanska USA Commercial Development has commenced construction on a $70 million laboratory and office building, located in Kendall Square at 150 Second St. in Cambridge. The property has been pre-certified for LEED Gold certification. Boston-based Elkus Manfredi designed the property, and Jones Lang LaSalle will be the leasing agent.
NEW YORK CITY — Izaki Group Investments USA has purchased a 165,000-square-foot office building, located at 93 Worth St. in New York City's Tribeca neighborhood, for $49.7 million from World Wide Holdings. Vincent Carregam Yoav Oelsner, Charles Kingsley and Jason Meister of Grubb & Ellis' New York City office represented the seller. Izaki is planning on repositioning the property to be a high-end residential condominium building with a fitness center, children's playroom and lounge.
GRAPEVINE — SkyWalker Property Partners has acquired the 58,860-square-foot Grapevine I and II, located at 3500 and 3600 William D. Tate Ave. in Grapevine, from CWCapital. The office complex is currently 48.8 percent leased. Renee Efimoff of SCM Real Estate Services' Arlington office represented the buyer, and Barney McAuley of Tricom Real Estate Group's Dallas office represented the seller.
SANTA MONICA, CALIF. – A 23,000-square-foot, Class A office building located at 1315 Lincoln Blvd. in Santa Monica has sold to Lincoln Property Company for $12.6 million. The building was 25 percent occupied at the time of sale. Bob Safai and Mitch Stokes of Madison Partners represented the seller, Praedium Group, in this transaction.
DENVER — Lowe Enterprises Investors has purchased the 231,454-square-foot Denver Club office building inside Denver’s Central Business District. Built in 1954, the 24-story Denver Club is a historic building that is undergoing a $10-million renovation. The tower is currently 76 percent leased. Jeremy Ballenger of Lowe Enterprises Real Estate Group led Lowe’s acquisition team. The seller was represented by Riki Hashimoto and Dan Grooters of Grubb & Ellis.
WASHINGTON, D.C. — Carr Properties has sold a 41,358-square-foot office building, located at 1741 Business Center Dr. in Washington, D.C., to Lake Fairfax Business Center Owners Association for $5.22 million. Additionally, Carr Properties negotiated a lease termination with the tenant, generating additional cash proceeds.
GREENSBORO, N.C. — Marcus & Millichap has negotiated the $3.4 million sale of a 15,105-square-foot medical office building, located at 622 Industrial Blvd. in Greensboro. The property is currently leased to Fresenius Medical Care Dialysis Clinic. Scott Niedergang of Marcus & Millichap's Chicago office and Allen Smith of the firm's Charlotte, N.C., office represented the seller, a developer, in the transaction and procured the buyer, a private investor.