SAN JOSE, CA — SeaMicro has leased 68,000 square feet of office space at 1237 E. Arques Ave. in Sunnyvale. The firm will be expanding and relocating its corporate headquarters, which were previously located at 3003 Bunker Hill Lane in Santa Clara. CresaPartners' Sushma Malhotra represented SeaMicro. Jones Lang LaSalle represented the property's sub-landlord, Harmonics Inc. AMB is the landlord.
GERMANTOWN, MD. — Ground has broken on a new five-story, 162,000-square-foot office building located within Milestone Business Park at 12409 Milestone Center Dr. in Germantown. The development is for Digital Receiver Technology, a subsidiary of The Boeing Co. Trammell Crow Co. is the developer of the project and Buch Construction is the general contractor.
PHILADELPHIA — Ground has broken on the four-story, 205,000-square-foot Five Crescent Drive, a new office building located at the Navy Yard Corporate Center in Philadelphia. Liberty Property Trust and Synterra Partners are the developer on the project and Robert A.M. Stern is the architect. GlaxoSmithKline has signed a 15.5-year lease for the building.
AURORA, CO — Brookwood Financial Partners, LLC, has purchased the Denver Highlands, a 234,423-square-foot office building that was formerly known as Legacy Highlands. The nine-story, Class A property, which was built in 1985 and renovated in 2006, is situated on 5.6 acres in Aurora, CO, a submarket of Denver. It was 87.3 percent leased and occupied at the time of closing. The seller was represented by Frederick Ross, an affiliate of Newmark Frank.
ORLANDO, CRYSTAL RIVER & JACKSONVILLE, FLA. — Duke Realty Corp.'s Orlando office has been selected to develop three LEED certified offices in Florida. Raleigh, N.C.-based Progress Energy has chosen Duke Realty as the design-build general contractor of a 73,000-square-foot office, laboratory and warehouse facility at its Crystal River Energy Complex in Crystal River, to open in the second quarter of 2012. Brazil-based Megastron Development has selected Duke Realty as the general contractor for a four-story, 133,000-square-foot office building, located at Kirkman Point in Orlando. Finally, the GSA has selected Duke Realty and General Capital Group to develop, design and construct a two-story, 48,000-square-foot office development at Flagler Center in Jacksonville, with completion scheduled for February 2012.
COLUMBIA, MD. — Cassidy Turley has arranged the $2.1 million sale of a 13,400-square-foot office building, located at 6310 Stevens Forest Rd. in Columbia, to SuperBookDeals. Charlie Fenwick and Nancy Martin of the Columbia office represented the buyer, and Greg Friedman of Hanover, Md.-based AGM Commercial Real Estate represented the seller, Stevens Forest Road, LLC.
ST. LOUIS — Creve Coeur, Mo.-based The Komen Group has completed its foreclosure acquisition of the historic Cupples 9 building in downtown St. Louis and will soon begin a $30 million renovation of the property. The project will include 147,000 square feet of office and ground-floor retail space within the building, which is located at 900 Spruce Street. Upon completion, which is expected in 2013, agricultural communications company Osborn & Barr will lease 66,000 square feet of anchor space within the building. Koman will lease and manage the building following its completion.
CLEVELAND — Grubb & Ellis has completed the sale of 55 Erieview Plaza, an 88,000-square-foot office building located in Cleveland's Financial District. An entity of the buyer, 2105 Ontario LLC, will occupy approximately 24,000 square feet of the building. Alex Jelepis and Susan Licciardi of Grubb & Ellis represented the seller, Boxer Property, in the deal. The buyer utilized in-house representation.
NORTHBROOK, ILL. — Crossroads Development Partners has acquired a vacant office building located at 4201 Lake Cook Road in Northbrook at a sheriff's sale. The Class B property was constructed in 1989 and contains 66,000 square feet of space over three stories. CDP has already commenced an extensive renovation and repositioning of the building. CB Richard Ellis is providing leasing services.
NEW YORK CITY — Continental Casualty Corp. has signed a 19-year, 81,296-square-foot lease at 125 Broad St. in Manhattan. Alan Grossman of ARG Realty Consultants and Stephen Siegel, Bruce Surry and Christopher Mansfield of CB Richard Ellis' New York City office represented the tenant. Mark Ravesloot, Peter Turchin and Gerry Miovski, also of CBRE's New York City office, represented the landlord, Mack-Cali.