PHILADELPHIA — Thomas Properties Group has signed Ernst & Young, an assurance, tax and advisory services firm, to a 74,240-square-foot lease at the One Commerce Square building in Philadelphia. A tenant in the adjoining twin Two Commerce building since 1992, Ernst & Young is relocating more than 800 professionals from its current space. Joe McManus and Morgan Murray of Thomas Group Properties represented Ernst & Young in the transaction.
HOUSTON — Sugar Land-based American Commercial Contractors has commenced construction on Houston-based DataVox's $10 million, 48,000-square-foot corporate headquarters, located along West Sam Houston Parkway near Bellaire Boulevard in Houston. The three-story building will feature a three-story glass curtain wall atrium, sky bridges, a large server room, a networking operational center and a warehouse. The new headquarters are slated for completion in September 2012.
HOUSTON — TPG/CalSTRS LLC, an affiliate of Los Angeles-based Thomas Properties Group, has sold the 578,284-square-foot 2500 CityWest Boulevard, an office building located in Houston for $16 million. The property recently received LEED Silver certification. The sale also includes adjacent land parcels totaling 6.3 acres.
SANDY, UTAH — W.J. Bradley Mortgage Capital Corp. has signed an eight-year lease for 50,000 square feet of office space at the Workers Compensation Building in Sandy. The financial terms were not disclosed. CBRE’s Scott Wilmarth, Tab Cornelison and Nadia Letey represented W.J. Bradley in this lease transaction.
PHOENIX — Genworth Financial Trust Company has signed a 19,736-square-foot lease renewal and expansion at Phoenix’s Great American Tower. The global financial security company was represented by Peter Menna and Brandon Leach with Cassidy Turley BRE Commercial’s Office Group. Cushman and Wakefield’s Jerry Jacobs represented Great American’s landlord, 3200 N Central Ventures, Inc, in this transaction.
COLUMBIA, MD. — New Boston Fund has purchased the 84,300-square-foot Stevens Forest Green, an office building located in the Hillside Executive Park at the interchange of Route 29 and Broken Land Parkway in Columbia. James Wellschlager and Jonathan Carpenter of Cassidy Turley's Baltimore office represented LNR Partners, the seller, in the transaction. The buyer was self-represented by John Thompson and David Langol of New Boston's Mid-Atlantic office.
NEW YORK — SL Green Corp. and its joint venture partner have agreed to sell One Court Square in Manhattan to a private investor group for an estimated $42 million. The transaction includes $315 million of existing debt, which will be assumed by the purchaser. The 1.4 million-square-foot office building is fully leased to Citibank. Eastdil Secured represented the sellers in the pending transaction.
CAMBRIDGE, MASS. — Intrepid Labs, a Cambridge-based startup specializing in alternative workspaces for venture-backed firms, has signed a 10,500-square-foot office lease at the American Twine Office Park, located at 222 Third St. in Cambridge. Tad Lee of Colliers International's Boston office represented the landlord, Transatlantic Investment Management Inc., in the transaction.
LOS ANGELES — Coldwell Banker Commercial WESTMAC has completed a sale-leaseback at a Downtown Los Angeles office building located at 2417 Beverly Blvd. The 10,720-square-foot building was sold to a local investor and owner/user janitorial company from a national magazine publisher for $1,750,000. The janitorial company plans to occupy half of the property, while the seller will lease back the remaining portion for three years. The buyer, Sun Kee Hong, was represented by Brian Rhie of AB Real Estate. The seller, 2401 Beverly LLC, was represented by Michael Rojas, William Althouse and T.C. Macker of Coldwell Banker Commercial WESTMAC.
LISLE, ILL. — Leopardo Co. Inc. is building a three-story, 95,000 square foot medical office building for DuPage Medical Group in Lisle. Located at 430 Warrenville Rd., the facility will house a cancer center for DuPage Medical Group and Rush University Medical Center, part of a recently announced partnership to bring university-level cancer care to the western suburbs. The building is slated for completion in December 2012.