Office

QUANTERIX LEASES NEW SPACE IN LIFE SCIENCE BUILDING

by admin February 2, 2012

LEXINGTON, MASS. — Quanterix, a company focused on the generation of molecular diagnostic tests, has executed a new 19,802-square-foot lease in a recently renovated life science lab building at 113 Hartwell Ave. in Lexington. The company is expanding by 10,000 square feet from its current location at One Kendell Square in Cambridge. Occupancy is scheduled for this April. Tucker Hansen, Joe Flaherty and Ben Coffin of Colliers International represented Quanterix in the transaction. Tom Rango, Stephen Lynch and Leah Harsfield of King Street Properties represented the landlord.

February 2, 2012

HISTORIC BROOKLYN NEWSPAPER SIGNS NEW LEASE ON THIRD AVENUE

by admin February 2, 2012

NEW YORK CITY — Brooklyn Eagle, New York City's only daily newspaper devoted exclusively to the borough of Brooklyn, has signed two five-year leases totaling 10,000 square feet at 883 Third Ave. The paper, founded in 1841, is relocating and consolidating space from a number of offices including 30 Henry St. The landlord, Industry City Associates, will build out the unit to meet the paper's specifications. Brooklyn Eagle will use part of the space to place its archive online and another portion to house its editorial and sales departments.

February 2, 2012

Office Texas

CASSIDY TURLEY TO MANAGE, LEASE 2.5M SF

by admin February 2, 2012

DALLAS AND HOUSTON — J.P. Morgan Asset Management, on behalf of institutional investor clients, has selected Cassidy Turley to manage and lease two office properties totaling 2.5 million square feet. The properties include the 1.2 million-square-foot Fountain Place, an office tower located in Dallas' Central Business District, and the 1.3 million-square-foot Post Oak Central, an office property comprised of three 24-story buildings located at 2000 Post Oak Blvd. in Houston. Fountain Place's tenants including Hunton & Williams, LLP; Wells Fargo Bank and Tenet Healthcare Corp. Post Oak Central features tenants such as Apache Corp., Suez Energy North America, Stewart Title and Cox Radio.

February 2, 2012

Office Western

BASTYR U LEASES 19,300 SF IN SORRENTO VALLEY

by admin February 2, 2012

SORRENTO VALLEY, CALIF. — Bastyr University has signed a 10-year lease for 19,300 square feet of office/lab space in the San Diego submarket of Sorrento Valley. The space is located at 4106 Sorrento Valley Blvd. inside the Sorrento Pines Business Park. The lease is valued at $3 million. Brian Starck and Dave Odmark of Cassidy Turley BRE Commercial represented both Bastyr and the building’s owner, Sorrento Valley Blvd., LP., in this lease transaction.

February 2, 2012

Northeast Office

CLARION ACQUIRES TWO BOSTON OFFICE BUILDINGS FOR $87.1M

by admin February 1, 2012

BOSTON — Clarion Partners has purchased two adjoining 13-story office buildings in Boston's Bay Back area for $87.1 million. Clarion made the acquisition on behalf of a separate account client. The 535 and 545 Bolyston St. properties are currently 92 percent leased. Both buildings were upgraded in 2009 and together total 184,222 square feet. The seller was undisclosed.

February 1, 2012

Northeast Office

LIFE INSURANCE COMPANY LEASES NEW OFFICE SPACE IN CONNECTICUT

by admin February 1, 2012

ENFIELD, CONN. — Symetra Life Insurance Co. has signed a 29,000-square-foot office lease at the LAN Executive Center, located at 1699 King St. in Enfield. The company is moving its South Windsor operations to the new space. Colliers International represtned the landlord while Cushman & Wakefield and Flinn Ferguson in Seattle represented Symetra.

February 1, 2012

Office Texas

LMI SECURES $18M FOR HOUSTON PROPERTIES

by admin February 1, 2012

HOUSTON — LMI Capital has arranged $18 million in refinancing for an office building and two apartment properties, all located in Houston. Jamie Mullin of LMI Capital's The Woodlands office arranged $5 million for the office building in a 9-year loan with a 25-year amortization through a life insurance company. Mullin also arranged $10 million for an apartment complex on Westheimer Road in a 10-year loan with a 30-year amortization schedule. Additionally, Mullin secured $3 million for another apartment complex in a 10-year loan with a 30-year amortization schedule.

February 1, 2012

Office Texas

NORTHMARQ ARRANGES $13M FOR OFFICE BUILDING

by admin February 1, 2012

SAN ANTONIO — NorthMarq Capital has arranged a $13 million first mortgage loan for the 114,433-square-foot The Oaks at University Park, an office park located in San Antonio. The property features tenants such as Allstate and Community First Health. William Luedemann of NorthMarq's Houston office arranged the 15-year loan with a 25-year amortization schedule through John Hancock Life Insurance Co. on behalf of the borrower, Building One Oaks.

February 1, 2012

Midwest Office

ROCK VENTURES TO CLOSE ON PURCHASE OF DETROIT'S FEDERAL RESERVE BUILDING

by admin January 31, 2012

DETROIT — Rock Ventures is closing on its purchase of the historic Federal Reserve building in Detroit, a 176,000-square-foot building that has sat vacant since 2004. Built in 1927, the building is located at 160 W. Fort St. The Federal Reserve Bank moved to a new building in 2004, leaving the property empty. Rock Ventures was formed by Dan Gilbert, chairman and founder of Quicken Loans. In the past year, Gilbert has purchased nine buildings, three parking structures and one parking lot in downtown Detroit. Gilbert broke the news of the Federal Reserve purchase during the opening of Rock Venture's $12 million renovation of the Madison Theater Building in Detroit. The building has been renamed The M@dison.

January 31, 2012

Northeast Office

TEQUESTA BUYS TWO OFFICE PROPERTIES FOR $22.8 MILLION

by admin January 31, 2012

MARLTON, N.J. — Tequesta Properties has acquired two Marlton-based office buildings from Brandywine Realty Trust for $22.8 million. Five Greentree Centre is a 165,956-square-foot office building at 525 W. Lincoln Dr. in the Greentree Corporate Centre. The second property, 30 Lake Center Dr., is a 40,287-square-foot office building located at 30 Lake Center Executive Pkwy. Both buildings were developed in 1986. Joe Sklencar of Grubb & Ellis represented both parties in the transaction.

January 31, 2012

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