MIAMI — Eric Groffman of Transwestern's Miami office has completed five leases totaling 96,463 square feet at the 782,210-square-foot Miami Center, a Class A office property located at 201 South Biscayne Blvd. in Miami. The leases include: a 41,892-square-foot new lease for Morgan Stanley Smith Barney, which includes a 19,104-square-foot expansion; a 23,544-square-foot renewal for Regus Business Centers; a 14,722-square-foot new lease for Jones Walker; a 10,583-square-foot new lease to Apex Brasil; and a 5,722-square-foot new least for David B. Haber, P.A. Transwestern is the leasing advisor for the property on behalf of the owner, Sumitomo Corp. of America.
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MENOMONEE FALLS, WIS. — Scion Asset Management dba Scion Dental has purchased a 35,503-square-foot office building located within Menomonee Falls Industrial Park in Menomonee Falls. The seller was Olson Capital Investments. Scion plans to use the facility as its headquarters. Kevin Barry of Milawukee-based Cassidy Turley Barry represented the buyer. Steven Provancher and Brett Garceau of MLG Commercial represented the seller. The acquisition price was not disclosed.
NEW YORK CITY — Net-A-Porter has signed a 32,144-square-foot lease at 100-104 Fifth Ave. in New York City. This is the first United States location for the U.K.-based company. Grant Greenspan, Michael Kaufman and Elliot Warren of New York City-based The Kaufman Organization represented the landlord, and Owen Hane of Cushman & Wakefield's New York City Midtown office represented the tenant.
LAS VEGAS — MIG Real Estate has purchased the 116,000-square-foot Desert Inn Office Center business park for an undisclosed sum. This is the fourth Las Vegas purchase the Newport Beach, CA-based firm has made since October 2010. The four multi-tenant office buildings are located at 2725-2795 Desert Inn Road. CBRE's Charles Moore, Christina Roush and Marlene Fujita represented the seller. MIG represented itself.
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.