VANCOUVER, WASH — Lionbridge Technologies has signed a five-year lease for 34,000 square feet of flex space at Columbia Center. This transaction follows Hewlett Packard’s lease agreement for 160,000 square feet at the center, which was signed in late 2010. Lionbridge, which is a provider of testing solutions for technology applications and Web content, is a contractor for laboratory services for HP. Paul Carlson and Tom Usher from Cushman & Wakefield’s Portland, OR, office represented Columbia Center’s owner, PacTrust Realty. Lionbridge Technologies was represented by CresaPartners.
BALTIMORE — PNC Financial Services Group has leased 119,000 square feet of space at One East Pratt Street in Baltimore. The company will relocate there in July 2012 from its current Baltimore location at Two Hopkins Place. In addition to office space, the lease includes 7,000 square feet on the first floor for a PNC Bank. Kevin Wille of CB Richard Ellis' Baltimore office represented the landlord, a joint venture between Griffith Properties and Fremont Realty Capital, and Courtenay Jenkins of Cushman & Wakefield's Baltimore office and John Hennessey of GVA/Williams represented the tenant.
NEW YORK CITY —Coty has leased an additional 101,736 square feet of space at the Empire State Building to consolidate its North American headquarters. Coty already occupies 86,000 square feet at the building and will expand in April 2012 when it relocates from One Park Avenue and Two Park Avenue. Ralph Giordano and Richard Bernstein of Cassidy Turley's New York City office represented the tenant in the negotiations and Ryan Kass, William Cohen and Lauren Davidson of Newmark Knight Frank's New York City office represented the landlord, W&H Properties, which is supervised by Malkin Holdings.
NATICK, MASSACHUSETTS — Boston-based EagleBridge Capital has arranged $3 million permanent mortgage financing for the 59,500-square-foot office building 313 Speen Street in Natick. Tenants include Battelle Memorial Institute, MetroWest Orthopedics and Sports Medicine, Nasuni Corp., Clinivation and Bright Horizons Child Care Center. Ted Sidel and Brian Sheehan secured the loan through a regional financial institution.
AUSTIN — Stream Realty Partners — Austin, L.P., a full-service real estate investment, development and services company, has purchased Plaza 35 from a special servicer. Located in the north Austin submarket, the office property is situated close to Interstate 35 and Parmer Lane at 12234 N. I-35 and is 35 percent leased. HFF brokered the sale.
ROCK HILL, MO. — ARCO Construction Co. is advancing construction for its new $3.9 million headquarters. The new office will be a two-story, 27,300-square-foot building located at 900 N. Rock Hill Road in Rock Hill. The company will relocate to the larger space from its previous headquarters at 1750 South Brentwood in Brentwood, Mo. GMA Design is serving as project architect. In addition to its headquarters, ARCO maintains offices in St. Louis; Kansas City, Kan.; Chicago; Cincinnati; Philadelphia: Atlanta; and Tampa, Fla.
NEW YORK CITY — Newton, Mass.-based Government Properties Income Trust (GOV) has acquired a 187,060-square-foot building in New York City for $114 million. The building is 100 percent leased to the United Nations. The purchase was funded by using cash on hand and drawings under GOV's revolving credit facility.
BOSTON, MASS. — Colliers International has secured a $25 million bridge loan for the 223,445-square-foot, 11-story Two Oliver Street, a Class A office building, located in the center of the Financial District in Boston. Kevin Phelan, Stephen Horan and Ryan Bradley of the Boston office represented the borrower, P6/Saracen Two Oliver Real Estate, a joint venture between Saracen Properties and AEW Capital Management, L.P. Webster Bank, the main subsidiary of Webster Financial Corp., financed the transaction.
CLAREMONT, CA – Colliers International has sold a 16,496-square-foot office building for $4 million. Located at 358-398 W. Foothill Blvd., the building was originally constructed in 1958 and has since undergone two remodels. Han Chen, a senior associate in Colliers’ Downtown Los Angeles office, represented the buyer. NAI Capital’s Cheryl Pestor represented the seller, Community Commerce Bank.
OXNARD, CA – DeVry and NewLeads have signed leases for space at the 600,000-square-foot Topa Financial Plaza. DeVry, a professional school, will occupy 15,000 square feet at 300 E. Esplanade Dr. starting in July. NewLeads, which provides management solutions and trade show lead retrieval software, will occupy 7,000 square feet at 400 E. Esplanade Dr. beginning in August. DeVry was represented by Newmark Knight Frank. NewLeads was represented by Bill Kiefer and Steve Doll of NAI Capital’s Ventura County office. Kiefer and Doll also represented the plaza’s owner, Topa Management, in both leasing transactions.