Office

H3 BIOMEDICINE LOCATES IN ALEXANDRIA’S TECHNOLOGY SQUARE

by admin August 30, 2011

CAMBRIDGE, MASS. — H3 Biomedicine has leased 49,898 square feet of space at 300 Technology Square in Alexandria’s Technology Square in Cambridge. Alexandria’s Technology Square is located within the Kendall Square neighborhood and consists of seven laboratory and office buildings totaling approximately 1.2 million square feet. Cushman & Wakefield’s Juliette Reiter and Mark Winters represented the landlord, an affiliate of Alexandria Real Estate Equities, Inc., and H3 Biomedicine in the transaction.

August 30, 2011

OFFICE BUILDING IN WOBURN TRADES FOR $1.75M

by admin August 29, 2011

WOBURN, MASS. — Cabot Risk Strategies has purchased a 16,000-square-foot freestanding office building at 15 Cabot Rd. in Woburn for $1.75 million. James Stubblebine and David Stubblebine of The Stubblebine Company/CORFAC International represented the seller, Lumintron, LLC (also known as Agiltron Inc.), while Rob Cronin of Lincoln Properties represented Cabot in the transaction.

August 29, 2011

Office Texas

GRANITE PROPERTIES PURCHASES 240,000 SF OFFICE BUILDING IN TURTLE CREEK

by admin August 29, 2011

DALLAS — Granite Properties, Inc. has purchased a 240,088-square-foot Class A office building at 3333 Lee Pkwy. in the Turtle Creek submarket of Dallas. The property is more than 90 percent leased and sits across from Lee Park. CB Richard Ellis' Gary Carr, Russell Ingrum, Eric Mackey, Josh McAtor and Jack Fraker represented the seller, La Jolla, Calif.-based Equastone.

August 29, 2011

Office Western

XACTLY CORP LEASES 30,000 SF IN SAN JOSE

by admin August 26, 2011

SAN JOSE, CALIF. — Xactly Corporation has leased nearly 30,000 square feet at 225 West Santa Clara in Downtown San Jose. The sales solutions specialist will relocate its headquarters to the Class A office tower’s 12th floor later this year. Built in 2001, 225 West Santa Clara is currently more than 90 percent leased. Joshua Hitchcock serves as the regional director of leasing for Equity Office, the property’s owner.

August 26, 2011

Office Western

DIGITAL RIVER EXPANDS IN ALISO VIEJO

by admin August 26, 2011

ALISO VIEJO, CALIF. — Digital River has renewed and expanded its presence at 27081 Aliso Creek Road in Aliso Viejo. The global e-commerce firm’s lease expansion includes 12,326 square feet of office space. Brian Childs with NAI Capital’s Orange County office represented Digital River. The building’s owner, Menlo Equities, represented itself in the transaction.

August 26, 2011

Office Southeast

M&M ARRANGES $5.42M SALE OF BANK OF AMERICA OFFICE PLAZA

by admin August 25, 2011

HOLLYWOOD, FLA. — Marcus & Millichap has brokered the $5.42 million sale of the approximately 65,000-square-foot Bank of America Office Plaza, located at 4601 Sheridan St. in Hollywood. Douglas Mandel of Marcus & Millichap's Fort Lauderdale, Fla., office represented Emerald Hills Executive Plaza, the seller, in the transaction. Adler Realty Services represented the buyer, GRE Properties Sheridan Hills.

August 25, 2011

Midwest Office

FIFTH THIRD BANK EXPANDS TO 218,135 SQUARE FEET IN CHICAGO

by admin August 25, 2011

CHICAGO — Cincinnati-based Fifth Third Bank has renewed and expanded its lease at a 1.1 million-square-foot office building, located at 222 S. Riverside Plaza in Chicago. The company now occupies 218,135 square feet, including retail space on the first floor of the building and office space on the 29-34th floors. Behringer Harvard owns the property. Cal Wessman, Kevin Rogers and Brad Serot of CB Richard Ellis' Chicago office represented the tenant in the lease transaction.

August 25, 2011

Northeast Office

RECHLER EQUITY SIGNS CONTRACT TO ACQUIRE 200,000 SF OFFICE PROPERTY

by admin August 25, 2011

HAUPPAUGE, N.Y. — Rechler Equity Partners has signed a contract to acquire Standard Microsystems Corp.’s (SMSC) office facility at 80 Arkay Dr. in Hauppauge in an $18 million sale-leaseback transaction. SMSC will lease 120,000 square feet in the facility for a 15-year period. Gregg Rechler and Ted Trias represented Rechler Equity in house, and CB Richard Ellis’ Robert Godfrey represented SMSC. The Class A office property is located in the Hauppauge Business Park and will feature a café, a health club and 24/7 access.

August 25, 2011

Office Texas

1.3M SF OFFICE BUILDING IN DOWNTOWN DALLAS SOLD

by admin August 25, 2011

DALLAS — Elm Place, a 1,293,586-square-foot office property at 1401 Elm St. in downtown Dallas, has been sold. David Glasscock of Colliers International represented the owners of both the 43-story, 864,702-square-foot tower, SCI ROEV, and the owner of the lower nine stories comprising 428,884 square feet, LNR Partners. The buyers are investors from Eastern Europe. The 52-story building used to house First National Bank, but has been vacant since 2010 because of the recession.

August 25, 2011

Office Texas

FINANCE GROUP ACQUIRES ARLINGTON OFFICE BUILDING

by admin August 25, 2011

ARLINGTON — An affiliate of Southside Financial Group, a subsidiary of Southside Bank, has acquired a 19,475-square-foot office building at 700 W. Arkansas Ln. in Arlington. The one-story office building sits on a 5-acre parcel. Chase Bank occupies 9,617 square feet, and Southside Financial plans to occupy the remaining 9,858 square feet. SCM Real Estate Services’ Gary Walker and Renee Efimoff represented Southside, and CB Richard Ellis’ Bryan Graham represented the seller.

August 25, 2011

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