NEW YORK CITY — OppenheimerFunds has signed a 15-year lease for 235,342 square feet at Two World Financial Center a 44-story, 2.3 million-square-foot office tower located in Lower Manhattan. The firm had previously been subleasing the space, which comprises a portion of the building's 10th floor and all of the 11th, 12th, 14th and 16th floors. The Cushman & Wakefield team of Stuart Romanoff, Amy Fox, Robert Constable and Maureen Kelly represented the tenant in lease negotiations. The landlord, Brookfield Properties, was represented in-house by Jerry Larkin and Duncan McCuaig.
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SILVER SPRING, MD. — An investment group aligned with Adventist Healthcare has acquired a five-story, 17,000-square-foot office building in Silver Spring. Located at 8807 Colesville Road, the nearly vacant property sold for $3.5 million. Chris Kubler and Travis Glennon of NAI KLNB represented the seller, Jose F. Bonelli; Larry Walker of The Walker Group represented the buyer in the transaction.
BALTIMORE, MD. — TidalTV has signed a lease for 16,000 square feet of office space at The Offices at McHenry Row in Baltimore. The company plans to relocate to the new space from its current property in Canton, Md., by April. Joe Nolan of NAI KLNB and Tim Jackson of Cushman & Wakefield represented the developer and landlord of the project, Mark Sapperstein; David Fields of CB Richard Ellis represented the tenant. The Office at McHenry Row is the office component of the 175,000-square-foot, mixed-use McHenry Row project, which is located near the intersection of Key Highway and East Fort Avenue in Baltimore's Locust Point district.
LOS ANGELES — Committing to its 15th new location in the past 22 months and its 24th location in Los Angeles County, Premier Business Centers will set up shop at the prestigious AT&T Center, located at 1150 South Olive Street in the City of Angels. Opening at the end of February on the 20th floor of the 32-floor skyscraper, PBC's new executive suite will feature 39 offices and two conference rooms. Companies renting in the 10,319-square-foot facility will share the use of a receptionist, a mailroom, a waiting area and kitchen/lounge/cafe.
MESA, ARIZ. — Colliers International has negotiated the $3.4 million acquisition of the 67,208-square-foot Pennington Place, a two-story, garden office building located at 1855 W. Baseline Road in Mesa. Colliers’ Todd Noel represented the buyer, Community Bridges, in the transaction, and Cassidy Turley BRE Commercial’s Steve Lindley, Robert Buckley and Tracy Cartledge represented the local seller, The Cardon Group. The private non-profit organization’s corporate headquarters will occupy 20,000 square feet; 56 percent of Pennington Place is currently leased.
ST. CLOUD, MINN. — NorthMarq Capital has arranged $6 million in first mortgage financing for Cold Spring Center in St. Cloud. Located at 4150 Second St. South, the building offers 77,634 square feet of office space. Financing was based on a 10-year term and was arranged for the borrower by NorthMarq's relationship with Sun Life Assurance Co. of Canada. Patrick Minea of NorthMarq's Minneapolis Regional office secured the financing.
WHIPPANY, N.J. — A partnership between Vision Equities and Rubenstein Partners has purchased Alcatel-Lucent's former campus in Whippany. Located on 194 acres at 67 Whippany Road, the property consists of 15 office, laboratory and support buildings. The 1.4 million-square-foot campus was vacant at the time of the sale. The Cushman & Wakefield team of David Bernhaut and Robert Donnelly, Jr., represented the seller and procured the buyer. The acquisition price was not released, but it recently appraised for more than $42 million.
ASHLAND, VA. — Showcase Woodworking Ltd. has completed the disposition of a 115,000-square-foot office/warehouse facility in Ashland. Christen & Anne Nelson acquired the property, which is located at 100 Haley Road, for $2.2 million. Robert Porter Jr. and Kevin Cox of Porter Realty Co. represented the seller; Richard Porter, also of Porter Realty Co., represented the buyer in the transaction.
MOUNTAIN VIEW, CALIF. — Cassidy Turley BT Commercial Palo Alto has presided over the $8.55 million investment sale of a 23,611-square-foot Class A office building, located at 800 California Street in downtown Mountain View. The three-story, multi-tenant building was fully leased at the time of trade. In the transaction, Cassidy Turley’s Brian Henry, Kalil Jenab and Mike represented both the buyer and seller, Menlo Park, Calif.-based Peninsula Land & Capital LLC and 800 California LLC, respectively.
SAN DIEGO — Jones Lang LaSalle has closed a $13.5 million lease renewal and expansion at the San Diego Tech Center, a landmark, Class A complex located at 9645 Scranton Road in the Sorrento Mesa area of San Diego. The new 60-month lease totaling more than 96,000 square feet renews Novatel Wireless’ commitment for four suites at the property and adds 20 percent more space. Jones Lang LaSalle’s Jay Alexander, Chad Urie and Tim Olson represented MPG Office Trust – San Diego Tech Center in the transaction, and Cushman Wakefield’s Dennis Hearst and David Viani represented the tenant. The San Diego Tech Center includes a five-acre Japanese garden and an on-site Karl Strauss Brewery.