WATERTOWN, MASS. — Jones Lang LaSalle (JLL) has brokered the sale of two office buildings located in Watertown. Situated at 480 Pleasant St. and 5 Bridge St., the four-story buildings contain a total of 203,395 square feet. Originally constructed for use as mills, the waterfront properties are part of an 11-acre business campus. They contain a total of 40,000 square feet of clean room space as well as 800 parking spaces. JLL’s Bill Bailey and Scott Jamieson represented the seller, Boston Scientific Corp. The buyer was Farley White Interests. JLL will also assume leasing responsibilities for the property.
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SOMERSET, N.J. — Prudential has disposed of a four building research and development campus located in Somerset. The buyer was an undisclosed investment group. The campus totals 174,892 square feet and is located on 24 acres at 101 Mettlers Road. It was most recently occupied by Exxon Biomedical but is now vacant. David Bernhaut, Gary Gabriel, Tom Walsh and Robert Donnelly, Jr., of Cushman & Wakefield represented the seller and procured the buyer. The acquisition price was not disclosed.
ARLINGTON, VA. — Holliday Fenoglio Fowler's (HFF) Washington, D.C. office has arranged a $100 million permanent loan for the future headquarters of Defense Advanced Research Projects Agency (DARPA) in Arlington. Located at 675 N. Randoplh St., the 13-story, 355,000-square-foot office project is the first phase of the 1.2 million-square-foot Founders Square mixed-use development. The Sooshan Company is handling the development of the facility, which is designed by RTKL. Completion is scheduled for 2012. Bill Asbill, Bob Donhauser and Dan McIntyre of HFF represented the borrower, Ashton Park Associates I, to secure the 15-year, fixed-rate loan from Prudential Mortgage Capital Co.
STERLING HEIGHTS, MICH. — Dynamic Lawn & Landscaping has acquired a 14,400-square-foot space in Sterling Heights for undisclosed price. The company plans to relocate its headquarters to the new location at 6450 Sims from Shelby Township, Mich. Chris Steele and Jason Capitani of L. Mason Capitani CORFAC International represented the seller, J&L Land Co., in the transaction.
BROOKLYN HEIGHTS, OHIO — Einheit Electric Construction Co. has acquired a 14,760-square-foot building, located at 239 Brookpark Road in Brooklyn Heights. Einheit plans to remodel the property and lease a portion of the building for additional revenue. Eliot Kijewski of CRESCO Real Estate represented the undisclosed seller and buyer in the transaction.
PARSIPPANY, N.J. — CB Richard Ellis (CBRE) Realty Trust has purchased the Deloitte building in Parsippany. The seller is a joint venture between The Hampshire Companies, Mack-Cali Realty Corp. and J.P. Morgan Asset Management. The property is a five-story, 175,000-square-foot office building, which was built in 2007. It is located at 100 Kimball Drive within the 90-acre Centre of Morris County office campus. Deloitte occupies the entire building through 2020. Adam Spies of Eastdil Realty represented the sellers in the deal. The purchase price was not disclosed.
CONROE – An investment partnership sponsored by Houston-based Vista Equities Group has acquired a 39,000-square-foot office building located at 333 N. Rivershire Dr. in Conroe. The property was 50 percent occupied at the time of acquisition. Vista Equities Group plans expansive renovations and Robert Graham of The Marion Franke Team in Conroe will serve as the building’s leasing agent. Woody Mann of Vista Equities Group negotiated the property acquisition, while James Coleman of First National Bank handled the financing.
COLUMBIA, MD. — Chicago-based Romanek Properties, in partnership with Chicago-based Syndicated Equities, has purchased 7700 Montpelier Road in Columbia for $7.25 million. The single-story, 43,785-square-foot office building is fully leased to John Hopkins University. Jon Carpenter, Jay Wellschlager and Philip Iglehart of Cassidy Turley's Capital Markets Group represented the seller, CSG Partners, in the transaction.
NEW YORK — IMS Health Transportation Corp. has leased 14,206 square feet of space at 485 Lexington Avenue, a 31-story, 921,370-square-foot office building in New York. The company will occupy the entire 26th floor of the building. Lisa Kiell of Jones Lang LaSalle Brokerage represented the tenant; David Kaufman provided in-house representation for the building owner, SL Green Realty Corp., in the 10-year lease transaction.
NEW YORK CITY — Modis Inc. has signed a 10-year lease for 21,677 square feet of office space at 521 Fifth Avenue in New York. The 371,601-square-foot property is also occupied by Alexander & James, Nippon Life Insurance and Royal Healthcare. Sloan Rhulen of CB Richard Ellis represented Modis; Amy Schustek provided in-house representation for the landlord, SL Green Realty Corp., in the transaction.