DALLAS — Marcus & Millichap has completed two Dallas sales. The first deal involved the sale of a 14,922-square-foot office building located at 6105 Windcom Court. The property is fully occupied, mostly by medical office tenants. Patrick Giles and Craig Lewin of Marcus & Millichap's Dallas office represented the seller, a local partnership, and procured the buyer, a local limited liability company. The second deal consisted of the sale of a 14,000-square-foot industrial building located at 1940 W. Northwest Highway. The building is currently vacant, but the tenant still has 1.5 years remaining on a triple-net lease. Scott Ryan of Marcus & Millichap's Dallas office and Steve Sauter of the firm's Palo Alto, Calif., office represented the seller, a California-based investor. The buyer was an undisclosed party out of San Antonio.
NEW SMYRNA BEACH, FLA. — Orlando-based Roger Kennedy Inc. is renovating the Bert Fish Business Center in New Smyrna Beach for Bert Fish Medical Center. The $1 million, 11,284-square-foot project is located at 401 S. Dixie Freeway. The former bank building will serve as office space for hospital administrative employees. Completion is slated for November.
JACKSONVILLE, FLA. — Adecco Group North America has signed a long-term lease for office space at Deerwood South business park, which is located at 10151 Deerwood Park Blvd. in Jacksonville. Adecco is leasing 78,292 square feet at the park, which is owned by Flagler. Jim Sebesta of Grubb & Ellis/Phoenix Realty Group represented Adecco; Gary Cox provided in-house representation for Flagler in the transaction. Terms of the lease were not disclosed.
LINCOLN, NEB. — Omaha-based Venture DST has acquired Farnam Tech Center, an office property located at 10826 and 10842 Farnam Dr. in Lincoln. Ameritas Life Insurance Corp. sold the property for $18 million. The two-building center offers 118,612 square feet of office space and a 383-stall parking garage. Built in 1986, the fully occupied buildings are anchored by TD Ameritrade, which leases 70 percent of the asset. Mark Seger of CB Richard Ellis|Mega represented the buyer; Richard Meginnis and Tom Graf of NAI FMA represented the seller in the transaction.
ENFIELD, CONN. — LEGO plans to expand its North American headquarters in Enfield. The Danish toy maker will build an additional 80,000 square feet within Enfield Business Park that will house direct-to-consumer retail operations, finance operations, consumer services and facilities management. The new space will also feature an indoor atrium/garden and a gathering place for meals, meetings and social functions. Construction will begin in the coming weeks and be complete by March 2011. LEGO has used Enfield Business Park as its North American headquarters for the past 35 years. Up until a few years ago, the park also housed the company's manufacturing and distribution operations, which have since moved overseas.
COLLEYVILLE, TEXAS — Stream Realty Partners has arranged the acquisition of a 2,500-square-foot office property at 5209 Heritage Ave. in Colleyville. The buyer, Bishop and Chen Orthodontics, is currently located in Bedford, Texas, and will relocate in August. Russell Webb of Stream represented the buyer, and Bill Jordan of Moss Jordan represented the seller, TAK Enterprises
SORRENTO VALLEY, CALIF. — San Diego-based Chembridge Corp. has acquired unit 206 at Venture Sorrento Valley Office Park, which is located at 11189-11199 Sorrento Valley Road in Sorrento Valley. The 4,992-square-foot flex condominium property sold for $998,400. Phillip Linton of Cassidy Turley BRE Commercial represented the buyer and the undisclosed seller in the transaction.
WARREN, N.J. — The Hampshire Companies has acquired a 129,000-square-foot flex property in Warren for an undisclosed amount. The building is situated on 15 acres at 150 Mount Bethel Road. It contains 76,000 square feet of office space and 53,000 square feet of warehouse space. Anadigics is currently the building's only tenant, and it occupies 6,200 square feet of space. David Bernhaut of Cushman & Wakefield represented the undisclosed seller.
BOSTON — Fantini & Gorga has arranged $3.5 million in non-recourse financing for a Boston office property. The building totals 16,650 square feet. The terms of the loan were not disclosed, but the debt was non-recourse. Wayne Clough, Mark Whelan and Heather Baldassari placed the loan with Lincoln Financial Group on behalf of the undisclosed borrower. StanCorp Mortgage Investors originated the loan.
NORTH READING, MASS. — Kiva Systems has signed a lease with a joint venture between DivcoWest and Taurus Investment Holdings for 163,415 square feet of office space at 300 Riverpark Dr. in North Reading. The property was constructed in 1992 and totals 206,000 square feet. It contains on-site food service, a fitness center and child care. Kiva will be relocating its headquarters to the new building from Woburn, Mass. David Pergola, Mark Reardon and Jason Levendusky of CB Richard Ellis represented the landlord in lease negotiations. Brooks Murphy and Sean Lynch of Jones Lang LaSalle represented the tenant.