LIVONIA, MICH. — Crawford & Co. has signed a lease for 8,398 square feet of office space at 17197 Laurel Park Drive in Livonia. Crawford & Co. will occupy 6,933 square feet and Broadspire, a Crawford Company, will occupy 1,465 square feet at the property. Keith Grebinski of Friedman Real Estate Group represented the tenants in the transaction. NAI Farbman represented the landlord as a trustee.
PITTSBURGH, PA. — Keystone Property Group has completed the $53.5 million refinancing of Keystone Summit Corporate Park, a 101-acre, Class A office campus located in Pittsburgh. Developed between 1997 and 2002, Keystone Summit consists of five completed buildings and one building under development that total 704,474 square feet. The property is fully occupied by a tenant roster that includes Westinghouse Electric Co., Ericcson, Heinz North America, Siemens, Medco and Federated Investors. Matthew Pestronk and Christine Zivkovic of Ackerman-Ziff assisted Keystone in the refinancing. Matt Sigel and Jessica Jacobs provided in-house representation for Keystone, which was able to cash out two-thirds of its equity in the property as part of the refinancing. The loan was originated under the second generation of CMBS financing.
DALLAS — The Weitzman Group has arranged the sale of a 3,777-square-foot office building located at 4343 N. Central Expressway located in Dallas. The buyer is Laguarda-Low II LP, which consists of representatives of Laguarda Low Architects. The new property will be used to expand the offices of the architecture firm, which is headquartered next door. The seller is Lutz Office I LP. Greg McDonald and Eddie Liebman of The Weitzman Group handled negotiations.
GREENSBORO, N.C. — Laboratory Corp. of America Holdings has signed a lease for 72,000 square feet in the Meadowview Crossing office complex and will invest $4 million into the building during the next 3 years. The Greensboro property will eventually house 373 employees. The tenant received $248,791 in grants from Guilford County, $373,000 from the city of Greensboro and $275,000 from the One NC Fund. A number of organizations, including the Greensboro Economic Development Alliance and the N.C. Department of Commerce, assisted in the transaction.
PITTSBURGH — Burns & Scalo Real Estate Service has acquired Goodwill's Southwestern Pennsylvania headquarters building for approximately $6.5 million. The purchase includes a seven-story, 150,000-square-foot building located at 2600 E. Carson St. as well as several surrounding lots owned by Goodwill. Burns & Scalo plans to convert the structure into a 90-unit apartment building with 12,000 square feet of ground-floor retail space. In addition, Burns & Scalo will serve as Goodwill's construction representative in the interior build-out of its new headquarters building on 51st Street in nearby Lawrenceville, Pa. The apartment conversion will begin after Goodwill's new facility is complete, which should take 7 to 8 months. Completion of the apartment project is expected in late 2011. Goodwill's store at 2700 E. Carson St. will remain open.
NEW YORK CITY — Interior design firm MKDA, acting as interior designer, has completed the interior build-out for private equity investment firm Harvest Partners' new offices. The space is located on the 25th floor of 280 Park Avenue in New York City. MKDA created four partner offices with floor-to-ceiling windows as well as a boardroom that features a 20-person table. Work areas were also opened up, and glass and metal wall systems increase the amount of natural light entering the office. The elevator lobby was also upgraded with luxury finishes. MKDA also helped Harvest Partners curate the office's art collection.
CORONA, CALIF. — Faris Lee Investments has completed the $2.6 million sale of a Wells Fargo Bank building located at 11764 De Palma Rd. in Corona. Built in 2009, the 5,000-square-foot property is situated within The Shops at Sycamore Creek. Faris Lee’s Dennis Vaccaro and Richard Walter represented the seller, Orange County, Calif.-based Shops at Sycamore Creek LLC, in the transaction.
DULUTH, GA. — NCR Corp. has signed a lease renewal for 187,298 square feet and an expansion of 64,198 square feet with Satellite Realty Holdings. The deal extends NCR's original office lease by 6 years; the new lease will expire in 10 years and 9 months. The space is located at 2651 Satellite Blvd. in Duluth. John Shlessinger and John Ferguson of CB Richard Ellis represented NCR. Steve Morgan of Grubb & Ellis represented the landlord.
FAIRFIELD, IOWA — Pantheres LLC has purchased an 88,000-square-foot Class A office building in Fairfield. The Books are Fun division of Reader’s Digest sold the vacant property for an undisclosed price. The buyer plans to re-tenant the property. Kirk Hiland of NAI Iowa Realty represented both parties in the transaction.
GARDEN CITY, N.Y. — A joint venture between Metropolitan Realty Associates and Angelo Gordon & Co. has procured a $23.5 million loan for the refinancing of Business and Research Center at Garden City on Long Island. The property consists of two buildings totaling 188,500 square feet. It is located at 1000 Stewart Ave. and 500 Endo Blvd. in Garden City. At the time of closing, the property was fully occupied by a tenant roster that includes Lifetime Brands, Angion Biomedica Corp., Home Medical Equipment and Nassau Community College. The lender was M&T Bank and the terms of the loan were not disclosed.