BRAINTREE, MASS. — A joint venture between Braintree, Mass.-based Campanelli Cos. and Dallas-based TriGate Capital has acquired an eight-property distressed real estate portfolio located in eastern Massachusetts and southern New Hampshire. The properties include a 137,000-square-foot office building located at 9 Townsend Drive West in Nashua, N.H.; a 60,068-square-foot flex property and a 25,000-square-foot office property located in Wilmington, Mass., at 261 and 255 Ballardvale St., respectively; a 49,500-square-foot flex property located at 5 Cornell Place in Wilmington, Mass., and a 39,727-square-foot flex property located at 10 Cornell Place; and 44,804- and 42,291-square-foot office buildings located in Billerica, Mass., at 700 and 900 Technology Park Drive, respectively. The Eastdil Secured team of James McCaffrey, Peter Joseph, Christopher Phaneuf and Brian Barnett represented the receiver in the sale. In addition, the joint venture acquired a ninth property, a 101,060-square-foot flex building located in Westwood, Mass., from Analog Devices. In this deal, Taryn Wilson of Grubb & Ellis represented the joint venture, and Adam Subber of CresaPartners represented Analog.
NEW YORK CITY — Seward & Kissel has renewed and expanded its lease at One Battery Park Plaza in Lower Manhattan. The law firm renewed its lease for five floors for an additional 20 years while adding a sixth floor, which brings its total leased space to 150,000 square feet. The firm now occupied floors 19 through 24 of the 35-story, 800,000-square-foot tower. The CB Richard Ellis team of Brian Gill, Lewis Miller, Richard Levine and Andrew Sussman represent the tenant in lease negotiations. Tom Keating of Rudin Management Co. represented the landlord, a joint venture between the Rudin Family and Rose Associates.
HOUSTON — Walton Street Capital has put Houston's Galleria Office Towers on the market for sale. The three Class A buildings contain approximately 1.1 million square feet of space and are currently 90 percent occupied. The buildings are connected to the Galleria mixed-use development, which also contains 2.3 million square feet of retail space and two Westin hotels. Robert Williamson of the Houston office of Holliday Fenoglio Fowler will lead the brokerage team on behalf of Walton Street. The properties are being offered without an asking price free and clear of debt.
SAN DIEGO — BioMed Realty Trust has purchased a 49,347-square-foot Class A office building, located at 10240 Science Center Drive in San Diego’s Torrey Pines submarket, from Trammell Crow Co. for $17.75 million. CB Richard Ellis’ Louay Alsadek, Evan August, Ryan Egli and Matt Nickels represented both the buyer and the seller in the transaction. Built in 2002 and 100 percent leased to eBioscience, the two-story building is the corporate headquarters for the privately held life-science/biotech company.
INDIANAPOLIS — BPG Properties Ltd. has completed the disposition of 8480-8520 Keystone Crossings, a three-building office and retail property in Indianapolis. PWA Keystone Crossing LP, an affiliate of PWA Real Estate, acquired the 117,276-square-foot property sold for $15.5 million. Rebecca Wells of Cassidy Turley's Indianapolis office represented the seller, BPG, in the transaction.
HOUSTON — Energy Crossing, a 239,166-square-foot, Class A Houston office building has sold to Lincoln Property Co., on behalf of a public pension fund client for an undisclosed amount. M&I Bank sold the property and was represented by Holliday Fenoglio Fowler's Dan Miller, real estate analyst Trent Agnew, and Adam Jackson and Stewart Lyman of Stream Realty Partners. Located in Houston's Energy Corridor submarket, Energy Crossing was completed in 2009 and has six floors of office space plus a four-story, 900-space parking garage.
RICHARDSON — Eclipse Electronic Systems has leased 24,403 square feet of office/flex space at Richardson Technology Center at 1551 N. Glenville Dr. in Richardson from Richardson Technology Properties. Sharon Friedberg of Bradford Commercial Real Estate Services and Nick Rossini of UGL Equis represented the tenant, while Mark Aston of Maverick Commercial Real Estate represented the landlord.
TAMARAC, FLA. — Chris Caveglia of Dockerty Romer & Co. has arranged a $2.2 million loan for Tamarac Commons, an office property in Tamarac. Located at 7300 and 7310 W. McNab Road, the property is comprised of two two-story, 27,878-square-foot buildings. The financing was arranged through a local lender with a 5-year term and a 25-year amortization schedule. The borrower was not released.
INDIANAPOLIS — ExactTarget has signed a lease for 22,064 square feet of office space at The Century Building, which is located at 36 S. Pennsylvania St. in Indianapolis. Terms of the lease were not released. Jenna Barnett of Halaker Real Estate represented the tenant; Matt Langfeldt and Rich Forslund of NAI Olympia Partners represented the landlord, Blue Real Estate, in the transaction.
SOMERSET, N.J. — CB Richard Ellis (CBRE) has brokered the sale of a 162,756-square-foot office building in Somerset. The building is situated on 8.97 acres at 580 Howard Ave. The buyer, Oticon Inc., plans to consolidate two of its facilities into the property to create its new U.S. headquarters. The CBRE's Geoffrey Schubert and Sean Morley represented the buyer. The CBRE team of Jeffrey Dunne, Kevin Welsh and Brian Schulz represented the undisclosed seller. The acquisition price was not released.