WILMINGTON, DEL. — Bellevue Realty Co. has brokered the sale of two office buildings located in Wilmington. In the first transaction, Barbieri Holdings purchased a 4,500-square-foot property located at 109 W. 7th St. from Michael and Lisa Pedicone. Kevin McGonegal of Bellevue Realty represented the sellers and Anthony Medori of White Real Estate represented the buyers. Bellevue also arranged the sale of a 3,500-square-foot building and an adjoining parking lot located that are located at 715-719 N. Tatnall St. Bellevue Realty's Marvin Sachs and William Fincher represented the sellers, Children and Families First Delaware Inc. McGonegal represented the buyer, 715-719 N. Tatnall Street LLC. The acquisition prices in both transactions were not disclosed.
KENNESAW, GA. — A Montreal, Quebec-based party has purchased a 51,398-square-foot office building from a Florida-based investor for $9.65 million. Located at 1015 Cobb Place Blvd. in the Barrett Park Office Park in Kennesaw, the property is fully leased to Aaron Inc. Coro Realties' Ivan Copot represented the buyer. Jim Gibson of Stan Johnson Co.'s Houston office represented the seller.
MADISON, WIS. — T. Wall Properties has completed the development of a three-story office building, which is located within American Center on the eastside of Madison. The estimated $5.2 million, 45,000-square-foot property will be named after Johnson Bank, which will occupy the first floor. Horizon Construction Group is expected to occupy the third floor of the building. The facility features a fitness center with shower rooms, underground parking and a boardroom for tenant use. Additionally, the building features green elements, including high-performance floor-to-ceiling windows, waterless urinals, dual-flush toilets, low-flow faucets and a computerized HVAC control system. Plunkett Raysich Architects designed the property.
ROLLING MEADOWS, ILL. — Grubb & Ellis has brokered the sale of a 48,000-square-foot office property, which is located at 2900 Golf Road in Rolling Meadows. Jani-King purchased the property for an undisclosed price. The buyer plans to occupy 15,000 square feet of the building and market the remaining 33,000 square feet for lease. In addition to the 48,000 square feet of office space, the building offers a 28,000-square-foot basement. The sale also included an adjacent 3.5-acre land parcel. Grubb & Ellis’ Craig Cassell and Jim Ward represented the buyer, while the firm’s Vince D’Amico and Dirk Riekse represented the undisclosed seller.
ARLINGTON, VA. — Ashton Park Associates I has borrowed a $98 million loan for the 352,740-square-foot Defense Advanced Research Projects Agency headquarters, which is currently being constructed in Arlington. The 13-story office building, located at 675 N. Randolph St., will deliver during the first quarter of 2012. Clark Construction Group is serving as general contractor; the property was designed to achieve LEED Gold status by RTKL.
FORT WAYNE, IND. — Universal Education Foundation has purchased 11,000-square-foot property in Fort Wayne for an undisclosed price. Situated on 7 acres at 2223 Goshen Road, the property was sold by Star Financial. Karen Spake and Carolyn Spake-Leeper of CB Richard Ellis/Sturges represented both parties in the transaction.
CAMBRIDGE, MASS. — Microsoft Corp. has completed a 43,500-square-foot renovation project at its New England Research & Development Center, which is located at One Memorial Drive in Cambridge. The project included the removal of some floor slab space to create a two-story assembly space. This space also includes a monumental stair connecting the buildings 10th and 11th floors, a kitchen and an interior garden. Several sustainable measures were used in the project, which is seeking LEED-Commercial Interiors certification, including construction waste diversion and recycling, the use of recycled carpeting, and energy-efficient lighting. The general contractor for the project was Turner Construction Co. and the architect was TRO|Jung Brannen. Jones Lang LaSalle was the project manager.
TARRYTOWN, N.Y. — Regeneron Pharmaceuticals has leased 131,000 square feet of laboratory and office space from BioMed Realty Trust. The property is located on The Landmark at Eastview campus in Tarrytown. The space, which was completed 2 months ago, will serve as Regeneron's headquarters. The lease expires June 30, 2023.
SANTA CLARA, CALIF. — Holliday Fenoglio Fowler L.P. (HFF) has brokered the $90.52 million sale of Bayshore Data Center in Santa Clara. Located at 1350 Duane Ave. and 3080 Raymond St., the two-building, 185,000-square-foot complex is fully leased. HFF’s Bryan Ley, John Crump, Gerry Rohm and Zane Sweet represented Inland Western REIT in its sale of the property to Digital Realty Trust Inc.
NEW YORK CITY — Jones Lang LaSalle (JLL) has brokered a 213,231-square-foot lease at Black Rock, a 980,000-square-foot office tower located at 51 W. 52nd St. in New York City. The tenant is Orrick, Herrington & Sutcliffe LLP, which will be occupying the 11th through 16th floors and the 21st through 23rd floors. It is relocating its office from the nearby 666 Fifth Avenue building. The landlord, CBS Broadcasting Inc., was represented by Peter Riguardi, Frank Doyle, Barbara Winter and Andrew Flint of Jones Lang LaSalle. Barry Gosin and Moshe Sukenik of Newmark Knight Frank represented the tenant. The lease carries a 15-year term.