WASHINGTON, D.C. — Lerner Enterprises and The Tower Companies have begun renovations to Washington Square, a 1 million-square-foot office tower located at 1050 Connecticut Ave. in Washington. Construction will include new glazing on ground-level windows, new full-height revolving glass entrance doors, new architectural glass and stainless steel canopies that incorporated LED technology, streetscape improvements, high-definition LED message boards, elevator lobby renovations, garage valet area and main parking level lobby renovations, and a modernized security infrastructure. The Washington office of Gensler Associates is the project architect, and Falls Church, Va.-based HITT Contracting is the general contractor. Completion is slated for summer 2010. Lerner and Tower first developed Washington Square in 1982.
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SHAKER HEIGHTS AND BOWLING GREEN, OHIO — Salt Lake City-based SilverLeaf Financial has acquired two commercial real estate properties in Ohio. The first acquisition is a 20,000-square-foot office complex located in Shaker Heights. The face value of the property’s loan is $1.35 million. The second acquisition is Woodland Mall, a regional retail shopping center in Bowling Green. Tenants of the approximately 300,000-square-foot mall include Sears, Famous Footwear, Cinemark, Dunham’s Sports and Elder-Beerman. The shopping center has a face value of $8.9 million.
INDIANAPOLIS — National Government Services has leased 149,255 square feet of office space at Castleton Park in Indianapolis. The lease was valued at $10.89 million. Jim Teskey and Allen Trowbridge of CRESA Partners represented the tenant; David Moore and Darrin Boyd of Colliers Turley Martin Tucker – Indianapolis represented the landlord, Brookfield Real Estate Opportunity Group, in the transaction.
MT. POCONO, PA. — Coldwell Banker Commercial (CBC) Pennco Real Estate has completed the sale of an office building located in Mt. Pocono. The three-story property contains approximately 25,000 square feet of space and is situated at 4 Fork St. Spiros Bilianis and Robert Boehning of CBC Pennco negotiated the transaction between the seller, a northeastern Pennsylvania regional lending institution, and the buyer, East Stroudsburg, Pa.-based Dein Properties. The acquisition price was not disclosed.
CERRITOS, CALIF. — The Abbey Company has acquired the 465,000-square-foot Cerritos Corporate Center, a commerce park consisting of seven multi-tenant office and industrial buildings located in Cerritos. Currently 97 percent leased to 11 tenants, the property was sold by an institutional owner to The Abbey Company in an all-cash transaction. The Abbey Company’s Kurt Kaufman presided over the company’s acquisition process.
JACKSONVILLE, FLA. — Comcast of Greater Florida/Georgia has signed a 106,253-square-foot lease with Flagler for space in Deerwood North, located at 4600 Touchton Rd. in Jacksonville. Four buildings totaling 500,000 square feet comprise the business park. Comcast will move into four floors in the property early next year. Ross Carrier served as in-house representation for Flagler. David Fahey of Binswanger represented Comcast.
DOWNERS GROVE, ILL. — Dover Corp. has inked a lease for 68,000 square feet of space at 3005 Highland Ave. within Highland Landmark V in Downers Grove. The firm plans to consolidate its four segment headquarters and its New York-based headquarters into the new facility. Move-in is slated for completion by summer 2010. Robert Sevim, Jon Azulay and Joseph Learner of Studley represented the tenant; Gary Fazzio of Grubb & Ellis, along with in-house representative Grady Hamilton, represented the landlord, Opus North Corp., in the transaction.
MIDDLETON, WIS. — Madison, Wis.-based Casimir Jones S.C. has leased 9,599 square feet of office space at 2275 Deming Way in Middleton. The intellectual property law firm will join tenants Aniu Spa and Park Bank in Livesey Co.’s Discovery Springs development. Randy Whitson and Jared Flesch of Lee & Associates brokered the transaction. Additional terms of the lease were not disclosed.
AURORA, COLO. — Northstar Commercial Partners (NCP) has acquired the 6-story, 204,019-square-foot Cherry Creek Place II, located at 3190 S. Vaughn Way in Aurora. Cushman and Wakefield’s Mike Winn, Tim Richey and Chad Flynn represented the undisclosed seller in the transaction.
SAN DIEGO — Kaiser Permanente has purchased a six-story, 175,000-square-foot building at Sudberry Properties’ Class A, LEED Silver-certified Terraces at Copley Point office campus in the Kearny Mesa neighborhood of San Diego. Located just off Interstate 805 and Highway 52, the two-building, 380,000-square-foot campus includes an adjacent three-story parking structure that can accommodate 1,073 cars.