Office

RXR REALTY COMPLETES LONG-TERM LEASE AT UNIVERSITY SQUARE

by admin July 24, 2009

PRINCETON, N.J. — RXR Realty has completed a 67,531-square-foot, long-term lease with Otsuka America Pharmaceutical at University Square in Princeton. The lease is for a newly completed 313,000-square-foot Class A office building. Otsuka will occupy the entire top floor, which will consolidate and expand its East Coast operations from two separate existing facilities into one corporate headquarters. The building features a two-story atrium lobby, a health club, teleconferencing and training facilities and a full-service cafeteria. Otsuka was represented by Jane Monie and Lori Gaffney of Triad Realty, and David Simson represented RXR in-house in the transaction. University Square currently has approximately 245,469 square feet of available Class A office space.

July 24, 2009

GRUBB & ELLIS BROKERS TWO TRANSACTIONS IN LOS ANGELES

by admin July 24, 2009

LOS ANGELES — The Grubb & Ellis Los Angeles offices have completed two transactions in the area. In the first transaction, MNM Group sold an 8,000-square-foot office complex, which is located at 1721-1725 Victory Blvd., for $1.8 million to The Witkin Family Trust. Darren Cline, George Stavaris and Colette Ramirez of Grubb & Ellis’ North Los Angeles office represented both parties. In the second transaction, Dana Brody of Grubb & Ellis’ West Los Angeles office represented the undisclosed seller in the $1.3 million disposition of 1234 North Virgil Avenue, a nine-unit multifamily property. Matt Artukovich of Lee & Associates represented the undisclosed buyer.

July 24, 2009

Office Western

BRISTOL GROUP LEASES 36,223 SQUARE FEET TO GSA AT ALII PLACE

by admin July 24, 2009

HONOLULU — Bristol Group has leased 36,223 square feet of office space at Alii Place in Honolulu to U.S. General Services Administration (GSA). GSA will occupy space on the 12th and 22nd floors of the 24-story, 340,000-square-foot building. Matthew Bittick of PM Realty Group represented the landlord in the lease transaction, which has a term of 10 years.

July 24, 2009

Office Southeast

100,000 SQUARE FEET LEASED AT FLAGLER STATION

by admin July 23, 2009

MIAMI — TracFone Wireless has leased 101,444 square feet at Flagler Station in Miami for its new U.S. headquarters. The property is located at 10505 N.W. 112th Ave. in Miami. Flagler Real Estate Services’ Stuart Gordon and Chris Sutton represented the landlord. Capital Commercial Group’s Ernesto Casal represented the tenant.

July 23, 2009

Northeast Office

RICHARDS BARRY JOYCE & PARTNERS BROKERS LONG-TERM LEASE RENEWAL

by admin July 23, 2009

TAUNTON, MASS. — Richards Barry Joyce & Partners (RBJ) has brokered a long-term, 61,500-square-foot lease renewal for Kopin Corp., located at 200 John Hancock Rd. in Taunton. Situated in Myles Standish Industrial Park, the building serves as Kopin’s corporate headquarters and manufacturing facility for its III-V and military display products. The lease is for a 10-year term. John Lashar, Paul Leone and Caleb Hudak of RBJ represented Kopin in the lease. The landlord, Bridgewater Wyman, was represented in-house.

July 23, 2009

Office Texas

TESORO CORP. MOVES TO NEW HEADQUARTERS

by admin July 23, 2009

SAN ANTONIO — Tesoro Corp. has relocated its San Antonio headquarters, which is now located at 19100 Ridgewood Parkway. The 610.000-square-foot complex is expected to earn the U.S Green Building Council’s Leadership in Energy and Environmental Design (LEED) Silver certification. This project is the third and largest in San Antonio to be LEED certified. Tesoro Corp. outgrew its 140,000-square-foot, four-building facility, also located in San Antonio at U.S. Highway 251 and Jones Maltsberger Rd. Whataburger has now leased that property. Tesoro is consolidating four of its area offices in the new location.

July 23, 2009

Office Western

146,385-SQUARE-FOOT OFFICE BUILDING LEASED

by admin July 23, 2009

SANTA CLARITA, CALIF. — Advanced Bionics, a U.S.-based manufacturer of cochlear implants, has signed a 10-year lease for Summit Oaks, a five-story office building located within Valencia in Santa Clarita. The 146,385-square-foot property is owned by the developer, which is a joint venture between Parker Properties and DEXUS Property Group. The tenant is consolidating two locations into the new space, which is located at 28515 Westinghouse Place. Craig Peters, Doug Sonderegger and Bennett Robinson, also of CB Richard Ellis, represented the tenant; Doug Marlow and David Solomon of CB Richard Ellis represented the owners in the transaction. The value of the lease was not disclosed.

July 23, 2009

Office Southeast

LEAPFROG SERVICES LEASES ATLANTA OFFICE SPACE

by admin July 22, 2009

ATLANTA — Leapfrog Services has signed a lease with Duke Realty for 23,622 square feet of space in its Druid Chase office development. The 80,249-square-foot building, located at 1190 W. Druid Hills Dr. in Atlanta, is now 91 percent leased. Cushman & Wakefield’s John O’Neill and Allison Bittel represented the tenant, and Wes Hardy served as in-house representation for Duke Realty.

July 22, 2009

Northeast Office

FHO PARTNERS NEGOTIATES LEASE IN WESTWOOD

by admin July 22, 2009

WESTWOOD, MASS. — FHO Partners has negotiated a 33,857-square-foot lease renewal for office space at 20 Southwest Park in Westwood. The space was leased by Acumentrics Corp. Owned by Maric, Inc., Southwest Park is strategically located I-95 and Route 1. Sean Teague and Leeanne Rizzo of FHO represented Acumentrics Corp.

July 22, 2009

Office Western

10,568-SQUARE-FOOT OFFICE PROPERTY SELLS FOR $3.45 MILLION

by admin July 22, 2009

IRVINE, CALIF. — AFCowan has purchased a 10,568-square-foot office property in Irvine. Located at 17772 Cowan, the property sold for $3.45 million. Greg Sargenti of Voit Real Estate Services represented the buyer; David Bolt and Chip Wright of CB Richard Ellis represented the seller, Carmen LLC, in the transaction.

July 22, 2009

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