CARMEL, IND. — Software Engineering Professionals (SEP) has leased 28,000 square feet of office space at The James Building, which is located within Carmel City Center in Carmel. Construction of the building began this month. SEP will be relocating its 75-person staff from Meridian Mark I at 116th and Meridian streets to the new property. John Robinson and Adam Broderick of Jones Lang LaSalle represented the landlord in the transaction.
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SOUTHFIELD, TROY AND NOVI, MICH. — Friedman Real Estate Group has brokered three lease transactions in Michigan. In the first transaction, MEA TV & Radio leased 5,275 square feet of office space at 25899 W. Mile Rd. in Southfield from N.W. Twelve Mile L.P. Steve Eisenshtadt and Keith Grebinski of Friedman represented the landlord. In the second transaction, OHorizons inked a deal for 4,787 square feet of office space within Wilshire Plaza North, which is located at 900 Wilshire Dr. in Troy, from West Huron Joint Venture. Eisenshtadt and Grebinski represented the landlord. In the final transaction, Sensata Technologies signed a lease for 3,950 square feet of office space at Crystal Glen Office Centre, which is located at 39555 Orchard Hill Pl. in Novi. Friedman’s David Verderbar represented the landlord, Northwestern Mutual Life Insurance Co., in the transaction. The values of the leases were not disclosed.
PHOENIX — Grubb & Ellis|BRE Commercial LLC has presided over Security Mortgage’s $1.8 million sale of a Class B office building, located at 3724 N. 3rd St. in Phoenix, to C&C Realty Holdings. The Burbank, Calif.-based buyer, operating under the name BestIT, will occupy approximately 50 percent of the 19,259-square-foot building. Grubb & Ellis’ Bob Buckley, Tracy Cartledge and Steve Lindley represented the seller, and Joel Gunning of Arizona Commercial Properties represented the buyer.
MEDFORD, ORE. — Marcus & Millichap has handled the $1.05 million sale of the 6,800-square-foot Medford Medical Office, located at 3162 State St. in Medford. Marcus & Millichap’s Matt Williams and Steven Bunge brokered the transaction on behalf of the seller, a financial institution, and the buyer, a limited liability company.
GERMANTOWN, MD. — First Potomac Realty Trust has purchased the 173,655-square-foot Cloverleaf Center in Germantown from Kennedy Capital for $25.5 million. The Class A office building houses government contractors and technology companies in four one- and two-story buildings. The property is 97 percent leased. First Potomac purchased the property with a $17.5 million mortgage and cash on hand.
WASHINGTON AND NOVI, MICH. — L. Mason Capitani has brokered two leases in Michigan. In the first transaction, Eastside Production Products has leased a 10,676-square-foot building located at 12475 Thirty One Mile Rd. in Washington. The company is expanding from its Macomb Township, Mich., facility. The landlord and value was not disclosed. Joe DePonio and Jason Capitani of L. Mason Capitani represented the tenant. In the second transaction, American Mitsuba Corp. has inked a deal for 5,990 square feet of space at 41651 W. Eleven Mile Rd. in Novi. L. Mason Capitani’s Garrett Middlekauff, Gary Grochowski and Mason Capitani facilitated the transaction.
PORTLAND, MAINE — MaineHealth, the parent company of Maine Medical Center, has purchased the former Anthem Insurance Building in Portland. The approximately 85,000-square-foot office building is located at 110 Free St. MaineHealth plans to relocate its headquarters, other related offices and conferencing facilities to the new property. As part of the transaction, the adjacent parking garage at 40 Free St. was transferred to Holiday Inn by the Bay, and the parking garage adjacent to Children's Museum of Maine on Free Street was transferred from Holiday Inn to MaineHealth. Tony McDonald, Drew Sigfridson and Dan Greenstein of CB Richard Ellis | The Boulos Company brokered the transaction.
PORTLAND, ORE. — McCormick & Schmick’s Seafood Restaurants has committed to 19,250 square feet of office space in Portland’s Machine Works Building, located in the city’s revitalized Pearl District, for its new corporate headquarters. Having signed a 7-year lease, the restaurant company plans to complete build-out and move its staff of more than 100 people into the new offices in January 2010.
ALLENTOWN, PA. — A joint venture between Franklin Realty Development Corp. and Arcadia Properties has completed construction of Saucon Valley Plaza in Allentown. The Class A office building totals three stories and 87,000 square feet, and it is located at 3477 Corporate Pkwy. within Stabler Corporate Center. CB Richard Ellis is handling leasing for the project.
PARSIPPANY, N.J. — Law firm Day Pitney has signed a long-term lease for a 100,000-square-foot, Class A office building located in Parsippany. The firm is relocating to the building, which is located at 1 Jefferson Rd. within The Center of Morris County business park, from its previous offices at 200 Campus Dr. in Floram Park, N.J. The landlord, a joint venture between J.P. Morgan Asset Management, The Hampshire Generation Fund and Mack-Cali Realty Corp., was represented by James Nugent of Mack-Cali in lease negotiations. Mack-Cali also handles leasing and management of the building. Thomas Welsh of Welsh Chester Galiney Matone Inc. represented the tenant.