IRVINE, CALIF. — Grubb & Ellis has represented Golden State Foods in its 10-year, 32,000-square-foot office lease extension and expansion at the Von Karman Towers located at 18301 Von Karman Ave. in Irvine. GSF will occupy an additional 6,000 square feet at the Class A office building, which serves as the major foodservice industry supplier’s headquarters. Grubb & Ellis’ Greg May and Chon Kantikovit represented the tenant in the transaction, and Jeff Morgan of CB Richard Ellis represented the property’s landlord, KBS Realty Advisors.
ORLANDO AND MAITLAND, FLA. — NAI Realvest has brokered two office sales in Florida totaling more than $9 million. In the first transaction, Adler Group of Miami purchased an eight-building investment property from a private party for $5.75 million. The 92,573-square-foot development, located at 1218-1232 Winter Garden-Vineland Road in Orlando, includes seven office buildings and one retail building. George Livingston, Christie Alexander and Drew Saphos of NAI Realvest brokered the sale. NAI Realvest's Thomas Hankins represented Lucien Way LLC in its $3.45 million sale of a 59,798-square-foot office building to Alliance Lucien Way. The property is located at 2200 Lucien Way in Maitland.
ANDOVER, MASS. — Cushman & Wakefield has brokered the sale of two office/R&D buildings located on the campus of Woodland Park in Andover for $8.9 million. The first property is located at 600 Federal St. It consists of a two-story, 115,000-square-foot building that was 65 percent occupied at the time of closing. The second property is located at 800 Federal St. It consists of a three-story, 155,000-square-foot building that was vacant at the time of closing. The buyer was a partnership between Leggat McCall and an institutional fund managed by Fidelity Real Estate Group. The Cushman & Wakefield team of Robert Griffin, Jr., David Pergola, Christopher Griffin and Brian Doherty arranged the deal. Woodland Park is a 700,000-square-foot office park situated near the interchange of Interstate 93 and River Road.
SAN ANTONIO, TEXAS — The Department of Defense has leased 20,616 square feet of office spacefrom Talcott Realty Investors in theBank of America Plaza. The property is located at 300 Convent St. in San Antonio.The building is currently 90 percent occupied. CB Richard Ellis' Seth Prescott represented the Department of Defense. Martin Down of Transwestern represented the landlord.
WASHINGTON, D.C. — First Potomac Realty has purchased the 129,035-square-foot office property at 500 1st St. NW in Washington from AREA Property Partners Value Enhancement Fund VII for $68 million. AREA purchased the property with Van Ness Property Group in 2008 for $44.9 million. The Federal Bureau of Prisons leases the entire building.
JACKSONVILLE, FLA. — Comcast has leased 80 percent of a 106,253-square-foot office from Flagler in an 11-year, $22 million deal. The property is located in the Deerwood North business park at 4600 Touchton Road in Jacksonville. Deerwood is comprised of four Class A office buildings totaling 500,000 square feet. David Fahey of Binswanger Commercial represented Comcast. Flager was represented internally by Ross Carrier.
WEST ALLIS, WIS. — Kim Ellis, owner of Milwaukee-based ANS Home Health Services, has purchased the Roman Building, which is located at 1551 S. 108th St. in West Allis. Acquired for $1.02 million, the property offers 26,000 square feet on a 1.18-acre lot. The buyer plans to use the property to expand its business. Patrick Gallagher of Siegel-Gallagher represented the seller, Harris Bank, in the transaction.
SOMERSET, N.J. — Private equity fund manager NextBridge Group has acquired a 164,000-square-foot office property in Somerset. The four-story building is located on 10.1 acres at 220 Davidson Ave. Constructed in 1984, the property features a cafeteria, fitness centers and 648 parking spaces. Tenants include McKesson Information Solutions,, American Arbitration Association, Kyocera, Prudential, National Resources Conservation Services and SVM E-Business Solutions. The Cushman & Wakefield team of Andrew Merin, David Bernhaut, Gary Gabriel and Thomas Walsh represented the seller, an institutional lender, and procured NextBridge.
PEAPACK, N.J. — CB Richard Ellis (CBRE) has brokered the sale of a leasehold interest in an office park in Peapack for $23 million. The property, which is located on 70 acres at 100 Route 206 North, consists of 10 connected buildings totaling approximately 518,000 square feet of space. It was built in 1982 as a campus for Beneficial Management but was most recently occupied by Pfizer, which also holds the fee interest in the property. The seller for the leasehold interest was Hamilton Associates LP, and the buyer was Pharmacia & Upjohn Company LLC, an entity controlled by Pfizer. Jeffrey Dunne, Kevin Walsh and Christopher Leonard of CBRE's New York Institutional Group teamed up with Bill Moylan of CBRE's Boston office to represent the seller.
HOUSTON — KBS Realty Advisors has sold the 139,834-square-foot Atrium at Park Ten office building to Beacon Investment for an undisclosed amount. The property is located on 6 acres at 16340 Park Ten Place in Houston. In the past 8 years, the owner has invested $2 million in capital improvements into the property; the Atrium is currently 88 percent leased. Holliday Fenoglio Fowler's Susan Hill arranged fixed-rate financing for Beacon. Dan Miller and Martin Hogan of HFF brokered the sale.