STAMFORD, CONN. — Marcone Capital has arranged a total of $9.5 million in financing for two office properties located in Connecticut. In the first transaction, a $5 million loan was secured for 1290 Summer St., a five-story, 41,143-square-foot medical office building. In the second transaction, a $4.5 million loan was secured for 470 West Ave., a three-story, 56,753-square-foot professional office building. Mike Marcone of Marcone Capital arranged both deals. The parties involved were not disclosed.
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WOODCLIFF LAKE, N.J. — Advantage Sales & Marketing has signed a lease for 37,000 square feet of office space at a Class A office building located in Woodcliff Lake. The company is expanding its operations, which were previously located in Ramsey, N.J. Advantage will occupy the third floor and serve as the lead tenant for the 118,358-square-foot building, which is located at 123 Tice Blvd. James Scancarella and Ed English of Paramus, N.J.-based CresaPartners represented the tenant in lease negotiations. Geoffrey Schubert and Garrett Rioux of CB Richard Ellis represented the landlord, Behringer Harvard Holdings.
GLENDALE, ARIZ. — CB Richard Ellis (CBRE) has brokered the $9.2 million sale of three vacant buildings totaling 146,063 square feet and a seven-acre land parcel at Glendale Corporate Center, located near the northeast corner of 99th Avenue and Camelback Road in Glendale. The acquisition marks Los Angeles-based Regent Properties’ first office purchase in the Phoenix metro area. CBRE’s Ashley Brooks, Barry Gabel, Jim Bayless, Mindy Korth and Kelley Morrison represented the seller, Glendale Corporate Center Acquisition LLC, an Arizona-based company formed by California Bank & Trust and Bank of the West.
WINTER PARK, FLA. — Winter Park-based Freedom Holding Co. has purchased a 5,600-square-foot office building from The Benton Aubourne Irrevocable Trust for $1.15 million. The property is located at 831 W. Morse Blvd. in Winter Park. NAI Realvest's Jack Lynch brokered the sale.
TROY, MICH. — BeneSys Inc. has inked a deal for 29,937 square feet of office space at 700 Tower Drive in Troy. BeneSys is a provider of administrative and informative technology services to clients. Steve Morris of Newmark Knight Frank negotiated the lease on behalf of tenant. The landlord and terms of the lease were not released.
WALTHAM, MASS. — The Boston office of Grubb & Ellis has arranged the sale of a 22,000-square-foot, Class B office building for $3.5 million. The property is located at 330 Bear Hill Road in Waltham. Tom Aitken of Grubb & Ellis' Boston office represented the seller, BMEK Bear LLC. Steve Moskowitz of Heritage Corp. represented the buyer, Bear Hill Road 330 Realty Trust.
CHELMSFORD, MASS. — Integrated Builder has been selected to complete an interior office build-out at 150 Apollo Drive in Chelmsford. The contractor will build out 80,000 square feet on behalf of Harris Corp., a communications and information technology company. The project is slated for a May completion and is being designed by IA Interior Architects. Integrated recently completed or is nearing completion for three interior build-outs at neighboring 300 Apollo Drive.
SEATTLE — Amazon.com has signed an approximately 180,000-square-foot lease for the remainder of Class A office space at Vulcan Inc.’s 2201 Westlake in the South Lake Union area of Seattle. The company expects a mid-year move-in at the mixed-use, LEED Gold-certified development, which was completed in July 2009.
ROCKVILLE, MD. — The Realty Associates Fund IV has sold the 135,664-square-foot Montrose Office Park to a private party for $22.5 million. The three-building property is located at 3202, 3204 and 3206 Tower Oaks Blvd. in Rockville. McShea & Co.'s Brian McCarthy, Bob Dickman and Bob Wrightson represented the seller.
LAKE MARY, FLA. — Remington Administrative Services has purchased a 75,860-square-foot office building from an undisclosed party for $10 million. The property, which houses the administrative headquarters for Remington Colleges, is located at 500 International Parkway in Lake Mary. Realvest Capital Advisors arranged financing for the purchase. George Livingston and Christie Alexander of NAI Realvest brokered the sale.