LIVINGSTON, N.J. — Adam Silver and Wayne Kasbar of Grubb & Ellis have negotiated a 153,030-square-foot lease on behalf of Verizon New Jersey. The company will be taking space at Eisenhower Corporate Campus, which is located at 290 West Mt. Pleasant Ave. in Livingston. To meet certain parking requirements, a 400-car parking garage was built by the owner, Eastman Companies, for Verizon at the new location. Furthermore, the building has access to public transportation and nearby amenities, which accomplished Verizon’s objectives.
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WALTHAM, MASS. —Davis Marcus Partners, a venture between Marcus Partners and The Davis Companies, in partnership with Prudential Real Estate Investors, has completed a $30.9 million refinancing with Capital One for 117 West St. located on its Reservoir Woods East campus in Waltham. The refinancing includes both the 138,000-square-foot recently upgraded building and the adjacent 500,000 square feet of recently permitted, developable land. The building is fully leased to Verizon and houses its FiOS testing, design and engineering functions. Together, Reservoir Woods East and West provide a campus environment with 120-acres of wooded landscape in Waltham between the Massachusetts Turnpike and Route 2 at exit 27 off Rt. 128/US I95.
GRAND PRAIRIE, TEXAS — Arlington, Texas-based SCM Real Estate has brokered a new lease at Brookhollow Riverside, a Class A office property located in Grand Prairie. Lea+Elliott will occupy 8,200 square feet of the 118,131-square-foot building, which is located 2505 N. State Highway 360. SCM’s Theron Bryant represented the undisclosed landlord. The tenant was represented by Bryan Graham of CB Richard Ellis. Terms of the lease were not disclosed.
SAN DIEGO — Philadelphia-based GVA Smith Mack has negotiated the lease renewal of 12205 World Trade Drive in San Diego. Johnson Matthey Inc. has resigned its lease for 35,094 square feet of office space. Jeff Mack of GVA Smith Mack represented the tenant in the transaction. The value of the lease was not disclosed.
ORLANDO, FLA. — Siemens Shared Services has leased 29,500 square feet of space in University Corporate Center III, located in the Quadrangle Business Park at 11474 Corporate Blvd. in Orlando. Greg Morrison and Emily Zinaich of Orlando-based Morrison Commercial Real Estate represented the landlord, and The Princeton Group’s Lee Orisi represented Siemens. This is the third lease Morrison Commercial has executed at University Corporate Center III in the past 90 days. The property is currently 94 percent leased.
ST. LOUIS — Duke Realty Corp. has leased 104,700 square feet of office space to ESSENCE Healthcare in the northwest St. Louis suburb of Maryland Heights, Mo. The space is located within an office building at 13900 Riverport Dr. in Duke’s Riverport Business Park. ESSENCE was represented by David Kelpe of Colliers Turley Martin Tucker; Whitaker Varley and Matt Hrubes of Duke negotiated the deal in-house on behalf of the landlord. 13900 Riverport is one of seven buildings situated within the office and industrial park, which is located near Lambert International Airport, as well as interstates 70 and 270. Approximately 18 acres remain available for purchase of build-to-suit development.
CHICAGO — Jones Lang LaSalle (JLL) has negotiated four leases totaling approximately 200,000 square feet within One Financial Plaza in downtown Chicago. JLL’s Michael Curran and Mark Gunderson represented building owner Behringer Harvard, which owns the property via its Behringer Harvard REIT I Inc. investment program, in the lease transactions. Chicago Trading Company signed a new 87,400-square-foot lease within the 40-story, approximately 1 million-square-foot tower. The tenant is relocating from the Chicago Board of Trade Building in May 2010, and will be moving into One Financial Place’s trading floors, as well as the fourth and fifth floors of the office tower. Mark Keebler and Brad Serot of CB Richard Ellis negotiated the deal on behalf of Chicago Trading Company The Chicago Stock Exchange has renegotiated its lease within One Financial Place, ceding the fourth and fifth floors of the building’s 440 South LaSalle complex and moving to the seventh floor of the office tower. The tenant will occupy approximately 50,000 square feet, reducing its footprint by approximately 60,000 square feet. Lisa Davidson and Rich Schuham of Studley represented Thee Chicago Stock Exchange. The Comptroller of the Currency renewed its 40,000-square-foot lease, represented by Schuham and Joe Learner of Studley. MF …
PHOENIX — Climatec has selected McShane Construction Co. for the renovation and remodeling of the company’s 103,000-square-foot corporate office building, which is located at 2851 W. Kathleen Rd. in Phoenix. The project calls for the partial demolition and reconstruction of the facility, which will include the incorporation of several of Climatec’s extensive product lines. Additionally, the renovations include redesign of interior spaces and entryway of the facility, and replacement of mechanical, electrical and plumbing systems. Dick & Fritsche Design Group is providing architectural services for the project, which is slated for completion this month.
CALABASAS, CALIF. — Kasower Properties LLC has acquired a 36,660-square-foot office building, which is located at 26010 Mureau Rd. within Calabasas Commerce Center in Calabasas. Arden Realty Inc. sold the property for $7 million. The buyer purchased the property to house its business, Canoga Park, Calif.-based Mighty Net Inc., a credit and financial information provider. Sperry Van Ness represented the buyer; Robert Erickson and Marc Spellman of Lee & Associates—LA North/Ventura Inc. represented the seller in the transaction.
NEW YORK CITY — Chinese company Vantone Industrial Co. has signed the first lease for One World Trade Center, a 102-story office tower currently under construction in Lower Manhattan, New York City. The company will lease 190,810 square feet over five floors of the building for a 20-year term. The space will be used as the China Center, which will provide business incubator space for Chinese companies. The space will feature a private club, event space, a cultural center and office space. Vantone also has the option to lease two more contiguous floors under the current lease terms — an option that expires at the end of the year. Jones Lang LaSalle’s Peter Riguardi, John Ryan and Paul Mas represented the tenant in lease negotiations. The building’s owner, the Port Authority of New York and New Jersey, utilized in-house representation. One World Trade Center is scheduled for completion in 2013. The Port Authority is finalizing leases with the U.S. General Services Administration and the New York Office of General Services that would total more than 1 million square feet of the tower’s 2.6 million total square feet of space.