LEXINGTON, MASS. — Rick Robinson of GVA Thompson Hennessey & Partners represented BTS Asset Management, in their recent 10,858-square-foot lease at 420 Bedford St. in Lexington. The landlord, Boston Properties, was represented by Stacey Baker. The lessee, a long-term tenant of 420 Bedford Street, is relocating in July from its current office space to a new suite, expanding its space by 2,500 square feet. The suite is located in one of two buildings in the Class A Lexington Office Park, which totals 166,000 square feet. The office park is located at the junction of Route 4 and I-95.
BOCA RATON, FLA. — 980 North Federal LLC has sold the 93,762-square-foot Compson Financial Center to 980 North Federal Acquisition Group for $20 million. The office property is located at 980 N. Federal Highway in Boca Raton. Scott O’Donnell and Dominic Montazemi of CB Richard Ellis’ Boca Raton office brokered the sale.
SARALAND, ALA. — Kennesaw, Ga.-based Ryla will bring a new regional headquarters, a corporate data center and a regional customer contact center to Saraland in June, creating 1,200 local jobs. The company is making an $8.5 million capital investment in the project and will welcome 400 new workers to the new property by early this summer; the 800 remaining jobs will be created by the end of 2011. In a press conference, Ryla President and CEO Mark Wilson explained that many locations in the Southeast were in the running for the new center, but Saraland stood out. “The decision is one that we’re confident is going to prove good for our company and good for the community,” he says.
NEW YORK CITY — Law firm Duval & Stachenfeld has signed a 33,000-square-foot sublease to occupy the entire 11th and 12th floor of 101 Park Avenue, located in midtown Manhattan, New York City. Paul Revson and Zev Holzman of Studley represented the Duval & Stachenfeld in negotiating the 4-year sublease. The firm is set to take occupancy this summer. The 101 Park Avenue building totals 49 stories and 1.3 million square feet. It is owned by Kalikow.
TAMPA, FLA. — The law firm Cole, Scott and Kissane has leased 32,723 square feet of space in Crescent Resources’ 247,000-square-foot Corporate Center Four at International Plaza. The Class A office property is located on Boy Scout Boulevard in Tampa. Cole, Scott and Kissane leased the entire fourth floor of the eight-story property, which is now 55 percent leased. Patrick Duffy of Atlanta-based Newmark Knight Frank represented the tenant, and Sharon Bragg of Tampa-based Crescent Resources represented the tenant.
GLENVIEW, ILL. — The General Board of Pension & Health Benefits of The United Methodist Church has broken ground for its new headquarters building, located in Glenview. The three-story, 110,000-square-foot building is situated on 25 acres and will be applying for LEED certification. Andrew Davidson and Jay Beadle of MB Real Estate represented the General Board in the land acquisition, and David Graff, also of MB, served as the owner’s development representative. The building was designed by OWP/P and is being built by Power Construction. The construction timetable was not released.
FRISCO, TEXAS — Hall Financial Group has negotiated two leases at Hall Office Park, the company’s 162-acre, master-planned office park located in Frisco. First, TITAN Engineering has signed a new lease for 10,175 square feet at 2801 Network Blvd. The company will be relocating its corporate headquarters here from Carrollton, Texas. The lease carries a 5-year term. Hall’s Jean Farris and Tammy Lomonaco negotiated the lease. In addition, the Frisco Family YMCA has renewed its lease for 8,768 square feet at 2401 Internet Blvd. The transaction was negotiated by Farris.
DORAL, FLA. — Blue Cross Blue Shield of Florida has signed a 103,476-square-foot lease renewal with Prudential Insurance Co. of America for space in Westside Plaza 1. Blue Cross will occupy the space until 2014. The 363,328-square-foot property is located at 8400 N.W. 33rd St. in Doral. George I. Pino and Juan Ruiz of Coral Gables, Fla.-based Flagler Real Estate Services represented the landlord.
ORLANDO, FLA. — Orlando-based HuntonBrady Architects, the Florida headquarters of the Pizzuti Cos. and an undisclosed engineering company are the first to prelease space in the 11-story 777 N. Orange Ave. office tower in Orlando. These three leases account for 55,000 square feet of space in the development, which is slated to break ground later this year. The Class A LEED property, which is being developed by Pizzuti Cos., is part of a three building project, spanning 777, 757 and 737 N. Orange Ave. Delivery of the 777 building is slated for early 2011. Jamie Barati and Todd Davis of Colliers Arnold’s Orlando office are marketing the property.
NEW YORK CITY — New York City-based SL Green Realty Corp. has completed a $40 million capital improvements program at three of its New York City office towers: 16 Court Street in Brooklyn, and 810 Seventh Avenue and 711 Third Avenue in Manhattan. Improvements at all three buildings included extensive lobby renovations. At 16 Court Street, which is a 38-story, 284,000-square-foot tower, the new lobby includes polarized quartz floor tiles, as well as black granite, white glass and walnut wood finishes. At 810 Seventh Avenue, which is a 41-story, 553,000-square-foot tower, the new lobby contains a new, subtle lighting scheme, with stone and dark-stained bamboo finishes, as well as a custom bamboo reception desk. At 711 Third Avenue, a 20-story, 553,000-square-foot building, the new lobby improvements included the restoration of a 200-square-foot mosaic mural that consists of 500,000 Venetian glass tiles in 500 different color shades. Other improvements included new windows, new elevator cabs, a façade restoration, and infrastructure, common area and restroom upgrades at 16 Court. At 810 Seventh, additional renovations included new elevator cabs, as well as restroom and common area upgrades. Finally, at 711 Third Avenue, elevator cabs and common corridors were also upgraded.