NEW YORK CITY — The grand opening has been held for Bank of America Tower in New York City. The 55-story building, which is located at One Bryant Park, is being touted as the first high-rise commercial tower in the United States to receive LEED-Platinum certification, which it was awarded under the program's Core & Shell designation. Sustainable features include a high-performance glass curtain wall and an efficient under-floor air delivery system. Tenants at the 2.1 million-square-foot tower include anchor tenant Bank of America as well as Al Gore's Generation Investment Management. The project is owned by The Durst Organization and was designed by Cook + Fox Architects.
WASHINGTON, D.C. — Perkins Coie has signed a long-term lease for 56,294 square feet of office space at 700 13th Street in Washington, D.C. The law firm currently occupies 43,929 square feet at 607th 14th Street and plans to take occupancy of the new property in January 2011. Steve London and Lois Zambo of Studley represented the tenant; Dave Bevirt of Jones Lang LaSalle represented the landlord, Charter Hall, in the transaction. Terms of the lease were not disclosed.
PARSIPPANY, N.J. — Prism Capital Partners has re-acquired a 180,000-square-foot, Class A office building located at 399 Jefferson Road in Parsippany. The company originally sold the property in 2006 to HSBC, which also planned to occupy it. However, HSBC never took occupancy and brought the property back to market. Prism pans to complete capital improvements to the building, which HSBC gutted, and mount a repositioning campaign to lease it. Joe Garibaldi and Peter Nicoletti of Jones Lang LaSalle represented HSBC in negotiations.
HOUSTON — The Houston and Dallas offices of Holliday Fenoglio Fowler (HFF) have arranged a financial joint venture for Southwest Science Center, a 34,277-square-foot facility in Houston. Located at 4150 Interwood South Parkway, the building is fully leased to the General Services Administration, and serves as a state-of-the art forensics laboratory that was developed and constructed for U.S. Customs & Border Protection. HFF's Dan Miller, Mona Carlton and Trent Agnew represented the owner, Austin, Texas-based Live Oak Gottesman Company. Under the agreement, a private real estate group entered into a joint venture with the owner and assumed existing debt.
GARLAND, TEXAS — Allied Insulation & Supply has relocated its headquarters with the lease of 40,000 square feet of office/warehouse space in Garland. Located at 850 South Jupiter Road, the space is located within the 170,731-square-foot Jupiter Distribution Center, which also houses a distribution center for Petco. Michael Herzstein and Pete Richardson of Henry S. Miller represented Allied Insulation, while Michael Peinado of Lincoln Property Company represented the owner.
HOUSTON — Bonner Investment Properties has purchased a 48,000-square-foot building at 7905 Blankenship in Houston. The seller, Antoine Investment, was represented by Joe MacDougall of Joe MacDougall & Co. Chris Kugle, John Ferruzzo and Dustin Gillioz of NAI Houston represented the buyer.
DECATUR, GA. — Oakhurst Realty Partners has purchased the Executive Building, which is located at 125 E. Trinity Place in downtown Decatur. The three-story, 16,500-square-foot property offers two floors of office space above ground-level retail space. The buyer plans to immediately renovate the property. B. Fisher Paty and A. Barton Lester provided in-house representation for the buyer. The seller and acquisition price were not disclosed.
EDINA, MINN. — NorthMarq Capital’s Minneapolis office has arranged a $13 million first mortgage for Centennial Lakes IV in Edina. Located within a 100-acre mixed-use development, the property offers 215,790 square feet of Class A office space. Financing was based on a 10-year term with a 25-year amortization schedule. NorthMarq’s Patrick Minea originated the loan through the company’s correspondent relationship with Minnesota Life Insurance Co.
NEW YORK CITY — Foremost Properties has leased an office building located at 127 W. 25th St. in Manhattan's Chelsea neighborhood to Bowery Residents' Committee (BRC). The 12-story, 104,500-square-foot building will serve as the social service provider's headquarters and will consolidate its Manhattan operations. The 33-year lease will begin later this year following a $15 million renovation. Marty Meyer and Eric Meyer of Colliers International represented the landlord in lease negotiations. A team from Cassidy Turley led by David Lebenstein represented the tenant.
NEW YORK CITY — Local 32BJ of the Service Employees International Union (SEIU) has signed a lease for 245,000 square feet of office space at 620 Avenue of the Americas in Manhattan. The union will be relocating from its current offices at 101 Avenue of the Americas. As part of the tenant fit-out, a portion of the building's 18th Street freight area and elevators will be reconfigured into a private entrance leading to a welcome center, information kiosks, benefits centers and a 475-seat auditorium. Mark Weiss and Robert Eisenberg of Newmark Knight Frank represented the tenant in lease negotiations. Mitchell Konsker, Matthew Astrachan and Jonathan Tootell of Cushman & Wakefield represented the undisclosed landlord.