CHICAGO – Chicago-based Rowell, a property and association management services company, has relocated its headquarters to WestPoint @ Elgin Corporate Center in Elgin, Ill. The 3,037-square-foot office/warehouse condominium unit is located at 2587 Millennium Drive, near the Interstate 90 and Randall Road interchange.
RIDGEFIELD PARK, N.J. — KABR Real Estate Investment Partners has purchased a 235,000-square-foot office building in Ridgefield Park for an undisclosed price from AIG. Located at 85 Challenger Rd. the facility is part of the 60-acre Overpeck Centre, which sits at the junction of Route 46, I-80 and the New Jersey Turnpike. Other tenants within the park include Bank of America, Samsung and AGFA. KABR is a newly formed fund, founded by noted investment partners, which is dedicated to purchasing commercial and residential properties within 150 miles of the New York area.
GARDEN CITY, N.Y. — The Treeline Companies has completed a lease with the U.S. Army corps of engineers for 12,805 square feet of space at Atria East. The six-story, 207,000-square-foot office building is located at 990 Stewart Ave. in Garden City. The new tenant will use the space for administrative and recruitment purposes, among other functions. Atria East is located near the Meadowbrook State Parkway and just minutes from the Long Island Expressway. The concrete and steel building features four high-capacity elevators, a cafeteria, a bi-level underground parking garage and street level parking accommodating nearly 750 vehicles, as well as ample loading facilities on the main level. The building was designed by architect Michael Harris Spector.
LA JOLLA, CALIF. — 7701 Herschel LLC has purchased a 10,236-square-foot office property in La Jolla. Located at 7701 Herschel Ave., the property sold for $4.75 million. Mike Slattery and Robert Kuzman of Grubb & Ellis|BRE Commercial represented the seller, The Copley Press, in the transaction.
AKRON, OHIO — KeyBank, a division of Cleveland-based KeyCorp, has broken ground for the development of a new Akron headquarters and bank branch. The new three-story, 21,000-square-foot building is being constructed at the corner of University Avenue and South Main Street. Upon completion, which is expected in fall 2010, the first floor of the building will house a Key bank branch, and the second and third floors will house offices for Key’s Akron regional headquarters and Key Private Bank. The company’s current Akron headquarters and bank branch are located at 157 S. Main St., and Key Private Bank’s offices are located at 222 S. Main St. The project is being developed by Brecksville, Ohio-based The Terra Group.
PORTSMOUTH, N.H. — CB Richard Ellis – New England (CBRE) has negotiated a lease for 11,000 square feet of office space at 282 Corporate Dr. in Portsmouth. The space will be occupied by Elbry’s Networks, Inc. Kent White of CBRE’s Portsmouth office represented the undisclosed landlord and procured the tenant in the transaction. Terms of the lease were not disclosed.
TAMPA, FLA. — The PBSJ Corporation has signed an 83,000-square-foot, long-term lease with MetLife for space in the LEED-certified MetWest One. The building is located in the MetWest International office complex in Tampa. PBSJ will move from its current Tampa location to the new space in January. Angela Odell of Taylor & Mathis’ Tampa office represented MetLife, and Chad Rupp, Chris Butler and Bryan Rodriguez of Jones Lang LaSalle’s Tampa office represented the tenant.
EASTON, MASS. — Framingham, Mass.-based Parsons Commercial Group has brokered a lease for 15,000 square feet of turn-key space at Easton Industrial Park, located in Easton. Vestcom New Century, a provider of retail marketing and business communications services, will occupy space within 5 Norfolk Avenue, a single-story, 20,000-square-foot flex building. Parsons Commercial Group represented the tenant in lease negotiations. The landlord is Atlantic Management Corp. The lease represented an expansion for Vestcom New Century.
DALLAS — Nathan Denton and Hanes Chatham of Lee & Associates DFW recently represented CAS Headquarters LLC in the purchase of a freestanding office building in Dallas. The 12,166-square-foot facility is located at 17501 N. Dallas Parkway. CAS will renovate the office building to accommodate its needs, and the company plans to occupy its new space in the third quarter of this year.
TROY, MICH. — Transwestern has negotiated the disposition of Long Lake Crossing, a Class A office property located at 1301 W. Long Lake Rd. in Troy. The three-story, multi-tenant building contains 170,363 square feet of space. It features a renovated lobby and common area, a new café, underground executive parking and was 90 percent occupied at the time of closing. It recently received certification for LEED for Existing Buildings: Operations & Maintenance. Gary Nussbaum, Bill Harvey and Thomas Gorman of Transwestern’s Investment Sales Group brokered the sale on behalf of the seller, Transwestern Investment Company LLC, a Transwestern affiliate. The buyer was a New York-based investor group. The acquisition price was not disclosed.