FLORHAM PARK, N.J. —Saiber LLC has signed a lease for more than 54,000 square feet of office space at 18 Columbia Turnpike in Florham Park. The law firm was originally based in Newark. It will be relocating its headquarters to the Florham Park office, which is located within Westminster Corporate Campus, a five-building, 180,000-square-foot office property. The space Saiber is leasing was originally occupied by Kushner Companies, which recently relocated its corporate headquarters to New York City. The company still maintains control over the property. Saiber will take occupancy in November. Terms of the lease were not disclosed.
DALLAS — The Dallas office of Transwestern has been selected to manage a 2 million-square-foot portfolio owned by Energy Future Holdings, a privately held energy company with a portfolio of regulated energy subsidiaries that includes Luminant, Oncor and TXU Energy. The most notable property that Transwestern will now manage is Energy Plaza, a 48-story, 1.2 million-square-foot office building located at 1601 Bryan St. in downtown Dallas. The Transwestern team responsible for the portfolio includes Kim Brooks, Jeff Anderson, Mike Ogden, Jeff Shea and Jim Graham. Brooks and Anderson will oversee leasing and marketing efforts for Energy Plaza, while Shea will oversee management of the property. Graham will facilitate lease administration for the portfolio and Ogden will provide senior management oversight.
HAYWARD, CALIF. — ProTransport-1 LLC has acquired an 8,882-square-foot building, which is located at 31909 Hayman St. in Hayward, for $998,500 or $112 per square foot. The buyer, a provider of medical transportation and ambulance transport, plans to use the facility for ambulatory use. The seller was Whipple LLC. Richard Fenske of NAI BT Commercial and William Snell of Touchstone Properties represented the buyer in the transaction.
BALTIMORE — Bethesda, Md.-based Walker & Dunlop has arranged loans totaling more than $47 million for two Class A office properties in Baltimore. The 500,000-square-foot Hunt Valley Executive Plaza received a $30.3 million loan, and the 200,000-square-foot Seminary Galleria received a $16.75 million loan. A major life insurance company provided financing for the loans. Walker & Dunlop’s Mike Yavinsky and Tyler Blue negotiated the transactions.
NORCROSS, GA. — Syiek Management Co. has sold a 39,550-square-foot office building to 225 Scientific LLC for $3.57 million. The property, located at 225 Scientific Dr. in Norcross, is fully leased to Think Resources. Norcross-based Lavista Associates’ Don Perry represented the seller.
WORTHINGTON, OHIO — St. Louis-based Pace Properties Inc. has acquired a 119,700-sqaure-foot office building located in Worthington, a northern suburb of Columbus. Northwoods I was formerly owned by a Dutch investment group. The building was 60 percent occupied at the time of acquisition. Pace evaluated more than 50 properties before committing to Northwoods I.
EXTON, PA. — Hayden Real Estate Investments has acquired two Class A office buildings located in Exton for $9 million. The two properties are located within Whitelands Business Park at 748 and 855 Springdale Dr. The former building is a single-story, Class A office building that contains 13,844 square feet and the latter is a two-story, 52,714-square-foot building. Major tenants include Physiotherapy Corp. and Integrated Health & Wellness. Tony Hayden, Jr. provided in-house representation for Hayden Real Estate Investments. The seller, Brandywine Realty Trust, was represented by Brian Fiumara of The Flynn Company.
HOUSTON — Colliers International has completed the sale of an office building located in Houston. The property consists of a six-story, 135,000-square-foot office building located at 2600 North Loop. Bob Parsley and Bill Byrd of the Houston office of Colliers represented the seller, Irving, Texas-based CHRISTUS Health. The buyer, Fuller Realty Partners, was represented by Jay Kyle, also of Colliers’ Houston office. The acquisition price was not disclosed.
LIVINGSTON, N.J. — Telecommunications company Verizon has leased 153,000 square feet of Class A office space at Eisenhower Corporate Campus, a 33.5-acre, 385,000-square-foot office property located at 290 W. Mt. Pleasant Ave. in Livingston. The company will be consolidating two of its offices, located in Madison and Scotch Plains, N.J., into the new facility. Chatham, N.J.-based The Garibaldi Group represented the owner, a partnership between Eastman Cos. and The Sagner Companies. Grubb & Ellis represented Verizon. The interior fit-out is currently under way, with Verizon expecting to move into the new office by the second quarter. Construction is being completed by Eastman Construction Co., the general contracting division of Eastman Cos.
YORK, PA. – York-based ROCK Commercial Real Estate has completed the sale of an 8,148-square-foot commercial property located on 2.82 acres at 2201 S. Queen St. in York. ROCK represented the seller, Easter Seals Central Pennsylvania, which sold the property to Paragon Properties Group for an undisclosed amount.