INDIANAPOLIS — Rama Drive Realty has acquired 42,187 square feet of office space at 2045 Rama Drive in Indianapolis for and undisclosed price. Rich Forslund and Matt Langfeldt of NAI Olympia Partners represented the buyer; Jim Shook and Jon Hardy of Coldwell Banker Commercial represented the seller, Fifth Third Bank, in the transaction. Additionally, Rama Drive Realty leased the 42,187-square-foot space to Community Hospitals of Indiana Inc. Terms of the lease transaction were not released. Forslund and Langfeldt represented Rama Drive Realty; Rob Lukemeyer of Baseline Commercial represented the tenant in the transaction.
Office
WESTBROOK, CONN. — The Geenty Group, Realtors has brokered the sale of a three-story office building located at 1160 Boston Post Road in Westbrook. A Norwich, Conn.-based development company acquired the property for $316,000 and plans to use it as a satellite office for its real estate operations. Kristin Geenty of The Geenty Group represented the seller, Douglas Payette.
WOODCLIFF LAKE, N.J. — Advantage Sales & Marketing has signed a lease for 37,000 square feet of office space at a Class A office building located in Woodcliff Lake. The company is expanding its operations, which were previously located in Ramsey, N.J. Advantage will occupy the third floor and serve as the lead tenant for the 118,358-square-foot building, which is located at 123 Tice Blvd. James Scancarella and Ed English of Paramus, N.J.-based CresaPartners represented the tenant in lease negotiations. Geoffrey Schubert and Garrett Rioux of CB Richard Ellis represented the landlord, Behringer Harvard Holdings.
STAMFORD, CONN. — Marcone Capital has arranged a total of $9.5 million in financing for two office properties located in Connecticut. In the first transaction, a $5 million loan was secured for 1290 Summer St., a five-story, 41,143-square-foot medical office building. In the second transaction, a $4.5 million loan was secured for 470 West Ave., a three-story, 56,753-square-foot professional office building. Mike Marcone of Marcone Capital arranged both deals. The parties involved were not disclosed.
WOODCLIFF LAKE, N.J. — Advantage Sales & Marketing has signed a lease for 37,000 square feet of office space at a Class A office building located in Woodcliff Lake. The company is expanding its operations, which were previously located in Ramsey, N.J. Advantage will occupy the third floor and serve as the lead tenant for the 118,358-square-foot building, which is located at 123 Tice Blvd. James Scancarella and Ed English of Paramus, N.J.-based CresaPartners represented the tenant in lease negotiations. Geoffrey Schubert and Garrett Rioux of CB Richard Ellis represented the landlord, Behringer Harvard Holdings.
GLENDALE, ARIZ. — CB Richard Ellis (CBRE) has brokered the $9.2 million sale of three vacant buildings totaling 146,063 square feet and a seven-acre land parcel at Glendale Corporate Center, located near the northeast corner of 99th Avenue and Camelback Road in Glendale. The acquisition marks Los Angeles-based Regent Properties’ first office purchase in the Phoenix metro area. CBRE’s Ashley Brooks, Barry Gabel, Jim Bayless, Mindy Korth and Kelley Morrison represented the seller, Glendale Corporate Center Acquisition LLC, an Arizona-based company formed by California Bank & Trust and Bank of the West.
WINTER PARK, FLA. — Winter Park-based Freedom Holding Co. has purchased a 5,600-square-foot office building from The Benton Aubourne Irrevocable Trust for $1.15 million. The property is located at 831 W. Morse Blvd. in Winter Park. NAI Realvest's Jack Lynch brokered the sale.
TROY, MICH. — BeneSys Inc. has inked a deal for 29,937 square feet of office space at 700 Tower Drive in Troy. BeneSys is a provider of administrative and informative technology services to clients. Steve Morris of Newmark Knight Frank negotiated the lease on behalf of tenant. The landlord and terms of the lease were not released.
WALTHAM, MASS. — The Boston office of Grubb & Ellis has arranged the sale of a 22,000-square-foot, Class B office building for $3.5 million. The property is located at 330 Bear Hill Road in Waltham. Tom Aitken of Grubb & Ellis' Boston office represented the seller, BMEK Bear LLC. Steve Moskowitz of Heritage Corp. represented the buyer, Bear Hill Road 330 Realty Trust.
CHELMSFORD, MASS. — Integrated Builder has been selected to complete an interior office build-out at 150 Apollo Drive in Chelmsford. The contractor will build out 80,000 square feet on behalf of Harris Corp., a communications and information technology company. The project is slated for a May completion and is being designed by IA Interior Architects. Integrated recently completed or is nearing completion for three interior build-outs at neighboring 300 Apollo Drive.