NORWELL AND SOUTHBOROUGH, MASS. — Quincy, Mass.-based Marcone Capital has arranged a total of $13.75 million for two Massachusetts office properties. In the first transaction, Mike Marcone of Marcone Capital secured $7.35 million in permanent financing for 600 Coordwainer Dr, a 54,000-square-foot office building situated on approximately 5.3 acres within Accord Business Park in Norwell. The borrower was 600 Coordwainer Drive LLC, an entity controlled by James Rader of Rader Properties. The lender was a regional bank. Mike Marcone also arranged a $6.4 million permanent loan for 333 and 337 Turnpike Street, two office buildings located in Southborough. Both properties are two stories and consist of 39,774 and 36,728 square feet, respectively. The borrower was Southborough Equity Partners LLC, an entity controlled by Kambiz Shahbazi of KS Partners. The lender was a regional bank. Terms of both loans were undisclosed.
MESA, ARIZ. — Troilo Family Trust has acquired a 15,950-square-foot office property, which is located within Odyssey Professional Park in Mesa. Odyssey Commercial sold the property for $2.7 million. Sarah Weddle of GPE Commercial Advisors represented the seller in the transaction.
BOCA RATON, FLA. — JARI Research Corp., Schmitt & Rossi and TLFO have signed a 143,000-square-foot lease with BRE/Boca Corporate Center for space in its Boca Raton Corporate Park and Campus. The three companies — a cancer research firm, an art company and a data processing firm, respectively — will be housed at 4530 Conference Way South in Boca Raton. Reichel Realty and CB Richard Ellis brokered the transaction.
VIRGINIA BEACH, VA. — Chesapeake, Va.-based Mid-Eastern Builders has completed construction on the 35,000-square-foot Metroplex One office building. Located at the intersection of Regent University Drive and Midtowne Way in Virginia Beach, tenants in the building include the American Center for Law and Justice, Trinity Broadcasting Network and Regent University’s School of Global Leadership and Entrepreneurship. Still in the planning stages, Metroplex II and III will span 140,000 square feet. A 500-acre mixed-used project is also planned.
COLUMBIA, MO. AND LISLE, ILL. — Northbrook, Ill.-based Romanek Properties has acquired the headquarters of Analytical Bio-Chemistry Laboratories Inc. (ABC Labs) and the headquarters of Claymore Securities, which are located in Columbia and Lisle, respectively. The 89,975-square-foot ABC Labs property is located at the intersection of Highway 63 and Gans Road. The office research lab is the first building completed within Discovery Ridge Research Park, the new research park at the University of Missouri. Romanek Properties acquired the facility as a sale/leaseback for $16.5 million. CJ Kuehl of Lee & Associates represented ABC Labs in the transaction. In Lisle, Romanek has purchased the 54,808-square-foot Claymore Securities property located on Corporate Drive. Romanek Properties acquired the office building from an undisclosed seller for $10.5 million. David Justh of CB Richard Ellis and Gary Nussbaum of Transwestern represented Romanek Properties in the transaction.
HAUPPAUGE, N.Y. — Morristown, N.J.-based The Hampshire Companies has acquired two properties located in Hauppauge from Siemens Energy & Automation. The properties comprise a 20,000-square-foot office building located at 155 Plant Ave. and an adjacent, 32,500-square-foot industrial building located at 75 Oser Ave. Both buildings were fully occupied at the time of closing. Hampshire made the purchase on behalf of Hampshire Partners Fund VII, one of its real estate investment funds. The acquisition price was not disclosed.
KEYPORT, N.J. — Woodbridge, N.J.-based The Kislak Company has brokered the sale of Keyport Plaza, a two-building office complex located at 25 E. Front St. in Keyport, for $2.27 million. Situated on 1.5 acres, the property contains a total of 21,000 square feet of Class A space; it was fully occupied at the time of closing. Kislak’s Joe DeFeo represented the seller, a New Jersey-based developer and investor, and Barry Waisbrod, also of Kislak, represented the buyer, First Property Management Solutions. The property traded at a 9 percent capitalization rate.
LAS VEGAS — TNP Vulture Fund VIII has sold a 45 percent interest in an 11-story office building and adjacent four-story parking structure to TNP/SLI Green Building Fund for an undisclosed price. Located at 302 E. Carson in Las Vegas, the property was originally purchased in 2008 from Barden Entertainment Group. The owners plan to renovate the vintage 1965 building to meet LEED Silver certification. Partners in the project include the co-owners and Shangri-La Construction. Completion is scheduled for mid-2009.
MIAMI — Hollywood, Fla.-based John Moriarty & Associates will complete vertical construction on the 600,000-square-foot Brickell Financial Centre on Friday. The 40-story project, which consists of office and retail space, is being developed by Miami-based Foram Development and has been constructed to Silver LEED certification. The building is located at 600 Brickell Ave. in Miami.
NEW HARTFORD, N.Y. — CB Richard Ellis/Syracuse (CBRE) has brokered the purchase of an 84,800-square-foot office building located in New Hartford for $3.45 million. The building is situated on 40 acres at 4401 Middle Settlement Rd. It was acquired by Utica, N.Y.-based St. Elizabeth’s Medical Center, which was represented by CBRE’s Peter Finn and Larry Van Der Bogart. The buyer plans to use the building to continue its expansion and will take occupancy in the spring or summer after an interior build-out is complete. The Utica office of Pyramid Brokerage Co. was the listing agent in the transaction; the seller was New Hartford Plaza LLC. The building was formerly occupied by The Hartford Insurance Companies; Finn and Van Der Bogart assisted the company in finding a new office within nearby New Hartford Office Park.