GREAT RIVER, N.Y. — Garden City, N.Y.-based Metropolitan Realty Associates has leased 13,600 square feet of office space within the 300 Building of Sunrise Business Center in Great River, Long Island. The space, located within a 161,500-square-foot building currently under construction, will be occupied by the Suffolk County Department of Social Services Medical Assistance Division. The agency will use the space, which is located at 3500 Sunrise Highway, for a Medicaid claim-processing center. Brian Lee and Dan Oliver of Newmark Knight Frank represented the tenant in lease negotiations. Metropolitan was represented by Raymond Ruiz, Marianne Dugan, Brian Cruz and Ryan Blaney of CB Richard Ellis. The 300 Building consists of the redevelopment of a former warehouse building into office space. Once it is complete, the business center will contain a total of 388,500 square feet.
HURST, TEXAS — Jones Lang LaSalle has been appointed as receiver of the 820 Business Towers located at 301 and 305 Northeast Loop 820 in Hurst. The Class B, two-building office complex totals approximately 100,000 square feet. As receiver, Jones Lang LaSalle is responsible for controlling and directing the use of the asset, which includes conducting due diligence, leasing, managing and marketing the complex for sale, until a resolution is reached between the lender and the borrowers.
MCALLEN, TEXAS — Cadence McShane Construction Co. has completed its second build-to-suit assignment for Virginia-based developer Harwood & Associates. The latest project, McAllen District Office, is a new, four-story Class A office complex located on a 4.5-acre site at 1200 N. Commerce Center in McAllen. The facility comprises 54,300 square feet of office space; 14,270 square feet of warehousing operations; and 11,500 square feet of additional space. Cadence McShane also provided all sitework and exterior landscaping for the office campus. Alliance Architects, Inc. provided architectural services.
SPARKS, MD. — The Sparks Venture Centre, the Hunt Valley-Sparks area’s first ExecuCentre, has opened at The Highlands Business Park in Sparks. The 5,000-square-foot facility, which is located at 954 Ridgebrook Rd., offers fully furnished individual or multiple suites for lease. Matthew Haas and Kevin Haus of Manekin LLC are serving as the building’s leasing agent.
LEXINGTON, MASS. — Rick Robinson of GVA Thompson Hennessey & Partners represented BTS Asset Management, in their recent 10,858-square-foot lease at 420 Bedford St. in Lexington. The landlord, Boston Properties, was represented by Stacey Baker. The lessee, a long-term tenant of 420 Bedford Street, is relocating in July from its current office space to a new suite, expanding its space by 2,500 square feet. The suite is located in one of two buildings in the Class A Lexington Office Park, which totals 166,000 square feet. The office park is located at the junction of Route 4 and I-95.
BOCA RATON, FLA. — 980 North Federal LLC has sold the 93,762-square-foot Compson Financial Center to 980 North Federal Acquisition Group for $20 million. The office property is located at 980 N. Federal Highway in Boca Raton. Scott O’Donnell and Dominic Montazemi of CB Richard Ellis’ Boca Raton office brokered the sale.
SARALAND, ALA. — Kennesaw, Ga.-based Ryla will bring a new regional headquarters, a corporate data center and a regional customer contact center to Saraland in June, creating 1,200 local jobs. The company is making an $8.5 million capital investment in the project and will welcome 400 new workers to the new property by early this summer; the 800 remaining jobs will be created by the end of 2011. In a press conference, Ryla President and CEO Mark Wilson explained that many locations in the Southeast were in the running for the new center, but Saraland stood out. “The decision is one that we’re confident is going to prove good for our company and good for the community,” he says.
NEW YORK CITY — Law firm Duval & Stachenfeld has signed a 33,000-square-foot sublease to occupy the entire 11th and 12th floor of 101 Park Avenue, located in midtown Manhattan, New York City. Paul Revson and Zev Holzman of Studley represented the Duval & Stachenfeld in negotiating the 4-year sublease. The firm is set to take occupancy this summer. The 101 Park Avenue building totals 49 stories and 1.3 million square feet. It is owned by Kalikow.
TAMPA, FLA. — The law firm Cole, Scott and Kissane has leased 32,723 square feet of space in Crescent Resources’ 247,000-square-foot Corporate Center Four at International Plaza. The Class A office property is located on Boy Scout Boulevard in Tampa. Cole, Scott and Kissane leased the entire fourth floor of the eight-story property, which is now 55 percent leased. Patrick Duffy of Atlanta-based Newmark Knight Frank represented the tenant, and Sharon Bragg of Tampa-based Crescent Resources represented the tenant.
GLENVIEW, ILL. — The General Board of Pension & Health Benefits of The United Methodist Church has broken ground for its new headquarters building, located in Glenview. The three-story, 110,000-square-foot building is situated on 25 acres and will be applying for LEED certification. Andrew Davidson and Jay Beadle of MB Real Estate represented the General Board in the land acquisition, and David Graff, also of MB, served as the owner’s development representative. The building was designed by OWP/P and is being built by Power Construction. The construction timetable was not released.