SOUTHFIELD, MICH. — Edison Oakland Public School Academy has leased 78,000 square feet of office space at 23777 Southfield Rd. in Southfield. The landlord, Schoolhouse Finance, leased the property for an undisclosed price. Bob Moon and Steve Eisenshtadt of Friedman Real Estate Group represented the landlord in the transaction.
PORTLAND, ORE. — NBS Financial Services has arranged $15.1 million in refinancing for the Wieden + Kennedy Headquarters Building, which is located at 224 NW 13th Ave. in Portland’s Pearl District. The five-story building, which underwent a more than $35 million renovation, offers 160,000 square feet of office space. The building also features 30,000 square feet of ground-floor retail space, which is occupied by Bluehour, Design Within Reach and ZoomCare. Ken Griggs and Paddy Ryan of NBS Financial Services arranged the financing, which was provided by John Hancock Life Insurance Co.
CHICAGO — MB Real Estate has arranged the sublease of a 25,771-square-foot business center located in Chicago. Regus will be occupying the space, which is situated at 321 N. Clark St. MB's Daniel Nikitas represented Regus. Jones Lang LaSalle's Monica Moore, Molly Carroll and Michael Tirpak represented the undisclosed sublessor. Terms of the deal were not disclosed.
MERIDEN, CONN. — Cosmos Real Estate has sold half of its ownership interest in Comtech Business Park to Dominick DeMartino for $600,000. The 40,155-square-foot property is located at 470-476 Murdock Ave. in Meriden. The new ownership structure plans to complete capital improvements to the property in order to lease up its vacant space. Peter Shiue of Colliers Dow & Condon represented Cosmos in the deal, while Carl Berman and Robert Gaucher, also of Colliers, represented DeMartino.
BOHEMIA, N.Y. — Yale Associates has signed a 10-year lease at Airport Plaza in Bohemia. The company will occupy 23,328 square feet at 25 Orville Dr. Harry Stavro and Robert Stein of Rechler Equity Partners provided in-house representation for the landlord. Jeffrey Wax of Oxford & Simpson represented the tenant. Yale plans to take occupancy in November.
Fort Worth, Texas —Lockheed Martin Corp. has signed on as the first tenant at Wilcox Plaza at Green Oaks, a new office building on Fort Worth’s west side. The Bethesda, Md.-based Fortune 100 company will occupy 61,945 square feet of the three-story building, taking the entire west wing of the first floor and 28,500 square feet of the west wing’s top floor. Todd Burnette and Frank Ricca of Jones Lang LaSalle represented Lockheed Martin in the transaction. Wilcox Plaza at Green Oaks, which spans a total of 187,928 square feet at 7000 Calmont Ave., is the first LEED pre-certified Gold, multi-tenant office building in the city. GVA Cawley is handling leasing and management for WDS Green Oaks LP, the building’s owner. Omniplan Architects of Dallas designed Wilcox Plaza at Green Oaks, and Dallas-based Spring Valley Construction Co. was the contactor.
FOUNTAIN VALLEY AND LAGUNA HILLS, CALIF. — Valley Plaza has sold a 33,910-square-foot office development to a 1031-exchange investor for $5.5 million. The two-building property is located at 9550 Warner Ave. and 17050 Bushard St. in Fountain Valley. Encino, Calif.-based NAI Capital’s Steve Economos, George Economos and Geoff DeWolf represented the seller. Cox Commercial’s David Cox represented the buyer. DeWolf and Steve and George Economos, along with Kurt Hediger, represented Edward Mark in his sale of a 9,340-square-foot office building to Lake Forest Realty for $1.2 million. The property is located at 23030 Lake Forest Dr. in Laguna Hills.
BOCA RATON, FLA. — 399 West Palmetto Park Associates has sold a 12,000-square-foot office building to 399 Palmetto LLC for $2.72 million. The property is located at 399 W. Palmetto Rd. in Boca Raton. Michael Fimiani of Fimiani Development in Boca Raton brokered the sale.
WILMINGTON, DEL. — The Pettinaro Company has leased the former Daniel L. Herrmann Courthouse, located at 10th and King streets in Wilmington, to law firm Young Conway Stargatt & Taylor. The law firm will occupy the entire 218,000-square-foot building, which will be renovated into Class A office space. The lease is for a term of 15 years; construction will begin in late 2009, with occupancy expected in February 2012.
ORLANDO, FLA. — A joint venture between The Praedium Group and Tower Realty Partners has acquired the 317,521-square-foot Quorum Center Orlando from USAA Real Estate Co. for $29 million. The 13-building office park is located on Vineland Road. The property, which was built in 1987, is 85 percent occupied. Mark Lippmann and Clifford Stein served as in-house representation for Praedium. Ronald Rogg of CB Richard Ellis’ Orlando office represented the seller.