CARLSBAD, CALIF. — CB Richard Ellis has brokered DEXUS Property Group’s almost $14.8 million sale of the 179,721-square-foot corporate headquarters building located at 5823 Newton Drive in Carlsbad. Located in the Carlsbad Research Center, the building is 26 percent leased to Pro Performance Sports LLC. CBRE’S Nick Psyllos represented the seller in the transaction, and Studley’s Jeff Cannon and Tim Schramm represented the buyer, Life Technologies Corp.
ASHLAND, VA. —Daniel, Daniel & Daniel LP has sold a 58,684-square-foot flex property in Ashland to Purnell Furniture Services Inc. for $2.25 million. The property is located at 11223 and 11237 Leadbetter Road. Clifford Porter of Porter Realty Co. represented the seller. Grant Massie Land Co.'s Ned Massie represented the buyer.
MILWAUKEE — Walker’s Point Center for the Arts has acquired an office building located at 839 S. Fifth St. in Milwaukee. Constructed in 1885, the cream-colored, brick building underwent extensive renovations in 1998. The art center will house an expanded exhibition gallery, administrative offices, a performance and community resource room and approximately 2,500 square feet of classroom and educational space. RNC Walker Property sold the property for $275,000. Dwight Kellogg and Brent Landfried of Ogden & Co. brokered the transaction.
CAMBRIDGE, MASS. — Ironwood Pharmaceuticals has expanded its lease at 301 Binney Street, a five-story laboratory research facility located at Kendall Square in Cambridge. The company is leasing an additional 50,000 square feet, bringing its total space occupied at the property to approximately 164,000 square feet. The property is owned by BioMed Realty Trust through a joint venture with a client of Prudential Real Estate Investors.
WESTWOOD, MASS. — Chase Corp., a tape and coating manufacturer, has signed a lease for a 20,200-square-foot office and laboratory building located at 295 University Ave. in Westwood. The new facility will consolidate operations from Chase's Albany, N.Y., and Randolph and Taunton, Mass., offices. John Lashar, Paul Leone and Jay Nugent of Richards Barry Joyce & Partners represented the tenant in lease negotiations. Colliers Meredith & Grew represented the landlord, BEC 1999 Development Trust. Terms of the lease were not disclosed.
HOUSTON — Grubb & Ellis has brokered the sale of a 37,000-square-foot office building located at 8440 Westpark in Houston. Doug Nicholson and John Nicholson of Grubb & Ellis represented the seller, 8440 Westpark LLC. Stephen Schneidau of Cushman & Wakefield represented the buyer, KIPP Inc. The acquisition price was not disclosed.
HUNTSVILLE, ALA. — McShane Construction Co. has finished work on the 62,500-square-foot Defense Acquisition University at 7115 Old Madison Pike in Huntsville. Triad Properties Corp. developed the two-story, build-to-suit project for the General Services Administration. McShane built the property to Silver LEED standards on 10 acres in the Thornton Research Park. Green features include low-VOC materials, water-efficient landscaping and storm water control systems.
ST. LOUIS — The Chicago office of Holliday Fenoglio Fowler (HFF) has arranged a $10.75 million loan for Gateway Tower, a 20-story, Class A office tower in St. Louis. The 213,228-square-foot tower is 95 percent occupied by a variety of tenants, including KMOV-TV, Fox Galvin, Infinity Broadcasting Corp. and East-West Gateway Council. Matthew Schoenfeldt of HFF secured the financing through Ladder Capital Finance for the borrower, Sovereign Partners.
DARIEN, ILL. — The University of Chicago Medical Center has renewed its lease at the 175,969-square-foot Darien Business Center in Darien. The medical center occupies 62,399 square feet of medical office space at 7955 and 8205 S. Cass Ave. Jason Streepy and Linda Garske of Grubb & Ellis Co. negotiated the lease on behalf of the landlord, Grubb & Ellis Realty Investors. Andrew Davidson and Jay Beadle of MB Real Estate represented the tenant. Terms of the transaction were not disclosed.
NEW YORK CITY — Harris Corp. has relocated its New York City offices to 17,460 square feet at 555 5th Ave. The company was formerly located at 99 Madison Ave. Tadd Wisinski and David Starr of Chicago-based UGL Equis represented the tenant in lease negotiations. Peter Goldich of Atco Properties & Management provided in-house representation for Atco, the landlord. Terms of the lease were not disclosed.