NEW JERSEY — White Plains, N.Y.-based Howard Properties and Chatham, N.J.-based The Garibaldi Group have arranged a build-to-suit lease transaction for Cervalis. The company will occupy a newly constructed, 148,191-square-foot data center in northern New Jersey that will be developed by Hackensack, N.J.-based Russo Development. The facility will feature 50,000 square feet of raised floor data center space, as well as 25,000 square feet of workspace, recovery space and administrative offices. It marks Cervalis’ entry into the New Jersey market; its other facilities are located in New York and Connecticut. The company could not disclose the future address of the building. The construction timetable was not released. Howard Properties and The Garibaldi Group are both affiliates of CORFAC International.
Office
PITTSBURGH — CB Richard Ellis (CBRE) has been selected by Rugby Realty Co. to serve as exclusive leasing agent for its approximately 2 million-square-foot Pittsburgh office portfolio. The nine-property portfolio features five marquee office towers, including 11 Stanwix Street, The Frick Building, Gulf Tower, 4 Allegheny Center and 564 Forbes Avenue. The other four properties include 914-922, 925, 933 and 938-940 Penn Avenue. CBRE’s leasing team will be led by Jeremy Kronman and will include Andrew Miller, Christina Bucciero and Courtney Lynn. CBRE plans to roll out its new marketing and pricing information over the next 30 to 60 days.
DALLAS — Newport Beach, Calif.-based KBS Realty Advisors has acquired Providence Towers, a 12-story, approximately 500,000-square-foot office tower located at 5001 Spring Valley Rd. in Dallas. Amenities at the Class A property include a fitness center, two conference rooms, an on-site restaurant and a bank branch. The project is approximately 90 percent occupied by a tenant mix that includes DeGolyer & MacNaughton, Time Warner, Morgan Stanley, Hilton Hotels and Henry S. Miller. The property is in the process of applying for LEED certification. The seller was CB Richard Ellis Investors. The transaction was negotiated by CB Richard Ellis. The acquisition price was not disclosed.
AURORA, COLO. — Barry Higgins and Eric Kimose of Marcus & Millichap’s Denver office represented the undisclosed seller in the disposition of Chambers Center Anchor, a vacant, 41,384-square-foot single-tenant property in Aurora. Located at 15220 East 6th St., the property sold for $1.82 million. The buyer was an undisclosed Englewood, Colo.-based partnership.
WOODCLIFF LAKE, N.J. — New York City-based Studley has completed two long-term leases for Eisai Medical Research (EMR) in Woodcliff Lake. EMR will be moving into a 118,000-square-foot office building located at 155 Tice Blvd. and an adjacent 41,000-square-foot building at 300 Tice Blvd. Studley’s Gregg Najarian, Daniel Foley and Chip Conklin represented EMR in lease negotiations. The landlord of 155 Tice, Hartz Mountain Industries, was represented in-house by Emanuel Stern, Gus Milano and Ernie Christoph. The landlord of 300 Tice, Mack-Cali, was represented in-house by Christopher DeLorenzo. With these most recent leases, Eisai Corporation of America, the parent company of EMR, has created a 369,000-square-foot headquarters campus on Tice Boulevard. Eisai Corp. and its commercial operation Eisai Inc. have occupied a 210,000-square-foot, build-to-suit office located at 100 Tice Blvd. for the past 2 years. The same Studley group of Najarian, Foley and Conklin represented Eisai in the original leases.
BOSTON — BioMed Realty Trust has received the Gold level of LEED-Core & Shell certification for The Center for Life Science | Boston, the company’s approximately 700,000-square-foot research center located in Boston. The campus contains laboratory and office space situated in the heart of the city’s Longwood Medical Area. The center is currently 91 percent leased to Beth Israel Deaconess Medical Center, Children’s Hospital Boston, Dana Farber Cancer Institute, Immune Disease Institute and Kowa Company Ltd. BioMed Realty Trust now has more than 1.2 million square feet of LEED-certified research space in the Boston and Cambridge, Mass., markets.
FRISCO, TEXAS — Bravo Health Texas, Inc., Net Traffic, America Unit and DaVita Inc. have all signed leases at Hall Office Park, Hall Financial Group’s 15-building, master-planned, Class A office park in Frisco. Bravo Health Texas will take 4,775 square feet at 6801 Gaylord Parkway. Rebecca Griffin of Newmark Knight Frank negotiated the lease on behalf of the tenant. Net Traffic has signed a lease for 4,564 square feet at 3000 Internet Blvd.; and American Unit will occupy 3,950 square feet of space at 2801 Network Blvd. DaVita has signed on for 2,602 square feet at 6801 Gaylord Parkway. Louis Carpenter of USI Real Estate Brokerage Services, Inc. negotiated for the tenant. Jean C. Farris and Tammy Lomonaco handled all negotiations on behalf of the owner and landlord, Hall Financial Group.
PHOENIX — Pacifica Real Estate Group has purchased Southbank II, a 120,778-square-foot office building in Phoenix for $20.14 million. Located at 3255 E. Elwood, the property is fully occupied by two long-term net leases, including The University of Phoenix. The seller was A&B Properties. Bob Buckley, Steve Lindley and Tracy Cartledge of Grubb & Ellis|BRE Commercial represented both parties in the transaction.
ALPHARETTA, GA. — Delaware-based Maxum Indemnity Co. has signed a 25,708-square-foot lease for space in Alpharetta-based Gateway Windward’s Preston Ridge I office complex, located at 3655 N. Point Parkway in Alpharetta. The company is leaving its current location in Johns Creek, Ga., a move that represents an expansion of 10,000 square feet. Atlanta-based Lavista Associates’ Tom Davenport represented Maxum in the lease, and CB Richard Ellis represented the landlord. Preston Ridge I, a six-story, Class A property, encompasses 147,000 square feet.
WOODCLIFF LAKE, N.J. — Studley has negotiated two long-term leases totaling 160,000 square feet on behalf of Eisai Medical Research (EMR) in Woodcliff Lake. EMR will move its operation from a 210,000-square-foot build-to-suit at 100 Tice Blvd. to a 118,000-square-square-foot building at 155 Tice Blvd. and 41,000 square feet at 300 Tice Blvd. Gregg Najarian, Daniel Foley and Chip Conklin of Studley represented EMR in both transactions. Hartz Mountain Industries, landlord of 155 Tice Blvd., was represented by Emanuel Stern, Gus Milano and Ernie Christoph. The landlord of 300 Tice Blvd., Mack-Cali, was represented by Christopher DeLorenzo.