BOCA RATON, FLA. — First Capital has signed a lease for 16,000 square feet of office space at the Boca Village Corporate Centre located south of the Congress Avenue and Yamato Road intersection in Boca Raton. Boca Village Corporate Centre is the city’s first LEED-certified office facility. Green features include water reduction fixtures, reflective roof material to minimize heat exposure and the use of recyclable materials during construction. First Capital, which will occupy most of the 5th floor at the facility, was represented by Alice Lucia of Jones Lang LaSalle; Thomas Holtz of Butters Realty & Management represented the landlord in the transaction.
ROCHESTER HILLS, MICH. — L. Mason Capitani has brokered the sale of the 51,000-square-foot Budd Office Building in Rochester Hills. The glass building, which was listed for $3.98 million, will be converted from a single-occupant general office facility to a multi-tenant medical building. Mason L. Capitani and Gary Grochowski represented both the seller, Budd Park LLC, and the buyer, Barclay of Rochester Investment Group LLC, in the transaction. The acquisition price was not disclosed.
PEWAUKEE, WIS. — James Young of Colliers Barry has represented Guacamole LLC in the acquisition of a 17,800-square-foot office facility within the Bluemound East Business Park located at W223N608 Saratoga Rd. in Pewaukee. S.E.D. Partners, which was represented by Scott Furmanski of CB Richard Ellis, has sold the building for an undisclosed amount. Guacamole will occupy a portion of the property, with 6,000 square feet of Class B office space available for additional tenants. Diversified Insurance, the former tenant in the property, will lease space in a nearby office building.
CARTERET, N.J. — Cushman & Wakefield (C&W) has brokered the sale of 200 Milk Street, a 150,000-square-foot office building located in Carteret, for $14.7 million. The building is currently fully occupied by Pathmark Stores, which has an absolute net lease on the building until December 2011. Jose Cruz, Andrew Merin, David Bernhaut and Gary Gabriel of C&W’s Metropolitan Area Capital Markets Group brokered the transaction for the buyer, Cofinance Inc., and the seller, Lexington Realty Trust.
CARLSTADT. N.J. — Consolidated Carpet has acquired an 80,000-square-foot office/warehouse facility located in Carlstadt, and will relocate its Brooklyn, New York City, operations to the new facility. The building will serve as a corporate operations center and sales office, providing showroom and warehouse space. The company had previously been located in Brooklyn for almost 30 years. Consolidated Carpet’s headquarters will remain in Manhattan, New York City. The seller and the acquisition price were undisclosed.
DALLAS — Dallas-based Prescott Realty Group has signed a lease for the top three floors of the Walnut Glen Tower, an 18-story, Class A office building located in Dallas. Insurance and risk management firm McQueary Henry Bowles Troy (MHBT) has signed a 7-year lease to occupy 65,000 square feet of the building, which is located at 8144 Walnut Hill Lane. The firm will take occupancy in June 2009 after it relocates from its current office at 12700 Park Central Dr. Duane Henley of Brandywine Realty Trust represented Prescott in lease negotiations; MHBT was represented by Barclay Commercial Group.
SAN DIEGO — Johnson & Jennings General Contracting has completed construction of a 43,000-square-foot corporate office headquarters for National Pen Co. LLC. Located at 12121 Scripps Summit Dr. in San Diego, the $2.3 million project included build-out of 1.5 floors for corporate offices, a marketing department, training rooms and meeting facilities. Architectural features include upgraded lighting, flooring and millwork finishes. Marianne Berg of Carrier Johnson + Culture provided architectural services for the project. Transwestern is the building owner and property manager.
PEWAUKEE, WIS. — James Young of Colliers Barry has represented Guacamole LLC in the acquisition of a 17,800-square-foot office facility within the Bluemound East Business Park located at W223N608 Saratoga Rd. in Pewaukee. S.E.D. Partners, which was represented by Scott Furmanski of CB Richard Ellis, has sold the building for an undisclosed amount. Guacamole will occupy a portion of the property, with 6,000 square feet of Class B office space available for additional tenants. Diversified Insurance, the former tenant in the property, will lease space in a nearby office building.
FORT MYERS, FLA. — Fort Myers-based GCM Contracting Solutions has completed construction for Phase I of the Alico Business Park located on Lee Road in Fort Myers. Four building were constructed in the first phase, with three more being developed in subsequent phases. The seven-building community will total 130,800 square feet of space suitable for office, warehouse or industrial use. Each unit, which ranges from 1,500 to 20,000 square feet in size, has a minimum of four parking spaces with more than 300 spaces available for customer parking. Architect Richard E. Ditter designed the building; Greg Coleman served as the project manager.
LINCOLN, NEB. — Grubb & Eliss|Pacific Realty has acquired the assets of Greenleaf Properties and is merging the operation of the two existing offices in Lincoln. The combined company will be responsible for approximately 1.7 million square feet of property management assignments in Lincoln. President of Greenleaf Properties, Don Linscott, will remain with the firm; vice president for Grubb & Ellis|Pacific Realty, Cathi Johnson-Haisch, will be responsible for the newly expanded brokerage division within the combined operation. Mark Bronder has been appointed by Grubb & Ellis|Pacific Realty to become the vice president and director of the newly merged office.