STAMFORD AND GREENWICH, CONN. — Summit Development has acquired two buildings in Stamford and Greenwich from the Tribune Co. for $30 million. The first property is a 3-story, 90,000-square-foot building situated on 3.2 acres at 75 Tresser Blvd. in downtown Stamford. The second property is a 20,000-square-foot building situated on 0.37 acres at 20 E. Elm St. Greg Frisoli, Betcy Vincent, Michael DeSantis and Jim Fagan of Cushman & Wakefield represented the seller and procured the buyer in the transaction.
MIAMI — Bilzin Sumberg Baena Price & Axelrod LLP has signed an 115,000-square-foot, 10-year lease at Brickell Financial Centre, a 1.5-million-square-foot LEED-certified office, hotel and retail project in downtown Miami. The new office will expand Bilzin Sumberg’s space by 30,000 square feet. Danet Linares of Miami-based Foram Group represented the landlord, and the tenant was represented by Barbara Liberatore Black and Matthew Goodman of CRESA Partners’ Miami office.
OAK CREEK, WIS. — Butler, Wis.-based Berghammer Construction Corp. has completed Howell Avenue Professional Building, a two-story, 20,000-square-foot office building located on South Howell Avenue in Oak Creek. In addition to building construction, Berghammer also completed interior build-outs for two of the tenants, Wasserman & Associates and Oak Creek Pediatrics. The building was designed by Welman Architects, and is owned by RW Howell LLC, a partnership between Rick Ruvin and Dan Wasserman. The building is the first phase of a multi-phase development on the site.
NEW YORK CITY — Houlihan-Parnes/iCap Realty Advisors has brokered the sale of a 70,000-square-foot office building in the Bronx, New York City. A Brooklyn-based investor acquired the 3-story building, which is situated on 1 acre at 4770 White Plains Rd. The first floor features a loading dock and parking; the second and third floors are exclusively office space. The acquisition price was undisclosed.
HUNTINGTON, N.Y. — The Advantage Group has begun a renovation project at its headquarters in Huntington. The project will expand its corporate building from 20,000 square feet to approximately 34,000 square feet. Originally built in 1929, the building will feature a brick façade, a glass lobby, limestone columns, windows, and exposed ducts and brickwork. Project partners include Plainview, N.Y.-based Darren Construction. Construction is expected to take one year.
SUGAR LAND, TEXAS — Curtice Commercial Real Estate has completed the framing of the new 30,000-square-foot Founders Bank Plaza. Located at the southeast corner of Sweetwater and Lexington boulevards in the First Colony master-planned development in Sugar Land, the office/banking center will be anchored by Founders Bank. Jim McGregor and Charles Browne of Browne Penland McGregor Stephens Architects designed the building; Crossmark Commercial Construction LC is the general contractor. Founders Bank Plaza, which is scheduled to open in late summer, currently has space between 1,500 and 12,000 square feet for lease.
HOUSTON — Patrick Whitney of Marcus & Millichap’s Fort Worth, Texas, office, along with Joshua Lass-Sughrue and Jason Ridenbaugh of the firm’s Houston office, have facilitated the sale of a Diabetes America building in northwest Houston. The 16,000-square-foot, single-tenant medical office facility was acquired by a Chicago-based private investor. A private partnership based in Dallas sold the Class A building, which is located adjacent to Houston’s Cypress Fairbanks Medical Complex.
AMARILLO, TEXAS — McCartt & Associates, Commercial Real Estate Services has joined the Sperry Van Ness network and now operates at Sperry Van Ness/McCartt & Associates. The Amarillo-based firm comprises five brokers and is located at 600 S. Tyler.
SEATTLE — Capmark Finance Inc. has originated a $28 million floating-rate, interim loan for the acquisition of the 4th & Pike Building, an office property located in Seattle. An affiliate of The Mayfield Companies acquired the 99,491-square-foot property. Tenants of the property include Ben Bridge Jewelers, Quicksilver and Walking Company. Tom Bracken and Robert Newstead of Capmark Finance’s San Francisco office arranged the financing, which was funded by Wrightwood Capital.
VACAVILLE, CALIF. — Westrust has completed the 40,000-square-foot retail component of Nut Tree Valley, a 333,000-square-foot, mixed-use lifestyle center in Vacaville. The component consists of two Class A office buildings that are divisible by suites as small as 900 square feet. The two-story buildings offer signage opportunities along the freeway, freeway access, glass lines and elegant lobbies. Nut Tree Village offers more than 40 retailers and restaurants, as well as a 10,000-square-foot Market Pavilion.