LEXINGTON, S.C. — Columbia, S.C.-based Arnold Companies is redeveloping Southlake Center, a 42,504-square-foot, one-story office building in Lexington, for $1.8 million. The building is situated on 5 acres at 714 Southlake Dr. and is anchored by Amedisys, a home healthcare company. Construction began in May 2007 and is slated for completion in March.
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NEW YORK CITY — Marty and Eric Meyer of GVA Williams have negotiated the $32 million sale of 127 W. 25th St., a 12-story building in the Chelsea area of Manhattan, New York City. The undisclosed owner plans to renovate the 90,000-square-foot, Class B building. The Meyers represented both the buyer and the seller, 127 W. 25th Street Corp., in the transaction. In addition, the Myers have brokered the $28 million sale of 35 W. 36th St. in the Penn Plaza district of Manhattan. The property is 100 percent leased to 15 tenants and totals 57,636 square feet. Douglaston Equities sold the property to an undisclosed New York-based investor. GVA Williams represented both the buyer and the seller in the disposition. The building was sold 1 year ago for $19 million.
NEW YORK CITY — Marty and Eric Meyer of GVA Williams have negotiated the $32 million sale of 127 W. 25th St., a 12-story building in the Chelsea area of Manhattan, New York City. The undisclosed owner plans to renovate the 90,000-square-foot, Class B building. The Meyers represented both the buyer and the seller, 127 W. 25th Street Corp., in the transaction. In addition, the Myers have brokered the $28 million sale of 35 W. 36th St. in the Penn Plaza district of Manhattan. The property is 100 percent leased to 15 tenants and totals 57,636 square feet. Douglaston Equities sold the property to an undisclosed New York-based investor. GVA Williams represented both the buyer and the seller in the disposition. The building was sold 1 year ago for $19 million.
WILTON, CONN. — Luzern Associates has purchased Wilton Office Plaza in Wilton for $12.25 million from 372 Wilton Associates, LLC., an entity managed by Silverman Realty Group. The 88,078-square-foot office building is located along Route 7 and was approximately 44 percent leased at the time of the sale. The two-story facility should benefit from the widening of Route 7, which will allow access to interstate 84, 95 and Merritt Parkway. Jeffrey Dunne, Steven Bardsley and David Gavin of CB Richard Ellis represented the seller and procured the buyer in the sale.
WILTON, CONN. — Luzern Associates has purchased Wilton Office Plaza in Wilton for $12.25 million from 372 Wilton Associates, LLC., an entity managed by Silverman Realty Group. The 88,078-square-foot office building is located along Route 7 and was approximately 44 percent leased at the time of the sale. The two-story facility should benefit from the widening of Route 7, which will allow access to interstate 84, 95 and Merritt Parkway. Jeffrey Dunne, Steven Bardsley and David Gavin of CB Richard Ellis represented the seller and procured the buyer in the sale.
CARLSBAD, CALIF. — Zinola LP has purchased a 22,156-square-foot R&D building, which is located at 5816 Dryden Rd. in Carlsbad, for $3.4 million. Built in 1989 on 1.44 acres, the multi-tenant property is part of the Carlsbad Airport Center development. At the time of acquisition, the property was 100 percent leased to California Pegasus and Pelican Packaging. Brandon Keith of Commercial Realty Advisers represented the buyer; Paul Lafrenz, Shauna Fick, John Barksdale and Lars Eisenhauer of CB Richard Ellis represented the seller, California Pegasus LLC, in the transaction.
WILMINGTON, DEL. — J. Calnan & Associates have completed Wyeth Pharmaceuticals’ office building in Wilmington. The 50,000-square-foot facility features approximately 128 offices, 10 open office cubicle areas, added specialty rooms for seminars and presentations, and a mother’s room. The office build-out was a collaborative effort between J. Calnan & Associates, Jones Lang LaSalle, ADD, Inc. and RDK Engineers.
SAN DIEGO COUNTY, CALIF. — Phoenix-based Opus West is developing Horizon Tech Center @ Scripps Ranch in San Diego County. Situated on an 11.3-acre site, the 158,000-square-foot project is being constructed to meet LEED Green Building Rating Systems certification requirements. The three-building campus features large, efficient floor plates; floor-to-floor heights designed to accommodate extensive lab and clean room areas; and 10-foot finished ceiling heights for office areas. Opus Architecture & Engineering, along with RJC Architects, provided architectural services for the project.
MIDDLEBURG HEIGHTS, OHIO — Cleveland-based NAI Daus has brokered the sale of Interstate Plaza, a 62,073-square-foot office building located at the corner of Sprague and Pearl roads in Middleburg Heights, for $4.85 million, at an 8.41 percent capitalization rate. The property, which was 90 percent occupied at the time of closing, features an indoor, heated parking garage, a full-service deli and conference rooms. Dan Cooper and Bob Havasi of NAI Daus represented the seller, Illinois-based Baybrook Investors, as well as the buyer, locally based Interstate Plaza Co.
BURLINGTON, MASS. — New Boston Fund has sold Five Burlington Woods in Burlington to ELV Associates for an undisclosed price. The Class A, 103,973-square-foot office building was 94 percent leased at the time of the sale. Tenants include Hollister Associates, Linear Properties and Fay, Spofford & Thorndike. The three-story building sits on 3 acres just off of Route 128 within the Burlington Woods Office Park. Catherine Daume, Michael Smith, Scott Jamieson, Tamie Thompson, Gail McDonough and Daniel Koller of Jones Lang LaSalle represented the seller and procured the buyer in the transaction.