BUFFALO GROVE, ILL. — Electronic Recycling Services, a global e-waste manager and electronics recycler, has acquired a 53,300-square-foot industrial building at 1500 Busch Parkway in Buffalo Grove. Robin Stolberg and Kurt Sarbaugh of Jones Lang LaSalle represented the seller, ECD Co., in the transaction. Greg Block and Daniel Hyman of Millenium Properties represented the buyer.
NEW YORK CITY — Waterbridge Capital has acquired 37 W. 19th St., a seven-story loft building with ground-floor retail in Manhattan for $10.2 million. The building contains six full-floor units atop a retail center. Brian Hosey of Marcus & Millichap represented the seller, a private investor in the transaction. Michael Federman and Peter Mannarino of Federman Steifman were the seller's attorneys. Hosey also represented the buyer.
BOSTON — Suffolk Construction has been selected to manage the construction of One Channel Center in Boston's Innovation District. A joint venture between AREA Property Partners and Commonwealth Ventures is developing the $125 million project. Crews will construct a 525,000-square-foot, 11-story office building and a 10-level parking garage. When complete, State Street Corp. will occupy the building. The scope of the project will also include the creation of two open-space areas: the 72,000-square-foot New Park and the 9,000-square-foot Iron State Park. The Suffolk project team will also manage streetscape improvements such as new sidewalks, trees and lighting. Suffolk is partnering with architecture firm ADD Inc. for the office portion of the project and architect Spalding Tougias Architects for the parking garage. Construction is scheduled for completion in 2014.
SOUTH PLAINFIELD, N.J. — WP Realty and Angelo, Gordon & Co. have acquired Oak Park Commons, a one-story, 136,939-square-foot community shopping center in South Plainfield. The center is located in Middlesex County, approximately 22 miles southwest of Manhattan. A 60,025-square-foot A&P Supermarket anchors the property. Oak Park Commons is 76 percent occupied, with 33,508 square feet of available space. The center includes a mix of national, regional and local tenants.
STAMFORD, CONN. — Tweedy, Browne Co., an investment advisory firm, will relocate its headquarters from Park Avenue in Manhattan to the Metro Center building, adjacent to the Stamford Transportation Center. The company signed a 10-year lease for 24,421 square feet of office space. Malkin Construction is building out the space and the firm is expected to relocate in early 2013. Brian Goldman and Daniel Hassett of Newmark Grubb Knight Frank represented the tenant in the transaction. The landlord, Malkin Properties, was self-represented by Jeffrey Newman, Kimberly Zaccagnino and Tara Long.
NEW YORK CITY — Hudson Realty Capital has funded a $9.1 million first mortgage loan secured by a 90,000-square-foot office building in Brooklyn. The sponsor plans to use the loan for a discounted payoff and to establish operating and interest reserves. The Class B property is located at 540 Atlantic Ave. and will undergo upgrades to include the conversion of two floors into executive office space. The building is one block from Atlantic Terminal and two blocks from Atlantic Yards, a mixed-use development that includes the Barclays Center arena.
BELLAIRE — Satterfield & Pontikes Construction has recently finished the 78,000-square-foot Jack T. Trotter Academics & Sciences Building, a $14 million high-tech facility on Episcopal High School's campus in Bellaire. The facility offers wireless white boards, touch-screen computers, a two-story lobby, classrooms, science and language labs, performing arts and administrative areas. Jackson & Ryan Architects designed the facility.
PARIS — A 375,000-square-foot industrial facility, located on 89 acres at 2020 19th St. NW in Paris, has recently sold. Bob Chodos, Chris Cummings and Allen Gump of Colliers International represented the seller, Sara Lee Diversified LLC, in the transaction. The buyer was NWC-Paris LLC.
SEAGOVILLE — Cadence McShane Construction Co. has completed the development of the 106,462-square-foot Seagoville North Elementary School, located at 1900 Seagoville Road in Seagoville. The school is within the Dallas Independent School District and will serve approximately 810 pre-kindergarten through fifth-grade students. The school will feature 39 classrooms, science labs, computer labs, a media center, multipurpose room, kitchen, cafeteria, library and gymnasium space. PageSoutherlandPage designed the school to meet the Collaborative for High Performance School Design Guidelines. The school is part of the 2008 Dallas ISD Bond Program, a $1.35 billion capital improvement plan.
HOUSTON — The 1.7 million-square-foot JPMorganChase Tower, a 75-story office tower located at 600 Travis St. in downtown Houston, has experienced a frenzy of leasing activity. The tower is now more than 96 percent leased, thanks to leases totaling more than 145,000 square feet. Linn Energy has expanded its lease by 58,944 square feet, which brings the total to 175,000 square feet. Trey Strake and Chris Oliver of Cushman & Wakefield represented the tenant in lease negotiations. Hines is the property manager of JPMorganChase Tower. Other leasing activity includes Breitburn Energy Partners expanding its lease by 22,561 square feet for a total of 66,045 square feet; Indigo Minerals and M2 Midstream renewed leases for 21,900 square feet; Denham Capital Management renewed its lease for 13,191 square feet; Crest Investment Co. renewed its lease for 11,493 square feet; KKR has expanded its lease by 9,286 square feet for a total of 23,291 square feet; McMurrey Investment Advisors signed a lease for 5,281 square feet; and KeyBank National Association signed a lease for 2,533 square feet.