SOMERSET, N.J. — SHI International, a technology software provider, has completed its 15-month relocation to its new headquarters. The company moved from Piscataway, N.J. to 290 Davidson Ave. in Somerset, a 420,000-square-foot facility, which is three times larger than SHI's pervious space. The property features two, five-story towers as well as a third ancillary building. Last year, Jones Lang LaSalle represented SHI in its purchase, and the firm's project and development services group managed the relocation.
NEW YORK CITY — A 630,000-square-foot enclosed fashion mall will break ground in the Bronx this spring, with the opening slated for late 2013 or early 2014. Prestige Properties plans to develop a three-level, $270 million mall located on an empty parcel at the Bay Plaza Shopping Center. The development will be anchored by Macy's, which is slated to occupy 160,000 square feet. The mall will also be physically connected to an existing JC Penney store at the Bay Plaza Shopping Center.
ALLENTOWN, PA. — Access Services, a non-profit organization that provides support services to individuals with special needs, has purchased 3975 Township Line Rd. in Allentown for $1.2 million. The building includes 15,912 square feet of office space. NAI Summit represented the seller, Lafayette Ambassador Bank. NAI also represented the buyer.
HOUSTON — Los Angeles-based TPG/CalSTRS, an affiliate of Thomas Properties Group, has sold the 806,004-square-foot Brookhollow Central, a three-building office property located 2800 N. Loop W. in Houston, for $8 million after closing costs and mortgage debt repayment. The sale comes after Thomas Properties Group repositioned the complex, including Comerica Bank's 220,000-square-foot lease.
DALLAS — Grapevine-based SQN Realty Finance and Houston-based Allen Harrison Co. have partnered to purchase the 240-unit Chimney Hill Apartments, located at 9637 Forest Ln. in Dallas. The property is approximately 90 percent occupied and is undergoing renovations. AHC Construction, an affiliate of Allen Harrison Co., will oversee property renovations, and Houston-based Mosaic Residential will manage the apartment complex.
HOUSTON — NAI Houston has arranged the sale of a 18,250-square-foot manufacturing facility, located at 11010 Wallisville Rd. in Houston. Chris Kugle and John Ferruzzo of NAI Houston represented the buyer, Zinc Texas Real Estate, in the transaction. Ryan Fuselier of Jones Lang LaSalle's Houston office represented the seller, Covalence Specialty Adhesives.
HOUSTON — Marcus & Millichap has brokered the sale of the 10,300-square-foot North Main Shopping Center, located at 2124 N. Main St. in Houston. Jerry Goldstein of Marcus & Millichap's Houston office represented the seller, a private investor, in the transaction.
LOS ANGELES — MARCH Vision Care has signed a 17,000-square-foot lease expansion at 6601 Center Drive in Los Angeles. The Class A office building is part of the Howard Hughes Center. The vision care management services provider will continue to occupy 10,000 square feet at neighboring 6701 Center Drive. It will occupy the second floor of its newest building by February. MARCH Vision Care was represented by Brian Davies and Dave Toomey of Cresa Los Angeles. The building’s landlord, Equity Office Properties, was represented by Rick Buckley and Beau Rawi of LA Realty Partners.
LOS ANGELES — Two law firms have leased a total of 14,800 square feet at Los Angeles’ Wilshire Bundy Plaza. Rogan and Lehrman, LLP and Trope & Decarolis have both leased space on the 13th floor of this 14-story building. The consideration for these five-year leases is just less than $3 million. The landlord, Douglas Emmett Company, was represented by Mitchell Stokes of Madison Partners in these transactions.
LOS ANGELES – The 30-unit Chateau Normandie has sold to Safco Capital Corp. for $1,775,000. The apartment complex is located at 756 South Normandie Ave. The seller was J & B Asset Management/Normandie Apartments LLC. The transaction was negotiated by Brent Sprenkle of Hendricks & Partners’ West Los Angeles office.