NEW YORK CITY — The Port Authority of New York and New Jersey and The Durst Organization have announced that One World Trade Center is ending the year by reaching a major milestone of leasing 2 million square feet of Class A office space. The 1,776-foot tall tower reached this milestone with the signing of two new leases for pre-built space on the property’s 84th floor: a 12,000-square-foot transaction with SHVO, an international developer of luxury residential, hospitality and mixed-use projects; and a 10,000-square-foot lease with Juno Lab, a sharing economy venture. One World Trade Center now includes a roster of 24 tenants in a variety of business sectors, including media, technology, financial services and advertising. The landlord, The Durst Organization, was represented in-house by Karen Kuznick, along with Tara Stacom, Justin Royce, Barry Zeller, Connor Daugstrup and Peter Trivelas of Cushman & Wakefield. Elliott Warren of the Kaufman Organization represented Juno Lab in the transaction, while SHVO was represented in-house.
SPRING, VICTORIA and LUBBOCK, TEXAS — Cain Brothers has arranged the sale of three Lutheran Social Services of the South (LSSS) senior living facilities for undisclosed prices. A joint venture of Brookdale and HCP acquired two of the communities: The Village at Gleannloch Farms, a 206-unit continuing care retirement community in Spring, and Copperfield Village, an 86-unit independent living facility in Victoria. Prime Life Communities acquired the final community, Wedgewood South, a 49-unit assisted living facility in Lubbock. As a result of the transactions, LSSS was able to retire all of its outstanding debt and retain net proceeds to fund its mission.
DALLAS — Jim Turano of Henry S. Miller Brokerage’s office division represented Park Tree North in the sale of their 46,000-square-foot office building in Dallas. The building is located at 17311 Dallas Parkway, just south of Trinity Mills Road. MYCON General Contractors purchased the building with plans to remodel and use it for their new headquarters. Nora Hogan of Transwestern represented the buyer in the transaction.
AUSTIN, TEXAS — Lone Star Transmission has purchased Building 2 within the New Mesa Oaks Professional Development in southwest Austin. Building 2 consists of 18,500 square feet and is part of a 120,000-square-foot development project. The sale brings the project to 62 percent occupancy, with two new 18,000-square-foot buildings delivering in the coming months available for lease and sale. Jerry Frey with CBRE represented the buyer and Matt Levin and Patrick Ley with Equitable Commercial Realty (ECR) represented the seller.
JANESVILLE, WIS. — CBRE has brokered the sale of a 67,680-square-foot industrial lease in Janesville, approximately 40 miles southeast of Madison. An affiliate of Sara Investment Real Estate sold the manufacturing facility to Backyard Properties of Rock Country LLC for an undisclosed price. The property, located at 2135 Beloit Ave., is 100 percent leaded to Tigre ADS USA Inc., a multinational manufacturer of construction products. Chase Brieman of CBRE represented the seller in the transaction.
JACKSON, MICH. — Colliers International has arranged a 1,200-square-foot retail lease in Jackson, approximately 35 miles west of Ann Arbor. Jackson Properties Inc. is leasing the space to HoneyBaked Ham. The property is located at 1083 N. Winser St. and will be the first HoneyBaked Ham location in Jackson. Paul Lichtenberg and Morry Levin of Colliers International represented the landlord in the transaction.
FORT LAUDERDALE, FLA. — NGKF Capital Markets has brokered the $13.8 million sale of a Class B office building located at 1100 W. McNab Road in Fort Lauderdale. The location will remain the headquarters of ChildNet, the community-based care lead agency for Broward and Palm Beach counties, which is the sole occupant of the property. Clark-Ohio Associates Inc. purchased the two-story, 82,854-square-foot building from Case Holding Co. Inc. Adam Greenberg, Michael Lapointe and Michael Lohmann of NGKF represented the seller in the transaction.
WEST PALM BEACH, FLA. — Salazar Jackson LLP has arranged the $12.5 million sale of a vacant apartment complex situated on 11 acres at 719 Executive Center Drive in West Palm Beach. Jeff Greene, a Palm Beach County-based real estate developer, purchased the parcel and shuttered apartment community from WPB Clearlake SPE LLC, a limited liability company based in Nevada. WPB Clearlake purchased the property from a Chapter 7 bankruptcy earlier this year. Linda Worton Jackson of Salazar Jackson represented the seller in the transaction. Matthew Rotolante and Mark King of SVN South brokered the deal. The buyer has not publicly announced his plans for the parcel.
CARY, N.C. — CBRE | Raleigh has brokered the sale of One Harrison Park, a three-story, 56,933-square-foot office building located in Cary, a suburb of Raleigh. Houston-based Griffin Partners purchased the property from Rosemont Realty LLC for an undisclosed price. Ben Kilgore of CBRE | Raleigh represented the seller in the transaction. The office building’s tenant roster includes Biosignia Inc.; Keyes, Fox & Wiedman LLP; and Leukemia & Lymphoma Society. Ed Pulliam and John Brewer of CBRE | Raleigh will continue leasing services for the building.
SAN JOSE, CALIF. — Boston Properties has sold Innovation Place, a 574,000-square-foot office campus in San Jose, for $207 million. The campus is located at 3100-3130 Zanker Road. The buyer was Broadcom. The 26-acre property includes four buildings, three of which are vacant. The property also includes land that supports an additional 537,000 square feet of office/R&D development and two parking structures with a total of 3,000 parking spaces.