If you listen closely to your computer, you can hear a faint clicking sound. No, that’s not your hard drive dying on you. That’s the sound of movers across the country fighting for clicks on the Internet.
Pay per click (PPC) is becoming the marketing campaign of choice for movers of all shapes and sizes in most major markets. Its appeal is undeniable: Ad campaigns can be set up quickly, they’re inexpensive (you pay only when someone clicks on your ad) compared to other marketing alternatives and they’re very easy to monitor.
But beware. Not all clicks are created equal. In the New York market, we’re seeing a trend on Google of moving companies driving up the price for clicks on the most popular search phrases (such as “NY mover”). It’s basic supply and demand at work: Marketing dollars that used to be spent on Yellow Pages are being poured into pay per click campaigns, which is driving up the price for the most common keyword phrases.
Pick Your Clicks Carefully
Your strategy for getting solid commercial leads through pay per click is pretty simple. Stay away from general phrases like “moving company NY” or “storage NY” which can run you north of $15 a click. Instead, focus on niche keyword phrases that are undervalued(typically under $3 per click) in the market.
Following are some commercial keyword phrases that work for us in NY and that you may want to consider for your O&I marketing. Note: Make sure to substitute your city for NY:
“nyc office movers”
“nyc commercial warehouse”
“nyc commercial storage”
“nyc warehousing”
“nyc record storage”
Let us know if you have any keyword phrases that are working for you in your PPC efforts. Also, feel free to contact me if you need help getting your pay per click campaigns going.
Wednesday, March 3, 2010
New O&I Leads Week of 3-1-10
California
Burlingame, CA- MacCorkle Insurance Service leased 18,074 square feet at 577 Airport Road in Burlingame, CA. The full service insurance brokerage will relocate from 1650 Borel Place in San Mateo, and will occupy the entire fifth floor of the new building in July. The Airport Boulevard property is a Class A, 133,900-square-foot office building located near San Francisco International Airport, Highway 101 and interstates 380, 280 and 92. James Lees and Timothy Grant of CB Richard Ellis represented the landlord,
Cupertino, CA- Panasonic Digital Concepts Center signed a 50,322-square-foot lease for seven years at 10900 N. Tantau Ave. in Cupertino, CA. Built in 2009, the two-story, 102,360-square-foot, LEED-silver office building sits on 5.6 acres in the Cupertino Crossing business park. Panasonic is scheduled to take occupancy in May. Todd Shaffer, Mary Blaser and Patty McGuigan with Cornish & Carey represented the landlord, Tate Diversified Development. Nancy Morse with Grubb & Ellis in San Jose represented Panasonic
San Francisco, CA- Yelp expanded to the top two floors of the 10-story building at 706 Mission in San Francisco, CA. The online social site already occupied floors three, seven and eight. This 20,000-square-foot expansion will put it in a total of 50,000 square feet in the building.
San Diego, CA - M2M Construction LLC signed a two-year, $129,000 lease for 3,064 square feet of office space in the Sunroad Corporate Centre at 4445 Eastgate Mall from Sunroad Eastgate Mall Partners LP. Eric Vann and Brunson Howard of Cushman & Wakefield represented the lessor, while the lessee represented itself.
Colorado
Denver, CO- Green, Manning, Bunch, an investment firm, signed a lease for 9,179 square feet at 1515 Wynkoop Street in Denver.
Florida
CORAL GABLES, FL - The law firm Colson Hicks Eidson has signed a 10-year lease to relocate its office to 255 Alhambra in Coral Gables. As the new lead tenant, the firm will occupy the penthouse floor and receive naming rights to the building. The expected move-in date is July 2010. Colson Hicks Eidson has leased the 17,000sf penthouse in the 13-story building.
FORT LAUDERDALE, FL - Crown CenterMidgard Management announced that Cruise One signed a lease for 17,000 sf at Crown Center. Cruise One will occupy 1201 W. Cypress Creek Road at Crown Center.
FORT LAUDERDALE, FL - Cushman & Wakefield announced that Specialty Sports Publications, an affiliate of Universal Sports Publications, has signed a lease for its first office in South Florida. Specialty Sports Publications signed a lease for 2,985sf on the third floor of the AmTrust Bank Plaza, at 8211 West Broward Blvd. in Plantation.
Georgia
Duluth, GA- Navicure signed a 23,000-square-foot lease at Overlook at Sugarloaf in Duluth, GA. The internet-based medical claims clearinghouse firm chose the new location to meet the company's continual growth. The six-story, 140,000 square-foot office building at 2055 Sugarloaf Circle was built in 2000 in Atlanta's Northeast submarket. Rob Metcalf, Brannan Moss and Shannon Gordon of Jones Lang LaSalle secured the deal for Navicure.
Illinois
Chicago, IL- Garrett Realty & Development, Inc. has announced that Galt Baby has signed a 10-year lease for approximately 5,000 square-feet at 1915 North Clybourn Avenue in Lincoln Park. Galt Toys + Galt Baby has offered unique and innovative children's products for over 30 years. It offers an extensive selection of strollers, baby gear, car seats, furniture, and toys. The new Lincoln Park store will be its third location with other stores currently in Northbrook Court and 900 North Michigan Avenue. The store is scheduled to open in Spring, 2010. Mable Gin of Maven Services Group represented Galt Baby in the transaction
Chicago, IL- Channel Velocity, Inc., an online channel-management services firm, has signed a five-year lease in 6,000-square-feet for its headquarters location on the top floor of this River North loft office building. Chad Tepley & David Schraufnagel from Garrett Realty & Development represented Channel Velocity in the transaction. Keith Weinstein from Winston Management represented the property's owner.
Glenview, IL- Navman Wireless has signed a long-term lease to relocate its global headquarters in 9,000 square feet of first-floor office space at Opus Gateway at The Glen in Glenview, Ill. Navman Wireless is one of the world's largest providers of Global Positioning System (GPS)-based vehicle tracking and fleet management solutions.Sean Kropke at CB Richard Ellis represented Opus North and Jon Knight of Knight Corporation represented Navman Wireless in the transaction.
Libertyville, IL- Noise Barriers LLC, a manufacturer and installer of sound control systems, inked a deal for the entire 46,612-square-foot building at 2001 W. Kelley Court in Libertyville, IL. It will take occupancy in June. The property is in the Northwind Business Center in the South Lake County Industrial submarket. Constructed in 2001 with reinforced concrete, the 46,612-square foot building features 10 percent office build-out, multiple loading docks and drive-in doors, heavy power and 22-foot clear heights. Mark Deady with GVA Chicago represented the tenant.
Massachusetts
Wakefield, MA- Epsilon, a leading marketing services firm, signed a 22,000-square-foot expansion lease at 601 Edgewater Drive in Wakefield, MA. This will bring the company’s total square footage occupied to 135,000 square feet. The building is a Class A, 145,983-square-foot office property in the Lynnfield/Wakefield submarket. Mike O'Leary and John Boyle of FHO Partners represented the tenant.
Minnesota
Eagan, MN- Toshiba Business Solutions leased 24,142 square feet at the Grand Oak Office V in Eagan, MN. The office equipment company signed for a four-year term. The 26,915-square-foot office building at 960 Blue Gentian Road was constructed in 1999 and is part of the Grand Oaks Business Park. The facility has 16,580 square feet of office space and 10,335 square feet of showroom space.
New Jersey
Parsippany, NJ- LEO Pharma Inc. leased 12,654 square feet at 1 Sylvan Way in Parsippany NJ. The pharmaceutical company is relocating its U.S. headquarters. The 150,000-square-foot office building is situated on 23 acres within the Mack-Cali Business Campus. The facility features top of the line amenities including a full service cafeteria, conference center and covered parking. CB Richard Ellis' Senior Vice Presidents Carolyn Sica and Kurt Burdack represented the tenant, while Brian Decillis and Diane Chayes of Mack-Cali Realty Corp. represented the landlord, in-house.
Tennessee
Nashville, TN- Grooms Engines, a remanufacturer of engines, leased the entire facility at 1414 Fourth Ave. S. in Nashville. The 109,515-square-foot distribution building was built in 1950 in the IBD Industrial submarket. Mike Russell and Ben McKnight of Horrell Co. represented the tenant in the transaction.
Texas
Austin, TX- St. Jude Medical Inc., a medical device and tech developer, leased 91,569 square feet at 6300 Bee Caves Road in Austin. Known as Palisades West II, the Class A, 156,872-square-foot office building was constructed in 2008. It is in the Southwest submarket and is currently seeking LEED certification. Mike Brown of Cousins Properties Inc. represented the landlord, Palisades West LLC. John Childers of Jones Lang LaSalle represented the tenant.
Houston, TX- KBR signed the largest office deal in the United States in nearly two years, leasing a total of 1.2 million square feet in Houston. Brookfield Properties extended the construction company's 700,000-square-foot headquarters lease at KBR Tower, as well as a 300,000-square-foot lease at 500
Jefferson St. KBR is also taking an additional 234,000 square feet in both office buildings. The renewal annuls KBR's previously announced plans to relocate its headquarters to nearby Katy, TX, where the company had been planning a 910,000-square-foot campus. Those plans came to a standstill after the market took a tumble at the end of 2008, but the company maintained its intent on relocating to West Houston at a later time. Now, KBR has opted to stay downtown, its home for about 20 years.
Wisconsin
Wales, WI- Maddison Automotive, Inc. recently leased the 11,651-square-foot former Just Oak and More building located in Wales, Wis., from Kim's Real Estate LLC. James Young of Milwaukee-based Colliers Barry brokered the transaction. Maddison Automotive will open a new auto repair business at this location, and was attracted to this building due to its exposure on Wales Road, also known as Highway 83.
Milwaukee, WI- CCR Acquisitions has leased the 21,172-square-foot former Badger Wholesale building in Hartland, Wis., from Myra Properties LLC. James Young of Colliers Barry brokered the transaction. The tenant will relocate from its existing Brookfield, Wis., location and expand its silk-screening and distribution operations.
Burlingame, CA- MacCorkle Insurance Service leased 18,074 square feet at 577 Airport Road in Burlingame, CA. The full service insurance brokerage will relocate from 1650 Borel Place in San Mateo, and will occupy the entire fifth floor of the new building in July. The Airport Boulevard property is a Class A, 133,900-square-foot office building located near San Francisco International Airport, Highway 101 and interstates 380, 280 and 92. James Lees and Timothy Grant of CB Richard Ellis represented the landlord,
Cupertino, CA- Panasonic Digital Concepts Center signed a 50,322-square-foot lease for seven years at 10900 N. Tantau Ave. in Cupertino, CA. Built in 2009, the two-story, 102,360-square-foot, LEED-silver office building sits on 5.6 acres in the Cupertino Crossing business park. Panasonic is scheduled to take occupancy in May. Todd Shaffer, Mary Blaser and Patty McGuigan with Cornish & Carey represented the landlord, Tate Diversified Development. Nancy Morse with Grubb & Ellis in San Jose represented Panasonic
San Francisco, CA- Yelp expanded to the top two floors of the 10-story building at 706 Mission in San Francisco, CA. The online social site already occupied floors three, seven and eight. This 20,000-square-foot expansion will put it in a total of 50,000 square feet in the building.
San Diego, CA - M2M Construction LLC signed a two-year, $129,000 lease for 3,064 square feet of office space in the Sunroad Corporate Centre at 4445 Eastgate Mall from Sunroad Eastgate Mall Partners LP. Eric Vann and Brunson Howard of Cushman & Wakefield represented the lessor, while the lessee represented itself.
Colorado
Denver, CO- Green, Manning, Bunch, an investment firm, signed a lease for 9,179 square feet at 1515 Wynkoop Street in Denver.
Florida
CORAL GABLES, FL - The law firm Colson Hicks Eidson has signed a 10-year lease to relocate its office to 255 Alhambra in Coral Gables. As the new lead tenant, the firm will occupy the penthouse floor and receive naming rights to the building. The expected move-in date is July 2010. Colson Hicks Eidson has leased the 17,000sf penthouse in the 13-story building.
FORT LAUDERDALE, FL - Crown CenterMidgard Management announced that Cruise One signed a lease for 17,000 sf at Crown Center. Cruise One will occupy 1201 W. Cypress Creek Road at Crown Center.
FORT LAUDERDALE, FL - Cushman & Wakefield announced that Specialty Sports Publications, an affiliate of Universal Sports Publications, has signed a lease for its first office in South Florida. Specialty Sports Publications signed a lease for 2,985sf on the third floor of the AmTrust Bank Plaza, at 8211 West Broward Blvd. in Plantation.
Georgia
Duluth, GA- Navicure signed a 23,000-square-foot lease at Overlook at Sugarloaf in Duluth, GA. The internet-based medical claims clearinghouse firm chose the new location to meet the company's continual growth. The six-story, 140,000 square-foot office building at 2055 Sugarloaf Circle was built in 2000 in Atlanta's Northeast submarket. Rob Metcalf, Brannan Moss and Shannon Gordon of Jones Lang LaSalle secured the deal for Navicure.
Illinois
Chicago, IL- Garrett Realty & Development, Inc. has announced that Galt Baby has signed a 10-year lease for approximately 5,000 square-feet at 1915 North Clybourn Avenue in Lincoln Park. Galt Toys + Galt Baby has offered unique and innovative children's products for over 30 years. It offers an extensive selection of strollers, baby gear, car seats, furniture, and toys. The new Lincoln Park store will be its third location with other stores currently in Northbrook Court and 900 North Michigan Avenue. The store is scheduled to open in Spring, 2010. Mable Gin of Maven Services Group represented Galt Baby in the transaction
Chicago, IL- Channel Velocity, Inc., an online channel-management services firm, has signed a five-year lease in 6,000-square-feet for its headquarters location on the top floor of this River North loft office building. Chad Tepley & David Schraufnagel from Garrett Realty & Development represented Channel Velocity in the transaction. Keith Weinstein from Winston Management represented the property's owner.
Glenview, IL- Navman Wireless has signed a long-term lease to relocate its global headquarters in 9,000 square feet of first-floor office space at Opus Gateway at The Glen in Glenview, Ill. Navman Wireless is one of the world's largest providers of Global Positioning System (GPS)-based vehicle tracking and fleet management solutions.Sean Kropke at CB Richard Ellis represented Opus North and Jon Knight of Knight Corporation represented Navman Wireless in the transaction.
Libertyville, IL- Noise Barriers LLC, a manufacturer and installer of sound control systems, inked a deal for the entire 46,612-square-foot building at 2001 W. Kelley Court in Libertyville, IL. It will take occupancy in June. The property is in the Northwind Business Center in the South Lake County Industrial submarket. Constructed in 2001 with reinforced concrete, the 46,612-square foot building features 10 percent office build-out, multiple loading docks and drive-in doors, heavy power and 22-foot clear heights. Mark Deady with GVA Chicago represented the tenant.
Massachusetts
Wakefield, MA- Epsilon, a leading marketing services firm, signed a 22,000-square-foot expansion lease at 601 Edgewater Drive in Wakefield, MA. This will bring the company’s total square footage occupied to 135,000 square feet. The building is a Class A, 145,983-square-foot office property in the Lynnfield/Wakefield submarket. Mike O'Leary and John Boyle of FHO Partners represented the tenant.
Minnesota
Eagan, MN- Toshiba Business Solutions leased 24,142 square feet at the Grand Oak Office V in Eagan, MN. The office equipment company signed for a four-year term. The 26,915-square-foot office building at 960 Blue Gentian Road was constructed in 1999 and is part of the Grand Oaks Business Park. The facility has 16,580 square feet of office space and 10,335 square feet of showroom space.
New Jersey
Parsippany, NJ- LEO Pharma Inc. leased 12,654 square feet at 1 Sylvan Way in Parsippany NJ. The pharmaceutical company is relocating its U.S. headquarters. The 150,000-square-foot office building is situated on 23 acres within the Mack-Cali Business Campus. The facility features top of the line amenities including a full service cafeteria, conference center and covered parking. CB Richard Ellis' Senior Vice Presidents Carolyn Sica and Kurt Burdack represented the tenant, while Brian Decillis and Diane Chayes of Mack-Cali Realty Corp. represented the landlord, in-house.
Tennessee
Nashville, TN- Grooms Engines, a remanufacturer of engines, leased the entire facility at 1414 Fourth Ave. S. in Nashville. The 109,515-square-foot distribution building was built in 1950 in the IBD Industrial submarket. Mike Russell and Ben McKnight of Horrell Co. represented the tenant in the transaction.
Texas
Austin, TX- St. Jude Medical Inc., a medical device and tech developer, leased 91,569 square feet at 6300 Bee Caves Road in Austin. Known as Palisades West II, the Class A, 156,872-square-foot office building was constructed in 2008. It is in the Southwest submarket and is currently seeking LEED certification. Mike Brown of Cousins Properties Inc. represented the landlord, Palisades West LLC. John Childers of Jones Lang LaSalle represented the tenant.
Houston, TX- KBR signed the largest office deal in the United States in nearly two years, leasing a total of 1.2 million square feet in Houston. Brookfield Properties extended the construction company's 700,000-square-foot headquarters lease at KBR Tower, as well as a 300,000-square-foot lease at 500
Jefferson St. KBR is also taking an additional 234,000 square feet in both office buildings. The renewal annuls KBR's previously announced plans to relocate its headquarters to nearby Katy, TX, where the company had been planning a 910,000-square-foot campus. Those plans came to a standstill after the market took a tumble at the end of 2008, but the company maintained its intent on relocating to West Houston at a later time. Now, KBR has opted to stay downtown, its home for about 20 years.
Wisconsin
Wales, WI- Maddison Automotive, Inc. recently leased the 11,651-square-foot former Just Oak and More building located in Wales, Wis., from Kim's Real Estate LLC. James Young of Milwaukee-based Colliers Barry brokered the transaction. Maddison Automotive will open a new auto repair business at this location, and was attracted to this building due to its exposure on Wales Road, also known as Highway 83.
Milwaukee, WI- CCR Acquisitions has leased the 21,172-square-foot former Badger Wholesale building in Hartland, Wis., from Myra Properties LLC. James Young of Colliers Barry brokered the transaction. The tenant will relocate from its existing Brookfield, Wis., location and expand its silk-screening and distribution operations.
Tuesday, February 16, 2010
O&I Buzz Activity 2-16-10
California
Buena Park, CA- Third-party logistics company Saddle Creek Corp. is renewing and expanding at 6565 Knott Ave. in Buena Park, CA, leasing 626,304 square feet. The 668,335-square-foot industrial building was built in 1962 and renovated in 2001. Saddle Creek, which already occupies about half of the building, is moving its new space at the end of 2010.
Los Angeles, CA-Fandango, a Web site frequented by moviegoers for ticket purchases and all things movie related, signed a seven-year lease to renew 17,865 square and expand into 12,135 square feet at 12200 W. Olympic Blvd. in Los Angeles. One of three Class A office buildings in the Westside Media Center, the 150,302-square-foot property won a 2009 BOMA award for "The Outstanding Building of the Year." Fandango will move onto the fourth floor of the property in the second quarter.
Santa Rosa, CA- Siduri Wines, a 15-year-old wine manufacturer, signed a 10-year lease for 30,000 square feet in the industrial building at 981 Airway Court in Santa Rosa, CA. The 81,072-square-foot building was constructed in 1985. Larry Goodwin of Goodwin Property Management represented both the tenant and the landlord, Nasser Zaghi. (By: Michael Spang)
San Jose, CA- Align Technology Inc. fully leased two buildings in Valley Research Centre in San Jose for a total of 129,024 square feet. The Santa Clara-based medical device company signed a 7-year deal. Located at 2560 and 2570 Orchard Parkway, the two-story flex facilities were built in 1999 and measure 64,512 square feet each. Align Technology is relocating its headquarters from 881 Martin Ave. in Santa Clara in June. George Fox and Hamilton Southworth of Studley in Palo Alto represented the tenant.
District of Columbia
Washington, DC-Fried, Frank, Harris, Shriver & Jacobsen LLP is relocating its Washington, DC office, leasing 102,000 square feet at Lafayette Tower. The international law firm signed a 16-year deal, slated to commence in about a year.
The 11-story, 245,000-square-foot office tower at 801 17th St. N.W. delivered early last year, near the White House and Lafayette Park. Designed by architects Kevin Roche, John Dinkeloo & Associates LLC (KRJDA) and developed by Louis Dreyfus Property Group, Lafayette Tower is the first office building in the District to be certified LEED Platinum, and one of only two such buildings in the United States.
Florida
Jacksonville, FL- Cardinal Straws signed a lease for 50,539 square feet of industrial space at 5515 W. Fifth St. in Jacksonville, FL. The company produces and delivers a full range of straw products. The property at 5515 W. Fifth St. is a 102,418-square-foot industrial building that was built in 1969.
St. Petersburg, FL- Galen College of Nursing signed a seven-year, 35,000-square-foot sublease in the Danka Building at the Roosevelt Corporate Center in St. Petersburg, FL. The Louisville-based technical school will occupy part of the second floor. The four-story, 166,036-square-foot office building at 11101 Roosevelt Blvd. was built in 2003 in the Gateway submarket. Tim Kilkelly of CNL Commercial Real Estate represented Konica Minolta, the sublandlord. Jack Hoskins of CB Richard Ellis represented Galen College of Nursing.
Georgia
Atlanta, GA- Turner Construction was also awarded a $63 million contract by the Georgia Institute of Technology to provide construction services on the G. Wayne Clough Undergraduate Learning Commons, set for delivery in May 2011. The 220,000-square-foot Learning Commons will include classrooms, science labs, lecture halls, a Language Resource Center and other learning facilities.
Atlanta- GA- Transwestern signed a 12,537-square-foot lease at Tower Place 100 at 3340 Peachtree Road in Atlanta, GA. The company is moving its southeast regional headquarters from Tower Place 200. The 29-story, 609,936-square-foot, Class A office building was built in 1974 and is in the Upper Buckhead submarket. Greg Baxendale, a Transwestern vice president, represented the tenant in-house
Illinois
Chicago, IL-The Federal Deposit Insurance Corp. (FDIC) said last week that it is opening a temporary satellite office northwest of Chicago to manage receiverships and liquidate assets from failed banks in the Midwest. The government-owned company signed a three-year lease for about 150,000 square feet at 200 N. Martingale Road in Schaumburg, IL. Occupancy is scheduled for April.
Kansas
Kansas City, KS-Performance Auto Group acquired 8 acres in Kansas City, KS, where it plans to construct a 36,000-square-foot building to LEED specifications to be the new home of Performance Toyota of Kansas City. The groundbreaking date is set for March and it is estimated to complete by November. They are currently located at 7301 State Avenue Kansas City, KS.
Maryland
Fulton, MD- The United Methodist Church, Baltimore-Washington Conference, acquired a 1.53-acre land parcel in the Maple Lawn development at 11711 E. Market Place in Fulton, MD, from Greenebaum & Rose Associates for $1.26 million, or about $823,529 per acre. The organization purchased the land to build a new conference center -- a 34,375-square-foot, 2.5-story office building. The group plans to relocate from 7178 Columbia Gateway Drive in Columbia to its new building when construction is completed this August
Massachusetts
Peabody, MA- Barton & Associates Inc., an executive search company, signed a 21,732-square-foot lease to relocate its corporate offices to 10 Dearborn Road in Peabody, MA. The three-story, 42,345-square-foot office building was built in 2001 in the Peabody/Salem submarket. Demetri Koutrouvelis of Studley represented Barton & Associates.
New Jersey
Eatontown, NJ- Wentworth Group is relocating its headquarters, signing a 10-year deal for 15,500 square feet at 17-21 Christopher Way in Eatontown, NJ. The property management services firm expects to take occupancy in second quarter 2010. The 45,000-square-foot flex building was built in 2000 in the Eastern Monmouth Industrial submarket.
South Brunswick, NJ-Late last month, Williams-Sonoma fully leased Middlesex I, a 1.35 million-square-foot distribution center in South Brunswick, NJ. IDI signed the kitchenware and home furnishings retailer to a 12-year term, set to commence in June. Located near the ports of New Jersey and New York at 340 Middlesex Center Blvd., the distribution building delivered in 2007. It is the first of three facilities that will comprise IDI's Middlesex Center, a 2.5 million-square-foot industrial park currently under development. Williams-Sonoma is consolidating from two other locations and intends to use the facility to serve its northeastern and international operations.
Ohio
Cleveland, OH- Rosetta, a digital interactive marketing agency based in New Jersey, leased 80,000 square feet at 629 Euclid Ave. in Cleveland, OH, in a 10-year lease deal. The company plans to renovate the 11th through 15th floors to create more open workspaces with modern fixtures and glass windows. Rosetta plans to add the 17th floor to create a penthouse office space to accommodate a conference room, training center and a cafe. Renovations have begun and Rosetta will occupy the space in September.
Pennsylvania
Hatboro, PA- Benjamin Foods leased the entire industrial facility at 1001 S. York Road in Hatboro, PA. The food distributor plans to move into the space in March. The 122,432-square-foot distribution building was built in 1973 in the East Montgomery County Industrial submarket. Patrick Brady and Paul French of Binswanger represented the landlord, Vornado Realty Trust. Chris Pennington, also of Binswanger, represented the tenant.
Concord Township, PA- Crozer-Keystone Health System signed a 12-year lease for 42,000 square feet in the proposed building at 500 Evergreen Drive in Concord Township, PA. The health care provider currently occupies 64,500 square feet in a neighboring building and is expanding to the new location spring 2011. The three-story, 60,000-square-foot medical office building is scheduled to break ground in April 2010 and deliver in 2011.
Perry Township, PA- Shaft Drillers International, a global company in the heavy, civil and underground mining construction industries, will relocate its corporate headquarters to Greene County, PA, Pennsylvania Gov. Edward G. Rendell said. Shaft Drillers will move its headquarters to a proposed 44,500-square-foot building at the Meadowridge Business Park in Perry Township, helping to retain 146 existing employees and create 100 jobs in southwestern Pennsylvania. The project was coordinated through the Governor's Action Team, economic development professionals who work directly with businesses that are considering locating or expanding in the state.
Tennessee
Nashville, TN- Computer Science Corp. (CSC), a technology software provider based in Falls Church, VA, leased 11,244 square feet at 2525 Perimeter Place Drive in Nashville, TN. The 135,355-square-foot flex building was built in 1986 in the East Industrial submarket. It is part of the Greenbriar Business Park. Bruce Bourque of Jones Lang LaSalle represented the tenant.
Virginia
Arlington, VA- Centra Technology, a government contractor, signed a 10-year lease for 44,186 square feet in the office building at 4121 Wilson Blvd. in Arlington, VA. The 11-story building totals 175,058 square feet in the Stafford Place II office park. Centra’s lease includes a renewal of 21,986 square feet and an expansion of 22,200 square feet to occupy the second, third and eighth floors. Centra is a high-technology small business providing security, analytic, technical, engineering and management support to the government and private sectors.
Buena Park, CA- Third-party logistics company Saddle Creek Corp. is renewing and expanding at 6565 Knott Ave. in Buena Park, CA, leasing 626,304 square feet. The 668,335-square-foot industrial building was built in 1962 and renovated in 2001. Saddle Creek, which already occupies about half of the building, is moving its new space at the end of 2010.
Los Angeles, CA-Fandango, a Web site frequented by moviegoers for ticket purchases and all things movie related, signed a seven-year lease to renew 17,865 square and expand into 12,135 square feet at 12200 W. Olympic Blvd. in Los Angeles. One of three Class A office buildings in the Westside Media Center, the 150,302-square-foot property won a 2009 BOMA award for "The Outstanding Building of the Year." Fandango will move onto the fourth floor of the property in the second quarter.
Santa Rosa, CA- Siduri Wines, a 15-year-old wine manufacturer, signed a 10-year lease for 30,000 square feet in the industrial building at 981 Airway Court in Santa Rosa, CA. The 81,072-square-foot building was constructed in 1985. Larry Goodwin of Goodwin Property Management represented both the tenant and the landlord, Nasser Zaghi. (By: Michael Spang)
San Jose, CA- Align Technology Inc. fully leased two buildings in Valley Research Centre in San Jose for a total of 129,024 square feet. The Santa Clara-based medical device company signed a 7-year deal. Located at 2560 and 2570 Orchard Parkway, the two-story flex facilities were built in 1999 and measure 64,512 square feet each. Align Technology is relocating its headquarters from 881 Martin Ave. in Santa Clara in June. George Fox and Hamilton Southworth of Studley in Palo Alto represented the tenant.
District of Columbia
Washington, DC-Fried, Frank, Harris, Shriver & Jacobsen LLP is relocating its Washington, DC office, leasing 102,000 square feet at Lafayette Tower. The international law firm signed a 16-year deal, slated to commence in about a year.
The 11-story, 245,000-square-foot office tower at 801 17th St. N.W. delivered early last year, near the White House and Lafayette Park. Designed by architects Kevin Roche, John Dinkeloo & Associates LLC (KRJDA) and developed by Louis Dreyfus Property Group, Lafayette Tower is the first office building in the District to be certified LEED Platinum, and one of only two such buildings in the United States.
Florida
Jacksonville, FL- Cardinal Straws signed a lease for 50,539 square feet of industrial space at 5515 W. Fifth St. in Jacksonville, FL. The company produces and delivers a full range of straw products. The property at 5515 W. Fifth St. is a 102,418-square-foot industrial building that was built in 1969.
St. Petersburg, FL- Galen College of Nursing signed a seven-year, 35,000-square-foot sublease in the Danka Building at the Roosevelt Corporate Center in St. Petersburg, FL. The Louisville-based technical school will occupy part of the second floor. The four-story, 166,036-square-foot office building at 11101 Roosevelt Blvd. was built in 2003 in the Gateway submarket. Tim Kilkelly of CNL Commercial Real Estate represented Konica Minolta, the sublandlord. Jack Hoskins of CB Richard Ellis represented Galen College of Nursing.
Georgia
Atlanta, GA- Turner Construction was also awarded a $63 million contract by the Georgia Institute of Technology to provide construction services on the G. Wayne Clough Undergraduate Learning Commons, set for delivery in May 2011. The 220,000-square-foot Learning Commons will include classrooms, science labs, lecture halls, a Language Resource Center and other learning facilities.
Atlanta- GA- Transwestern signed a 12,537-square-foot lease at Tower Place 100 at 3340 Peachtree Road in Atlanta, GA. The company is moving its southeast regional headquarters from Tower Place 200. The 29-story, 609,936-square-foot, Class A office building was built in 1974 and is in the Upper Buckhead submarket. Greg Baxendale, a Transwestern vice president, represented the tenant in-house
Illinois
Chicago, IL-The Federal Deposit Insurance Corp. (FDIC) said last week that it is opening a temporary satellite office northwest of Chicago to manage receiverships and liquidate assets from failed banks in the Midwest. The government-owned company signed a three-year lease for about 150,000 square feet at 200 N. Martingale Road in Schaumburg, IL. Occupancy is scheduled for April.
Kansas
Kansas City, KS-Performance Auto Group acquired 8 acres in Kansas City, KS, where it plans to construct a 36,000-square-foot building to LEED specifications to be the new home of Performance Toyota of Kansas City. The groundbreaking date is set for March and it is estimated to complete by November. They are currently located at 7301 State Avenue Kansas City, KS.
Maryland
Fulton, MD- The United Methodist Church, Baltimore-Washington Conference, acquired a 1.53-acre land parcel in the Maple Lawn development at 11711 E. Market Place in Fulton, MD, from Greenebaum & Rose Associates for $1.26 million, or about $823,529 per acre. The organization purchased the land to build a new conference center -- a 34,375-square-foot, 2.5-story office building. The group plans to relocate from 7178 Columbia Gateway Drive in Columbia to its new building when construction is completed this August
Massachusetts
Peabody, MA- Barton & Associates Inc., an executive search company, signed a 21,732-square-foot lease to relocate its corporate offices to 10 Dearborn Road in Peabody, MA. The three-story, 42,345-square-foot office building was built in 2001 in the Peabody/Salem submarket. Demetri Koutrouvelis of Studley represented Barton & Associates.
New Jersey
Eatontown, NJ- Wentworth Group is relocating its headquarters, signing a 10-year deal for 15,500 square feet at 17-21 Christopher Way in Eatontown, NJ. The property management services firm expects to take occupancy in second quarter 2010. The 45,000-square-foot flex building was built in 2000 in the Eastern Monmouth Industrial submarket.
South Brunswick, NJ-Late last month, Williams-Sonoma fully leased Middlesex I, a 1.35 million-square-foot distribution center in South Brunswick, NJ. IDI signed the kitchenware and home furnishings retailer to a 12-year term, set to commence in June. Located near the ports of New Jersey and New York at 340 Middlesex Center Blvd., the distribution building delivered in 2007. It is the first of three facilities that will comprise IDI's Middlesex Center, a 2.5 million-square-foot industrial park currently under development. Williams-Sonoma is consolidating from two other locations and intends to use the facility to serve its northeastern and international operations.
Ohio
Cleveland, OH- Rosetta, a digital interactive marketing agency based in New Jersey, leased 80,000 square feet at 629 Euclid Ave. in Cleveland, OH, in a 10-year lease deal. The company plans to renovate the 11th through 15th floors to create more open workspaces with modern fixtures and glass windows. Rosetta plans to add the 17th floor to create a penthouse office space to accommodate a conference room, training center and a cafe. Renovations have begun and Rosetta will occupy the space in September.
Pennsylvania
Hatboro, PA- Benjamin Foods leased the entire industrial facility at 1001 S. York Road in Hatboro, PA. The food distributor plans to move into the space in March. The 122,432-square-foot distribution building was built in 1973 in the East Montgomery County Industrial submarket. Patrick Brady and Paul French of Binswanger represented the landlord, Vornado Realty Trust. Chris Pennington, also of Binswanger, represented the tenant.
Concord Township, PA- Crozer-Keystone Health System signed a 12-year lease for 42,000 square feet in the proposed building at 500 Evergreen Drive in Concord Township, PA. The health care provider currently occupies 64,500 square feet in a neighboring building and is expanding to the new location spring 2011. The three-story, 60,000-square-foot medical office building is scheduled to break ground in April 2010 and deliver in 2011.
Perry Township, PA- Shaft Drillers International, a global company in the heavy, civil and underground mining construction industries, will relocate its corporate headquarters to Greene County, PA, Pennsylvania Gov. Edward G. Rendell said. Shaft Drillers will move its headquarters to a proposed 44,500-square-foot building at the Meadowridge Business Park in Perry Township, helping to retain 146 existing employees and create 100 jobs in southwestern Pennsylvania. The project was coordinated through the Governor's Action Team, economic development professionals who work directly with businesses that are considering locating or expanding in the state.
Tennessee
Nashville, TN- Computer Science Corp. (CSC), a technology software provider based in Falls Church, VA, leased 11,244 square feet at 2525 Perimeter Place Drive in Nashville, TN. The 135,355-square-foot flex building was built in 1986 in the East Industrial submarket. It is part of the Greenbriar Business Park. Bruce Bourque of Jones Lang LaSalle represented the tenant.
Virginia
Arlington, VA- Centra Technology, a government contractor, signed a 10-year lease for 44,186 square feet in the office building at 4121 Wilson Blvd. in Arlington, VA. The 11-story building totals 175,058 square feet in the Stafford Place II office park. Centra’s lease includes a renewal of 21,986 square feet and an expansion of 22,200 square feet to occupy the second, third and eighth floors. Centra is a high-technology small business providing security, analytic, technical, engineering and management support to the government and private sectors.
Wednesday, January 20, 2010
The Buzz- January 20,2010
California
Anaheim- Accurate Metal Fabricators (AMF) is relocating its corporate office. The custom fabrication company leased the entire 153,320-square-foot warehouse at 3340 E La Palma Ave. in Anaheim, CA.
San Francisco-Legal Match subleased 15,000 square feet of the top floor of 395 Oyster Point Blvd. in South San Francisco, CA ,from Oncology Therapeutics Network, which occupies the remainder of the fifth floor. The sublease term extends through 2014. The five-story, 234,479-square-foot, Class A office at 395 Oyster Point is in the Oyster Point Marina Plaza, and has achieved the Energy Star rating for the past three years. Brian Beswick and Alex Wilson of CB Richard Ellis represented Oncology Therapeutics, while Studley represented Legal Match.
District of Columbia
Washington- Akridge signed Sutherland Asbill & Brennan LLP to a 15-year, 156,676-square-foot office lease at its new 300,000-square-foot office property in Washington, DC’s East End submarket. Sutherland, a law practice with nearly 500 attorneys in five major markets, will occupy floors five to 10 in the 12-story building at 700 Sixth St. NW. Move in is planned for Jan. 1, 2013.
The law firm will relocate from three area offices including its biggest space at Willco Construction’s 216,900-square-foot, 13-story building at 1275 Pennsylvania Ave. NW. Sutherland currently occupies about 105,000 square feet with a lease expiration in three years.
Washington- Also at 700 6th St., Becton, Dickinson and Co. inked a new 10-year deal for 5,200 square feet on the fourth floor.
Florida
Fort Lauderdale- Franklin Templeton Investments leased 80,448 square feet at 300 Las Olas Place in Fort Lauderdale, FL. Developer and owner Stiles Realty signed the global investment management firm to a 10-year term. Franklin intends to move all of its 350 local employees to the building. The 10-story, 100,000-square-foot office building recently received LEED Gold certification for its operating efficiency.
Tampa Bay- Also in the Tampa Bay region, Metromont Corp. has begun construction on 50,000-square-foot pre-cast/pre-stressed concrete manufacturing plant on an 80-acre site in Polk County. Headquartered in Greenville, SC, the company estimates it will create 100 high wage jobs over a three year period with a capital investment in Polk County of $6 - $8 million
Georgia
Alpharetta-ICx Tactical Platforms, a company that manufactures unmanned and manned surveillance and deterrence towers, leased 50,746 square feet at Shiloh 400 Business Center at 5940 Cabot Parkway in Alpharetta, GA. The transaction reflected a consolidation and expansion out of two buildings in Forest Park for its research, development and production operations. ICx is expected to bring 50 to 60 jobs to Forsyth County. Built in 2008, the industrial property is 80,704 square feet on 5.5 acres.
Duluth- NCR Corp. signed a 10-year lease for 45,347 square feet at 3095 Satellite Blvd. in Duluth, GA. The six-story office building totals 133,838 square feet at the Satellite Place office park. NCR's lease includes the entire second and third floors. John Ferguson and John Shlesinger of CB Richard Ellis represented NCR.
New Jersey
Princeton- Axis Insurance Co. signed for 26,600 square feet at 1 University Square Drive in Princeton, NJ. The insurance provider expects to take occupancy in second quarter 2010. The five-story, 316,000-square-foot office building is in the Princeton South submarket and was built in 2007. Ward Greer of FirstService Williams represented the landlord, RXR. Mario Chiarella and Mark Fowler of Weichert Commercial Brokerage Inc., along with Jimmy Sanders and Mitch Kahlert of ICON Commercial Interests, represented the tenant.
Warren- NicOx is moving its U.S. headquarters to 20 Independence Blvd. in Warren, NJ. The French pharmaceutical company is doubling its office space, taking 12,000 square feet. The drug is currently under review and is expected to receive approval by mid-2010. The four-story, 120,000-square-foot office building was constructed in 1984 on about 10 acres. Normany Real Estate Partners. Andrew Tarvin of FirstService Williams represented NicOx in this transaction.
Pennsylvania
Philadelphia- Drexel University has selected Turner Construction to head construction of a 138,000-square-foot science building on the university's main campus in Philadelphia.
The Constantine Papadakis Integrated Sciences Building will house 39 research and teaching laboratories for bio-medical engineering, biology and chemistry and a fossil preparation lab when it's completed in June 2011. The $49.7 million integrated sciences building will also feature a five-story atrium and a "biowall" -- a natural air filter that removes volatile organic compounds (VOCs) and CO2 from the air -- the first of its kind at a U.S. university.
South Carolina
Greer- Green Investors One LLC acquired 12 acres on the corner of Brushy Creek Road and Suber Road in Greer, SC, from Enigma Corp. for $675,000, or about $57,100 per acre. A portion of the land has been leased to Classy Kids Child Care, which plans to build a 10,000-square-foot facility, which is expected to open for business by July. After-school program
Greer- TweenScene Inc. leased an additional part of the land, with a 4,000-square-foot building also planned for a July opening. Other pads are available for purchase, sale or build-to-suit. Bobby Hines and Zach Hines of Langston-Black Real Estate's Greenville office represented the buyer in the sale, as well as both tenants in the leases of the pad sites. Richard Phipps and Laura McCulloch of The Spinx Co. represented the seller.
Texas
Houston- LOGIX Communications is relocating its corporate headquarters, signing for 36,710 square feet at Brookhollow Central III in Houston. The 300,616-square-foot, 12-story office building at 2950 N. Loop Freeway W. was built in 1981 and is 95 percent leased. It is part of the three-building, 800,000-square-foot Brookhollow Central business campus. Brad Marnitz of NAI Houston represented LOGIX.
Westlake- Deloitte LLP has awarded Turner Construction Co. a $130 million contract to provide construction services for a 712,000-square-foot "Deloitte University" learning and leadership development center in Westlake, TX.
The facility, being built on a 107-acre property and slated for completion in 2011, will seek a LEED Gold Certification from the U.S. Green Building Council. The facility will serve as a central destination for new hires to senior leadership at the accounting giant to convene for learning and leadership development. The campus will feature 800 guest rooms, multiple conference spaces and 35 classrooms that will host thought leadership events by Deloitte Research and Deloitte Industry Centers and sessions with professors from nationally accredited universities and colleges.
The facility will also serve as a place where Deloitte personnel can connect with mentors and colleagues. The facility will also feature dining venues, a ballroom, a business center, recreational facilities and a fitness center
Virginia
Virginia Beach- Virginia Natural Gas preleased a 32,500-square-foot building at Lakeview Corporate Park in Virginia Beach, VA, for 15 years. Developer Armada Hoffler has already begun construction on the two-story property near Independence Boulevard and Interstate 264. Delivery is scheduled for third quarter of this year. Virginia Natural Gas plans to consolidate two locations in Norfolk and move its headquarters to the new Virginia Beach industrial building by next year. Ken Benassi from CB Richard Ellis and Deborah Stearns from Harvey Lindsay Commercial Real Estate jointly represented Virginia Natural Gas.
Anaheim- Accurate Metal Fabricators (AMF) is relocating its corporate office. The custom fabrication company leased the entire 153,320-square-foot warehouse at 3340 E La Palma Ave. in Anaheim, CA.
San Francisco-Legal Match subleased 15,000 square feet of the top floor of 395 Oyster Point Blvd. in South San Francisco, CA ,from Oncology Therapeutics Network, which occupies the remainder of the fifth floor. The sublease term extends through 2014. The five-story, 234,479-square-foot, Class A office at 395 Oyster Point is in the Oyster Point Marina Plaza, and has achieved the Energy Star rating for the past three years. Brian Beswick and Alex Wilson of CB Richard Ellis represented Oncology Therapeutics, while Studley represented Legal Match.
District of Columbia
Washington- Akridge signed Sutherland Asbill & Brennan LLP to a 15-year, 156,676-square-foot office lease at its new 300,000-square-foot office property in Washington, DC’s East End submarket. Sutherland, a law practice with nearly 500 attorneys in five major markets, will occupy floors five to 10 in the 12-story building at 700 Sixth St. NW. Move in is planned for Jan. 1, 2013.
The law firm will relocate from three area offices including its biggest space at Willco Construction’s 216,900-square-foot, 13-story building at 1275 Pennsylvania Ave. NW. Sutherland currently occupies about 105,000 square feet with a lease expiration in three years.
Washington- Also at 700 6th St., Becton, Dickinson and Co. inked a new 10-year deal for 5,200 square feet on the fourth floor.
Florida
Fort Lauderdale- Franklin Templeton Investments leased 80,448 square feet at 300 Las Olas Place in Fort Lauderdale, FL. Developer and owner Stiles Realty signed the global investment management firm to a 10-year term. Franklin intends to move all of its 350 local employees to the building. The 10-story, 100,000-square-foot office building recently received LEED Gold certification for its operating efficiency.
Tampa Bay- Also in the Tampa Bay region, Metromont Corp. has begun construction on 50,000-square-foot pre-cast/pre-stressed concrete manufacturing plant on an 80-acre site in Polk County. Headquartered in Greenville, SC, the company estimates it will create 100 high wage jobs over a three year period with a capital investment in Polk County of $6 - $8 million
Georgia
Alpharetta-ICx Tactical Platforms, a company that manufactures unmanned and manned surveillance and deterrence towers, leased 50,746 square feet at Shiloh 400 Business Center at 5940 Cabot Parkway in Alpharetta, GA. The transaction reflected a consolidation and expansion out of two buildings in Forest Park for its research, development and production operations. ICx is expected to bring 50 to 60 jobs to Forsyth County. Built in 2008, the industrial property is 80,704 square feet on 5.5 acres.
Duluth- NCR Corp. signed a 10-year lease for 45,347 square feet at 3095 Satellite Blvd. in Duluth, GA. The six-story office building totals 133,838 square feet at the Satellite Place office park. NCR's lease includes the entire second and third floors. John Ferguson and John Shlesinger of CB Richard Ellis represented NCR.
New Jersey
Princeton- Axis Insurance Co. signed for 26,600 square feet at 1 University Square Drive in Princeton, NJ. The insurance provider expects to take occupancy in second quarter 2010. The five-story, 316,000-square-foot office building is in the Princeton South submarket and was built in 2007. Ward Greer of FirstService Williams represented the landlord, RXR. Mario Chiarella and Mark Fowler of Weichert Commercial Brokerage Inc., along with Jimmy Sanders and Mitch Kahlert of ICON Commercial Interests, represented the tenant.
Warren- NicOx is moving its U.S. headquarters to 20 Independence Blvd. in Warren, NJ. The French pharmaceutical company is doubling its office space, taking 12,000 square feet. The drug is currently under review and is expected to receive approval by mid-2010. The four-story, 120,000-square-foot office building was constructed in 1984 on about 10 acres. Normany Real Estate Partners. Andrew Tarvin of FirstService Williams represented NicOx in this transaction.
Pennsylvania
Philadelphia- Drexel University has selected Turner Construction to head construction of a 138,000-square-foot science building on the university's main campus in Philadelphia.
The Constantine Papadakis Integrated Sciences Building will house 39 research and teaching laboratories for bio-medical engineering, biology and chemistry and a fossil preparation lab when it's completed in June 2011. The $49.7 million integrated sciences building will also feature a five-story atrium and a "biowall" -- a natural air filter that removes volatile organic compounds (VOCs) and CO2 from the air -- the first of its kind at a U.S. university.
South Carolina
Greer- Green Investors One LLC acquired 12 acres on the corner of Brushy Creek Road and Suber Road in Greer, SC, from Enigma Corp. for $675,000, or about $57,100 per acre. A portion of the land has been leased to Classy Kids Child Care, which plans to build a 10,000-square-foot facility, which is expected to open for business by July. After-school program
Greer- TweenScene Inc. leased an additional part of the land, with a 4,000-square-foot building also planned for a July opening. Other pads are available for purchase, sale or build-to-suit. Bobby Hines and Zach Hines of Langston-Black Real Estate's Greenville office represented the buyer in the sale, as well as both tenants in the leases of the pad sites. Richard Phipps and Laura McCulloch of The Spinx Co. represented the seller.
Texas
Houston- LOGIX Communications is relocating its corporate headquarters, signing for 36,710 square feet at Brookhollow Central III in Houston. The 300,616-square-foot, 12-story office building at 2950 N. Loop Freeway W. was built in 1981 and is 95 percent leased. It is part of the three-building, 800,000-square-foot Brookhollow Central business campus. Brad Marnitz of NAI Houston represented LOGIX.
Westlake- Deloitte LLP has awarded Turner Construction Co. a $130 million contract to provide construction services for a 712,000-square-foot "Deloitte University" learning and leadership development center in Westlake, TX.
The facility, being built on a 107-acre property and slated for completion in 2011, will seek a LEED Gold Certification from the U.S. Green Building Council. The facility will serve as a central destination for new hires to senior leadership at the accounting giant to convene for learning and leadership development. The campus will feature 800 guest rooms, multiple conference spaces and 35 classrooms that will host thought leadership events by Deloitte Research and Deloitte Industry Centers and sessions with professors from nationally accredited universities and colleges.
The facility will also serve as a place where Deloitte personnel can connect with mentors and colleagues. The facility will also feature dining venues, a ballroom, a business center, recreational facilities and a fitness center
Virginia
Virginia Beach- Virginia Natural Gas preleased a 32,500-square-foot building at Lakeview Corporate Park in Virginia Beach, VA, for 15 years. Developer Armada Hoffler has already begun construction on the two-story property near Independence Boulevard and Interstate 264. Delivery is scheduled for third quarter of this year. Virginia Natural Gas plans to consolidate two locations in Norfolk and move its headquarters to the new Virginia Beach industrial building by next year. Ken Benassi from CB Richard Ellis and Deborah Stearns from Harvey Lindsay Commercial Real Estate jointly represented Virginia Natural Gas.
Monday, January 11, 2010
New O & I Leads For Week of 1-11-10
Arizona
Phoenix- The Hearing Office for Social Security Administration has leased 16,623 square feet of office space at 18444 N. 25th Ave. in Phoenix for 15 years. The government agency plans to occupy the space in June. The four-story, 160,000-square-foot office building delivered in 1982 in the Deer Valley/Airport submarket. Farmers Insurance Group occupies the rest of the building. Ashley Brooks, James Bayless and Kelley Morrison of CB Richard Ellis represented the landlord, WCR Phoenix One LLC.
Phoenix- Polsinelli Shughart PC signed a 10-year lease deal for 45,000 square feet at the CityScape building in Phoenix. The law firm is taking occupancy of the 17th and 18th floors in June of 2010. It is the fifth law firm to sign on with CityScape. The 27-story office tower building at 1 E. Washington St. is in the heart of downtown Phoenix, across from the Phelps Dodge Corp. building. Currently under construction, the building is due to deliver in March 2010. Jerry Roberts, Corey Hawley and Jim Fijan of CB Richard Ellis represented the landlord, RED Development.
California
San Diego- Grant Thornton LLP leased 10,544 square feet at 12220 El Camino Real in San Diego. The accounting firm signed a 10-year deal, valued at $4.2 million. The four-story, 56,552-square-foot office building was constructed in 1998. Grant Thornton will occupy a portion of the third floor. The property is part of the Executive Center Del Mar, a two-building office park in the Del Mar Heights/Carmel Valley submarket. Joe Anderson, Dave Odmark and Rick Reeder of Grubb & Ellis|BRE Commercial represented the landlord, Prudential Real Estate Investors. Mike Macie of Cushman & Wakefield represented the tenant.
Connecticut
New Haven- LeClair Ryan signed an 11-year lease to occupy 13,881 square feet at 545 Long Wharf Drive in New Haven, CT. Located in the Long Wharf Maritime Center, the 275,000-square-foot, nine-story office building was built in 1988. Robert Motley and Evan O'Brien of Cushman & Wakefield represented the landlord, New Boston Fund Inc. James Ritman and Daniel Levine of Newmark Knight Frank represented the tenant.
District of Columbia
Washington, DC-Akridge signed Sutherland Asbill & Brennan LLP to a 15-year, 156,676-square-foot office lease at its new 300,000-square-foot office property in Washington, DC’s East End submarket. Sutherland, a law practice with nearly 500 attorneys in five major markets, will occupy floors five to 10 in the 12-story building at 700 Sixth St. NW. Move in is planned for Jan. 1, 2013.
The law firm will relocate from three area offices including its biggest space at Willco Construction’s 216,900-square-foot, 13-story building at 1275 Pennsylvania Ave. NW. Sutherland currently occupies about 105,000 square feet with a lease expiration in three years.
Florida
Boca Raton- Schmier & Feurring Properties Inc. broke ground on its new LEED registered office building in Boca Raton, FL. The three-story, 32,000-square-foot office building at 2200 Butts Road will be the new headquarters of Schmier & Feurring and will serve as a regional office for its partner, Victory Wholesale Group. Delivery is expected in Fall 2010.
Jacksonville- Jacksonville-based Orange Tree Hot Dogs was founded in 1968. Today, under its third generation of family ownership, the company estimates it sells more than 1 million hot dogs each year.
The company began franchising in 2007 when it had two restaurants in Jacksonville. Since, the company has seen the opening of nine new restaurants in the Jacksonville area. Later this month, however, the first Orange Tree Hot Dogs location outside of Jacksonville is set to open at the University of Florida in Gainesville. New restaurants in St. Augustine, Orlando and Atlanta are on the schedule to open this year as well. The company has penciled in a general plan to open five new restaurants annually. Locations in Daytona, Tallahassee, Ocala and Tampa are expected to come first, followed by eventual expansion throughout the southeast.
Illinois
Chicago- Redbox Automated Retail has renewed its headquarters lease in the Oakbrook Terrace Tower, just west of Chicago. The DVD rental kiosk owner signed an 11-year deal with GE Capital Real Estate for nearly 137,000 square feet.
Slated to commence in August, the lease is comprised of 112,370 square feet in the office tower, plus 24,555 square feet of new space in the annex. Redbox is due to pay $28 million over the course of the lease, plus taxes and construction/operating costs. Additional terms include options to extend the lease for five years and/or rent additional space in the building. Redbox can also cancel the lease after the sixth year of the term.
Indiana
Indianapolis- Defender Direct Inc., a technology distributor and service provider, signed a five-year lease for 23,066 square feet at 3939 Priority Way South Drive in Indianapolis. The four-story, 84,178-square-foot office building was built in 1985 in The Precedent Office Park in the Keystone Crossing submarket. Rick Trimpe of CB Richard Ellis represented the owner, HDG Mansur Investment Services LLC. Scott Lindenberg and Ronald Foster of Echelon Realty Advisors represented Defender Direct Inc.
Maryland
Baltimore- RSM McGladrey Inc., a consulting and wealth management firm, signed a 38,803-square-foot sublease at the new Legg Mason Tower at 100 International Drive in Baltimore, MD. The tenant will relocate to the 13th and 16th floors at the new Harbor East location from its current Timonium location this summer. The 24-story, 590,109-square-foot, Class A office building is in the Baltimore Southeast submarket. Douglas Brinkley and Walter Pinkard of Colliers Pinkard represented the sublandlord, Legg Mason. L. Bruce Matthai of Colliers Pinkard represented RSM McGladrey
Texas
Austin- US Screen Corp., a company that specializes in projection screen technology, leased 22,206 square feet in the industrial building at 2105 Denton Drive in Austin. The 22,206-square-foot industrial building was constructed in 1982 and is part of the Rutland Center. It is in the North Industrial submarket. Daniel Farrar of Stream Realty Partners represented the landlord, PS Business Parks Inc. Su Kosub of Grubb & Ellis represented the tenant.
Washington
Lacey- Skookum signed a five-year lease for 301,000 square feet at the First Park Meridian industrial campus in Lacey, WA. The organization, which helps create jobs for people with disabilities, took all of buildings D & E at 130,500 square feet each and 40,000 square feet in building F. Skookum is providing services to defense contractor Agility Logistics. The buildings, located at 9107, 9107 and 9225 Polaris Lane N.E., delivered in late 2008 and early 2009. Vanessa Herzog and Todd Clarke of GVA Kidder Mathews in Tacoma represented the landlord, First Industrial Reality Trust Inc. Eamon McCrann of Lincoln Property Co. in Arlington, VA, represented the tenant.
Phoenix- The Hearing Office for Social Security Administration has leased 16,623 square feet of office space at 18444 N. 25th Ave. in Phoenix for 15 years. The government agency plans to occupy the space in June. The four-story, 160,000-square-foot office building delivered in 1982 in the Deer Valley/Airport submarket. Farmers Insurance Group occupies the rest of the building. Ashley Brooks, James Bayless and Kelley Morrison of CB Richard Ellis represented the landlord, WCR Phoenix One LLC.
Phoenix- Polsinelli Shughart PC signed a 10-year lease deal for 45,000 square feet at the CityScape building in Phoenix. The law firm is taking occupancy of the 17th and 18th floors in June of 2010. It is the fifth law firm to sign on with CityScape. The 27-story office tower building at 1 E. Washington St. is in the heart of downtown Phoenix, across from the Phelps Dodge Corp. building. Currently under construction, the building is due to deliver in March 2010. Jerry Roberts, Corey Hawley and Jim Fijan of CB Richard Ellis represented the landlord, RED Development.
California
San Diego- Grant Thornton LLP leased 10,544 square feet at 12220 El Camino Real in San Diego. The accounting firm signed a 10-year deal, valued at $4.2 million. The four-story, 56,552-square-foot office building was constructed in 1998. Grant Thornton will occupy a portion of the third floor. The property is part of the Executive Center Del Mar, a two-building office park in the Del Mar Heights/Carmel Valley submarket. Joe Anderson, Dave Odmark and Rick Reeder of Grubb & Ellis|BRE Commercial represented the landlord, Prudential Real Estate Investors. Mike Macie of Cushman & Wakefield represented the tenant.
Connecticut
New Haven- LeClair Ryan signed an 11-year lease to occupy 13,881 square feet at 545 Long Wharf Drive in New Haven, CT. Located in the Long Wharf Maritime Center, the 275,000-square-foot, nine-story office building was built in 1988. Robert Motley and Evan O'Brien of Cushman & Wakefield represented the landlord, New Boston Fund Inc. James Ritman and Daniel Levine of Newmark Knight Frank represented the tenant.
District of Columbia
Washington, DC-Akridge signed Sutherland Asbill & Brennan LLP to a 15-year, 156,676-square-foot office lease at its new 300,000-square-foot office property in Washington, DC’s East End submarket. Sutherland, a law practice with nearly 500 attorneys in five major markets, will occupy floors five to 10 in the 12-story building at 700 Sixth St. NW. Move in is planned for Jan. 1, 2013.
The law firm will relocate from three area offices including its biggest space at Willco Construction’s 216,900-square-foot, 13-story building at 1275 Pennsylvania Ave. NW. Sutherland currently occupies about 105,000 square feet with a lease expiration in three years.
Florida
Boca Raton- Schmier & Feurring Properties Inc. broke ground on its new LEED registered office building in Boca Raton, FL. The three-story, 32,000-square-foot office building at 2200 Butts Road will be the new headquarters of Schmier & Feurring and will serve as a regional office for its partner, Victory Wholesale Group. Delivery is expected in Fall 2010.
Jacksonville- Jacksonville-based Orange Tree Hot Dogs was founded in 1968. Today, under its third generation of family ownership, the company estimates it sells more than 1 million hot dogs each year.
The company began franchising in 2007 when it had two restaurants in Jacksonville. Since, the company has seen the opening of nine new restaurants in the Jacksonville area. Later this month, however, the first Orange Tree Hot Dogs location outside of Jacksonville is set to open at the University of Florida in Gainesville. New restaurants in St. Augustine, Orlando and Atlanta are on the schedule to open this year as well. The company has penciled in a general plan to open five new restaurants annually. Locations in Daytona, Tallahassee, Ocala and Tampa are expected to come first, followed by eventual expansion throughout the southeast.
Illinois
Chicago- Redbox Automated Retail has renewed its headquarters lease in the Oakbrook Terrace Tower, just west of Chicago. The DVD rental kiosk owner signed an 11-year deal with GE Capital Real Estate for nearly 137,000 square feet.
Slated to commence in August, the lease is comprised of 112,370 square feet in the office tower, plus 24,555 square feet of new space in the annex. Redbox is due to pay $28 million over the course of the lease, plus taxes and construction/operating costs. Additional terms include options to extend the lease for five years and/or rent additional space in the building. Redbox can also cancel the lease after the sixth year of the term.
Indiana
Indianapolis- Defender Direct Inc., a technology distributor and service provider, signed a five-year lease for 23,066 square feet at 3939 Priority Way South Drive in Indianapolis. The four-story, 84,178-square-foot office building was built in 1985 in The Precedent Office Park in the Keystone Crossing submarket. Rick Trimpe of CB Richard Ellis represented the owner, HDG Mansur Investment Services LLC. Scott Lindenberg and Ronald Foster of Echelon Realty Advisors represented Defender Direct Inc.
Maryland
Baltimore- RSM McGladrey Inc., a consulting and wealth management firm, signed a 38,803-square-foot sublease at the new Legg Mason Tower at 100 International Drive in Baltimore, MD. The tenant will relocate to the 13th and 16th floors at the new Harbor East location from its current Timonium location this summer. The 24-story, 590,109-square-foot, Class A office building is in the Baltimore Southeast submarket. Douglas Brinkley and Walter Pinkard of Colliers Pinkard represented the sublandlord, Legg Mason. L. Bruce Matthai of Colliers Pinkard represented RSM McGladrey
Texas
Austin- US Screen Corp., a company that specializes in projection screen technology, leased 22,206 square feet in the industrial building at 2105 Denton Drive in Austin. The 22,206-square-foot industrial building was constructed in 1982 and is part of the Rutland Center. It is in the North Industrial submarket. Daniel Farrar of Stream Realty Partners represented the landlord, PS Business Parks Inc. Su Kosub of Grubb & Ellis represented the tenant.
Washington
Lacey- Skookum signed a five-year lease for 301,000 square feet at the First Park Meridian industrial campus in Lacey, WA. The organization, which helps create jobs for people with disabilities, took all of buildings D & E at 130,500 square feet each and 40,000 square feet in building F. Skookum is providing services to defense contractor Agility Logistics. The buildings, located at 9107, 9107 and 9225 Polaris Lane N.E., delivered in late 2008 and early 2009. Vanessa Herzog and Todd Clarke of GVA Kidder Mathews in Tacoma represented the landlord, First Industrial Reality Trust Inc. Eamon McCrann of Lincoln Property Co. in Arlington, VA, represented the tenant.
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