Office
Pharmaceutical Firm Snaps Up Boston-Area Tech Park for $165M
The premier biotechnology compound of office and lab space and 40 acres of preserved open space had been undergoing redevelopment at the hands of Patriot Partners, the partnership between Framingham, Mass.-based Atlantic Management Corp., Concord, Mass.-based Mohawk Partners L.L.C. and New York City-headquartered O’Connor Capital Partners that acquired the property in 2003.
Hawaii’s Largest Office Property to Trade in $232M Deal
Bishop Square, which with 960,000 square feet of office space holds the title of the largest office property in Hawaii, is about to change hands. Santa Monica, Calif.-based Douglas Emmett Inc. has signed an agreement to acquire the premier complex for $232 million from Bishop Square Associates, a partnership involving Sacramento, Calif.-headquartered California Public Employees’ Retirement System (CalPERS) and Milwaukee-based Northwestern Mutual.
CBRE Snags Fully Leased 200,411 SF Office Property in Boston Suburb
The four-story corporate headquarters office comprises 200,411 square feet and is fully leased through March 2018 to Nuance Communications, a software firm.
Essex Awarded Contract for 300,000 SF Southern California Portfolio
Irvine, Calif.-based Essex Realty management has been tapped to manage the Zuma Business Center portfolio, which consists of three multi-tenant industrial and office business parks in Anaheim and Buena Park, Calif.
Colliers Makes Move to Downtown Dallas
Developer Granite Properties has announced several leases totaling more than 70,000 square feet at its office tower at Park Seventeen in Uptown Dallas, including 26,874 square feet leased by Colliers International on the ninth floor.
Cushman & Wakefield Spearheads 142,500 SF Office Sale in N.J.
The two-story building is leased through 2020 by Barr Pharmaceuticals and is currently fully occupied by sublessor Medco Health Services, Inc. Completed in 1966, it sits on 35 acres and underwent an $8.5 million renovation in 2007.
Hines and Partner Sell Premier Office Building in California for $103.2M
Houston-based international real estate firm Hines and Fort Worth-headquartered Crescent Real Estate Equities Co. have just sold the 271,556-square-foot office building at 2211 Michelson Drive in Irvine, Calif., to Los Angeles’s Kilroy Realty Corp.
Capital Idea: Northwestern Mutual Cinches $305M D.C. Office Deal
For the second time this week, a big institutional investor snaps up a prime office property in Washington, D.C.
Pfizer’s 700,000-SF Space Floats General Dynamics’ Boat
General Dynamics’ fast-growing Electric Boat divison snapped up a 700,000-square-foot compound in New London, Conn., that Pfizer Inc. is departing.
Crossbeam Re-Ups Massachusetts Space
Per the lease, tech company Crossbeam Systems, Inc. will keep its corporate headquarters at the property. Crossbeam provides security platforms for high-performance networks; it occupies the first and second floors of the building.