Commercial Moving Buzz...

Is Your Internet Marketing Clicking?

2010-03-03T13:47:00.000-08:00

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.

New O&I Leads Week of 3-1-10

2010-03-03T10:30:00.000-08:00

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.

O&I Buzz Activity 2-16-10

2010-02-16T05:10:00.000-08:00

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.

The Buzz- January 20,2010

2010-01-20T10:32:00.000-08:00

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.

New O & I Leads For Week of 1-11-10

2010-01-11T06:11:00.000-08:00

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.

New Lease Postings 12-30-09

2009-12-30T05:13:00.000-08:00

Arizona

Phoenix, AZ- 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

Carlsbad, CA- Premier Nutrition Inc. leased 19,343 square feet of warehouse space at 6215 El Camino Real in Carlsbad, CA, for five years. Built in 1999, the flex building totals approximately 99,495 square feet, and is situated within the NorthPointe Tech Center. Pure Fitness Health Club occupies remainder of the space. Premier provides nutrition products, such as nutrition bars, protein and other health supplements. Russ Jabara and David Pinnegar of Colliers International in Carlsbad represented the landlord, Walton Street Capital LLC. Misty Moore and Nicole Winters of Jones Lang LaSalle represented Premier

El Segundo, CA- Nexon America, an online gaming company and creator of interactive entertainment software, leased 37,772 square feet of office space at 222 N. Sepulveda St. in El Segundo, CA. The lease term was for five years and is valued at approximately $4.4 million. The 24-story building was built in 1974 and is part of Pacific Corporate Towers. It will occupy the second and third floors as its North American headquarters. Grafton Tanquary and Erin Grannis of CB Richard Ellis represented the landlord, Pacific Corporate Towers LLC.

Long Beach, CA- Magellan Cold Storage Co. signed a five-year, 46,000-square-foot industrial lease with an additional five-year option. The company will occupy the entire building at 3100 E. 29th St. in Long Beach, CA. In-Store Services owns the 46,000-square-foot property. It was built in 1973 and is the former home to Express Transport Solutions. Greg Gill and Brandon Carrillo of Lee & Associates represented In-Store Services. John Burns of McKenna & James represented Magellan.

Los Angeles, CA- Unical Aviation is relocating its corporate headquarters and warehouse, signing a long-term lease for a facility in City of Industry, CA. The deal is valued at $20.6 million. At 467,119 square feet, it is the largest industrial lease in Los Angeles and Orange Counties this year. Located at 680 S. Lemon Ave., the warehouse was built in 1987 and was formerly occupied by Circuit City. Occupancy is slated for summer 2010. The move is a major expansion for Unical Aviation, which currently occupies a 127,000-square-foot facility in Irwindale, CA.

Palo Alto, CA-Facebook agreed to sublease approximately 265,000 square feet in four R&D buildings at 1050 Page Mill Road in Palo Alto, CA, from Beckman Coulter Inc. The flex buildings are located within Stanford Research Park and are owned by the university. Three of the facilities were constructed in 1956, with the fourth added in 1971. Doug Beck, James Fletcher, Michael Frost and Matt Von der Ahe of CB Richard Ellis represented the sublessor in this transaction.

San Francisco, CA- LS9 Inc. signed a deal to fully occupy 600 Gateway Blvd. at The Gateway Technology Center in South San Francisco, CA. The privately held industrial biotechnology company is scheduled to move into the two-story, 50,400-square-foot facility by the second quarter of next year. Building Three, the office property at 600 Gateway Blvd., was built in 1998 at The Gateway, a hub for biotech and R&D users. John Held, Connor Deal and David Black of CB Richard Ellis represented the owner, Alexandria Real Estate Equities, while Mark Pearson of CresaPartners represented LS9.

Connecticut

New Haven, CT- Achillion Pharmaceuticals has cancelled a portion of its lease at the George Street Technology Center in New Haven, CT. The drug developer is surrendering about 5,000 square feet of its 40,000-square-foot space to the landlord, a joint venture of Winstanley Enterprises Inc. and Yale University. Achillion has agreed to vacate the premises by March 15, 2010. The landlord is providing Achillion with $50,000 to help cover moving costs.

Trumbull, CT- St. Joseph College leased 36,500 square feet in the XL Center in Hartford 21 at 241 Trumbull. The all women’s college will have its pharmacy school at Hartford 21 opened for the 2010 school year. It plans to occupy the space by next June. The three-story, 162,257-square foot office building was built in 2006. The property features almost 56,000 square feet of retail on the first floor. Jonathan Putnam of Cushman & Wakefield of Hartford represented St. Joseph College. Joel Grieco also of Cushman & Wakefield represented the landlord, Northland Investment Corp.

District of Columbia

Washington, DC- The Internal Revenue Service leased 167,000 square feet at 77 K St. NE in Washington, DC. The federal agency will take floors one through six at the 11-story building. The IRS will relocate from 500 N. Capitol St. NW, an eight-story, 183,129-square-foot, Class B office in Capitol Hill owned by 500 North Capitol LLC and managed by JBG Cos. Owner Brookfield Properties Management LLC developed the Class A, 335,870-square-foot office property at 77 K St. last year. With the IRS deal the NoMa property is now 51 percent leased. Henry Chapman and Leroy Battle of CB Richard Ellis represented the IRS. Darian LeBlanc, Dick Hadsell and Allison Berry of Cassidy & Pinkard Colliers represented the owner.

Florida

Boca Raton, FL- Summit Brokerage Services, a securities and investment company, signed a seven-year lease for 17,808 square feet at 595 S. Federal Highway in Boca Raton, FL. The five-story office building totals 82,998 square feet was built by Bryason Realty Corp. in 2003. Bryason sold the building in 2005 for $37.2 million to private investors, but are still managing the property. Summit Brokerage Firm's lease includes the entire fifth floor, which totals 13,554 square feet, and 4,254 square feet on the 2nd floor. Charles Shane from Bryason represented both the tenant and landlord.

Georgia

McDonough, GA- Viega North America leased 255,070 square feet at 150 Greenwood Industrial Parkway in McDonough, GA, for seven years. The plumbing and heating technology manufacturer is set to move into the space in second quarter 2010. Built in 2006, the 867,000-square-foot industrial building is in ProLogis Park Greenwood. LG Electronics occupies the rest of the building. Rodney Davidson represented the landlord, ProLogis, in-house.

Illinois

Chicago, IL- Hubbell Lighting Inc signed for 82,933 square feet at 1455 Sequoia Drive in Orchard Road Business Park. Emmet Purcell and Tom Pulie with USI Real Estate Brokerage represented the tenant.

Massachusetts

Burlington, MA- Acme Packet leased 123,788 square feet at 100 Crosby Drive in Bedford, MA, DivcoWest's 261,961-square-foot, Class A office property about 18 miles northwest of Boston.

The Burlington-based voice over Internet protocol equipment supplier will relocate its headquarters from 71 Third Ave. where it occupies 75,000 square feet. Investment entity 71 LLC owns the Burlington office building and Nordblom Management Co. manages it.

DivcoWest owns 100 Crosby Drive, a four-story structure on 52 acres in the Lowell/Chelmsford submarket. Technoford LLC sold the 27-year-old building to DivcoWest 2.5 years ago for $61.5 million, or about $235 per square foot. Acme’s move in is scheduled for June 1 of next year

Cambridge, MA- Art Technology Group Inc. (ATG) is expanding its headquarters at One Main Street, Cambridge, MA. The software company has extended its lease of 45,000 square feet, due to expire in December 2011, through 2018. It has also signed for an addition 13,561 square feet in the building, to commence in August 2010. Landlord RREEF America REIT has the rent set to increase by 11% in the first year of the extension, with annual escalations.

North Carolina

Asheville, NC- Volvo Construction Equipment is closing its plant in Asheville, NC, as part of a new consolidation effort to improve operating efficiency. The heavy construction equipment manufacturing facility will cease operations in March 2010.

Volvo CE plans to split up the production currently done in Asheville into three other existing plants. The company is moving its manufacturing of cabs for motor graders to its facility in Shippensburg, PA, which is in the process of being expanded. Other operations will be handled at locations in Sweden and South Korea.

Volvo CE employs 228 workers at the 410,164-square-foot Asheville plant, a small number of which will be offered positions in Shippensburg, the company said. Additionally, there could be some positions available at several other Volvo CE locations across North America.

Pennsylvania

King of Prussia, PA- Tosoh Bioscience, a global company that provides diagnostic systems to doctor's offices, hospitals and laboratories, has leased 13,493 square feet of office space at 3604 Horizon Blvd. in King of Prussia, PA. The single-story, 22,500-square-foot office building sits on 3.9 acres in the Renaissance Park office campus. Tosoh Bioscience is taking occupancy in May 2010. Bruce Hartlein represented the landlord, Liberty Property Trust, in-house. Michael Bronstein of CB Richard Ellis represented the tenant.

Texas

Dallas, TX- Oncor signed a deal to relocate its corporate headquarters to 1616 Woodall Rodgers Freeway, a 265,061-square-foot office building in Dallas' central business district. The electricity distributor will move more than 500 workers and consolidate operations in the eight-story property, which is less than a mile from its current corporate location. The company will move from Energy Plaza, a 42-story, 1.03 million-square-foot office tower at 1601 Bryan St. in the CBD owned by entity ZSF/Dallas Tower Trust. Central & Southwest Real Estate Services owns the American Electric Power building at 1616 Woodall Rodgers. Oncor is scheduled to move in the first quarter of 2010. The company cited the stand-alone property's accessibility to public transportation and proximity to the new Woodall Rodgers Park as the reason for its relocation.

Virginia

Virginia Beach, VA- South University leased 32,606 square feet at the Convergence Center IV in Virginia Beach. Occupancy is scheduled for February 2010. The five-story, 92,000-square-foot office building at 301 Bendix Road delivered in May in the Convergence Center business park. John P Duffy, Jr. CCIM and Maureen G Rooks of Thalhimer, along with Larry Downey of Cushman & Wakefield, represented South University. Chip Cutchins of Olympia Development represented the landlord

USPS Possibly Shuttering 170 Post Offices

2009-12-17T06:12:00.000-08:00

According to CoStar Group, the U.S. Postal Service could be closing as many as 170 post offices as it looks to consolidate operations. A study was conducted earlier this year to identify potential cost savings in consolidating 3,300 retail branches in close proximity to one another.

Following are the locations that are under consideration:

MGY-Boylston 501 Johnson Ave Montgomery AL 36110-9998
MGY-Capitol Heights STA 2260 Mt. Meigs Rd Montgomery AL 36107-9998
TCL-Eastside STA 955 26th Ave E Tuscaloosa AL 35404-9998
Aerospace 3301 E Roosevelt Rd Ste 2 Little Rock AR 72206-6729
Ft Smith Rogers Avenue Station 3400 Rogers Ave Fort Smith AR 72906-9998
Pleasant Ridge Station 11619 Pleasant Ridge Dr Little Rock AR 72212-9998
South Ft Smith Station 5200 S 32nd St Fort Smith AR 72906-9998
Tucson Midtown 5401 E 5th St Tucson AZ 85712-9998
Bradford 822 C St Hayward CA 1/31/2010-2/14/2010
Kaiser Center 300 Lakeside Dr Oakland CA 94612-9994
Landscape 1831 Solano Ave Berkeley CA 94707-9991
Mills College 5000 Macarthur Blvd Oakland CA 94613-1301
Niles 160 J Street Fremont CA 94536-9991
Oakland Station B 1446 Franklin St Oakland CA 94612-9992
Park Station 2900 Sacramento St Berkeley CA 94702-9991
Richmond Station A 200 Broadway Richmond CA 94808-9991
Federal Finance Station 300 N Los Angeles Los Angeles CA 90012-9998
Galleria Station 1815 Hawthorne Blvd Ste 377 Redondo Beach CA 90278-9997
Hollywood Pavilion Store 6801 Hollywood Blvd Ste 167 Los Angeles CA 90028-6101
Fresno Barton 4475 E Tulare Fresno CA 93702-9998
Fresno Calwa 4026 E Jensen Ave Fresno CA 93725-9998
Modesto El Viejo 1125 I St Modesto CA 95354-9998
Stockton Tuxedo Park 2616 Pacific Ave Stockton CA 95204-9998
Riv--La Sierra 611134 Pierce Pl Riverside CA 92505-9997
George Washington 2692 C St San Diego CA 92102-9998
Moreno Station 28981 Alessandro Blvd Moreno Valley CA 92555-6907
Naval Amphibious Base 3420 Guadacanal Rd Bldg 16 San Diego CA 92155-9998
North Park Retail 3791 Grim Ave San Diego CA 92104-9998
Rancho Del Rey 340 Oxford Chula Vista CA 91911-9998
San Bernardino Finance 455 Orange Show Lane San Bernardino CA 92412-9998
IRV-East Irvine STA 14982 Sand Canyon Ave Irvine CA 92650-9998
Pomona - Yorba STA 2138 N Garey Ave Pomona CA 91767-9998
LAG-South Laguna STA 31677 Virginia Way Laguna Beach CA 92652-9998
New Haven-Trolley Square 175 Main St East Haven CT 06512-3099
Navy Annex 2 Navy Annex USPS Room G073 Washington DC 20370-0002
JAX-Airport Station 14350 Pecan Park Rd Jacksonville FL 32229-9998
JAX-Cecil Field FSTA 13618 Lake Fretwell St Jacksonville FL 32221-8130
PFN-Eastside STA 5310 E Highway 98 Panama City FL 32404-7261
PNS-Downtown STA 101 Palafox Pl Pensacola FL 32502-5629
MIA- International Airport Finance 1 Terminal B Fl 4 Miami FL 33299-9998
MIA-Edison Center FSTA 760 NW 62 St Miami FL 33151-9998
FMY-Miracle Mile STA 3954 Broadway St Ft Myers FL 33901-8121
KIS-Good Samaritan BR 4191 S Orange Blossom Tr Kissimmee FL 34746-7265
NPS-Golden Gate Finance 11665 Collier Blvd Naples FL 34116-6530
NPS-Vanderbilt Beach 851 Vanderbilt Beach Rd Naples FL 34108-8709
ORL-Lee Vista Station 6301 Hazeltine Nat'l Dr Ste 120 Orlando FL 32822-9998
SPT-Central STA 4001 35th St N Saint Petersburg FL 33714-9998
SPT-Pass A Grille 103 8th Ave Saint Petersburg FL 33706-4334
TPA-Port Tampa 6801 S Westshore Blvd Tampa FL 33616-9998
TPA-Seminole Heights STA 5206 N Florida Ave Tampa FL 33603-9998
ATL-Cnn Postal Store 190 Marietta St Nw Ste 280 Atlanta GA 30303-2766
ATL-Gate City Station 486 Decatur St SE Atlanta GA 30312-9998
ATL-Hartsfield Airport P/Store 6000 S Terminal Atlanta GA 30320-7400
MAC-Macon Mall 3661 Eisenhower Pkwy Macon GA 31206-3669
Port Wentworth 300 Cantyre St Port Wentworth GA 31407-9998
East 14th Retail- Des Moines 1354 E Ovid Ave Des Moines IA 50316-1200
East Des Moines 321 E Walnut Ste 120 Des Moines IA 50309-2000
Chicago-Finance Station N-FN 2148 E 71st St Chicago IL 60649-9997
Evansville North Park Finance 4490 First Ave Evansville IN 47710-9998
Gary-Brunswick-STA 5325 W 5th Ave Gary IN 46406-9998
Indianapolis-Bridgeport-FIN BR 8804 W Washington St. Indianapolis IN 46231-9998
Indianapolis-West Indianapolis FIN 1144 S Belmont St. Indianapolis IN 46221-9998
KCK-Fairfax 3210 Fiberglass Road Kansas City KS 66115-9998
KCK-Packer 628 Kansas Ave Kansas City KS 66119-9998
Louisville Beechmont Finance 307 West Woodlawn Louisville KY 40214-9997
Louisville Buechel Finance 2259 Hikes Ln Louisville KY 40218-9998
Louisville Plainview Finance 9858 Linn Station Rd Louisville KY 40224-9998
Gateway Finance Unit (Move To Old Hammond Station) 1843 W Muriel Dr Baton Rouge LA 70816-8355
University Station (LSU) 110 LSU Student Union Bldg Baton Rouge LA 70803-0001
Springfield-Colonial 1149 Main St Springfield MA 01103-9998
Boston Univ. 775 Commonwealth Ave Boston MA 02215-9998
Fanueil Hall 1 Faneuil Hall Sq Ste 1 Boston MA 02109-9998
Logan Airport 235 East Prescott St East Boston MA 02228-9742
Portland Station A 622 Congress St Portland ME 04101-3359
Dearborn-Teleford STA-STA 23823 Ford Rd Dearborn MI 48128-9998
Detroit-Fisher Bldg Finance-FIN 3011 W. Grand Blvd. Ste C30 Fisher Detroit MI 48202-9998
Detroit-Linwood STA-FIN STA 2701 Joy Rd Detroit MI 48206-9998
Detroit-Penobscot Postal Store-FIN 645 Griswold Detroit MI 48226-9998
Wayne-Westland-Westland Mall 35000 Warren Rd Ste 81 Westland MI 48186-6217
Mount Clemens-Selfridge ANGB 44580 N Jefferson Ave Selfridge ANGB MI 48045-9998
KCM-Metro Mall 400 NW Barry Rd Ste 167a Kansas City MO 64155-9998
KCM-Southeast STA 7640 Prospect Ave Kansas City MO 64132-9998
KCM-William Chick 2657 Independence Ave Kansas City MO 64124-9998
Greensboro Plaza Station 1852 Banking St Greensboro NC
27408-7238
High Point Furnitureland 913 W Fairfield Road High Point NC 27263-9998
Raleigh State University 10 Horne St Raleigh NC 27650-9998
CLT-Arrowood 11333 Granite St Charlotte NC 28241-9998
CLT-Eastway Finance 3040 B Eastway Dr Charlotte NC 28218-9998
University Station 1231 N University Dr Fargo ND 58107-4014
LNK-Woods Park STA 110 N 35th St Lincoln NE 68503-9998
OMA-Station A 2221 N 24th St Omaha NE 68110-9998
OMA-Station B 3021 Leavenworth St Omaha NE 68105-9998
OMA-Station C 1618 Vinton St Omaha NE 68108-9998
S Camden (F) 1400 S Broadway Camden NJ 08104-9998
Trenton Chambersburg (F) 852 So Broad St Trenton NJ 08611-9998
Trenton-Yardville (F) 9 Sunnybrae Blvd Trenton NJ 08620-9998
Hillcrest 374 Union Ave Paterson NJ 07502-9998
River Street 82 E 15th St Paterson NJ 07524-9998
Riverfront 1037 Raymond Blvd Ste 10 Newark NJ 07102-5424
Washington Park 6 Atlantic St Newark NJ 07102-9992
Las Strip Station 3100 S Industrial Rd Las Vegas NV 89114-9998
ALB-Delaware 332 Delaware Ave Albany NY 12209-9998
ALB-Patroon 1226 Broadway Albany NY 12204-9998
ALB-Pine 5 S Allen St Albany NY 12203-9998
SYR-Elmwood 1225 South Ave Syracuse NY 13207-9998
SYR-North Syracuse 201 South Main Syracuse NY 13212-9998
Centerville Finance 99 Maple Ave Dayton OH 45459-9998
Cumminsville 4122 Hamilton Ave Cincinnati OH 45223-9998
East End 3923 Eastern Ave Cincinnati OH 45226-9998
Lindenwald 640 Hooven Ave Hamilton OH 45015-9998
Madisonville Station 5912 Madison Rd Cincinnati OH 45227-9998
Newtown Branch 7040 Main St Cincinnati OH 45244-9998
Reed Hartman Finance 10945 Reed Hartman Cincinnati OH 45242-9998
Station B 10 N Williams St Dayton OH 45402-9998
Stock Yards 2951 Colerain Ave Cincinnati OH 45225-9998
Busch Finance Station 6204 Busch Blvd Columbus OH 43226-9998
Olde Town Finance 1035 Mcallister Ave Columbus OH 43205-9998
Akron Chapel Hill 2000 Brittain Rd Akron OH 44310-1804
Akron Downtown Station 209 S Main Akron OH 44308-9998
Akron East Akron 1763 Goodyear Blvd Akron OH 44305-9998
Akron Maple Valley 1518 Copley Rd Akron OH 44320-9998
Canton Deuber 220 Dueber SW Canton OH 44706-9998
Cleveland Brookpark 14770 Snow Rd Brook Park OH 44142-9998
Cleveland Edgewater 1380 West 117th St Lakewood OH 44107-9998
Cleveland Huntington Finance 925 Euclid Ave Ste 66 Cleveland OH 44115-1411
Cleveland Kamms 3762 Rocky River Cleveland OH 44111-9998
Cleveland Maple Heights 16300 Broadway Maple Hts OH 44137-9998
Cleveland Shore Finance 22751 Shore Center Dr Euclid OH 44123-9998
Mansfield Lincoln Retail 989 Ashland Rd Mansfield OH 44905-9998
Youngstown Eastside Station 733 N Garland Youngstown OH 44506-9998
Youngstown Southside Station 104 Hylda St Youngstown OH 44507-9998
Eug-University 1222 E 13th Ave Eugene OR 97403-9701
POR-Soloman 620 SW Main St Ste 101 Portland OR 97205-3058
Reading - West Lawn BR 2212 Penn Ave Reading PA 19609-9998
Scranton - Dickson City 735 Main St Dickson City PA 18519-1553
Wilkes-Barre - Ashley 31 N Main St Ashley PA 18706-9997
York - Hellam Br 11 S Prospect St York OH 17406-9998
PHI-Adams Avenue Pos - Frankford 821 Adams Ave Philadelphia PA 19124-9997
PHI-Girard Ave - Spring Garden 905 N Broad St Philadelphia PA 19123-9998
PHI-Wissinoming Stat - Tacony 5916 Torresdale Ave Philadelphia PA 19135-9998
Corliss Branch 651 Hillsboro St Pittsburgh PA 15204-9998
Mt. Lebanon 714 Washington Rd Pittsburgh PA 15228-9998
Neville Island Branch 115 2nd St Pittsburgh PA 16510-9998
Wesleyville 3112 Buffalo Rd Erie PA 1/31/2010
Airport 3000 Ave Salvador V Caro Ste 3032 San Juan PR 00979-9998
Puerto De Tierra 163 Ave Fernandez Juncos Ste 2 San Juan PR 00901-9997
Pawtucket Valley Fals Branch 197 Broad St Cumberland RI 02864-9998
Federal Station (Fin) Greenville 300 E Washington St Greenville SC 29603-9998
Pinewood (Fin) 1000 N Pine St Spartanburg SC 29305-9998
MEM-Lee Finance Unit 826 Mississippi Blvd Memphis TN 38126-9998
CHA East Lake STA 2600 E 34th St Chattanooga TN 37407-9998
Irving Downtown 125 W Third St Irving TX 75060-9998
ARL-Great Southwest 711 106th St Arlington TX 76011-5326
Cresthaven 3731 West Ave San Antonio TX 78213-9998
Nimitz Finance 10300 Heritage San Antonio TX 78216-9998
Station A 600 N Frio St San Antonio TX 78207-9998
Buckroe Finance Unit 220 Buckroe Ave Hampton VA 23664-9998
Norfolk Business Center 2600 Eltham Ave #109 Norfolk VA 23513-9996
Williamson Road - Roanoke 3623 Williamson Rd NW Roanoke VA 24012-9998
Green Bay-STA A-FIN STA 119 S Chestnut Green Bay WI 54306-9997
Capitol Station - Charleston 1579 Washington St E Charleston WV 25311-9998
Spring Hill Station 609 Chestnut St South Charleston WV 25309-

Any location in your market should be called to establish a contact and position your agency for bidding.

KN

New O & I Leads Week of 12-14-09

2009-12-15T05:26:00.000-08:00

California
Stockton, CA- O'Reilly Auto Parts signed a 15-year deal for 519,840 square feet at 3412 Perlman Drive in Stockton, CA. The company will occupy the entire building and will move in once build-outs are complete. The estimated move in date is the second quarter of next year.

Delivered last year, the 519,840-square-foot industrial building is on a 32-acre parcel. The property features 76 loading docks, eight drive-in bays and a ceiling height of 28 feet to 32 feet. The building features heavy power with 2,400 amps.

Bob Taylor of Buzz Oates Cos. represented the landlord in-house. Rob Stephens and John McManus of Cushman & Wakefield represented the tenant.

Illinois
Chicago, IL- The Chetrit Group LLC signed three new tenants to long-term deals at One North Dearborn, the firm’s 17-story, 884,004-square-foot office high-rise in Chicago’s Central Loop.

The largest deal was with Adler School of Professional Psychology, which leased 101,000 square feet on the 15th and 16th floors. Move in is planned for the third quarter of next year. Scott Becker and Phil Utigard of Transwestern represented Adler.

Vangent Inc. will occupy 23,000 square feet on the 11th floor on April 1. Steve Hubberman, Robert Sevim and Richard Schuham of Studley Inc. represented the tenant.

NCS Pearson Inc. inked a 16,000-square-foot deal for 10th floor space. Move in is scheduled for April 1. Peter Block of Grubb & Ellis and Robert J. DeAngelis of Berzine & Co. represented NCS.

Michigan
Troy, Michigan-Dialogue Marketing, a telemarketing services company, signed a 31,848-square-foot, 65-month lease at 300 E. Big Beaver Road in Troy, MI. This will be a relocation of Dialogue's offices from northern Troy. The company is scheduled to move in February. The five-story, 148,977-square-foot office building was built in 1985 and is in the Troy Officentre building park in the Troy South submarket. Glenn DesRosiers of Friedman Real Estate Group represented the landlord, Osprey Management Co. LLC, in the direct deal.

Minnesota
Plymouth, MN- IQor Inc. leased 48,700 square feet in the OTC building at 12755 Highway 55 in Plymouth, MN. IQor, a New York-based debt collection agency, plans to move 550 employees from the Metropoint office to the new location. The company plans to increase its workforce by 60 people, and continue to grow through the end of 2010. The OTC building is two-story, 210,000-square-foot warehouse building.

New Jersey
Bedminster, NJ- Peapack Gladstone Bank leased 40,793 square feet at 500 Hills Drive in Bedminster, NJ. The bank is moving its headquarters to the location in spring 2010. The 97,753-square-foot office building is in the Bedminster Township submarket and was built in 1989. Jodie Matthews and Dennis McConnell of Jones Lang LaSalle represented the landlord. Jim Sousa, George Simson and Rick Barfuss of Weichert Commercial Brokerage Inc. represented the tenant.

Pennsylvania
Pittsburgh, PA- Education Management Corp. (EDMC) is launching a $30 million expansion in the Pittsburgh region, with plans to create about 600 new jobs over the next three years and retain more than 2,500 existing ones.

The private post-secondary education provider has leased an additional 17,589 square feet in its headquarters building, the K&L Gates Center in the Central Business District. EDMC now occupies 135,171 square feet in the 37-story office tower. Grubb & Ellis handled negotiations for the landlord, One Oliver Associates LP. Fischer & Co. acts as the exclusive leasing agent for EDMC in all leases.

Additionally, the company is expanding its 157,555-square-foot online higher education facility at Penn Liberty Plaza II in the Strip District, taking another 27,018 square feet. Move-in is slated for this weekend. The Buncher Co., the landlord, received in-house representation.

EDMC is also building a 41,367-square-foot data center in Robinson Township, PA. The first phase, which will consist of administrative offices, is due to deliver in the spring. The data center should be online by 2011. NAI is handling negotiations for the landlord and a deal is expected to be signed by next week.

Texas
Dallas, Texas- Oncor signed a deal to relocate its corporate headquarters to 1616 Woodall Rodgers Freeway, a 265,061-square-foot office building in Dallas' central business district. The electricity distributor will move more than 500 workers and consolidate operations in the eight-story property, which is less than a mile from its current corporate location.

The company will move from Energy Plaza, a 42-story, 1.03 million-square-foot office tower at 1601 Bryan St. in the CBD owned by entity ZSF/Dallas Tower Trust.

Central & Southwest Real Estate Services owns the American Electric Power building at 1616 Woodall Rodgers. Oncor is scheduled to move in the first quarter of 2010. The company cited the stand-alone property's accessibility to public transportation and proximity to the new Woodall Rodgers Park as the reason for its relocation.

Woodlands, TX-Vitruvian Exploration LLC, an independent oil and gas company, signed a deal for 15,333 square feet in the office building at 4 Waterway Square in The Woodlands, TX. The nine-story newly constructed Class A building totals 232,364 square feet and is in the Houston area. The Woodlands Development Co. developed the property in this year. Vice President Frank Onorato of Grubb & Ellis represented the tenant.

Virginia
Reston, VA- Reston Association, a not-for-profit community organization, leased about 30,000 square feet at 12001 Sunrise Valley Drive in Reston, VA. Penzance owns and manages Reston Corner I, a four-story, 100,000-square-foot office property. The community group will occupy space previously filled by Northrop Grumman, which left about a year ago to consolidate on other existing facilities. Penzance spent $3 million to renovate the 27-year old property and RA is the first tenant. Matt Pacinelli, the director of leasing at Penzance, worked with Terry Reiley, Jeff Roman and Tom Walsh of CB Richard Ellis to represent the owner.

New O & I Leads-Week of 12/1/09

2009-12-03T08:20:00.000-08:00

Following are some O & I leads outside the NY market I came across this week. We need to pursue all business opportunities out there these days. I will be providing these types of leads weekly so make sure you review the list for a lead in your market. Good luck!

California- San Mateo, CA
American Institutes for Research leased 24,467 square feet in Peninsula Office Park, Building 3 in San Mateo, CA. Move-in is scheduled for next March. The two-story office structure at 2800 Campus Drive was built in 1974 and is one of nine buildings within the Peninsula Office Park. Bill Kurfess of Grubb & Ellis and Alan Guterman of Commercial Property Services represented the tenant. Ben Paul, John Barsocchini and Pat Yaeger of NAI BT Commercial represented the landlord, The Blackstone Group. (By: Lauren Greenwald)

California- Hollywood, CA
Pilgrim Films, a television production company, leased 36,877 square feet of office space at 12020 Chandler Blvd. in North Hollywood, CA. The 65-month deal is the largest lease transaction for a relocating tenant in Tri-Cities so far this year. The four-story office building measures 126,151 square feet and is part of Valley Corporate Center. Steve Salas, Joe King and Bob Safai of Madison Partners represented Pilgrim Films & Television. Nico Vilgiate, Todd Doney and John Murray of CB Richard Ellis represented the landlord, Chandler Corners LLC.

California- Fremont, CA
WaferGen Bio Systems Inc. signed a 66-month lease for 19,186 square feet at 34781 Campus Drive in Fremont, CA. The genotyping, stem cell and cell biology research company will move into PDL Biopharma Building A, a 48,240-square-foot, Class B flex building that is part of Ardenwood Research Center. Rico Cheung and Gregg Domanico of GVA in Redwood City represented the tenant. Mary Hines, Jennifer Berrueta, Rico Cheung of the same office and Chris Rowe of GVA in Santa Clara represented the landlord, LBA Realty.

California- Santa Clara, CA
Harris Stratex Networks inked a 10-year lease for the 128,500-square-foot office building at 5200 Great America Parkway in Santa Clara, CA. The broadband technology developer is relocating 300 employees from San Jose in May 2010.

The two-story office building is part of the Great America Place business park in Silicon Valley. DJM Capital acquired the three-building, 224,000-square-foot campus in 2007 for $42.7 million, according to CoStar information. The investment firm completed an extensive renovation of 5200 Great America last year, and is working with Harris Stratex to reposition the building for LEED certification.

"Our new Santa Clara office building has been designed to both consolidate and expand our specific operational needs as well as provide for future growth," said Harald Braun, president and CEO of Harris Stratex. According to Braun, Harris Stratex required a facility that would reduce its carbon footprint through the use of alternative energy. Additionally, the building's Golden Triangle location factored into the company's decision, he said.

Marty Morici of Colliers International represented Harris Stratex. Duffy D’Angelo, also of Colliers International, represented DJM.

Florida- Miami, FL
Virginia-based Cambridge Development Group will build a $47 million regional testing laboratory for the U.S. Drug Enforcement Administration in Miami, FL.

DEA South Fl. LLC, a joint venture of Galaxy Investments and Halle Enterprises, closed on its purchase of 9 acres in the Beacon Lakes Business Park and construction financing for the 57,055-square-foot facility. The JV hired Herndon-VA based Cambridge Development to provide development services for the project.

Cambridge previously built the special testing laboratory for the DEA near Washington Dulles International Airport in 2001. Cambridge has completed six special-purpose build-to-suit facilities in the last eight years for the General Services Administration, which oversees and manages thousands of buildings for the federal government.

Following 17 months of negotiations, design and permitting, Cambridge plans to break ground in February, with completion expected in mid-2011. The building, held by the GSA under a 20-year lease, will be an analytical testing laboratory, one of nine regional labs operated by the DEA around the country.

Florida- Orlando, FL
Coleman Technologies has signed a 28,084-square-foot lease with Duke Realty Corp. at Millenia Lakes III. The aerospace systems engineering company is relocating its headquarters from downtown Orlando in spring 2010. Located at 5337 Millenia Lakes Blvd., Millenia Lakes III is a 107,204-square-foot Class A building developed by Duke in 2007. Coleman Technologies is taking the entire third floor at the property. Tim Perry represented owner Duke, in-house. Chris Sproles of CB Richard Ellis represented Coleman Technologies in the deal.

Florida- Jacksonville, FL
Comcast of Greater Florida/Georgia Inc. signed a 106,253-square-foot office lease that will move its Jacksonville, FL, headquarters to Deerwood North business park. The cable, entertainment and information products company will occupy 80 percent of the building at 4600 Touchton Road for the next 11 years. Move in is scheduled for next year. Comcast will relocate from 6805 Southpoint Parkway. Flagler owns 4600 Touchton, a five-story, 135,283-square-foot property. It is one of four buildings at the 500,000-square-foot Deerwood North development. Ross Carrier with Flagler was the landlord's in-house representative. David Fahey of Binswanger represented the Comcast.

Georgia- Atlanta, GA
Goodman, McGuffey, Lindsey & Johnson LLP signed a long-term lease to renew and expand its office space at Tower Place 100 in Atlanta. The law firm will occupy 21,120 square feet. The tenant has been in the building for 15 years and its current lease does not expire until September 2012.

Illinois- Chicago, IL
RTC Inc. signed a 12-year, 503,200-square-foot lease with Duke Realty Corp. at Crossroads V in Romeoville, IL. The global retail marketer and product display manufacturer will relocate 3101 Kedzie Ave. in Chicago. Move in is expected by next spring.

Duke Realty developed Crossroads V at 801 N. Schmidt Road in March of this year. The Class A industrial building features 30-foot clear heights, 48 docks, four 12-foot by 14-foot drive-in doors, 110 parking spaces and 71 trailer parking spaces.

CB Richard Ellis’ Bill Frain, Todd Lippman, Jim Whalen and David Prell represented RTC. CB Richard Ellis’ Larry Johnson and Mike Mangan were the listing brokers for the property. Susan Bergdoll of Duke Realty negotiated on behalf of ownership

Maryland- Baltimore, MD
Computer Donation Management Inc. signed a 100,700-square-foot lease at 500 N. Point Road in Baltimore, MD.

The single-story, 100,700-square-foot, Class C industrial building was built in 1995 and is in the Baltimore southeast industrial submarket. The property includes six loading docks and has a clear height of 18 feet.

CDM is a Maryland corporation that recycles and reuses obsolete computer and electronic equipment. The company will move from 1601 Wicomico St. to the new location in the first quarter of next year.

Robert Millhauser, SIOR and Tim Jackson of Cushman & Wakefield Inc. represented CDM. Justin Mohler, Toby Mink, William Pellington and Adam Weidner of CB Richard Ellis represented the landlord, Black Equities Group.

Missouri- St. Louis, MO
Developers have secured financing for construction of the $100 million National Archives and Records Administration federal personnel records center in St. Louis, MO. The 474,690-square-foot records center, which will retain 800 jobs in the region, "is just months away" from breaking ground, with the first phase slated for completion in May 2011.

The U.S. General Services Administration (GSA) 15 months ago awarded the contract to secure 23.5 acres of land at 1829 Dunn Road for the construction of the National Personnel Records Center, which will be the largest national archives facility outside of greater Washington, D.C., with a central repository of personnel-related records for both military and civil service employees.

Despite the tight environment for commercial lending for large-scale projects, Barry Real Estate Cos. was able to bring in Las Vegas-based Molasky Group to secure the project financing, according to the St. Louis County Economic Council. The project will be built by a joint venture of Hardin Construction Company of Atlanta, GA and St. Louis-based Tarlton Corporation and designed by HKS of Dallas, TX.

Most National Archives operations will relocate from the Federal Records Center at 9700 Page Ave. to the new building, which will be located on land previously owned by North County automotive dealer Johnny Londoff. Other local National Archives facilities also will move to the facility.

The facility contains military records of millions of Americans, including Elvis Presley, Presidents John F. Kennedy and Dwight D. Eisenhower, and sports legends Roberto Clemente and Jackie Robinson. It's a repository of records for military veterans, former civilian federal employees, family members, as well as researchers and historians. It handles more that 1 million record requests annually.

Texas- Dallas, TX
CyrusOne, a data center colocation provider, secured $150 million in financing. The company will use the credit facility to expand its seven data centers in Texas, which total 480,000 square feet, including three facilities in Houston, three in Dallas and one in Austin.

Texas- Houston, TX
The Archdiocese of Galveston-Houston has chosen Turner Construction Co.’s Houston office to construct the 18,000-square-foot Our Lady of Lourdes Catholic Church on 20 acres at Highway 290 and Fairbanks North Houston Road in northwest Houston.

The church will be able to accommodate more than 1,200 worshipers upon completion in May 2010. Houston-based Jackson & Ryan Architects has been selected as the project architect.

The church exterior will consist of king-sized brick and a cast-iron trim and will be topped off with three copper shingle spires at the entry towers. The interior finishes will include vaulted ceilings with acoustical soundproofing, glass-fiber reinforced gypsum columns, marble stone and stained red oak wood trim.
Our Lady of Lourdes Catholic Church was established in 1994 and currently serves more than 850 families. It is part of the Archdiocese of Galveston-Houston, the largest Catholic Archdiocese in the state of Texas and the 11th largest in the United States.

Washington, DC
The Federal Energy Regulatory Commission leased 35,000 square feet at 1100 First St. NE in Washington, DC. FERC will occupy the space for 10 years and will relocate from 888 First St. NE. The agency is the first tenant reported for the 11-story, 348,000-square-foot office building. The property delivered in July and is the first building in the NoMa submarket to achieve LEED Gold certification. The U.S. General Services Administration represented FERC, while Evan Behr, Dan Dooley and Scott Franklin represented the owner, Tishman Speyer, in-house.

Washington, DC
The U.S. Department of Agriculture will occupy 330,000 square feet at Patriots Plaza III, a new office property at 355 E St. SW in Washington, DC. The U.S. General Services Administration inked the long-term deal on behalf of the USDA, which is consolidating five locations in the District and northern Virginia. The federal agency will occupy 87 percent of the building, including space on 11 of its 12 floors, starting next month.

Multi-Employer Property Trust owns Patriots Plaza III, a 380,087-square-foot, Class A building that delivered in September as part of Patriots Plaza, a 1 million-square-foot, three-phase office development in the heart of the Southwest submarket. It is walking distance from the National Mall and shares an outdoor plaza with Patriots Plaza I and II. Trammell Crow Co. developed and currently leases the project, while CBRE manages it. Patriots Plaza III is pre-certified LEED® Silver.