Office Lease Up (Apr 6) Stanford Health Care Takes 138,000SF with BioMed

Last Week's Largest Leases Include: Behringer, Biogen, Focus Brands, GE Capital, Hitachi America,Wells Fargo, Westpac and many others

Stanford Health Care has leased 138,000 square feet at BioMed Realty Trust's Pacific ResearchCenter in Newark, California.

Stanford Health Care is an academic health care institution and will be taking over all of Building 9on the PRC campus.

As part of the Stanford Health Care transaction, BioMed Realty terminated 105,000 square feet ofspace from Logitech Inc. in Building 9. Logitech continues to lease 158,000 square feet in Building8.

Last month, BioMed Realty signed Advanced Cell Diagnostics to an eight year, 35,000-square-footlease at PRC.

By Mark Heschmeyer

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GE Capital Leases 139,323 SF in Irving

GE Capital has signed a lease for 139,323 square feet within the Riverside Commons, a 456,000-square-foot suburban office park located in Irving, TX.

Riverside Commons is comprised of six mid-rise buildings on 11 acres in the Urban Center/Wingrensubmarket. Formerly the U.S.

headquarters for Canadian telecommunications company Blackberry, the park was acquired byBrookfield Property Partners around this time last year.

GE Capital, the financial services division of General Electric (NYSE: GE), will consolidate itsoperations in the two buildings at 5000 Riverside, also known as Buildings 5 and 6.

Matt Heidelbaugh and Cribb Altman of Cushman Wakefield of Texas, Inc. represented GE Capital,while Trey Smith and Johnny Johnson of DTZ represented Brookfield Property Partners.

By Jean Bradley

Biogen Signs 80,000-SF Lease in Cambridge

Biogen, a biotech company that develops, markets, and manufactures therapies for people livingwith neurological, autoimmune and hematologic disorders, signed a 10-year lease for 79,683 ofoffice and laboratory space at 301 Binney St. in Cambridge, MA.

The five-story, Class A office building totals 417,290 square feet in Boston's Kendall

Square/Cambridge submarket. Biomed Realty Trust (NYSE: BMR) purchased the property in 2007and also manages the building.

Biogen currently occupies the entire 4th floor and this fall will take the entire 5th floor for a total of180,000 square feet. Other tenants include Ironwood Pharmaceuticals and Living Proof.

Eric Smith and Steve Purpura of Transwestern RBJ represented Biomed Realty Trust, which has nowsuccessfully leased up the building. Representatives with DTZ negotiated the lease on behalf ofBiogen.

By Kara Franz

Wells Fargo Renews 82,000 SF in Orlando

Wells Fargo Bank N.A. signed a seven-year lease renewal for its 81,857-square-foot space in the OneOrlando Centre office building at 800 N. Magnolia Ave. in Orlando, FL.

The 19-story, 355,783-square-foot, 4-Star office tower was built in 1988 on 5.7 acres in theDowntown Orlando submarket of Orange County. It was renovated in 1995, and is now known asWells Fargo Bank Building.

David Preve' of Cresa represented the tenant. John Gilbert of JLL represented the landlord, ParkwayProperties.

By Lauren Ashleigh Ayler

Focus Brands Relocates Headquarters

Focus Brands, the parent company to Cinnabon, Auntie Anne's, Moe's Southwest Grill, Schlotzsky'sDeli, McAlister's Deli, and Carvel, signed a lease to relocate its corporate headquarters to MidCityPlaza at 5620 Glenridge Dr. in Atlanta.

The company will occupy 63,049 square feet at its new location.

MidCity Real Estate Partners purchased the MidCity Plaza in June 2013. Formerly the headquartersfor Crawford Co., the 88,021-square-foot, four-story office building underwent renovations in 2014and is less than a mile away from Focus Brands old headquarters at 200 Glenridge Point Pky., wherethe company currently occupies three floors.

Focus Brands plans to move-in to its new location August 2015.

Glenn Kolker and Preston Menning of DTZ represented MidCity Real Estate Partners, while ChrisWagner with JLL represented Focus Brands in the lease.

By Wesley Kenney

Behringer Relocating HQ to New Addison Development

After more than a decade at One Addison Circle, multi-strategy investment management companyBehringer will relocate its corporate offices to Cawley Partners' new Tollway Center development inAddison, TX.

The 200,000-square-foot, six-story office building is slated to break ground this month on a six-acresite at 14300 Dallas Pky., located between Belt Line and Spring Valley Rd. and just west of theDallas North Tollway. Behringer signed a 10-year lease with plans to take occupancy by Q3 2016.

"Tollway Center will offer our team a state-of-the-art, amenity-rich, open-office environment thatfosters open communication and reflects our company's innovative and entrepreneurial identity,today and into the future," said Jason Mattox, chief operating officer at Behringer. "Addison was theright home for Behringer in 2004 and continues to be vital to our success due to the city's business-friendly atmosphere, its growing residential base, which has allowed many of our employees to enjoya fantastic work-life balance, and our existing fluency with the city."

Amenities at Tollway Center are set to include an open-air rooftop terrace, fitness center, and indoorcafe. The project is tentatively scheduled to deliver in Q4 2015.

"We couldn't be more excited to welcome Behringer to Tollway Center," said Bill Cawley, CEO ofCawley Partners. "From a developer's perspective, you can't ask for more than to kick off the leasingon a brand-new building than with an anchor tenant like them."

Jeff Staubach and Torrey Littlejohn of JLL represented Behringer in its search for a new corporateheadquarters.

By Bryce Meyers

Elixir Medical Moves HQ to Milpitas

Elixir Medical, the drug-device developer, signed a lease to relocate its corporate headquarters tothe McCarthy Center at 920 N.

McCarthy Blvd. in Milpitas, CA. The company will occupy 53,666 square feet at its new location.

The Sunnyvale-based outfit will vacate two buildings totaling roughly 24,450 square feet andconsolidate its operations at the new McCarthy Center location. Elixir plans to take occupancyAugust 15, 2015.

Ben Stern and Michael Saign of Newmark Cornish Carey represented Elixir Medical, while ChristianMarent and Mark Schmidt of CBRE represented the landlord, The Irvine Co.

By John Lucero

Hitachi America Signs 41,252-SF Office Lease

Hitachi America, the U.S. subsidiary of Japanese conglomerate Hitachi, will open a new West Coastoffice following its signing of a 41,252-square-foot lease at 3315 Scott Blvd. in Santa Clara, CA.

The four-story, 165,008-square-foot building was constructed in 2013 and awarded LEEDcertification at the Silver level by the U.S.

Green Building Council in 2014.

Hitachi America is slated to take occupancy of the top floor in Q2.

The rest of the vacant building remains available for lease Carl Florant of Newmark Cornish Careyrepresented Hitachi in negotiations, while Don Reimann and Gregg von Thaden of ColliersInternational represented the building owner, Menlo Equities.

By Eric Kies

Connolly Healthcare Leases 31,000 SF

Connolly Healthcare, a payment integrity firm, signed a long-term lease for 30,845 square feet in theHillcrest III office building located at 731 Arbor Way in Blue Bell, PA.

The single-story, 137,680-square-foot property sits on 54.5 acres in the Plymouth Meeting / Blue Bellsubmarket of Montgomery County, part of the Arborcrest Park Office Park. Connolly Healthcare willshare the building beginning in the second quarter with PRA International, which leasesapproximately 75 percent of the space there.

Mike Morrone and Patrick Gallagher of JLL represented the landlord in direct negotiations with thetenant.

By David Egbert

Australian Bank Westpac Recommits to 575 Fifth

Westpac Banking Corp., the oldest Australian-based banking company, renewed and expanded itslease at 575 Fifth Ave. in New York.

Westpac has resided in the building since 1996; it will now occupy 15,475 square feet for 10-years.

Westpac will occupy the entire 39th floor.

Westpac required an expanded footprint as well as modifications within their current space thatwould allow the bank to increase efficiencies.

Savills Studley executive vice president Daniel O. Horowitz and associate Director Gary Kerperrepresented Westpac; while Keith Caggiano and Gregg Rothkin of CBRE represented the landlord,an entity owned by Metropolitan Life Insurance Co.

By Mark Heschmeyer

Blueprint Medicines To Expand Footprint

Blueprint Medicines, a patient-driven oncology company that develops kinase inhibitors, signed a38,536-square-foot lease at The Clark Building at 38 Sidney St. in Cambridge, MA.

The five-story, 123,480-square-foot, Class A office building was constructed in 1989 withinUniversity Park at MIT, located adjacent to the MIT campus.

Eric Smith and John Varholak of Transwestern RBJ represented Blueprint Medicines. JosephFlaherty of Colliers International represented the landlord, Forest City Enterprises, Inc.

By Duane Owens

128 Technology Leases 26,797 SF

128 Technology, a technology start-up headquartered at One Burlington Woods Dr. in Burlington,MA, secured a 26,797-square-foot lease within The Summit office park in Burlington, MA.

The property is a 250,000-square-foot, six-story office building constructed in 1990 at 200 WheelerRd. and renovated in 1998. The building is located in the Burlington/Woburn submarket and isowned by the Gutierrez Co. 128 Technology will take occupancy in the fall 2015.

Blake Baldwin, Michael Dalton and Michael O'Leary of DTZ brokered the deal on behalf of TheGutierrez Co.

By LaShawnda Sharp

Billing Services Group Renews at One Technology Center

BSG, a telephone billing payment solutions company, renewed its 27,789-square-foot lease at OneTechnology Center in San Antonio, TX.

The 14-story office tower totals 196,348 square feet at 7411 John Smith in Northwest San Antonio.Orion Partners, Inc. developed the building in 1983 and later renovated it in 1996. Kennedy Wilsonacquired the asset in 2007, according to CoStar information.

BSG's lease includes the penthouse suite on the top floor and also the entire fifth floor. According toSuzanne Havekost, managing director of the building Kennedy Wilson, BSG has been headquarteredat One Technology Center for 15 years.

Havekost negotiated the renewal in-house on behalf of Kennedy Wilson, while David Nicholson IIIand Bryan Parman of The Weitzman Group represented BSG.

By John Luoma Salsify Relocates to One Winthrop Square, Triples SF

In need of additional space to accommodate future growth, Salsify, a Boston start-up that focuses onmaking e-commerce sites easier to manage, agreed to a lease that will see the company relocatefrom 3,354 square feet at 109-115 Broad St. to 12,572 square feet at One Winthrop Square indowntown Boston.

The historic five-story, 102,567-square-foot office building was built in 1873 and formerly served asthe headquarters of the Record American newspaper before undergoing extensive renovations in1990 and 2008. Today, the property features exposed brick and beam suites, floor-to-ceilingwindows, efficient floor plates and a newly renovated lobby The "jewel box" style building is locatedBoston's financial district submarket and fronts the Winthrop Square Park. It is currently 92% leasedand is anchored by Boston Financial Management.

Charles Kavoogian and Jonathan Freni of CBRE-New England represented Salsify. Jason Cameron ofNewmark Grubb Knight Frank represented San Francisco-based DivcoWest Properties, whichacquired the asset in December 2013 for $36 million.

By Jeannie Reamer

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