Long Island

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Computer Network Solutions has leased approximately 35,000square feet for its corporate headquarters and managed networkoperations at 131 Hoffman Ln. in Islandia, NY. Scott Berfas andChuck Tabone of Newmark Knight Frank represented CNS in leasenegotiation, and Newmark’s Jack O’Connor, Brian Lee and Berfas alsorepresented ownership, Matteau! Matteau! Matteau! Realty, LLC. “The114,000-square-foot office building is being repositioned throughcomprehensive renovations,” Berfas says in a release. “CNS ismoving its headquarters due to demand it is seeing from its accountbase in the area of colocation datacenter services.”

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St. Joseph’s College, with campuses in Brooklyn and Patchogue,NY, has signed a long-term lease for the entire 27,500-square-footsecond floor of the new 300 Building at Metropolitan RealtyAssociates’ Sunrise Business Center in Great River, NY. Theprivate, non-sectarian college founded in 1916, plans to use theGreat River space for administrative operations. Christopher E.Stack of CB Richard Ellis represented St. Joseph’s in thetransaction. Metropolitan was represented in-house by EricEnglander and by a Cushman & Wakefield leasing team includingDavid Leviton, Robert Kuppersmith, Marisa Karmitz and ZacharyPrice. Metropolitan’s deal with St. Joseph’s follows the company’srecent announcement that University Support Services, anadministrative affiliate of St. George’s University in Grenada, hadleased 50,000 square feet at the same property.

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New York City

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UGL Equis recently negotiated a six-year sublease on behalf ofReval.com, Inc. at 420 Fifth Ave. The derivative risk managementfirm is moving from 100 Broadway into the Grand Central submarket,where it’s subleasing 29,406 square feet from Macquarie Holdings.Cushman & Wakefield’s Robert Tanzmann represented Macquarie; aUGL Equis team that included Dirk Hrobsky, Peter Trivelas, GaryCeder, David Burton and Andrew Sansom spoke for Reval.

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Houston-based Susman Godfrey LLP is planning to move into largerManhattan offices at 560 Lexington Ave. by year’s end, havingsigned a 10-year, 16,325-square-foot lease to occupy the property’sentire 15th floor. Studley’s Jarod Stern and Brad Wolk representedthe law firm. Landlord Rudin Management was represented in-house byRob Steinman and Tom Keating.

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While one law firm moves, another has opted to stay put. Putney,Twombley, Hall & Hirson LLP has renewed its 20,987-square-foot,full-floor lease at 521 Fifth Ave. It’s been headquartered therefor many years. Melissa Bazar of Cushman & Wakefieldrepresented the tenant, while SL Green Realty Corp.’s David W.Turino provided in-house representation.

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Modeling agency DNA Model Management has relocated its Manhattanheadquarters to 555 W. 25th St., taking 7,200 square feet in a10-year lease that expands its space by nearly 50%. Studley’s ZevHolzman and Casey Lewis represented DNA, while Mark Furst ofCassidy Turley represented the landlord. Asking rents at the51,000-square-foot office property are in the low $30s per squarefoot.

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Massey Knakal Realty Services earlier this week announced theclosing of its 100th transaction of the year. A warehouse propertyat 195 Bay 19th St. located between Bath and Cropsey Avenues inBrooklyn’s Bensonhurst neighborhood was sold in an allcash-transaction valued at $2.7 million. “We have clearly seen anincrease in investment sales activity from historically low levelsin 2009,” Massey Knakal’s Ken Krasnow says in a release. “Investorshave more confidence, interest rates are still low and welllocated, stabilized assets can still command excellent pricing. Theoutlook for the remainder of the year looks even more promising.”Buyer and seller were not disclosed. Massey Knakal was the solebroker on the transaction.

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NorthMarq Capital’s Craig Bjornsund arranged first mortgagefinancing in the amount of $34 million for two ULM Holding Corp.office properties: 300 E. 42nd St., where the main tenant is theUnited Nations, and 1776 Broadway. The properties contain a totalof approximately 300,000 square feet of office space. Financing wasbased on a 15-year term and a 25-year amortization schedule and wasarranged for the borrower by NorthMarq through its correspondentrelationship with Sun Life of Canada.

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Boston

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Marci Alvarado at Parsons Commercial Group, Inc. representedhealthcare data firm Recombinant Data Corp. in its corporateheadquarters renewal and expansion at Two Newton Place in Newton,MA. The tenant expanded from 5,700 square feet to 9,000. LandlordRMR West, LLC was represented in‐house.

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Baltimore

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Stat Experts Inc., a provider of on-demand and scheduled courierservices, has leased 11,092 square feet of industrial space at 6704Whitestone Rd. in Woodlawn, MD. Richard F. Blue Jr. of Blue &Obrecht Realty LLC represented the landlord, Colony RealtyPartners, and Paul F. Obrecht III and Krager D. Sanders, also ofBlue & Obrecht, represented the tenant.

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Additional reporting by Alyson Grala.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.