The building had been vacant for about a year, after formertenants A.G. Edwards and the Spark Agency left for other buildings,says Wanda Wyatt with Solon Gershman Inc. She represented Omicronin the lease, and Andrew Sheir with Jones Lang LaSalle representedthe landlord 1881 Pine Street LLC. Wyatt tells GlobeSt.com that thecompany signed a 10-year lease, and is paying an average rate of $9to $10 per sf over the term. "They're not a typical office tenant,so the lease is structured for this particular tenant to make surethe landlord's needs are covered. It's a net lease," she says.

Sources say the building was purchased for $5.8 million byBrascan Real Estate Opportunity Fund from Developers Diversified inOctober 2005. The facility is 20 years old, but was renovated in1999.

Omicron is a chapter of Alpha Kappa Alpha, a sororityestablished by African-American college-trained women in 1908 onthe campus of Howard University in Washington, DC. The mission ofthe school is to provide challenging and world-class instructionfor children so that the opportunity to label the youth as"at-risk" is significantly reduced.