More Headquarter Property News from: Carpenter Technology, Chadbourne & Parke, Clariant, Coty, DMG, Eastern Manufacturing, Eemax, Goya Foods, Innovative Trauma Care, Medical Products Labs, Radionomy, Rothschild, State Bank of India, Tsudis Chocolate
By: Randyl Drummer
Facebook has lifted the veil on the design for its new Menlo Park, CA campus headquarters building, designed by famed architect Frank Gehry.
The social networking company plans to begin the approval process in early 2013 on the new building on its 22-acre West Campus site on Bayfront Expressway, acquired from Tyco Electronics. When completed, it will provide a workspace for Facebook's 2,800 engineers, according to a post on the site by Everett Katigbak, Facebook's environmental design manager.
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The new building will be a large, one room structure that somewhat resembles a warehouse, where true to Facebook culture, employees will sit out in the open with desks that can be quickly shuffled around as teams form and break apart around projects. There will be cafes and micro-kitchens and break-away spaces with couches and whiteboards, Katigbak said.
"The raw, unfinished look of our buildings means we can construct them quickly and with a big emphasis on being eco-friendly. Of course, we'll maintain our current campus and use an underground tunnel to connect the two," Katigbak said in the post.
Carpenter Technology Corp.
Carpenter Technology Corp. will relocate its Carpenter Specialty Wire Products (CSWP) business from Orangeburg, SC, to an advanced precision wire manufacturing facility in Wauseon, OH. Carpenter acquired the Wauseon plant as part of its acquisition of Latrobe Specialty Metals earlier this year.
"The decision to exit CSWP was strategic and is based on our philosophy to consolidate operations in order to maximize efficiency," said William A. Wulfsohn, president and CEO of Carpenter Technology. "The consolidation is expected to reduce operating costs - and, along with future investments, allow for additional growth of premium precision wire products."
The Wauseon plant, which is used to manufacture precision stainless steel wire and other highly engineered steel wires, recently underwent a $3 million expansion highlighted by the addition of technologically advanced hydrogen atmosphere furnaces.
The transition will take place over the next 12 to 15 months.
After the move, the Orangeburg facility will be closed. The Orangeburg facility has been owned by Carpenter since 1984 when it was purchased from AMAX Specialty Metal Corp.
Chadbourne & Parke
Chadbourne & Parke, an international law firm, signed a lease for a new headquarters office in New York City at 1301 Sixth Ave.
The 20-year lease for more than 200,000 square feet includes two five-year options for renewal and expansion options on additional floors to allow for continued growth. The deal is the largest lease transaction by a law firm in Manhattan in 2012 and one of the largest leases in the Manhattan market this year.
The firm will begin moving operations to its new location immediately and will complete its move once the demolition, redesign and build-out of its new offices are finished.
Chadbourne is best known for major practices in renewable energy/project finance, corporate/M&A, tax, litigation and bankruptcy, among other practice areas, and for its focus on emerging markets.
"We intend to design and build an office for the future, leveraging some of the key drivers for our clients and our lawyers -- efficiency, flexibility and technology. We will create a state-of-the-art workspace for our clients, our lawyers and our staff," said Chadbourne managing partner Andrew Giaccia.
The firm's new space will be designed by Gensler, a leading architectural and design firm.
The Chadbourne team that conducted the search for a new headquarters location and negotiated the lease was led by partner Richard Sonkin, head of the firm's real estate committee. Chadbourne was represented by Newmark Grubb Knight Frank.
Moshe Sukenik, Chris Mongeluzo and Brian Cohen of Newmark Grubb Knight Frank represented the law firm. Ted Koltis and Heather Kahn acted on behalf of Paramount Group Inc.
Also, David Falk, Peter Shimkin and Nick Berger represented Mitsui in the Rothschild deal as exclusive agent for 1251 Avenue of the Americas.
Clariant broke ground on a new global headquarters for its oil and mining services business unit in The Woodlands, TX, expanding the company's current presence in the master-planned community and energy hub.
The new space will allow Clariant to double its workforce in The Woodlands by 2015.
The campus, which is slated to be complete by fall 2013, will include two 32,000-square-foot, two-story buildings containing offices for the global business unit and North American operations, the global and regional oil services technical center, a regional mining technical center and an employee training facility.
The headquarters will be housed in Black Forest Technology Park. The addresses for the two buildings will be 2730 and 2750 Technology Forest Blvd.
Coty Inc., a global leader in the beauty industry with brands in fragrance, color cosmetics, skin and body care, completed a 16.5-year for 98,000 square feet lease. Coty is expanding its research and development space from two other buildings within the same corporate park to 500 The American Road in Morris Plains, NJ.
The expansion is the result of Coty's need for a larger, new research and development facility within a single structure to accommodate planned growth within the business unit and the relocation of other R&D employees from foreign locations.
The facility will include laboratory, office, consumer testing and warehouse space
Cassidy Turley's Richard Bernstein, executive vice chairman, principal, and Ralph Giordano, senior managing director, negotiated directly with the principals of Lighthouse Real Estate Ventures, Paul Cooper and Louis Sheinker on the deal.
DMG Corp., an HVAC engineering and manufacturing company, leased 54,581 square feet at 1110 West. Taft Ave. in Orange, CA.
DMG plans to relocate from its current corporate headquarters in Whittier, CA, which is about half the size of the new space - and will move its 120 employees into the facility later this year.
DMG signed a long-term lease for the majority of the building with an option to purchase the entire property. DMG was able to move into the property immediately to meet its business needs while they are in the process of purchasing the building through a 1031 exchange. The sale is expected to close by the end of the year.
The well-located building includes 32,224 square feet of warehouse/showroom space as well as 34,597 square feet of office space
in two stories. It offers four ground-level doors, and abundant yard space.
Steve Schloemer, senior vice president, and Chris Sheehan, senior vice president, with Colliers International, represented the property owner, AICI LLC from El Segundo, CA. Allen Buchanan and Steve Shatafian of Lee & Associates represented DMG.
"This property will serve as DMG's corporate headquarters and is representative of the prevailing trend for companies to gain efficiency by putting multiple facilities into one building," Sheehan said.
Eastern Manufacturing Inc., which manufactures catalytic converters for automobiles, will acquire and renovate a 102,482-square-foot building adjacent to its current facility in Langhorne, PA. The expansion project is expected to result in 40 new jobs and the retention of 100 existing positions.
Eastern Manufacturing will receive a $2 million, 15-year loan at 1.75%, which will result in an additional $3.7 million of private investment.
Eemax, a manufacturer of commercial, industrial and residential electric tankless water heaters, signed a long-term lease for its new plant-headquarter location in Waterbury, CT.
Eemax's relocation to a larger facility is necessitated by an 83% growth in sales over the past six years.
Eemax is investing in new equipment, engineering test labs, training center, and more personnel to accommodate an anticipated doubling in size over the next five years as the company launches a new product line.
Following some renovation, the facility will open in November as Eemax moves from its current world headquarters in Oxford, CT, including its engineering, marketing, sales, customer service, accounting and manufacturing divisions.
Goya Foods, the largest Hispanic-owned food company in the United States, broke ground on a 615,000-square-foot headquarters and regional distribution center at 360 County Road in Jersey City, NJ.
"This marks Goya's largest expansion in the company's history," said Bob Unanue, president of Goya Foods.
The new site, developed by The Rockefeller Group and constructed by R.C. Andersen, will feature 577,000 square feet of warehouse space and 38,000 square feet of office space on 40 acres of undeveloped land. The new center will ensure the retention of more than 500 existing local jobs and the addition of more than 80 positions.
The new site will occupy the last remaining undeveloped land that can accommodate a building larger than 600,000 square feet in the Meadowlands.
Innovative Trauma Care
Innovative Trauma Care (ITC), a Canada-based early-stage medical device firm focused on developing point of injury solutions for trauma, is making its U.S. headquarters in San Antonio, TX.
ITC's U.S. office will focus on developing and fortifying sales, marketing and distribution channels, and will be at 3463 Magic Drive in the San Antonio Technology Center.
"San Antonio is the up-and-coming epicenter of trauma medicine in North America," said ITC's CEO and founder, Dr. Dennis Filips. "With an exceptionally strong bio-tech presence, an undeniable military influence, a business-friendly economy and a superior quality of life, it made sense for us to locate our U.S. headquarters in the heart of Texas."
Medical Products Labs
Medical Products Laboratories Inc., a contract dental products manufacturer, will construct a new, 27,027-square-foot manufacturing/warehouse facility to connect two existing structures in Philadelphia. The three joined structures will create a state-of-the-art manufacturing and research and development facility that will result in 34 new jobs and the retention of 143 existing positions.
Medical Products Laboratories will receive a $1.2 million, 15-year loan at 1.75%, which will result in an additional $1.8 million of private investment.
Radionomy, a free global radio service, is locating its U.S. headquarters at 181 Fremont St. in the heart of San Francisco's South Financial District. The company is opening the new office as it prepares to introduce its service to music and talk radio fans in the U.S.
Radionomy lets listeners create, broadcast, promote and monetize their own online station.
"San Francisco is the nexus of online media, technology and innovation," said Thierry Ascarez, vice president of business development of Radionomy. "It is the perfect place to base our U.S. operations and a perfect launching pad for our U.S. introduction."
Ascarez said the San Francisco office would focus on sales, marketing, further platform development, and establishing new partnerships. He said initially the office will be staffed by Radionomy staff from Europe and that he expects to add U.S.-based staff over the coming months.
Rothschild North America
Rothschild North America Inc. renewed 70,000 square feet at Mitsui Fudosan America Inc.' flagship property at 1251 Avenue of the Americas in New York. Rothschild has been a tenant of MFA since 1993 and with the renewal it plans to stay through to 2028.
With the renewal, Rothschild will relocate from the 44th and 51st floors to the 33rd and 34th floors.
"The Rothschild deal is one of only a few major lease renewal transactions by a financial services firm in New York this year," said Christopher N. Perez, senior vice president of Mitsui Fudosan America.
State Bank of India
After having its offices in downtown Los Angeles' Aon Center office tower for more than three decades, the State Bank of India (California) agreed to make it an even four decades, signing a 10-year, 19,052-square-foot lease for its U.S. headquarters in the Beacon Capital Partners property at 707 Wilshire Blvd.
As part of the new agreement, the bank will consolidate and expand existing offices currently on different floors to occupy the entire 29th floor of the 62-story office tower.
Newmark Grubb Knight Frank's Gibran Begum represented the bank in the lease. John E. McAniff, Tim Miller and Marin Rutherford of Jones Lang LaSalle have the property listing.
Tsudis Chocolate Company Inc. will acquire an existing 97,500-square-foot facility in O'Hare Township, PA. The acquisition will allow the company to reconfigure space to accommodate an increase in production capacity resulting in 50 new jobs and the retention of 190 existing positions.
The company will receive a $1.56 million, 10-year loan at 2.75% from the Pennsylvania Industrial Development Authority, which will result in an additional $2.34 million of private investment.
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