The Boston Business Journal was first to report the split involving longtime business partners Jonathan Davis and Paul Marcus, the former principals of Davis Marcus Partners Inc., in February. At the time, Marcus was coy about his future plans. But this week he announced his intended launch of Marcus Partners Inc. June 16.

Marcus' new company will be staffed by several former Davis Marcus employees including chief investment officer William McAvoy, senior vice president of development Jan Machnik, senior vice president of construction and development Peter Scoba and director of finance Lora Shea. Also from Davis Cos., David Fiore will lead Marcus Partners' Connecticut office and Mark Stroud will lead the Florida office.

An Affiliate of Davis Marcus Partners sells 295,000 flex portfolio located at 111, 114, and 150-170 Locke Drive in Marlborough MA.

Intercontinental Real Estate Corporation, on behalf of US Real Estate Investment Fund LLC, purchased the three property portfolio from an affiliate of Davis Marcus Partners for $29.1 Million. During their ownership period Davis Marcus Partners extended Sepracor and Xcellerex' leases who, along with Motorola, are the primary companies in the property. Davis Marcus purchased the property in March 2006 for $24.1 million.

Davis Marcus Partners and a group of physicians completed the purchase of the eight-story Waldemere Medical Plaza from the public entity that owns Sarasota Memorial Hospital.

"It was a long and difficult acquisition," said Mark Stroud, president of the Florida division of Davis Marcus.

Sarasota Memorial placed the 161,000-square-foot building on the market in 2006.

New owner seeks to develop a 30,000 sf mixed use project with residential and complementary office or retail space. Davis Marcus Partners recently completed Riverside Green in Westport overlooking the Saugatuck River, a 15 unit residential community with 2 commercial units.

Wilton, CT Davis Marcus Partners has pre-leased 57,000 s/f to Louis Dreyfus Corporation for the entire top floor of 40 Danbury Rd. at Wilton Corporate Park. "This has been an exciting process since we started construction in June 2007. This lease is indicative of the strong activity we've been experiencing and the endorsement we have received from the corporate community. Construction has been proceeding on schedule and the steel is going up. Dramatic changes are occurring every day at the property now," said David Fiore, senior vice president for Davis Marcus Partners. "It is very satisfying to have successfully gone through the process we just completed with the very strong team at Louis Dreyfus." Louis Dreyfus is presently located at 20 Westport Rd. and plans to move into their new space on completion of construction in June 2008.

Jim Fleming of Louis Dreyfus Corporation said, "40 Danbury Rd. will make a great office location for our commodity trading group. It is in close proximity of our current location and is of a high quality standard we feel is needed to attract and retain our key people"

National Grid will consolidate two Massachusetts locations in Westborough and Waltham, Mass., into a new location currently under construction.

The announcement was made by National Grid on Monday after the company informed 1,700 employees they would be moving to new offices by mid-2009. National Grid signed a lease for an initial 270,000 square feet in a new 300,000-square-foot building being constructed by Davis Marcus Partners Inc. The building will be located at the Reservoir Woods East campus on Sylvan Road in Waltham. The building will be energy efficient and built to the highest "green" standards as outlined by the U.S. Green Building Council

Reservoir Woods, 920-940 Winter St., Waltham

This multiphase campus development on 120 acres of land is the result of acquisitions made by Davis Marcus Partners from Polaroid Corp., New England Baptist Hospital and Verizon Communications Inc. and will ultimately offer more than 1.2 million square feet. The west campus, says Davis Marcus chief executive officer Jonathan Davis, comprises the HealthPoint and Polaroid properties and has 580,000 square feet that is 95 percent occupied. Another 180,000 square feet will be ready in the spring.

On the east campus, part of the Verizon building will be demolished for planned construction of a 450,000-square-foot building that is in the review process with the city of Waltham, Davis said.

Anchor tenant Beiersdorf, NA renews its lease for 10 years at 187 Danbury Road in Wilton CT.

By John Jordan. WILTON, CT-Davis Marcus Partners begins construction on more than 243,000 sf of new spec office space at Wilton Corporate Park here.

Wilton Corporate Park is a four-building office park, comprised of two existing fully leased premier properties at 50 and 64 Danbury Road and two sites under construction at 40 and 60 Danbury Road. 50 and 64 Danbury Road total approximately 265,000 square feet and are leased to a blue chip tenant roster including AIG Financial Products, Ryan Partnership and Connolly Consulting. Development currently underway includes construction of the new 162,500 square foot, Class A office building, 40 Danbury Road, on track for occupancy in June 2008, and the 82,000 square foot Class A office building, 60 Danbury Road, scheduled to be completed in November 2008.

40 Danbury Road is one of the most distinctive suburban office developments in the County. Davis Marcus Partners' decision to begin construction prior to obtaining tenant commitments reflects the company's belief in the strength of the Route 7 Corridor as an established and desirable location. Fiore noted, “Market indicators are pointing toward continued growth in this corridor. Companies are looking for conveniently located, quality work environments, with complete amenities packages including top notch food service, conferencing, and health/athletic facilities for their employees.

In addition to the construction of a new cafe and executive dining area at 40 Danbury Road, Wilton Corporate Park amenities are all being upgraded to include new athletic equipment and personal TV's in the fitness center, wood lockers in the locker rooms, a newly refurbished 150 seat auditorium with updated audio-visual systems, and upgraded finishes in the common areas of the existing buildings. The outside picnic area has been completely renovated and now includes new picnic tables and park benches, a shade canopy structure, new landscaping and regulation horseshoe pits. This is the only property in the July 2007 county that has both a theater style auditorium and outdoor amenities including a tennis court, basketball court, and volleyball court.

On , CASMED entered into agreements with Davis Marcus Partners, Inc. with respect to the sale and leaseback of the Property. ...

Xcellerex Inc. renewed its lease with Davis Marcus Partners Inc. and will expand the headquarters location by about 21,000 square feet.

The company, which provides contract services for biotech companies looking to develop and manufacture drugs and vaccines, signed a lease for 60,885 square feet at 150-170 Locke Drive in Marlborough, Mass. As part of the lease terms, Xcellerex will occupy an additional 20,885 additional square feet in the 120,000-square-foot office, manufacturing and R&D building.

Davis Marcus Partners sell an interest in the Charles River Plaza complex on Cambridge Street for an undisclosed amount and retain interest of the 355,000 sf Simches biomedical research building, a state of the art life sciences\lab building.

Davis Marcus Partners acquire 725 Concord Avenue in Cambridge, an 85,000 square foot medical office building leased by medical practices affiliated with Mt Auburn Hospital of Cambridge MA.

Davis Marcus Partners Inc., in partnership with Prudential Real Estate Investors, acquired the Verizon Communications property at 40 Sylvan Road in Waltham, Mass., for an undisclosed price.

The property is located on a 54-acre parcel and includes six interconnected buildings totaling 345,000 square feet. Verizon will sell the property to Boston-based Davis Marcus and lease back 140,000 square feet of space.

The parcel allows for another 450,000 square feet of development, which could occur by the spring of 2009, according to a statement released by Davis Marcus Partners. The development company now owns 1.1 million square feet of property in Waltham.

Having made its first purchase in Naples Fl earlier this year, Davis Marcus purchases Collier Place I and II, its second acquisition. Davis Marcus sets goal of acquiring and developing more than 1.0 million square feet of real estate in SW Florida. The major tenant is Collier Enterprises, the original developer of the property who will remain as a tenant.

The last unit in Riverside Green has been sold. Riverside Green is a 16 unit residential community with 2,500 square feet of commercial space overlooking the Saugatuck River.

Davis Marcus Partners bought a 25,852-square-foot retail building for $3.5 million from APCA TSI LLC.

The building is located on 750 Union St. in Franklin, Mass., and is fully leased to the Boston Sports Club.

Davis Marcus Partners Completes Purchase of Six Assets $142 million and 1.2 million square feet of office, medical office, wellness, Flex and Lab - Boston Design Center 1031 Now Complete

In December 2005 Vornado completed the purchase of the Boston Design Center from Davis Marcus Partners. Davis Marcus successfully identified and closed on six assets to complete a 1031 Like Kind Exchange. Properties include Ardsley Park in Ardsley NY - a 390,000 square foot office/lab complex, 1210-1230 Washington Street in Newton MA, 187 Danbury Road in Wilton CT, 111, 140 and 150-170 Locke Drive in Marlborough MA, Collier Health Park in Naples Florida and Healthpoint located in Waltham MA.

Marcus Partners buys Collier Health Park, a 77,000 square foot medical office property adjacent to North Collier Hospital, a subsidiary of Naples Community Hospital. The acquisition is in keeping with a corporate strategy of buying medical property adjacent to hospital campuses. North Collier Hospital is undergoing a significant expansion from 117 beds to 225 beds.

Business Wire, PARAMUS, N.J. -- Vornado Realty Trust (NYSE:VNO) today announced that it has entered into an agreement to acquire the Boston Design Center which contains 552,500 square feet located in South Boston and which will be operated by the Company's Merchandise Mart division. The purchase price is approximately $96 million, consisting of $24 million in cash and the assumption of an existing $72 million mortgage.