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DALLAS-The 30,536-sf Woodbridge Plaza Shopping Center has been sold for $3.2 million to Henry S. Miller Cos., parent of the lead tenant. A real estate partnership has been set up as a conduit for the purchase.
FT. WORTH-Crescent Real Estate Equities Co. is aligning with North America's largest commercial real estate firm, acquiring 10% interest in an innovative e-tailing operation catering to the office sector. Crescent is the first strategic partner in the e-tailers roll-out bid for US markets.
TEMPLE, TX-The Texas portfolio of Alabama-based Colonial Properties Trust just keeps growing, with the REIT buying a 575,000-sf mall in Temple, TX, near Waco. The Alabama-based REIT entered the Texas market just two years ago.
ROANOKE, TX-A Dallas developer signs Albertsons to anchor his newest venture, a 13.1-acre development in a rapidly growing community north of Dallas. With the deal, comes Albertsons' new strategy teaming a service station and garden center with its traditional grocery store offerings.
FT. WORTH-In a surprise move, the owner of Ft. Worth's prestigious 474,000-sf Bank One Tower has halted rehabilitation work from a March 28 tornado, terminated leases for three tenants and put the city's fifth tallest building up for sale.
FT. WORTH-The Cook Children's Physician Network goes from classroom to storefront, leasing 11,351 sf at a popular shopping center on the outskirts of Ft. Worth.
GRAND JUNCTION-Ricon Resins, which boasts 20% of its annual sales in overseas markets, is being taken over by Sartomer Co. of Exton, Pa. Sartomer is a subsidiary of TotalFina Elf, a French conglomerate considered to be one of the world's largest oil producers.