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DALLAS-The Dallas-based firm has quietly acquired more than 400,000 sf in four warehouses in the Trinity Industrial District. A Valwood deed was added just two days ago. The 2003 plan: find another 200,000 sf to 300,000 sf.
CAROL STREAM, IL-Silicone and foam products manufacturer Rogers Corp. pays $49 per sf for the building, as well as acquiring an 18-acre site on St. Charles Road just west of Gary Avenue from Opus North Corp.
EAST RUTHERFORD, NJ-The northern and central parts of the Garden State, which combined are the country's third largest industrial market, continue to attract both tenant and investor interest.
HOUSTON-Milestone Mortgage takes 2,906 sf at 340 North Belt Place while Pipeline Engineering slides into a 2,068-sf sublease with the Lehman Co. for the balance of a long-term commitment at 13831 Northwest Freeway.
DALLAS-Jeff Deweese departs as executive vice president and managing director while the four-member multifamily team is swept away by Hendricks & Partners. The actions are unrelated, but occur within days of each other.
HOUSTON-Parsons Energy passes on a build-to-suit and instead signs a medium-term lease for its six-year address, taking 175,925 sf. Another veteran tenant adds 50,000 sf to a 240,000-sf lease and the balance goes to a newcomer.
DALLAS-J. Reagan Dixon didn't stay idle long after trading in a corporate office for a home office. His play book has two major leaguers and two brokers who've signed up for tips, either for one-on-one or the entire team.
TAMPA-MLG Capital LLC of Brookfield, WI pays Palm Lakes LLC of Lexington, KY $93.97 per sf for the 13-year-old, 98.5%-occupied, 87,000-sf Shoppes of Amberly after the property was on the market for only two months.
NEW YORK CITY-At a breakfast held here yesterday, Cushman & Wakefield presented its latest real estate outlook for the city, suggesting that the worst may be over.